About Lamoille County, VT

Stowe, Vermont is home of The Stowe Derby, the oldest combined downhill/cross-country ski race in North America. Mark your calendar for this 67th annual race on Sunday, January 26th, 2012.

The Derby - What's this all about?

"The Derby", as locals call it, is a skiing race that starts at the top of Vermont's highest peak, Mt. Mansfield, and ends 20km (12.4 miles) and 2,600 vertical feet later in Stowe Village. The race combines down-hill skiing with cross-country skiing...all in one race, all on just one set of skis!

This whole concept started back in 1945 when Austrian Sepp Ruschp (1908-1990) and world famous Norwegian mountaineer, Erling Strom (1897-1986) cooked up a wild race idea. Can't you just hear them? "Oh no, down-hill is the most challenging and difficult", "no, cross-country is...". The Derby was born. (I think the same type of conversation was had when Triathlons were created.)

Mr. Ruschp came to the United States at the invitation of the Mount Mansfield Ski Club to be a ski instructor and coach the University of Vermont team. Mr. Strom and Mr. Ruschp were pioneers in North American skiing and left legacies that helped define winter sports for generations. Sepp Ruschp won the first Derby.

The Race: One pair of skis - two types of terrain:

Just like the first meeting of these amazing skiers 67 years ago, today's race requires skiers to use only one pair of skis for the full race and cover terrain that challenges expert downhill skiers and cross-country skiers. A race of speed or endurance? Well, both! The first racers to cross the finish line will complete the course in 45 minutes.....most skiers will require nearly 2 hours to cover the main race course. Then, there are the Derby Meisters....

Are you a Derby Meister? If you think of this race as a type of "Half Marathon", you can ski a "Full Marathon" and complete the race course TWICE...the first time freestyle (or skating) then then the "classic" which is cross-country skiing. at is designed for both down-hill racing and cross-country. For those familiar with the Stowe area, the course starts at the top of Mt. Mansfield, heads down the "Toll Road" and connects to the Stowe Recreation path. Covering the full length of the 5.2 mile Rec Path, the race ends in Stowe Village.

If you're feeling ambitious and you want to try a Derby or a Derby Meister....registration is open until February 24th here: https://www.skireg.com/net/registration/Confirmed.aspx?EventID=3261

If you've completed the Stowe Derby, let us know! Post a comment. We'd love to hear from you.

Cheers and happy skiing!

Caroline

Photo Credit: Mount Mansfield Ski Club - Used with Permission

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.

Stowe Vermont Land Sales - Market Report for Years 2005 through 2011

Now that 2011 is over, I have been compiling my year end data for my sales reports. 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 build what you want. Vermont, like most of New England, tends to have older homes. I recently represented successful buyers of large Stowe parcel. The 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
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
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
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
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
Median List Price $495,000 Median Sale Price $400,000
Avg. # Listings/Month: 60
# Sold: 7
Avg. Price/Acre Sold $39,517

STOWE LAND SALES 2010

Average List Price: $359,267 Average Sale Price: $320,000
Median List Price: $250,000 Median Sale Price: $187,000
Avg. # of Listings/Month: 65
# of Lots Sold: 9
Avg. Price/Acre Sold: $56,720

STOWE LAND SALES 2011

Average List Price: $442,500 Average Sale Price: $404,167
Median List Price: $310,000 Median Sale Price: $262,500
Avg. # of Listings/Month: 79
# of Lots Sold: 6
Avg. Price/Acre Sold: $60,308

COMPARISON CHART of Stowe Land Sales - 2005 through 2011

Summary - The number of sales in 2011 were down over 2010. The Average Lot Size was 6.7 acres. The smallest lot sold was .23 acres located on Spruce Peak and sold for $1,100,000. The largest lot sold was 10.8 acres and sold for $275,000.

Land inventory is a bit up and days on market is down.

I further note that land sales have been down since earlier years. Generally, landowners have a lower holding cost compared to home/condo owners and do not tend to be as motivated to sell as home owners. The value of land is inherit to it's uniqueness and the ability of the owners to build the home of their of their dreams.

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.

Also, see my reports for:

Stowe Vermont Home Sales - 2005 through 2011

Stowe Vermont Condo/Townhome Sales - 2005 through 2011

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 Home Sales - Market Report 2005 through 2011

Stowe, Vermont is a beautiful, four season resort town. Stowe has a full time population of about 4,500 people. Many of Stowe homes and condos are vacation and second homes. Below are market statistics by year and a chart for each year. The data used is from the Northern New England Real Estate Network MLS. Most of Stowe's sales are through the local 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
# 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
# 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
# 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
# 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
# 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

2010 Stowe Home Sales

# of Homes Sold: 57
Average List Price: $692,109 Average Sale Price: $625,321
Median List Price: $529,000 Median Sale Price: $490,000
Average Number of Homes on the Market: 141
Average Price per Total Finished Square Foot Sold: $191
Average Days on Market: 225

2011 Stowe Home Sales

# of Homes Sold: 69
Average List Price: $679,939 Average Sale Price: $616,886
Median List Price: $489,000 Median Sale Price: $426,000
Average Number of Homes on Market: 126
Average Price per Total Finished Square Foot Sold: $190
Average Days on Market: 277

STOWE VERMONT HOME SALES - Comparison of Sales from 2005 through 2011:

Stowe Vermont sales data shows that Stowe Home Sales in 2011 have significantly increased over 2009 by 50%. In fact, the number of transactions was up about 21% from 2010. The average number of listings decreased about 11%. The average price per finished square foot sold remained level at $190/sf. The average list price was about 3% lower than 2010 and the average sale price was about 1.5% lower than 2010.

Although the 2011 numbers appear to show that real estate has picked up, we are not at the quantity of sales and higher price levels pre-recession.

I have been a Realtor in Stowe since 1998. This is still a GREAT time to buy! Take advantage of the higher than normal inventory, the still lower than normal prices, the low mortgage interest rates. Click on the links below for MLS information on homes for sale in Stowe, Vermont:

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

MLS Search for Stowe Vermont Real Estate - Various search options including Condos, Land, Commerical, and Multi-Family properties for Sale.

Also, feel free to visit my other Market Reports for Stowe VT Real Estate:

Stowe VT Condo/Towhome Sales - 2005 through 2011

Stowe VT Land Sales - 2005 through 2011

Feel free to contact me for additional information about Stowe Real Estate.

Please note that the above compilations of sales information are Copyrighted and may not be reprinted or used without my written permission.