Closing the Year: Market Trends & Takeaways

The fourth quarter of 2025 continued to mirror national housing trends locally: some segments are slowing or transitioning, creating more opportunity for buyers, while other segments remain resilient for sellers. Not all price points or property types are reacting the same, and properly positioned properties continue to retain strong interest.

Stowe Market Overview – Real Estate Sales in Stowe, VT

Single-Family Home Sales: Stowe, VT

Stowe’s single-family market saw fewer closed sales year-over-year (down 19.23%), while new listings climbed 50%, giving buyers more options than earlier quarters. Pricing remained elevated in this segment despite the drop in sales volume, with the average sold price up 27.11% and the median sold price up 54.45%. The median sales price for Stowe in Q4 was  $1.70M, up from $1,035M+ in the last quarter of 2024. Homes are taking longer to secure the right buyer—average days on market rose 6.94%, and the median days on market increased to 50 days (up 96%). The list-to-sell ratio softened slightly (down 0.90%), reinforcing how important accurate pricing and strong presentation have become—especially when a property starts a touch too ambitious and needs the market to help it find its true value.

Condo Sales: Stowe, VT

Stowe condos showed a more mixed Q4: sales volume declined 31.82% and new listings dipped 11.63%, but prices moved up meaningfully with the average sold price up 18.85% and the median sold price up 25.46% The median sale price for condominiums in Q4 of 2025 was $725K. Time on market expanded sharply—average days on market rose 151.52%, and median days on market increased to 83 days (up 925%). The list-to-sell ratio slipped 0.83%, suggesting a bit more room for negotiation and a buyer pool that is taking more time to evaluate choices, even in desirable locations.

View the Stowe Stats Here

Lamoille County Market Overview – Real Estate Sales in Lamoille County, VT

Single-Family Home Sales: Lamoille County, VT

In the more value-oriented towns outside Stowe, the single-family market offered buyers comparatively more attainable pricing, which continues to make this segment especially appealing. Excluding Stowe, sales volume declined from 60 to 47 closed sales (down 18.05%), while new listings increased from 35 to 38 (up 8.57%), giving buyers more selection heading into winter. The median price for a single family home in Lamoille County excluding Stowe increased 4.63% year-over-year from $410K in Q4 of 2024 to $429K in 2025. The average sales price in this area is $651K at the end of 2025 as compared to $484K in 2024, a 34.5% increase. (Note: countywide summary stats below include Stowe.)

Countywide (including Stowe), single-family sales were down 18.39%, while prices were up with the average sold price rising 29.92% and the median sold price increasing 8% (median $540K). New listings rose 20.41%, average days on market increased 14.04%, and the list-to-sell ratio softened 0.65%—a pattern consistent with a market where buyers are active, but more selective, and sellers benefit most from strategic pricing and strong condition.

Local highlights (single-family):

• Morristown: Sales down (44%), new listings flat with 12 (0%), median price down (15%) to $475K, median DOM (days on market) up (5.71%) to 37 days. 
• Hyde Park: Sales down (36%), new listings with 5 (0%), median price up (17%) to $400K, median DOM improved (-21%) to 31 days. 
• Johnson: Sales up (83%), new listings down to 7 from 11 (36%), median price essentially flat (-1.07%) at $324K, median DOM improved significantly (-73%) to 20 days. 
• Cambridge: Sales down (40%), new listings up from 4 to 7 (75%), median price up (33%) to $469K, median DOM up (54%) to 77 days.

View the Lamoille County Stats Here

Waterbury Market Overview – Real Estate Sales in Waterbury, VT

Single-Family Home Sales: Waterbury, VT

As is fairly typical of the Waterbury market, transactions remained low in the fourth quarter. Closed sales declined 33.33% with only 12 closings. New listings jumped 125% however, this is an increase from 4 to 9 listings at the end of this year, which is common as Waterbury tends to runs lean on inventory. Pricing moderated, with the average sold price down 33.34% from $912K to $634K and the median sold price down 1.46% from $617,500 to $717K. Homes also took longer to sell—average days on market rose 44.44% to 41 days—and the list-to-sell ratio declined 3.58%, reflecting a bit more negotiation and a buyer pool that is weighing options carefully.

View the Waterbury Stats Here

Q4 2025 Summary

Across Stowe, Lamoille County, and Waterbury, Q4 reinforced a market where pricing precision and presentation matter more than ever. Some segments, especially those that feel slightly ahead of current market expectations, are taking longer to sell and negotiating more. At the same time, high-demand, well-positioned properties (turnkey, correctly priced, strong locations) continue to attract serious buyer attention and perform well.

Curious what this means for your home’s value—or your buying strategy heading into 2026? Reach out anytime for a local, data-driven pricing conversation and a plan tailored to your goals in the Stowe area market.

Q3 2025 Real Estate Report for Stowe, Lamoille & Waterbury, VT

Shifting Seasons, Shifting Markets

The third quarter of 2025 echoed national housing trends, with the local Stowe, VT area market reflecting both resilience and transition. While certain segments remain competitive, particularly well-positioned properties, others are adjusting as buyers respond more cautiously to properties that may not align with current market expectations. For sellers, the market continues to reward accurate pricing and strong presentation. For buyers, softening in select categories is beginning to open up new opportunities.

Stowe Market Overview – Real Estate Sales in Stowe, VT

Single-Family Home Sales: Stowe, VT

Stowe, Vermont’s single-family market, held steady in sales volume compared to Q3 2024, but experienced notable pricing corrections. The average sold price fell 13.09% year-over-year, landing at $1.35 million, compared to $1.56 million in Q3 of 2024. The median sold price declined 14.90% to $1.162 million from $1.36 million last year. This softening in Stowe single-family sales is likely tied to an increase in transactions under the $1 million price point this quarter, paired with greater price sensitivity from buyers.

Inventory in Stowe, VT, also contracted, with new listings down 15%, continuing a multi-quarter trend of tight supply. Homes took longer to sell, with the average days on market increasing to 63 days, a 6.67% rise over the previous year. The list-to-sell ratio dipped slightly by 1.42%, meaning homes sold for just under 99% of their final asking price on average. Many homes had to adjust their pricing before landing on their final asking price to achieve the list-to-sell ratio. Overall, the data points to a segment in transition, where pricing precision and condition are key to success.

Condos Sales: Stowe, VT

In contrast, Stowe’s condo market showed striking price growth despite a drop in sales activity. This is likely due to a larger number of lower price-point condominiums trading in 2024. The average sold price rose nearly 72% to $1.14 million, compared to $692,000 last year. The median jumped 85.71% to $975,000 from $525,000, driven by a few higher-end resort and new construction sales. However, sales volume declined by 10%, and new listings were down 45%.

Stowe, VT condos spent more time on the market this quarter, with average days on market increasing 170.59% to 46 days, indicating that even in higher price brackets, buyers are taking more time to evaluate. The list-to-sell ratio dropped by 3.84%, suggesting room for negotiation compared to prior quarters. Still, interest remains strong for condos that are move-in ready and well-positioned within desirable Stowe locations.

View Stowe Stat, click here.

Lamoille County Market Overview – Real Estate Sales in Lamoille County, VT (Excluding Stowe)

Single-Family Home Sales: Lamoille County, VT

Lamoille County’s single-family home market (excluding Stowe) experienced healthy activity in Q3 2025, with sales volume increasing by 15.91% year-over-year. The average sold price saw a slight decline of 1.08%, landing at $535,844, compared to $541,670 in 2024. The median sold price rose 11.64% to $455,000, from 407,500, reflecting strong buyer demand in this segment of our market.

The number of new Lamoille County listings jumped 28%, providing more choices for buyers after a period of tighter inventory. However, average days on market increased 68%, climbing from 25 to 42 days, as buyers continued to move more cautiously in a shifting market. The list-to-sell ratio declined by 2.79%, indicating more negotiation at the offer stage and greater sensitivity to pricing. As with Stowe, many properties had to adjust their pricing before landing on their final asking price to achieve the list-to-sell ratio.

Overall, the data points to a market that remains active and opportunity-rich—particularly for buyers—but is demanding a more strategic approach from sellers. This area of the market offers greater affordability compared to Stowe, making it especially attractive to value-focused buyers. Homes that are accurately priced and well-prepared continue to perform best, even as conditions begin to rebalance.

Note: Stats in the links below Stowe, VT properties.

View Lamoille County Stats, click here.

Waterbury Market Overview – Real Estate Sales in Waterbury, VT

Single-Family Home Sales: Waterbury, VT

Waterbury’s single-family home market saw a notable increase in activity in Q3 2025, with sales volume up 77.78% year-over-year. However, the number of new listings declined by 38.46%, further tightening inventory and underscoring the appeal of this central location with quick access to both I-89, Stowe, and Mad River Valley.

Despite strong buyer activity, pricing showed mixed movement. The average sold price in Q3 2025 was $701,666, down from $936,523 in Q3 2024, representing a decline of 25.09%. In contrast, the median sold price rose to $795,000, up from $655,000 last year—a 23.35% increase, pointing to greater strength in the mid-to-upper tier of the market.

Waterbury, VT homes took longer to sell this quarter, with the average days on market increasing from 27 to 42 days, a 5% rise, though still relatively quick by historical standards. The list-to-sell ratio declined by 2.16%, suggesting slightly more negotiation room for buyers. Still, Waterbury continues to attract buyers seeking location, community, and long-term value, especially as supply remains limited.

View Waterbury Stats, click here.

Q3 2025 SUMMARY

Across Stowe, Lamoille County, and Waterbury, the third quarter revealed a dynamic market that continues to evolve. While pricing is adjusting in some sectors, buyer activity remains strong, particularly where value aligns with location, quality, and presentation. Sellers who adapt to current market conditions with strategic pricing and preparation are still seeing success. Meanwhile, buyers are finding more opportunities, especially in more affordable towns beyond Stowe.

Curious what this means for your property or plans? Whether you’re thinking about buying, selling, or simply exploring the market, our team is here to help. Reach out today for expert insight tailored to your goals in the ever-changing Stowe area real estate market.

Q2 2025 Real Estate Market Report: Stowe, Lamoille County, and Waterbury, VT

The second quarter of 2025 continued to reflect the evolving dynamics of the Stowe Area real estate market. While pricing pressure and buyer selectivity remain prominent, increased activity in some sectors—particularly the condo market in Stowe and select towns in Lamoille County—suggests renewed interest where affordability and value intersect.

📍 Stowe

In the single-family home segment, Stowe saw declines across most key indicators. Sales dropped by 13%. However, new listings were only down by only 2%, which is consistent with the listing bump we have seen the past two years going into summer, unlike the prior three years.  Both average sold price, $1,375,419, and median sold price, $1,137,500, fell by nearly 13% and 25%, respectively, marking a meaningful correction within the market. Buyers took significantly longer to transact, with average days on market rising 137%. The list-to-sell price ratio remained high at 97%, only dipping slightly by 0.75%.

The condo market, by contrast, surged in Q2. Sales rose nearly 89%, and new listings more than doubled, up 116%. Average sold price, $1,045,151, and median sold price, $520K, jumped 53% and 70%, respectively, reflecting increased activity at higher price points. Days on market held steady, decreasing slightly by 2.94%, and the average list-to-sale ratio improved by over 5%, indicating strong buyer demand for well-positioned, turnkey units.

Single-Family Homes

• Properties Sold: -13%
• Average Sold Price: -12.67%
• Median Sold Price: -24.71%
• New Listings: -2.17%
• Avg. Days on Market: +137.5%
• List-to-Sell Ratio: -0.75%

Condos

• Properties Sold: +88.89%
• Average Sold Price: +53.13%
• Median Sold Price: +70%
• New Listings: +116%
• Avg. Days on Market: -2.94%
• List-to-Sell Ratio: +5.05%

Click here to see the Stowe stats!

🌲 Lamoille County

Lamoille County’s real estate market remained active in Q2, with total sales across all property types up 14.06% compared to the same period last year. Buyers had slightly more options, as new listings increased by 5.59%. The average sold price rose by 1.46%, and the median price jumped 8%, indicating strength in both the mid-range and select higher-end segments. While homes are taking a bit longer to sell—average days on market increased by nearly 12%—properties are still trading close to asking, with a list-to-sell ratio of 99.29%, down just 0.71% from last year.

All Property Types

• Properties Sold: +14.06%
• Average Sold Price: +1.46%
• Median Sold Price: +8%
• New Listings: +5.59%
• Avg. Days on Market: +11.76%
• List-to-Sell Ratio: -0.71%

Local Highlights:

• Morristown: Single-family sales down 16%, new listings down 33%, median single-family price fell 7.26% to $543K. However, homes sold faster—DOM dropped 32% to 17 days.
• Hyde Park: Single-family sales up 50%, new listings down 67%, median price down 5.18% to $403K. Homes sat longer, with DOM increasing 420%.
• Johnson: Activity surged—sales up 25%, listings up 80%, and median price climbed 77% to $341K. Median days on market fell by 36%.
• Cambridge: Sales up 67%, listings up 80%, median price increased 11% to $438K. Homes sold quickly, with DOM down 50%.

Click here to see the Lamoille County stats!

🏡 Waterbury

Waterbury’s single-family home market cooled notably in Q2. Sales dropped 46%, though new listings surged nearly 71%, easing some inventory pressure. The average sold price dipped 2.3% to $396,685, while the median rose 9.32% to $390K, suggesting more activity in the mid-range. Days on market rose 14%, and the list-to-sell ratio fell by nearly 3%, indicating lengthier negotiations and increased pricing sensitivity.

Single-Family Homes

• Properties Sold: -45.45%
• Average Sold Price: -2.30%
• Median Sold Price: +9.32%
• New Listings: +70.59%
• Avg. Days on Market: +14.29%
• List-to-Sell Ratio: -2.97%

Click here to see the Waterbury stats!

📈 Overall Market Insights

Q2 2025 brought continued shifts in the Stowe Area real estate market. Stowe’s luxury single-family segment saw pricing corrections and extended days on market, while the condo sector surged, buoyed by increased inventory and strong demand for turnkey options. In Lamoille County, market momentum varied widely by town, with Johnson and Cambridge standing out for both price growth and reduced market time. Waterbury experienced a slowdown in sales but an encouraging rise in listings and resilience in median prices.

As we move deeper into the year, accurately priced, well-prepared homes are still drawing strong buyer interest. With buyer behavior shifting toward thoughtful decision-making, sellers must remain strategic. Meanwhile, buyers—especially those targeting mid-range or turnkey homes—will find expanded opportunity in a slightly more balanced landscape.

Curious what these trends mean for your property goals in 2025? Let’s connect. Our team of local experts is here to help you navigate this evolving market with clarity, confidence, and a strategy tailored to your success.

Q1 2025 Real Estate Market Report: Stowe, Lamoille County, and Waterbury, VT

The first quarter of 2025 brought a continued adjustment across the Stowe Area real estate markets. While pricing shifts and low inventory remain ongoing themes, buyer interest continues to show in specific segments—particularly where value and pricing align.

Stowe:

The single-family home market in Stowe experienced a notable shift. Sales volume declined by nearly 16%, and new listings fell by 13%, continuing the trend of constrained inventory. However, prices jumped significantly—average prices rose 33% and median prices surged nearly 68% year-over-year. The average price for a single-family home in Stowe remains above the $1 million mark, with the average single-family home now selling for $1.23 million, up from $1.07 million a year ago. Buyers continued to move cautiously—average days on market increased from 26 to 97. Homes sold at an average of 94% of the last list price, highlighting the importance of accurate pricing.

In contrast, the condo market was up: sales increased by 30%, and new listings jumped nearly 43%. While the average price increased 4% to $1 million, the median price dropped nearly 26% to $421K, likely due to a cluster of lower-priced units closing. That said, days on market decreased by 35%, and the average list-to-sale price rose to 98%, indicating strong demand for turnkey and lower-maintenance options.

Single-Family Homes:

• Properties Sold: -15.38%
• Average Sold Price: +32.96%
• Median Sold Price: +67.86%
• New Listings: -13.33%
• Average Days on Market: +273%
• Median Days on Market: +988%

Condos:

• Properties Sold: +30%
• Average Sold Price: +4.16%
• Median Sold Price: -25.97%
• New Listings: +42.86%
• Average Days on Market: -35.53%
• Median Days on Market: -10.53%

Click here to see the Stowe stats!

Lamoille County (Excluding Stowe):

Lamoille County’s single-family home sales volume remained flat compared to Q1 2024, but saw an 8% increase in new listings. The average sales price rose slightly to $472K (+3%), while the median fell by 22%, to $400K. Buyers are taking longer to commit—days on market increased by nearly 34%.

