Burlington Vermont Real Estate
2009 Year End Foreclosure Report for Burlington Vermont Real Estate
February 4th, 2010
Burlington Vermont
Vermont continues to have the lowest foreclosures of any state in the entire United States. Recent information reported by Bloomberg BusinessWeek indicate that Vermont has suffered the least with ONLY 143 foreclosures in the entire state for all of 2009!
RealtyTrac, in its monthly report from December 2009, reported that only 6 homes in all of Chittenden County (includes 17 towns around and including Burlington VT) went into foreclosure or 1 in every 10,479 housing units.
Put another way, The Vermont Housing Finance Agency (VHFA.org) reported from the Bloomberg.com website that as of January 29th, 2010, Vermont had the lowest foreclosure rate in the country at 0.04% of all homes in the state. The Bloomberg article went on to report that Vermonters are avoiding the foreclosure mess in part owing to traditions of "thrift, modesty and self-reliance - bolstered by laws that protect buyers and land".
In addition, the article went on to say "state and local laws discourage the kind of speculation that spurred development in some states, said Robert Hill, executive vice president of the Vermont Association of Realtors in Montpelier. "If a site for home construction is found to be on prime agricultural soil, the project is halted. The house must be built elsewhere, other land must be purchased and put in a trust as an offset, or the builder must go to court to seek clearance," he said.
Hill continued saying, “The permitting process is extremely difficult to maneuver in Vermont.” “Any developer or builder has to make a significant investment of time and effort. You just can’t come in here and throw stuff up overnight.”
Whatever the reasons, tiny Vermont (pop. 621,270) leads the nation in a category we can be extremely grateful for. With stringent environmental and zoning laws on the books for decades supply has been kept low. This enraged developers looking to make a fast buck during the go-go years. Hill added, as a result, "demand has outstripped the supply of housing. With no surplus of homes, prices didn’t collapse (like in many other states) when buyers decreased," Hill said.
If you are considering listing your home for sale or buying a home, condominium or other real estate in Burlington, Vermont, please give me a call or email me to discuss the market and your options. I would be delighted to assist you. I can be reached on my direct line at 802.238.5256 or email me at Chris@ChrisHurdVT.com
Armed with solid numbers, buyers and sellers alike can manage their expectations and the current realities of our local market.
As always, please feel free to post any thoughts and comments right here on Hurd's The Word
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Burlington VT Real Estate Annual Market Data & Trends for all of 2009
January 27th, 2010
Burlington VT
Based upon information provided by the Northwestern Vermont Board of Realtors (NVBR) as of today for all of 2009, there were 276 single family residential and condominium units sold within Burlington Vermont with a total sold volume of $70,919,923.
These numbers represent a 26.03% increase in the number of units sold from the same time period one year earlier (1/1/09-12/31/09). Divide this number by the units sold (276) and you get an average sale price of $256,956. These numbers represent a 11.16% decrease in the average sales price from the same time period one year earlier (1/1/09-12/31/09).
Average days on the market for all these 219 properties was 74 compared to 75 one year earlier or 1.33% longer on the market.
If you are considering listing your home for sale or buying a home, condominium or other real estate in Burlington, Vermont, please give me a call or email me to discuss the market and your options. I would be delighted to assist you. I can be reached on my direct line at 802.238.5256 or email me at Chris@ChrisHurdVT.com
As always, please feel free to post any thoughts and comments right here on Hurd's The Word
Armed with solid numbers, buyers and sellers alike can manage their expectations and the current realities of our local market.
(These figures include sold numbers for single family residential and condominium only in all the towns which comprise Chittenden County, Vermont only. All information deemed reliable but not guaranteed by Vermont Real Estate Information Network which supplies these figures.)
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Appletree Point is a Great Neighborhood in Burlington VT (Real Estate)
January 25th, 2010
Burlington VT
No other neighborhood in Burlington Vermont can boast about the infrastructure and amenities that Appletree Point and its Association provide. Not one.
Price points range from over a million to be right on the lake with a single family home, to the $350,000 to $600,000 range for single family homes not right on the lake, to high $200's for a townhouse. Appletree Point also has a well run Association with affordable cost effective association fees.
