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Picket Fence Preview Market Update
As interest rates began to rise this summer, it caused some buyers to drop out of the market, or to adjust their sights on less expensive homes. As such, even with more homes entering the market, the number of buyers bidding on each property was less frenzied. Fewer cash offers were reported, as well as more offers with contingencies. This trend continued through July and August.
Below are Picket Fence sellers’ Time on the Market and Asking price to Sales price ratios per county from June - August 2022:
| Vermont County | Ave. Time on Market | Ave. % AP received |
| Addison | 20 days | 100.2% |
| Chittenden | 13.5 days | 100% |
| Franklin | 17 days | 94.7% |
| Grand Isle | 27 days* | 100%* |
| Lamoille | 28 days* | not reported |
| Orleans | 2 days* | 103.2%* |
| Rutland | 18.5 days | 100% |
| Washington | 17.5 days | 101.3% |
| Windsor | 12 days |
101.3% |
| *based on one sale |
Source: Picket Fence Preview gathers this data from communication with its customers.
"The couple we showed
it to first just made a full price offer. They love that the condo is
walking distance to everything... UVM, downtown Burlington. In the
week since it went on MLS (through you), we've had three showings, all
with buyer agents present. Appreciate your help and advice. " -- Linda Sugarman, June 21, 2022.
"After a slow start, it seemed there was suddenly lots of activity all
at once! I'm now Under Contract, with a full price offer, to an
out-of-state cash buyer whose son is going to Middlebury College! I
think upgrading the ad to the MLS package made the difference for me; I
had a couple of buyer agents with clients contact me before then, but
once it was on MLS, there was a flurry of interest." - Kristin
Lawson, Cornwall, 6/14/22
"Picket Fence made selling my dream home, well...dreamy. We knew this house would sell itself to the right buyer, and it did!" - Kathryn Dewar, Lincoln VT, Apr 20, 2022
"Can you please mark my house Under contract so the calls will stop? I only showed my house over a 3 day time period from Thursday- Saturday, allowing an hour per showing, and had 22 showings, with three offers resulting... all well over Asking Price! I ended up selling to a nice young couple that wanted the Williston school system. Scheduled to close on 6/16." John Lentine, Williston 5/9/22 AP= $439,600 SP= $470,000
Average number of visits to PicketFencePreview.com in 2021 & 2022
| Q1 Jan-Mar 2022 | Q2 Apr-Jun 2022 | Q3 Jul-Sep 2021 | Q4 Oct-Dec 2021 |
| 49,449/mo | 54,158/mo | 61,483/mo | 46,874/mo |
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