Williston VT and Burlington VT Area Commercial Real Estate Market Update

It's summer in Williston, Vermont and no one needs to be told that today’s commercial real estate market is turbulent. It seems like every time you turn on the news or read the paper someone is doling out more ‘expert’ advice on the current state of the commercial real estate market and local homes for sale. One-minute things are on the rebound and the next, it’s time to jump ship. What are you supposed to believe? This kind of contradictory reporting is exactly the kind of thing that puts the commercial real estate market into a deep freeze. Nobody wants to buy a new home for sale if the price is going to freefall the next month and no one wants to put their home on the market in Williston or Burlington when prices are at their lowest. 

 

Williston, VT is an interesting place to practice commercial Real Estate. We are sheltered from a lot of the commercial real estate trends being experienced elsewhere in the country but at the same time there isn’t a whole lot of commercial real estate market data or commercial real estate market predictions being reported in Williston, VT. The result is a relatively strong commercial real estate market with forecasting and commercial rela estate market analysis that isn’t necessarily relevant to Williston VT, Esse, VT or Burlington, VT. Fortunately there are a lot of really knowledgeable Realtors in the area,like Nicole Senecal, that know the ups and downs of the local commercial real estate market and homes for sale better than the press or anyone else in Williston, VT. Here are some numbers for you to think about when making your decision whether to buy or sell your home or commercial property in the near future.

 

In April of 2008 there were 101 residential homes for sale that were sold. Compare that with April of this year, which saw 91 homes for sale were sold, and a 10% drop doesn’t sound that bad considering all the negative talk and the issues with the commercial real estate market and drop in commercial propery values. Prices have declined a bit, but it has only helped to spur sales.  Looking at the current inventory of commercial real estate williston, vt and commercial real estate VT, it appears that now is the time to start thinking about that condo purchase, home for sale in shelburne, VT home for sale in Essex, VT, or commercial real estate and office space in Williston, VT. There are over 300 Condos on the market right now in Chittenden County and with mortgage rates at historic lows and affordability at an all time high now might be the time! Perhaps you have a child attending UVM for 4 years. Why not build equity and give you children a clean, safe place to live at the same time?