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Let me just start by saying Quechee is different. It's not a town, but a huge, sprawling private club of 1,500 plus members that have required amenity and use fees that affect desirability to own there. For a family that's going to use the golf courses, ski hill, tennis courts, swimming pools, beaches, health club, etcc. it'a a GREAT deal. It's just not a normal town; ok?
2006:
-34 homes sold
-median price: $410,000
-3 sold for over $1,000,000 with the top sale being $1,300,000
-30 condos sold
-median price: $335,000
- highest price: $553,000
2007 to today:
-30 homes sold
-median price: $395,000
-None above $1,000,000 with the highest price being $970,000
-20 condos sold
-median price: $235,000
- highest price: $480,000
So. Volume is up. But the high end seems to be dragging here. In all four towns the second home market is a factor but in Quechee it's key, and it's here we find the least interest in the high end of the market. Let's ponder what that might mean.
See ya.
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