The Stone Chimmney, a Reading, Vermont landmark.
A couple of weeks ago I looked at some statistics for sales of homes in Woodstock, Vermont after reading an article in the New York Times that said: "The median price of American homes is expected to fall this year for the first time since federal housing agencie began keeping statistics in 1950".
Let's look at sales of homes in Reading, Vermont for 2006 and compare them to this year.
In 2006 11 homes sold.
The median price was $285,000.
None sold for over $1,000,000
On average they sold for %95 of the listing price
In 2007, so far, there have been 8 homes sold.
The median price was $340,000.
2 have sold for over $1,000,000 with the top sale price being $2,500,000.
On average they have sold for %94 of the asking price.
So: a %1 drop in sold to list ratio
Number of sales slightly ahead of 2006.
A huge jump in the median price with the two million dollar plus sales.
Hence: The high end is back?
We'll check on Woodstock, Brownsville, and Quechee next.
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