2017 Picket Fence Preview Sales Statistics | Buy Sell | Easy Success
$18,655 = average savings for each Picket Fence seller in 2017!
Average sales price was $310,909.
493 SOLD in 2017!
That's $153,278,137 worth of property SOLD.
That's $9,196,688 in real estate commissions saved!
Success Rate
Champlain Valley: 80% of all 2017 Champlain Valley advertisers were
Under Contract or Sold by year's end, of those that advertised at least 3
months.
Northern & Central VT: 78.7% of Picket Fence
advertisers in this region had a buyer by year's end, of those that
advertised at least 3 months.
Southern VT & Upper Valley NH: 76.5% of advertisers in this region were Under Contract or Sold by year's
end, of those that advertised at least 3 months.
Note: 3 months
was chosen as a time marker because that is typically the minimum
listing agreement time period among real estate agents.
Time on the Market
In the Champlain Valley (Chittenden, Addison, Grand Isle and Franklin
counties), the average time on the market was 30 days in the 1st QTR of 2017 and 27 days in the 2nd QTR.
In Northern / Central Vermont (Washington,
Lamoille, Orleans, Essex, Caledonia & Orange counties), the average
time on the market was 67 days in the 1st QTR of 2017 and 37 days in the 2nd QTR.
Southern
VT (Rutland, Bennington, Windham & Windsor counties) and Upper
Valley NH (Grafton, Sullivan & Cheshire counties), was 61 days in the 1st QTR of 2017 and 26 days in the 2nd QTR.
Price Range
As is typical, a wide range of types of properties and price ranges
sold in 2017. The average price of property sold through Picket Fence
was about $310,909. The properties sold in Picket Fence in 2017 ranged
from a $115,000 condo to a $695,000 lake home.
Asking Price to Sales Price Ratio
Picket Fence sellers have enjoyed a relatively high asking price to
sales price ratio over the 25 years we've been keeping records and 2017
was no exception. Champlain Valley sellers reporting receiving 97% of
asking price, Northern & Central VT averaged 97.2% and Southern VT
& NH sellers averaged 98% of their asking price.
Methodology
How the data were collected: Customers voluntarily notify Picket
Fence Preview either by phone, online or in-person when they sell. We
keep a log of all Picket Fence sales throughout the year, and compare
this against all PFP advertisers that did NOT sell by year's end. ALL
types of properties are considered in these statistics, including Land
parcels, Commercial and Camp properties.
Three months
advertising period: We determine this across ad types: magazine,
internet only or any combination of both. Advertising three months in
2017, with no more than a one month break in advertising, would count as
'advertising at least 3 months.' Finally, only sales attributed to
Picket Fence Preview advertising, yard signs or word-of-mouth are
counted.