Manchester Vermont Real Estate Blog

The market perked up a little last week with 10 properties going under contract. We are in the midst of the heat wave that is gripping the northeast this week. It will be interesting to see what it does for activity, whether everyone will lay low or whether people would prefer to get out of the house and drive around in their air conditioned cars looking at some of the good deals we have on the market these days.

On to the weekly recap:

New Listings – 18 new properties came on the market last week ranging in price from $184,000 to $1,600,000.

Price Reductions – 17 properties were reduced in price with an average price reduction of 7.4%.

Under Contract – 10 properties went under contract last week, 5 under $250,000, 4 between $250,000 - $500,000, and 1 between $500,000 - $750,000.

Sold – 2 properties closed last week: one sold for $90,000 which was 75% of asking price, and one sold for $404,000 which was 86% of asking price.