In broader metrics across all property types, properties sold rose by 21% and new listings by 16%, but pricing remained mixed. The list-to-sell ratio for single-family homes held steady at 95%, suggesting that when homes are priced right, they’re still trading close to asking.

All Property Types:

• Properties Sold: +20.97%
• Average Sold Price: +3.11%
• Median Sold Price: -22.13%
• New Listings: +16%
• Average Days on Market: +3.28%
• Median Days on Market: +109.09%

In the single-family home segment:

• Properties Sold: 0%
• New Listings: +8%
• Average Days on Market: +33.96%

Local Highlights:

• Morristown: Sales down 18%, prices down 9%, days on market (DOM) nearly doubled to 34%
• Hyde Park: Sales up 166%, new listings up 80%, median DOM up to 49 from 6
• Elmore: No sales this quarter (down 33%)
• Johnson: Sales flat, median prices fell 54%, listings up 25%
• Cambridge: Sales up 100%, new listings up 60%, days on market remain flat

  Click here to see the Lamoille County stats!

Waterbury:

Waterbury’s single-family home market saw a sharp rebound in activity, with a 133% increase in properties sold—though only 7 homes traded hands in Q1. New listings were limited, dropping 22%, reinforcing ongoing inventory challenges in Waterbury. Despite more sales, pricing pulled back slightly. The average price dipped by 5.62%, and the median fell 30%, reflecting a smaller sample size. Days on market skyrocketed from just 9 days in Q1 2024 to 80 days in Q1 2025, but notably, homes still sold above asking, with a 108% list-to-sale ratio.

Single-Family Homes:

• Properties Sold: +133.33%
• Average Sold Price: -5.62%
• Median Sold Price: -30%
• New Listings: -22.22%
• Average Days on Market: +788.89%
• Median Days on Market: +1000%

Click here to see the Waterbury stats!

Overall Market Insights:

The first quarter of 2025 reflected a market still adjusting to a post-pandemic world, with buyers showing increased selectivity and homes taking longer to sell across most segments. In Stowe, higher-end sales pushed average prices up, but fewer listings and significantly longer days on market signaled a more cautious buyer pool. Meanwhile, more accessible segments—like condos and mid-range single-family homes—saw stronger activity and faster sales, especially when priced and presented well.

Inventory remains tight in places like Waterbury and Stowe’s single-family market, but there are encouraging signs in Lamoille County and the Stowe condo segment, where new listings increased. While bidding wars are no longer the norm, select properties—especially in low-inventory areas—are still selling over asking. Sellers should focus on strategic pricing and presentation, while buyers may find opportunities in expanding inventory.

Understanding the latest market trends is essential whether you’re buying, selling, or simply exploring your options. With inventory shifting, buyer behavior evolving, and pricing strategies more important than ever, now is the time to partner with a local expert.

Contact our team, your trusted real estate advisor, today to discuss what these Q1 2025 insights mean for your goals—and how to position yourself for success in 2025.

Q4 2024 Real Estate Market Report: Stowe, Lamoille County, and Waterbury, VT

The fourth quarter of 2024 revealed varied trends across the real estate markets in Stowe, Lamoille County, and Waterbury, Vermont. Each area exhibited unique dynamics influenced by shifts in inventory, pricing, and buyer activity.

Stowe:

The real estate market in Stowe showed a mix of trends in Q4 2024. The single-family home segment experienced a modest 4% increase in properties sold, as compared to Q3 2023, but both the average and median sold prices declined by 5.51% and 10.73%, respectively. New listings decreased by 44%, suggesting a tightening inventory. Days on market surged, with average days on market increasing by 67.44% and median days on market by 150%, reflecting slower movement and a need for repositioning of properties that have been lagging on the market.

In the condo market, sales surged by 83.33%, driven by a sharp 30.30% increase in new listings. However, pricing faced slight pressure, with the average and median sold prices decreasing by 8.34% and 7.30%, respectively. This is likely due to the consolidation of the timeshares and selling off of units at Mountainside. Days on market declined, with average days dropping by 20%, indicating quicker sales for competitively priced condos.

In both housing categories, we observed that properties priced appropriately were selling well. Sellers who set high sale prices had to make adjustments to sell their properties. However, when priced correctly for the market, properties were selling for about 97% of the list price. Sales increased compared to 2023, leading to a decrease in inventory. This resulted in the months of supply falling below 5 months in Q4, marking the first time this occurred in 2024. As a result, we will begin the year with lower inventory levels.

Key Statistics:

• Single-Family Homes:

  • Properties Sold: 26 units, +4%

  • Average Sold Price: $1,408,589, -5.51%

  • Median Sold Price: $1,035,918, -10.73%

  • New Listings: 11 units, -44%

  • Average Days on Market: 70 days, +67.44%

  • Median Days on Market: 21 days, +150%

• Condos:

  • Properties Sold: 44 units, +83.33%

  • Average Sold Price: $773,613, -8.34%

  • Median Sold Price: $540,000, -7.30%

  • New Listings: 41 units, +30.30%

  • Average Days on Market: 30 days, +22.22%

  • Median Days on Market: 6 days, -20%

Click here to see the Stowe stats!

Lamoille County:

The single-family home market in Lamoille County saw an increase in properties sold, reflecting strong buyer interest. Despite the rise in activity, prices saw adjustments, with the average sold price declining by 5.5% and the median sold price falling by 8.2%. New listings increased by 12%, indicating improved inventory levels compared to earlier quarters. However, properties took longer to sell, with average days on market increasing by 14.3%, suggesting buyers are taking more time to make purchasing decisions, particularly for higher-priced homes. The continued high level of mortgage rates has also contributed to properties taking longer to transact.

Much like the Stowe market Lamoille also saw properties trade within 97% of their listing price. This means that the while the average and medium prices have decreased homes are still holding their value. Additionally, the months supply going into 2025 will be the lowest we’ve seen in two years.

Notable Trends in Specific Areas:

• Morristown: Properties sold rose by 93%, with a 4.63% increase in the median sold price.

• Johnson: Properties sold increased by 267%, and the median sold price climbed by 28%.

• Hyde Park: A 133% increase in sales was observed, though the median sold price fell by 5%.

Key Statistics:

• Lamoille County Single-Family Homes:

  • Properties Sold: 86 units, +42.62%

  • Average Sold Price: $764,042,  -11.71%

  • Median Sold Price: $505,000, -10.71%

  • New Listings: 48 units, -12.07%

  • Average Days on Market: 55 days, +11.76%

  • Median Days on Market: 32 days, +250%

Click here to see the Lamoille stats!

Waterbury:

Waterbury’s single-family home market showed strong growth in Q4 2024, with properties sold increasing by 38%. Both the average and median sold prices rose significantly, by 39% and 18%, respectively, reflecting strong demand and sustained interest in higher-value properties. New listings grew by 17%, offering buyers more options compared to previous quarters. Properties moved more quickly, as evidenced by a 46% decrease in average days on market. However, the median days on market increased by 116%, suggesting that while some properties sold rapidly, others—particularly those priced above market expectations—took significantly longer to close.

Due to a lack of inventory and more moderately priced homes in Q4, single-family homes in Waterbury traded at 101% of the listing price. The months supply in Waterbury dropped drastically from 5+ months in Q3 to under 1 month in Q4 of 2024. As always, Waterbury continues to see low inventory and high demand.

Key Statistics:

• Single-Family Homes:

  • Properties Sold: 18 units, +38%

  • Average Sold Price: $912,111, +39%

  • Median Sold Price: $617,500, +18%

  • New Listings: 4 units, +17%

  • Average Days on Market: 26 days, -46%

  • Median Days on Market: 13 days, +116%

Click here to see the Waterbury stats!

Overall Market Insights:

The Q4 2024 real estate markets in Stowe, Lamoille County, and Waterbury showed resilience despite broader market challenges. While Stowe faced price declines and slower movement in the single-family segment, its condo market demonstrated strong activity. Lamoille County experienced significant increases in sales volume, but pricing pressures persisted across the region. Waterbury stood out with robust demand and rising prices, supported by increased inventory.

As 2025 approaches, the combination of evolving buyer preferences, potentially rising inventory in some areas, and slower movement for high-value properties suggests a market recalibration. Sellers should focus on strategic pricing, while buyers may find opportunities in areas where inventory is expanding. Consulting local real estate experts will be crucial for navigating these nuanced market conditions.

