Based upon information provided by the Northwestern Vermont Board of Realtors (NVBR) as of today for the month of July 2008, there were 16 single family residential units sold within Burlington Vermont with a total listed volume of $5,471,200. Divide this number by the units sold (16) and you get an average listed price of $341,950. Juxtapose this figure to the actual total sold volume of $5,122,960 then divide this number by the units sold (16) and you come up with an average sold price of $330,185. 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 $21,765.00 or (drum roll please) a 93.63% list to sell percentage. Average days on the market for these 16 properties was 94.25.
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.
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