My New Blog

We are looking at a much different real estate market now vs. a year ago, when the bottom fell out from under us in the stock market.

Without a doubt the $8000 tax incentive/credit has proven a positive force in the real estate market. While it encourages first time home buyers to buy, in turn these sellers now move up into the next level of housing.

Currently the $175000-$250000 market has certainly picked up as has the $250000-$395000. The $400000+ market is still soft, with a small amount of activity, especially in the eastern edge of Chittenden county.

My advice for sellers in this range is to look hard at what properties with comparable features, location, and square footage are selling for and be sure you are being competetive. Otherwise you will be in for a long wait, and you will be trying to chase the market down rather than setting the 'pace'.

It will be interesting to see if the government continues the tax credit to further enhance the activity in our real estate market.