GREATER RUTLAND AREA
MARKET REPORT 2017 YEAR END
PROPERTIES OF DISTINCTION REGARDLESS OF PRICE Whether your property is valued at $200,000 or $2,000,000, it has a story all its own. It’s written in the details, big and small, that make a house into a home... or a piece of land into a dream. A remembrance of things past... a celebration of things to come. Telling these treasured tales is our specialty. We start by uncovering and bringing to life all the things that make a property exceptional. By combining outstanding photography and attention-getting narrative details, our distinctive storytelling process provides our clients the opportunity to showcase their home’s finer details in ways that truly resonate with prospective buyers. It is with pleasure that we use our considerable experience and resources to artfully unite special places with those who will cherish them.
MLS#4652174
MARKET OVERVIEW
2017 YEAR END
KNOWLEDGE IS POWER In this report you will find year over year market trends by Town in order to provide you with the most updated information so you can make informed decisions as you evaluate your real estate options. Overall, the real estate market was relatively strong in 2017 for Rutland County. Specifically, the number of properties sold increased +8.2% in units and 11.4% in total dollar volume sold. Furthermore, the average sales price increased +3.0% and the average days on market decreased -4.0%/. . Moving forward into 2018, we believe the lack of inventory will continue to be a driving factor in lower and mid-range segments which will continue to support a Seller’s market. In some cases this can result in higher home prices. However, fewer buyers in the luxury segment dictates the importance of appropriate pricing which is critical to selling properties in a timely manner.” The economy is strong with low unemployment and wages have begun to show some improvement. We are cautiously optimistic that the current trends will continue into 2018 even in the face of likely higher mortgage rates and the new federal tax legislation’s impact on the market. Four Seasons Sotheby’s International Realty has 20 offices spread throughout Vermont and New Hampshire with over 10 experienced Agents in our Rutland office ready and eager to serve all of your real estate needs. We are committed to providing you with the highest level of service and expertise to Buyers and Sellers regardless of price. It would be our privilege to serve you for all of your real estate needs in Rutland County. Staige Davis - CEO Cover Property: MLS#4379286 Source: TrendGraphix Data 2016-2017
BENSON VERMONT
2016
2017
% CHANGE
10
8
20%
$134,655
$189,187
41%
294
57
81%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
For Sale
14
Sold
13
Pended 12
12 11
11
11
10
10
9
9 8
8
8 7
12
8
8
1
1
7
6 5
5 4
3
3 2
2 1
1 0
1 0
0
1/17
1
2/17
3/17
1 0
4/17
1
1
0
0
5/17
1
6/17
7/17
1 0
8/17
9/17
10/17
11/17
12/17
BRANDON VERMONT
2016
2017
% CHANGE
59
61
3%
$163,911
$139,564
15%
233
153
