“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

About Lamoille County, VT

Stowe Vermont - New England's Ski Capital on ABC's Good Morning America

Teresa Merelman, ABR, CRS, e-PRO, RSPS, GREEN: Real Estate Agent in Stowe, VT

Stowe, Vermont - New England's Ski Capital featured on ABC's Good Morning America

The Good Morning America Show of ABC came to Stowe, Vermont in January 2010.  They produced a video about Stowe, Vermont.  As a Virginia/Washington D.C. transplant to Stowe in 1987, I feel it captures the essence of our town quite well.  I decided to share it with you just in case you missed it!  

 

For More Information about:

Stowe Mountain Resort - Stowe, Vermont

Trapp Family Lodge - Stowe, Vermont

Golden Eagle Resort - Stowe, Vermont

Local Activities, Hotels, Restaurants - Stowe Area Association

If you would like to check out the Stowe Real Estate Market, below are links to specific MLS searches:

Stowe Vermont Homes - Luxury Homes

Stowe Vermont Homes - Priced Between $500,000 to $1,000,000

Stowe Vermont Homes - Priced Between $50,000 to $500,000

Give me a call at (802) 253-8484 or e-mail me at Teresa@StoweUSA.com if you'd like to see any of Stowe's properties. 

 

Stowe Vermont Condo and Townhome Sales - Market Report 2005 through 2009

Teresa Merelman, ABR, CRS, e-PRO, RSPS, GREEN: Real Estate Agent in Stowe, VT

Stowe Vermont Condo and Townhome Sales - Market Report 2005 through 2009

Stowe, Vermont as a four season resort has many condo/townhome projects. The majority of theseStowe Townhomes Spruce Peak properties are owned by second home and vacation home owners. As a result of the real estate bubble in 2005, the stock market crash in 2008, and the recession of 2009, it is not surprising to see a reduction in sales. To further complicate condo sales, the mortgage companies have made the purchase of condos, especially in a resort town, much more difficult. Below are market statistics by year with accompanying charts. You can click on the charts to enlarge them. The statistics are from the Vermont Real Estate Information Network MLS. The majority of sales are reflected in the market reports.

2005 Stowe Vermont Condo Sales
Stowe Vermont Condo Sales 2005# of Units Sold: 46
Average List Price: $364,415 Average Sale Price: $352,040
Median List Price: $352,000 Median Sale Price: $345,000
Average # of Listings: 43
Average Price per Finished Square Foot Sold: $239
Average Days on Market: 103

2006 Stowe Vermont Condo Sales
Stowe Vermont Condos Sales 2006# of Units Sold: 39
Average List Price: $440,215 Average Sale Price: $419,273
Median List Price: $295,000 Meidan Sale Price: $285,000
Average # of Listings: 66
Average Price per Finished Square Foot Sold: $234
Average Days on Market: 151

2007 Stowe Vermont Condo Sales
Stowe Vermont Condos Sales 2007# of Units Sold: 27
Average List Price: $459,530 Averag Sale Price: $437,752
Median List Price: $399,900 Median Sale Price: $387,000
Average # of Listings: 73
Average Price per Finished Square Foot Sold: $252
Average Days on Market: 222

2008 Stowe Vermont Condo Sales
Stowe Vermont Condo Sales 2008# of Units Sold: 23
Average List Price: $326,300 Average Sale Price: $294,261
Meidan List Price: $220,000 Median Sale Price: $220,000
Average # of Listings: 78
Average Price per Finished Square Foot Sold: $202
Average Days on Market: 289

2009 Stowe Vermont Condo Sales
Stowe Vermont Condo Sales 2009# of Units Sold: 17
Average List Price: $401,970 Average Sale Price: $368,530
Median List Price: $310,000 Median Sale Price: $299,000
Average # of Listings: 88
Average Price per Finished Square Foot Sold: $237
Average Days on Market: 296

Comparison Chart - Stowe Condo Sales 2005 through 2009

Stowe Condos Sold Chart 2005 through 2009Basically, the number of condos sold has decreased, the inventory has increased, the Days on Market has increased; however, the pricing has held and the value has remained. There is a great selection and variety to choose from.

Search for Condos and Townhomes Available Here

Give me a call. I am happy to help!

The compilation of information is copyrighted and may not be reprinted without my permission.

