Commercial Real Estate

Stowe Restaurants -- Some of our Favorites Revisited!

 

Many ski towns offer a variety of food, but not a variety with quality.  The Stowe area is known for having both; here are a few of our local favorites:

Markets & Quick Eats:

Cork located in downtown Waterbury, VT at the corner of Stowe Street. This wine bar and market is operated by a long time friend Danielle Moffat. She offers a wide variety of beautiful tasting wines along with a cozy atmosphere. Stop by on your way to Stowe for a drink and pick up a bottle on your way out the door. 

Commodities Natural Market, newly opened in Stowe, this is the second location for Commodities the other being the East Village in NYC.  Run by Michael and Audra Hughes Commodities offers a full array of natural and orgainc products from prepared foods to bulk items.  Commodities has a ton of local products ranging from cheese, veggies, bread to beer and wine. 

Casual Dining:

Harrison's, ask for Andrew and Kathy Kneale, the mother and son duo that has been pleasing locals with their food for decades. Casual dining located in the Stowe village. Known for their mussels, but everything that comes out of the kitchen is great. 

The Bench locatied on the Mt. Road (Rt. 108) just after the movie theater, this new addition to the Stowe restuarant scene has been welcomed by locals and visitors.  Offering wood fired food and tons of beer on tap it makes for a great combo after spending the day on the slopes.  The wings rock and my kids love the mac'n'cheese and pizza. 

Piecasso Pizzeria, NYC slices in Stowe also rated Top 11 slices in America by Travel and Leisure Magazine. They have a great family set up and also a cool bar and game room, plus the pizza is great. 

Phoenix Bar & Table, owned and operated by long time local resturant operator and chef Jack Pickett, Phoenix offers a varitey of seafood and unique eats that span the world.  The kale and wedge salads are terrific as well as the po-boy sandwiches.  A great option for lunch and dinner.  

Plate, located on Main Street, next to Coldwell Banker Carlson Real Estate, offers locally sourced Vermont food made in a healthly Califorina style.  They offer everything from vegan and gluten free to a full gamut of meat options.  

Gracie's, another Stowe Classic, run by Archie, you'll never leave there hungry. Known for their burgers, Gracie's take it to the next level. I love the boxer and their famous chicken sandwich. 

Cactus Cafe is Stowe's Tex-Mex favorite. Offering their famous jalapeño chips at the table, beware they bring the heat. Also on the menu are slow smoked pulled pork tacos, a southern twist to a Mexican standby. Wash it all down with their Mansfield marg! 

McCarthy's is the only stop for breakfast in Stowe. They've been serving it up for over 30 years and know how breakfast should be done. Ask for Diane, she'll probably be at the door waiting for you with a smile. Their homemade corn beef hash is made from scratch, just like the maple nut bread. 

The Roost & Flannel, located at Topnotch Resort, these are two nice options for different kinds of fun.  The Roost offers a relaxed environmnet with good bites to share along with craft beer and cocktails.  Enjoy shufflepuck or relax outside by the fire.  Flannel, is a more formal dining setting, a bistro with flare and great patio seating. 

Formal Dining:

Michael's On The Hill located in Waterbury center, just south of Stowe. This chef owned restaurant sources local foods at a very high quality. Offering tasting menus and creativity, Michael's if perfect for a romantic dinner. Try their Manhattan, made with port wine, as a bourbon lover; I give it two thumbs up. 

Hen Of The Wood located just off I-89 in Waterbury this kitchen has been cranking out high-end food for many years. The unique location and old stone mill offers a view of the river and waterfall which is only match by the quality of the food. 

Kitchen Table Bistro, a bit further away, located in Richmond, but well worth the drive. As with the other two they locally source their food and offer a stunning wine list. The menu changes with the seasons and offers a real look into handcrafted Vermont food. 

2014 Year-End SM Report, Stowe, VT Real Estate Report

2014 Year-End SM Report, Stowe, VT Real Estate Report

 

Welcome to the Smith Macdonald Report, our 2014 Year-End examination of the Stowe, Lamoille and Waterbury residential and land real estate market.  This report uses market-wide data based on transactions that closed in 2014 and compares them to closings that took place during 2013.  Since closings usually occur four-to-eight weeks after a contract is signed the sales activity charted here reflects transactions that closed during and through the end of 2014, and does not include contracts signed that have not closed.

In 2014 the Stowe market continued to show steady growth from 2013, with an increase of 9% in units sold.  There were 89 total units sold in 2014, setting a record high for the past 10 years.  2014 brought about a more rounded market across all price points, with the sub $500K market leading the way with 53% of the market.  The luxury market saw significant gains, with sales finally breaking through the $2 million mark.  Given the sales were more evenly dispersed throughout the market the median and average pricing rose by 30% and 10% respectively, these shifts were mainly due to the sales above $2 million.  There were slight increases in units on the market, 18%, and months of supply, 17, which is indicative of a more stable market with positive indicators.  As we progress into 2015 with a stronger US economy we expect to see those economic trends translate into continued growth in our local market.

The Lamoille market (excluding Stowe) was stable year over year with only a 11% gain in units sold.  The luxury market, above $400K, had a 50% increase in sales in 2014, 10, compared to 5 in 2013.  Movement on this end of the market is important as it has been stalled for many years.  The Waterbury market had a slight dip of 8% in 2014 compared to 2013, but given there were only 34 units sold in 2014, we consider this to be a very stable market.

Smith Macdonald Group ranked 3rd in the state of Vermont and 194th nationally among all Coldwell Banker teams, second in sales among all brokers in Stowe and Lamoille County and top 25 in all of Vermont.  Whatever your real estate needs in the coming year, Smith Macdonald Group is the market and technology leader and we encourage you to take advantage of every resource we can offer you.
 

Click the link below to access our website and download our full Smith Macdonald Report.

2014 Year-End Smith Macdonald Report, Stowe, VT Real Estate Report

Stowe VT Real Estate Analysis | 2013 Year-End Smith Macdonald Report | Stowe Blog

Stowe, VT Real Estate Analysis

Stowe, VT Real Estate Analysis, Smith Macdonald Report
Stowe, VT Real Estate Analysis, Smith Macdonald Report

 

Welcome to the Smith Macdonald Report, our 2013 Year-End examination of the Stowe, Lamoille and Waterbury residential and land real e

state market.  This report uses market-wide data based on transactions that closed in 2013 and compares them to closings that took place during 2012.  Since closings usually occur four-to-eight weeks after a contract is signed the sales activity charted here reflects transactions that closed during and through the end of 2013, and does not include contracts signed that have not closed.

In 2013 the Stowe market saw a significant shift in total residential units sold not only year over year, a 10% increase from 2012 but more importantly a 75% increase in sales from the bottom of the market in 2009.  There were 82 total units sold in 2013, equaling a market high from 2005 and matching the largest amount of sales over a nine year period.  While the majority of price points held steady over 2013, the $500K to $1 million price point saw an increase of 42% in unit sales, helping to restore the middle ground in our market.  The increase in sales helped to push inventory down, with a 12% decrease in homes on the market compared to a year ago.  Our market is trending tow

ards a more balanced market in terms of supply.  The sub $500K market is where the majority of the sales continue, there is just over a seven months of supply, basically an even market.  Below $300K there is a shortage of inventory with only a four months supply.  The above $500K market has 11 months of supply of inventory, still a buyer's market.

The Lamoille market (excluding Stowe) had a strong year with a 36% gain in units sold, with gains in the higher-end portion of the market finally breaking through.  The majority of sales still remain below $200K.  The Waterbury market remained stable with only slight drops in median and average pricing, but a 9% increase in units sold.

Smith Macdonald Group ranked 4th in the state of Vermont among all Coldwell Banker teams, the only team located outside the Burlington area, second in sales among all brokers in Stowe and Lamoille County and top 25 in all of Vermont.  Whatever your real estate needs in the coming year, Smith Macdonald Group is the market and technology leader and we encourage you to take advantage of every resource we can offer you.

Peggy Smith                                       McKee Macdonald

President/Broker                             Broker

802.793.3566                                      802.375.5009

SMG@smithmacdonaldgroup.com

 

Q3 2012 Smith Macdonald Report -- Analysis of the Stowe VT Area Real Estate Market

Stowe VT Real Estate Report

 

Q3 2012 Stowe VT Real Estate Market Data

Welcome to the Smith Macdonald Report, our examination of the 3rd Quarter of the Stowe, Lamoille County and Waterbury's residential and land real estate market.  This report uses market-wide data based on transactions that closed in the first nine months of 2012 and compares them to closings that took place during the first nine months of 2011 and compares sales between Q2 and Q3.  Closings usually occur four-to-eight weeks after a contract is signed for that reason, the sales activity charted here reflects transactions that closed during and through the end of the 3rd Quarter, and does not include contracts signed that have not closed.

The Town of Stowe completed its reassessments of all properties during the 3rd Quarter, 60% of the property values in town decreased and 40% increased.  Many of the transactions that closed in Q3 were based on the prior assessment.  Due to this fact and because we are so close to the release of the reassessment, we will look to the data in Q4 and Q1 2013 to see how those transaction related to the new assessments.

