| Median Sale Price | Average Sale Price | Units Sold | Newly Listed | Days on Market | |
|---|---|---|---|---|---|
| Northwest Vermont | $320,950 (15.9%) | $411,173 (24.3%) | 130 (27.5%) | 166 (-7.8%) | 98 (3.2%) |
| Chittenden County | $376,500 (11.5%) | $506,920 (22.2%) | 87 (31.8%) | 103 (-8%) | 80 (19.4%) |
| Addison County | $240,000 (42%) | $237,527 (32.9%) | 11 (10%) | 14 (-6.7%) | 163 (-15.1%) |
| Franklin County | $198,975 (15.2%) | $205,894 (17%) | 31 (19.2%) | 47 (-7.8%) | 129 (2.4%) |
| Grand Isle County | $355,000 (na) | $355,000 (na) | 1 (na) | 2 (na) | 16 (na) |
Investors continue to demonstrate strong demand for multi-family properties especially in Chittenden County which represents 67% of the properties sold in the region.
The median and average sale prices soared across Chittenden, Addison and Franklin Counties as supply could not keep up with demand.
A few high-priced sales in Burlington, earlier this year, pushed the average sale price to over $500,000.
Historically low vacancy rates in the greater Burlington area may have eased slightly with the construction of newer apartment buildings, however continued renter demand across the region makes real estate a good choice for savvy investors.