March is finally here and we are anticipating a brisk real estate market this spring.
The activity is already ahead of last year's numbers and we are optimistic about the future. This past February we set a record for the amount of snow fall ever at 43 inches. Not to mention the 3rd largest snowfall on record from the storm on Monday!! Considering that and the amount of cold weather that accompanied it, we did pretty well.
The Current VT Investment Market
Right now we are working with a number of investors that feel that the real estate market still is the place to put their money with the relatively low interest rates for investment property. Interestingly enough, the supply currently is quite low for that type of property and the sellers are the ones holding the cards again for that type of property in our area.
Good Times for Investors
What may be unfortunate news for renters in Burlington, is great news for investors. Rents are of the highest in the nation but property prices are still quite reasonable. We have several clients from the West Coast where property prices are so much higher than here in the East, but rent is just as high. Take for example, this investors dream, this multi-family real estate in Burlingtonlocated at 110 North Union Street.