January 27th, 2010
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.)