2024 Q3 Stowe Area Real Estate Insights: 

Rising Listings, Selective Buyers, and Market Adjustments

In the third quarter of 2024, the real estate markets in Stowe, Lamoille County, and Waterbury, Vermont, exhibited diverse yet interrelated trends, reflecting broader economic conditions and local market dynamics. Each area displayed its unique market adjustments, with varying degrees of activity across single-family homes and condo segments.

Stowe:

In Q3 2024, Stowe’s real estate market saw a mixed performance in both single-family homes and condos. In Q3 we continued to see homes sell for less and take more time to sell from the peak and years directly after the Covid market.  This has become more pronounced during Q3 2024 with the average days on market increasing 140% year over year and median days on market rose by 87.50%, while this can be attributed to higher priced homes, over $2M taking longer to sell, it is a trend to be taken into consideration across all price points. The single-family home market experienced a 33.33% increase in properties sold, indicating stronger market activity. Average and median sold prices saw notable rises of 13.61% and 43.79%, respectively, showcasing a trend toward higher-value transactions. New listings increased by 17.14%, signaling increased seller activity. While the increase in days on market is an important trend to monitor,  it’s worth noting that properties that were priced appropriately were still seeing relatively quick sales. Although there were price reductions for new listings and longer days on the market in the third quarter, the increase in average and median prices suggests that property values are holding steady in our market.

In the condo segment, Stowe experienced an 81.82% increase in properties sold. However, the average and median sold prices dropped by 32.74% and 34.38%, respectively, likely due to increased inventory and competition. New listings surged by 157.14%, but the average days on market dropped significantly by 90.56%. Several of these numbers are driven by the Mt. Side Condo development which transitions from fractional ownership to whole ownership on over 30 units. Many of these have traded without hitting the market, Coldwell Banker Carlson Real Estate is representing these units, and has access to all off market units. Outside of this development the market is showing that competitively priced condos were moving faster despite the overall price corrections.

Q3 2024 also saw the implementation of the new state transfer tax increase on second home purchases from 1.47% to 3.62% as well as new property assessments and tax increases. Since these new increases directly impact buyers, it’s important to factor them into proper market positioning. We expect their impact to continue to unfold over the next several quarters.

Key Statistics:

• Single-Family Homes:
  • Properties Sold: +33.33%
  • Average Sold Price: +13.61%
  • Median Sold Price: +43.79%
  • New Listings: +17.14%
  • Average Days on Market: +140%
  • Median Days on Market: +87.50%
• Condos:
  • Properties Sold: +81.82%
  • New Listings: +157.14%
  • Average Sold Price: -32.74%
  • Median Sold Price: -34.38%
  • Average Days on Market: -90.56%
  • Median Days on Market: -91.14%

Click Here to see the Stowe stats! 

Lamoille County:

The real estate market in Lamoille County in Q3 2024 experienced a moderate increase in overall activity, with an 8.05% rise in properties sold across all property types. Average sold prices rose by 17.77%, and the median sold price increased by 14.92%. New listings surged by 50.38%, indicating higher seller confidence. The average days on market decreased by 28.57%, while the median days on market rose by 9.09%, indicating that while more properties were entering the market, some were taking longer to close. Historically when we see our market transition from a seller’s market to a buyer’s market areas outside of Stowe tend to see the first signs of a slower market. The statistics indicate this to be true.

In specific areas of Lamoille County:

• Morristown saw an 83% increase in new available single-family homes and a 73% increase in properties sold, with a 6.97% rise in median sold prices.
• Johnson experienced a 7.14% decline in available listings and a 50% in properties sold, but the median sold price jumped by 66%.
• Hyde Park saw an 88% increase in available single-family homes but faced a 91% drop in overall sales, with a 46% increase in median sold prices.

Key Statistics:

• All Property Types:
  • Properties Sold: +8.05%
  • Average Sold Price: +17.77%
  • Median Sold Price: +14.92%
  • New Listings: +50.38%
  • Average Days on Market: -28.57%
  • Median Days on Market: +9.09%

Click here to see the Lamoille stats!

Waterbury:

Waterbury’s real estate market experienced a downturn in activity for single-family homes in Q3 2024. The number of properties sold dropped by 43.75%, and the average sold price decreased by 13.82%, while the median sold price saw a slight dip of 0.27%. Despite the drop in sales, new listings rose significantly by 86.67%, indicating a potential oversupply, which would be the first time this has occurred in the Waterbury market in over 10 years. The average days on market increased by 11.11%, but the median days on market decreased by 40%, suggesting that well-priced properties were still moving quickly. Looking forward into Q4 we expect to see the sales volume in Waterbury increase.

Key Statistics:

• Single-Family Homes:
  • Properties Sold: -43.75%
  • Average Sold Price: -13.82%
  • Median Sold Price: -0.27%
  • New Listings: +86.67%
  • Average Days on Market: +11.11%
  • Median Days on Market: -40%

Click here to see the Waterbury stats!

Overall Market Insights:

The third quarter of 2024 saw a mixed performance across the Stowe, Lamoille County, and Waterbury real estate markets. Stowe and Lamoille County exhibited sustained growth in transaction volume and property values, especially in the single-family home segment. However, increased inventory and longer sales cycles in Stowe’s market and Waterbury’s declining sales suggest that strategic pricing will be key for sellers going into the next quarter. Buyers are becoming more selective and we have seen price corrections across our entire market, which usually indicates a shifting market. As we move into Q4, the combination of increased inventory and state and external economic factors, may exert downward pressure on the market, necessitating careful navigation by both buyers and sellers. Consulting with local real estate experts will be crucial for making informed decisions in this evolving market landscape.

Q1 2024 Stowe Area Real Estate Insights: Transition and Adjustment in a Dynamic Market

As we review the first quarter of 2024, the real estate markets in Stowe, Lamoille County, and Waterbury, Vermont, have exhibited distinct patterns of transition and adjustment. Each area responded differently to the underlying economic conditions, reflecting the unique characteristics and challenges of their respective markets. Here’s a closer look at how each area fared during this dynamic period.

Stowe

In Q1 2024, the Stowe real estate market showcased resilience despite significant price corrections. Sales volumes in single-family homes remained consistent year-over-year, though average sold prices dropped by 30.79% and median sold prices by 41.67%. The market saw a 15.38% increase in new listings, indicating seller optimism and possible market adjustments. Moreover, significant decreases in days on market for both single-family homes and condos suggest continued strong demand at adjusted price points.

Lamoille County

The real estate market in Lamoille County in Q1 2024 reflected a typical seasonal slowdown, with an overall decrease in activity. Sales volume fell by 11.43% and average sold prices by 22.71%, with a modest decrease in median sold prices. Despite fewer transactions, specific areas like Morristown and Eden showed strong growth in sales and prices, contrasting with a general market contraction. This indicates a market of mixed dynamics, with certain localities demonstrating resilience and potential for growth amidst broader market challenges.

Waterbury

Waterbury’s market in Q1 2024 underwent significant shifts, with a 70% drop in the number of properties sold, countered by substantial increases in both average and median sold prices. The market’s tightening was evidenced by an 18.18% decrease in new listings and a much quicker sales pace, indicating strong competition for well-priced properties.

Overview

The first quarter of 2024 revealed diverse adjustments across Stowe, Lamoille County, and Waterbury, with each area adapting to unique market conditions. Stowe adjusted to lower price points with quick sales, Lamoille County navigated seasonal slowdowns with pockets of growth, and Waterbury transitioned to a market focused on fewer, higher-value transactions. 

Outside of national influences on the real estate market, local factors, such as what the state determines around property taxes, could have a larger influence on the direction in which each of these markets heads throughout 2024.

This dynamic period underscores the importance of nuanced market understanding and the value of expert local advice for navigating the evolving real estate landscape.

Stowe VT Q1 2024 Market Report 

In the first quarter of 2024, the real estate landscape in Stowe, Vermont, presented strong and consistent sales as compared to the same timeframe in 2023. The single-family home market maintained the same number of sales in 2024 as in Q1 of 2023. A notable difference in Q1 of 2024 as compared to 2023 was a significant reduction in both the average sold price, which declined by 30.79%, and the median sold price, falling by 41.67%, highlighting a cautious approach from buyers in the higher price points within our market. Despite these downward trends, there was a notable 15.38% uptick in new listings, suggesting optimism among sellers or a potential market recalibration in response to shifting demands. The average days on market plummeted by 68.29%, with the median days on market also seeing a steep decline of 78.57%, indicating that properties that were priced appropriately found quicker closures. The reduction in days on market, combined with the lower average sales price, demonstrate that are still seeing high demand in the more favorable price points within our market.

