Market trends

New Inventory in a Tight Market

Buyer demand remains high, but the level of inventory is still the lowest we've seen in years.  Residential sales will increase as we continue to move through the most active part of the selling season. In the meantime, here are some exceptional new properties which I've recently listed:

 

             

New custom built home located in one of Stowe’s most desirable locations, with sweeping Mt. Mansfield Views. 

This well known builder has created a winning combination of perfection with exceptional design, comfort, and gorgeous views. For more information and photos of this gorgeous new home, with a beautiful brook running through the property, click here.

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Enjoy the serenity of Sterling Valley in this newly constructed home. 

Timeless design choices include a floor to ceiling stone chimney, and custom kitchen.  Take in the sounds of the Sterling Brook on your property, or jump on your mountain bike to ride the vast network of trails nearby.  For more on this beautiful property, click here.

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You will appreciate the tranquility and privacy here, while just a five-minute drive to the village of Stowe.
 

Located in one of Stowe's most desirable neighborhoods. This well-appointed home has tremendous value with all of the square footage, enough space to grow, and the custom design elements, throughout.  For more information on this outstanding home, click here.

New Inventory in a Tight Market

Buyer demand remains high, but the level of inventory is still the lowest we've seen in years.  Residential sales will increase as we continue to move through the most active part of the selling season. In the meantime, here are some exceptional new properties which I've recently listed:

 

             

New custom built home located in one of Stowe’s most desirable locations, with sweeping Mt. Mansfield Views. 

This well known builder has created a winning combination of perfection with exceptional design, comfort, and gorgeous views. For more information and photos of this gorgeous new home, with a beautiful brook running through the property, click here.

____________________________________________________________________________________

 

               

Enjoy the serenity of Sterling Valley in this newly constructed home. 

Timeless design choices include a floor to ceiling stone chimney, and custom kitchen.  Take in the sounds of the Sterling Brook on your property, or jump on your mountain bike to ride the vast network of trails nearby.  For more on this beautiful property, click here.

____________________________________________________________________________________

               

You will appreciate the tranquility and privacy here, while just a five-minute drive to the village of Stowe.
 

Located in one of Stowe's most desirable neighborhoods. This well-appointed home has tremendous value with all of the square footage, enough space to grow, and the custom design elements, throughout.  For more information on this outstanding home, click here.

Q3 Market Report

After a long beautiful and busy summer, the real estate market remains strong with continued buyer demand.  Low inventory remains a predominant theme, whereby the number of MLS listings hit a 3-year low.  This has caused many buyers to compete with others for a scarcity of housing choices, driving prices up in some cases.  The median price for home sales in Stowe for instance rose again significantly for the third year in a row, topping out at the end of Q3 at $620,000.  This is an increase of 11 % as compared to Q3 2017.  Some wonder if buyers might be reaching a threshold for what they might be willing to pay for a home.  Other housing markets in different locations around the country are starting to slow down as a result of these factors.  Interest rates have been on the rise, and have recently hit a 7-year high of 5.0%.  Thankfully we have not yet seen this negatively impact buyers.

Home sales in Stowe, and the rest of Lamoille County were up at the end of the first 9 months of this year.   Home sales in Stowe rose 13% in Q3.  In addition to the median price being way up, the average sales price for homes in Stowe had an unusual jump, due to a $10,500,000 sale.  This sale represents the highest priced residential sale in Vermont in years.  At the end of Q3, there were 13 pending home sales which is down from a total of 20 a year ago during the same time period.  The average days on market for homes prices under $500,000 was 70, and sales between $500,000 and $1,000,000 were on an average of 138 days.  Sales up to 1 million dollars sold only 3% less than the listed price, which has tightened over the last few years.

For more information and detail on the Stowe market conditions and the surrounding area, you can visit my website for our comprehensive Market Report. 

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