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Home Prices on the rise

Thu, 16 May 2013 14:30:56 -0400

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.

Year-End 2012 Newsletter

Thu, 08 Mar 2012 13:35:54 -0500

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

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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

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Thank you and look for our first quarter newsletter coming out in early April

Sun, 07 Aug 2011 11:39:35 -0400

2011 YEAR END NEWSLETTER

We have just completed another year and the good news is that it was improved over the previous 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 broken out the data by 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 22 residential homes on the market in Killington. The asking prices range from $179,900 to $1,495,000

There was 7 houses sold from Jan 1, 2011 to Dec 31, 2011 ranging in closing cost from $149,000 to $530,000

Killington Homes sales statistics for 2010

Only one house sold in 2010 for $149,000.

Killington Condominiums statistics

Currently there are 114 condominium units on the market ranging in asking price from $39,500 to $650,000

There was 53 units sold in 2011 ranging in closing prices from $8,000 for a comfort inn unit to $650,000 for a topridge unit.

Killington Condominiums sales statistics for 2010

Condominium sales in 2010 were 27 with closing prices ranging from $10,000 for a Mountain Green unit to $650,000 for a Topridge unit

Killington Land statistics

Currently there are 19 pieces of land on the market ranging in price from $15,000 to $399,900 and the lot sizes are from 0.8 acres to 27.5 acres.

Four (4) pieces of land sold in 2011 with a selling price range of $35,000 to $240,000 and ranging in size from 1.84 acres to 44 acres.

Killington Land sales statistics for 2010

There were 4 sales in 2010 with selling prices from $10,000 to $137,000 and the lot sizes are from 0.9 acres to 10.49 acres.

As you can see Killington statistics have improved.

Bridgewater and Plymouth

Bridgewater and Plymouth homes statistics

There are 25 homes currently on the market ranging in price from $39,500 to $4,500,000.

Seven (7) houses sold in 2011 with closing costs of $57,199 to $625,000

Bridgewater and Plymouth homes sales statistics for 2010

Interesting that 14 homes sold in 2010 ranging in closing costs from $105,000 to $625,000.

We suspect that Tropical storm Irene probably played and important part in these statistics

Bridgewater and Plymouth Condominium statistics

Currently there are 10 units on the market with asking price ranging from $19,000 to $ 275,000

Only two (2) condominiums sold in 2011 selling price range was $150,000 to $270,000

Bridgewater and Plymouth homes sales statistics for 2010

In 2010 three (3) condominiums sold with selling prices ranging from $19,900 to $325,000

Bridgewater and Plymouth Land statistics

There are currently 17 pieces of land on the market ranging in price from $20,000 to $295,000 and in size from 0.97 acres to 79.3 acres

There were three sales in 2011 with selling prices from $5,000 to $350,000 and the size of the lots were 1.84 acres to 289 acres.

Bridgewater and Plymouth Land sales statistics for 2010

There were 2 land sales in 2010 ranging in price from $57,500 to $87,500 and in size from 2.05 acres to 102 acres.

Now on to Pittsfield and Stockbridge

Pittsfield and Stockbridge

Pittsfield and Stockbridge home statistics

Currently there are 28 homes on the market in these areas ranging in price from $56,000 to $439,000.

There were 11 sales in 2011 with a range of selling prices from $90,000 to $400,000.

Pittsfield and Stockbridge home statistics for 2010

2010 recorded 9 home sales from $95,000 to $250,000

Pittsfield and Stockbridge Condominium statistics

There are three condominiums currently on the market ranging in price from $59,900 to $69,500

There was one (1) condominium sale in 2011 with a selling price of $52,500

Pittsfield and Stockbridge Condominium statistics for 2010

There wer no sales in 2010

Pittsfield and Stockbridge Land statistics

Currently there are 19 pieces of land on the market. The prices range from $19,900 to $239,000 and in size from 1.02 acres to 79 acres

There were 6 sales in 2011 with closing prices from $36,000 to $65,000 and in size from 1 acre to 10.8 acres

Pittsfield and Stockbridge Land sales statistics in 2010

There were 2 land sales in 2010 with selling prices from $10,000 to $17,000 and from 0.9 acres to 1.5 acres