We are at an all time low for inventory since 2003! As of today in Chittenden County, we have 146 active listings. 26 are active with contract, and 91 condos are pending. There are only 42 active condo listings under the $250,000 price point. Out of these 42 condos, 17 of them do not allow dogs, leaving you with only 25 condos to choose from! If you have more than one dog, you are picking from a WAY slimmer selection...
Here is a little more about the pending condos we have right now.. Out of the 91 that are pending, 24 of these took less than 10 days to go under contract. 11 of them took between 11-20 days to sell, and 6 more took less than a month.
What does this mean for you? You have got to have a Realtor helping you in your search. We are seeing multiple offer scenarios play out with almost every transaction. The good condos are flying off the market. Any new bit of inventory is flooded with showings. You and your Realtor need to act swiftly.
What can help you and me in today's market? You MUST be pre-approved. That is the absolute first thing that you must do before going out to shop. It's way too busy to go out and ask homeowners to leave their home when you aren't ready. Even if you are sure you can get pre-approved, just go. It will take you one more day to get that letter. Be prepared, you never know if that first condo you see is going to be the one.. It could be sold to the next person to walk through that door..
Please tell your Realtor ahead of time that you have dogs. If you aren't allowed to have dogs in the condo association, it is not worth going to look at the condo.
You need to be flexible in your showing times. Today, you can't wait the week to go see something this weekend. That condo just might not be there.
Check your emails, I will be sending you alerts, with these new condos coming up, as soon as I see them, so if you are ready to go, let's do this!
Get in touch with me, I'm ready to work for you!
Author:Ryan Miller Phone: 802-999-6983 Dated: March 31st 2016 Views: 253 About Ryan: Coming from a family with countless years of real estate experience, I knew my calling early. After ...
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