Manchester Vermont Real Estate Blog

It looks like the activity level is beginning to pick up as we start heading into summer. Over the past two weeks 19 properties have gone under contract compared to 6 properties for the preceding two week period. This is the best 2 weeks the market has had over the past three months. Hopefully this is the beginning of an improving trend for the summer and beyond.

On to the weekly recap:

New Listings – 19 new properties came on the market last week ranging in price from $224,683 to $999,999.

Price Reductions – 21 properties were reduced in price with an average price reduction of 8.7%.

Under Contract – 11 properties went under contract last week, 5 under $250,000, and 6 between $250,000 - $500,000.

Sold – 5 properties closed last week: one sold for $218,000 which was 82% of asking price, one sold for $253,000 which was 85% of asking price, one sold for $457,500 which was 66% of asking price, one sold for $475,000 which was 90% of asking price and one sold for $1,215,000 which was 94% of asking price.