Manchester Vermont Real Estate Blog

It was another slow week in the market. The rate at which new listings are coming on the market seems to have slowed, at least temporarily. We had been running at about 20 new listings each week. The past couple of weeks it has slowed to about 10 per week. This reduced rate is still outpacing the number of properties going under contract.

The mid year report is almost complete. Check back later in the week to see how the market has performed over the first 6 months of 2010.

On to the weekly recap:

New Listings – 11 new properties came on the market last week ranging in price from $157,500 to $1,375,000.

Price Reductions – 9 properties were reduced in price with an average price reduction of 8.8%.

Under Contract – 4 properties went under contract last week, 3 between $250,000 - $500,000, and 1 between $500,000 - $750,000.

Sold – 6 properties closed last week: one sold for $95,000 which was 97% of asking price, one sold for $155,000 which was 86% of asking price, one sold for $180,000 which was 90% of asking price, one sold for $270,000 which was 90% of asking price, one sold for $550,000 which was 92% of asking price and one sold for $563,000 which was 94% of asking price.