Around the Nation -- Residential Real Estate Update - Vermont
ByJeff Adolph
State-by-state
Situated in the New England region of the U.S.A., this state is ranked as the 45th largest by area and the 49th by population with 608,827 people residing in this region.
This states economy relies heavily on government industry, real estate, durable goods, health care and social assistance, as well as retail trade, finance and insurance, construction, wholesale trade, mining and management companies.
Income in this state ranges between 3.6-9.5%, and there is a sales tax of 6%. Property is taxed for the support of education and municipal services.
Burlington
2008 represents a good year to buy and Burlington provides excellent value with a wide range of homes available. There are currently 50-100 homes for sale in this area with an average price of $381,325 and real estate is typically taking 112 days to sell. Whereas, the median price for condos is hovering around the $302,000 mark and they are typically taking 154 days to sell.
LGBT Real Estate Facts: There are approximately 1,933 same-sex couples residing in Vermont making this region the 45th gayest state in America. The gayest zip codes in this locality are 05401 Burlington; 05301, 05403 Brattlebro; 05446 Colchester; 05602 Montpelier; and 05701 Rutland. -- gaydemographics.com
Main Story Source: House Hunt (2008) Real Estate Market Trends; available online at http://www.househunt.com
Picture Source: wikipedia.org
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