Tom's Burlington Market updates

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Real Estate Agent - RE/MAX North Professionals
Up to date market information on the Burlington and Chittenden County, Vermont real estate market including total inventory, deposits, days on market, and aborption rates for all towns in Chittenden County.
RECENT BLOG POSTS
            ...you start counting the number of dead skunks you see and smell along the road. You know it's spring in Vermont when you head up to "the islands" to show lakeshore property and you wonder how crazy the ice fisherman is who drove is pickup truck out to ice fish, and he's the only one...
03/17/2009
Most of the rest of the country probably isn't even aware of Vermont's Town Meeting Day vacation and traditions.  Today is Town Meeting Day in Vermont.  Schools are closed and it gives the kids an extra 2 days of vacation tacked on to their week of mid-winter vacation at the end of February.  For...
03/03/2009
We had a real good thaw and rainstorm this last week and this weekend the market seems to have come alive with our office a beehive of activity, listings, multiple offers and good strong activity.  Who knows but that stimulus may have lit a fire.  Or it could be the pent up demand finally has an ...
03/01/2009
On my way home yesterday it dawned on me that another early sign of spring was here, frost heaves.  For those of you not familiar with this north country phenomenon, it is a lift in the road that could be compared to a speed bump.  Driving too fast over one could get you airborne or even do serio...
02/26/2009
Although the snow keeps coming the market seems to be thawing a bit here in the north country.  Over the weekend a couple homes that were just listed sold, one had 4 offers!  Some statistics would also indicate that we might be seeing a change.  The number of homes on the market has been increasi...
02/25/2009
According to Art Woolf, co-author of the annual affordability study done by The Vermont Economy Newsletter, 3 major factors led to the improvement in housing affordability in Vermont in 2008.  Home prices fell 1%, median income increased to $68,000 and mortgage rates dropped to 6%.  All of that b...
02/19/2009
The inventory hasn't gone up since this same time last year.  We now have 523 homes on the market in MLS compared to 524 last year.  But what has changed dramatically is the sales rate.  This year we have have 108 sales in the last 3 months up to Feb 15.  Last year during the same period we had 1...
02/17/2009
Though there is still plenty of snow on the ground and the temperatures don't like to get too high above zero, there is one early sign that spring will come again this year.  And it is not the robin I saw outside my office window yesterday.  It is the steam I've seen rising from the boiling sap i...
02/16/2009
Vermont Business Journal reported today that Realty Trac's list of state-by-state foreclosures shows Vermont with the least.  They attribute it to the thrifty New England ethic.  It might have more to do with our tough winters, somewhat restrictive Act 250 requirements for developers and the fact...
02/12/2009
The old "best of times...worst of times"  seems to be applying here in Chittenden County, Vermont in early 2009.  We've had great snow and Forbes Traveler labeling Burlington among the prettiest cities in America alongside Aspen, Lake Placid, Hanover and Rockport, Maine.  But on the real estate s...
02/04/2009
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TomThompson

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