{"id":4032,"date":"2023-02-03T15:24:52","date_gmt":"2023-02-03T20:24:52","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=4032"},"modified":"2023-02-03T15:24:52","modified_gmt":"2023-02-03T20:24:52","slug":"multi-family-home-market-results-4","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2023\/02\/multi-family-home-market-results-4\/","title":{"rendered":"Multi-Family Home Market Results"},"content":{"rendered":"
\"\"
24-28 Orchard Terrace, Burlington, VT ~ 4-unit Multi-family in a prime student rental neighborhood with 12 bedrooms.<\/figcaption><\/figure>\n\n\n\n\n\t\n\n\t\n\t
Multi-Family January-December 2022<\/th><\/th>\n<\/tr>\n<\/thead>\n
Median Sale Price:<\/td>Average Sale Price:<\/td>Units Sold:<\/td>Days on Market:<\/td>\n<\/tr>\n
$490,000 \t4.0%<\/td>183\t-25.0%<\/td>204\t-32.9%<\/td>54\t-8.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

The multi-family market <\/a>continues to provide purchasers with solid and predictable investment opportunities<\/a>. In northwest Vermont, the median sale price rose 14% and in Chittenden County<\/a> \u2013 where 75% of the multi-family sales occur – prices increased by 9.4%. Once again, these increases are driven in large part by strong demand from local and regional investors, lack of inventory, and the increases in rents for the 2022-2023 cycle. Rents had been stable the previous 2 years as landlords held off on increases during the pandemic.<\/strong><\/p>\n

The Chittenden County<\/a> rental vacancy rate remains below 1%, and despite several new developments coming to the market, locally we still suffer from a lack of available rental properties. Well-located and well-maintained properties, as usual, continue to draw the most interest and are selling quickly and, in many cases, at or above list price.<\/p>\n

\"\"<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t
<\/th>MEDIAN SALE PRICE<\/th>VS 2021<\/th>UNITS SOLD<\/th>VS 2021<\/th>NEWLY LISTED<\/th>VS 2021<\/th>DAYS ON MARKET<\/th>\n<\/tr>\n<\/thead>\n
Chittenden County<\/a><\/td>$525,000 <\/td>9.40%<\/td>136<\/td>-22.70%<\/td>155<\/td>-29.90%<\/td>39<\/td>\n<\/tr>\n
Addison County<\/a><\/td>$312,500 <\/td>-15.00%<\/td>16<\/td>-20.00%<\/td>20<\/td>-20.00%<\/td>109<\/td>\n<\/tr>\n
Franklin County<\/a><\/td>$258,000 <\/td>11.60%<\/td>28<\/td>-33.30%<\/td>26<\/td>-51.90%<\/td>103<\/td>\n<\/tr>\n
Grand Isle County<\/td>$385,000 <\/td>300.00%<\/td>3<\/td>-50.00%<\/td>$3<\/td>-25.00%<\/td>12<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n","protected":false},"excerpt":{"rendered":"

The multi-family market continues to provide purchasers with solid and predictable investment opportunities. In northwest Vermont, the median sale price rose 14% and in Chittenden County \u2013 where 75% of the multi-family sales occur – prices increased by 9.4%. Once again, these increases are driven in large part by strong demand from local and regional … 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\/4032"}],"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=4032"}],"version-history":[{"count":4,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/4032\/revisions"}],"predecessor-version":[{"id":4050,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/4032\/revisions\/4050"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=4032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=4032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=4032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}