Welcome to the Coldwell Banker Carlson Real Estate Market Report. Our 2016 Year-End examination of the real estate market in the Stowe area uses market-wide data based on transactions that closed in 2016 in the Multiple Listing Service; and compares them to sales that took place during 2015.
In 2016 the Stowe area market generally reflects that of the broader market throughout Vermont, and much of the nation. The housing market in general remains one of the strongest underpinnings of the overall economy.
Residential sales were back on the rise, and by the end of Q4, they were up by as much as 28%. The total was 91, as compared to 71 by the end of 2015. This is the largest number of residential sales seen since 2004, with the sub $500K price range leading the way with 56% of the market share.
The overall inventory for Stowe residences dipped again, this time by 23%, which equates to an 8 months’ supply. The lack of inventory varies though, in different price ranges, which will be addressed in more detail further into this report.
Coldwell Banker Carlson Real Estate, once again, holds the largest market share of sales of any single office in the Stowe area. Whatever your real estate needs are in the coming year, CBCRE is the market and technology leader, and we are always there to share every resource we have available, for you to benefit from.
We hope you find our Year-End Report helpful; and welcome any questions you may have regarding it.
