{"id":4559,"date":"2024-02-14T09:57:22","date_gmt":"2024-02-14T14:57:22","guid":{"rendered":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/?p=4559"},"modified":"2024-02-14T13:45:15","modified_gmt":"2024-02-14T18:45:15","slug":"vermont-multi-family-market-results-2","status":"publish","type":"post","link":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/2024\/02\/vermont-multi-family-market-results-2\/","title":{"rendered":"Vermont Multi-Family Market Results"},"content":{"rendered":"

\"\"<\/p>\n\n\n\n\n\t\n\n\t\n\t
Multi-Family January-December 2023<\/th><\/th><\/th>\n<\/tr>\n<\/thead>\n
Median Sale Price:<\/td>Units Sold:<\/td>Newly Listed:<\/td>Days on Market:<\/td>\n<\/tr>\n
$484,852 \t-1.1%<\/td>118\t-35.5%<\/td>184\t-10.2%<\/td>49\t-9.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\t\n\n\t\n\t\n\t
Northwest Vermont<\/th>MEDIAN SALE PRICE<\/th>VS 2022<\/th>UNITS SOLD<\/th>VS 2022<\/th>NEWLY LISTED<\/th>VS 2022<\/th>DAYS ON MARKET<\/th>VS 2022<\/th>\n<\/tr>\n<\/thead>\n
Chittenden County<\/td>$590,000<\/td>12.40%<\/td>73<\/td>-46.30%<\/td>$111<\/td>-28.40%<\/td>30<\/td>-23.10%<\/td>\n<\/tr>\n
Addison County<\/td>$391,500<\/td>25.30%<\/td>16<\/td>0.00%<\/td>$18<\/td>-14.30%<\/td>133<\/td>22.00%<\/td>\n<\/tr>\n
Franklin County<\/td>$285,000<\/td>10.50%<\/td>29<\/td>3.60%<\/td>$53<\/td>103.90%<\/td>52<\/td>-49.50%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Many real estate<\/a> investors paused during 2023 as reflected in a 35% decline in properties sold and the minimal change in the median sale price. While residential property sales are largely driven by \u201clife stages or life changes\u201d, the purchases of multi-family<\/a> and investment properties<\/a> are driven by analytics. Higher mortgage interest<\/a> rates adversely affected the purchase opportunities in the market. The number of multi-family units coming to market dropped 10%. These properties are a desirable property class in large part due to low vacancy rates, rising rents, steady appreciation, tax benefits, and a hedge against stock market fluctuations. Owners may be holding onto properties as they perceive a lack of alternative investment options and don\u2019t want to give up their pre-2022, low mortgage rates.<\/strong><\/p>\n

\"\"<\/p>\n

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

Many real estate investors paused during 2023 as reflected in a 35% decline in properties sold and the minimal change in the median sale price. While residential property sales are largely driven by \u201clife stages or life changes\u201d, the purchases of multi-family and investment properties are driven by analytics. Higher mortgage interest rates adversely affected … 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\/4559"}],"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=4559"}],"version-history":[{"count":5,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/4559\/revisions"}],"predecessor-version":[{"id":4622,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/posts\/4559\/revisions\/4622"}],"wp:attachment":[{"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/media?parent=4559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/categories?post=4559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickokandboardman.com\/vermont-market-report\/wp-json\/wp\/v2\/tags?post=4559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}