Market Update: Sales and Time on the Market Data

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Market Update:

Most counties had similar Time on the Market numbers in October as in September, with continued interest from out-of-state buyers.

October Time on the Market (TOM):

County (VT)             Avg. TOM  October

Chittenden                 20  days

Franklin                     3    days*

Grand Isle                 60  days (Land)

Washington               45  days

Rutland                        N/A

Lamoille                   31.5 days

* figure based upon 1 sale

Note:  Time on the market represents the length of time a property is advertised before an agreement is reached between buyer and seller. Picket Fence Preview relies upon seller self-report information for its sales data.  As such, not all sales are reported.

Sales Price Ranges:  During October, Picket Fence sales prices ranged from $100k - 1.1 million, with 38% of the sales prices greater than $500k.  The two Land sales averaged $417k.

Picket Fence Preview Web Activity

For the second month in a row, Picket Fence Preview Web Activity exceeded that of 2019 by a couple thousand visitors, showing that the real estate market has returned to pre-covid levels! Additionally, page views are also up, demonstrating that people are spending more time on the site, studying ads.

October 2020 Visitor Results

62,423 visits
321,951 page views

Visitors by State of Origin (Top 10 States)

VT   43,460
NY     4,128
CT     3,459
MA    2,334
NH    1,875
CA       868
FL        623
NJ        566
VA        491
PA        451

"I got several emails almost as soon as I posted this ad, and the first one was an ideal buyer. Sold in 1 hour to an out-of-state buyer!" -- Charlotte Norris, Burlington $315,000 September 3, 2020