The condo market in Stowe mirrored this trend of adjustment, albeit with its distinct nuances. Properties sold decreased by 16.67%, and there were significant drops in both the average sold price and median sold price, by 37.88% and 45.37%, respectively; this is likely due to a number of fractional units trading at Spruce Peak and Trapps. New listings in the condo segment decreased by 30.00%. This is likely due to a high number of condos trading within the past 3 years and continued low inventory. Even with lower inventory during Q1 of 2024, we have seen the average days on market for condos show a slight increase of 7.04%, diverging from the rapid sales closures observed in the single-family home segment. The decreases in average prices and increase in days on market may suggest a market-wide reassessment of property values.

The first quarter of 2024 for Stowe’s real estate market was characterized by significant price corrections and a faster pace of sales for those properties that were competitively priced. This period marked a stark contrast to the growth trends observed in the previous year, indicating a phase of market recalibration and adjustment, especially in the luxury segment of the market priced over $2M. Despite these challenges, the rapid closure of sales for single-family homes highlighted a latent demand for well-priced properties. The overall trend suggests a buyers’ market, where careful pricing and market understanding are key for sellers. The current market conditions may offer valuable opportunities for potential buyers, provided they navigate with an informed perspective. As the market continues its adjustment, staying abreast of the latest trends, such as the impact of property taxes and additional market data, will be crucial for both buyers and sellers. Consulting with local real estate experts remains invaluable for detailed insights and guidance through these shifting dynamics.

Click Here for Detailed Stowe VT Market Stats

Lamoille County Q1 2024 Market Report 

In the first quarter of 2024, Lamoille County’s real estate market underwent significant changes, reflective of both broader economic trends and local dynamics. The period saw a general downturn in activity, characterized by decreases in properties sold, average sold prices, and new listings across all property types. This adjustment phase presents a nuanced picture of the market, with variances across different segments and localities within the county. It is not atypical for markets outside of Stowe during the winter months as these areas tend to be more primary homeowners.

Across Lamoille County, properties sold decreased by 11.43%, accompanied by a 22.71% decline in the average sold price for all property types. The median sold price saw a modest decrease of 1.86%, suggesting a less dramatic shift in the midpoint of sale prices compared to average values. New listings also decreased by 15.56%, which is pretty indicative of a winter market in our area. Despite these decreases, the market remains stable, which is demonstrated by the unchanged median list price and only a 2.59% difference in the list-to-sold median price in Q1 of 2024.

Significant shifts were observed within specific areas and property types:

• Morristown revealed a 10% increase in properties sold with a notable 75% increase in the median sold price, highlighting an area of relative strength within the county.
• Johnson witnessed a 100% increase in new listings for single-family homes, paired with a stable sales volume and a slight 0.77% uptick in median sold prices, suggesting a market with growing inventory but consistent demand. This increase in inventory may be related to the flooding in 2023.
• Hyde Park remained steady in sales volume for single-family homes, with a 12% increase in median sold prices and a slight acceleration in market pace, indicating sustained demand and value appreciation.
• Cambridge experienced a 75% decrease in properties sold, with single-family homes and condos showing varied performance. Notably, single-family homes in Cambridge saw a 32% increase in median sold prices.
• Eden presented a contrasting picture, with a 150% increase in properties sold and a 35% increase in median sold prices for single-family homes.

The first quarter of 2024 in Lamoille County illustrated a market in transition, facing downward pressures on sales and prices but with pockets of resilience and growth. This period of adjustment may offer opportunities for buyers, particularly in areas where prices have softened. Sellers, meanwhile, may need to recalibrate their expectations and strategies to align with the current market conditions. As always, individual segments and localities within the county exhibit their unique trends, underscoring the importance of localized insights in navigating the market.

These shifts underscore the importance of strategic planning and market analysis for those considering entering or operating within the Lamoille County real estate market. Potential buyers and sellers are advised to consult with real estate professionals to navigate the complexities of the current market landscape effectively.

Click Here for Detailed Lamoille County Market Stats 

Waterbury VT Q1 2024 Market Report 

In the first quarter of 2024, Waterbury, Vermont’s real estate market exhibited a significant shift, particularly within the single-family home segment. This period was characterized by a notable decrease in the volume of properties sold, which dropped by 70% compared to the same quarter in the previous year. Additionally, in Q1 of 2024, the average sold price saw an increase of 21.86%, and the median sold price soared by an impressive 60.23%. This unexpected rise in property values, accompanied by a stark reduction in sales volume, was largely due to 5 of the 10 listings sold in Q1 of 2023 closing for under $325K.

Additionally, the quarter observed an 18.18% decline in new listings, which is fairly common for the Waterbury market. Despite this decrease in new listings, the market conditions favored sellers for the properties that were listed, as evidenced by a 13.33% rise in the average list price and a substantial 70.73% hike in the median list price. The speed at which transactions were completed also highlighted a significant change; the average days on market reduced by 75%, and the median days on market saw a 64.29% decrease. Despite the overall reduction in transactions, this rapid pace of sales underscores a persistent demand for properties that are priced appropriately, aligning with buyer expectations and market conditions.

The first quarter of 2024 for Waterbury’s real estate market thus presents a picture of a transitional phase, characterized by a reduction in sales volume but an increase in property values. This suggests a market that is adjusting to a new equilibrium, where high-value properties command significant interest despite broader market contractions. The decrease in new listings, alongside the rapid closure of sales, points to a competitive landscape for well-positioned properties. This period marks a clear deviation from previous trends, indicating a market that is increasingly selective, with a pronounced focus on premium offerings. Understanding these nuanced market dynamics will be key to navigating the ongoing adjustments and leveraging opportunities in a shifting real estate landscape for both buyers and sellers in Waterbury. Engaging with local real estate experts for insights and guidance remains essential for those looking to make informed decisions in this evolving market.

Click Here for Detailed Waterbury VT Market Stats 

Q4 2023 Stowe Area Real Estate Insights: Rising Values and Robust Demand Define Lamoille County, Stowe, and Waterbury Markets

In the fourth quarter of 2023, the real estate markets in Lamoille County, Stowe, and Waterbury, Vermont, showcased diverse yet interconnected trends, reflecting the dynamic nature of the region’s property landscape.

Stowe

Stowe’s market was characterized by increasing sales and property values in single-family homes and decreasing sales in condos, but increases in property values. The single-family home segment saw a 31.58% increase in properties sold, with the average and median sold prices increased. The condo segment also experienced a decrease in sales but saw robust increases in average and median sold prices. New listings in both segments increased, indicating a rejuvenated market interest. The trends in Stowe point to a stable market that, is growing in investment value.

Lamoille County

Lamoille County experienced a mix of decreasing sales volumes and increasing property values. The market saw an 18.69% decrease in properties sold, but this was offset by a significant rise in property values, with average and median sold prices increasing by 31.51% and 22.67%, respectively. New listings in the county increased by 10.23%, indicating a renewed seller interest. The average and median list prices also rose notably. These trends suggest a competitive market with rising property values.

Waterbury

Waterbury’s market maintained stability in the number of properties sold for single-family homes, with no change from the previous year. However, there was a notable increase in both average and median sold prices, indicating a growing market value. The market experienced a decrease in new listings, suggesting a tightening market. Despite this, list prices increased significantly, reflecting high demand and limited supply. The market dynamics in Waterbury indicate strong demand for single-family homes, with rising prices underscoring the area’s growing appeal.

Overview

Combining these insights, the Q4 2023 real estate market across Lamoille County, Stowe, and Waterbury presents a picture of a region experiencing value appreciation and robust demand, despite variations in sales volumes. The trends suggest a market adjusting to changing conditions, with potential for growth and investment across different property types and areas. For those seeking investment opportunities or considering property transactions in these areas, the market offers promising prospects, albeit with nuances specific to each locality. Consulting with local real estate experts is recommended for tailored advice and deeper insights into this dynamic market.

Stowe, VT Real Estate Report – Q4 2023

In the fourth quarter of 2023, the real estate market in Stowe, Vermont, continued to evolve with notable trends and shifts. The single-family home segment experienced a significant 31.58% decrease in properties sold compared to the same period last year. Despite this downturn in sales volume, the market demonstrated resilience in value, with the average sold price increasing by 7.38% and the median sold price rising by 17.81%. The sector also saw a substantial increase in new listings, up by 38.89%, indicating a rejuvenated interest in the market. This was further reflected in the adjustments of list prices, with the average list price increasing by 10.27% and the median list price by 12.84%. The market dynamics also showed a decrease in the time single-family homes spent on the market, with average days on market decreasing by 12.24% and median days on market significantly reducing by 64.29%.

