Washington County VT Real Estate Market Rebounds Sharply by John Biondolillo, BCK Real Estate
by John Biondolillo, BCK Real Estate
City of Montpelier, Vermont by John Biondolillo, BCK Real Estate
The February 2010 data is in and it confirms what we predicted over a year ago, Washington County Vermont real estate hit bottom at the end of 2008. On January 13, 2009 we made a bold prediction. In a press release sent out to several Vermont newspapers, radio and television stations as well as the Associated Press, we claimed that the Vermont market was on the upswing. We even it sent it out to our competing Realtors. No one picked up the story.
The median sale price for a Washington County single family home or condominium in February was $225,000. 13 months ago in January of 2009 the median price was $120,000. That’s almost an 88% increase. Now that is not to say the prices increased 88% although prices are improving. What that number shows is that the market has gotten some legs. 2009 was characterized by first time buyers taking advantage of the federal tax credit. We noticed last November that buyers were starting to come out in all price ranges. That trend has continued into March. Other areas of Vermont like Chittenden County are experiencing similar patterns. Chittenden County median sale prices are up 14% to $242,000. Lamoille County, including Stowe, is up over 37% at $205,000 compared to $149,000 13 months ago. The notable exception is Orange County. Orange County is flat with the median price unchanged from 13 months ago at $155,000.
To view a full report of the median price report for Washington County, VT click here: John Biondolillo, Washington County VT Real Estate Report BCK Real Estate.
To view a full report of the median price report for Orange County, VT click here:John Biondolillo, Orange County VT Real Estate Report by BCK Real Estate.
To view a full report of the median price report for Lamoille County, VT click here: John Biondolillo Lamoille County VT Real Estate Report by BCK Real Estate.
BCK Real Estate has offices in Barre, Montpelier, Northfield, Stowe, Rochester and Waterbury Vermont. If you are interested in buying a home in central Vermont please email John Biondolillo at John@bckrealestate.com or check out his site at http://www.bckrealestate.com John is one of the less than 300 Realtors who have achieved the Star Power “Star” designation. According to renowned real estate speaker and trainer Howard Brinton, “being a Star is the greatest distinction in real estate today.”
