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    May 2023

    Our long and very cool spring has beautifully bloomed this month. We are enjoying the sunny days, flowers growing in abundance, green grass, and warm breezes. It’s time to welcome graduation season, Mother’s Day, and the beginning of summer!

    The spring real estate market has also been warming up. As of May 1st, we saw an increase in inventory of 23.5% for available single-family homes in Chittenden County compared to May 1st, 2022. Available condominiums saw an increase of 31.6% over last year. While still a low supply, this increase coupled with 30-year mortgage rates hovering just above 6% are giving buyers options. We have a steady and healthy market, homes in all price ranges are seeing an abundance of showings and very strong competition from buyers.

    In April, we saw 87 new listings, 75 deposits and 54 sold for single-family homes. Of those 87 new listings, 75% of them are now under contract. Even with inventory slightly rising, it just isn’t staying around long enough to be counted. New construction is increasing as well as land and investment properties.

    The average sales price for single-family homes in Chittenden County has reached $588,675 for this year compared to $593,018 for 2022. As we continue on through 2023 we expect the average sale price to rise and surpass the average sale price for 2022. When looking at the last 12 months we see a list to sale price ratio of 103.8%. As we move into the busier months, we expect this trend to continue as historically we have seen higher average sale prices in the summer and early fall months.

    Are you thinking of selling? Our listing/selling partners would love to meet with you to discuss our extensive marketing and expert care and knowledge. From our 3D Matterport Virtual tours to our in-house drone photographer, we are invested in showing your home in its the best light and getting you the best results. Who you hire…matters!

    We are looking forward to a gorgeous Vermont summer and the return of the local famers markets. Our beautiful lakes are warming up and soon we will be having summer fun hiking, biking and gardening. The Discover Jazz Festival will be here in early June as well as adventures at Shelburne Farms, visits to our local beaches and State Parks, kayaking and boating and amazing summer sunsets. Take a
    sunset cruise on the Spirit of Ethan Allen or perhaps a Lake Champlain Ferry trip to quaint Essex, New York.

    Enjoy the summer and if 2023 is your year for a move, now is the time to call our team!

    Nancy and the Nancy Jenkins Team

    This Month’s Coupon:


    Featured Listing!

    Burlington – $650,000

    Luxury downtown Burlington penthouse! Natural sunlight fills this spacious top floor two-bedroom, 2-bathroom unit. This unit is move-in ready, freshly painted, and all carpets have been professionally cleaned. Featuring large windows, a breakfast bar, and a private deck just off the living and dining area with breathtaking views of Lake Champlain & downtown Burlington. The primary suite boasts two large closets and a full bath with dual sinks. The second bedroom also has substantial closet space and is just across the hall from the second full bath. Includes in-unit laundry, private storage, elevator, and central air. Comes with one assigned parking spot in the underground gated parking garage as well as another assigned parking spot in the private lot. The HOA fee includes landscaping, snow and trash removal, water, sewer, heat & hot water. Conveniently located in the desirable Burlington Hill Section, just steps from the UVM campus and medical center and a short walk to the waterfront and Church Street restaurants & shops.

    Click Here For More Information

    Client Testimonial:

    “It was an absolute pleasure to work with Vera from Nancy Jenkins to purchase our house. She was very thorough and very knowledgeable about the process and helped us throughout our journey to find our perfect home. She answered all our questions with utmost patience and helped us connect with the right resources wherever needed. We recommend her to anyone who is looking to find the right home for them.” – Alaknanda Mishra


    Special Thanks to Friends Who Sent Us Their Friends!

    Michelle Kirby, Nina Reinhardt, Sam Gerlack, Kraig Couture & Andrea White

    ©2023 Nancy Jenkins Real Estate

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