June Market Stats for Montpelier, Barre, Northfield, U32

The June numbers are in for the Montpelier and Barre area real estate markets. 

Looking at this table, what catches my eye is the difference in the Closed/Active Ratio between Montpelier and U-32.  For the number of properties for sale in U-32, the number of sales were lower than I expected.  Still, you see that almost a quarter of the U-32 properties had a price change in June.  To me, that suggests that sellers continue to be motivated, and continue to be realistic about the market we’re in.

I did a quick, back of the envelope survey of the days on the market for properties that did sell.  Those that sold in June averaged 145 days on the market.  For those properties that sold in June 2009, the average days on the market was 144 days.  Sometimes the most similar numbers are the most interesting.

Aside from the numbers, here’s what I’m hearing regarding the local real estate market.  First, the Montpelier re-assessment has been big news.  Some streets got pounded on the re-assessment, and owners in those areas are going to see their tax bills go up.  Others dodged the bullet, and may not see much if any increase in the tax bill.  But everyone’s talking about it.

But no matter what town you live in, don’t go using the assessment as your market price.  I just saw a house that was re-assessed in the 180s sell in the 250s.  And it appraised in the 250s as well.  So, if someone tries to tell you that the new assessment shows the real value, you better get a second opinion.  It could go either way.

I always tell people that visiting my website will help make them experts on the local real estate scene.  To that end, I’m adding a complete listing of the June sales.  I had a good June, and sold a lot of property, but I didn’t sell all of these houses, and I don’t want to imply that I did.  I’m also not going to cherry pick and only give some of the sales.  Nope.  This is just all of the area sales.

If you want more information on any of these properties, just call or email.

As always, if you or someone you know is thinking of buying or selling property, please keep me in mind.

June 2010 Area Sales (Sorted by Town)