The list of amenities is long for this neighborhood. Sandy private beach on Lake Champlain with a gradual descent into the lake make it ideal for swimming or launching kayaks/canoes. Two swimming pools set at either end of the neighborhood cater to families during the summer months. The City of Burlington has a public park which includes a baseball diamond, several hardcourt tennis courts, a basketball court and toddler playground.
Appletree Point is located off North Avenue about 2.5 miles north of downtown Burlington. The road into this neighborhood is not a "through road." Coming into Appletree Point is THE destination. Thus, the vast majority of people coming into this area are its residents not people commuting through or just driving around.
The area is within a half mile of the Burlington Bike and Recreation Path which runs along Lake Champlain for cycling, rollerblading, running and walking in the milder months and walking, snow shoeing and cross country skiing in Winter.
If you are considering buying in Burlington be sure to consider this fantastic neighborhood.
If you are considering listing your home for sale or buying a home, condominium or other real estate in Burlington, Vermont, please give me a call or email me to discuss the market and your options. I would be delighted to assist you. I can be reached on my direct line at 802.238.5256 or email me at Chris@ChrisHurdVT.com
As always, please feel free to post any thoughts and comments about downsizing right here on Hurd's The Word.
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The State of Burlington VT's Business Sector
January 13th, 2010
Burlington VT
What is the future for Burlington Vermont and business development? This and many other questions were raised and addressed recently.
Last week, I attended the 8th annual Business Summit sponsored by the Burlington Business Association (BBA) hosted at Champlain College. The summit brought business people from across the area together to hear three lecturers discuss the past, present and future for our city and to brainstorm in breakout sessions what needs to be done to keep Burlington vibrant, creative and growing.
Several statistics presented at the outset bear repeating and amplification. The unemployment rate in Burlington VT stands at 5.4% compared to the national average which stands at 10%. I found that to be a startlingly positive number. In addition, the vacancy rate for homes and residential rentals stands at 3.08% (amongst the lowest in the USA - AOL Real Estate). These figures are simply outstanding at a time of great difficulty faced by scores of other communities across the United States.
As the keynote speakers concluded, one in particular stood out above the rest for her outspoken and positive take on what is going on at the "street level" in Burlington and in the State of Vermont.
Liz Robert is the CEO of Terry Precision Cycles, a company which has pioneered several innovations aimed at improving the quality of cycling for women. Robert's list of business accomplishments is deep and she spoke with great confidence and reverence for what attracted her to very recently relocate her company from Rochester NY to Burlington VT.
Robert recited in short order a list of reasons why such a relocation at first blush made no sense financially. The costs of doing business in Burlington were significantly higher. She cited higher home prices, medical insurance premiums and tax rates as obstacles yet she continued to ask herself "should I relocate my company to Burlington?".
In the end, Robert concluded that Burlington VT offered a climate of "creative energy" that simply did not exist in Rochester NY. She added "people are passionate in Burlington about what they do both from a work, play and socially concious center. People here like to engage in debate as a community and ask the tough questions to help derive better answers and results. She continued underscoring that there is a "powerful visual aesthetic" that adds to the exceptional quality of life. People here have a greater sense of "purpose, mission, tolerance and an independent mindset" that is lacking in other places.
Lastly, Robert concluded her remarks by saying "moving to Burlington makes you work hard. You end up working more than just for the almighty buck. It makes you willing to defy the odds of taking a startup to success."
When asked about Burlington and the state of Vermont's reputation for lack of incentives for business owners she emphatically decried, "It's simply not true. The business community here has a really well-oiled machine at its disposal. The state of Vermont really steppped up to the plate to help get us here."
All of these factors, she reasoned, would help her attract and retain quality employees much more so than the vibe which existed in Rochester.
"Rebuilding economies is about entrepreneurship," said Robert. "It's about entrepreneurs taking the initiative and working with regulators. It's up to us. It's up to businesspeople like ourselves to step up to the plate to do the hard work."
Stay tuned here at Hurd's The Word for more information from the breakout sessions from the Burlington VT Business Summit as additional details are forthcoming.
