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2024 June - Mad River Valley Real Estate Driven by Data

Posted on 6/15/2024 by Erik H. Reisner

In Brief:

The official start of summer is a week away, but it feels like it has arrived early this year. We’re experiencing a stretch of wonderful weather, although an early heat wave is expected this coming week. Overall, real estate inventory continues to be at historic low levels. However, we are seeing more homes and a few condos coming to market, and the number of market analysis requests has jumped significantly for Mad River Valley Real Estate in the past few weeks. A sign that there is the likelihood of more inventory coming to market as we get into the prime selling season in the Mad River Valley, and throughout the state. 

Recreation and the forecast:

This stretch of great weather should encourage you to get out there and enjoy all of the summer activities the Valle has to offer. Although the water is still pretty cold, the air temperatures are rising, the hiking and biking trails are open and in great shape, and the Sugarbush Golf Course is in prime shape, and a true mountain-course experience. As predicted, the first heat wave of the summer is almost upon us. So, if you’re out and about, stay hydrated and wear sunscreen! Will the real estate market continue to heat up concurrently? We shall see!

Now onto the market update:

Currently there are 9 single family homes under contract or pending sale in the price range of $79,900 - $2,500,000 (up from 6 last month, and same as 9 two months ago), 7 whole-ownership condominiums under contract or pending sale priced from $169,000 - $1,169,000 (down from 11 last month and 10 two months ago), 3 undeveloped land parcels under contract priced from $75,000 -$225,000 (down from 4 last month, and 4 two months ago), and ZERO commercial properties under contract (ZERO last month, and ZERO two months ago).

Regarding the properties that are currently under contract, 5 of the 9 condos and 3 of the 9 single family homes were listed after May 1, 2024. Overall, properly priced inventory is continuing to sell at a rapid pace.

There were 2 single family home sales in May 2024 from $1,075,000 - $1,150,000 (down from 6 sales in April). There were 6 whole-ownership condominium sales from $328,000 - $760,000 (6 sales in April as well). There were 3 undeveloped land sales in May from $145,000 - $350,000 (up from 2 sales in April). There were ZERO commercial sales in May (ZERO sales in April as well).

Our Take on the Central Vermont Real Estate Market:

Are you in the market for a property here in the Mad River Valley and beyond? If so, the pros at MRVRE are here to help you stay informed with our fingers on the pulse of the real estate market. We hope to see more inventory as summer approaches. But don’t wait to contact us! Call, email, or text now so that we can learn about your property search and help you stay informed.

The current inventory in the Mad River Valley is up to 12 single family homes (8 this time last month), whole-ownership condominiums are up to 8 (6 this time last month), there are 12 undeveloped land parcels (14 this time last month), and 5 commercial properties (4 last month as well). Overall, a slight rise in inventory, and we should see more as we get into July.

Have you been on the fence wondering when the best time might be to sell your Vermont property?  That time has come my friend! Reach out to us and we’ll help you get a premium price for your property.

If you are a potential buyer, make sure you are tracking activity, or better yet contact us at (802) 496-5000 or and we can help you do that! Also make sure your finances are in order so that you can be poised to make a competitive offer, with or without financing. We can also help you find the right lender if needed. Check out our lender resources page: 

Historical Mad River Valley Real Estate to May 31, 2024:

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, 2024. 

This blog post will be updated monthly to track year-to-date real estate sales in the Mad River Valley. The data is gathered from the State of Vermont Property Tax Transfer records and includes all sales above $20,000. 

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 |