Great area for full time residents seeking affordable housing. It is located about 10 minutes north of Stowe and has a strong school system. Morrisville's population is 5,139 according to the 2000 census and has 51.35 square miles of land. All information below is based on MLS data.
RESIDENTIAL MARKET - 4th Quarter - 2008
ACTIVE: As of 1/1/09 there are 53 active residential listings. The average list price is $333,057 and the median list price is $250,000. The average DOM is 192 and median DOM is 164. There is 1 home under contract.
SOLD: Between 10/1/08 and 12/31/2008 there have been 10 residential properties sold. The average list price was $309,900 and the average sale price was $295,365. The median list price was $229,500 and the median sale price was $230,000. The average DOM was 124 and the median DOM was 96. The average price per finished square foot above grade sold: $153.
CONDO/TOWNHOME MARKET - 4th Quarter 2008
ACTIVE: As of 1/1/09 there are 5 active listings. The average list price is $209,680. The median list price is $229,000. The average DOM is 183 and the median DOM is 170.
CLOSED: Between 10/1/08 and12/31/08 there were no condos sold.
LOTS/LAND MARKET - 4th Quarter - 2008
ACTIVE: As of 1/1/09 there are 47 properties on the market. The average list price is $219,017 and the median list price is $130,000. Average DOM is 433 and the median DOM is 296. There are no lots under contract.
CLOSED: Between 10/1/2008 and 12/31/2008 there were no lots sold.
2008 YEAR END REPORT - Morristown
RESIDENTIAL MARKET - Year 2008
ACTIVE: As of 1/1/09 there are 53 homes on the market. The Average List Price is $333,057 and the Median List Price is $250,000. The Average DOM is 192 and the Median DOM is 164. There is 1 home under contract.
CLOSED: Between 1/1/08 and 12/31/08 38 homes sold. The Average List Price was $253,095 and the Average Sale Price was $239,267. The Median List Price was $214,500 and Median Sale Price was $218,000. The Average DOM was 135 and the Median DOM was 97. The Average Price Per Square Foot above grade: $130.
CONDO MARKET - Year 2008
ACTIVE: As of 1/1/09 there are 5 condos on the market. The Average List price is $333,057 and the Median List Price is $250,000. The Average DOM is 192 and the Median DOM is 164.
CLOSED: Between 1/1/08 and 12/31/08, 2 condo sold. The Average and Median List Price was $244,950 and the Average and Median Sale Price was $235,000. The Average and Median DOM was 444. The Average Price per Square Foot above grade: $168.
LAND MARKET - Year 2008
ACTIVE: As of 1/1/09, there are 47 lots on the market. The Average List Price is $219,017 and the Median List Price is $130,000. The Average DOM is 433 and the Median DOM is 296.
CLOSED: Between 1/1/08 and 12/31/08 there were 9 lots sold. The Average List Price was $110,578 and the Average Sale Price was $97,555. The Median List Price was $89,900 and the Median Sale Price was $85,000. The Average DOM was 313 and the Median DOM was 295. The Average Price Per Acre Sold: $17,970.
2007 YEAR END REPORT - Morristown
RESIDENTIAL MARKET: Year 2007
ACTIVE: As of 1/1/2008 there are 49 active residential listings. The average list price is $317,180 and the median list price is $259,000. The average DOM is 185 and median DOM is 146.
CLOSED: Between 1/1/2007 and 12/31/2007 there were 32 homes sold. The average list price was $223,625 and average sale price was $213,055. The median list price was $206,850 and the median sale price was $198,500. The average DOM was 107 and the median DOM was 60. The average price per finished square foot above grade was $130.
CONDO MARKET - Year 2007
ACTIVE: As of 1/1/2008 there 4 active listings. The average list price is $253,725. The median list price is $257,000. The average DOM is 291 and the median DOM is 316.
CLOSED: Between 1/1/2007 and 12/31/2007 there were 3 condos sold. The average list price was $242,000 and the average sale price was $229,167. The median list price was $259,000 and the median sale price was 235,000. The average DOM was 172 and the median DOM was 202. The average price per finished square foot above grade was $160.
LAND MARKET - Year 2007
ACTIVE: As of 1/1/2008 there are 34 properties on the market. The average list price is $282,624 and the median list price is $156,250. Average DOM is 295 and the median DOM is 193. The average price per acre is $24,700.
