Posted on 5/15/2019 by Erik H. Reisner
This blog post will be updated on a monthly basis to track year-to-date real estate sales in the Mad River Valley. The data is gathered from the State Property Tax Transfer records and includes all sales above $20,000.
April showers bring May snow showers! Not a joke, there was measureable precipitation at higher elevations earlier this week. While the weather has been unseasonable cool, the real estate market in the Mad River Valley could be described as pretty darn hot in the residential and condo markets. Luxury homes and land are still not performing as well, but our typical busy selling season doesn't kick off until about a month from now.
Currently there are 18 single family homes under contract or pending sale in the price range of $149,000 - $725,000, 16 condominiums under contract or pending sale priced from $39,850 - $1,0000,000, 5 undeveloped land parcels under contract or pending sale from $74,000 - $115,000, and zero commercial properties under contract or pending sale.
In April of 2019 there were 7 single family home sales from $255,000 - $950,000, 11 condominium sales from $77,000 - $332,000, and 4 undeveloped land sales from $50,000 - $76,000. In 2018, over 75% of sales occurred after June 1; so we are currently on pace for a strong year of sales here in the Mad River Valley.
Below are two graphs that show the total number of units sold (single family homes, condominiums, commercial properties, undeveloped land), as well as the total dollar volume through April 30, 2019.
Whether you are a potential buyer or seller, this data is a valuable resource to help you make informed real estate and financial decisions.
If you have any questions about these graphs, or anything real estate related; give Mad River Valley Real Estate a call, or send us an email.