Stowe Vermont Condo & Townhome Sale - Market Report 2005 through 2011

Stowe Vermont Condo and Townhome Sales - Market Report 2005 through 2011

Stowe, Vermont as a four season resort has many condo/townhome projects. The majority of these properties are owned by second home and vacation home owners. As a result of the tightening of banking regulations, 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 the Northern New Enlgand Real Estate Network MLS. The majority of sales are reflected in these market reports.

2005 Stowe Vermont Condo Sales
# 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
# 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
# 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
# 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
# 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

2010 Stowe Vermont Condo Sales

# of Units Sold: 27
Average List Price: $367,093 Average Sale Price: $338,275
Median List Price: $329,000 Median Sale Price: $295,000
Average # of Listings: 111
Average Price per Finished Square Foot Sold: $196
Average Days on Market: 244

2011 Stowe Vermont Condos Sales

# of Units Sold: 24
Average List Price: $471,708 Average Sale Price: $432,372
Median List Price: $404,500 Median Sale Price: $372,500
Average # of Listings: 110
Average Price per Total Finished Square Foot Sold: $218
Average Days on Market: 248

Comparison Chart - Stowe Condo Sales 2005 through 2011

SUMMARY - The number of condo sales decreased slightly from 27 to 24. The Average List Price of condo sold increased from $359,267 to $442,500 and the Average Sale Price increased from $320,000 to $404,167. The average price per total finished square foot also rose from $196 to $218.

The average inventory remained about the same from 111 units in 2010 to 210 in 2011. The Average Days on Market rose slightly from 244 day to 248 day.

Overall, Stowe condo market activity has slowed a bit, but prices have increased. The inventory and type of condo (low association fees vs. higher fees with amenities) offer a wider variety of choices.

It appears to be a great time to buy, but potential buyers need to understand their financing options.

My office, Stowe Realty, also handles rental properties. The activity/demand for rentals over the past holidays was signicant. We did not have enough properties to rent. As the snow continues to fall, the calls keep coming in. If one is looking for a property with rental potential, please know that rental income is a great way to help support your investment. There is no guarantee though, that you will have a net profit.

Search for Condos and Townhomes Available Here

Stowe Realty - Rental Website

For other Stowe Vermont Market Reports, click on the links below:

Stowe Vermont Home Sales Report - 2005 through 2011

Stowe Vermont Land Sales Report - 2005 through 2011

Need help? Give me a call at (802) 793-5171 or e-mail Teresa@StoweUSA.com

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