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Real Estate Agent
Teresa DeLuca Merelman
Pall Spera Company services the Lamoille & Washington County areas of Vermont. We handle sales. Primary towns include Stowe, Waterbury, Morristown, Hyde Park, Johnson & Elmore. Licensed 1998.
Cell: (802) 793-5171
Office: (802) 760-3141
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Cell: (617) 803-7222
Office: (603) 673-9797
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Lamoille County, VT Real Estate News

By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area Condo Sales Market Report - Comparison between 2024 to 2023 SalesOverall, condo sales were up, Median and Sales prices were up, and inventory was up with some exceptions.  Condos can be a great way to enjoy the area and have the local home owners association help maintain the property.  Many buyers purchase for the purpose of use throughout the various seasons and also rent when not in use.CHART OF CONDO SALES comparing 2024 to 2023: VERMONT CONDO SALES:# of Condos Sold - up 19%Median Sale Price - up 3%, Average Sale Price unchanged# of Condos Available - up 83% STOWE, VERMONT CONDO SALES:# of Condos Sold - up 14%Median Sale Price - down 26%, Average Sale Price - Down 25%# of Condos Available - up 70%Note - several lower priced condos entered the market due to combin...
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area Land Sales Market Report - Comparison of 2024 to 2023 Sales Chart Land Sales varied greatly by town. There was no general trend to speak of.   Below is a chart which shows the State of Vermont sales along with the Towns I tend to serve: Stowe, Waterbury, Morristown, Hyde Park, Elmore, Johnson and Wolcott, Vermont.  Some of the towns have always had a small inventory which is typical for Vermont.   CHART OF LAND SOLD - 2024 compared to 2023:   STATE OF VERMONT LAND SALES:# of Lots Sold - down by 15%Median Sale Price - up by 5%, Average Sale Price up by 7%Average # of Listings - up by 11% STOWE, VERMONT LAND SALES:# of Lots Sold - up 42%Median Sale Price - up by 10%, Average Sale Price up by 6%Average # of Listings - down by 8% WATERBURY, VERMONT LAND SALES:# of Lots S...
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area Single Family Home Sales Market Report - Comparison of 2024 to 2023 Sales ChartIt's a mixed bag comparing 2024 to 2023 Home Sales.  The general trend was an increase in Homes Sold, an increase in Median and Average Sale Prices and an increase in the average inventory of homes available for sale.Below is a chart which shows the State of Vermont sales along with the Towns I tend to serve: Stowe, Waterbury, Morristown, Hyde Park, Elmore, Johnson and Wolcott, Vermont.  Some of the towns have always had a small inventory which is typical for Vermont.  CHART OF HOMES SOLD - 2024 compared to 2023:  STATE OF VERMONT HOME SALES:# of Homes Sold - up by 1%Median Sale Price - up by 7%, Average Sale Price up by 7%Average # of Listings - up by 41% STOWE, VERMONT HOME SALES:# of Ho...
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area Land Sales Market Report - Comparison of 2023 to 2022 SalesThis report has mixed statistics.The State of Vermont - number of sales were down, inventory was down, median and average sale prices were up.Stowe, VT - Sales were down, inventory was up, median sale price down and average sale price up.Waterbury, VT - Sales were up, inventory was up, median and average sale prices were down.Morristown, Hyde Park, and Elmore, VT - lots sold down, inventory down, median and average sale prices down.Johnson, VT - lots sold up, median and average sale prices up, and inventory down.Wolcott, VT - number of lots sold was down, inventory unchanged, median sale price up and median sale price down.Below is a Chart breaking down each town:
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area Condo Sales Market Report - Comparison of 2023 vs. 2022 Condo SalesStowe, Vermont area condo sales somewhat followed the State of Vermont trends.  Stowe's number of sales were down by 18% and the inventory was also down by 9%.  The median sale price was up 31% and the average sale price was also up by 37%.  Most of the inventory is priced over $600k.Waterbury, Vermont did have more sales but only average 1 unit available.Morristown, Vermont increased in units sold.  The median sale price increased by 11% and the average sale price increased by 5%.  The average inventory was 0.The CHART below shows the data from 2023 compared to 2022.Condos continue to be a popular option for both full time and vacation buyers.  It is important to understand the Condo Documents, Rules...
