According to a recent story on WCAX, South Village in South Burlington is using Vermont villages as a building model, being designed with “narrower streets [and] buildings on smaller lots” to help create a sense of community in the development. Upon completion, there will be a total of 335 units in the development, including condos, [...]
Archive for August, 2008
Vermont has fewest foreclosures nationwide in July
Published on August 18th, 2008 in foreclosure news. 1 CommentAccording to the lastest statistics published by RealtyTrac, Vermont led the nation in the least number of foreclosures in July 2008, an impressive accomplishment considering that foreclosure activity is up 55 percent from July 2007 across the United States. There were a total of 272,171 foreclosures in July 2008. Rank State Total 1 every 1000 [...]
According to a store on Business Wire, Roost, Inc. announced the launch of its search-engine service in the New England area, extending its coverage to New Hampshire, Vermont, Western Maine and Northern Massachusetts. Roost’s database is tied directly to the MLS, and searches can be customized to sort by price range, square footage, number of [...]
Burlington real estate prices still steady?
Published on August 9th, 2008 in real estate values. 0 CommentsAccording to a report on MSN Money in May, Burlington and South Burlington real estate prices have increased by 51.11 percent over the last five years, and went up .97 percent in the first quarter of 2008 and .56 percent over the prior year. This is in contrast to a report by MSN Money last [...]
Bankrate.com ranks Vermont 47th in closing costs
Published on August 8th, 2008 in Uncategorized. 0 CommentsAccording to the latest report published by Bankrate.com, Vermont now ranks 47th in closing costs in the US, dropping from 30th in the 2007 survey. The US average is $3,118 on a $200,000 loan, assuming good credit and 20 percent down. New York is the highest at an average cost of $4,015. Vermont Loan amount: [...]
Vermont farm land value continues to increase
Published on August 6th, 2008 in real estate values. 1 CommentThe Providence Business News web site reports that farm real estate values in Vermont and other New England states continues to increase, according to the US Department of Agriculture. “The highest farm real estate values remained in the Northeast region, where development pressure continued to push the average value to $5,080 per acre.” The study [...]
Essex real estate values rise
Published on August 4th, 2008 in market news and real estate values. 0 CommentsThe number of homes sold in Essex [Vermont] continues to fall, but the selling prices are higher than ever. The median cost of a home with less than six acres in Essex rose to $263,000 through June — a $3,000 increase since last year and a $75,000 increase since 2003, according to the Vermont Department [...]