The activity in the luxury market was similar to 2022, with two fewer sales in 2023. The average sales price remained level with a slight increase in 2023 to $2.994M compared to $2.973M in 2022. There was a greater difference in median selling price of $2.9M in 2023 compared to $2.625M in 2022. This was mainly driven by the increase in sales between $3M and $4M year-over-year. There was only one sale above $4M in 2023 compared to two the previous year.

Shifting focus to the condo segment, there was a 7.69% decrease in properties sold, suggesting a contraction in this market. However, similar to the single-family homes, the condo market saw a robust increase in value, with average sold prices soaring by 32.00% and median sold prices by 4.77%. The condo market also experienced a healthy 26.92% rise in new listings. The average and median list prices for condos followed this upward trend, increasing by 35.96% and 10.51%, respectively. The list-to-sell price ratio for condos decreased slightly by 4.04%. Additionally, the average and median days on the market for condos saw a significant decrease, indicating a quicker turnover in this segment.

In conclusion, Q4 2023 for Stowe’s real estate market was marked by a mix of declining sales but increasing property values, both in the single-family home and condo segments. This suggests a market that, while contracting in terms of volume, is growing in terms of investment value. The trends indicate Stowe’s sustained appeal and the potential for value appreciation in its real estate market. Although the trends in 2023 were positive, it is important to note that 2024 might witness more of the characteristic signs of a transitional market. In a market that is transitioning, it is crucial for sellers to react quickly to new sales data and for buyers to be vigilant in seeking out opportunities that they can leverage.  For those seeking detailed insights or data on specific aspects of Stowe’s real estate market, consulting with local real estate experts is advisable, we are always here to help!

Click Here for Detailed Stowe VT Market Stats

Lamoille County Q4 2023 Market Report

In the fourth quarter of 2023, Lamoille County’s real estate market exhibited a complex and evolving landscape. The period was characterized by a notable decrease of 18.69% in properties sold across all types, reflecting a contraction in market activity. However, this decrease in sales volume was counterbalanced by a significant appreciation in property values. The average sold price for all property types saw an increase of 31.51%, while the median sold price rose by 22.67%. This trend underscores the resilience and growing value in the Lamoille County real estate market.

The market also witnessed a 10.23% increase in new listings, indicating a renewed interest among sellers and a potential expansion in market offerings. This was accompanied by a substantial rise in list prices, with the average list price for all property types climbing by 32.84% and the median list price increasing by 32.22%. These figures suggest a bullish sentiment among sellers, reflecting confidence in the market’s strength. For purchasers, the current trend of decreasing interest rates has allowed for more buying power than in 2022 and early 2023. If the trend continues, it should draw more buyers into the market.

Further analysis of market dynamics reveals a shift in the time properties spent on the market. The average days on market decreased by 17.31%, and the median days on market saw a more pronounced reduction of 52.38%. This indicates a quicker turnover of properties, pointing to a market that is becoming increasingly dynamic and competitive.

In conclusion, the Q4 2023 real estate market in Lamoille County was marked by a blend of decreasing sales volumes and increasing property values across various property types. This juxtaposition suggests a market that is adjusting to changing conditions, with a clear trend of value appreciation. The data indicates a robust potential for investment growth in Lamoille County’s real estate sector. For those seeking more granular insights or specific data on Lamoille County’s real estate trends, consulting with local real estate professionals is recommended.

Click Here for Detailed Lamoille VT Market Stats

Waterbury VT Q4 2023 Market Report 

In the fourth quarter of 2023, the real estate market in Waterbury, Vermont, presented a unique set of trends and developments. The single-family home segment maintained stability in the number of properties sold, with no change from the previous year. However, there was a notable shift in property values. The average sold price for single-family homes increased by 12.14%, and the median sold price saw a more significant rise of 19.54%. This upward trend in prices indicates a growing market value in the Waterbury area.

Despite the stable sales volume, the market experienced a decrease of 14.29% in new listings for single-family homes. This reduction suggests a tightening market with fewer properties available for sale. However, the list prices adjusted accordingly, with the average list price increasing by 14.07% and the median list price showing a substantial rise of 48.05%. These figures reflect a market responding to high demand and limited supply.

The list-to-sell price ratio for single-family homes saw a slight decrease of 4.16%, indicating a slight shift in market dynamics. Additionally, the average days on the market for these homes increased by 21.95%, while the median days on the market remained unchanged. This suggests that while properties may be taking slightly longer to sell, the demand and value remain robust.

In summary, the Q4 2023 real estate market in Waterbury, Vermont, was characterized by stable sales volume, significant increases in property values, and a decrease in new listings. The market dynamics indicate a strong demand for single-family homes, with rising prices reflecting the area’s growing appeal. The trends observed in this quarter suggest that Waterbury’s real estate market is experiencing a phase of value appreciation, making it an attractive area for potential investors and homebuyers. For those interested in more detailed insights or specific data on Waterbury’s real estate market, consulting with local real estate experts is advisable.

Click Here for Detailed Waterbury VT Market Stats

The real estate markets in Stowe, Lamoille County, and Waterbury, Vermont, displayed diverse dynamics in Q3 2023, influenced by factors such as inventory constraints and evolving buyer inclinations.

Stowe’s real estate market remained vibrant, bolstered by its reputation as a top-tier destination for both primary residences and vacation homes. The decline in new listings for single-family homes intensified competition in Q3, with well-priced properties being particularly sought after, leading to fluctuating days on the market. Single-family homes continued to be a beacon of stability, with a consistent sales volume and notable price appreciation, appealing to a broad spectrum of buyers. Proper pricing can have a significant impact on achieving higher sales numbers as opposed to chasing the market. The pandemic-induced buying mentality has shifted to a more informed investment mindset. The condominium segment, however, grappled with challenges, primarily due to a limited influx of new listings. This scarcity drove up prices, underscoring a sustained demand for condos and their associated lifestyle benefits.

In essence, Stowe’s real estate landscape offers a plethora of opportunities for both buyers and sellers, with a diverse array of properties catering to different tastes and requirements.

Lamoille County’s single-family home market experienced a dip in sales, primarily attributed to a decrease in inventory. Yet, the rise in average sales prices showcased the county’s enduring appeal, drawing buyers keen on securing value-driven deals. Towns like Morristown and Hyde Park further highlighted this trend. The land market in the county presented a more subdued picture, with decreased sales and extended days on the market hinting at a more measured pace of transactions.

Waterbury experienced encouraging trends, especially in the realm of single-family homes. While there was a decline in sales and new listings, the significant upticks in average and median prices emphasized Waterbury’s continued allure. This resilience in the face of limited inventory underscores the robust demand and favorable market conditions in the region.

Stowe, VT Real Estate Report – Q3 2023

In the third quarter of 2023, Stowe’s real estate market displayed a variety of noteworthy trends. The overall landscape for single-family homes indicated a 16.00% decline in properties sold compared to the same period last year. However, the average sold price saw an uptick of 2.32%, while the median sold price experienced a decrease of 4.04%. New listings for single-family homes showed promise, with a rise of 16.67%. The average and median list prices for these homes went through adjustments, decreasing by 1.20% and 19.70%, respectively. The time single-family homes spent on the market showed mixed results, with the average days increasing, but the median days decreasing by 11.11%.

Transitioning to the condo segment, there was a significant 50.00% reduction in properties sold. Despite this, both the average and median sold prices for condos witnessed substantial growth, increasing by 63.74% and 62.81%, respectively. New condo listings saw a decline of 25.00%. Reflecting the heightened demand for condos in Stowe, the average and median list prices rose by 56.72% and 59.29%. The list to sell price ratio for condos also improved by 4.24%. A standout observation in the condo market was the extended duration condos remained on the market, with an average of 320 days before being sold. This is due to the Trapp Villa triplex units having extended days on market because they were new builds. If you remove them from the data the average days on market were much reduced to 49 days.

In conclusion, while Stowe’s single-family home market presented a balanced mix of growth and decline, the condo market emphasized the town’s enduring appeal and value appreciation, even with fewer transactions. For those seeking more in-depth data or insights into specific areas of Stowe, consulting with local real estate experts is recommended.

