Stowe Happenings

Vail Resorts Purchasing Stowe Mountain Resort

The rumors were confirmed on February 22nd that Vail Resorts will be acquiring Stowe Mountain Resort from the Mt. Mansfield Company.  The $50 million dollar purchase will be Vail's first mountain resort on the east coast, adding an iconic one to its portfolio of 10 mountain resorts, like Beaver Creek, Breckenridge, and Blackcomb in British Columbia.  This likely bodes well for all of Stowe, bringing more here to ski and for other activities, year-round.  Also, Vail's Epic Pass will be very popular, which will allow local pass holders here in Stowe the ability to ski and ride at any one of the other Vail mountain resorts at a very affordable price.

You can read more about this exciting news in Vermont Ski and Ride's article.

Introducing a New Macdonald to the Smith Macdonald Group

We are proud to welcome Maggie Macdonald to our award-winning family business, the Smith Macdonald Group of Coldwell Banker Carlson Real Estate. Maggie is an experienced real estate professional with deep roots in the Stowe community, who brings a successful background in sales, advertising, and project management to the Stowe area real estate market.

Maggie will join us in providing trusted advice to our clients. Like Peggy, who has been a pillar of the Stowe community since 1973, and McKee, who has been an award-winning real estate salesperson in both New York City and Stowe, she is committed to providing impeccable customer service. Maggie is forward thinking, innovative, and very tech savvy, which means our clients will benefit from state-of-the-art marketing and sales strategies. 

As a multi-million dollar sales associate at The Corcoran Group in New York City, and Prudential California Realty in Lake Tahoe, Maggie consistently delighted clients and exceeded their expectations. She helped launch an exclusive riverfront condo development at Winooski Falls, as Director of Sales and Marketing at The Cascades.  Maggie’s advertising clients trusted her to produce cutting-edge digital campaigns that were both creative and technologically advanced. She will bring this wealth of experience back home to Stowe, where she is ready to help clients navigate the local real estate market.  

Please join us in welcoming Maggie back to the Stowe area, where she will provide every client, no matter how large or small, with personalized strategies for success. With her first-hand knowledge of our unique community in the heart of the Green Mountains, Maggie will be joining us to help enhance the opportunities for all of our buyers and sellers in Stowe and the surrounding areas. 

Stowe's Exceptional Properties

Summer is the time when we see a lot of properties come on the market, in Stowe.  There is never a better time for buyers to have so many wonderful choices.   Stowe is highlighted by so many things, like being a world class 4-season resort.  There is skiing, riding, mountain biking, concerts, craft breweries, acclaimed restaurants, and a wide variety of arts and activities.  Stowe is also known for its exceptional properties, and luxury homes.  Each has its unique qualities, along with special features and benefits.

Here is a sampling of some of our current luxury properties, listed for sale.

Luxurious living on 11 private acres with a winding driveway leading to an exciting contemporary home with beautiful landscaping. From the moment you enter the home you know this place was created for the view: every window looks to mountains, gardens, and pond.

For additional details, price, and a virtual tour, you can go to our website.

Want to be able to ski home or leave from you house to cross country ski, mountain bike or hike? This is the perfect home for you. This home has never before been on the market, and is located in a very desirable area, just before the Toll House.  Lots of privacy, yet easy access to Stowe Mountain Resort.

For more information on this property, you can go to our website.

Rarely does a home become available that checks the boxes for most every kind of buyer. Imagine walking into your home and looking straight out onto a massive pond with Mt. Mansfield as a backdrop. Enjoy the easy access to Stowe village and Route 100 South, yet have privacy on 11 acres of beautiful land, surrounding you.

For more information on this property, you can go to our website.

 

Weekend Events in Stowe at the end of July

Summer events in Stowe, the weekend of July 29th, 2016

July 29 - 30: 2nd annual Stowe Brewers Festival  featuring fine craft beer, cider, spirits, live music, food truck and vendors. 

For more information and to buy tickets, you can go to their website. 

