Currently there are eight single-family homes under contract or pending sale in the price range of $79,900 - $1,800,000 (up from six last month, and down from nine two months ago), 11 whole-ownership condominiums under contract or pending sale priced from $216,000 - $549,000 (up from eight last month and five two months ago), two undeveloped land parcels under contract priced from $225,000 - $285,900 (up from one last month, and down from three two months ago), and zero commercial properties under contract (zero last month, and zero two months ago).
Regarding the properties that are currently under contract, eight of the 11 condos and two of the eight single-family homes were listed after October 1, 2024.
There were five single-family home sales in October 2024 from $405,000 - $1,150,000 (up from three sales in September). There were five whole-ownership condominium sales from $128,200 - $630,000 (up from three sales in September). There were two undeveloped land sales in October from $237,000 - $272,000 (two sales in September as well). There were zero commercial sales in October (zero sales in September as well).
The current inventory in the Mad River Valley is up to 28 single-family homes (26 this time last month), there are 11 whole-ownership condominiums (up from 10 this time last month), there are 21 undeveloped land parcels (25 this time last month), and six commercial properties (six last month as well). The trend for the past few months shows that we are starting to see more inventory linger on the market, and interesting in the increase in new single-family home listings during a time of year when we generally see less new inventory coming to market.
