Manchester Vermont Real Estate Blog

The market activity has been steady over the past couple of weeks, continuing the trend that began in the early fall. The fourth quarter is shaping up to be stronger than the third quarter, which is not the norm for our market, but is a welcome sign of what I believe is an improving market.

So far this year we’ve had 185 properties sold. There are another 32 currently under contract, probably half of which will close by year end. That will put our transaction total for the year at roughly 200, which would be a 5% increase over 2009.

On to the weekly recaps.

Weekly Recap 11/22 – 11/28:

New Listings – 3 new properties came on the market last week ranging in price from $449,000 to $1,100,000.

Price Reductions – 4 properties were reduced in price with an average price reduction of 9.5%.

Under Contract – 4 properties went under contract last week, 2 under $250,000, 1 between $250,000 - $500,000, and1 between $500,000 - $750,000.

Sold – 2 properties closed last week:

Weekly Recap 11/29 – 12/5:

New Listings – 11 new properties came on the market last week ranging in price from $199,000 to $1,625,000.

Price Reductions – 5 properties were reduced in price with an average price reduction of 10.7%.

Under Contract – 8 properties went under contract last week, 5 under $250,000, 2 between $250,000 - $500,000, and 1 between $500,000 - $750,000.

Sold – 5 properties closed last week: