Stowe Vermont Real Estate Market - Homes, Condos and Land - Market Report as of September 1,2010
It's been some time since I wrote a report about the Stowe Real Estate Market Trends. Mostly because I was not quite comfortable with the data and needed more time to evaluate it. Overall, the sales of Homes in Stowe have definitely increased over 2009. Stowe condo sales are about on par with 2009 and Stowe Land Sales also seem to be on track. The sales in this report are based on our MLS system and therefore do not include for sale by owners.
CLICK ON THE CHARTS for a LARGER VERSION.
STOWE HOME SALES:
STOWE HOME SALES 2009 CHART
Number of Homes Sold: 46
Average List Price: $603,757
Median List Price: $494,000
Average Sale Price: $542,022
Median Sale Price: $456,250
Average Price Per Total Finished Square Foot: $185.00
STOWE HOMES SALES 2010 CHART as of September 1, 2010
Number of Homes Sold: 36 (as of 9/1/2010)
Number of Homes Under Contract: 9
Average List Price: $713,842
Median List Price: $483,750
Average Sale Price: $641,928
Median Sale Price: $467,500
Average Price Per Total Finished Square Foot: $193.00
Summary of Stowe Vermont Home Sales: The number sold in 2010 will probably be about the same or a bit higher. The average list and sales prices are higher than 2009 and the price per square foot sold is also higher.
STOWE VERMONT CONDOS SALES
STOWE VERMONT CONDO SALES - 2009
Number of Condos Sold: 17
Average List Price: $401,970
Median List Price: $310,000
Average Sale Price: $368,530
Median Sale Price: $299,000
Average Price Per Total Finished Square Foot: $237.00
STOWE VERMONT CONDO SALES- 2010 as of 9/1/2010
Number of Condos Sold: 14
Number of Condos Under Contract: 2
Average List Price: $384,536
Median List Price: $332,250
Average Sale Price: $355,781
Median Sale Price: $300,000
Average Price per Total Finished Square Foot Sold: $190.00
Summary of Stowe Vermont Condo Sales - The number of Sold in 2010 should be about the same or a bit above 2009. However, the list prices and sales prices are lower that 2009 as is the price per square foot sold.
STOWE VERMONT LAND SALES:
STOWE VERMONT LAND SALES CHART - 2009
Number of Land Sales: 7
Average List Price: $504,714
Median List Price: $495,000
Average Sale Price: $413,429
Median Sale Price: $400,000
Average Price Paid per Acre: $39,517
STOWE VERMONT LAND SALES CHART 2010 as of 9/1/2010
Number of Land Sales: 6 (as of 9/1/2010)
Number of Land Listing Under Contract: 2
Average List Price: $217,250
Median List Price: $224,500
Average Sale Price: $186,917
Median Sale Price: $183,500
Average Price Paid per Acre: $48,340
Summary of Stowe Vermont Land Sales: The number sold in 2010 will be a bit more than 2009. The list prices and sale prices though are much lower than in 2009. However, the price per acre sold is much high than in 2009. Based on the lots that have sold, the amount of land in these transactions were much less than the average in 2009. They tended to be smaller lots, thus have a higher per acre cost.
Another piece of the Real Estate Market Analysis is the inventory. Below are two charts - Active listings in 2009 and 2010.
STOWE VERMONT INVENTORY - HOMES, Condos and Land
2009 Stowe Real Estate Inventory of:
Homes, Condos and Land
2010 Stowe Real Estate Inventory of: (as of 9/1/2010)
Homes, Condos and Land
Summary of Inventory - The number of Homes for Sale has been a bit higher in 2010 vs. 2009 - but not much. The number of Condos for Sale is substantially higher in 2010 vs. 2009. The Number of Land Listings are about the same in 2010 vs. 2009.
If you have interest in buying Stowe Vermont Real Estate, click on the links below for our current Real Estate Listings. Also, feel free to contact me at Teresa@StoweUSA.com
STOWE VERMONT HOMES FOR SALE
STOWE VERMONT CONDOS FOR SALE
STOWE VERMONT LAND FOR SALE
The interest rates are still low and there are some great buys in Stowe!
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