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Picket Fence Preview Market Update
Spring
2023 - March 21, 2023- Here we go again! It looks like this year's
spring may be destined to follow the same spring market pattern as we've
seen over the last two years!
Since the beginning of February this year, Picket
Fence properties are not only selling quickly, but sales prices have
consistently been greater than the Asking Price!
Just
when we thought it was safe to say that the market
in Vermont had finally leveled out — meaning demand from buyers is
proportionate to the number of properties available for sale — the
market heats up again to the soaring temperatures we saw in 2021 and the
first
half of 2022!!
The best indicators of a real estate market’s strength are how long
properties remain on the market, and what percent of their asking price
they are offered. Looks like we're in for another crazy ride this year!
“March 15, 2023: Thank you for your help! I delayed showing until that Friday, ended up with 17 showings total, with most being through your MLS option (only 4 buyers came without buyer agent representation). I told everyone interested to give their best and final offer, since I wouldn’t be going back and forth with people. Ended up with 4 offers by Tuesday!" - D. Kelly, Fayston, AP = $580,000, SP = $636,000
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