Is it likely that a home bought in a Shelburne a year would sell for less today? (nice central neighborhood)

Mike
Other/Just Looking
Shelburne, VT

Answers (2)
Dan Cypress
Agent
05401

I agree with what Mike said and I would add that it also has to do with the current climate of your neighborhood.

An understanding of what is for sale now, what has recently sold and what is under contract will help you understand how you should price your home given the unique conditions of your local market.
--
Dan Cypress
Realtor®, EcoBroker®, MBA
RE/MAX North Professionals
875 Roosevelt Highway
Colchester, VT 05446
cell.802.598.6219
office.802.861.3262
fax.802.655.0500
http://www.RealEstateVT.com

Tue Aug 4 2009, 11:50
Mike Conroy
Broker
Burlington, VT
FIRST ANSWER

Hi Mike -
The answer of course will depend on a few key questions.
How much you paid for it last year;
How quickly you may need to sell it now;
Any improvements you've made, cosmetic or otherwise;
Price level of the home - $200's will be different than the $600's for instance;

Pricing has declined a couple percent - on average - since a year ago. Not much, and some up a bit, some down a bit. So depending on your circumstances and the house itself, competition in the neighborhood, etc., you may expect to be close to a wash with last years numbers. Our market here is so small that it really will depend on the details.

Hope that helps. If I can help with particulars, or do the actual market analysis for you (no obligation), just let me know.

Thanks
Mike Conroy
Managing Broker - Conroy Couture Realty
Burlington VT
cell 802.363.3356

Mon Aug 3 2009, 06:17

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