Last year, I participated in Spectrum’s First Annual Solidarity Sleep Out fundraiser to benefit homeless youth in the Burlington VT area. I’m “Sleeping Out” again this year for the 2nd Annual Spectrum VT Sleep Out fundraiser on March 28th! Last year we raised over $95,000. Our goal this year is to raise over $100,000 for Spectrum!
Spectrum is one organization that REALLY deserves our support. They help counsel, guide and mentor the most vulnerable youth in our community. In 2012 alone, they fed, housed and gave all types of supports services to over 3,000 kids and their families. Helping these young people in Vermont is our responsibility as caring community members.
Mark Redmond and his staff do an outstanding job at Spectrum. They are often cited as a national model for their programs helping at-risk youth here in Vermont. Just as the demand for these programs has increased in the last few years, federal and state funding has stayed flat, at best.
Burlington residential sales were up an impressive 42% and Burlington condo sales gained 35% over the same period from last year as new hires for growing business such as Dealer.com, Seventh Generation and Green Mountain Coffee Roasters entered the market. Institutions like the University of Vermont and Fletcher Allen Health Care also continue to bring in new Buyers eager to see new property inventory. Both single family homes & condos showed modest gains in their median sale price.
South Burlington saw a modest 5.3% increase in residential sales although the median sales price dipped slightly. While the median sales price for condos rose by 8.9%, single-family homes median sale prices fell by 14.5% making the overall median residential sales price in South Burlington lower than the same period last year.
LUXURY & MULTI-FAMILY REAL ESTATE: 2012 versus 2011
This real estate report also provides insight on the Luxury Market and the Multi-Family market. Luxury homes sales in 2012 represented a 70% boost in transactions from 2011. All but two of the 17 total sales were recorded in Chittenden County with Shelburne and Charlotte accounting for the bulk of those sales. Two thirds of the total sales were waterfront properties. The overall median luxury sale price in 2012 was $1.35 million.
In the multi-family market, rental vacancy rates continue to sit well below the national average (1.7% in Chittenden County VT compared to 4.5% nationally as of December 2012) creating a high demand for available rental units & pushing sales of multi-family properties in the market. Sales for duplexes and other multi-family homes jumped 16% across Chittenden, Franklin and Grand Isle counties. In Chittenden county alone, sales rose an astounding 43% in 2012.
America’s Health Rankings®–2012 Edition: Vermont healthiest state for the 4 year in a row!
Vermont has steadily improved in the rankings over the last 14 years from a ranking of 17th in 1998 to 1st in 2007. It has remained in the top 5 consistently since 2003, and in the #1 spot for the last four years. The United Health Foundation, which presents the annual America’s Health Rankings “…in an effort to educate Americans and encourage them to take steps toward a healthier future”, credits Vermont’s good health to high rates of both early prenatal care and graduation from high school, with low rates of infectious diseases and violent crimes. Vermont has a strong (and growing!) local food movement which may explain it’s #1 ranking in Diet, Fruit & Vegetables, and there are numerous opportunities for outdoor recreation all year round which undoubtedly helped with the #5 ranking for lower incidence of sedentary lifestyle.
Vermont Healthiest State: Places & Activities!
Here are just a few of the Burlington Vermont area’s healthy activities, events & organizations!
Burlington Farmer’s Market- Get fresh local produce, meats, cheeses & crafts all year round! Many other area towns hold their own farmer’s markets as well!
If you’re a regular visitor to my website, www.BrianBoardmanVT.com, you’ll notice some substantial changes! We’ve updated the site to be much more interactive allowing users to easily browse & sort listings, search Vermont properties for sale using aninteractive map, quickly view & print detailed property information, and save favorite listings. There are also numerous social media links embedded throughout the site. Now you can easily share your favorite listings with friends & family via email, facebook, twitter, Pinterest & Google+! We’re also featuring property videos on the main landing page to highlight some of the most exciting real estate in the Burlington, Vermont area!
For our returning users- Don’t Panic! The navigation on the website has remained the same. You’ll easily be able to find your way to your favorite pages. From ‘Living in Vermont‘ with detailed information on Climate, Culture, History, Schools & Taxes – to ‘Vermont Towns‘ with town-specific information & real estate listings- We’ve got you covered! We are also updating content throughout the website so please check back often for the latest on Vermont real estate and living in the Burlington VT area!
Burlington sales for single family residential units are up 35% over the same period from last year. Burlington condo sales also are also improved by 19% over same period last year. Both single family homes & condos showed gains in their median pricing.
SOUTH BURLINGTON VT REAL ESTATE
South Burlington has seen a 16% decrease in median sales for single family homes, although the average days on the market was down to 77 from 99 days in the same period last year. The median sales for South Burlington condos rose by 6.5% and the average days on the market also decreased to 84 days (down from 94 days in the same period of 2011).
LUXURY & MULTI-FAMILY REAL ESTATE
In addition, this real estate report also provides insight on the Luxury Market and the Multi-Family market. The luxury market has seen 15 sales over $1 Million in the last 12 months. In the multi-family market, sold listings for duplexes and other multi-family homes jumped 24% for the ﬁrst eight months of 2012 across Chittenden, Franklin and Grand Isle counties.