A snapshot of today’s south/south-central Vermont real estate market . . .
As of today (October 16, 2010), there are 619 residential properties on the market within a 20-mile radius of Weston, Vermont (our home base). This number does not include condominiums. They range in size and price from a tiny seasonal camp on 1.8+/- acres in Windham to a palatial country estate on 24 acres in Dorset listed for $5.8 million.
• 147 (24%) are priced between $69,000 and $250,000
• 240 (39%) are priced between $250,001 and $500,000
• 164 (26%) are priced between $500,001 and $1 million, and
• 67 (11%) are priced over $1 million.
Of the properties listed for sale in the 20-mile radius around Weston, the are located as follow: 20 in Andover, 44 in Chester, 81 in Dorset, 24 in Grafton, 18 in Jamaica, 8 in Landgrove, 62 in Londonderry, 80 in Ludlow, 97 in Manchester, 49 in Mount Holly, 16 in Peru, 24 in Weston, 24 in Windham, and 72 in Winhall.
Remember, these numbers do not include condos; there are currently 275 condominiums on the market ranging in price from $19,000 for a 300-square foot one-bedroom unit at the Hawk Resort in Plymouth to 4000-square foot 4BR/5BA Mountain Reach unit at Stratton listed for $2.2 million.
In the past 12 months, 239 properties have been sold. The sales range from a very rough, unfinished house in foreclosure on 0.3 acres sold for $19,000, to a large country village contemporary on 239 acres in Weston that sold for $2.375 million.
• 29 properties (12%) sold for less than $100,000
• 109 properties (46%) sold for between $100,000 and $300,000
• 52 properties (22%) sold for between $300,001 and $500,000
• 36 properties (15%) sold for between $500,001 and $1 million
• 13 properties (5%) sold for more than $1 million
Interestingly, these figures show that 58% of area sales in the last 12 months were for less than $300,000.
