Real Estate Market

Featured Listing

Featured Listing

For Sale: $630,000

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February 2018

It is cold and snowy outside, but the spring real estate market is here. We are seeing activity with folks who are relocating into and out of the area. Buyers are looking in all price ranges, from the high-end to the most-affordable options available. There is a property out there for every buyer, whether it is a city, country, suburban, or lakefront home but supply is limited. If you have been thinking of selling, call today for an evaluation of your home in today’s market. If you are thinking of a move I can help you, both here in Vermont and all across the country. The time is definitely right.

We saw the Fed Funds rate rise to 1.5% in December with mortgage rates ticking up to the 4.5% range in early February. The variety of loan programs from Jumbo rates at around 4.5% fixed to 100% Rural Housing or VA loans, and 3% down conventional and FHA loans for first-time buyers. There are many programs for first time home owners and experienced buyers. You can buy with no money down! With the Fed indicating that they anticipate more rate increases in 2018 and with inventory at an all-time low this is not a time to wait. If you are thinking of a new home, vacation or investment property,
now is the time.

The market picked up steam in 2015 when there were 545 single family homes on the market February 1st. In 2016 the number of homes dropped to 433 then down to 355 in 2017. This year there were 240 single family homes available on February 1st. The inventory is currently back to 2003 levels. While the number of deposits were up for both condominiums and single-family homes in Chittenden County for January 2018, the number of closed condominiums and single-family homes were down.

I am also encouraged by the increase in new construction. There are wonderful new home and condominium options as well as great land parcels for sale if your dream has always been to design your new home. Lakefront buyers – now is your season! Come look at our wonderful lake homes, camps and land and be moved in and ready for summer fun on the lake.

My strong belief that a college education makes a difference in the life and success of your children is supported by the Department of Labor. “Each year of formal schooling after high School adds 5% to 15% annual earnings later in life”. It is also a fact that the cost of college tuition is high and rising. One easy way to pay for a college education is to buy a rental property when your child or grandchild is young. On a 15 year schedule you will pay down the mortgage and have equity available for the costs of college. We have a great brochure that we can email or send to you titled Give Your Kids a Chance which explains how owning a house for your child can help to fund the cost of college. It is a great program.

College applications are in, and our High School seniors are starting to receive their acceptance letters in the mail. It is an exciting time for these students. Here at The Nancy Jenkins Team we are pleased to announce that our 21st annual Nancy Jenkins Scholarships will be given to two area students. Go to NancyJenkins.com and click on “Scholarship” to apply. The scholarship is open to all area high school seniors.

THIS MONTH'S COUPON & GIVEAWAY!


This Month's Coupon to Zeke's Automotive & Acme Glass!


(click for a larger version to print)

 

This Month's Giveaway to Jazzercise!

Stoweflake Spa

This month we are giving away a one month membership to Jazzercise. (This pass will be valid for 30 consecutive days.)

 

For your chance to win CLICK HERE!

 

CLIENT TESTIMONIAL and THANK YOU'S

“Our realtor, Alison Barges, Became a trusted advisor and partner, She helped us find our new Home and execute the sale. She was with us every step of the way, listening and adding valuable suggestions and advice. Thorough, professional, personal, snd available are apt descriptions of the services we received. Alison was our perfect match!”
Dale Cobb – December 26, 2017

Friends Who Sent Us Their Friends

Blake Bolt & Liisa VonEnde, Kim Mercer, Roy Sokolowski and Barb McHenry

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©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