{"id":2011,"date":"2018-10-22T15:06:47","date_gmt":"2018-10-22T19:06:47","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=2011"},"modified":"2020-12-22T09:37:02","modified_gmt":"2020-12-22T14:37:02","slug":"67-of-multi-family-homes-sold-were-in-chittenden-county","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2018\/10\/67-of-multi-family-homes-sold-were-in-chittenden-county\/","title":{"rendered":"67% of Multi-Family Homes Sold were in Chittenden County"},"content":{"rendered":"
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Newly built in 2014, this striking, brick and metal-clad Old North End building is the perfect addition to any investment portfolio! MLS# 4734840<\/a><\/figcaption><\/figure>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t
<\/th>Median Sale Price<\/th>Average Sale Price<\/th>Units Sold<\/th>Newly Listed<\/th>Days on Market<\/th>\n<\/tr>\n<\/thead>\n
Northwest Vermont<\/td> $320,950 (15.9%) <\/td> $411,173 (24.3%)<\/td>130 (27.5%)<\/td>166 (-7.8%)<\/td>98 (3.2%)<\/td>\n<\/tr>\n
Chittenden County<\/td> $376,500 (11.5%) <\/td> $506,920 (22.2%)<\/td>87 (31.8%)<\/td>103 (-8%)<\/td>80 (19.4%)<\/td>\n<\/tr>\n
Addison County<\/td> $240,000 (42%) <\/td> $237,527 (32.9%)<\/td>11 (10%)<\/td>14 (-6.7%)<\/td>163 (-15.1%)<\/td>\n<\/tr>\n
Franklin County<\/td>$198,975 (15.2%) <\/td> $205,894 (17%)<\/td>31 (19.2%)<\/td>47 (-7.8%)<\/td>129 (2.4%)<\/td>\n<\/tr>\n
Grand Isle County<\/td>$355,000 (na) <\/td> $355,000 (na) <\/td>1 (na)<\/td>2 (na)<\/td>16 (na)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Investors continue to demonstrate strong demand for multi-family properties<\/a> especially in Chittenden County<\/a> which represents 67% of the properties sold in the region.
\n<\/strong><\/p>\n

The median and average sale prices soared across Chittenden<\/a>, Addison<\/a> and Franklin<\/a> Counties as supply could not keep up with demand.<\/p>\n

A few high-priced sales in Burlington<\/a>, earlier this year, pushed the average sale price to over $500,000.<\/p>\n

Historically low vacancy rates in the greater Burlington area<\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 … 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\/2011"}],"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=2011"}],"version-history":[{"count":6,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/2011\/revisions"}],"predecessor-version":[{"id":3035,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/2011\/revisions\/3035"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=2011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=2011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=2011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}