Manchester Vermont Real Estate Blog

As a licensed real estate broker I am required to complete 16 hours of continuing education every 2 years. The deadline is March 31^st and I still have a few credits to complete so I spent yesterday taking a very informative online course on Buyer Representation. So here is my weekly recap, 1 day later than usual.

New Listings- 12 new listings came on the market last week ranging in price from $79,900 to $645,000.

Price Reductions – 10 properties were reduced in price.

Under Contract – 3 properties went under contract last week with asking prices of $32,000, $178,000, and $550,000.

Sold – 4 properties closed last week at the following prices: $215,000 at 90% of asking price; $250,000 at 87% of asking price, $270,000 at 90% of asking price, and $312,500 at 92% of asking price. I am pleased to report that two of the properties sold last week were listed by Battenkill Real Estate.

It’s interesting to note that the number of new properties coming on the market each week is fairly consistent, ranging between 11 and 16 each week since I’ve started reporting on the market. We need to start seeing the same type of consistency among buyers but so far this year we haven’t.