Real Estate Financing

Want a Smarter Home?


Smart home technology today, is providing homeowners with so many more ways to simplify tasks, save money, increase security, and feel more comfortable, whether at home or away.  This technology is becoming more and more important to buyers; and you might be surprised to find that many of the options are affordable, and provide the ability to be navigated right from your smart phone.

If  you go to this webpapge you will find an interactive interior where you can quickly find lots of helpful tips for every part of your home.  You can turn your lights on before you get home, turn your heat up or down while on vacation, have your entertainment system hidden in your light sockets; and even unlock the door for a service person, while you're at work.  Technology has come so far, that you can now actually have a cup of coffee awaiting you when you arrive home after a long day. 

For more information, and additional state of the art smart home ideas, you can visit this site.

   Source: ColdwellBanker.com   Photo: Kasalis.com   

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

Lamoille County, VT Real Estate Report | Stowe Blog

Lamoille County, VT Real Estate Report

Welcome to the Smith Macdonald Report, our examination of the 1st six months of the Lamoille County, VT residential and land real estate market. This report uses market-wide data based on transactions that closed in the first six months of 2014 and compares them to closings that took place during the first six months of 2013 and to Q1 2014. 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 2nd Quarter, and does not include contracts signed that have not closed.

Summer is in full swing in the Vermont with green stretching as far as one can see. We are quickly reminded of how wonderful summer can be in Vermont after the long winter season. Here at Coldwell Banker Carlson Real Estate we've welcomed the changing of the seasons with a change of our own, we've moved the office location to the Center Stowe Village. Our new location keeps us on Main Street, but also allows for us to invest in the Stowe & Lamoille County community.

Lamoille County, excluding Stowe, has remained steady with only slight growth with an 11% increase in units sold. This market continues to be driven by the sub $200K market, but is showing some signs of life above $300K in certain neighborhoods or areas.

A market in transition requires expertise to navigate it properly if you are a buyer you need to be fully educated and ready to move. As a seller proper pricing and marketing remain essential, but working with an expert who can produce the best results will have the greatest impact on your bottom line.  Whatever your real estate needs, Smith Macdonald Group is the market and technology leader and we encourage you to take advantage of every resource we can offer you.

Lamoille County Residential Sales

Lamoille County saw only slight improvements of 11% in homes sold compared to a year ago. There continues to be an oversupply of inventory, 222 homes, below $300K and a lack of increase in buyers. This dynamic will require a significant market shift either in pricing improvements or lack of inventory in markets like Stowe to break the status quo. The plus $300K price points have seen gains in sales due the lack of inventory in the lower end of the Stowe market.

Lamoille 2nd qtr 2014 Res

Lamoille County Land Sales

In terms of land sales there was no change in parcels sold compared to 2013, but there was a drop in both median and average pricing by 25% and 36% respectively. The inventory increased 14% and so did the months' of supply, both of which add downward pressure on sales prices.

Lamoille 2nd qtr 2014 Land

Stowe, VT Real Estate |2014 Mid-Year Smith Macdonald Report | Stowe Blog

Stowe, VT Real Estate | 2014 Mid-Year Smith Macdonald Report

Welcome to the Smith Macdonald Report, our examination of the 1st six months of the Stowe residential and land real estate market.  This report uses market-wide data based on transactions that closed in the first six months of 2014 and compares them to closings that took place during the first six months of 2013 and to Q1 2014.  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 2nd Quarter, and does not include contracts signed that have not closed.

Summer is in full swing in the Stowe area with green stretching as far as one can see.  We are quickly reminded of how wonderful summer can be in Vermont after the long winter season.  Here at Coldwell Banker Carlson Real Estate we've welcomed the changing of the seasons with a change of our own, we've moved the office location to the Center Stowe Village.  Our new location keeps us on Main Street, but also allows for us to invest in the Stowe community.

Stowe, VT Residential Sales

The 1st six months of 2014 continue to be very strong with growth in all areas of the market compared to the 1st six months of 2013.  Year to date the number of home sales is up 21%, this equals 11 more homes sold during this time period than the height of the market in 2006.  While at the same time inventory and months of supply continue to decrease, 11% and 22% respectively.  The lower inventory, buyer demand and strong financial markets have resulted in sales spreading out over the majority of price points, including an increase of 9% in sales between $1 million and $1.5 million.  The median and average residential sales prices increased 35% and 4%, respectively, with the median seeing a larger increase due to more higher-end homes trading.

Stowe 2nd Qtr Line Charts Res
Stowe, VT Units Sold 2014

 

 

Below you will see illustrated how the market has started to even out in sales below $1 million. 51% of market sales were below $500K, an increase of 9% from Q1 2014. 40% of the market falls between $500K and $1 million a 14% decline from Q1 2014, but still up significantly compared to just 28% a year ago. The luxury market consisted of 9% of the market a 5% increase from Q1.

Stowe 2nd Qtr Pie Chart
Stowe, VT Sales Percentages by Price

In the same categories, the chart below shows the relationship of sales price to list price.

Stowe 2nd Qtr List to Sold Stowe, VT Sales to List Price

In terms of selling prices compared to town assessment, we continue to see numbers that range from slightly below in lower price points to well above in the luxury market. The sub $500K market is averaging 7% below assessment a bit lower than this time last year. The $500K to $1 million price point is tracking roughly at town assessment. The high-end market, $1 million to $1.5 million is transacting 14% above town assessment. This is mainly due to two sales that the Smith Macdonald Group facilitated this year that sold significantly above town assessment.

 

Stowe 2nd Qtr Assessment
Stowe, VT Sales to Assessment

 

Stowe, VT Condo Sales

Condominium sales show significant strength as well - up 67% in the 1st six months.   The amount of inventory of this category decreased slightly as well, down 6%, but more importantly the months' of supply dropped by 43%, leaving a 23 months' supply compared to this time a year ago.  There were however decreases in the median and average sales prices, 21% and 29% respectively, mainly because no condos over $600K were sold.

Stowe 2nd Qtr Line Charts condo Stowe, VT Condo Sales

Stowe 2nd Qtr Main Charts condos
Stowe, VT Condos Sales by Price

 

In regards to how condos are selling in relation to town assessment you will see below on the sub $200K market there was a major correction between the 1st six months of 2014 compared to the 1st six months of 2013. In the $200K to $400K there was a 6% swing year over year, as a result of six more units being sold at lower prices. Above $400K there were only minor adjustments.

Stowe 2nd Qtr Condo Assessment
Stowe, VT Condos Sale Price to Assessment

 

Stowe, VT Land Sales

Land in Stowe has finally seen an increase in sales with 10 parcels sold over the 1st six months of 2014 compared to 6 in same time in 2013, resulting in a 67% increase. More importantly the inventory is still decreasing down 29% and the months' of supply is down 57% to 35 months. The median pricing dropped 17%, while the average rose 47% as a result of one land sale well above $500K.

Stowe 2nd Qtr Line Charts land
Stowe, VT Land Parcels Sold

Stowe 2nd Qtr Main Charts land
Stowe, VT Land Sales by Price

 

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

 

2013 Mid-Year Smith Macdonald Report | Stowe Real Estate Market Analysis

2013 Mid-Year Smith Macdonald Report

Cover
Smith Macdonald Report

Welcome to the Smith Macdonald Report, our examination of the 1st six months 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 six months of 2013 and compares them to closings that took place during the first six months of 2012.  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 1st  & 2nd Quarters, and does not include contracts signed that have not closed.