CLOSED: Between 1/1/2007 and 12/31/2007 there were 3 lots sold. The average list price was $111,667 and the average sale price was $87,000. The median list price was $110,000 and the median sale price was $90,000. The average DOM was 238 and the median DOM was 336. The average price per acre sold was $21,786.
2006 YEAR END REPORT - Morristown:
RESIDENTIAL MARKET - Year 2006
ACTIVE: As of 1/1/07 there are 36 active residential listings. The average list price is $330,408 and the median list price is $286,000. The average days on mreket is 167.
SOLD: Between 1/1/06 and 12/31/06, there have been 51 residential properties sold. The average list price was $259,637 and the average sale price was $244,885. The median list price was $215,000 and the median sale price was $207,895. The average days on market was 132. The average price per square foot sold: $135.
CONDO/TOWNHOME MARKET - Year 2006
ACTIVE: As of 1/1/07 there are 6 active listings. The average list price is $229,150 and mean list price is $241,950. The average days of market is 110.
CLOSED: Between 1/1/06 and 12/31/06 there were 5 properties sold. The average list price was $231,800 and the average sale price was $224,830. The median list price was $275,000 and the median sale price was $266,250. The average days on the market was 57. The average price per square foot sold: $158.
LOTS/LAND MARKET - Year 2006
ACTIVE: As of 1/1/07 there are 37properties on the market. The average list price is $292,032 and the median list price is $155,000. Average days on market is 177
CLOSED: Between 1/1/06 and 12/31/06 there were 8 properties sold. The average list price was $297,812 and the average sale price was $250,313. The median list price was $139,250 and the median sale price was $137,250. The average days on was 252.
2005 YEAR END REPORT - Morristown:
RESIDENTIAL MARKET - Year 2005
ACTIVE: As of 1/1/06 there are 30 active residential listings. The average list price is $380,257 and the median list price is $245,000. The average days on mreket is 142.
SOLD: Between 1/1/05 and 12/31/05, there have been 69 residential properties sold. The average list price was 231,544 and the average sale price was $224,200. The median list price was $199,900 and the median sale price was $199,900. The average days on market was 160.
CONDO/TOWNHOME MARKET - Year 2005
ACTIVE: As of 1/1/06 there are 2 active listings. The average list price is $285,000 and mean list price is $282,000. The average days of market is 24.
CLOSED: Between 1/1/05 and 12/31/05 there were 10 properties sold. The average list price was $179,540 and the average sale price was $177,590. The median list price was $172,000 and the median sale price was $172,500. The average days on the market was 150.
LOTS/LAND MARKET - Year 2005
ACTIVE: As of 1/1/06 there are 20 properties on the market. The average list price is $268,325 and the median list price is $212,500. Average days on market is 170
CLOSED: Between 1/1/05 and 12/31/05 there were 6 properties sold. The average list price was $97,113 and the average sale price was $91,313. The median list price was $93,750 and the median sale price was $86,000. The average days on the market was 287.
ZIP Code: 05661 Location Characteristics: Nice town located north of Stowe. Strong community with primary residents. Morristown has two "large" grocery stores and is home to Copley Hospital.
About Teresa Merelman, RealtorŪ:
I have been a licensed RealtorŪ in Stowe, Vermont since 1998. I believe in service with integrity and professionalism. My family and I have lived in Stowe since 1987. I am a mother of two boys and feel that the Stowe area is a great place to live and/or invest in.
I believe it is important in my profession to keep up with education and to be involved with my local community. Throughout the past years, I have obtained the following desigations: ABR (Accredited Buyer Representative), CBR (Certified Buyer Representative), e-PRO (Interet Professional) and CRS (Certified Residential Specialist). In 2004, 2006 and 2007 I was honored to be selected RealtorŪ of the Year for the Lamoille Area Board of RealtorsŪ. 2007 also honored me with Vermont RealtorŪ of the Year. In 2005 I was priviledged to serve as President of my local board. 2006 kept me busy as a member of the Board of Directors for the Vermont Association of RealtorsŪ. In 2007 I finally obtained my Broker's License! I just completed the Accredited Home-Staging Specialist class to better prepare Sellers with their property for a shorter period of time on the market and a higher return.
Please feel free to contact me at: Stowe Realty Office (802) 253-8484 Toll (800) 639-1812 Cell (802) 793-5171 Teresa@StoweUSA.com www.StoweUSA.com
I'd be happy to help with your real estate needs!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
