![\"CBHB_2015_Spring_NewGraph_Franklin-copy\"](\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2015\/07\/CBHB_2015_Spring_NewGraph_Franklin-copy.png\")
Franklin County\u2019s residential market<\/a> is rebounding after a slower market in 2014, helped by demand from first-time homebuyers who are drawn by the county\u2019s more affordable price point than\u00a0Chittenden County<\/a>\u2019s. <\/strong><\/p>\nIn the residential market, which is dominated by single-family homes, a number of factors are influencing sales and pricing.<\/p>\n
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Proximity to I-89<\/h3>\n
Those towns located closer to I-89 are typically witnessing higher median pricing. For instance, Fairfax<\/a>, which is adjacent to I-89, boasts the highest median sales price in the county, at $253,000. Enosburg<\/a>, \u00a0an eastern town that\u2019s farther from the interstate, had one of the lowest median sales prices, at $115,500.<\/p>\n Towns closest to the interstate also recorded the highest number of sales, such as St. Albans Town<\/a>, Swanton<\/a> and Fairfax. Many of the towns in the eastern part of the county recorded fewer transactions than those in the west, which are closer to the highway.<\/p>\n With gas prices remaining low, some buyers who work in Chittenden County are seeking homes in Franklin County, given that commuting costs have become more affordable in the past year.<\/p>\n Demand for housing is also growing thanks to the county\u2019s diverse base of corporate employers, including Ben & Jerry\u2019s, pharmaceutical company Mylan, and logistics company A.N. Deringer.<\/p>\n Land sales fell 52% to 11 transactions. Sales were especially slow in the first quarter, when the abnormally low temperatures kept buyers on the sidelines. The median sale price for land parcels declined 9.3% to $61,800.<\/p>\n The multi-family market<\/a> was steady with eleven sales during the first six months. Given the competitive market for duplexes and three- and four-apartment homes in Chittenden County<\/a>, investors are looking to Franklin County for lower-cost options. The median sale price rose 71% to $276,000. Franklin County\u2019s residential market is rebounding after a slower market in 2014, helped by demand from first-time homebuyers who are drawn by the county\u2019s more affordable price point than\u00a0Chittenden County\u2019s. In the residential market, which is dominated by single-family homes, a number of factors are influencing sales and pricing. Proximity to I-89 Those towns located … 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":[9],"tags":[],"_links":{"self":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/272"}],"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=272"}],"version-history":[{"count":11,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/272\/revisions"}],"predecessor-version":[{"id":3903,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/272\/revisions\/3903"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Commuters To Chittenden County<\/h3>\n
A Diverse Business Base<\/h3>\n
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\n![\"Franklin_Table\"](\"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-content\/uploads\/2015\/07\/Franklin_Table.png\")
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