Waterbury saw a decrease in terms of the number of sales, by 23% compared to a year ago. Q4 2022 saw the average and median sales prices decrease by 17% and 26%, respectively. Year over year, the average sales price went from $600K to $561K and the median sales price went from $517K to $435K. The average days on market increased by 28% in Q4 2022 compared to Q4 2021. There are 3 active listings available, ranging from $275K to $350K, this is typical for the time of year and we expect additional inventory to hit the market later in Q1 2023.
One land parcel was sold in Q4 2022 compared to 4 during the same period last year. There are currently only 4 parcels on the market priced between $150K and $450K.
Waterbury continues to benefit from its location as the center of the triangle between Stowe, Burlington, and Montpelier. While it is a market that is impacted by rising rates, we expect that it will continue to hold its value as buyers find it highly desirable.
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