34%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
40 38
36
36 34
33
33
32
30
30
For Sale
34
Sold Pended
30
30
28
28 26
25
25
25
24
24 22 20 18 16 14 12 10 8
6
6 4 2 0
9
8
2 1
1/17
1
1
2/17
6
5 3
3
5 2
4
6
7
6
6
3
6
1
3/17
4
2 0
4/17
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
CASTLETON VERMONT
2016
2017
% CHANGE
39
57
46%
$210,688
$199,108
6%
169
216
28%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
80
For Sale Sold Pended
70
65
60
61
60
63
62
57
56 53
51
50
50 46
44
40
30
2
20
10
6 4
0
3
1/17
2
7
3
2/17
3/17
5
7
5 1
2
4/17
5/17
8
6/17
5
7
7/17
7
9
5 3
8/17
9/17
3
4
10/17
3
11/17
1
1
12/17
CHITTENDEN VERMONT
2016
2017
% CHANGE
11
13
18%
$282,863
$342,269
21%
131
309
136%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
20 For Sale
18 16
Sold Pended
16 15
15 14
14
14
12
12
12 11 10
10
10
8
8
8
6 4
4 2 0
3 2 1
1
1 0
0
1/17
2/17
2
2
3/17
4/17
5/17
1
2
2 1
1
3
1
0
6/17
7/17
8/17
9/17
10/17
11/17
12/17
CLARENDON VERMONT
2016
2017
% CHANGE
28
18
36%
$166,816
$201,166
21%
126
102
19%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
For Sale
24
Sold Pended 21 19
18
18 17
18 17
17
16 15 14
14
12
12
6
5 3
3 2
2 0
0
1/17
2/17
2
1
3/17
4/17
0
5/17
6/17
2
2
1
1
3
3 2
7/17
8/17
1
9/17
1
10/17
1
11/17
12/17
DANBY VERMONT
2016
2017
% CHANGE
20
18
10%
$277,072
$220,750
20%
256
222
13%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
24
For Sale Sold
22
Pended
21 20
20 18
21
20
20
19
19
19
18
18
18
18
16 14 12 10 8 6 4 2 0
3 2
2 1
1/17
2
1
2
2
1
0
2/17
3/17
2
2 1
1
1
1
1
1 0
4/17
5/17
6/17
7/17
8/17
9/17
10/17
1 0
11/17
0
12/17
FAIR HAVEN VERMONT
2016
2017
% CHANGE
26
31
19%
$110,050
$105,474
5%
149
220
48%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
30 28 26
For Sale
26
Sold
25
Pended
24 22
22
22 21
20
20
20
20
19
19
19
19
18 16 14 12 10 8 6 4 2 0
5
5 4 3
2 1
1/17
3/17
4/17
4
4 3
1
1
2/17
4
1
5/17
6/17
3
2
2
7/17
4
1
8/17
1
1
9/17
10/17
1
11/17
1
12/17
HUBBARDTON VERMONT
2016
2017
% CHANGE
16
24
50%
$197,937
$149,766
24%
148
169
14%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
24
For Sale Sold
22
21 20
20 18
Pended 19
19 18
17
17
16
16
15
15
15
14
14 12 10 8
6
6
5 4
4 2 0
2
2 1
1
1 0
1/17
2/17
3/17
3
3
3
0
0
4/17
3 2
5/17
6/17
7/17
8/17
9/17
2 1
10/17
1
11/17
1
12/17
IRA VERMONT
2016
2017
% CHANGE
2
4
100%
$329,750
$125,375
62%
30
193
543%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
6
For Sale Sold 5
5
4
4
3
3
3
4
4
4
4
4
3
3
3
2
2
1
1
0
Pended
0
0
1/17
2/17
1
0
3/17
4/17
1
1
5/17
0
0
6/17
7/17
8/17
0
9/17
0
0
10/17
1
1
11/17
12/17
KILLINGTON VERMONT
2016
2017
% CHANGE
138
151
9%
$166,969
$184,149
10%
271
250
7%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
140
For Sale
139 134
134
132
Sold
131
130
126
126
Pended
126
124
121
120
110
110
104
100 90 80 70 60 50 40 30 20 10 0
14 11 6
6
1/17
17 11 10
11 6
2/17
3/17
4/17
8
5/17
17 11
12
10
15
14 16
17 14
15 16
14 16
10/17
11/17
12/17
6
6/17
7/17
8/17
9/17
MENDON VERMONT
2016
2017
% CHANGE
17
23
35%
$238,676
$164,817
31%
268
262
2%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
