Morristown, Vermont - Home Sales Market Report - 2008 through 2017
Morristown, Vermont is a town just a bit North of Stowe, Vermont. Morristown has a population of about 2,000 and is home to Copley Hospital. It also has it's own school system plus a private school, Morrisville-Stowe Airport, Copley Golf Course and Ryder Brook Golf Course, and it provides many shopping venues such as Hannafords, Price Choppers, several pharmacies, plus McDonalds! Several restarants are also in residence.
The Number of Homes Sold in Morristown, Vermont - Overall one can see an increasing trend from 2012 through 2017. When comparing 2017 to 2016, the number of homes sold increased by 5%.
The Average Inventory of Homes available for sale reached it's peak in 2013/2014 and has been decreasing to only 41 homes in 2017. The Average Inventory when down 56% from 2016 to 2017.
The Average and Median Sold Prices - have been up and down over the past 10 year. 2015 to 2016 saw a strong increase in sale price. In 2017, the average sale price was up 8% compared to 2016 while the median sale price went down a tad by 2%.
The CHART Below summarizes the above data throughout the past 10 years:
If you or anyone you know has an interest in purchasing or selling real estate in the Morristown, Vermont area, I'd be happy to help!