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Vermont Real Estate Overview

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Vermont is a wondrous place to live. From the lush Green Mountains that morph into a blaze of color in the fall, to fun and festive ski towns, to quaint and tranquil villages, to bustling urban living, Vermont is a wonderland of beauty and diversity. Those fortunate enough to live there will certainly tell you so.

In the past, Vermont was seen more as a tourist destination, and less as a relocation option. That has changed in recent years. Much of the state is growing, as it has become a real estate trend to see weary city-dwellers sell everything and settle in Vermont and other areas in Northern New England.

In Vermont’s real estate scene, urban, suburban, and rural homes can be found all across the state. Single family homes can generally be found on the market at all prices from entry level to distinctive homes. Naturally, location, size, and amenities significantly impact the price.

In recent statistics, the median price for a single-family home was $187,500, jumping 17.7% from the previous year. 2005 was a down-year in term of New England real estate, but experts predict the market to gain momentum once more as 2007 approaches.

New housing construction costs per square foot depend on the quality of materials used. The cost of the lot factors in as well. Many condominiums are available for sale, both new and resale. Complexes often include swimming pools, tennis courts and other facilities.

Some people argue Vermont is facing a serious housing shortage, because there is not enough new construction to meet the demands of the growing number of residents. The shortage is driving up existing home prices, as well as rental costs. As a result, Vermont has become one of the most expensive states in the nation in terms of housing costs.

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