Welcome to the CBCRE
As the market progresses through 2022, we are seeing a transition to a more normal and balanced market than what we have been experiencing in the past few years. The expansive growth seen in 2020 and 2021 has helped to set the stage for a new sense of value and opportunity in Stowe and the surrounding areas. There has been an increase in inventory, which historically happens at the end of Q2 and into Q3, thus allowing a return to a more stabilized market environment. This means there are excellent opportunities for both buyers and sellers to achieve their goals, a testament to the strength of our area.
There was a decrease in sales volume for single-family homes in Q2 compared to a year ago. At the same time, we saw the median sales price increase, while the average sales price decreased. This was mainly driven by fewer sales above $1 million in Q2 2022. As we move into Q3, historically one of our busiest quarters we expect these numbers to continue to refine themselves.
As we transition into a more balanced market we are returning to less of a fevered environment and one where both buyers and sellers work together to reach the common goal of a successful transaction. Our belief is that there remain opportunities for all parties in transitional markets, having the right real estate professional to help guide them through these changing markets is paramount.
Across the region, there was an increase in inventory, in Stowe and Lamoille North there was a 10% increase in new listings compared to last year. In Stowe, it was more pronounced in that there was a 28% jump in new listings. Waterbury saw a decrease in inventory, dropping by 28%.
View the stats in detail by clicking on the town name below.
Waterbury saw declines across the board in terms of number of sales, new listings, and average and median sales prices. Where the market excelled was the sales price …
Just as our local communities have seen recent growth and enhanced vibrancy, so too has the residential real estate market.
We are happy to report, that residential sales in Stowe and the rest of Lamoille County.
In the world of real estate, supply and demand is still largely the story, both nationwide and locally.
his report uses market-wide data based on transactions that closed in 2015 in the Multiple Listing Service.
In 2016 the Stowe area market generally reflects that of the broader market throughout Vermont, and much of the nation.
Stowe saw a decrease in overall sales volume compared to Q3 2021, with a 21% decrease in Q3 2022.
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.
Waterbury was the only local market to see gains in terms of the number of sales, with an increase of 5%.
Stowe saw a decrease in overall sales volume compared to Q4 2021, with a 29% decrease in Q4 2022.
In Lamoille County, an area comprising 9 towns, in addition to Stowe, there was a decrease in overall sales by 22%, which was reflected in the market as a whole.
Waterbury saw a decrease in terms of the number of sales, by 23% compared to a year ago.
If you’re looking for the largest selection of real estate available in our area, you’ve come to the right place and we’re here to help you.