Blog :: 04-2015

Westlake, College and Battery, Hinds Lofts, The Vermont House...Breaking Down Burlington's Most Popular Condo Buildings

  • By
  • Posted

Westlake, College and Batter, Hinds Lofts, The Vermont House...Breaking Down Burlington's Most Popular Condo Buildings

Living in downtown Burlington is a great choice for many.  Why wouldn't it be?  If you pick your condo right, you can easily be just steps from the beautiful Burlington Waterfront, the popular Church Street Marketplace, plenty of parks, the Bike Path, and countless shopping and eating opportunities.  So which condo development is best for you?  Today we'll exprlore some of the selling benefits to each of the more popular projects we find buyers gravitating to; Westlake, College and Battery, Hinds Lofts, and the Vermont House.  

Now, as far as affordability and value goes, the Vermont House is the way to go.  Here you can find quaint 1 and 2 Bedroom apartments, often for the sub-$300k price point.  The higher you get in the building, and the better the views get you should expect slightly higher pricing.  Located at the Corner of Main and St Paul, the Vermont House has one of the best locations in town.  Stroll across main St to he park, or simply head a block east and find yourself right in the center of Church St.  Parking can be a problem as there is a wait list for the private parking lot for the building, but we're told the wait is only 6 months or so, depending on attrition.  http://www.vtbuyer.com/burlington-condominiums/the-vermont-house/

Just down the Street from the Vermont House, you'll find the Hinds Lofts located at 161 St Paul St.  Developed in recent years, the Hinds Lofts is an excellent example of the successful rehabilitation of an antiquated building in downtown Burlington for residential use. The developers maintained the character of the building, yet introduced modern touches and conveniences into the construction of the condominiums which offer a unique living experience. The Hinds Lofts are an easy walk to the Church St Marketplace, the Flynn Theater, and the countless other amenities within beautiful downtown Burlington. The project consisted of just 15 condominiums upon original construction, but the marketing of resale units occasionally arises.  http://www.vtbuyer.com/burlington-vt-real-estate/hinds-lofts/

Geeting a bit closer to the Lake, we'll head West and find College and Battery--of Burlington's finest condominium projects.  Ranging from 1 Bedroom Flats, to 3 and 4 bedroom units and large penthouses, College and Battery boasts not only an ideal location in the heart of Burlington, but most units have fantastic views of Lake Champlain and the Adirondack Mountains.

Enjoy walking to the waterfront, or the Church St Market place for shopping, restaurants, and all that Burlington has to offer- right from your front step.  The condominiums have reserved parking in the private garage, storage in the basement, and secured locked entrances. 

Along with being the exclusive builder for College and Battery, Dousevicz Real Estate was also one of the active brokerage firms used in the marketing of the project when it was first completed. This experience coupled with Brad’s extensive knowledge of the downtown Burlington luxury condominium market from being the marketing broker for a similar luxury condo project, The Westlake, offers Brad the level of experience you will not find in another agent.  http://www.vtbuyer.com/burlington-vt-condos-for-sale/college-and-battery-condos/

The Westlake is one of Dousevicz Real Estate’s most recent and ambitious development and construction projects to date. Consisting of 32 luxury condominiums with sweeping views of the Adirondacks and Lake Champlain, the Westlake is one of Burlington’s most desirable addresses. The condos at Westlake mostly consist of 2 Bedroom, 2 Bath open layouts that benefit from the best location and views in Burlington.  Prices generally range from the low $400k's for lower floor units to over $1,000,000 for upper floor and penthouse units.  Most of the units at Westlake were fully customized during construction so many units are unique in design and floorplan!  http://www.vtbuyer.com/burlington-vt-condos-for-sale/the-westlake/

Although we only explored four projects here today, there are plenty of other condominium projects in Burlington, depending on which location you desire.  Please call or email Brad today to help in your customized search for Burlington Condos!  

South Burlington Market Statistics for Condominiums and Single Family Homes For March 2015

  • By
  • Posted

South Burlington Market Statistics for Condominiums and Single Family Homes For March 2015

One of the hottest markets in Chittenden County, and one of the overall most active markets in the entire state of Vermont, is South Burlington.  It's no surprise that locals and transplants alike flock to the City of South Burlington, located just a few miles to the South of Vermont's largest city, Burlington.  South Burlington has some of the best school systems around (although I've told clients time and time again that you really can't go wrong with any of the school systems anywhere in Chittenden County), has great shopping opportunities (Hannafords, Lowes, Trader Joes, Healthy Living, University Mall to name a few), and a fanatastic location near Burlington, Williston, Essex, and easy acces to I-89.  Nearly any home in South Burlington can be deemed "well located" when looking at accessibility to shopping, schools, and employers, but you can also find privacy in select areas or homes and condos with a more "urban" feel.  Frankly, the City of South Burlington has it all.  So, what does all of this mean for market data?  Pricing, median sales, etc?  

Let's explore the data for March, 2015 to give you a snapshop of what you can expect when you buy that next home or condo in this highly desirable location in Vermont:

There were 42 new condo and home listings and 22 sold listings for the month of March.  More importantly, there were 40 "pending" listings which means they will close in the near future, likely 4-6 weeks.  The average sales price for the month was $314,000, which was an 18% increase from the previous month.  The average sales price the same period for 2014 was only $268,000, which means the market in South Burlington active and improving.  The average days on the market was 82, which was a decrease of over 35% from the previous month.  The average days on the market this time a year ago was 85 days.  

Overall the market in Chittenden County, and specifically South Burlington, is healthy and showing improving property values as we exit the first quarter of 2015.  This type of healthy market is precisely why Dousevicz Inc is going to be launching two new neighborhoods in South Burlington the later part of 2015, totalling a combined 159 housing units.  If you would like information on buying your next home or condo in South Burlington, call Brad today at 802-238-9367 or email him at dousevicz@gmail.com.  Here's to Spring!