As the economic recovery continues to take hold and markets around the country rebound; the Stowe market is starting to follow suit.  As many of us know the Stowe and Vermont markets tend to lag behind many of these national markets.  The market saw gains in units sold of 39% compared to the same time period in 2012.  39 total residential homes sold in the 1st six months of 2013, exceeding market high sales volume from 2007.  While the majority of the sales remain below $500K, 61%, down from 68% a year ago, the $500K to $1 million price point almost doubled from six to 11 sales, increasing its market share to 28% from 21% a year ago.  We also saw the median and average prices only slightly decline by 2% and 4% respectively. There was a slight uptick in inventory, due to seasonality and a strengthening market, of 9% from a year ago.  The more positive market indicator is the overall months of supply have decreased from 23 months to 18, equaling a 22% decline.

Lamoille County continued to improve in 2013 compared to 2012 with a 34% increase in residential sales volume.  It did however see a slight decrease in median and average prices, dropping 3% and 5% respectively.  Inventory in Lamoille County continues to be a concern with over 298 units available, with 221 units being priced from $300K and below.  Waterbury residential sales volume had a strong turn-around, with an increase of 67% in units sold compared to this time a year ago.  This did result in declines in median prices of 20%, but increases in average prices, 7% compared to the first six months of 2012.  Sales between $200K and $300K helped anchor the market in Waterbury, with 7 of the 35 total sales happening in this price point, thus causing the median prices to decrease.

The recent movement in interest rates will require further monitoring before its full affect is known.   The Smith Macdonald Group and Coldwell Banker Carlson Real Estate have started to take a different approach to positioning homes in this ever strengthening market by looking at absorption rates and odds of selling, a key factor to helping you buy or sell.  Contact us to understand how this affects your property.

One factor will always remain; we are your trusted real estate advisors and are ready to provide you with unmatched expertise and advice. We hope you find the Smith Macdonald Report helpful and we welcome any questions you may have regarding it.

Click here to access the 2013 Mid-Year report and other Smith Macdonald Report's.

Sincerely,

Peggy Smith                                                          McKee Macdonald

President/Broker                                                 Broker

802.793.3566                                                       802.375.5009

 

Smith Macdonald Group of Coldwell Banker Carlson Real Estate

25 Main Street, PO Box 300 Stowe, VT 05672

Selling a House? 5 Reasons You Should Do It Now | Stowe Blog

Selling a House, Now is the Time.

Good tips in here for why you should consider selling.  We at Smith Macdonald Group feel the shift in interest rates is the largest reason why.  The current shift up in rates means the buying power of buyers decreased between $40K to $60K.  That's a significant shift, a buyer who on June 1 could have afforded a $300K house can now only afford a $250K house.  That's real money on both sides of the transaction.

 

Selling a House? 5 Reasons You Should Do It Now.

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

 

 

Thirty-year mortgage rate drops to another record low - USATODAY.com

Mortgage rates drop, money is cheap, if you are thinking about buying a home, now is the time.  Stowe is affordable again and you can purchase a lot more house with today's rates than you could even 5 months ago.  Don't let this opportunity pass you by, contact us today about your home buying options.

Thirty-year mortgage rate drops to another record low - USATODAY.com.

Should I make a smaller down payment on my home, and invest the rest? - The Help Desk - Personal Finance FAQs - CNNMoney

Once you make the decision to purchase a home, that's when the real work starts or should I say the questions begin.  One of those questions is how much should I put down and how much should I finance?  The answer isn't always straight forward, many factors need to be taken into consideration, such as credit score, overall financial situation, loan products available, interest rates, etc.

The rule of thumb as been that if you can put 20% down on a 30 year loan, that was considered standard.  Now with historically low interest rates many people are looking at shorter term loans at much lower rates.  Generally the more you put down the lower the rate you can qualify for, but there are certain loan product that allow for less down and offer very low rates.  It's important you work with your realtor and lender to make sure the loan you choose is right for you.

To read a good article from CNN Money Magazine, click below.

Should I make a smaller down payment on my home, and invest the rest? - The Help Desk - Personal Finance FAQs - CNNMoney.