As always, please feel free to post your thoughts and any comments about The State of Burlington VT's Business Sector right here on Hurd's The Word
If you are interested in purchasing a home in and around Burlington Vermont, please call me on my direct line at 802.238.5256 or email me at Chris@ChrisHurdVT.com
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Burlington Vermont Celebrates First Night
January 6th, 2010
Burlington, Vermont
New Year's Eve celebration (called First Night ) in Burlington Vermont rocks! If you haven't been to a First Night in Burlington yet, keep it in mind to check it out next year. This year was the 27th year Burlington's First Night has been celebrated and it was better than ever. Where else can you pay $15 to get into so many, many venues? Okay, a few of the choice concerts at the Flynn Theater added $3 more to the night per person per event but it's laughable how much fun can be had for such a modest outlay.
For a brief history, First Night originated in Boston Massachusetts in 1976 by a small group of artists who sought an alternative way of celebrating New Year's Eve, creating an event where the consumption of alcohol is banned. First Night is an indoor/outdoor artistic and cultural celebration which occurs from afternoon until midnight. The intention of First Night is to celebrate that community's local cultures often showcasing music, dance, art, comedy, parades and fireworks.
This year's relatively mild weather brought out lots of revelers. Snow covered streets, sparkling Christmas lights twinkling on Church Street, smiles on passersby scurrying to their next event while chatting up what they had just witnessed created an energy of joy and community. You just couldn't help but feel it. All events are suited to young ones and the young at heart too. There truly is something for everyone.
This year my gang and I saw an amazing comedy act from a guy from Hardwick. Hardwick? Hello! This fellow was a former Cirkus Smirkus clown. He was wonderful. His act was really funny as he involved members of the audience from little kids to a coupla dads in his acts. Charming and hilarious with a bit of daring, he received a standing ovation.
From there we went down to the Flynn Space to hear Gregory Douglass. Unfortunately, the sound wasn't great and it was hard to hear him so that felt a little disappointing.
Next, we popped into Ali Baba's Kabob Shop for some felafel to take the edge off our hunger. The place was jam packed and the food was absolutely yummy.
Onward, we went to the Main Stage at the Flynn Theater to watch Kilamanjaro and the Unknown Blues Band with Sondra Wright kick it into high gear. Once that swing beat locked in, my sweetheart and I could contain ourselves any more and we danced five smokin' songs in the aisles. How much fun is that?
Hot and sweaty, we left the Flynn to take a Brazilian dance lesson with Sambudacada drummers who wrought their wild South American beat upon us. I was dripping. It was so much fun to see so many smiling faces, young and old side by side, all having such a great time.
Last, we wandered back into the refreshing cold air to ready ourselves to hear the Bluegrass Gospel Project. This group is amazing. Guitar, mandolin, bass, banjo, harmonizing vocals and a female lead singer with an alto voice as sweet as honey. She and they were so phenomenal it was hard to believe and they received two standing ovations. There were some folks behind me from Los Angeles California who were in utter disbelief at how great this band sounded.
All in all, we had tuckered ourselves out, felt satiated and ready to head home. But what a great way to have rung in 2010! Great memories. Ran into lots of familiar faces throughout the afternoon and evening. And best of all, no hangover to start the New Year.
Take my advice. Give First Night in Burlington Vermont a try next year (First Night buttons make great stocking stuffers). Dress warmly and in layers. You won't regret it one bit.
As always, please feel free to post your thoughts and comments about First Night here on here at Hurd's The Word or go to my website at Burlington Vermont Real Estate.
If you are interested in purchasing a home in and around Burlington Vermont, please call me on my direct line at 802.238.5256 or email me at Chris@ChrisHurdVT.com
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Burlington VT During The Holidays
November 23th, 2009
Burlington VT
My hat is off to all the folks who work so unbelievably hard in the city of Burlington Vermont to make the holidays so festive and fun for the rest of us. In a couple more days, the annual flick of the switch to light the Christmas tree at the top of Church Street and all the gazillions of little Christmas lights up, down and around the Church Street Marketplace will set winter in motion.
