Real Estate Market Update for Burlington, VT
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was up 11% from one year earlier, and down 11% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 300-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 3%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 210-thousand dollars. The number of units sold decreased 37% year-over-year, and decreased 35% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Burlington, VT
Area Information for Burlington, VT
  • Population: 42,979
  • Median Age: 26.77 yr
  • Median Commute Time: 14.91 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 4,170/sq mi
  • Population Change Since 2000: 10.47%
  • Closest Airport: Burlington International
  • Closest College: Burlington College
  • Closest Jr. College: Community College Vt-winooski Campus
  • Median Household Income: $39,636
  • Annual Residential Turnover: 23.8%
  • Median Years in Residence: 2.57 yr
  • Median Home Sales Price: $243,000
  • Closest Major Sports Team: Montreal Canadians
  • Change Avg. Household Income Since 2000: 18%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Burlington, VT
Median Age: 26.77 Married: 20% Number of Households: 16,200 Households with Children: 3,353
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Burlington, VT

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Rick Marcotte Central School 0.7 mi Public K-5 4-5 5
      Chamberlin School 0.7 mi Public K-5 3-5 3
      Mater Christi School 1.2 mi Catholic PRESCHOOL-8 0 4
      Frederick H. Tuttle Middle School 1.3 mi Public 6-8 4-5 4
      Centerpoint School 1.4 mi Private 7-12 0 0
      South Burlington High School 1.4 mi Public 9-12 5 4
      Edmunds Elementary School 1.5 mi Public K-5 3-5 5
      St. Francis Xavier School 1.5 mi Catholic PRESCHOOL-8 0 5
      Edmunds Middle School 1.6 mi Public 6-8 3 3
      Winooski High School 1.7 mi Public 9-12 1 1
      Winooski Middle School 1.7 mi Public 6-8 0 2
      J. F. Kennedy elementary School 1.7 mi Public PRESCHOOL-5 1 2
      Christ The King School 1.8 mi Catholic PRESCHOOL-8 0 4
      Rice Memorial High School 1.9 mi Catholic 9-12 0 5
      St. Joseph School 2.0 mi Catholic PRESCHOOL-8 0 4
      Wheeler School 2.0 mi Public PRESCHOOL-5 0 0
      Sustain Ability Academy 2.1 mi Public PRESCHOOL-5 0 0
      Champlain School 2.2 mi Public K-5 3-5 4
      The Baird School 2.7 mi Private 1-8 0 4
      Orchard School 3.0 mi Public PRESCHOOL-5 4 5
      Rock Point School 3.2 mi Private 9-12 0 3
      Burlington Senior High School 3.2 mi Public 9-12 3-5 4
      Burlington Technical Center 3.2 mi Public 11-12 0 0
      Vermont Commons School 3.4 mi Private 7-12 0 4
      North Avenue Christian School 3.5 mi Private PRESCHOOL-PRESCHOOL 0 5
      C. P. Smith School 4.1 mi Public K-5 2 5
      The Schoolhouse Learning Center 4.1 mi Private PRESCHOOL-6 0 5
      Lyman C. Hunt Middle School 4.4 mi Public 6-8 2 3
      J. J. Flynn School 5.0 mi Public PRESCHOOL-5 1 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Burlington, VT
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.