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2019 Driven by Data

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.

It’s hot outside, and so is the market in the residential and condo arenas! Luxury homes, undeveloped land, and commercial sales are still lagging behind. However, in the active segment of the market we are seeing limited inventory and active buyers. Multiple offers are fairly common if the property is priced well.

Currently there are 19 single family homes under contract or pending sale in the price range of $160,000 - $799,000, 14 condominiums under contract or pending sale priced from $49,000 - $600,000, 3 undeveloped land parcels under contract or pending sale from $25,000 - $109,000, and zero commercial properties under contract or pending sale.

In May of 2019 there were 8 single family home sales from $25,000 - $420,000, 9 condominium sales from $70,000 - $1,000,000, and 2 undeveloped land sales from $72,000 - $100,000.  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 May 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