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.)
1 comment:
This sounds really interesting. I haven’t heard about anything like this previously. I have huge interest in real estate. Thanks
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