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.
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. Clickon the appropriate chart for a Larger Version of Sales History:
STOWE LAND SALES2005:
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 SALES2006:
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 SALES2007:
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 SALES2009:
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.
One of the most beautiful and well located homes in Stowe, Vermont is for sale! I am posting this with permission from the listing brokerage. The photo and description below were provided by the listing brokerage - New England Landmark Realty.
"Built in 2010-2011 this 3BR/3.5B mountain lodge was designed around a recurring theme of birch wood, organic materials, spacious living areas and large windows that take in the incredible mountain vistas. Oversized stepping stones lead guests into the entry hall that seamlessly filters into the cozy gathering room. Soaring ceilings and a warm fireplace create the ideal ambiance for the heart of the home. The eat-in kitchen boasts stainless steel appliances, marble tile and dramatic beamed ceilings. The dining room overlooks the best views on the property with easy access to the deck. The home also features spacious bedrooms, spa-like bathrooms, a viewing annex, a ski dorm, a mud room and a stone terrace with an outdoor kitchen and a hot tub."
The list price is $3,795,000 - completely furnished.
I had the opportunity to see this home prior to it coming on the market. It is truly an incredible and unique property. Below is a slideshow featuring photos I took at the time. If you have interest, give me a call at (802) 793-5171 or e-mail to teresa@StoweUSA.com
Here are other properties for sale located at or close to Stowe Mountain Resort:
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:
Today, Nov 25, 2011, is the first day of "The Christmas Photo Challenge". I love Christmas time so am excited to submit photos dedicated to this special time of year.
Since Thanksgiving just ended, I was hoping to find some of the local Stowe stores decorated for Christmas. I was not disappointed. My first photo is of a stuffed bear that is always decorated for the appropriate holiday in front of a store called Shaws General Store which is located in Stowe Village.
BEAR IN FRONT OF SHAWS GENERAL STORE - Stowe Village, Vermont
11 11 11 11 - in Stowe, Vermont - A Veteran's Day Salute!
Today is November 11th, 2011 - thus 11 11 11. At 11:00 a.m. Stowe had it's annual Veteran's Day Ceremony. This event is always attended by a small group of locals who are always there. It happened to be a great November day with a partial sun and cool - around 45 degrees.
The flag in front of the Akely building was at half mask. The Veterans were wearing their special gear. Prayers were said in honor of the all the veterans. And many tears were shed - too many memories.... Although I was not in the military, I was raised in an Air Force Family. My father served in WWII, the Korean War and the Vietnam War. He is 93 yoa and doing quite well down in Florida. Two of my brothers also served in the Air Force. Although neither were killed in action, both passed away and are at rest in the Arlington National Cemetary.
So my love of country runs deep through my blood. I can still hear "Taps" as it was played everyday on the Air Force Bases - we'd stop our cars and salute whenever we heard it.
One of the many things I love about small towns in Vermont - Stowe in particular - is that these traditions are still honored and are easy to be a part of. You know most of the people there and their stories.
Some say that 11/11/11 is lucky. Some say it's a day when bad things can happen. I think 11 11 11 11 is just perfect for our remembrance of our Veterans. God bless them and keep them always. Thank you Veterans! We do appreciate all you have done and continue to do for our country!
Stowe Vermont - Halloween Ghost Walk and Decorations
Halloween in Stowe, Vermont is a time of tradition. The businesses and homes are decorated with pumpkins, corn husks, ghosts and goblins. There is still color from the end of the foliage season. The Stowe Elementary School kids though, are the best part. Every year, Stowe is home to The Ghost Walk. At about 2:00 p.m., the kids, teachers, staff and many of the parents exit the school and parade through Stowe Village.
Many of the businesses, parents, and locals line the streets to watch the parade. WDEV, a local radio station, plays "halloween" music as the parade of participants display their costumes. The Stowe Police even block the road from traffic. This year, the weather was perfect - 60 degrees and sunny! Even though my two sons have outgrown the parade, I still enjoy watching it and hope you do too! An added treat for me is that I get see some the children of my clients who have moved to Stowe - and this is the type of event that makes Stowe what it is...
The British Invasion - Stowe, Vermont, September 16-28, 2011
Since 1990, Stowe, Vermont has hosted a favorite event known at The British Invasion. It is known as NewEngland's Largest British Automobile Show and Celebration. This year marked the 21st anniversary. The event was greeted by perfect September weather - sunny and 60 degrees with a touch of foliage starting to peep through. As a "local", this is one of my favorite events because I love seeing the English sportscars driving along the Rte 100 and 208 and I love the month of September.
Also, the Town of Stowe goes all out to welcome the cars, their owners, and the enthusiasts who travel here from all over the world. Stowe Village was closed off at dawn for the display of the sportscars in Block Party format. Food and Music were also a part of the festivities. The 2011 event celebrated the Triumph and Morgan - true British sportscar icons. 2011 also marks half a century of the E Type Jaguar - one of the most beautiful and enduring sport scar design of the last century.
On Saturday and Sunday, the sportscars were on display at the Mayo Field. There was also food, beverage and retail vendors. Not only were the cars spectacular, but the joy shown by their owners and admirers was obvious. The appreciation of the beauty of the cars, their history, and condition was evident in every ones faces.
Once again, it was an event well done by its many organizers and sponsors.
If you could not make it this year, I hope you make it a point to come and enjoy it in 2012!
