{"id":3174,"date":"2021-01-30T08:23:13","date_gmt":"2021-01-30T13:23:13","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=3174"},"modified":"2021-01-30T08:23:14","modified_gmt":"2021-01-30T13:23:14","slug":"multi-family-market-results-3","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2021\/01\/multi-family-market-results-3\/","title":{"rendered":"Multi-Family Market Results"},"content":{"rendered":"
\"5-unit
Incredible investment opportunity to own a slice of Burlington with 3 buildings on a large corner lot in a great neighborhood sandwiched between the UVM Medical Center, colleges and the Old North End. | MLS# 4839746<\/a><\/figcaption><\/figure>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t
<\/th>MEDIAN SALE PRICE<\/th>VS 2019<\/th>UNITS SOLD<\/th>VS 2019<\/th>NEWLY LISTED<\/th>VS 2019<\/th>DAYS ON MARKET<\/th>\n<\/tr>\n<\/thead>\n
All Counties<\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
Multi-Family<\/td>$350,000 <\/td>0.30%<\/td>164<\/td>14.70%<\/td>214<\/td>-8.20%<\/td>87<\/td>\n<\/tr>\n
Chittenden County<\/td>$417,300 <\/td>7.00%<\/td>108<\/td>17.40%<\/td>138<\/td>-4.20%<\/td>57<\/td>\n<\/tr>\n
Addison County<\/td>$250,000 <\/td>13.60%<\/td>15<\/td>114.30%<\/td>20<\/td>-13.00%<\/td>220<\/td>\n<\/tr>\n
Franklin County<\/td>$229,750 <\/td>8.50%<\/td>40<\/td>-4.80%<\/td>51<\/td>-16.40%<\/td>111<\/td>\n<\/tr>\n
Grand Isle County<\/td>$179,900 <\/td>-44.10%<\/td>1<\/td>-50.00%<\/td>5<\/td>0.00%<\/td>475<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

The investor market<\/a> remains strong in northwest VT, mostly driven by low-interest rates and strong equity positions in existing properties for owners. The median sale price of $350,000 was stable across the region with 7% growth to $417,300 in Chittenden County<\/a>. <\/strong><\/p>\n

The number of units sold grew substantially over 2019, while properties coming on the market continued a year over year decline. Burlington<\/a>, the largest city in Vermont, accounts for most multi-family<\/a> sales in the region, boasting an average sale price in excess of $700,000.<\/p>\n

According to the recently published Allen, Brooks & Minor Report, the apartment vacancy rate in Chittenden County is the lowest reported in the past six years at 1.1%. As long as tenants can stay on top of their rent payments – some struggling with unstable unemployment – and housing for college students remains in high demand, the desirability of owning multi-family properties in the region will continue.<\/p>\n

\"Multi-Family<\/p>\n

<\/h2>\n","protected":false},"excerpt":{"rendered":"

The investor market remains strong in northwest VT, mostly driven by low-interest rates and strong equity positions in existing properties for owners. The median sale price of $350,000 was stable across the region with 7% growth to $417,300 in Chittenden County. The number of units sold grew substantially over 2019, while properties coming on 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\/3174"}],"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=3174"}],"version-history":[{"count":2,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/3174\/revisions"}],"predecessor-version":[{"id":3183,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/3174\/revisions\/3183"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=3174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=3174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=3174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}