Stowe Vermont Home Sales - Market Report 2005 through 2009

Teresa Merelman, ABR, CRS, e-PRO, RSPS, GREEN: Real Estate Agent in Stowe, VT

Stowe Vermont Home Sales - Market Report 2005 through 2009

Stowe, Vermont is a beautiful, four season resort town. Stowe has a full time population of about 4,500Stowe Vermont Home for Sale people. Many of Stowe homes and condos are vacation and second homes. As anticipated, the number of homes sold in 2009 were down. Below are market statistics by year and a chart for each year. The data used is from the Vermont Real Estate Information Network MLS. Most of Stowe's sales are through the lcoal MLS. You can click on the charts for enlarged versions. Towards the end of this article, is a year to year comparison.

2005 Stowe Home Sales
Stowe Homes Sold 2005# of Homes Sold: 82
Average List Price: $735,080 Average Sale Price: $682,000
Median List Price: $495,000 Median Sale Price: $475,000
Average Number of Homes on the Market: 74
Average Price per Finished Square Foot Sold: $224
Average Days on Market: 135

2006 Stowe Home Sales
Stowe Home Sales 2006# of Homes Sold: 74
Average List Price: $680,177 Average Sale Price: $637,664
Median List Price: $549,000 Median Sale Price: $507,500
Average Number of Homes on the Market: 95
Average Price per Finished Square Foot Sold: $214
Average Days on Market: 150

2007 Stowe Home Sales
Stowe Home Sales 2007# of Homes Sold: 74
Average List Price: $710,001 Average Sale Price: $652.098
Median List Price: $499,000 Median Sale Price: $450,000
Average Number of Homes on the Market: 109
Average Price per Finished Square Foot Sold: $219
Average Days on Market: 197

2008 Stowe Home Sales
Stowe Home Sales 288# of Homes Sold: 52
Average List Price: $556,960 Average Sale Price: $535,481
Median List Price: $492,000 Median Sale Price: $445,000
Average Number of Homes on the Market: 135
Average Price per Finished Square Foot Sold: $202
Average Days on Market: 215

2009 Stowe Home Sales
Stowe Home Sales 2009# of Homes Sold: 46
Average List Price: $603,757 Average Sale Price: $542,022
Median List Price: $494,000 Median Sale Price: $456,250
Average Number of Homes on the Market: 133
Average Price per Finished Square Foot Sold: $185
Average Days on Market: 165

The trends in Stowe tend to mirror other resort towns. Basically, the number of homes sold has Stowe Homes Sold 2005 through 2009decreased, the average number of listings has increased, the average list and sale prices have decreased as has the average price per square foot, and the number of days on the market has increased since 2005.

Of interest is that the 4th quarter of 2009 had a significant increase in the number of sales and the number of homes placed under contract.

I have been a Realtor in Stowe since 1998. I have never seen a better time to buy. Take advantage of the higher than normal inventory, the lower than normal prices, the low mortgage interest rates, and first time buyer/move up buyer tax credit before it is too late.

Click on the links below for MLS information on homes in Stowe, Vermont for Sale:

Stowe Vermont Homes for Sale $50,000 to $500,000

Stowe Vermont Homes for Sale $500,000 to $1,000,000

Stowe Vermont Homes for Sale $1,000,000 plus

Stowe Vermont Homes - Foreclosures

Give me a call. I'd be happy to help!

Stowe Vermont Land Sales - Market Report for Years 2005 through 2009

Teresa Merelman, ABR, CRS, e-PRO, RSPS, GREEN: Real Estate Agent in Stowe, VT

Stowe Vermont Land Sales - Market Report for Years 2005 through 2009

Vermont Land For SaleNow that 2009 is over, I have been compiling my year end data for my sales reports. I decided to start with Stowe Land Sales because there was not much activity with land sales in 2009. Land is hard to quantify because prices vary so much based on factors not easily apparent. Such factors include:

1. Size of Lot - Generally, the larger the lot, the less it will cost based on a per acre formula.
2. Location of Lot - Some neighborhoods are definitely more desirable.
3. Views from Lot - a View of Mt. Mansfield can definitely command a higher price.
4. What's Included in the Price? - Survey, Septic Design, Subdivision, Covenants, View Easements, Power to Site, Fuel availability, Access/Driveway, Required Clearing, Topography (blasting costs), Ridgeline Overlay District, Land Gains Taxes, and the list goes on....

The obvious appeal of land to buyers is that you can built what you want. Vermont, like most of New England, tends to have older homes. I recently represented successful buyers of large Stowe parcel. TheGreen Home new owners plan to build a "GREEN" home using solar and wind as their primary sources of energy. I look forward to watch the construction of this home and feel it will be a great asset to Stowe.

