{"id":1441,"date":"2017-10-30T13:42:12","date_gmt":"2017-10-30T17:42:12","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=1441"},"modified":"2022-11-06T10:54:12","modified_gmt":"2022-11-06T15:54:12","slug":"third-quarter-multi-family-sales-saw-a-12-5-increase","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2017\/10\/third-quarter-multi-family-sales-saw-a-12-5-increase\/","title":{"rendered":"Third Quarter Multi-Family Sales Saw a 12.5% Increase"},"content":{"rendered":"
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This Burlington 6-unit, 25-bedroom apartment building offers easy-to-rent modern apartments. | MLS# 4659673<\/figcaption><\/figure>\n\n\n\n\n\t\n\n\t\n\t
Multi-Family<\/th><\/th><\/th>\n<\/tr>\n<\/thead>\n
Median Sale Price:<\/td>Average Sale Price:<\/td>Units Sold:<\/td>\n<\/tr>\n
$274,000 (-13%)<\/td>$329,430 (-7.1%)<\/td>101(-1.9%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Sales and prices of multi-family properties in all four counties have been soft through 2017, but there were significant and strong signs of improvement in the third quarter \u2014 especially in Chittenden County<\/a> and its population centers.<\/strong><\/p>\n

The number of multi-family <\/a>properties sold in Q3 increased by 12.5% with the average sale price increasing by 4%. Our Realtors have noticed that optimism over recent Burlington<\/a> development projects, such as the redevelopment of the Burlington Town Centre, has generated interest from out-of-state investors \u2014 from New York City and Boston, more specifically \u2014 who want to diversify their portfolios with affordable multi-family properties. The quick movement of well-maintained, well-located multi-family properties has produced multiple offers<\/a> in many cases.<\/p>\n

Finally, our Realtors<\/a> have noticed that buyers who are priced out of the single-family housing market are investing in owner-occupied duplexes<\/a>; this way, they can still own a home while putting their tenant\u2019s rent toward their mortgage.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sales and prices of multi-family properties in all four counties have been soft through 2017, but there were significant and strong signs of improvement in the third quarter \u2014 especially in Chittenden County and its population centers. The number of multi-family properties sold in Q3 increased by 12.5% with the average sale price increasing by … 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\/1441"}],"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=1441"}],"version-history":[{"count":3,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/1441\/revisions"}],"predecessor-version":[{"id":3869,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/1441\/revisions\/3869"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=1441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=1441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=1441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}