| State of Vermont bank owned Properties
and homes, real estate auctions and foreclosure information. According
to Vermont Tax Department statistics, the median price for a single-family
vacation home sale processed by the state from March 2005 through June
2005 was about $190,000, a 26 percent increase for the same period the
prior year. Median home prices for primary homes also rose sharply over
the same period, jumping over 17 percent, to $187,500. In January 2007,
Vermont's foreclosure rate amounted to one in every 147,191 households.
With the real estate market as it is, with high foreclosure rates, Vermont
will certainly have it's share of real estate foreclosures.
The largest cities in vermont where
foreclosures and bank owned real estate can be located include the capitla
city of Montpelier, as well as, Burlington, Essex, Rutland, Colchester,
South Burlington, Bennington, Brattleboro, Hartford, Milton and Barre Vermont.
While Vermont has not realized the level of foreclosure activity as many
other places in the country, including other states in New England, the
number of subprime mortgages on the market suggest that there will likely
continue to be bank owned properties and mortgage foreclosures in the Vermont
real estate market.
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owned real estate and foreclosure auctions in Vermont
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bank owned homes, real estate, and auction property on Bank Owned MLS foreclosures |
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