Below are tables which indicate the direction of the Real Estate market in Hyde Park.  As you will see the market has been trending upwards for several years.  This past year does not seem to be an exception.  On the whole 2007 saw a moderate increase average, and median, prices for residential properties sold.  Properties were on the market for about the same period of time they have been in the past.  The year did see the least number of properties sold since before 2000.

Please contact us if you would like more statistics calculated.

Year

Days On Market
(Average)

Sales Price
(Average)

Sales Price
(Median)

Properties Sold
(Total Number)

% of Asking
(Average
)

2000

134

  $111,608 

  $94,000

31

  97 

2001

154

 $143,556

 $105,000

36

 95

2002

  80 

 $140,445

 $118,000

39

 96

2003

122

 $171,374

 $146,500

35

 96

2004

 132 

 $189,977

 $152,000

43

 96

2005

157

 $214,557

 $172,000

29

 96

2006

116

 $240,012

 $194,500

33

 94

2007

136

 $250,402

 $198,000

27

 95

  Looking closer at the recent market the table below compares sales for the six months up to the end of December with the same time period from a year ago.  The figures would suggest that the market has cooled a bit as far as the number of properties sold and the time a property is on the market.  The average, and median, prices continue to rise. 

For the six months ending
December 31, 2007

Last six months One Year Ago
Number of Properties Sold 15 21
Price Range $90,000 - $720,000 $30,000 - $450,000
Days on Market (Average) 169 85
Average Price $307,583 $197,495
Median Price $295,000 $157,900
Percentage of Asking Price (Average) 93% 95%

 
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Morrisville, VT 05661
www.reddoorrealestatevt.com

 

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