Burlington Vermont Annual Real Estate Market Data and Trends from 2012
Burlington Vermont Year End Data 2012
Based upon information provided by the Northern New England Real Estate Network (NNEREN) for all of 2012, there were 298 single family residential and condominium units sold within Burlington Vermont with a total sold volume of $87,286,774.00 Compare that number to a total of 210 single family residential and condominium units sold in 2011 with a total sold volume at $57,414,416.00 These numbers indicate an increase in the actual number of sales from 210 to 298 from 2011 to 2012 (an increase of 41.90%) and an increase in total sold volume of 52.02%. The average sale price was up in 2012. In 2012, the average sale price of a home in Burlington was $292,908.64 up from $273,401.98 an increase of 7.13%.
Average days on the market in 2012 was 75 compared to 86 in 2011 or an average decrease of -13.33%.
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 property in Burlington VT, 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 by email at [email protected]
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 Burlington, VT only. All information deemed reliable but not guaranteed by the Northern New England Real Estate Network (NNEREN which supplies these figures.)