Waterbury, VT Real Estate Report
Welcome to the Smith Macdonald Report, our examination of the 1st six months of the Waterbury, VT residential and land real estate market. This report uses market-wide data based on transactions that closed in the first six months of 2014 and compares them to closings that took place during the first six months of 2013 and to Q1 2014. Closings usually occur four-to-eight weeks after a contract is signed for that reason, the sales activity charted here reflects transactions that closed during and through the end of the 2nd Quarter, and does not include contracts signed that have not closed.
Summer is in full swing in the Waterbury-Stowe area with green stretching as far as one can see. We are quickly reminded of how wonderful summer can be in Vermont after the long winter season. Here at Coldwell Banker Carlson Real Estate we've welcomed the changing of the seasons with a change of our own, we've moved the office location to the Center Stowe Village. Our new location keeps us on Main Street, but also allows for us to invest in the Stowe area community.
Waterbury actually saw a slowdown in terms homes sold by 13%, but since it is a small market with limited options the active summer market should work to reverse this trend.
A market in transition requires expertise to navigate it properly if you are a buyer you need to be fully educated and ready to move. As a seller proper pricing and marketing remain essential, but working with an expert who can produce the best results will have the greatest impact on your bottom line. Whatever your real estate needs, Smith Macdonald Group is the market and technology leader and we encourage you to take advantage of every resource we can offer you.
Waterbury, VT Residential Sales
While the Waterbury market did decline in sales, 13%, this was only due to two fewer sales that the 1st six months of 2013. Given Waterbury's small market size, 47 active listings, and lack of inventory below $400K, well priced homes still move quickly from the market. Since the start of the summer there have been increased showings and activity within this market and a true picture of whether the market will reverse its decline will likely be determined over the next few months.
Waterbury, VT Land Sales
From a land standpoint there were only 4 sales this year compared to 1 last year. Even though there was an increase in sales the median and average pricing dropped by 28% and 33% respectively. Of most significant note the months' of supply declined from 180 to 22 months, this may have the largest impact on the land market.