In Lamoille County, an area comprising 9 towns, in addition to Stowe, there was a decrease in overall sales by 10%, which was reflected in the market as a whole. The average price decrease was similar to Stowe, decreasing by 30%, compared to Q3 2021. The median sales price grew by 11%, again showing the gains these markets have seen in overall value in the past two years.  There was a market wide reduction in homes available by 22% compared to a year ago, with a slight increase of days on market by 12%. While there was a decline in the numbers as a whole we found that the attractiveness of Lamoille County, offering Vermonters access to high-quality jobs, healthcare services, and lifestyle activities continues to drive home sales in this area.

Land sales mimicked the home sales in that there were declines in overall parcels sold, 23, compared to 40 a year ago.  The average price increased from $115K to $141K, this is mostly due to the fact that many lower-valued parcels traded out of the market last year. The median sales price barely increased, again showing that more highly valued properties are trading in Q3 2022. The average days on the market was 85 and the median was 21, compared to 145 and 48 in 2021. As land becomes harder to find in Stowe and for those who want more space and privacy, land north of Stowe remains a very attractive option.

VIEW THE LAMOILLE NUMBERS IN DETAIL HERE.

*Figures reflected in the report (linked above) show all of Lamoille County including Stowe. The above narrative excludes the Stowe data.