Posted on 12/16/2020 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.
We are wrapping up what has been a record-breaking year of real estate sales in the Mad River Valley with the largest number of transactions and highest total dollar volume ever. The previous record was broken in 2019!
Both Sugarbush and Mad River Glen have opened for the season with limited terrain. A reminder that you must complete an Attestation form online to confirm that you have met guidelines prior to your arrival.
Wherever and however you are celebrating, MRVRE wishes you a happy and healthy Holiday Season.
Now onto the market update:
Currently there are 11 single family homes under contract or pending sale in the price range of $233,400 - $1,250,000 (down from 24 last month, and 26 two months ago), 8 condominiums under contract or pending sale priced from $83,500 - $219,500 (down from 22 last month, and 21 two months ago), 16 undeveloped land parcels under contract or pending sale from $25,000 - $450,000 (down from 20 last month, and 19 two months ago), and Zero commercial properties under contract (same as last month).
There were 16 single family home sales in September 2020 from $120,000 - $900,000 (down from 19 sales in August). There were 14 condominium sales from $71,000 - $527,500 (down from 16 sales in August). There were 3 undeveloped land sales in September of 2020 from $70,000 - $315,000 (down from 4 sales in August). There were no commercial sales in September (no sales in August).
Clearly the market has slowed down slightly. This is a common trend for this time of year despite the overall record number of sales in 2020. The current stock of inventory for single family homes and condominiums remains at historic lows. Low inventory and high demand mean Sellers might have more equity in their home than they’ve ever seen.
If you are a potential seller, now is the time to contact Mad River Valley Real Estate for a complimentary market analysis. Give us a call or reach out to us via email or directly via MRVRE.com. We are ready, willing, and able to answer any questions you may have.
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 September 30, 2020.
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.