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Newsletter

April 2021

A Beautiful Spring is underway! Spring came early to the Champlain Valley and we love it. We are all enjoying the early burst of warm weather, the flowers starting to bloom and the budding trees. The real estate market is enjoying a great start to the year. The coronavirus pandemic rushed in last year and the good news now is that we look like we are seeing the light at the end of this long
tunnel. The rules for out of state buyers coming in to look at homes is now manageable with no quarantine requirements with a negative test within three days of arriving to Vermont.
Let me share some current facts and information with you. We still have the same supply and demand issue that we had last year with the number of available homes at low levels and the number of buyers at high levels. I am expecting a surge in activity this spring
because of pent up demand and believe the number of homes that sell this year will be right on track and may surpass our recent highs. Home inventory is showing signs of improvement in many areas of the country and we should see that here as well. During the last year we had corporate relocations put on hold and those are now opening and folks who held off moving because of the Covid-19 restrictions are now feeling more comfortable putting their homes on the market.
Did you know that there is a 10-year shortage of new construction? Did you know that the interest rates are around 3% now and lenders have modified requirements for some loans and are eager to lend? A fact that is good for so many people is with home equity at a high, homeowners have resources to draw on to help them as they shift to a larger home, downsize, purchase investment properties or buy that vacation home they have always dreamed of.
We knew that folks would still have the need to buy and sell real estate during the last 12 months. We found that our investment in online marketing with our ability to display homes to buyers across the globe using 3D virtual tours was crucial and a boon to the buyers, both local and out of town. The Matterport system that we have used for the last few years gives the buyer the ability to virtually walk through the property as well as to see both floorplan and dollhouse modes. This made a huge difference for our sellers who were able to have an edge on their competition. If this is your year for a move, call our team today!
The Nancy Jenkins Team had our systems in place, and we moved to working remotely but are very much in touch from home during the past year. Many of the practices that evolved will be standard practice now as it has made the process of buying and selling real estate easier and more accessible to all. On a more personal note we want you to know we are here to support you, our clients and friends and our community. Let us all work together to support each other as we continue to our return to the normal life we all are craving. Hugs and gatherings will be in full bloom this summer.
The 24th annual Nancy Jenkins Scholarship for two deserving high school students is underway! For details and deadlines, visit www.nancyjenkins.com/scholarship
Nancy and the Nancy Jenkins Team

This Month’s Coupon:


Featured Listing!

Burlington – $419,000 -4 bedroom Burlington home right in the heart of the city’s sought after Hill Section. Step right in from the gated front onto the covered porch perfect for an alfresco meal. First floor features bedroom and a full bath. Large front living room with wonderful natural light. Big open kitchen complete with ample cabinetry and a large island perfect for entertaining. The attached bright and sunny den features a Jotul gas stove and steps right out onto the custom stone patio featuring a gas grill with direct hookup. The perfect little backyard to get away from it all. The 2nd floor boasts a second full bath and 3 additional bedrooms. Could use 4th bedroom as a sitting area or office complete with wired ethernet leading to large suite. This home features a newer heating system and central AC. All major systems have been updated and move-in ready. Great walkable community just down from the hustle and bustle of Church street. Moments from everything including UVM Medical and the Lake Champlain Waterfront.

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CLIENT TESTIMONIAL
“Andrea Hossley is patient, kind, and wonderful! She helped us find our first home.
We couldn’t have done it without her!”
– Kelsey Rumley

Special Thanks to Friends Who Sent Us Their Friends!

Vitalie Leamzin, Amy Brennan, Mari Siegrest-Jones, Michelle Brewster & Jon & Kirstin Van Luling

©2021 Nancy Jenkins Real Estate

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