I love going down to Church Street for a stroll anytime of year but it's this time of year that moves me the most. Is it the music playing? All those pretty lights? Hot chocolate at Ben & Jerry's with freshly made whipped cream topped off with cinnamon? Walking into stores to warm up and contemplate? A relaxing dinner by a cafe window watching the snowflakes tumbling down?
This year I'm planning to get a running head start on gift buying. In reality, I want to get it out of the way so I can enjoy the specialness only this time of year affords. I look forward to saying "hello" to passersby on Church Street. I'll relish the romance of a stroll arm in arm with Nathalie and our kids all barely recognizable with thick wool hats and coats, scarves, gloves and our newest warm wool socks.
I think of going to see "A Christmas Carol" at the Flynn Theater. They always have such a memorable performance with that wonderful cast year after year. I hope we get a BIG snowstorm on that night. I remember the time we came out of the theater to 18 inches of snow. My kids and I helped all the people in the parking area around us sweep off their cars before we did ours. It just felt good to do that.
Carolling through neighborhoods in Shelburne, South Burlington, Charlotte and all the rest puts me in such a great mood.
Getting lucky under the missletoe (how great would that be?)...
And then it comes down to finding just the right tree. This year it'll be a toss up as to whether I go cut one and drag it home the way we all used to or go down to the Boy Scouts' spot in Shelburne Village where they always have such beautiful trees.
Whatever makes your heart sing at this time of year, sing loudly. Dance in the street with your sweetheart if you feel like it. I did in Boston recently and I/we'll never forget it.
Enjoy these next few weeks! Enjoy all these moments with children and family and those we love.
If you are interested in purchasing a Home in and around Burlington VT, please call me at my direct line at 802.238.5256 or email me at Chris@ChrisHurdVT.com
As always, please feel free to place your comments about the holidays here at Hurd's The Word or go to my website at Burlington Vermont Real Estate.
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Making Sense: Burlington Vermont's Foreclosure Rate Update
October 29th, 2009
Burlington VT
I was interviewed by CNN/Money.com this past Tuesday to comment on the foreclosure filing increases over the past few months being recorded in the Burlington metro region. The reporter, Julianne Pepitone, asked me several questions about our real estate market. The gyst of her reporting indicated that the Burlington metro area has had a significant increase in foreclosure filings. She juxtaposed Burlington's numbers with four other larger metro areas that had had major foreclosure increases lumping these areas together in a manner that suggested something more dire.
Further, last week, Vermont Public Radio (VPR) interviewed a Statistics Professor, Vince Bolduc, from Saint Michael's College in Colchester VT on how perverted the Vermont statistics are given that we have such a small population base. Actual numbers of foreclosures in the Burlington metro market per month have risen from 10 per month up to 12 per month. These numbers are hardly anything to be alarmed about.
In fact, Vermont as a state as recorded on June 11th, 2009 had the lowest rate of foreclosures of any state in the entire United States. Now that is something we can be proud of on a number of important levels. (These statistics were compiled by RealtyTrac (www.RealtyTrac.com), the nations leading source for online foreclosure properties.)
In addition, RealtyTrac reported that 1 in every 357 households nation-wide received a foreclosure filing in August 2009. Vermont's foreclosure filing rate was 1 in every 9,437 in that same month. However, in July 2009, it was 1 in every 28,312 a 200 percent change from July and an 83.3 percent change from August 2008. When these statistics are examined more closely, we can see the percentages may be startling but the actual numbers are not.
We all know our economy is hurting and hurting badly in specific areas across our country. We need reporting accuracy, not hyperbole and a steady hand on the tiller combined with our resourcefulness and resiliency. Vermont has so far weathered this economic storm admirably.
If you are interested in purchasing a Home in and around Burlington VT, please call me on my direct line at 802.238.5256 or email me at Chris@ChrisHurdVT.com
As always, please feel free to place your comments at Hurd's The Word or go to my website at Burlington Vermont Real Estate.
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First Burlington Vermont Realtor Earns NAR’s New Green Designation
October 19th, 2009
Burlington VT
The National Association of Realtors (NAR) awarded Chris Hurd its newest Green Designation over the weekend. Mr Hurd is the first Realtor in Burlington Vermont and Chittenden County to have achieved this distinction. He is one of only 9 Realtors across the entire state of Vermont who have fully completed NAR's education/certification process and become fully certified.
