Our Spring Market is looking good

Spring is coming quick in Vermont Real Estate...the phone is starting to ring much more often with first time homebuyers looking to take advantage of the $8000.00 tax credit. It is a great time to jump into the market! The year over year numbers show that Chittenden County is down about 7% in terms of average sales price. Most towns show a very moderate drop in average prices and a few- such as Burlington, Winooski, Charlotte, and Richmond actually show a bit of a rise. Overall a pretty good situation when compared to the rest of the country. Luckily our forclosures are the lowest in the country, which has really helped us avoid the crash that comes when your neighbors are selling at 50% of market value! As always, please do not hesitate to call if you have questions or would like more information on anything related to Real Estate. -David