{"id":1308,"date":"2017-07-21T12:06:44","date_gmt":"2017-07-21T16:06:44","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=1308"},"modified":"2017-07-24T14:19:59","modified_gmt":"2017-07-24T18:19:59","slug":"the-multi-family-market-is-experiencing-steady-buyer-demand-tempered-by-lower-inventory-levels","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2017\/07\/the-multi-family-market-is-experiencing-steady-buyer-demand-tempered-by-lower-inventory-levels\/","title":{"rendered":"The Multi-Family market is experiencing steady buyer demand, tempered by lower inventory levels."},"content":{"rendered":"
One 2-bedroom unit plus three 3-bedroom units with separate utilities, ample parking, and storage, coin-op laundry in basement. | MLS# 4641648<\/a><\/figcaption><\/figure>\n\n\n\n\n\t\n\n\t\n\t
Multi-Family<\/th><\/th><\/th><\/th><\/th>\n<\/tr>\n<\/thead>\n
Median Sale Price:<\/td>Average Sale Price:<\/td>Units Sold:<\/td>Newly Listed:<\/td>Days on Market:<\/td>\n<\/tr>\n
$274,500 (-22.84%)<\/td>$319,358 (-13.26%)<\/td>56(-12.5%)<\/td>114 (+3.64%)<\/td>108 (+31.7%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

The Multi-Family market, largely driven by Chittenden County, is experiencing similar trends as the residential real estate market: steady buyer demand, tempered by lower inventory levels.
\n<\/strong><\/p>\n

Over the past year, historically low vacancy rates have eased a bit. However, Investors continue to show strong demand for multi-family properties given the growing and diverse professional base and expanded hiring by local institutions and businesses – both positive trends in the market.<\/p>\n

The decline in average and median sold prices is a result of less properties sold in 2017 coupled with a multi-million dollar sale in 2016 which has a strong effect on the data. The decline is not a result of depreciation.
\nOur agents report that larger, high priced properties are not coming to market as investors choose to hold on to those properties.
\nWith well positioned, multi-family units selling quickly \u2013 some buyers are considering single family homes in renter friendly neighborhoods as an investment.<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The Multi-Family market, largely driven by Chittenden County, is experiencing similar trends as the residential real estate market: steady buyer demand, tempered by lower inventory levels. Over the past year, historically low vacancy rates have eased a bit. However, Investors continue to show strong demand for multi-family properties given the growing and diverse professional base … Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"_links":{"self":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/1308"}],"collection":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/comments?post=1308"}],"version-history":[{"count":4,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/1308\/revisions"}],"predecessor-version":[{"id":1345,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/1308\/revisions\/1345"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=1308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=1308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=1308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}