Mr. Hurd recognizes that Green Real Estate is altering fundamental market dynamics. Studies now show that two-thirds of consumers are paying attention to green homes and buildings; they recognize the link between green properties, cost savings and healthy living. Chris seeks to be a positive force for change with his clients and within his community as NAR's newest Green Designee.
NAR's Green Designation is a real estate designation designed for residential, commercial and property management professionals looking to green their businesses and their lives. When you earn NAR's Green Designation, you'll gain:
- A comprehensive understanding of what it means to go green and the concerns of consumers seeking green knowledge about real estate
- Valuable real estate education that broadens your abilities in the eyes your clients, prospective clients and associates
- Enhanced ability to participate in the green real estate market
- Ongoing specialized training and resources that help you stay on top of green real estate issues and trends
- Access to customizable members-only marketing tools to help you build your business and gain a competitive edge
If you are interested in purchasing a Green Home in and around Burlington VT, please call me at my direct line at 802.238.5256, email me at Chris@ChrisHurdVT.com or post your comments at Hurd's The Word or go to my website at Burlington Vermont Real Estate.
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The Best Neighborhoods in America: The Five Sisters in Burlington VT
Men's Journal magazine in their June 2009 issue listed the thirty best neighborhoods to live in in America. They noted that "a neighborhood with real soul can make a vibrant city even better. And enclaves of unique vitality can breathe life into unsung workaday towns. No matter where you live, finding just the right 'hood is what really makes a place home."
With names like Catherine, Charlotte, Caroline, Margaret and Marion you'd think I'd be giving you the list of dates my rambunctious neighbor had last week alone. But in all seriousness, this is the neighborhood known in Burlington Vermont as the "Five Sisters." Located about a mile's walk south of the Church Street Marketplace, Burlington's hub, and about a three quarter mile walk to Lake Champlain, this neighborhood has a lot to offer.
Sleepy, quiet and close to it all including the University of Vermont, the Five Sisters neighborhood is highly sought after. Homes, when they come on the market, last for a very short time. If you are lucky enough to be in the right place at the right time, you just may wind up being counted as one of her fortunate residents.
All within walking distance, one can easily find yoga studios, coffee shops, bakeries, gourmet food markets, breakfast, lunch and dinner places and lots more. On Saturday's, there's the Farmer's Market in downtown Burlington's City Hall Park.
Typical homes are kinda bungalowy with friendly front porches and many have been renovated. It is not at all uncommon to buy in this area and see intrepid renovations quickly underway. The scale in this established neighborhood seems to feel familiar in that special way. You know what I mean. It just feels right. Small, tree lined streets, kids headed to the nearby park, people on bicycles... It feels real, not contrived.
If you are interested in purchasing a home in the Five Sisters neighborhood of Burlington Vermont, please call me at 802.238.5256 or email me at Chris@ChrisHurdVT.com
As always, please feel free to place your comments here at Burlington Vermont Real Estate Blog or go to my website at Burlington Vermont Real Estate.
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Burlington VT Ranked #1 by Children’s Health Magazine
September 24th, 2009
Burlington VT
Having lived here now going on 31 years, I am always excited each time Burlington and Vermont are recognized by independent organizations for the extraordinary quality of life we are so lucky to enjoy. Over these many years, this area has been recognized on so many levels I have simply lost count. It is a great testament to the quality of the people in this state and in the Burlington area that invest themselves so wholeheartedly into making this area so vibrant and special. We are truly blessed.
Having said that, another honor has now been bestowed upon Burlington. Children's Health Magazine (CHM) has just ranked Burlington Vermont as the #1 place in the United States to raise a family. ( http://ow.ly/psk0 )
Citing school per pupil spending and graduation rates near the top in all the United States coupled with a high percentage of the population having earned advanced degrees and a high median family income level as strong indicators of overall great health and a well educated population.
Additionally, an educated population by and large also enjoys better health and Burlington seems to fit that trend as well.