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area Home Sale Market Report - 2023 compared to 2022Another year is in the books for real estate sales in the Stowe, Vermont area.  Overall, 2023 saw a decrease in the number of homes sold, an increase in median and average sale prices, and a decrease in inventory.Below is chart that shows this trend for the State of Vermont, Stowe, Waterbury, Morristown, Hyde Park, Elmore, Johnson and Wolcott - with a few exceptions in Johnson and Wolcott (active listings increased).This seems to be the trend across most of the United States.  I don't know what will happen this year but am hoping for more inventory.  I have noticed that there are more offers being made with financing contingencies and inspections.  Perhaps the lower interest rates we are seeing will help buyers be able t...
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area LAND Sales Market Report - 2022 compared to 20212022 Land sale trends in the State of Vermont and towns Stowe, Waterbury, Morristown, Elmore, Hyde Park, Wolcott and Johnson tended to follow the same path as Single Family Homes and Condos when compared to 2021.  That would be reduced sales, increased prices and decreased inventory. CHART OF LAND SALES - 2022 compared to 2021VERMONT Land Sales - 2022 compared to 2021 # of Lots Sold - decreased 27% Median Sale Price - increased 8% Average Sale Price - increased 9% Average Inventory - decreased 35% STOWE Land Sales - 2022 compared to 2021 # of Lots Sold - decreased 57% Median Sale Price - decreased 1% Average Sale Price - decreased 43% Inventory - decreased 20% WATERBURY Land Sales - 2022 compared to 2021 # of Lots Sold ...
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe Vermont Area Condo Sales Market Report - 2022 compared to 2021Overall, 2022 showed a decrease in condo sales and in inventory.  We also saw an increase in median and average sale prices.The CHART shows the activity for Vermont, Stowe, Waterbury and Morristown. VERMONT Condo Sales - 2022 compared to 2021 # of condos sold: down 17% Median Sale price: up 29% Average Sale price: up 26% Average Inventory: down 21% STOWE, VERMONT Condo Sales - 2022 compared to 2021 # of Condos sold: down 28% Median Sale price: up 13% Average Sale price: up 10% Average Inventory: down 31% WATERBURY, VERMONT Condo Sales - 2022 compared to 2021# of Condos Sold: no sales in 2022.  No Inventory in 2022MORRISTOWN, VERMONT Condo Sales - 2022 compared to 2021 # of Condos Sold: up 200% Median Sale Price: up 9% A...
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area Home Sales Chart - 2022 compared to 2021I knew that this would be interesting to look at the changes from 2022 to 2021.  Generally, State and local town stats showed that the number of home sales decreased along with the inventory of homes available to sell.  The sales prices varied by town.  I analyzed the towns in my area of practice - Stowe, Waterbury, Morristown, Hyde Park, Elmore, Johnson and Wolcott.The Chart below shows the change in homes sold, median sale price, average sale price and average inventory throughout the year.CHART - Home Sales in Vermont, Stowe, Waterbury, Morristown, Hyde Park, Elmore, Johnson and Wolcott (keep in mind, most of these towns have a low population):VERMONT Home Sales # of Homes Sold: down 20% Median Sale Price: up 12% Average Sal...
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
STOWE, VERMONT Area HOME Sales Market REPORT - Comparison between the 1st half of 2021 to the 1st Half of 2020.As we have seen throughout the country, real estate sales have seen an increase in not just the number of sales, but in the median and average sale prices.  Also, the inventory of available homes has seen an exceptional decrease.  The Stowe, Vermont area is certainly no exception.  When the country went into an overall lockdown due to COVID 19, many people desired an escape from the city life.  Vermonters love the outdoors and it's easy to just walk outside and breathe. Also, Vermont handled the health crisis well and continues to do so.  Below is a chart which shows the State of Vermont, Stowe, Waterbury, Morristown, Hyde Park, Elmore, Johnson and Wolcott Vermont statistics. C...
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area Home Sales Market Report - 2020 compared to 20192020 - the year of COVID-19 and it certainly impacted the real estate market.  Vermont sellers took the lead with the economic swing of High Demand and Low Inventory.  We certainly saw and continue to see that Vermont became a desirable state for buyers given our open spaces, land, low crime, and overall rural environment.  This certainly increased the demand.  The supply saw owners who may have wanted to sell at some point, decide to stay put as Vermont was certainly doing well with the virus.  Owners were also faced with - where would they move?  Some 2nd home owners decided to make their vacation properties their primary residence.  They could now work from their Vermont home so why go back to their home in the city?...
