The Burlington Vermont Real Estate Market is Positively On Fire
Moments ago, I checked the “pending” status for all residential/condo/townhouse listings since the first of the new year. Presently, there are ALREADY 114 properties in Chittenden County that have gone “pending”, also known as “under contract” in 2013. What makes these numbers truly impressive is they are spread across ALL price ranges and there’s strength in these numbers across many local markets. Prices range from $99,900 all the way up to $2,000,000. What makes this VERY different is that in the past several years the market was hot for everything under $300,000. Those days appear to be in the past! Let’s add up the numbers: 17 properties in Burlington, 4 in Charlotte, 8 in Colchester, 23 in Essex, 1 in Hinesburg, 1 in Huntington, 4 in Jericho, 8 in Milton, 2 in Richmond, 28 in South Burlington, 5 in Shelburne, 1 in St, George, 4 in Westford, 7 in Williston and 1 in Winooski all “pending”. And we aren’t even into the “Spring Market” yet. It’s still winter in Vermont!
Today, I put a house in South Burlington “under contract”. There were three other competing offers! Four in total including ours! Just amazing…
Interest rates remain at stunning low levels and encouraging news in the economy are helping to fuel confidence not seen so broadly in recent years.
We are off to an absolutely tremendous start!
If you are interested in buying a home, condominium or other property or considering listing your home or townhouse for sale in and around Burlington Vermont, please give me a call at 802.238.5256, visit my website or reach me by email at [email protected] to discuss the market and your options. I would be delighted to assist you.
Armed with solid numbers, buyers and sellers alike can manage their expectations and the current realities of our local market.