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

Shelburne Vermont Real Estate Annual Market Data & Trends for all of 2009

January 27th, 2010

Shelburne VT

Based upon information provided by the Northwestern Vermont Board of Realtors (NVBR) as of today for all of 2009, there were 85 single family residential and condominium units sold within Shelburne Vermont with a total sold volume of $34,810,350.

These numbers represent a 16.44% 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 (85) and you get an average sale price of $409,534. These numbers represent a 2.20% increase 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 85 properties was 127 compared to 96 one year earlier or 32.29% longer on the market.

If you are considering listing your home for sale or buying a home, condominium or other real estate in Shelburne, 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.

Call me at 802.238.5256, email me at Chris@ChrisHurdVT.com or post your comments here at Hurd's The Word

(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.)

Charlotte Vermont Real Estate Annual Market Data & Trends for all of 2009

January 27th, 2009

Charlotte VT

Based upon information provided by the Northwestern Vermont Board of Realtors (NVBR) as of today for all of 2009, there were 29 single family residential and condominium units
sold within Charlotte Vermont
with a total sold volume of $19,493,197.

These numbers represent a 61.61% 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 (29) and you get an average sale price of $672,179. These numbers represent a 10.84% 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 these 29 properties was 137 compared to 106 one year earlier or 29.25% longer on the market.

If you are considering listing your home for sale or buying a home, condominium or other real estate in Charlotte, 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.

Call me at 802.238.5256, email me at Chris@ChrisHurdVT.com or post your comments here at Hurd's The Word

(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.)

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.)

Chittenden County Real Estate Annual Market Trends 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 1410 single family residential and condominium units sold within all the towns which comprise Chittenden County in Vermont with a total listed volume of $398,226,858. Compare that number to the actual volume of total sold properties at $383,158,490. The List-to-Sell Variance is $10,687 or last year's List-to-Sell Percent is 96%. The average sale price for all of Chittenden County was $271,744. These numbers represent a 1.00% increase 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 1410 properties was 93 compared to 91 one year earlier or 2.2% longer on the market.

Armed with solid numbers, buyers and sellers alike can manage their expectations and the current realities of our local 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.

(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.)

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.

Free Home Energy Assessments Coming to Charlotte VT and Shelburne Vermont

January 22nd, 2010

Shelburne VT and Charlotte VT

The Vermont Community Energy Mobilization (VCEM) Project sponsored conjunction with the Charlotte VT Energy Committee, the Shelburne VT Energy Committee, Transition Town Charlotte and Transition Town Shelburne have ALL joined arms to provide free in home energy assessments. The goals of the project are to:

• Achieve quantifiable reductions in home energy use;


• Increase awareness and understanding by Vermonters of home energy savings opportunities and resources; and,


• Demonstrate that a community-based, volunteer program can be a successful model for achieving home energy savings and raising awareness of Vermonters on home energy savings.

Last night around 30 volunteer (of which I am one) residents of Charlotte and Shelburne met for an evening of training at the Charlotte VT Senior Center. Efficiency Vermont is providing all energy saving measures free of charge. Energy saving measures will include offering compact fluorescent lightbulbs (cfl's), low-flow showerheads, water aerators for faucets, electric hot water tank wraps and pipe insulation.

Efficiency Vermont trained the volunteers last night to assist homeowners in identifying whether their home's heating is inefficient.

Lastly, the visit will include a "kitchen table talk" about energy saving opportunities and resources - specifically about energy conservation behavior and explaining referrals to services that are currently available. Efficiency Vermont offers several incentive programs, appliance rebates, and low-interest financing for additional energy efficiency measures of which most Vermonters are unaware of these savings opportunities.

If you are interested in receiving this free energy assessment service (only 80 will be available initially for both town so contact us soon!) or have additional questions, please email Suzie Hodgson of Charlotte at suzyhodgson@gmavt.net or Judy Raven of Shelburne at ravenvt@msn.com so we can put you on our schedules. Assessments will begin in mid-February and continue through April.

If you are considering listing your home for sale or buying a home or condominium in Burlington, Shelburne or Charlotte, 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.