Stowe Vermont Land Sales - Market Report for Years 2005 through 2012

Stowe Vermont Land Sales - Market Report for Years 2005 through 2012

Now that 2012 is over, I have been compiling my year end data for my sales reports.  Land is hard to quantify because prices vary so much based on factors not easily apparent.  Such factors include:

1.  Size of Lot - Generally, the larger the lot, the less it will cost based on a per acre formula.
2.  Location of Lot - Some neighborhoods are definitely more desirable.
3.  Views from Lot - a View of Mt. Mansfield can definitely command a higher price.
4.  What's Included in the Price? - Survey, Septic Design, Subdivision, Covenants, View Easements, Power to Site, Fuel availability, Access/Driveway, Required Clearing, Topography (blasting costs), Ridgeline Overlay District, Land Gains Taxes, and the list goes on....

The obvious appeal of land to buyers is that you can build what you want.  Vermont, like most of New England, tends to have older homes.  I recently represented successful buyers of large Stowe parcel.  The new owners plan to build a "GREEN" home using solar and wind as their primary sources of energy.  I look forward to watch the construction of this home and feel it will be a great asset to Stowe.

Below are the Statistics for Stowe Land Sales.  They are based on land sold and reported through our MLS system and therefore do not reflect private sales.  Click on the appropriate chart for a Larger Version of Sales History:

STOWE LAND SALES 2005:                     

                                       Average List Price $478,020  Average Sale Price $444,225
 Median List Price   $310,000  Median Sale Price  $295,000
 Avg. # Listings/Month: 30   
 # Sold: 20   
 Avg. Price/Acre Sold $36,650

STOWE LAND SALES 2006:                                      

                                       Average List Price $342,200  Average Sale Price $316,472
Median List Price   $286,250  Median Sale Price  $258,750
Avg. # Listings/Month: 60   
# Sold: 12   
Avg. Price/Acre Sold $38,551

STOWE LAND SALES 2007: 

Average List Price $577,711  Average Sale Price $498,947
Median List Price   $375,000  Median Sale Price  $350,000
Avg. # Listings/Month: 65  
# Sold: 19    
Avg. Price/Acre Sold $31,580

 STOWE LAND SALES 2008:  
                                        
                                          Average List Price $472,231  Average Sale Price $412,962
  Median List Price   $295,000  Median Sale Price  $278,000
  Avg. # Listings/Month: 55   
  # Sold: 13    
  Avg. Price/Acre Sold $30,270

STOWE LAND SALES 2009:  
                                      
                                        Average List Price $504,714  Average Sale Price $413,429
 Median List Price   $495,000  Median Sale Price  $400,000
 Avg. # Listings/Month: 60   
 # Sold: 7     
 Avg. Price/Acre Sold $39,517

STOWE LAND SALES 2010

Average List Price:  $359,267  Average Sale Price:  $320,000
Median List Price:   $250,000  Median Sale Price:   $187,000
Avg. # of Listings/Month:  65
# of Lots Sold:  9
Avg. Price/Acre Sold:  $56,720

STOWE LAND SALES 2011 

Average List Price:  $442,500   Average Sale Price:  $404,167
Median List Price:   $310,000   Median Sale Price:    $262,500
Avg. # of Listings/Month:  79 
# of Lots Sold:  6
Avg. Price/Acre Sold:  $60,308

STOWE LAND SALES - 2012

 
Average List Price:  $474,680  Average Sale Price:  $397,440
Median List Pirce:   $375,000  Median Sale Price:    $325,000
Avg. #of Listings/Month: 64
# of Lot Sold:  19
Avg. Price/Acre Sold: $31,085

COMPARISON CHART of Stowe Land Sales - 2005 through 2012

Summary - The number of sales in 2012 were UP significantly over 2011 from 6 lots sold in 2011 to 19 in 2012. 

Average Land inventory in 2012 was down at 64 lots vs 79 in 2011. The Days on Market was up in 2012 at 505 days vs. 162 in 2011.  The average price per acre was $31,085 in 2012 vs. $60,308 in 2011.  The numbers are similar to the pre-recession stats in 2007.

Land compares to condos and homes - sales are up, inventory is down, and prices are down.

I further note that land sales have been down since earlier years.  Generally, landowners have a lower holding cost compared to home/condo owners and do not tend to be as motivated to sell as home owners.  The value of land is inherit to it's uniqueness and the ability of the owners to build the home of their of their dreams.

                                   
Stowe has some great lots on the market!  CLICK HERE FOR ALL STOWE LAND FOR SALE
We have some great builders in the area who would be happy to build your Dream Home.

Also, see my reports for:

Stowe Vermont Home Sales - 2005 through 2012

Stowe Vermont Condo Sales - 2005 through 2012

Contact me for additional information about Stowe Land for Sale and the Stowe Real Estate Market. 

 Please note that the above compilation of sales information is Copyrighted and may not be reprinted or used without my written permission.