{"id":1623,"date":"2018-02-06T12:30:05","date_gmt":"2018-02-06T17:30:05","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=1623"},"modified":"2022-11-06T11:13:28","modified_gmt":"2022-11-06T16:13:28","slug":"overall-the-multi-family-market-is-tight","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2018\/02\/overall-the-multi-family-market-is-tight\/","title":{"rendered":"Overall, the multi-family market is tight."},"content":{"rendered":"
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This lovely Georgian\/Federal house at 342 Pearl Street, Burlington, is steeped in a rich history! | MLS# 4669779<\/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
$285,000 (-9.5%)<\/td>$358,291 (-7.0%)<\/td>130 (-3.7%)<\/td>225 (+6.1%)<\/td>92 (+2.2%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Multi-family properties are moving quickly in population hubs such as Burlington<\/a> and Winooski<\/a>, where the number of days from listing to closing is now 66.\u00a0<\/strong><\/p>\n

Despite a 6% increase in units for sale across northwestern Vermont, new inventory remains tight in these key cities. Overall, the multi-family market<\/a> is tight.<\/p>\n

A 4% decline in units sold in 2016, twinned with a couple of higher-priced sales, resulted in a near 10% dip in median sales prices across northwestern Vermont for 2017. This reflects a shift in available inventory, not necessarily a decline in property values.<\/p>\n

The number of multi-family properties sold decreased by nearly 4% in 2017, but the number of newly listed units on the market was up by more than 6% \u2014 to 225 in all four counties.<\/p>\n

Rents have been high in northwestern Vermont, but landlords are starting to feel a pinch as newer multi-family options have become available since 2015, causing a shift in historically low vacancy rates in the area.<\/p>\n

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

Multi-family properties are moving quickly in population hubs such as Burlington and Winooski, where the number of days from listing to closing is now 66.\u00a0 Despite a 6% increase in units for sale across northwestern Vermont, new inventory remains tight in these key cities. Overall, the multi-family market is tight. A 4% decline in units … 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\/1623"}],"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=1623"}],"version-history":[{"count":4,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/1623\/revisions"}],"predecessor-version":[{"id":3877,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/1623\/revisions\/3877"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=1623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=1623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=1623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}