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Nancy Jenkins, CRB, CRS

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Fall Newsletter 2016

by Nancy Jenkins, CRB, CRS

Fall is here and we are all looking forward to crisp nights, sunny days and changing leaves. Vermont is at its finest with Harvest festivals, apple picking, leaf peeping in the mountains and valleys, pumpkin patch exploring and new house shopping.

The Chittenden County market continues to have low inventory in many price ranges. On September 1st Chittenden County had 482 single family homes and 178 condominiums available for a total of 660 properties compared to 2015 with 961 properties available!

The number of single family homes under deposit from May through August has shown good activity with deposits for that period up 34% over last year. Closed sales through August for single family homes is still lagging behind 2015 but given the increase in deposits, we should catch up by year end. Condominium sales through August are up 6% over last year.

Here at Nancy Jenkins Real Estate we have closed or pended over 180 homes through early September. We are proud to work in one of the best locations in the Country for both beauty and the quality of life. We expect to see a strong fall and winter season and sales that will have the 2016 year ending at or above 2015 levels.

If this is your year to move to a new home, buy a vacation home, or an investment property- now is the time to act as prices are stable. While mortgage rates continue at historical lows, given the improvement in the economy this is destined to change in the near future with the possibility of a rate hike in December.

Give our team a call and be in your new property in time for the holidays!

©2016 Nancy Jenkins Real Estate

August Newsletter 2016

by Nancy Jenkins, CRB, CRS

Back to School! I have always seen the real estate market perk up as soon as the back to school advertising starts. We have enjoyed a wonderful long summer with great sunshine, beach days, hiking and biking. Soon the annual harvest markets, celebrations at Shelburne Farms, the Underhill Corn Roast and the Champlain Valley Fair will be here!

The real estate market here in Northwest Vermont has had a good run this summer. The first of August sees continued lower levels of available homes with only 512 single family homes and 177 condominiums totaling 689 combined properties currently on the market in Chittenden County. This is compared to 2015 with 691 homes and 240 condos totaling 931 combined properties for sale, a 26% reduction from last year.

The number of single family homes under deposit reached 892 as of August 1st an increase of 10.8% over the 805 deposits from 2015. Condominiums are also up with 415 units pending up from 405 last year. We saw a 7% increase in closed condominiums with 380 closed by end of July 2016. Single family homes are down 9.4% through July with 685 homes closed year to date. As deposits are up I expect the number of homes closed this year will exceed last year’s total of 1284 closed, by more than 5%.

We are looking forward to a strong fall with historically low mortgage rates, continued lower inventory levels, and high demand. Buyers are taking advantage of these conditions in anticipation of higher interest rates looming on the horizon.

Andrea HossleyThe Nancy Jenkins Team is proud to announce the addition of Andrea Hossley to our team as a Buyer Specialist! Andrea comes with a background of sales and customer service. She looks forward to helping you find the perfect home! Our experienced team is ready to assist you in reaching your goals both for your home, investment property or even a vacation home.

Enjoy the rest of our warm, sunny days and call us for all your real estate needs.

©2016 Nancy Jenkins Real Estate

Welcome to The Team Andrea Hossley!

by Nancy Jenkins, CRB, CRS

We want to send a warm welcome to the newest member of our team, Andrea Hossley! Andrea will be working as a Buyer Specialist here at Nancy Jenkins Real Estate. 

Andrea was raised in Williston and returned to Vermont to raise her two children in her beautiful home state. She loves all that Vermont has to offer, from outdoor recreation and family fun to unparalleled quality of life. Andrea is a people person, smart and quick to understand customers’ needs. A former local business owner, her background includes sales, business administration and customer service. Andrea is thrilled to work with the Nancy Jenkins Team and is dedicated to helping you find your perfect home.

Welcome to the team Andrea, we are so happy to have you!

 

CONGRATULATIONS TO OUR 2016 SCHOLARSHIP WINNERS!

by Nancy Jenkins, CRB, CRS

This is the 19th year we have awarded the Nancy Jenkins Scholarship, which provides $1,000 in tuition support for two college-bound high school seniors. We were delighted to receive a number of applications, all from teens showing a terrific determination to succeed in their life goals.

Congratulations to our 2016 Winners!

