This posting comes from the Real Estate Mortgage Network as a Market Update
QUOTE OF THE WEEK... "Saints are sinners who kept on going" --Robert Louis Stevenson, Scottish novelist, poet, and essayist
INFO THAT HITS US WHERE WE LIVE... Home prices also keep on going, and in a decidedly upward direction. The National Association of Realtors (NAR) reported that for Q1 of this year, the median existing home price jumped 11.3% over last year, the largest annual gain since Q4 of 2005. But Q1 inventory was down 16.8%. The NAR's chief economist expounded: "Inventory conditions are expected to remain fairly constrained this year, so overall price increases should be well above the historic gain of one-to-two percentage points above the rate of inflation."
A leading research analytics firm reported that home prices in March jumped 10.5% year over year, posting their biggest annual gain in seven years. Plus, the 1.9% price increase over February was the 13th monthly gain in a row. These analysts expect April to register a 12% annual and a 2.7% monthly price hike, if you exclude distressed sales. Finally, Fannie Mae reported a milestone in consumer optimism about home prices: the majority of Americans they surveyed now expect home prices to increase over the next year.
Here in the Killington area we haven't seen a dramatic upswing. We have seen more realistic listing prices and the actual purchase prices are closer to the asking prices than they have been.
2012 YEAR END NEWSLETTER
Another year completed and the industry has had a very good year with sales up from the previous year and the media is using positive comments and that helps .. Again as last year there were more visitors, more people looking at Real estate for sale and for rent. We are much encouraged by this and look forward to the continuance of this situation
We have organized the data by geographic area so that you can view the results in all areas or only the area of your interest
Killington
Killington Homes statistics
Currently there are 48 residential homes on the market in Killington up from 22 last year. The asking prices range from $179,900 to $1,873,000
There was 28 houses sold from Jan 1, 2012 to Dec 31, 2012 ranging in closing cost from $80,000 to $1,600,000. What is obvious is that priced right your home will sell.
Killington Homes sales statistics for 2012
There was 1 sale in 2011 compared with the 28 sales in 2012. Now is the time to list your home. Call us for a free market analysis. As mantioned earlier the market is improving
Killington Condominiums statistics
Currently there are 114 condominium units on the market ranging in asking price from $38,900 to $798,000
Killington Condominiums sales statistics for 2012
There was 58 units sold in 2012 ranging in closing prices from $31,000 for a Mountain Green unit to $665,000 for a Topridge unit.
Killington Land statistics
Currently there are 30 pieces of land on the market ranging in price from $19,999 to $984,000 and the lot sizes are from 1.8 acres to 821.1 acres.
Killington Land sales statistics for 2012
Six (6) pieces of land sold in 2012 with a selling price range of $14,500 to $180,000 and ranging in size from 0.5 acres to 250.8 acres..
As you can see Killington statistics have improved.
Bridgewater and Plymouth
Bridgewater and Plymouth homes statistics
There are 55 homes currently on the market ranging in price from $31,500 to $4,000,000.
Bridgewater and Plymouth homes sales statistics for 2012
Fifteen (15) houses sold in 2012 with closing prices of $42,500 to $481,000
Bridgewater and Plymouth Condominium statistics
Currently there are 13 units on the market with asking price ranging from $10,000 to $379,000
Bridgewater and Plymouth Condominium sales statistics for 2012
Only three (3) condominiums sold in 2012 selling price range was $126,000 to $400,000
Bridgewater and Plymouth Land statistics
There are currently 18 pieces of land on the market ranging in price from $9,,000 to $200,000 and in size from 0.62 acres to 15 acres
Bridgewater and Plymouth Land sales statistics for 2012
There were 7 land sales in 2012ranging in price from $5,000 to $350,000 and in size from 1.84 acres to 289 acres.
Now on to Pittsfield and Stockbridge
Pittsfield and Stockbridge
Pittsfield and Stockbridge home statistics
Currently there are 24 homes on the market in these areas ranging in price from $70,000 to $639,000.
Pittsfield and Stockbridge home statistics for 2012
There were 11 sales in 2011 with a range of selling prices from $90,000 to $400,000.
Pittsfield and Stockbridge Condominium statistics
There are still three condominiums currently on the market ranging in price from $52,000 to $65,000
Pittsfield and Stockbridge Condominium statistics for 2012
There wer no sales in 2012
Pittsfield and Stockbridge Land statistics
Currently there are 13 pieces of land on the market. The prices range from $13,250 to $225,000 and in size from 0.9 acres to 79 acres
Pittsfield and Stockbridge Land sales statistics in 2012
There was one(1) land sale in 2012 with a sold price of $105,000 for 19.3 acres
Mendon and Chittenden
Mendon and Chittenden home statistics
There are 38 homes currently on the market ranging in price from $99,500 to $749,000.
Mendon and Chittenden home statistics for 2010
There were 22 sales in 2012 with closing prices from $190,000 to 6125,500
Mendon and Chittenden Condominium statistics
Currently there are 8 condominiums on the market at this time. The asking prices range from $65,000 to $139,900
There were 3 sales in 2011 with selling prices of $102,000 to $145,000.
Mendon and Chittenden Condominium sale statistics for 2012
There were three sales in 2012 with closing prices from $
Mendon and Chittenden Land statistics
There are 10 pieces of land currently on the market ranging in price from $52,000 to $550,000 and in size from 1.3 acres to 34.83 acres
There was only one sale and it sold for $70,000 and it was 13.69 acres.
Mendon and Chittenden Land statistics for 2010
Three pieces of land sold in 2010 with prices from $60,000 to $115,000 and in size from 5 acres to 24.8 acres
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
When Performance Counts, Count on us for all your Real Estate needs
We welcome your feedback please contact us with your comments
Thank you and look for our first quarter newsletter coming out in early April