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STOWE AREA REAL ESTATE MARKET REPORT - 3RD QUARTER 2016

Market Report

The Real Estate Market Report for the 3rd quarter of 2016 is now available! No matter what time of year it is, the most commonly asked question, is “how is the real estate market?”. We are happy to report, that residential sales in Stowe and the rest of Lamoille County are up again, for Q3, as compared with Q3 2015. In Stowe, the increase was as much as 31%.

The increase in the number of residential sales in Stowe, for this period, brings it close to the level of 2014, which was high, for the last 10 years. There were 2 outstanding sales over the past few months, one of which represented a historical benchmark. The Estate at Strawberry Hill, which was both listed and sold by our office, closed September 12, for $6,700,000. This sale represented the highest priced recorded sale in Stowe; and the 2^nd highest in the state, within the past 10 years.