Stowe Vermont Real Estate Market - Home, Condo and Land Sales - Statistics

STOWE VERMONT REAL ESTATE MARKET - STATISTICS ON HOME, CONDO AND LAND SALES - October 1, 2009

The Stowe Vermont Real Estatehas completed three quarters of sales history in 2009. So I thought it would be an appropriate time to take a look at the sales, pendings, and active listings for Stowe Homes, Condos and Land. The data was compiled from our MLS system and does not include private sales.

STOWE VERMONT HOMES MARKET:

As of 10/1/2009, there have been 23 homes sold. The average list price was $533,957 and the average sale price was $481,896. The Average Days on Market was 164. The median list price was $435,000 and median sale price was $399,000. The Median Days of Market was 151. The Average Price per Finished Square Foot Above Grade Sold was $193. There are 149 Active Homes on the market as of 10/1/09. There are 14 homes "Pending" with 5 priced between $0 - $500,000, 6 priced between $500,000 and $1.0m, and 3 priced above $1.0m. Stowe is certainly seeing an increase in home contracts.

CHART OF STOWE HOME SALES AS OF October 1, 2009

COMPARISON TO 2008: In 2008, a total of 52 homes sold. The average list price was $556,960 and average sale price was $535,481. The median list price was $492,000 and the median sale price was $445,000. The average DOM was 215 and the median DOM was 171. The average price per finished square foot above grade was $202.

COMPARISON TO 2007: In 2007, a total of 74 homes sold. The average list price was $710,000 and the average sale price was $652,098. The median list price was $499,000 and the median sale price was $450,000. The average DOM was 197 and the median DOM was 161. The average price per finished square foot above grade was $219.

STOWE VERMONT CONDO MARKET AS OF OCTOBER 1, 2009:

As of October 1, 2009 there have been 11 condos sold. The average list price was $428,727 and the average sale price was $387,420. The median list price was $299,500 and the median sale price was $290,000. The average DOM was 366 and the median DOM was 300. The average price per finished square foot above grade was $213. There are 100 condos actively on the market and there are 3 condos pending.

CHART OF STOWE CONDO SALES AS OF OCTOBER 1, 2009

Comparison to 2008: In 2008, 23 condos sold. The average list price was $326,300 and the average sale price was $294,261. The median list price was 220,000 and the median sale price was $220,000. The average DOM was 289 and the median DOM was 242. The average price per finished square foot above grade was $202.

Comparison to 2007: In 2007, 27 condos sold. The average list price was $459,530 and the average sale price was $437,752. The median list price was $399,900 and the median sale price was $387,000. The average DOM was 222 and the median DOM was 163. The average price per finished square foot above grade was $252.

STOWE VERMONT LAND SOLD AS OF OCTOBER 1, 2009

As of October 1, 2009 there have been 4 lots sold. The average list price was $627,250 and the average sale price was $511,250. The median list price was $647,500 and the median sale price was $560,000. The average DOM was 332 and the median DOM was $125. The average price per acre was $55,860. As of October 1, 2009, there were 57 lots actively on the market. There is 1 lot pending.

CHART OF STOWE LAND SOLD AS OF OCTOBER 1, 2009

Comparison to 2008: In 2008, 13 lots sold. The average list price was $472,231 and the average sale price was $412,962. The median list price was $295,000 and the median sale price was $278,000. The average DOM was 464 and the median DOM was 350. The average price per acre sold was $30,270.

Comparison to 2007: In 2007, 19 lots sold. The average list price was $577,711 and the average sale price was $498,947. The median list price was $375,000 and the median sale price was $350,000. The average DOM was 217 and the median DOM was 149. The average price per acre sold was $31,580.

GENERAL COMMENTS: As in many markets, Stowe has a higher inventory of homes, condos and land than in the past. The average and median prices have gone down, the number of sales have decreased, and the days on market has increased.

STOWE CHART OF ACTIVE LISTINGS AS OF OCTOBER 1, 2009

At this time, it appears that homes are getting the most attention from potential buyers. Stowe has many vacation, 2nd homes, and investment properties. There are some very good buys right now. You just need to know where the real value is!

Below are links to Stowe Vermont Real Estate:

Stowe Vermont Homes For Sale
Stowe Vermont Condos for Sale
Stowe Vermont Land for Sale

Feel free to give me a call whether you are thinking of buying a property, selling a property, or just want to talk about the market conditions!

Teresa Merelman, Broker
ABR, CRS, e-PRO, GREEN, RSPS
Stowe Realty
(802) 253-8484 - Office
(802) 793-5171 - Cell
Teresa@StoweUSA.com
www.StoweUSA.com