According to the latest statistics from the Northern New Enlgand Real Estate Network, the five-year residential median average price history for VT condos for sale have seen a decrease in value just like homes. Taking a look at the numbers from 2007, the average list price for a condo for sale was $217,788 and the average sales price was $211,002. Fast forward the results to 2010, and we see that the average List price for a condo was $195,214 and the average sales price was $185,373. This represents a 12% decrease in sales price over that period of time. In the scheme of things, this loss is substantially less than what we are seeing across the country. Interested in finding out the value of your property, click here.
Vermont Real Estate Prices downward trend in the last 3 years in Vermont - According to the latest information pulled from the Northern New England Real Estate Network, there has been a decline in median prices of homes in the State of Vermont since 2007.
In 2007, the average list price of a home was $310,991 and the average sales price was $297,270 in the state at that time. In 2008, those averages declined to $289,322 list price to an average sales price of $273, 948. If we fast forward to this past year, we are showing an average list price for the state of $267,717 to an average sales price of $252,156.
All in all, our prices have been affected by the recession and Vermonters have felt the pain of the economy on the sales of their homes like many across the country; although not as bad as some of the other states. The good news is that the local Vermont real estate economy seems to be doing better than most of the other parts of the state and we are encouraged about the future. If you would like to know the value of your home, please let us know. Begin your Vermont MLS home search now.
Century 21 Advantage of South Burlington, Vermont, congratulates Brian French, Leah Racine, and Jim Ross/Linda Murphy as they were named the offices top producers in the month of January.
CENTURY 21 Advantage is pleased to recognize Brian, Leah, and Jim, Linda with this honor. They are leaders and innovators, empowering local home buyers and sellers with valuable information and helping them to make informed real estate decisions in and around the Chittenden County area.
The Vermont Real Estate Market is slowly unfreezing in the Chittenden County area and the activity has certainly picked up. There are true signs that we are making a run at improvement from 2009 which was one of our toughest years. Recent statistics from our MLS indicate that overall sales in Chittenden County are up by 27.87%. Currently we are working with large numbers of individuals looking to increase the size of their homes, as well as people looking to downsize and invest in our local Burlington real estate market. We are very optimistic and are looking to make it a banner year and beat the odds like we did this past year. If you know of anyone thinking about buying or selling, contact us and we can customize a plan for them whether it is buying or selling. As one of the top offices in the State of Vermont for Century 21 companies, we have the technology and know how to help your transaction be as smooth as possible.
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This Wonderfully remodeled home for sale in Shelburne Vermont has hardwood floors and new kitchen with granite counter tops and island. Lovely Cherry cabinets, walkout to deck. Basement beautifully finished with family room and office, plus 1/2 bath. Additional storage space and exercise area. This home is like new. Great visibility for in-home business too. If this isn't what you are looking for, browse other homes for sale in Shelburne Vermont. We would love to hear your feedback on the property.