Stowe Vermont Real Estate
Stowe, Vermont is a four-season resort ski town. Like many resort towns, Stowe has a lot of vacation and second homes. We have a full time population of about 4,500 people, but at certain times of the year, our population swells with skiiers, leaf peepers, craft and art fans, antique car show buffs, or just folks from the "big" cities such as NYC, Boston, or Montreal who want to slow down and enjoy the beauty of a New England small town.
But also like many resort towns, the sale of real estate has been slowed down by the recession. 2009 has seen an increase of real estate inventory and a decrease in sales. However, August has seen activity from buyers that we have not seen in awhile. The Realtors® are busy showing homes again! We are even seeing multiple offers again. Although the current sold numbers don't show a dramatic gain, there are currently 10 homes under contract - 4 of which are over $500,000. So far, from Jan. 1, 2009 through August 1, 2009 the Average List Price of homes sold was $588,357 which is higher than 2008. The average Sale Price of homes sold was $521,000 - a bit lower that 2008's $535,000.
CHART - Stowe, Vermont Homes Sold between January 1, 2009 through August 1, 2009
CHART - Stowe Vermont Homes, Condos and Land for Sale - Inventory
It "feels" like the Stowe market it starting to pull out of the slump. If you have been thinking about buying here, this may be a good time to become a buyer. There are some good buys. Just so you know, Vermont has the lowest foreclosure rate in the country, so don't expect to to steal properties, but there are some motivated sellers and well priced properties. Check out the links below for properties for sale in Stowe:
Stowe Vermont Homes for Sale
Stowe Vermont Condos for Sale
Stowe Vermont Land for Sale
Stowe Vermont Commercial Properties for Sale
Stowe Vermont Multi-Unit Property for Sale
Stowe's neighbor to the North, Morristown, continues to have a relatively strong and healthy market. See my report:
Morristown Vermont Real Estate
Stowe's neighbor to the South, Waterbury, also continue to have a relative strong and healthy market. See my report:
Waterbury Vermont Real Estate
Feel free to contact me for more information about the real estate market in this area. I'd be happy to meet with about listing your property or show you properties.
Teresa Merelman Broker
ABR, CRS, e-PRO, GREEN
Stowe, Vermont 05672
(802) 253-8484 - Office
(802) 793-5171 - Cell