Market Statistics

2016 Year-End Real Estate Market Report

Welcome to the Coldwell Banker Carlson Real Estate Market Report. Our 2016 Year-End examination of the real estate market in the Stowe area uses market-wide data based on transactions that closed in 2016 in the Multiple Listing Service; and compares them to sales that took place during 2015.  

In 2016 the Stowe area market generally reflects that of the broader market throughout Vermont, and much of the nation. The housing market in general remains one of the strongest underpinnings of the overall economy.

Residential sales were back on the rise, and by the end of Q4, they were up by as much as 28%. The total was 91, as compared to 71 by the end of 2015.  This is the largest number of residential sales seen since 2004, with the sub $500K price range leading the way with 56% of the market share.

The overall inventory for Stowe residences dipped again, this time by 23%, which equates to an 8 months’ supply.  The lack of inventory varies though, in different price ranges, which will be addressed in more detail further into this report.

Coldwell Banker Carlson Real Estate, once again, holds the largest market share of sales of any single office in the Stowe area. Whatever your real estate needs are in the coming year, CBCRE is the market and technology leader, and we are always there to share every resource we have available, for you to benefit from.

We hope you find our Year-End Report helpful; and welcome any questions you may have regarding it.  

Click Here for Complete Report

 

 

 

 

Stowe Area Real Estate Market Report - 3rd Quarter 2016

The Real Estate Market Report for the 3rd quarter of 2016 is now available! No matter what time of year it is, the most commonly asked question, is “how is the real estate market?”.  We are happy to report, that residential sales in Stowe and the rest of Lamoille County are up again, for Q3, as compared with Q3 2015.  In Stowe, the increase was as much as 31%.   

The increase in the number of residential sales in Stowe, for this period, brings it close to the level of 2014, which was the high, for the last 10 years. There were 2 outstanding sales over the past few months, one of which represented a historical benchmark.  The Estate at Strawberry Hill, which was both listed and sold by our office, closed September 12, for $6,700,000.  This sale represented the highest priced recorded sale in Stowe; and the 2nd highest in the state, within the past 10 years.    

For the complete Market Report for Stowe and the surround areas, click here.

 

 

Stowe Area 2nd Quarter Real Estate Market Report

Welcome to the Coldwell Banker Carlson Real Estate market report; our 2nd Quarter 2016 examination of the real estate market in the Stowe area.  This report uses market-wide data based on transactions that closed in during the 1st 6 months of 2016 in the Multiple Listing Service, and compares them to sales that took place during the same period of 2015.

Just as our local communities have seen recent growth and enhanced vibrancy, so too has the residential real estate market. New businesses, restaurants and attractions have been popping up in Stowe and beyond, including The Alchemist opening its doors to their new acclaimed brewery, the new Adventure Center at Stowe Mountain Resort, and MOCO (Morrisville Food Co-op), scheduled to open soon.

Many have wondered whether the increase in residential sales that we saw after the first quarter would continue. We are happy to report that they have, in Stowe and the rest of Lamoille County. 

Read the full report for Stowe and report for Lamoille OCounty and Waterbury.

Stowe Area 1st Quarter 2016 Market Report

Welcome to the Coldwell Banker Carlson Real Estate Market Report.  This  1st quarter report of 2016,  is an examination of the real estate market in the Stowe area, using market-wide data based on transactions in the Multiple Listing Service (MLS), and comparing them to that of the 1st quarter of 2015. 

The winter of 2016 will be memorable in many respects, most notably due to the lack of snow; and unseasonably mild weather.   Skiers and riders have enjoyed some of the best spring conditions though, as snow continued to fall in April.  The mountain plans to operate lifts

 on Mt. Mansfield, until April 24th this year – long after most area resorts have closed.  Signs of spring have been welcome, including a continuation o

f the maple sugaring season, which saw one of the strongest and lengthiest seasons in years.

In the world of real estate, supply and demand is still largely the story, both nationwide and locally.  Finding the right property can be challenging,due to continued shortages of inventory.  The overall demand for buying is solid, so in many regards, it is a good time for sellers to list their homes.  With rental amounts outpacing mortgage payment expense, and availability of low interest rates, it is also a good time for buyers to be in the market.

For details and charts check out our website: Stowe Vermont Real Estate

Real Estate Market Report - Year End 2015

Welcome to the Coldwell Banker Carlson Real Estate market report; our 2015 Year-End examination of the real estate market in the Stowe area.  This report uses market-wide data based on transactions that closed in 2015 in the Multiple Listing Service, and compares them to sales that took place during 2014.

In 2015 the Stowe market generally reflects that of the broader market throughout Vermont, and much of the nation.   Many analysts have reported a continuation of a “level-headed market”; much of which is probably due to very low levels of inventory. We are seeing one of the lowest levels of residential and land inventory, in recent memory.  Most of which is seen in the lower price ranges.  Despite these factors, the continuation of low interest rates, steady job growth, and buyer demand, should keep real estate sales heading in the right direction.  Sales in general, show continued stability.

