STOWE, VERMONT Area HOME Sales Market REPORT - Comparison between the 1st half of 2021 to the 1st Half of 2020.
As we have seen throughout the country, real estate sales have seen an increase in not just the number of sales, but in the median and average sale prices. Also, the inventory of available homes has seen an exceptional decrease. The Stowe, Vermont area is certainly no exception. When the country went into an overall lockdown due to COVID 19, many people desired an escape from the city life. Vermonters love the outdoors and it's easy to just walk outside and breathe. Also, Vermont handled the health crisis well and continues to do so.
Below is a chart which shows the State of Vermont, Stowe, Waterbury, Morristown, Hyde Park, Elmore, Johnson and Wolcott Vermont statistics.
CHART - Stowe Vermont area Market Report for Single Family Residences comparing the 1st half of 2021 to the 1st half of 2020 sales.
VERMONT Home Sales:
- # of Homes Sold - UP 37%
- Median Sold Price - Up 21%, Average Sold Price - Up 31%
- Inventory of Homes - DOWN 48%
- Pending - DOWN 2%
STOWE, Vermont Home Sales:
- # of Homes Sold - UP 108%
- Median Sold Price - UP 20%, Average Sold Price - UP 43%
- Inventory of Homes - DOWN 67%
- Pending - DOWN 18%
WATERBURY, Vermont Home Sales:
- # of Homes Sold - Down 10%
- Median Sold Price - UP 34%, Average Sold Price - UP 42%
- Inventory of Homes - DOWN 23%
- Pending - Down 26%
MORRISTOWN, Vermont Home Sales:
- # of Homes Sold - UP 14%
- Median Sold Price - UP 83%, Average Sold Price - UP 132%
- Inventory of Home - UP 50%
- Pending - UP - 75%
HYDE PARK, Vermont Home Sales:
- # of Home Sold - DOWN 19%
- Median Sold Price - UP 8%, Average Sold Price - UP 15%
- Inventory of Homes - UP - 9%
- Pending - UP - 83%
ELMORE, Vermont Home Sales:
- # of Homes Sold - UP - 100%
- Median Sold Price - UP 55%, Average Sold Price - UP 88%
- Inventory of Homes - no change
- Pending - DOWN 75%
JOHNSON, Vermont Home Sales:
- # of Homes Sold - UP 20%
- Median Sold Price - UP 48%, Average Sold Price - UP 74%
- Inventory of Homes - DOWN 83%
- Pending - UP 20%
WOLCOTT, Vermont Home Sales:
- # of Homes Sold - DOWN 17%
- Median Sold Price - UP 22%, Average Sold Price - DOWN 4%
- Inventory of Homes - DOWN 25%
- Pending - DOWN 40%
Obviously, it has been and continues to be a Sellers' market in this area. Some towns are starting
to see some much needed added inventory and some price reductions as the approach of the school year approaches.
If you or family members/friends are thinking of selling or perhaps buying, give me a call, text or email. In this market, experience and knowledge are key!
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