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont area condo sales Market Report - 2020 compared to 2019.The Stowe, VT area saw a significant increase in the sale of condos.  Vermont sales benefited from many buyers looking for a more remote location to come to while dealing with COVID 19 in their home state.  Another trend we saw was people making Vermont their primary residence as they could work remotely from their Stowe property.The CHART below shows the sales of condos in Vermont, Stowe, Waterbury and Morristown, Vermont.  The average inventory of condos in Waterbury and Morristown in 2020 was 0; however there were sales in both towns.STATE OF VERMONT Condo Sales:- # of condos sold - Up 16%- Median Sale Price - Up 11%, Average Sale Price - Up 17%- Average # of Condos for Sale - Down 28%STOWE, VT Condo Sales:- # of c...
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area Land Sales Market Report - 1st Half 2020 compared to 1st Half 2019The first half of 2020 has been an interesting period in the real estate market.  We continue to deal with COVID-19 challenges (mostly in April, May and June) and national civil unrest.  Although it has been somewhat challenging to list and show properties in Vermont because of COVID-19 requirements, we continue to see interest in the purchase of land.  Generally, the sales of land have decreased, average and median sale prices have varied by town, inventory has decreased and pending contracts have decreased.  Perhaps with the strong demand for homes along with low inventory, we'll see a growing demand for land.  It can be a great solution for some who have always wanted to build their own new home.Bel...
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area Home Sales Market Report - 1st Half 2020 compared to 1st Half 2019The first half of 2020 has been an interesting period in the real estate market.  We continue to deal with COVID-19 challenges (mostly April, May and June) and an unsettled country due to civil unrest.  Although it has been somewhat difficult to list and show properties in Vermont because of COVID-19 requirements, the demand for homes in Vermont has certainly increased while the supply has decreased in most market areas.  Added to these forces are historically low mortgage interest rates.  Overall, the number of home sales have decreased, sale prices are either up or fairly stable, inventory down, and homes that are pending (under contract) have increased.  Of course not all towns have seen similar tre...
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Wolcott, Vermont - Home Sales Market Report and Trends - 2008 through 2019Wolcott, Vermont is a relatively small town with a population of about 1,600.  It consists of 40 square miles and is located close to Hyde Park on the west, Elmore to the south, Harwick to the southeast and Craftsbury to the northeast. Wolcott, Vermont Home Sales - 2019 compared to 2018:- # of Homes Sold - Up 14%- Average Sale Price - Up 3%- Median Sale Price - Up 3%- Inventory of Homes - Up 6%Below is an Infographic using the same data over the period of 2008 through 2019:
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Johnson, Vermont - Home Sales Market Report and Trends - 2008 through 2019Johnson, Vermont is a small town with a population of approximately 3,500.  Northern Vermont University/Johnson is located here.  It is also home to the Vermont Studio Center.  It is located north of Stowe, Morristown and Hyde Park, VT.The Home sales in Johnson, Vermont when compared from 2018 to 2019:- # of home sales - Down 15%- Average Sale price - Down 22% - Median Sale price - Up 6% - Average inventory - Down 20%Below is an Infographic using the same information starting with 2008 through 2019:
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Elmore, Vermont - Home Sales Market Report and Trends - 2008 through 2019Elmore, Vermont - this town is northeast of Stowe and features one Vermont's most beautiful lakes - Lake Elmore.  Although Elmore has a low population, it's residents have big hearts.  The "main" street features The Elmore General Store which sits right on Lake Elmore.  Of course, another landmark is Elmore Mountain.  Doesn't get much better than a Lake and Mountain panorama!Comparison of Elmore Home Sales - 2019 compared to 2018:- # of Homes Sold - up a tad- Average Sale Price - Up 17%- Median Sale Price - Up 19%- Inventory of Homes for Sale - no changeBelow is an Infographic showing the trends of the same data from 2008 through 2019: 