Here is a slideshow of photos I took throughout the event.
The Case of the Missing Flamingos - in Stowe, Vermont
For the past two years, a flock of pink flamingos has been seen about the Town of Stowe. Now flamingos are about as indigenous to Stowe as polar bears are to Florida. The flamingos could be seen hanging out at Ye Olde England Inne, the Stowe Reporter, the Ski Patrol hut, the Stowe Community Church, Frida's, Blue Moon, FixPC, Commodores Inn and the Stowe Police Department. The first time I saw them was when they had congregated in front of the Stowe Reporter. I thought - what in the world? A few weeks later, they showed up at another business. I had no idea what they were doing around town.
It wasn't until they were reported stolen that the story of The Flamingos was made public.
Nancy Stead, a writer for the Stowe Reporter, wrote an article about "the story". Apparently, the flamingos are a symbol of support for Christopher Grimes, age 6, and for all children afflicted with this childhood desease. In September 2009, Christopher was dianosed with stage-four neuroblastoma - a rare form of cancer with a bleak prognosis. Chris has a 3 year old sister named Gillian and a 2 year old brother named Daniel. While Chris was away for a several-month stay in Boston for inital tumor surgery, someone placed the flock of flamingos on the lawn at Chris' home. Since that time, they have been passed from one place to another. They serve as a visual reminder of Chris' disease and to possibly encouage folks to contribute to the fight by contributing to the Christophergrimes site at CaringBridge.org. He has undergone multiple surgeries, chemotherapy and two stem transplants. Apparently, there is no cure and best that can be hoped for is "no evidence of disease".
Chris' mom is hopeful that the flock will be returned. She said she would go and buy a new set of flamingos and hopes the flock will continue to circulate around town as a reminder. If the old set is returned, she will join the newer, pinker ones with the older, faded ones.
The "old" flock of Pink Flamingos were returned via Stowe Animal Control who delivered them back to Chris' home. They now join the new, pinker flock. What a great reminder of Chris' situation and how to help. They currently recide at Ye Olde England Inn and appear to be happy perching above the Mountain Road. Everytime I see them, I will think of Chris and his fight against neuroblastoma.
Here's a photo of both flocks together. Here's to you Chris!
Stowe, Vermont Blog where I write about Stowe Vermont Real Estate, Stowe Events, Stowe Real Estate Market Reports, Waterbury Vermont Real Estate, Morrisville Vermont Real Estate. Stowe Event Slideshows.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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.
because prices vary so much based on factors not easily apparent. Such factors include:
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.
"Built in 2010-2011 this 3BR/3.5B mountain lodge was designed around a recurring theme of birch wood, organic materials, spacious living areas and large windows that take in the incredible mountain vistas. Oversized stepping stones lead guests into the entry hall that seamlessly filters into the cozy gathering room. Soaring ceilings and a warm fireplace create the ideal ambiance for the heart of the home. The eat-in kitchen boasts stainless steel appliances, marble tile and dramatic beamed ceilings. The dining room overlooks the best views on the property with easy access to the deck. The home also features spacious bedrooms, spa-like bathrooms, a viewing annex, a ski dorm, a mud room and a stone terrace with an outdoor kitchen and a hot tub."
n 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.
Today is November 11th, 2011 - thus 11 11 11. At 11:00 a.m. Stowe had it's annual Veteran's Day Ceremony. This event is always attended by a small group of locals who are always there. It happened to be a great November day with a partial sun and cool - around 45 degrees.
Force Bases - we'd stop our cars and salute whenever we heard it. 
Halloween in Stowe, Vermont is a time of tradition. The businesses and homes are decorated with pumpkins, corn husks, ghosts and goblins. There is still color from the end of the foliage season. The Stowe Elementary School kids though, are the best part. Every year, Stowe is home to The Ghost Walk. At about 2:00 p.m., the kids, teachers, staff and many of the parents exit the school and parade through Stowe Village.
local radio station, plays "halloween" music as the parade of participants display their costumes. The Stowe Police even block the road from traffic. This year, the weather was perfect - 60 degrees and sunny! Even though my two sons have outgrown the parade, I still enjoy watching it and hope you do too! An added treat for me is that I get see some the children of my clients who have moved to Stowe - and this is the type of event that makes Stowe what it is... 
Since 1990, Stowe, Vermont has hosted a favorite event known at The
enduring sport scar design of the last century.
o food, beverage and retail vendors. Not only were the cars spectacular, but the joy shown by their owners and admirers was obvious. The appreciation of the beauty of the cars, their history, and condition was evident in every ones faces. 
For the past two years, a flock of pink flamingos has been seen about the Town of Stowe. Now flamingos are about as indigenous to Stowe as polar bears are to Florida. The flamingos could be seen hanging out at Ye Olde England Inne, the Stowe Reporter, the Ski Patrol hut, the Stowe Community Church, Frida's, Blue Moon, FixPC, Commodores Inn and the Stowe Police Department. The first time I saw them was when they had congregated in front of the Stowe Reporter. I thought - what in the world? A few weeks later, they showed up at another business. I had no idea what they were doing around town.
Flamingos was made public.
Chris' mom is hopeful that the flock will be returned. She said she would go and buy a new set of flamingos and hopes the flock will continue to circulate around town as a reminder. If the old set is returned, she will join the newer, pinker ones with the older, faded ones. 
;)
;)
;)
