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October 2020

October has been beautiful with amazing foliage that popped into full color. The pumpkin patches and apple picking are in full swing and we are enjoying the wonderful harvest produce. We know that the fall season is a perfect time for tourists to visit our amazing state and we are thankful that the hotels and Inns are open again to welcome them. It is also an opportunity for us to take a tour and relish in our own beautiful state and pretend to be tourists for a few days. One of my favorite drives is out through Underhill on Pleasant Valley
Road through the Notch or try south through Hinesburg on Route 116 to Route 17 in Bristol and Lincoln Gap.
The markets across the nation are experiencing different conditions than we are experiencing here in Vermont in many cases. Inventory has decreased over the last few years nationally, but that trend has slowed in many of the major metropolitan areas. Just outside of Boston the suburbs are seeing rising inventory. Our market is not seeing an increase in the single-family home inventory. Many of the major markets and resort markets have been experiencing high appreciation and incredible sales volume. They have seen a slowdown in their markets with the number of multiple offers and appreciation has tracked at a slower rate. The national news is reporting a slowdown this year in pending existing homes.
In Vermont we have not experienced a fast rise in prices and sales and have been on a steady pace for the last 4 years. We have seen appreciation and higher prices finally come to the Burlington and our region, the Northwestern Vermont Market.
In 2015 we had our first year of great sales and that year brought us out of the recession with 1284 single family homes closed in Chittenden County. The numbers of homes closed did not surpass the volume of 2015 until 2019. 2020 sees that there are 939 homes already closed in Chittenden county and we are on track to exceed the 2019 numbers.
The late fall through the early winter market is historically a slower time of the year for real estate sales. However, this year we did not have a slow summer and have rolled right into fall with brisk sales and showings. We see that there are serious buyers that have a true need for a home, land for a new home to be built or a desire to pick up investment properties for tax benefits. Single family homes, condominiums or multifamily homes are all attractive investment vehicles. If you are thinking of selling an investment property, let us help you go over your options including 1031 exchange possibilities.
Here at the Nancy Jenkins Team, we have closed or pended over 199 properties through early October and are looking forward to a strong finish to 2020.
If this is your time for a move call us today.
Nancy and the Nancy Jenkins Team

This Month’s Coupon:

Featured Listing!

Underhill – $425,000

Furnished Log home in Underhill overlooking the most breathtaking mountain views in Vermont.  Enjoy the seasons from your front porch or hiking around on 11 acres of paradise.  This one level home features an open concept design.  Our spacious mudroom is perfect for every Vermonter’s needs.   The bright sunny living room and eat-in kitchen are perfect for entertaining with a central fireplace featuring a slate surround.  Hardwood floors in living and dining rooms.  Three bedrooms and one full bath complete the main floor with attention to detail and beautiful craftsmanship.  2 car detached garage.  The perfect place to x-country ski, snowshoe or hop on one of the privately maintained mountain bike trails.  This is the perfect house to get away from it all yet be close to town and a short commute to downtown Burlington and the ski resorts.  Underhill is known for its vibrant festivals and is a close-knit community.  A wonderful place to call home or call your second home.

  Click Here For More Information

“The Nancy Jenkins Team has delivered for me and my family many times over the years. We value their efficient, pro approach to buying and selling real estate….and they’re FUN to work with! Recently I sold my home of 40 years. Nancy provided “real estate therapy” to help me through the emotional journey! The house sold in 10 days!”
Katy Lesser – October 1st, 2020

Special Thanks to Friends Who Sent Us Their Friends!

Brady & Amy Hoffman, Lisa & Steven Stetson, Jennifer Simpson, Shauna Pelkey & Chelsea Draper

©2020 Nancy Jenkins Real Estate

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