The full report is available on our website: Stowe Vermont Real Estate Market Report

Market Report 1st 9 Months 2015 Stowe, Vermont, Lamoille County and Waterbury, VT

The following is a comprehensive anaylsis of the real estate market for the 1st 9 months of 2015. Information and analysis includes Stowe, VT and Lamoille County, VT as well as the town of Waterbury, VT.

View the 1st 9 Months of 2015 Report below or download a PDF version: click here.

 

 

 

Coldwell Banker Sales Awards

Coldwell Banker Carlson Real Estate and their agents were honored at the 2015 Coldwell Banker Gen Blue conference in Mashantucket CT. Coldwell Banker Carlson Real Estate received the 2014 Premier Office designation, highest average sales achieved for all agents in the office, which demonstrates a high level of team work and excellence among the entire office. The Premier Office Designation is awarded to the top 15% of all Coldwell Banker offices. 2014 is the third consecutive year Coldwell Banker Carlson Real Estate has been awarded this designation.

Coldwell Banker Carlson Real Estate is pleased to announce that the following agents and teams were recognized for their sales achievements:

  • Jeff Beattie has been recognized as a 2014 International Diamond Society Member for the 3rd year in a row.
  • Meg Kauffman has been recognized as a 2014 International Sterling Society Member.
  • The Smith Macdonald Group, consisting of Peggy Smith and McKee Macdonald, has been recognized as a 2014 International Diamond Society Team for the 3rd year in a row.

 

The Coldwell Banker Award Societies represent the top percentage of all Coldwell Banker sales associates/representatives worldwide.

Coldwell Banker Carlson Real Estate located at 91 Main Street, can be reached at 802-253-7358 or www.stowevermontrealestate.com. Coldwell Banker Carlson Real Estate has been serving the greater Stowe area for over 40 years.

Stowe Area Market Report 2014

Coldwell Banker Carlson Real Estate

Market Update 4Q 2014

As 2014 began to wind down, the holiday season was brimming with visitors, and was one of the busiest in recent memory.  As for real estate, we are able to report yet another increase in residential sales, which have been on a consistent rise since 2009.  The number of sold properties was up 9% as compared to the end of 2013.  The majority of those were again under $500,000.  By the end of the 3rd quarter of 2014 there had not been any sales over $1,500,000, but that changed in the last quarter of the year, whereby six properties sold between $1,525,000 and $2,300,000. 

 


 

In addition to an increase in residential sales, the median and average price rose as well; up 30% and 10% respectively.  The median price was $485,000, and the average, $598,870; well above the national figures.  Inventory rose as well though, as much as 18%.  Stowe condominium sales also increased by the end of the 4th quarter, up 8%.  The median price for condominium sales moved downward ever so slightly, by 4%, whereas the average was up 4%. 

Land sales dipped slightly again in the last quarter - this time by 10%.  But compared to the last quarter of both 2013 and 2012, the median and average prices both rose.  The bulk of the land sales ranged from $160,000 to $276,500; and the highest was $1,200,000, for 48 acres in Robinson Springs.  The level of inventory dropped fairly significantly, therefore we may finally see a rise in land sales in the spring, especially if there is more demand for building.

 

 

 

 

 

 

 

 

 

 

 

The rest of Lamoille County saw an increase in residential sales at the end of the year as well, whereas by the end of the 3rd quarter, there had been no increase.    The majority of sales were under $200,000. The median and average sales prices were little changed, but the inventory rose significantly, up 50%.  The number of land sales declined by 17%, which was less than was seen at the end of the 3rd quarter; and the inventory rose slightly, by 9%. 

 

 

 

 

 

 

Unlike Stowe, and the rest of Lamoille County, Waterbury saw a slight drop in the number of residential sales; and the inventory increased a bit, as well.  Almost 1/3 of the sales were over $400,000, and the highest was $875,000. The median and average prices increased slightly, as compared to having gone down slightly at the end of the 3rd quarter.

 

Waterbury land sales increased yet again – almost double the amount.    The price range for the lots was from $51,000 - $160,000.  The median price was up 54%, and the average was down 38%.  Inventory was down again, this time, by as much as 45%, so we may continue to see land sales increase there.

 

 

 

 

 

Coldwell Banker Carlson Real Estate – a leader in real estate sales in northern Vermont.

 

 

Interest rates are as low as we’ve seen in a long time (3.75 for a 30 year fixed, at the time of this publication), and a local mortgage broker has recently indicated that his portfolio of loans to close in the first quarter of 2015, is the largest he’s seen in the past 5-6 years.  So, we look forward to another busy year; and more snow, and winter fun.  Please let me know if I can help you with any of your real estate needs.  If you have any questions about this report, or would like any additional information or statistics, please feel free to contact me at anytime.

 

Source: NNEREN.com