24 For Sale
22
Sold
20
20
Pended
20 18
18
16
16 14
15 14
14
13
14
13 12
12
10
10 8 6
5 4
4 2 0
3
0
1/17
1
2/17
1
1
2
1
3/17
2 1
4/17
5/17
2
2
2
2 1
1
6/17
3
7/17
1
8/17
2 1
9/17
10/17
1
11/17
1
12/17
MIDDLETOWN SPRINGS VERMONT
2016
2017
% CHANGE
6
9
50%
$171,833
$145,255
15%
199
161
19%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
20
For Sale Sold Pended
15
15
15 14 13 12
12
12
12 11
11 10
10 8
5
1
2
2
0
1
1
1
2/17
3/17
4/17
5/17
6/17
1
1
1
0
1/17
2
2 1
7/17
0
0
8/17
9/17
1
1
1 0 0
10/17
11/17
12/17
MOUNT HOLLY VERMONT
2016
2017
% CHANGE
30
35
17%
$176,771
$150,171
15%
423
455
8%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
50
For Sale Sold
45
Pended 41
40
40 37
37
37
38
37
35
35
32 30
30
30
28
25 20 15 10 5 1
0
1
1/17
3
2/17
3
2
3/17
3
3 1
4/17
5
4
5/17
1
2
6/17
3 1
7/17
2
3
2
3
2 0 0
0
8/17
9/17
10/17
11/17
12/17
PAWLET VERMONT
2016
2017
% CHANGE
27
25
7%
$200,551
$179,838
10%
286
203
29%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
24
23
22
For Sale
20
Pended
22
21
Sold
21 20
18 16
23
22
17
17
16
16
16
14 12 10 8 6
5 4
4 2 0
3 2
2
1 0
1/17
2 1
1
2/17
2
2 1
4/17
5/17
6/17
2
2
2
3
7/17
8/17
3 1
0
0
3/17
3
0
9/17
10/17
11/17
12/17
PITTSFIELD VERMONT
2016
2017
% CHANGE
10
18
80%
$106,484
$213,317
100%
239
260
9%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
24 22
21
21 20
20
For Sale
20
Sold 18
18
Pended
18 17 16
16
16 15
15
14
13
12 10 8 6 4
3
2 1
0
1/17
3
3 2 1
2/17
0
2 1
1
3/17
4/17
2
2
5/17
1
6/17
1
7/17
1
8/17
1
9/17
1
10/17
2
1
11/17
1
1
12/17
PITTSFORD VERMONT
2016
2017
% CHANGE
32
50
56%
$147,009
$201,569
37%
191
305
60%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
30 28 26
26
For Sale
26
Sold Pended
24
24
23
23
23
22 20
19
18
18
18
16
16 14
13
12
12 10
10 8
8
7
7
6 4
4 2 0
3
3
3
3
3
3
4 3
3
2
1
1
5
1
2
2/17
3/17
4/17
5/17
6/17
7/17
8/17
2 0
0
1/17
3
9/17
10/17
11/17
12/17
POULTNEY VERMONT
2016
2017
% CHANGE
33
32
3%
$141,766
$152,134
7%
292
229
22%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
50 47
46
45
45
For Sale 42
Sold
40
Pended
41
38
35 32
45
32
32
31
33
30 25 20 15 10 5 1
0
2
1/17
3 1
1
2/17
4
3
4
3
1
3/17
5
4
3 0
4/17
5/17
6/17
3
2
1
7/17
3
3
3
4
4 0
8/17
9/17
10/17
11/17
12/17
PROCTOR VERMONT
2016
2017
% CHANGE
25
26
4%
$134,022
$124,810
7%
221
150
32%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
20 18
For Sale
16
Pended
Sold 15 14
14 12
12
15
15
14
12
12 11
11
12
11
10 8 6 4
4
0
3
3
3
2
4
4
2 1
1/17
2 1
2/17
2
1
3/17
3 2
2
2
1
4/17
5/17
6/17
2 0
7/17
8/17
9/17
10/17
2 1
1 0 0
11/17
12/17
RUTLAND CITY VERMONT
2016
2017
% CHANGE
195
211
8%
$126,591
$134,675
6%
172
171
.6%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
120 110 100 90
For Sale
104
Sold
96 91
91
89
Pended 80
88
87
84
80
76
75 70
70 60 50 40 28
30
25 18
20 10 0
10
9
1/17
14
11
15
8
2/17
12
14
11
18
16 12
16
13
18 13 13
10
5
3/17
4/17
8 3
5/17
6/17
7/17
8/17
9/17
10/17
11/17
0
12/17
RUTLAND TOWN VERMONT
2016
2017
% CHANGE
55
55
0%
$192,370
$231,960
21%
176
184
5%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
34
For Sale