Below are the Statistics for Stowe Land Sales. They are based on land sold and reported through our MLS system and therefore do not reflect private sales. Click on the appropriate chart for a Larger Version of Sales History:

STOWE LAND SALES 2005: Average List Price $478,020 Average Sale Price $444,225
Stowe Vermont Land Sales 2005 Median List Price $310,000 Median Sale Price $295,000
Avg. # Listings/Month: 30 # Sold: 20 Avg. Price/Acre Sold $36,650

STOWE LAND SALES 2006: Average List Price $342,200 Average Sale Price $316,472
Stowe Vermont Land Sales 2006 Median List Price $286,250 Median Sale Price $258,750
Avg. # Listings/Month: 60 # Sold: 12 Avg. Price/Acre Sold $38,551



STOWE LAND SALES 2007: Average List Price $577,711 Average Sale Price $498,947
Stowe Vermont Land Sales 2007 Median List Price $375,000 Median Sale Price $350,000
Avg. # Listings/Month: 65 # Sold: 19 Avg. Price/Acre Sold $31,580

STOWE LAND SALES 2008: Average List Price $472,231 Average Sale Price $412,962
Stowe Land Sales 2008 Median List Price $295,000 Median Sale Price $278,000
Avg. # Listings/Month: 55 # Sold: 13 Avg. Price/Acre Sold $30,270

STOWE LAND SALES 2009: Average List Price $504,714 Average Sale Price $413,429
Stowe Vermont Land Sales 2009 Median List Price $495,000 Median Sale Price $400,000
Avg. # Listings/Month: 60 # Sold: 7 Avg. Price/Acre Sold $39,517

Summary - The number of sales in 2009 were certainly down. Not too surprising given that we have been in a recession. Also, land owners don't tend to be that motivated to sell as their cost of holding is not nearly as high as homeowners. Many buyers are looking for existing homes with motivated sellers in the hopes they can renovate or tear down the home and then build. What I did find interesting was that the cost per acre sold in 2009 was higher than the past 4 years. Also, the Average and Median Sale prices were higher than 2008 and 2006.

Stowe has some great lots on the market! CLICK HERE FOR ALL STOWE LAND FOR SALE
We have some great builders in the area who would be happy to build your Dream Home.

Contact me for additional information about Stowe Land for Sale and the Stowe Real Estate Market. Please note that the above compilation of sales information is Copyrighted and may not be reprinted or used without my written permission.

Stowe Vermont Condos and Townhomes for Sale

Teresa Merelman, ABR, CRS, e-PRO, RSPS, GREEN: Real Estate Agent in Stowe, VT

STOWE VERMONT CONDOS FOR SALE:

Stowe Mountain Resort The Stowe, Vermont area has many different condo/townhome projects. Each is unique in its offerings.

  • Some considerations to keep in mind when purchasing a condo are:
    Association Fees - How much are they and what do they cover?
    Condo Bylaws
    Amenities - What are the amenities (pool, tennis courts, clubhouse, etc.)?
    No Pets AllowedPets Allowed? Rentals Allowed and/or Limited?
    Location - good for rentals?
    Full Ownership? or Quartershare/Fractional Share?

Below are searches based on each project.

STOWE CONDOS AND TOWNHOMES:

Covered Bridge Townhomes - off Mountain Road
Depot Street - Stowe Village Area
Fox Hill - Stowe Mountain Road - Cottage Club Road
The Lodge - Stowe Mountain Road
Mill Pond - Stowe Village Area
Mount Mansfield Townhomes - Stowe Mountain Road
Mountain View Condos - Mountain Road
Mountainside Condos - Mountain Road
Notchbrook Condos - Mountain Road
River Court - Village Area
River Walk Townhomes - Mountain Road
Rivers Edge Condos - Village Area
Spruce Peak Mountain Cabins - At Spruce Peak
Stonybrook Townhomes - Luce Hill Road
Stowe Mountain Lodge - At Spruce Peak
Stoweflake Townhomes - Mountain Road
The Lofts at Palisades - Stowe Village
Topnotch Townhomes - Moutain Road
Village Green Condos - Cape Cod Rd. off Mountain Road
Villas At Trapp Family Lodge - Luce Hill Road
Weeks Hill Meadow Townhomes - Off Moutain Road
ALL STOWE CONDOS and TOWNHOMES
Stowe Timeshares, Fractionals and Quartershares

MORRISTOWN CONDOS AND TOWNHOMES:

Brooklyn Heights - Off Rte. 100 close to Rte. 15
Jersey Court - Off Rte. 100 between Morristown and Stowe
Whispering Pines - close to Copley Hosptial
ALL MORRISTOWN CONDOS and TOWNHOMES

WATERBURY CONDOS AND TOWNHOMES:

ALL WATERBURY CONDOS and TOWNHOMES