Click Here for Detailed Stowe VT Market Stats

Lamoille County Real Estate Report – Q3 2023

In the third quarter of 2023, Lamoille County’s real estate market exhibited several significant trends. The overall landscape showed a decline in properties sold by 27.12% across all property types as compared to the same time last year. However, the average sold price and median sold price increased by 21.74% and 14.98%, respectively. New listings experienced a modest rise of 1.55%. The average and median list prices also surged by 19.29% and 22.11%, respectively. The duration properties spent on the market varied, with the average days increasing by 63.33% and the median days rising by 22.22%.

Morristown stood out with its real estate dynamics. New listings decreased slightly by 8%, settling at 23 properties. The number of properties sold saw a decline of 27%, amounting to 11. However, the median sold price in Morristown showed a positive trend, increasing by 4.96% to $402K. This suggests that while there might be fewer transactions, the value of properties in Morristown is appreciating, making it a potential hotspot for investors and homeowners looking for value appreciation.

Elmore had a 50% decrease in new listings, with only one property listed. Similarly, properties sold also decreased by 50% to just one. The median sold price for the single-family homes in Elmore increased by 25% to $620K, and properties took an average of 13 days to sell, which was a decrease of 58% from the previous year.

In Hyde Park, there was an 11% reduction in new listings, with a total of 8 properties. However, properties sold increased by 38% to 11. The median sold price more than doubled, marking a 125% increase to $427K. Properties in Hyde Park were sold faster, with the median days on the market decreasing by 59% to just 7 days.

Johnson witnessed a significant 225% increase in new listings, totaling 13. However, the number of properties sold decreased by 27% to 8. The median sold price slightly dipped by 2.18% to $293K. The time properties spent on the market before being sold increased considerably, with properties taking 118% longer, averaging 24 days.

Lastly, Cambridge maintained its pace with 15 new listings, showing no change from Q3 2022. The number of properties sold decreased by 40% to 12, but the median sold price jumped by 36% to $452K. The median days a property stayed on the market before being sold reduced by 45% to just 6 days.

In conclusion, Lamoille County’s real estate market, while showing a decline in properties sold, indicates a potentially appreciating market in specific areas. The increase in sold prices across various towns suggests a robust and evolving market landscape. For those interested in more detailed data or insights into specific neighborhoods, it’s recommended to consult with local real estate experts.

Click Here for Detailed Lamoille VT Market Stats

Waterbury, VT Real Estate Report – Q3 2023

In the third quarter of 2023, Waterbury’s real estate market showcased a series of intriguing shifts. For single-family homes, there was a decline of 23.81% in properties sold compared to the same period in the previous year. However, the market demonstrated resilience with the average sold price increasing by 9.61% and the median sold price rising by 5.05%. New listings for single-family homes saw a significant reduction, decreasing by 42.31%. Despite this, both the average and median list prices for these homes experienced growth, increasing by 6.05% and 7.42%, respectively. The list-to-sell price ratio for single-family homes improved slightly by 2.52%. In terms of the duration homes spent on the market, the average days decreased by 18.18%, while the median days on the market saw a substantial increase of 66.67%.

In conclusion, while the number of single-family homes sold in Waterbury decreased in Q3 2023, the market reflected a potential appreciation in property values. The rise in both average and median sold prices, coupled with the increase in list prices, suggests a robust demand. However, the significant drop in new listings and the varied time properties spent on the market indicate a complex market dynamic. For those seeking a deeper understanding or insights into specific areas of Waterbury, consulting with local real estate experts is advised.

Click Here for Detailed Waterbury VT Market Stats

Varied Trends Shape Stowe Area Real Estate Markets Amidst Limited Inventory and Strong Buyer Demand

The real estate markets in Stowe, Lamoille County, and Waterbury, Vermont, exhibited varied trends in Q2 2023, shaped by factors such as limited inventory and changing buyer preferences.

The Stowe real estate market continued to thrive, fueled by its status as a premier second home destination offering abundant recreational activities. Due to a decline in new listings, the competition among buyers intensified in Q2 of 2023, and appropriately priced properties remained in high demand, leading to a decrease in days on the market.

Single-family homes displayed strength with stable sales volume and significant price appreciation, attracting both primary homeowners and vacation home seekers. Condominium sales also encountered challenges with limited new inventory leading to price growth and indicating sustained demand for a more convenient lifestyle. The land market remained stable, presenting opportunities for buyers, despite decreased sales volume, lower prices, and longer days on the market.

Overall, the Stowe real estate market presents promising prospects for buyers and sellers alike, with a wide range of property options catering to various preferences and lifestyles.

The single-family home market in Lamoille County faced a downturn in sales due to limited inventory. However, the average sales price continued to rise, attracting active buyers looking for well-priced properties. The land market also saw decreased sales, with lower prices and extended days on market suggesting a slower-paced market for land properties.

The Waterbury real estate market demonstrated positive developments in both land sales and single-family homes. For land sales, there was an increase in transactions, and the days on market significantly decreased, indicating growing interest in the land market. However, the decline in average and median land sales prices can be attributed to various market factors and a limited number of land sales in the previous year.

In contrast, the single-family home market in Waterbury faced challenges due to limited inventory. Despite a decrease in the number of sales and new listings, the market remained robust, as evidenced by significant increases in average and median home prices, highlighting the region’s desirability and strong market conditions.

As we move forward, closely monitoring market dynamics in Stowe, Lamoille County, and Waterbury will be crucial to understand how the real estate landscape evolves. Limited inventory, changing buyer preferences, and economic conditions will continue to shape the markets, making it essential for both buyers and sellers to stay informed and adapt their strategies accordingly.

Q2 2023 Stowe VT Real Estate Report

Single-Family Homes

The Stowe, Vermont real estate market demonstrated remarkable resilience and growth during the second quarter of 2023. Despite challenges posed by limited inventory due to a decrease in new listings, the market maintained its appeal to buyers, resulting in a substantial increase in both average and median sold prices. With a significant increase in median sold price and a decrease in days on market, the demand for well-priced properties remained high.

In Q2 2023, the Stowe VT real estate market for single-family homes experienced stable sales volume, with no change from the number of sales recorded in Q2 2022, totaling 17 sales. However, the market showed some interesting trends:

1. New Listings: There was a significant 40% decrease in new listings compared to Q2 2022. This scarcity of new inventory might have contributed to the stability of sales volume as buyers had limited options.
2. Days on Market: Surprisingly, the days on market decreased by 10% from 2022. This suggests that well-priced properties were in high demand and moved quickly off the market.
3. Average Sold Price: The average home sold price in Q2 2023 saw a substantial increase of 20% compared to the same period in 2022. This significant increase indicates sustained demand and appreciation in property values.
4. Median Sold Price: The median sold price experienced an impressive rise of 46% compared to the previous year, reaching $1,210,000. This substantial growth reflects the attractiveness of Stowe as a desirable destination for real estate investments.

In summary, the single-family homes market in Stowe, VT, showed healthy demand despite a decrease in new listings. Prices continued to rise, attracting buyers despite the limited inventory.

Condominiums

Although the prices of Stowe VT condominiums keep rising, the second quarter of 2023 saw a decrease in sales. This is primarily due to a scarcity of new inventory, which has hindered the growth of the market.

1. Number of Sales: The number of condo sales declined by a substantial 47% in Q2 2023 compared to the same period in 2022, with only 17 condos sold.
2. New Condo Listings: New condo listings decreased dramatically by 71% in Q2 2023, indicating a lack of available properties in the market.
3. Days on Market: The average days on market for condos in Q2 2023 increased by a staggering 113% compared to Q2 2022. This suggests that condos took much longer to sell during this period.
4. Average Sold Price: Despite the challenges, the average sales price for condos in Stowe VT increased by 14% in Q2 2023 compared to the previous year.
5. Median Sold Price: The median sold price for condos also saw growth, rising by 36% in Q2 2023 compared to Q2 2022.

Despite the decline in sales and a drastic decrease in new listings, the condo market still experienced price appreciation, making it an interesting market to watch.

Land

The land real estate market in Stowe, Vermont, experienced significant changes in Q2 2023 compared to the same period in 2022. This section provides a comprehensive analysis of key indicators that shaped the land sales market during this timeframe.

1. Number of Sales: In Q2 2023, there were 4 total land sales in Stowe, while there were 7 sales in Q2 2022. This indicates a decrease in land transaction activity between the two quarters.
2. Days on Market (DOM): The average days on market for land properties in Q2 2023 increased to 69 days, compared to only 31 days in 2022. The median days on market also increased significantly, rising to 36 days from 13 days in 2022.
3. Average Sales Price: The average sales price for land properties in Q2 2023 increased remarkably from $437,892 in Q2 2022 to $693,750. This reflects a substantial increase of approximately 58.3%.
4. Median Price: The median sales price for land properties also saw an increase, rising from $415,000 in Q2 2022 to $427,500 in Q2 2023, showing a growth of approximately 3%.