Rachael DuBrul from Burlington High School will be attending

Champlain College studying radiography.

Kevin Huang from Burlington High school will be attending

The University of Vermont studying Chemistry.

 

It is our honor to help our young people learn and grown. We wish them much success in their studies!

Nancy Jenkins Real Estate Photo Contest!

by Nancy Jenkins, CRB, CRS

We want to showcase our beautiful area and we are looking for a few great photos. As part of our slideshow update we are seeking new photos and want your help! If your photograph is selected it will be featured on NancyJenkins.com and used in our Marketing pieces.

Do you think you have an eye for that perfect Vermont shot? Show us!

Photos selected will be displayed on July 31st. Our favorite photo will earn a $100 gift certificate at my favorite restaurant, Trattoria Delia.

Please submit your high resolution photos to info@nancyjenkins.com

Summertime Newsletter 2016

by Nancy Jenkins, CRB, CRS

Summer is finally here and we are all looking forward to enjoying all that our area has to offer. Boating, kayaking or swimming at our scenic beaches and parks, hiking the Green Mountains and biking to name a few!

Sales are up with 326 single family homes closed through May. This June there are only 513 single family homes available in Chittenden County. This is a dramatic drop from the past available homes and it mirrors the available number of homes in the fall markets from 2007 through 2012. For the condominium market the number of available units is also down slightly with 169 available. There are many opportunities for existing and new construction in both single family homes and condominiums in Chittenden County and the surrounding areas. If this is your year for a new home, call us today!

Our market here in Chittenden County and northern Vermont has many great opportunities for buyers with historically low interest rates, many properties to choose from and great prices. Appreciation is finally here and in some price ranges and towns average prices have risen and competition is strong. Here at The Nancy Jenkins Team we have found 125 families new homes and properties this year through mid-June. We have a fantastic selection of homes, land, condominiums and investment properties available. Check them out online at www.nancyjenkins.com.

Congratulations to the 2016 winners of the 19th annual Nancy Jenkins Real Estate Scholarship: Kevin Huang from Burlington High school will be attending UVM studying Chemistry; Rachael DuBrul from Burlington High School will be attending Champlain College studying radiography. It is our honor to help our young people learn and grow and we wish them much success in their studies and their future.

©2016 Nancy Jenkins Real Estate

May Newsletter 2016!

by Nancy Jenkins, CRB, CRS

Our long and cool spring bloomed beautifully this month and rewarded us with a string of beautiful sunny days, flowers blooming in abundance and warm breezes.

The real estate market has also been blooming and is keeping pace with the very strong 2015 market. A steady and healthy market with homes in all price ranges with increased showings and in some cases very strong competition from buyers.

Nancy Jenkins Real Estate is proud to be leading the market with closed sales. We have assisted over 112 clients and customers through May 17th this year. We are seeing many homes going under deposit with multiple offers.

I continue to be encouraged by the lower inventory which is moving prices higher, great low interest rates and strong buyer demand. While there is talk of the Federal Reserve raising rates, mortgage rate remain affordable at 3.5% with zero points.

Summer will soon be here, and as we all play and plan, I urge you to consider that if this is your year for a move, it may be the best time to do so for many years. The interest rates will undoubtedly go up in the next year.

We are looking forward to a beautiful Vermont summer with local farmers markets returning. Soon the Discover Jazz Festival will be here as well as adventures at Shelburne Farms, visits to our local beaches and State Parks, kayaking and boating on Lake Champlain and those amazing summer sunsets.

If 2016 is your year for a move, now is the time to call!

©2016 Nancy Jenkins Real Estate

April Newsletter 2016!

by Nancy Jenkins, CRB, CRS

Spring has finally sprung, and what a beautiful weekend with temperatures near the 70’s in April, all we can say is wow! Soon the daffodils will be coming up, the landscape is turning green and buyers are turning out to look for a home in the spring real estate market. If you have been thinking of a home or camp on Lake Champlain or one of the many small lakes in our area, now is the time to look. Give our team a call today.

The real estate market has popped early this year after one of the mildest winters on record. Buyers have been out in force and have placed 261 single family homes and 135 condominiums under deposit through end of March. We have already seen 300 single family homes and condominiums close in the first quarter and condos had an 8.5% increase in number of sales over 2015.

