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September 2018

Fall is here and we are all looking forward to crisp nights, sunny days and leaves changing to vibrant fall colors. Vermont is at its finest and celebrating with Harvest festivals, apple picking, leaf peeping in the valleys, pumpkin patch exploring and new house shopping.
As of September 1st, the Chittenden County market continues to have a low number of homes in many price ranges with 338 single family homes and 155 condominiums available, a combined total of 493. The number of single family homes under deposit through August is up 6% from 2017. The number of homes sold through August are lagging behind 2017 with only 815 closed this year versus 826 last year.
The number of condominiums under deposit has shown good activity up over 15% from 2017 through August. Closed sales for condominiums are up over 7% from 2017 through August.
In 2015 we saw the most single family homes sold since the market downturn with 1284 while 2016 had 1248 homes sold. The closed sales for single family homes in 2017 came in at 1258 which is slightly under the average for the past three years. I am looking at the current number of deposits and knowing that with that up as significantly as it is we should top the 2015 high. I expect to see a good fall and winter season with continued increase in sales that will have the 2018 year ending on a strong note.
Here at Nancy Jenkins Real Estate we have closed or pended over 165 homes through Labor Day week. We are proud to work in one of the best locations in the country for both beauty and the unique aspects of both the people and the landscape. WalletHub just named South Burlington as the fourth best place to raise a family in the country, with Burlington just down the list at number twenty three.
If this is your year to move, buy a lake or vacation home or an investment property - this is the time to act. Rates are still near historically low levels but with more rumors of hikes to come that is sure to change. Give our team a call and you can be in your new property in time for the holidays!


This Month's Coupon to Adam's Farm Market!


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CLIENT TESTIMONIAL and THANK YOU'S

“I worked with Alison Barges to sell a townhouse and purchase a single family home. When
looking for my new home, Alison was exceptionally knowledgeable of the local inventory and neighborhoods. She won over my husband, a retired general contractor, with her knowledge of construction, plumbing and heating. Alison was always reliable and supportive through the stressful process of home buying. Alison excelled at the support. I appreciated her relaxed confidence.”
- Franscesca Berriman June 11, 2018

 

Special Thanks to Friends Who Sent Us Their Friends:

Irena Morehead, Sharon Bryant, Mulu Gebreselasie, Christopher Niles, Chris & Michelle Thibault

©2018 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