2025 March - Mad River Valley Real Estate Driven by Data
Posted on 3/14/2025 by Erik H. Reisner
In Brief:
March has been quite mild so far. It almost feels like spring, but don’t be fooled by “fake Spring!” It can lead to intense frustration and cursing when the temps drop again and more snow falls. But if spring is indeed here to stay, the spring skiing should be pretty darn good for a while to come. The spring real estate market really isn’t here yet. Things generally don’t pick up until at least mid-May, when the grass turns green, and leaves start to grow on the trees. Exterior real estate photography this time of year is not ideal to say the least. But we sure are looking forward to seeing some more inventory soon!
Recreation and the forecast:
With warmer temperatures and longer days, the snow is melting quickly, especially in the valley. There’s still plenty of snow pack up high at the moment, but unseasonably warm temperatures and rain are in the forecast, so get yer spring skiing in while it’s still available. It’s a telling sign when every other post on Front Porch Forum is people selling quad passes! If God forbid you have hung up your skis and boards already, don’t venture out onto the hiking and biking trails yet. It may be tempting in the lower elevations where the snow has receded, but you will do more harm to the trails than good for your body.
Now onto the market update:
Currently there are 10 single family homes under contract or pending sale in the price range of $79,900 - $1,800,000 (up from 9 last month, and down from 13 two months ago), 6 whole-ownership condominiums under contract or pending sale priced from $135,000 - $795,000 (up from 5 last month and down from 7 two months ago), 7 undeveloped land parcel under contract priced from $98,000 - $475,000 (7 last month too, and up from 3 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, 3 of the 6 condos, 3 of the 11 single family homes, and 1 of the 6 land parcels were listed after February 1, 2025. Competitively priced properties are getting noticed by the captive but active buying audience!
Based on information from PrimeMLS, Inc. for the period 1/1/2025 through 3/14/2025.
There were 5 single family home sales in February 2025 from $213,000 - $1,500,000 (5 sales in January too). There were 6 whole-ownership condominium sales from $320,000 - $595,000 (up from 3 sales in January). There were 2 undeveloped land sales from $385,000 - $695,000 in February (2 sales in January as well). There were ZERO commercial sales in February (ZERO sales in January as well).
Based on information from PrimeMLS, Inc. for the period 2/1/2025 through 2/28/2025.
Our Take on the Central Vermont Real Estate Market:
The current inventory in the Mad River Valley is down to 16 single family homes (18 this time last month), there are 12 whole-ownership condominiums (12 this time last month too), there are 14 undeveloped land parcels (15 this time last month), and 3 commercial properties (down from 4 last month). This is the lowest number of total listings in 10 months!
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.
Historical Mad River Valley Real Estate to February 28, 2025:
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 February 28, 2025.
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 1/1/2006 through 2/28/2025.
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.