This bimonthly subscription newsletter is chock-full of invaluable information for property owners (of both homes and land), people thinking about buying or selling property and anyone with an interest in Vermont real estate.
The current issue was particularly informative as it provided an update on our new Governor’s budget and plans for his first few months in office and recommendations from the state’s Blue Ribbon Tax Structure Commission. There were also articles on
- septic and well “overshadowing”
- Fannie Mae’s concerns about private roads
- proposed reforms to Vermont’s Current Use tax policy
- an explanation on the state’s new capital gains tax policy, and
- several articles about propane gas, including warnings to homeowners to keep their service lines and regulators free from falling snow and ice.
Of particular interest to me as a REALTOR, but also as a property and homeowner, is the 2010 Real Estate Review, a multi-page summary of the state’s real estate market, our ups and downs, means and medians, and a snapshot of what’s to come. Each issue provides statistical information about the real estate market but the year-end summary is always especially interesting.
Giving full credit where credit is due, let me share Vermont Property Owners Report’s analysis of “arms-length” transactions (sales of property that were publically listed for sale on the state’s Multiple Listing Service(MLS) and sold between non-family members).
Volume of Sales by Category
Property Category 2010 Sales 2009 Sales ’09-’10 Change
Primary – Single Family Homes 3684 3141 +17.3%
Primary – Condominiums 569 520 +9.4%
Vacation – Single Family Homes 1017 1034 -1.6%
Vacation – Condominiums 280 390 -28.2%
Mobile Home – No Land 186 358 -48%
Mobile Home with Land 108 188 -42.5%
Land – 1 to 25 Acres 816 676 +20.7%
Land – 25 to 200 Acres 254 231 +10%
MLS Data: Listings, Volume and Days on Market
Residential (primary and vacation) 2009 2010 Change
New Listings 10,960 10,470 -4.47%
Sold Listings 3942 3990 +1.22%
Sold Volume ($) $941 million $997 million +5.87%
Avg. Days on Market 139 161 +15.83%
Condo (primary and vacation) 2009 2010 Change
New Listings 2371 2224 -6.20%
Sold Listings 991 908 -8.38%
Sold Volume ($) $215 million $194 million -9.55%
Avg. Days on Market 178 178 00.00%
All Properties 2009 2010 Change
New Listings 18,026 17,198 -4.59%
Sold Listings 5753 5852 +1.72%
Sold Volume ($) $1.254 bil $1.324 bil +5.59%
Avg. Days on Market 151 172 +13.91%
Subscriptions to the Vermont Property Owners Report are $52.95 for Vermont residents (includes sales tax) and $49.95 to non-residents. Discounts are given for multiple year subscriptions. Information is available at http://www.vermontrealestatetoday.com/
