Real Esate

The Market is Still Moving

10 acres Sweeney Lane, Cambridge

The Real Estate Market is still very active, and each week is a reminder of that.  The following is a weekly snapshot of market activity and transactions in our area.

Stowe saw significant increases over the past week in number of listings, sales, and pending sales. New Inventory rose to the highest number seen in months, consisting of a mixture of homes, condominiums, and some commercial properties, the average price for which, was just over $1M.  The highest residential sale transferred at $3.4M; and for pending sales it was $1.350M; so essentially back to higher priced properties in general. 
Here are the details for Stowe.

There was again a high number of new listings added in towns north of Stowe, with a wide variety of properties and prices. Properties went under contract quickly - only 38 days on average - indicating market demand is still very high. The average under contract price was higher than usual at $345k, yet, sale prices closed much lower last week at $172k, on average.
Here are the details for Lamoille North.
 
As is typical for Waterbury, there were only 2 sales over the past week, and no pending sales. There were 4 new homes added to the list of active inventory.
Here are the details for Waterbury.