Q3 brought about a positive shift in the market, with the number of units sold increasing by 85% compared to Q2.  This resulted in a 2% increase in units sold year to date compared to 2011 year to date.  The sub $500K price point continues to drive the market with a 67% market share, this results in bring down the median and average  price, but when comparing Q2 to Q3 we see an increase in both of these categories.  The reason for this increase is the luxury market, which saw two sales above $1 million during Q3.  Finally there continues to be a decrease in inventory market wide with a 25% drop year to date compared to the same time last year and a 7% decrease between Q2 and Q3.

Lamoille County kept pace seeing a 5% increase in units sold year to date compared to 2011 year to date. The market slowed the decrease in median and average prices, dropping 2% and 5% respectively, compared to 6% and 12% through Q2 2012.  Inventory in Lamoille County is still growing with an increase of 21%.  Of note, land in Lamoille County saw a drastic uptick by 143% compared to the same time a year ago.  Waterbury rebounded from a slow start to the year, with a 9% increase in units sold compared to this time a year ago.  This resulted in increases in both, median and average prices, 21% and 27% respectively compared to the first nine months of 2011.  The high-end, above $300K in Waterbury helped to fuel most of these gains.

The 3rd Quarter 2012 behaved more like a traditional market of years past, we will continue to analyze the market to see if this trend will hold for the future.  Regardless of the market one factor will always remain; we are ready to provide you with unmatched technology, expertise and advice.

Access our current Smith Macdonald Report and past Reports.

Sincerely,

Peggy Smith                                                          McKee Macdonald

President/Broker                                                Broker

802.793.3566                                                      802.375.5009

 

 

Historic Stowe Hardware Building For Sale - Rent | Smith Macdonald Real Estate Group

We are pleased to be representing the Historic Stowe Hardware Building For Sale and Rent.

Exclusive: $1,500,00 - sale

Exclusive: $7,500 per month, triple net - rent

This building housed the Stowe hardware and tin shop from 1829 until 2011: one hundred and eight-two years of history and commerce. Restored in 1999 to reflect the character of the 1800's, this building offers almost 9000 square feet of retail and storage space. Few buildings in Stowe offer the versatility and location as this anchor at the north end of the village. There are endless possibilities where the character and history of this building could enhance businesses. Any possibility you can create there is square footage with charm. Wine bar, bookstore, coffee shop, restaurant to retail shop, ample parking, garage or shop space, use your imagination. Own a piece of Stowe's history and make your imprint on its future.

http://youtu.be/0hqDjGbxFqs

 

 

Historic Stowe Hardware Building For Sale | Smith Macdonald Group's New Listing

The historic Stowe Hardware building is now on the market and available for purchase.  Having housed a hardware store for over 100 years, this property is one of a kind.  It's prime location in Stowe Village allows for maxim exposure for any business.

This building housed the Stowe Hardware and Tin Shop from 1829 until 2011: one hundred and eight-two years of history and commerce. Restored in 1999 to reflect the character of the 1800's, this building offers almost 9000 square feet of retail and storage space. Few buildings in Stowe offer the versatility and location as this anchor at the north end of the village. There are endless possibilities where the character and history of this building could enhance businesses. Any possibility you can create there is square footage with charm. Wine bar, bookstore, coffee shop, restaurant to retail shop, ample parking, garage or shop space, use your imagination. Own a piece of Stowe's history and make your imprint on its future.

Exclusive: $1,500,000

Contact: Peggy Smith: 802-793-3566 or McKee Macdonald: 802-375-5009

E: info@smithmacdonaldrealestategroup.com

View Listing Here: Stowe Hardware Building

 

The Year Ahead: Real Estate's Best Bets in 2012 | Realtor Magazine

Realtor Magazine takes a look at the year ahead and what sections of the market will be hot and best bets.  They focus on both residential and commercial.  From the residential stand point international investors will play a large portion in the US market given the economic situation outside of the US.  Also distressed inventory in centrally located neighborhoods will continue to draw attention as well as good rental units.  On the commercial end of the market they target, office and retail space as well as warehouse space and multifamily units.

In the Stowe market we will see all of these areas take shape in one form or another.  Stowe offers opportunities in all of these categories, so it becomes attractive to buyers.

The Year Ahead: Real Estate's Best Bets in 2012 | Realtor Magazine.

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U.S. is top 2012 property investment pick | Reuters | Vermont Commercial Real Estate

Interesting article relating to commercial properties in 2012.  The U.S. ranks top investment pick according to the 20th annual survey of Association of Foreign Investors in Real Estate (AFIRE) members. 

While this only deals with large cities the same factors that make them appealing to investors also come into play on a smaller scale for local commercial properties.  Commercial properties often take longer to sell and can remain vacant, but with a growing economy and lower jobless numbers (see up coming blog on Jan 5th regarding lower jobless numbers) they become attractive quickly.  The Stowe area has many commercial options and several have started to attract new businesses to the area.

To read the full article click below:

U.S. is top 2012 property investment pick | Reuters.

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