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STOWE AREA 1ST QUARTER 2016 MARKET REPORT

Market Report

Welcome to the Coldwell Banker Carlson Real Estate Market Report. This 1^st quarter report of 2016, is an examination of the real estate market in the Stowe area, using market-wide data based on transactions in the Multiple Listing Service (MLS), and comparing them to that of the 1^st quarter of 2015.

The winter of 2016 will be memorable in many respects, most notably due to the lack of snow; and unseasonably mild weather. Skiers and riders have enjoyed some of the best spring conditions though, as snow continued to fall in April. The mountain plans to operate lifts on Mt. Mansfield, until April 24th this year – long after most area resorts have closed. Signs of spring have been welcome, including a continuation o f the maple sugaring season, which saw one of the strongest and lengthiest seasons in years.

In the world of real estate, supply and demand is still largely the story, both nationwide and locally. Finding the right property can be challenging, due to continued shortages of inventory. The overall demand for buying is solid, so in many regards, it is a good time for sellers to list their homes. With rental amounts outpacing mortgage payment expense, and availability of low interest rates, it is also a good time for buyers to be in the market.