Mid-Year Market Report - Vermont Real Estate

Flowering Crab Apple Tree in Landgrove, VT

Here is a mid-year report on today’s south/south-central Vermont real estate market . . .

It’s a great time to buy! Especially for locals, first-time home-buyers and buyers looking for investment properties.

There has been a significant increase in the number of houses listed under $250,000.  My reports in October 2010 and January 2011 showed 24% and 23% of the listings in that price range, while this most recent report shows fully 35% of our listings are priced under $250,000.

As of today (June 1, 2011), there are approximately 646 residential properties on the market within a 15+/-mile radius of Weston, Vermont (our home base). This number does not include condominiums.    

• 225 (35%) are priced between $69,000 and $250,000
• 238 (37%) are priced between $250,001 and $500,000
• 129 (20%) are priced between $500,001 and $1 million, and
• 54 (8%) are priced over $1 million.

There are currently 46 properties under contract, pending sale.  Of the properties under contract, exactly one-half are priced under $250,000 and one-half of the total is priced over $250,001. 

In the same 15-mile radius, 96 properties have been transferred (closed) since January 1, 2011 and 281 have transferred in the past 12 months.  Of the closings in the past 12 months

• 26 properties (9%) sold for less than $100,000
• 155 properties (55%) sold for between $100,000 and $300,000
• 59 properties (21%) sold for between $300,001 and $500,000
• 25 properties (9%) sold for between $500,001 and $1 million
• 17 properties (6%) sold for more than $1 million

The Mary Mitchell Miller Real Estate website (www.mmmrealestate.com) features information on all properties for sale in south-central Vermont.  Our default search includes the towns of Andover, Chester, Dorset, Jamaica, Landgrove, Londonderry, Ludlow, Manchester, Mount Holly, Peru, Stratton, Weston, Windham and Winhall.  Use the Advanced Search feature to search for properties throughout Vermont.