Manchester Vermont Real Estate Blog

We are in the final week before the home buyer tax credit expires. This past week showed a slight uptick in the number of properties going under contract, possibly attributable to the tax credit, but nothing to get very excited about unfortunately. Anyone still sitting on the fence should take action this week since there has been little discussion of extending the credit again, unlike back in November.

On to the weekly recap:

New Listings – 14 new properties came on the market last week ranging in price from $79,500 to $990,000.

Price Reductions – 14 properties were reduced in price with an average price reduction of 9.2%.

Under Contract – 8 properties went under contract last week, 3 are under $250,000, 3 are in the $250,000 - $500,000 price range, and 2 are in the $750,000 - $1 million price range.

Sold – 2 properties closed last week: one sold for $178,000 which was 100% of asking price and the other sold for $1,075,000 which was 98% of asking price.

I’ve been wondering where the limited activity that we have been seeing is taking place. I have begun analyzing the sales activity over the past couple of years on a town by town basis. I should have the results ready to share with my readers a little later this week.