Below are tables which indicate the direction of the residential Real Estate market in Stowe.  As you will see the market has been trending upwards for several years.  This year does not seem to be an exception.  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

159 

 $354,000 

 $259,000

 68

 93

2001

123 

 $333,500 

 $252,500

 74

 93

2002

137 

$407,500

 $355,000

 87

 95

2003

97

 $591,800 

 $394,000

 75

 94

2004

97

 $589,500 

 $457,000

 80

 95

2005

179 

 $681,730 

 $457,500

 82

 93

2006

 150  

 $637,664 

 $493,750

 74

 94

2007

 197  

 $652,098 

 $450,000

 74

 92

 2008*

 

 

 

 

 

*Year to Date Figures

Looking closer at the recent residential market in Stowe 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 stayed pretty consistent.  The average price is quite a bit higher but the high selling point of the most expensive property bumped that up considerably.  We think that these numbers indicate that buyers who have considerable funds have not been affected by the national real estate slowdown.

For the six months ending
December 31, 2007

Last six months One Year Ago
Number of Properties Sold 38 43
Price Range $230,000 - $3,625,000 $157,500 - $1,735,000
Days on Market (Average) 188 158
Average Price $725,125 $554,137
Median Price $450,000 $455,000
Percentage of Asking Price (Average) 93 95

Newsday:  "Buyer brokers represent the purchaser ... buyers are becoming educated about the benefits of having an agent who represents their interests."
 
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Red Door Real Estate
Ph: 802-888-6555  -  Fax: 802-904-1017
P.O. Box 947
Morrisville, VT 05661
www.reddoorrealestatevt.com

 

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