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STOWE AREA 2ND QUARTER REAL ESTATE MARKET REPORT

Market Report

Welcome to the Coldwell Banker Carlson Real Estate market report; our 2nd Quarter 2016 examination of the real estate market in the Stowe area. This report uses market-wide data based on transactions that closed in during the 1st 6 months of 2016 in the Multiple Listing Service, and compares them to sales that took place during the same period of 2015.

Just as our local communities have seen recent growth and enhanced vibrancy, so too has the residential real estate market. New businesses, restaurants and attractions have been popping up in Stowe and beyond, including The Alchemist opening its doors to their new acclaimed brewery, the new Adventure Center at Stowe Mountain Resort, and MOCO (Morrisville Food Co-op), scheduled to open soon.

Many have wondered whether the increase in residential sales that we saw after the first quarter would continue. We are happy to report that they have, in Stowe and the rest of Lamoille County.