Q4 2015 Market Data
Q4 2015 Market Data
Prepared by Zoé Bedell – 1/14/16
Q4 2015 Market Data The real estate market ended on a high note in 2015, with increases in Closed Sales ranging anywhere from 1.9% to 4.5% per month as compared to 2014. Median Sales Prices fluctuated between -5% and +4% over the quarter, while inventory of homes continued to be low, with decreases of between -10.7% to 12.8% versus the same quarter of 2014. This mixture of positive and negative trending worked in favors of both buyers and sellers, depending on region. Expectations for 2016 remain positive, with the increase in interest rates expected to take a very conservative path, and anticipation of continued low rates of unemployment.
Stowe During the last quarter of 2015 the Stowe real estate market favored buyers, with New listings on the rise, while Median Sales Price, and Average Sale Price declined.
OCT
NOV
DEC
New Listings
3
7
12
Pending Sales
6
4
8
Closed Sales
5
4
9
Median Sales Price
$500,000
$240,000
$360,000
Average Sales Price
$438,270
$317,750
$407,333
Percentage of OLP Received
91.8%
89.1%
85.5%
DOM Before Sale
184
143
198
Market Inventory
96
95
88
Months of Inventory
17.2
17.8
16
Q4 Trending
Sellers
Stowe
Buyers
Buyers continued to pay a smaller percentage of Original List Prices (OLP) as sellers contended with property with Days On Market (DOM) since summer.
C C C C C
C C
Lamoille County The last quarter of 2015 favored those with properties to sell across Lamoille County.
OCT
NOV
DEC
New Listings
37
28
23
Pending Sales
22
19
24
Closed Sales
24
16
26
Median Sales Price
$182,500
$190,250
$256,000
Average Sales Price
$230,806
$227,906
$288,769
Percentage of OLP Received
89.8%
90.4%
93.3%
DOM Befor Sale
171
113
105
Market Inventory
383
363
322
Months of Inventory
17.6
16.4
13.9
Q4 Trending
C
Sellers
Lamoille County
Buyers
Overall listings declined over the quarter, while both Sale Price and percentage of Original List Price increased. Less inventory in play continued to favor Sellers in the last quarter of the year.
C C C C C C
Washington County The last quarter of 2015 favored Buyers and Sellers in general in Washington County.
OCT
NOV
DEC
New Listings
56
34
30
Pending Sales
53
48
34
Closed Sales
60
42
42
Median Sales Price
$220,000
$196,000
$212,500
Average Sales Price
$260,329
$213,385
$233,988
Percentage of OLP Received
93.0%
92.4%
90.6%
DOM Befor Sale
108
128
122
Market Inventory
587
513
458
Months of Inventory
12.9
11.3
9.9
Q4 Trending
C C C C
Sellers
Washington County
Buyers
Sellers enjoyed lower competition as inventory declined over the quarter, while Buyers paid lower Sales Prices and a smaller percentage od the Original List Price for properties.
C
C C
Prepared by Zoé Bedell – 1/14/16
Q4 2015 Market Data The real estate market ended on a high note in 2015, with increases in Closed Sales ranging anywhere from 1.9% to 4.5% per month as compared to 2014. Median Sales Prices fluctuated between -5% and +4% over the quarter, while inventory of homes continued to be low, with decreases of between -10.7% to 12.8% versus the same quarter of 2014. This mixture of positive and negative trending worked in favors of both buyers and sellers, depending on region. Expectations for 2016 remain positive, with the increase in interest rates expected to take a very conservative path, and anticipation of continued low rates of unemployment.
Stowe During the last quarter of 2015 the Stowe real estate market favored buyers, with New listings on the rise, while Median Sales Price, and Average Sale Price declined.
OCT
NOV
DEC
New Listings
3
7
12
Pending Sales
6
4
8
Closed Sales
5
4
9
Median Sales Price
$500,000
$240,000
$360,000
Average Sales Price
$438,270
$317,750
$407,333
Percentage of OLP Received
91.8%
89.1%
85.5%
DOM Before Sale
184
143
198
Market Inventory
96
95
88
Months of Inventory
17.2
17.8
16
Q4 Trending
Sellers
Stowe
Buyers
Buyers continued to pay a smaller percentage of Original List Prices (OLP) as sellers contended with property with Days On Market (DOM) since summer.
C C C C C
C C
Lamoille County The last quarter of 2015 favored those with properties to sell across Lamoille County.
OCT
NOV
DEC
New Listings
37
28
23
Pending Sales
22
19
24
Closed Sales
24
16
26
Median Sales Price
$182,500
$190,250
$256,000
Average Sales Price
$230,806
$227,906
$288,769
Percentage of OLP Received
89.8%
90.4%
93.3%
DOM Befor Sale
171
113
105
Market Inventory
383
363
322
Months of Inventory
17.6
16.4
13.9
Q4 Trending
C
Sellers
Lamoille County
Buyers
Overall listings declined over the quarter, while both Sale Price and percentage of Original List Price increased. Less inventory in play continued to favor Sellers in the last quarter of the year.
C C C C C C
Washington County The last quarter of 2015 favored Buyers and Sellers in general in Washington County.
OCT
NOV
DEC
New Listings
56
34
30
Pending Sales
53
48
34
Closed Sales
60
42
42
Median Sales Price
$220,000
$196,000
$212,500
Average Sales Price
$260,329
$213,385
$233,988
Percentage of OLP Received
93.0%
92.4%
90.6%
DOM Befor Sale
108
128
122
Market Inventory
587
513
458
Months of Inventory
12.9
11.3
9.9
Q4 Trending
C C C C
Sellers
Washington County
Buyers
Sellers enjoyed lower competition as inventory declined over the quarter, while Buyers paid lower Sales Prices and a smaller percentage od the Original List Price for properties.
C
C C
