Stowe, VT Area LAND Sales Market Report - 1st half 2020/1st half 2019

By
Real Estate Agent with Pall Spera Company Realtors 081.0004547

Stowe, Vermont Area Land Sales Market Report - 1st Half 2020 compared to 1st Half 2019

The first half of 2020 has been an interesting period in the real estate market.  We continue to deal with COVID-19 challenges Stowe VT Land(mostly in April, May and June) and national civil unrest.  Although it has been somewhat challenging to list and show properties in Vermont because of COVID-19 requirements, we continue to see interest in the purchase of land.  Generally, the sales of land have decreased, average and median sale prices have varied by town, inventory has decreased and pending contracts have decreased.  Perhaps with the strong demand for homes along with low inventory, we'll see a growing demand for land.  It can be a great solution for some who have always wanted to build their own new home.

Below is a chart showing the trends of the primary towns I serve.

CHART of Land Sales - Stowe, Vermont area 1st Half of 2020 compared to 1st Half of 2019

Stowe Vermont Land Sales Market Report 2020

  • STATE of VERMONT - Land Sales
    - Land Sold: down 8%
    - Median Sold Price: down 3%, Average Sold Price: up 11%
    - # of Lots available for sale: Down 17%
    - Land Pending: Up 81%
  • STOWE, Vermont - Land Sales
    - Land Sold: down 60%
    - Median Sold Price: Donw 29%, Average Sold Price: Up 35%
    - # of Lots available for sale: Down 17%
    - Land Pending: Down 50%
  • WATERBURY, Vermont - Land Sales
    - Land Sold: Down 60%
    - Median Sold Price: down 16%, Average Sold Price: Down 4%
    - # of Active Listings: Down 29%
    - Land Pending: Up 900%
  • MORRISTOWN, Vermont - Land Sales
    - Land Sold: Up 67%
    - Median Sold Price: down 19%, Average Sold Price: down 51%
    - # of Active Listings: Down 28%
    - Land Pending: Down 40%
  • HYDE PARK, Vermont - Land Sales
    - Land Sold: Up 100%
    - Median Sold Price: up 96%, Average Sold Price: up 96%
    - # of Active Listings: Down 12%
    - Land Pending: up 150%
  • ELMORE, Vermont - Land Sales
    - Land Sold: down 100%
    - Median Sold Price: no sales, Average Sold Price: no sales
    - # of Active Listings: Down 28%
    - Land Pending: up 700%
  • JOHNSON, Vermont - Land Sales
    - Land Sold: down 33%
    - Median Sold Price: down 50%, Average Sold Price: down 36%
    - # of Active Listings: down 29%
    - Land Pending: down 100%
  • WOLCOTT, Vermont - Land Sales
    Land Sold: up 100%
    - Median Sold Price: up 160%, Average Sold Price: up 160%
    - # of Active Listings: unchanged
    - Land Pending: up 900%

If you are looking to sell or buy land, please contact me.  Pricing and market knowledge are important so hire a LOCAL broker to assisst you to get the job done!

MARKET REPORT for Stowe, Vermont Home Sales

Posted by

Teresa Merelman -- Stowe Vermont Real Estate -- (802) 793-5171 -- www.StoweUSA.com

Teresa Merelman, Broker
ABR, CRS, e-PRO, SRES, GREEN, RSPSPall Spera Company Logo
Pall Spera Company Realtors
1800 Mountain Road, P.O. Box 539
Stowe, VT  05672
(802) 253-9771 - office
(802) 793-5171 - cell
Teresa@StoweUSA.com
www.StoweUSA.com

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Comments (4)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Stowe land buyers and sellers are sure to value your real estate market report, Teresa.

Jul 22, 2020 01:18 PM
The Woodland Companies of Alaska
Woodland Management Service - Wasilla, AK
Alaska Forest Land Experts!

Thanks for the update on this community, all the best to you as you get many of these properties listed and sold.

Tracy

 

Aug 13, 2020 08:20 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Let’s hope that 2021 is absolutely amazing throughout the entirety of it overall! I would love a general sense of hope and optimism this year! :)

Jan 09, 2021 09:48 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Hi Tracy, I would think so many of these properties will sell like hotcakes with this style of promotion! Tracy Hawke, The Woodland Companies!

Jan 09, 2021 09:51 PM