Real Estate Market

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Featured Listing

For Sale: $475,000

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March Market Update

Spring is right around the corner. It has been a long winter and as I write this newsletter, I have clients heading to the mountains for great skiing, Lake Champlain is now completely frozen over and the ice-skating enthusiasts are heading out to test their skills. The last time Lake Champlain froze over was 2015 and this is only the third time in this decade!

The sap is running and our annual rite of spring- sugaring season is here. We have sprung our clocks forward and are enjoying sunny mornings with beautiful bird songs that brightened our mornings. It was a cold winter this year but with the last of the snow melting soon and with the sun setting later each day we know spring is finally close.

Our 2019 real estate market is off to a good start and will continue to pick up steam as we move into spring. The number of single-family homes that closed in Chittenden County during January and February was 108 which is down 9 from last year. The number of properties under deposit in January and February is flat compared to last year. There is a slight increase in single family homes for sale as of March 1 with 247 compared to 238 last year. Condominiums are also strong with 56 closed and 93 under deposit for January and February, and there are 118 condos available as of March 1 compared to 112 last year. While there are a few more properties available this year, as they come on the market many are going under deposit quickly. We still have low number of homes and condos available which is positive for sellers.

Nationally there are areas where the markets were red hot and those markets have started to cool. Boston, Chicago, California and Washington D.C., just to name a few, saw record appreciations and are now reporting an increase in inventory and a cooling in their areas. In Vermont we did not have the experience of a market that saw huge price increases and shortages. We are cautiously optimistic that we will not follow this trend of a slowing market that has been seen in pockets of the country.

The combination of lower inventory and higher rates make finding a new property more challenging but there are great choices out there. We have seen an increase in new construction homes and condominiums, and that segment has shown strong demand. Here at Nancy Jenkins Real Estate we are putting homes under deposit- this truly is the best time to buy. If you are looking for a home, camp on the lake or investment property our experienced team is ready to assist you in reaching your goals. If this is your year for a move, call us today.

The 22nd annual Nancy Jenkins scholarship is underway! For details and deadlines, visit www.nancyjenkins.com/scholarship. High school seniors should apply now!


This Month's Coupon to Spare Time Bowling!


(click for a larger version to print)

This Month's Giveaway!

This month we are giving away two tickets to Ballet Hispanico at the Flynn Center! 

Ballet Hispanico has been a gem of the New York dance scene, bringing communities together to explore Latino cultures through dance.  

Performance on April 20th, 2019, winner to be drawn April 8th!

For your chance to win CLICK HERE!

CLIENT TESTIMONIAL and THANK YOU'S

“The Nancy Jenkins team exceeding our expectations. They were easy to work with and incredibly responsive. We needed to sell our house quickly, and they made that happen! We received 7 offers on our house in the first week - over asking price! Amanda walked us through the offers and was there with us every step of the way. Once we were under contract, the rest of the team (Chelsea, Carol, etc) were there to help us with all of the details. Everyone was so friendly and when we had a couple of scares on the day of closing, they calmly helped us through it and it ended up being the easiest closing! The moving van was a great bonus too! I would recommend Nancy Jenkins Real Estate to all sellers and buyers. I couldn’t be happier with the experience!”
Anna & Kyle Davis - February 27th, 2019
 
SPECIAL THANKS TO FRIENDS WHO SENT US THEIR FRIENDS:
Carol & Paul Ode, Lisa Gaudette, Marlon Verasamy & Tim Reynolds

 

©2019 Nancy Jenkins Real Estate

 

 

Contact Information

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Nancy Jenkins
Nancy Jenkins Real Estate
140 Kennedy Drive, Suite 102
South Burlington VT 05403
802-846-4888
Fax: 802-846-4899