The number of homes on the market is down 9% from last year, which is creating multiple bids on properties that are well priced and in good locations. The recent interest rate hike by the Federal Reserve has not had a negative impact on this spring market. Further rate increases are on the horizon, however rates have been stable- 30 fixed rates remain affordable in the 3.5% range with zero points.

I can say that the long slow recovery has started to really build steam here in Northern Vermont. Here at Nancy Jenkins Real Estate we have sold or pended over 83 properties through mid-April and we are on track for another great year of helping folks buy, sell or invest. Call us today for a free market analysis of your home or to schedule an appointment to discuss your purchase options or the value of the property you want to see.

Have a fantastic spring!

We are moving too!
Come visit us at our new office location in late April.
​Our new address will be 140 Kennedy Drive, Suite 102, South Burlington. VT

©2016 Nancy Jenkins Real Estate

Spring Newsletter 2016!

by Nancy Jenkins, CRB, CRS

The real estate market is in full “spring gear” after a mild winter and early warm temperatures the maple sugaring season starts and buyers are out in full force. When you look at the continued low interest rates, combined with moderately priced homes you see that home affordability is still fantastic for Northern Vermont.

We are often asked how our real estate market is compared to the peak of the market in 2007. In 2007 the mortgage rates were at 6.5% and the average sale price for a home in Chittenden County was $328,861. Today the mortgage rates are at 3.625% and the average sale price was $336,088 at the end of 2015 which is a 2% increase. Due to the recent decline in rates a mortgage of $200,000 would cost $912 per month- almost 28% less than the $1264 payment in 2007!

Home and condominium inventory is getting tighter, especially in the lower price ranges, and in the greater Burlington area, which means prices are starting to rise in these pockets. There are many new construction options available call us if you are thinking of buying a new home this year.

We have been busy closing homes and putting new listings under deposit with over 56 properties closed or under deposit through the first week of March- up 12% over last year and our busiest spring since 2007.

If this is your year for a move, now is the time to act as interest rates are expected to rise this year and that could affect how much home you can afford. Call us today to discuss your real estate needs, goals and plans. We can guide you in implementing them and seeing you through to your move.

Enjoy spring, melting snow, longer days and higher sun and the end of Daylight savings! 

©2016 Nancy Jenkins Real Estate

February Newsletter 2016!

by Nancy Jenkins, CRB, CRS

2016 is off and running! The real estate market in Northern Vermont picked up steam in 2015 and is continuing to improve going into the first quarter. The number of available single family homes and condominiums in Chittenden County have declined to 615 from 772 in December 2015 which is an indication of change in the market. The number of closed condominium sales are up by 12 units January over January- a 40% increase.

The increase in showings and buyers from out of town is encouraging and the weather has cooperated wonderfully by sending us a mild and snowless winter so far. We do love our snowy Vermont winters and look forward to some continued wonderful snow in the mountains for our ski areas and happy visitors.

I am also encouraged by the increase in new construction options that are available. There are wonderful new home and condominium choices, as well as great land parcels for sale. If your dream has always been to design your new home -now is the time.

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. If you have been thinking of combining your vacation and home into one location, we can help you find the home of your dreams.

So much to see. Great rates are still here and there are many programs for first time home owners and experienced buyers alike. You really can buy with no money down and some programs are as little as 3.5% down! Say goodbye to your landlord, and hello to home ownership this year.

-Nancy and The Jenkins Team

P.S. If you are thinking of a move I can help you, both here in Vermont and with a top agent across the country. The time is definitely now!

©2016 Nancy Jenkins Real Estate

19th Annual Nancy Jenkins Scholarship

We would like to recognize and assist two area high school seniors who would like to continue their education after high school by awarding two $1,000 scholarships for the 2016-2017 college year. We are looking to award students who may not receive a scholarship based on academic performance or athletics, but who can show a strong desire to succeed. Applicants: Write a 1-2 page essay explaining why you want to attend college and why you need financial aid, and send it, along with your contact information, by May 16th, 2016 to:

scholarship@nancyjenkins.com
Or by mail to:
NANCY JENKINS
Nancy Jenkins Real Estate
120 Kimball Ave., Suite 110
South Burlington, VT 05403
​Re: Scholarship

 

Displaying blog entries 1-10 of 144

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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