Market Update: Sales and Time on the Market Data

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July 1, 2020 - The market is very active right now, displaying much pent-up demand!  We are hearing of multiple offers from all over the state, and many selling above their asking price.  That's the good news. Bad news is that we've also heard of a few deals falling through because buyers are being turned down for mortgage financing due to loss of employment, so all sellers should be careful to keep back up names, emails and numbers in the event that happens.

"Turns out it is good market to sell in right now. I had been watching listings on Picket Fence for the past month or so, wondering when people would start to become active. Now is clearly the time! The buyer’s broker found it on PicketFencePreview.com. I didn’t advertise anywhere else, although I did have a few word of mouth showings/interest first. I had 4 showings and another one potentially in the works, and of those 5 total, 3 were via buyers brokers and 2 directly from buyers."  - Yasmine Ziesler , Huntington  May 27, 2020
AP $339K   Under contract within 5 days of posting on PicketFencePreview.com

 

Picket Fence Preview Web Activity

July 2020

    75,581 visits
    356,667 page views


Visitors by State of Origin (Top 10 States)
    VT     52,956
    CT     4194
    NY     4189
    MA     3653
    NH     2292
    FL       732
    NJ      549
    CA       519
    MI       502
    VA       391

CDN 449

 

Following are counties which reported sales to Picket Fence during the month of July 2020, along with Time on the Market (TOM) averages per County:

VERMONT

Chittenden       15 days

Franklin            12 days

Grand Isle        30 days*

Lamoille           30 days*

Washington      26 days

Windsor           30 days*

Windham         64 days*

Open Land      30 days

* data from 1 sale only

Sale Price ranges were well represented across the board from the $100,000s to $600,000s.  Altogether, 20% of the sales prices were above $500,000 or above.