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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'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 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'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.
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.
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In the fourth quarter of 2023, the real estate market in Stowe, Vermont, continued to evolve with notable trends and shifts.
In the fourth quarter of 2023, Lamoille County's real estate market exhibited a complex and evolving landscape.
In the fourth quarter of 2023, the real estate market in Waterbury, Vermont, presented a unique set of trends and developments.
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% dec…
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 2…
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 propert…
The Stowe, Vermont real estate market demonstrated remarkable resilience and growth during the second quarter of 2023.
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…
The Waterbury, Vermont real estate market for single-family homes showed notable changes in Q2 2023 compared to the same period in 2022.
Buyer demand helped to keep overall values fairly even in Q1 2023 compared to a year ago, with properties trading on average within 97% of their final list price.
As we expand into all of Lamoille County, an area comprising 9 towns, in addition to Stowe, we see similar trends in reduction of sales volume and new inventory.
Waterbury saw a burst of activity in Q1 2023 compared to Q1 2022, with 9 homes trading compared to 4 last year.
Waterbury saw a decrease in terms of the number of sales, by 23% compared to a year ago.
In Lamoille County, an area comprising 9 towns, in addition to Stowe, there was a decrease in overall sales by 22%, which was reflected in the market as a whole.
Stowe saw a decrease in overall sales volume compared to Q4 2021, with a 29% decrease in Q4 2022.
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