Burlington Vermont Homes and Condos Sold
The Burlington Vermont real estate year to date activity as of 10/30/2010 indicates that 2009 was the turning point for values with fewer transactions. Both single family homes and condominiums are reporting higher sales prices. Homes sold have decreased 95 over 2009 and condos had an 11% decline.
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Burlington VT Single Family Homes
There were 125 homes sold in 2010 as compared to 138 with only 103 sold in 2008. The average sales price in 2010 has increased slightly from $269,527 in 2009 to $284,813 in 2010. In 2008, the average sales price was at $324,075 which was the peak for the last three years.
Burlington Condominium Activity
Sales activity dropped from 86 units sold in 2009 to 76 in 2010. This represents a 3 year slide in transactions with 94 reported in 2008. The average sales prices stabilized at $228,084 however the days on market increased to 98 days.
The Burlington Vermont market report was compiled by Virtual Homes real estate from data reported in the NNEREN MLS system and is not guarenteed to be accurate.