32
Sold
30
Pended
30 28
28 26
26
26
32
31 28
26
26
25
25
24
24 22 20 18 16 14
9
12 10
10
9
8 6 4 2 0
4
4
4
3 1
1/17
1
4
4
3
5
4
5
6
6
5 3
4
3 2
2
1
0
2/17
3/17
4/17
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
SHREWSBURY VERMONT
2016
2017
% CHANGE
21
10
52%
$193,847
$259,790
34%
211
81
62%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
20
For Sale
18
Pended
Sold
16
16
15 14
14
13
12
11 10
10 8
8 6
13
13
7
7
6
4
0
2
2
2
1 0
1/17
1 0
2/17
3/17
1
1
4/17
5/17
1
1
0
2 1
1
1
1
1
1 0 0
0
6/17
7/17
8/17
9/17
10/17
11/17
12/17
SUDBURY VERMONT
2016
2017
% CHANGE
11
8
27%
$171,512
$233,100
36%
154
134
13%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
10 9
For Sale
8
Pended
9
Sold
8
9
9
9
8
8
8
7 6 5
5
4
4 3
3
16
1
1/17
2
1
1 0
0
0
2
2
2 1
5
5
2/17
3/17
4/17
5/17
0
0
6/17
7/17
1
1 0
8/17
9/17
10/17
0
11/17
0
12/17
TINMOUTH VERMONT
2016
2017
% CHANGE
7
6
14%
$156,500
$291,000
86%
273
347
27%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
12 11
11 10
10
8
Sold
10
Pended
9
9
For Sale
9
9
8 7
7 6
6
5
5 4
4
4
3 2 1
1 0
0
1/17
1
1 0
0
2/17
1
3/17
4/17
5/17
1
1
1
1 0
0
6/17
1
7/17
8/17
9/17
10/17
1 0
11/17
0 0
12/17
WALLINGFORD VERMONT
2016
2017
% CHANGE
22
28
27%
$200,102
$164,657
18%
280
235
16%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
30 28
28 26
Sold
24
Pended
27 25
25 24
22 20
28
For Sale
21 20
20 19
18 16 14
14
13
12 10 8 6
6 4
5 3 2
2 0
4
4 2 0
1/17
2/17
3/17
3 2 1
4/17
5/17
1
2 1
6/17
2
1
7/17
0
8/17
2
2
9/17
1
10/17
2 1
11/17
1 0
12/17
WELLS VERMONT
2016
2017
% CHANGE
27
33
22%
$200,520
$187,668
7%
256
266
4%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
100 For Sale
90 80 74
70
Sold
82
80
Pended
67
74
72
72
75
65 61
60
58
57
50 40 30 20 10
9
8 3
0
19
18
4
1/17
2
2
2/17
5
3
3/17
9
11
11
13
12
9
11
9
6
5
10
9
7 4
0
4/17
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
WEST HAVEN VERMONT
2016
2017
% CHANGE
1
2
100%
$72,000
$189,750
164%
455
115
75%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
For Sale
5
Sold Pended 4
4
3
3
0
3
3
4
3
3
2
2
1
4
1
1
0
1/17
1
0
2/17
1
0
3/17
1
1
0
4/17
0
5/17
0
6/17
0
0
7/17
8/17
9/17
0
10/17
0
11/17
0
12/17
WEST RUTLAND VERMONT
2016
2017
% CHANGE
24
21
13%
$134,375
$127,676
5%
340
285
16%
NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET Source: TrendGraphix Data 2016-2017
NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (JAN. 2017 - DEC. 2017)
14 13
13
13 12
12
For Sale
12
Sold
11 10
Pended
11 10
10
10
9
9 8
8
8
8
7 6 5
5
4
4 3
3 2
2 1 0
1
3
2
2
2
2
1
1
1
1
1
1
2
2
1 0
0
1/17
2/17
3/17
4/17
5/17
6/17
7/17
8/17
9/17
10/17
11/17
12/17
MLS#4667063
SOUTHERN VERMONT
CHAMPLAIN VALLEY
LAKE WINNIPESAUKEE REGION
Mount Snow: 802.464.1200 Stratton: 802.297.1100 Manchester: 802.362.4551 Okemo: 802.228.4537 Bromley: 802.824.3113
Middlebury: 802.388.1000 Vergennes: 802.877.3232 South Burlington: 802.864.0541
Meredith: 603.677.7012 Wolfeboro: 603.941.1000
CENTRAL VERMONT Rutland: 802.774.7007 Stowe: 802.253.7267 Randolph: 802.565.8136
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