Blog :: 11-2020

Is it Still a Seller's Market?

133 Gilcrist Road, Stowe Vt

 

The answer is "yes".  As we transition to the late fall and winter season, some have asked us if the real estate market is still active.  We've seen one of the strongest markets ever over the summer and fall, and that continues today as a result of strong buyer demand, and an all time low level of inventory.  There are only 27 homes in Stowe that are on the market currently.  That coupled with many active buyers in the marketplace still looking for either a primary or second home has caused  properties to go under contract extremely quickly - in some cases in only 1 day.  Multiple offers have been common, pushing sale prices up further.  Demand for homes and condominiums takes place in all price ranges.  Even the previously lagging luxury market has been met with a high level of interest, and it has now become more common to see these properties selling in the multi-million dollar price range.  Our team just recently listed the above pictured home along with 54 acres which sold for $6,100M. 

Land and building lots have become more popular too, as the number of residential listings keeps shrinking.  Consumers would still prefer to purchase an existing home, but land provides a nice opportunity to build a dream home from scratch.  There are so many talented architechts, designers and builders with whom we have strong relationships, thereby taking the worry out of this process to build a new home.

Overall, more and more people are choosing Stowe and the surrounding area as a place to call home.  And, with that comes the need for new listings to meet this demand.  If you or anyone you know is thinking of selling, we welcome the opportunity to speak with you about the value of your home, and the process.  We have one of the strongest track records of successfully listing and selling homes for our clients, so we can guide you to help you meet your goals and provide the best outcome.