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2019 Driven by Data

Posted on 9/5/2019 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. 

Labor Day has passed, and as MRVRE anticipated the market started heating back up as the temperatures start to drop and we approach the beautiful foliage season here in the Mad River Valley.

Currently there are 21 single family homes under contract or pending sale in the price range of $85,500 - $2,495,000 (up from 16 this time last month), 21 condominiums under contract or pending sale priced from $49,000 - $600,000 (up from 13 last month), 8 undeveloped land parcels under contract or pending sale from $89,000 - $2,890,000 (up from 6 this time last month), and 2 commercial properties under contract (up from 1 last month).

August 2019 was a bit slower for single family home sales with 10 sales from $282,000 - $770,000 (down from 16 sales in July). However, condo sales increased considerably with 11 condominium sales from $80,000 - $435,000 (up from 4 sales in July). There were 2 undeveloped land sales from $85,000 - $125,000 in August, which was the same number as July. There were no commercial sales in August of 2019 (1 sale in July).

We have seen some fresh inventory come on the market in both the single family home and condominium markets. There is still time and great opportunity for potential sellers of condos and single family homes, as there are clearly active buyers here looking still.

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 July 31, 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.    

 

5513 Main Street, Waitsfield, VT 05673 | 802-496-5000 | www.mrvre.com