As with so many communities throughout our region, real estate sales continue to be very strong. Buyer demand is higher than ever, yet inventory is the lowest ever. Buyers stand ready to view any new homes landing in their daily inbox, but days and days may go by before there is anything new for them to look at. Today there was a total of only 19 homes on the market in Stowe, ranging in price from $490,000 to $11.9 million, with only 6 of those under $1 million. There were a few more condominium choices - 28 in total - many of which are located up at Spruce Peak Resort.
Despite the winter and holiday season affecting overall activity a little, as it typically does, Seller's are still in an enviable position when it comes to selling now. Since there are more buyers than there is inventory, it is still an unprecedented time to sell in this market. One in which the number of days on the market is the lowest, and sales prices are the highest in many cases.
We are ready, willing and able to help any seller who is thinking of selling by walking through the process, and providing an updated evaluation of your property so that you can decide whether it makes sense for you to sell in one of the strongest markets ever seen in our area. Land is also selling well now as well, as some buyers are turning their interest to building, since inventory choices are so limited.