CHM notes Burlington has the lowest obesity rates in the country. Having the fewest fast food restaurants per capita and possibly because of the many outdoor recreational pursuits many of its residents enjoy seasonally and the importance of local, organically produced produce, meat and poultry, The Queen City continues to blaze her path of excellence.
Congratulations Burlington!
Call me at 802.238.5256, email me at Chris@ChrisHurdVT.com or post your comments at Hurd's The Word or go to my website at Burlington Vermont Real Estate.
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Summer 2009 Top Ten Fun List for Burlington VT
My completely random, highly subjective FUN LIST of things to do this summer in the Queen City. Enjoy and, MOST OF ALL, have fun!!
PLEASE add your own favorites to this list by placing your comments here at Hurd's The Word. If you have questions about buying a home or property, please call me at 802.238.5256, email me at Chris@ChrisHurdVT.com or go to my website at Burlington Vermont Real Estate.
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Burlington VT Real Estate Annual Market Data & Trends for all of 2008
Based upon information provided by the Northwestern Vermont Board of Realtors (NVBR) as of today for all of 2008, there were 219 single family residential and condominium units sold within Burlington Vermont with a total sold volume of $63,344,919. These numbers represent a 29.58% reduction in the number of units sold from the same time period one year earlier (1/1/07-12/31/07). Divide this number by the units sold (1332) and you get an average sale price of $289,246. These numbers represent a 5.49% INCREASE in the average sales price from the same time period one year earlier (1/1/07-12/31/07).
Average days on the market for all these 219 properties was 78 compared to 67 one year earlier or 16.42% longer on the market.
Armed with solid numbers, buyers and sellers alike can manage their expectations and the current realities of our local market.
Call me at 802.238.5256, email me at Chris@ChrisHurdVT.com or post your comments at Hurd's The Word or go to my website at Burlington Vermont Real Estate.
(These figures include sold numbers for single family residential and condominium only in all the towns which comprise Chittenden County, Vermont only. All information deemed reliable but not guaranteed by Vermont Real Estate Information Network which supplies these figures.)
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2009 Banff Mountain Film Festival World Tour Comes to Burlington Vermont
This Friday and Saturday night, February 6th and 7th, The Banff Mountain Film Festival's World Tour returns to Burlington, VT. Showtimes each night begin at 7pm and tickets are $12 and $10 with student ID. The event takes place at the University of Vermont's Ira Allen Chapel. Tickets can be purchased in advance at the SkiRack in Burlington at 802.658.3313 or at the door, if tickets are still available.
The Banff Film Festival World Tour http://www.banffmountainfestivals.ca/tour/unitedstates/locations/newyork.asp
The World Tour brings a selection of the best films from the Banff Film Festival located in Banff, Canada, a stunningly beautiful mountain town in the heart of the Canadian Rockies. The Banff World Tour generally offers about 30 films, including many of the Film Festivals Award Winners in a variety of subjects, styles, lengths and activities.
Having attended this event in previous years, I can promise this is a great night of fun, thrills, beauty and reverence of outdoor life.
Whether you're an experienced mountaineer, weekend warrior or couch potato adventurer, this event is for everyone. (I have brought my children when they were 7&8 years old and they loved it) Don't miss out on all the fun and excitement this weekend!
See you there!
Call me at 802.238.5256, email me at Chris@ChrisHurdVT.com or post your comments at Hurd's The Word or go to my website at Burlington Vermont Real Estate.
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UVM Parents Interested in Buying Investment Property in Burlington VT
It’s that time of year for mad purchasing for dorm rooms. The have to have’s in what’s hip in the latest clothing. Haircuts. The University Bookstore. Meeting so many new faces, getting settled and all the rest…
Burlington is a great location for purchasing an investment property for your son or daughter and recouping your investment when they graduate. I have worked with parents/families over the years to find just the right property.
