Manchester Vermont Real Estate Blog

Well I may have spoken too soon last week when I reported that the previous 2 weeks had been the strongest in months and hoped that it was the start of a pick up in the market. The past week was very slow with only 2 properties going under contract. This is the type of market we have been experiencing for the past couple of years. Every now and then we will see a flurry of activity that we hope is the start of something only to see it fizzle out again.

On to the weekly recap:

New Listings – 22 new properties came on the market last week ranging in price from $85,000 to $2,225,000.

Price Reductions – 13 properties were reduced in price with an average price reduction of 8.8%.

Under Contract – 2 properties went under contract last week, 1 under $250,000, and 1 between $250,000 - $500,000.

Sold – 3 properties closed last week: one sold for $119,000 which was 100% of asking price, one sold for $381,000 which was 95% of asking price, and one sold for $381,750 which was 96% of asking price.