Property Valuation
Vermont's Burlington metropolitan area real estate market is characterized by:
AUnlimited housing supply with modest price growth
BTight housing supply, strong demand driven by University of Vermont and medical community, and above-average price appreciation✓ Correct
CSeasonal demand only from ski tourists
DDeclining prices due to rural flight
Explanation
Burlington's real estate market is characterized by limited housing supply, strong demand from the University of Vermont, UVM Medical Center, and a growing tech economy, resulting in above-average price appreciation and low vacancy rates.
Related Vermont Property Valuation Questions
- Vermont's 'mass appraisal' system used for property tax purposes differs from individual appraisal in that it:
- Accrued depreciation in a Vermont property appraisal includes all EXCEPT:
- Plottage (assemblage) value refers to:
- When using the cost approach, reproduction cost is the cost to build:
- A Vermont property recently appraised for $400,000. The tax assessor values it at $360,000. The 'assessment ratio' is:
- Vermont's Killington ski resort area properties experience higher value during ski season because of the principle of:
- A Vermont property has effective gross income of $120,000 and operating expenses of $45,000. The net operating income is:
- Vermont appraisers must comply with which national professional standard for appraisal practice?
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →