Stowe Vermont Condo and Townhome Sales - Market Report 2005 through 2009

Stowe Vermont Condo and Townhome Sales - Market Report 2005 through 2009

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 real estate bubble in 2005, the stock market crash in 2008, and the recession of 2009, it is not surprising to see a reduction in sales.  To further complicate condo sales, the 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 Vermont Real Estate Information Network MLS.  The majority of sales are reflected in the 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

Comparison Chart - Stowe Condo Sales 2005 through 2009

Basically, the number of condos sold has decreased, the inventory has increased, the Days on Market has increased; however, the pricing has held and the value has remained.  There is a great selection and variety to choose from. 

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