Read this recent testimonial:
“My husband and I live out of state in Connecticut and our son attends the University of Vermont. During our first visit to Burlington Vermont, we fell in love with the area and decided it would be a good place to purchase an investment property. At that time, we knew basically nothing about the area and by sheer luck became connected to Chris Hurd when we Google searched for a realtor who could represent us. Chris was sensitive to our many concerns about purchasing and renting a property from out of state. He realized we needed to proceed cautiously. He quickly understood our wants and needs and found properties that we liked and would require very little maintenance. We did not have time to waste and Chris was very efficient and thorough. Chris is an extremely ethical and responsible person and my husband and I would highly recommend him as your realtor. We found Chris to be a genuine person who filled all our needs and requirements.”
Stan & Nancy Mikrut - Southbury,
Read the following recent remark from the National Association of Realtors:
“VERMONT AT THE TOP OF SALES RECOVERY. NAR Chief Economist Lawrence Yun reported last week at the Annual Leadership Summit in Chicago that Vermont is in the top ten states for sales recovery. “
I have lived in the Burlington area for over 29 years. Burlington Vermont is a great community. Full of cultural activities, shopping, great restaurants, nationally recognized educational institutions with all the qualities that only Vermont can offer set on the shores of lovely Lake Champlain.
Call me at 802.238.5256, email me at Chris@ChrisHurdVT.com with your inquiries about purchasing an investment property in this great city.
Post your comments at Hurd's The Word.
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Burlington Vermont Real Estate Market Trends Dec. 2007
Based upon information provided by the Northwestern Vermont Board of Realtors (NVBR) as of today for the month of November 2007, there were 14 residential units sold within Burlington Vermont with a total listed volume of $3,764,279. Divide this number by the units sold (14) and you get an average listed price of $268,877. Juxtapose this figure to the actual total sold volume of $3,650,800 then divide this number by the units sold (14) and you come up with an average sold price of $260,771. Are ya’ having an ADD moment yet?
So, “what’s up Chris?” you’re asking. Well, here you are. These numbers produced a list-to-sell variance of $8,106.00 or (drum roll please) a 96.98% list to sell percentage. Average days on the market for these 14 properties was 79.36.
Armed with solid numbers, buyers and sellers alike can manage their expectations and the current realities of our local market.
Call me at 802.238.5256, email me at Chris@ChrisHurdVT.com or post your comments here at Burlington VT Real Estate Blog or by going to my website at Burlington VT Real Estate.
These figures include sold numbers for single family residential Burlington Vermont real estate only.
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Top Ten List for Burlington Vermont
A purely personal list subject to change (guaranteed!) of my favorite things to do in Burlington Vermont throughout the year:
10. Summer picnic pilgrammage to enjoy a sunset at Waterfront Park on Lake Champlain,
9. A show at the Flynn Theater followed by profiteroles for dessert at the “Trat”,
8. An evening stroll down Church Street,
7. Finding a parking spot,
6. JazzFest in June,
5. First Night,
4. Burlington Bike Path,
3. Coming in by boat to the Community Boat House to hang out on the docks for a sunset, dinner, drinks or all 3,
2. Christmas Lighting Ceremony on Church Street,
1. 4th of July fireworks on the waterfront.
If you would like to add a comment or add your favorite Top Ten list, please do so by posting a comment here at Burlington VT Real Estate Blog or go to my website at Burlington VT Real Estate
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Market Trends for Burlington Vermont Real Estate in Nov. 2007
Based upon information provided by the Northwestern Vermont Board of Realtors (NVBR) as of today for the month of November 2007, there were 16 residential units sold within Burlington Vermont with a total listed volume of $3,709,600. Divide this number by the units sold (16) and you get an average listed price of $231,850. Juxtapose this figure to the actual total sold volume of $3,372,500 then divide this number by the units sold (16) and you come up with an average sold price of $210,781.25. Are ya’ having an ADD moment yet?
So, “what’s up Chris?” you’re asking. Well, here you are. These numbers produced a list-to-sell variance of $21,068.75 or (drum roll please) a 90.9% list to sell percentage. Average days on the market for these 16 properties was 102.75.
Armed with solid numbers, buyers and sellers alike can manage their expectations and the current realities of our local market.
Call me at 802.238.5256, email me at Chris@ChrisHurdVT.com or post your comments here at Burlington VT Real Estate Blog or by going to my website at Burlington VT Real Estate.
These figures include sold numbers for single family residential Burlington Vermont real estate only.
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