Vermont State Overview
Submitted by Naomi M on Sun, 09/30/2007 - 03:25.Capital: Montpelier
Estimated 2004 population: 621,394
Change from 2000: +12,567
2004 housing units: 304,291
Housing units change from 2000-2004: +9,344
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Arlington | Brattleboro | Burlington | Island Pond | Middlebury | Montpelier | Newport | Rutland | Springfield | Swanton
Vermont Economy
Vermont housing market – not so hot any longer
Submitted by Anonymous on Sat, 06/23/2007 - 05:00.Vermont's housing market appears to be cooling after some very hot years.
Real estate analysists Allen and Brooks report that housing sales for the first four months of this year were down 23% from the same period last year.
Realtors say sellers hoping to get 2005 prices for their homes are seeing them sit on the market much longer than was the case a year ago.
The median home price in Vermont has risen only slightly from last year -- to $210,000. In Chittenden County, it's down slightly -- to $269,000.
Real estate analysists Allen and Brooks report that housing sales for the first four months of this year were down 23% from the same period last year.
Realtors say sellers hoping to get 2005 prices for their homes are seeing them sit on the market much longer than was the case a year ago.
The median home price in Vermont has risen only slightly from last year -- to $210,000. In Chittenden County, it's down slightly -- to $269,000.
Vermont baby boomers and retirees are changing the housing market
Submitted by Anonymous on Fri, 06/01/2007 - 19:15.The population of Vermont residents over age 65 is expected to double in less than ten years. All of this is having an impact on the housing market.
Many older people are moving out of their homes into smaller quarters, including Allen Provost, who recently moved into Northern Meridian, a new 88-unit apartment complex on Lime Kiln Road in South Burlington. "I'm old, 79 years old," he told Channel 3. "So I sold my house and moved into something like this."
Many older people are moving out of their homes into smaller quarters, including Allen Provost, who recently moved into Northern Meridian, a new 88-unit apartment complex on Lime Kiln Road in South Burlington. "I'm old, 79 years old," he told Channel 3. "So I sold my house and moved into something like this."
Burlington, Vermont rental market cools off
Submitted by Anonymous on Fri, 05/25/2007 - 05:00.Overall, the Burlington area's apartment vacancy rate has risen slightly -- to a bit over two percent -- meaning the rental market is still tight. Normally that would make it a good investment. Buyers of rental housing look at the price of a building in terms of what it will produce in cash flow, per bedroom.
Vermont housing prices holding stable
Submitted by Anonymous on Fri, 05/11/2007 - 05:00.In terms of inventory, Vermont had historically low number of homes available and everybody wanted one. Three, 4, 5 people were competing for each home available. “It was severe," said Tom Heney of Lang McLaughry Spera, a real estate company in South Burlington.
But then things began to cool. The number of houses for sale in Vermont has about doubled in the last two years.
The downturn in the housing market in Vermont has not been as dramatic as other parts of the country. Experts say it's not a seller's market anymore, but it's not buyer's market either.
But then things began to cool. The number of houses for sale in Vermont has about doubled in the last two years.
The downturn in the housing market in Vermont has not been as dramatic as other parts of the country. Experts say it's not a seller's market anymore, but it's not buyer's market either.
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