Stowe, VT Area Home Sales Market Report - 2020 compared to 2019

Stowe, Vermont Area Home Sales Market Report - 2020 compared to 2019

2020 - the year of COVID-19 and it certainly impacted the real estate market.  Vermont sellers took the lead with the economic swing of High Demand and Low Inventory.  We certainly saw and continue to see that Vermont became a desirable state for buyers given our open spaces, land, low crime, and overall rural environment.  This certainly increased the demand.  The supply saw owners who may have wanted to sell at some point, decide to stay put as Vermont was certainly doing well with the virus.  Owners were also faced with - where would they move?  Some 2nd home owners decided to make their vacation properties their primary residence.  They could now work from their Vermont home so why go back to their home in the city? 

Overall, Vermont saw an increase in home sales, an increase in both median and average sale price, and a decrease in the supply of homes available for sale.  This was also true of the local towns I primarily work in - Stowe, Waterbury, Morrisville, Hyde Park, Elmore, Johnson and Wolcott, Vermont.

Below is chart showing the market statistics for each of the above towns along with the State of Vermont:

State of Vermont Home Sales:
- # of Homes Sold - Up 18%
- Average Sale Price - Up 19%, Median Sale Price - Up 13%
- Inventory of Homes - Down 35%

Stowe, Vermont Home Sales:
- # of Homes Sold - Up 29%
- Average Sale Price - Up 50%, Median Sale Price - Up 40%
- Inventory of Homes - Down 20%

Waterbury, Vermont Home Sales:
- # of Homes Sold - Up 21%
- Average Sale Price - Up 1%, Median Sale Price - Up 9%
- Inventory of Homes - Down 54%

Morrisville, Vermont Home Sales:
- # of Homes Sold - Down 4%
- Average Sale Price - Up 31%, Median Sale Price - Up 15%
- Inventory of Homes - Down 47%

Hyde Park, Vermont Home Sales:
- # of Homes Sold - Up 16%
- Average Sale Price - Up 9%, Median Sale Price - Up 2%
- Inventory of Homes - Down 48%

Elmore, Vermont Home Sales:
- # of Homes Sold - Up 57%
- Average Sale Price - Up 13%, Median Sale Price Up - 13%
- Inventory of Homes - Down 40%

Johnson, Vermont Home Sales:
- # of Homes Sold - Up 5%
- Average Sale Price - Down 6%, Median Sale Price - Up 5%
- Inventory of Homes - Down 42%

Wolcott, Vermont Home Sales:
- # of Homes Sold - Up 44%
- Average Sale Price - Up 20%, Median Sale Price - Up 32%
- Inventory of Homes - Down 50%

If you are looking to sell or buy a home in the area, talk to a LOCAL Realtor who knows the market.  I'd be happy to help!

Update - Stowe, Vermont:

As of January 26, 2021, there are 19 homes pending and only 12 homes available for sale.