Waterbury saw declines across the board in terms of the number of sales, new listings, and average and median sales prices. Where the market excelled was the sales price compared to the listing price, which was up by 6%, showing there remains strong competition for properties within this market. The number of sales dropped by 30% compared to the year before and this is a direct result of limited inventory. The average and median sales prices were down 28% and 39% respectively. The average sales price went from $685K to $505K and the median sales price went from $625K to $401K. There was a slight drop in average and median days on market, 7% and 14% respectively. There are 11 active listings available, ranging from $285K to $1.6M.
Land in Waterbury did see a decrease in sales, with 3 parcels sold in Q2 of 2022, compared to 5 in 2021. Although there was a decrease, the average and median sales prices did jump, given all 3 properties sold above $290K. The average sales price went from $181K to $304K and the median moved from $190K to $298K. There are only two parcels available on the market.
Since Waterbury has such a small sample size in single-family and land sales, we will continue to monitor the market to seek further indicators of where 2022 is headed, given the overall lack of inventory available, even with decreases seen in Q2, we expect sales in Waterbury to remain strong.
Stay up to date on the latest real estate trends.
Waterbury saw declines across the board in terms of the number of sales, new listings, and average and median sales prices.
In Lamoille County, an area comprising 9 towns, in addition to Stowe, there was a decrease in overall sales by 15%.
Stowe saw a decrease in overall sales volume compared to 2021, with a decrease of 41% in Q2 2022.
Recent 87-degree days have us looking forward to summer and anticipating the upcoming springtime events we so enjoy!
We are excited to announce the opening of our new office on Portland Street in Morrisville!
Wire fraud scams are becoming more prevalent whereby fraudulent individuals are creating emails.
Coldwell Banker Carlson Real Estate and their agents were honored at the annual Coldwell Banker conference in Mashantucket CT.
In 2016 the Stowe area market generally reflects that of the broader market throughout Vermont, and much of the nation.
The increase in the number of residential sales in Stowe, for this period, brings it close to the level of 2014, which was high, for the last 10 years.
Let our family business help you find your Stowe Vermont dream home. If you are searching for a Stowe condo, Stowe VT luxury property, vacation home or primary residence, we are here to help.