The Stowe, VT area real estate market showed significant gains in 2013. Unit sales for Stowe have returned to levels prior to the real estate decline. Sales for the rest of Lamoille County were also strong with units sales up 36% over last year. In the smaller Waterbury market there was a 9% increase in unit sales.
While units sales numbers have increased across the board and inventory has dipped, average and median home sale prices have been slow to follow. In Stowe, the months of supply in the under $500,000 price range has decreased to 7 months, a balanced market. This should translate into increased sales prices in the months to follow. The high end of the market, over $1M and over $1.5M maintain a larger supply of inventory which will need to be moved through the market before selling prices show any significant increases.
Stowe continues to lead Lamoille County in sales volume with Morristown and Cambridge having the next largest segment of the market.
The Coldwell Banker brand continues to dominate in Vermont, with significantly more market share than the competition.
For a complete copy of the Coldwell Banker Carlson Real Estate 2013 Market Report visit our website at www.StoweVermontReal Estate.com or contact any of our Agents at 802-253-7358.