2025 January- Mad River Valley Real Estate Driven by Data
Posted on 1/14/2025 by Erik H. Reisner
In Brief:
Happy New Year! We’re off to the races for the 2025 real estate selling season. As is typical for this time of year, it is starting off a bit slow; but that is to be expected as mid-winter is not the ideal time for moving trucks to navigate the hills around the Mad River Valley. Both Sugarbush and Mad River Glen seem to be off to a good start for the season based on the full parking lots this past weekend. Martin Luther King weekend is upon us and we expect to see the Valley chock full of families coming to get their ski and ride fix. Pro tip, hit the grocery stores before the weekend or bring in some provisions as the checkout lines at Shaw’s and Mehuron’s may resemble the long lift lines!
Recreation and the forecast:
There seems to be a pretty decent base of snowpack out there, but we’re still waiting for some of those legendary “dumps” of snow to come. Send your prayers to Urrl for us (and you!). There is some snow in the forecast for MLK weekend. Maybe enough to make everything look pretty but beware of what may lurk beneath. It’s been pretty darn cold the last week or so and Sugarbush has been doing their best to make as much snow as possible. Both Ole’s and Blueberry Lake cross country ski centers are open and a great way to get outside and get your heart rate up while sliding through the picturesque terrain both areas offer. If you’re warry of the crowds, maybe try snowshoeing on part of the Mad River Path or Catamount Trail. If you don’t have the gear, our friends down at Clearwater Sports can hook you up!
Now onto the market update:
Currently there are 13 single family homes under contract or pending sale in the price range of $79,900 - $1,800,000 (up from 6 last month, and 8 two months ago), 7 whole-ownership condominiums under contract or pending sale priced from $210,000 - $1,295,000 (up from 6 last month and down from 11 two months ago), 3 undeveloped land parcel under contract priced from $132,000 - $385,000 (down from 4 last month, and up from 2 two months ago), and ZERO commercial properties under contract (ZERO last month, and ZERO two months ago).
Regarding the properties that are currently under contract, 2 of the 7 condos and 2 of the 13 single family homes were listed after December 1, 2024. Compared to previous months, things seem to be lingering a bit longer on the market, which is not uncommon for this time of year.
Based on information from PrimeMLS, Inc. for the period 1/1/2024 through 12/31/2024.
There was 1 single family home sale in December 2024 for $765,000 (down from 4 sales in November). There were 8 whole-ownership condominium sales from $175,000 - $925,000 (8 sales in November too). There was 1 undeveloped land sale in December (Zero sales in November). There were ZERO commercial sales in November (ZERO sales in October as well).
Based on information from PrimeMLS, Inc. for the period 11/1/2024 through 12/31/2024.
Our Take on the Central Vermont Real Estate Market:
The current inventory in the Mad River Valley is down to 21 single family homes (26 this time last month), there are 7 whole-ownership condominiums (down from 9 this time last month), there are 17 undeveloped land parcels (19 this time last month), and 5 commercial properties (down from 6 last month). So, overall inventory is down. Historically we do not see a lot of new listings come on during the winter months, but likely a few here or there in each category.
Based on information from PrimeMLS, Inc. for the period 1/1/2025 through 1/14/2025.
Are you in the market for a property here in the Mad River Valley and beyond? If so, the partners at MRVRE have more than 80 years of combined experience in helping buyers and sellers navigate the local real estate market, Call, email, or text now so that we can learn about your property search and help you stay informed.
Have you been on the fence wondering when the best time might be to sell your Vermont property? Allow us to provide you with a complimentary market analysis to see if it makes sense for you. No pressure!
If you are a potential buyer, make sure you are tracking activity, or better yet contact us at (802) 496-5000 or info@mrvre.com and we can help you do that! Also make sure your finances are in order so that you can be poised to make a competitive offer, with or without financing. We can also help you find the right lender if needed. Check out our Lender Resources Page: (https://www.mrvre.com/area-resources/lending)
Historical Mad River Valley Real Estate to December 31, 2024:
Below are two graphs that show the total number of units sold (single family homes, condominiums, commercial properties, undeveloped land), as well as the total dollar volume through December 31, 2024.
This blog post will be updated monthly to track year-to-date real estate sales in the Mad River Valley. The data is gathered from the State of Vermont Property Tax Transfer records and includes all sales above $20,000.
Based on information from PrimeMLS, Inc. for the period 1/1/2024 through 12/31/2024.
Whether you are a potential buyer or seller, this data is a valuable resource to help you make informed real estate and financial decisions. If you have any questions, real estate related or otherwise, give Mad River Valley Real Estate a call or send us an email.