In comparison to the second quarter of 2022, the same period in 2023 showed a decline in the number of land sales. However, the average and median sales prices displayed positive growth, indicating a robust demand for land properties in Stowe. This is also likely due to the lack of available land to buy. 

Market Analysis

The Stowe, Vermont real estate market continued to captivate buyers and investors in Q2 2023. The limited inventory due to a decline in new listings contributed to heightened competition among buyers. However, properties priced appropriately were in high demand, evidenced by the decrease in days on market.

Stowe’s reputation as a premier second home destination, offering a plethora of recreational activities throughout the year, continued to drive demand for vacation homes and investment properties. Additionally, the increasing popularity of remote work arrangements enabled professionals to consider Stowe as an appealing location to combine work with an enhanced lifestyle.

In conclusion, Q2 2023 in the Stowe VT real estate market presented varied trends across different property types. Single-family homes showed strength with stable sales volume and considerable price appreciation. Condos faced challenges with declining sales and a lack of new inventory, yet still experienced price growth. The land market remained stable, presenting opportunities for buyers and investors. It will be crucial to keep a close eye on market dynamics in the upcoming quarters to understand how the real estate landscape evolves in Stowe VT.

Outlook for Q3 2023

The Stowe, Vermont real estate market is anticipated to maintain its positive momentum in the third quarter of 2023. Strong demand, coupled with limited inventory, is likely to influence further price appreciation. Sellers should be mindful of pricing their properties competitively to attract buyers, while buyers should act decisively to secure well-priced homes in the competitive market.

New construction and build packages may provide an interesting option for buyers. As the economic recovery continues, Stowe’s real estate market is positioned to remain a desirable destination for both primary homeowners and investors seeking lucrative opportunities.

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Q2 2023 Lamoille County, VT Real Estate Report 

Single-Family Homes

In the second quarter of 2023, there was a noticeable decrease in sales and new listings of single-family homes in Lamoille County, Vermont compared to the same period in 2022. It is likely that the lack of new listings caused the decrease in sales. Despite the decrease in transactions, there were some encouraging developments in average and median sales prices. 

1. Number of Sales: Single-family home sales in Lamoille County were down by 23% in Q2 2023 compared to the same period in 2022, with only 52 homes sold. This decline in sales is indicative of low inventory.
2. New Listings: New listings experienced a decrease of 35% compared to Q2 2022, with only 92 homes listed for sale. The limited inventory posed a challenge for prospective homebuyers.
3. Days on Market (DOM): Surprisingly, the average days on the market decreased by 6% from the previous year, indicating increased buyer activity and demand for well-priced properties.
4. Average Sales Price: Despite the decline in the number of sales, the average sales price for single-family homes in Lamoille County rose by nearly 10% in Q2 2023. The average sales price reached $407,892.
5. Median Price: The median price also experienced a modest increase of 2%, reaching $378,500 for Q2 2023. This growth indicates overall stability in the market.

Land Sales

The land market in Lamoille County, outside of Stowe, saw reduced sales activity in Q2 2023, accompanied by an increase in the average days on the market, indicating a slower pace in land transactions. The decline in both the average and median sales prices suggests adjustments in property values as demand and market conditions evolved during this period.

1. Number of Sales: Land sales in Lamoille County, outside of Stowe, saw 13 transactions in Q2 2023, compared to 16 sales in the same period in 2022, representing a decline in activity.
2. Days on Market (DOM): The average days on market for land sales increased to 158 days in Q2 2023, up from 122 days in 2022, indicating a slower-paced market for land.
3. Average Sales Price: The average sales price for land properties decreased from $160,500 in Q2 2022 to $109,192 in Q2 2023, representing a decline of approximately 32%.
4. Median Price: The median price for land properties also experienced a decrease, falling from $101,000 in 2022 to $98,000 in Q2 2023, indicating a slight decline.

*Note: The average and median sales prices for single-family homes and land in Lamoille County shown above exclude Stowe.

Market Analysis

The single-family home market in Lamoille County faced a downturn in sales likely due to limited inventory. However, the average sales price continued to rise, indicating that well-priced properties attracted active buyers. Despite the decrease in land sales, the market saw lower prices and a longer time on the market, indicating a slower-paced market for land properties.

Outlook for Q3 2023

According to market analysts, the Lamoille County real estate sector is anticipated to encounter some hurdles in the third quarter of 2023. One of the significant challenges that homebuyers may encounter is a shortage of inventory for single-family homes. This scarcity may lead to increased competition for well-priced properties, which can make it more challenging for buyers to secure the home they desire. Additionally, slower land sales may also contribute to the difficulties faced by the real estate market in Lamoille County during this period. These factors may require potential buyers to be more strategic and patient in their search for their dream home. 

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Q2 2023 Waterbury, Vermont Real Estate Market Report

Single-Family Homes

The Waterbury, Vermont real estate market for single-family homes showed notable changes in Q2 2023 compared to the same period in 2022. Limited inventory played a significant role in influencing sales activity, while an increase in average and median prices demonstrated the market’s resilience despite challenges.

1. Number of Sales: Single-family home sales in Waterbury were down by 11% in Q2 2023 compared to the previous year, with only 8 homes sold. The decrease in sales was primarily driven by the limited inventory available during this period.
2. New Listings: New listings decreased by 5% by the end of Q2 2023, further contributing to the constrained inventory situation, making it challenging for buyers to find suitable properties.
3. Days on Market (DOM): Surprisingly, the average days on market increased by 64% to 41 days in Q2 2023. This rise in DOM can be attributed to overpriced homes that may require additional work, potentially deterring buyers in an already competitive market.
4. Average Home Sales Price: Despite the decrease in sales volume, the average home sales price in Waterbury increased to $600,125 in Q2 2023 from $505,805 in Q2 2022, reflecting a substantial rise of approximately 18.6%.
5. Median Price: The median home price also experienced a notable increase, rising to $465,500 in Q2 2023 from $401,000 in Q2 2022, representing a growth of about 16.1%.

Land

Waterbury, VT, land sales saw notable changes in Q2 2023 compared to the same period in 2022. Despite a limited number of land sales in the previous year, the market displayed improvements in sales volume and days on market, while average and median prices experienced declines.

1. Number of Sales: Land sales in Waterbury increased in Q2 2023, with 3 sales compared to only 1 sale in Q2 2022. The rise in the number of sales indicates a potential increase in demand for land properties.
2. Days on Market (DOM): The average days on market for land properties decreased significantly from 1065 days in Q2 2022 to 77 days in Q2 2023. This substantial reduction suggests improved market activity and quicker transactions.
3. Average Land Sales Price: The average land sales price decreased from $298,000 in Q2 2022 to $277,333 in Q2 2023, representing a decline of approximately 7%.
4. Median Price: The median land price also experienced a decrease, falling from $298,000 in Q2 2022 to $250,000 in Q2 2023, showing a decline of approximately 16%.

Market Analysis

The Waterbury real estate market showcased positive developments in both land sales and single-family homes during Q2 2023. For land sales, there was an increase in the number of transactions, and the days on market significantly decreased, indicating growing interest and activity in the land market. However, the decline in average and median land sales prices can be attributed to various market factors and the limited number of land sales in the previous year, which may have influenced pricing trends.

In contrast, the single-family home market in Waterbury encountered challenges with limited inventory during Q2 2023. The decrease in the number of sales and new listings indicates a competitive landscape for buyers. Nevertheless, despite these constraints, the market remained robust, as evidenced by significant increases in average and median home prices, demonstrating the region’s desirability and strong market conditions.

Outlook for Q3 2023

For the Waterbury real estate market, Q3 2023 is likely to see continued changes and competitive conditions for both land sales and single-family homes. The decrease in days on market for land properties is a positive sign for land sellers and buyers, indicating potentially quicker transactions.

Buyers seeking land properties in Waterbury should be vigilant due to the limited inventory, which may lead to increased competition. On the other hand, for single-family homes, buyers should be prepared for a competitive market, and sellers should carefully consider pricing strategies to attract potential buyers.

The desirability of the Waterbury region is expected to persist, potentially driving continued appreciation in property values for both land and single-family homes.

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