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Hyde Park, Vermont - Homes Sales Market Report and Trends - 2008 through 2019Hyde Park, Vermont is the County Seat for Lamoille County.  It features a Village Area with the Courthouse and some businesses along with many beautiful rural properties with open fields and barns.  It is also home to Hyde Park Elementary School and Lamoille Union Middle and High School.When comparing the home sales in Hyde Park, Vt using 2019 compared to 2018:- Number of Homes Sold - Down 16%- Average Sale Price - Up 17%- Median Sale Price - Up 5%- Average Inventory of Homes - Up 44%Below is an Infographic showing the same information over a period from 2008 through 2019:
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Morristown, Vermont - Home Sales Market Report Trends - 2008 - 2019Morristown, Vermont (aka as Morrisville, Vermont) is a town just north of Stowe, Vermont.  It features many primary residents, Copley Hospital, several restaraunts, and shopping.  Plus there is a new "rail" trail for pleasant walks or biking.The Real Estate Market for home sales varied some in 2019 when compared to 2018:- Number of Homes Sold - down 5%- Average Sale Price - Down 6%- Median Sale Price - Down 9%- Avereage Inventory of Homes - Down 3%The Infographic Below shows the same data from 2008 through 2019: 
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont - Home Sales Market Report Trends - 2000 through 2019Stowe, Vermont Home Sales - Although the number of homes sold was down a tad along with the sold prices, the bigger story is a lack of inventory especially in the price range below $500,000.  The lack of inventory is certainly not happening just in Vermont, rather it is nationwide.  The higher price range - over $1.0m appears to have a decent supply of homes availabe for sale in Stowe.The Infographic below shows the number of homes sold starting from 2000 through 2019; the average and median sold prices between 2000 and 2019; and the average inventory of homes starting from 2006 through 2019.When comparing the trends from 2019 to 2018, the following is noted: - Number of Homes Sold - down 4%- Average Sold Price - Down 1...
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Vermont - Stowe Area Home Sales Market Report - 2019 compared to 2018Another year is history so it's time for my annual Stowe, Vermont Area home sales market report.  Overall, the number of homes sold was higher; however, in areas where that was not the case, the decrease in sales was most likely due to lack of inventory.  Each town had positive signs and negative signs.  Waterbury, Vermont had the best report with increased number of sales, increased sale prices along with a reduction in inventory.  Stowe, Vermont had a minor reduction and number of homes sold and in sale prices.  Stowe faced and continues to face a low inventory of homes price below $1m.Below is a chart which summarizes the sales figures and the average inventory in each town.  CHART of Vermont Towns Home Sales - 2019...
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area Home Sales Report: Comparison of the 1st Half of 2019 to 1st Half of 2018 - MARKET REPORTAs a full time Stowe area broker, I am often asked "so how's the market?"  Sometimes, you just know - it's great, ok or really slow.  Other times, it's a mixed bag.  That's how I would sum up the 1st half of year report in 2019.  Some towns are doing well - like Stowe, and Waterbury while others, not so much - like Elmore.  Other towns show sales are down and inventory is down.  Like I said - a mixed bag.Below is CHART of Home Sales in Vermont, Stowe, Waterbury, Hyde Park, Elmore, Johnson and Wolcott, Vermont: STATE OF VERMONT - Homes Sold# of Homes Sold - UP 1%Median Sale Price - UP 5%, Average Sale Price - UP 4%Inventory of Homes for Sale - DOWN 9% STOWE, VERMONT - Homes Sold# ...
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By Teresa DeLuca Merelman, ABR, CRS, SRS, e-PRO, SRES, GREEN, AHWD
(Pall Spera Company Realtors)
Stowe, Vermont Area Home Sales Market Report - 1st Quarter 2019 compared to 1st Quarter 2018Some mixed signals from the various town market reports.  Some towns continue to see an increased number of sales, higher prices and decreased inventories - Stowe and Waterbury - while others had decreased sales yet increased sale prices.See the TOWN MARKET REPORT CHART here: VERMONT HOME SALES# Sold - down 1%Median Sole Price - Up 2%, Average Sold Price - Up 2%Inventory of homes available - Down 9% STOWE, VERMONT HOME SALES# Sold - Up 46%Median Sold Price - Up 9%, Average Sold Price - Up 12%Inventory of homes available - Down 11% WATERBURY, VERMONT HOME SALES# Sold - Up 11%Median Sold Price - Up 28%, Average Sold Price - Up 12%Inventory of homes available - Down 19% MORRISTOWN, VERMONT HOME SALE...
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