Stowe Vermont Condo and Townhome Sales - Market Report 2005 through 2010
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:
Average Price per Finished Square Foot Sold: $196
Average Days on Market: 244
Comparison Chart - Stowe Condo Sales 2005 through 2010
SUMMARY - The number of condo sales increased signicantly in 2010. The Days on Market decreased from the past 2 years.
However, the average inventory was higher than the past 5 years, the list and sales price was lower, and the average price for total finished square footage sold was lower than the past 5 years.
Currently, there is a great selection and variety of condos and townhomes to choose from. 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
For other Stowe Vermont Market Reports, click on the links below:
Stowe Vermont Home Sales Report - 2005 through 2010
Stowe Vermont Land Sales Report - 2005 through 2010
Also, check out the HGTV Dream Home Sweepstakes. Stowe Vermont is the home of the 2011 Home!
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.
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