Girls Guns and Glory - July 28: Boston’s own - performing at the well known Spruce Peak Performing Arts Center.  Girls Guns and Glory found inspiration from early ’50s rock ‘n’ roll icons such as Chuck Berry, Eddie Cochran, and Buddy Holly, as well as country greats like Hank Williams and Johnny Cash.

You may want to take a peek at the brand new Spruce Peak Adventure Center at the mountain!

Check out some of the new shops, restaurants and lodging facilities.  And, don't forget about some of the east's best mountain biking trails.

 

It's Pet Adoption Weekend

For over 100 years, Coldwell Banker has helped people find homes.  This year, they're adding to the mission, by extending the effort to people's best friend.  That's why we've partnered with the North Country Animal League, in Morrisville, to help our furry friends find a warm comfortable home filled with laughter, joy and fun.  That's also why we will be hosting an open house on Saturday, August 1, to bring attention to all the animals in our area, who are in need of a home.  Join us here at 91 Main Street, on August 1, from 11 a.m. to 1:00 p.m., for refreshments, dog treats, and other goodies.  Bring a friend, and meet some of NCAL's most adorable critters.

All you dog lovers will love this video.  Be sure to turn up the volume.  To see what animals are currently available for adoption, visit the NCAL website. 
 

 

It's Mud Season - What to Do?

  

IT’S MUD SEASON IN

VERMONT

Win a pair of boots *

 

WHAT TO DO DURING MUD SEASON

This is the season where you can count on snow, rain, sleet, hail, sun, and temperatures from 0 to 75 degrees, and the roads full of muddy ruts. Top ten things to do:

10. Finish the ski season with the best skiing of the year, no crowds   

9. Take the gondola up the mountain, hike to the top and have a picnic on the way down. Bring skis or snowshoes, space blanket to sit on and enjoy the view

   8.  Check out the new goats and lambs at a farm

   7.  Have a bowling party

   6.  Go to a climbing wall and try out your skill

   5.  Sign up for a trail work day

   4.  Take a ‘staycation’ with deals on hotels and spa treatments

   3.  Go to a monster truck mud race

   2.  Visit a maple sugar house, eat sugar on snow

 

And the #1 best thing to do:

Look at real estate because you can see the potential for views on a wooded lot or get a deal before the prices and the mortgage rates rise.

Call or email the Smith Macdonald Group for an appointment: smg@smithmacdonaldgroup.com

Peggy: 802 793-3566   McKee 802 375-5009

* A free pair of rubber boots to the first person that signs a deal in April

photo source: vermontgreentree.com

              

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. 

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 #2 Place To Ski Now | Men's Journal | Stowe Blog

Winter View 1 (Large)Stowe, VT ranked #2 Place To Ski

In the November issue of Men's Journal featuring the five best ski resorts in North America, Stowe, VT ranked number 2.  The combination of over 2,000 feet of vertical, history dating back to 1933 and a true New England village Stowe offers something for everyone.  The recent renovations and upgrades in the infrastructure and luxury at Stowe Mt. Resort have created a skiing experience that rivals many high-end resorts in the Rockies.

One of Stowe's most famous skiers Tiger Shaw was recently named CEO of the U.S. Ski and Snowboard Association, which governs Olympic freeskiing and snowboarding in the U.S.  This adds to the long history of ski industry pioneers who have come from Stowe or chose to call it home.

Check out the Article below from Men's Journal:

Stowe SnowLike all ski resorts in the Northeast, Stowe is a hostage to geography. But unlike any of the others, Stowe is a big mountain in miniature - 3,719 feet, with 2,160 feet of vertical, to be exact. It's a steep, rugged crag of Appalachian relief with groomers as wide as interstates, some of the scariest bump runs in America, and glades and gullies that reward an adventurous spirit. "Stowe offers some of the steepest terrain in the country and is one of the few places on the East Coast where you can get the feel of big-mountain skiing," says Chip Knight, a three-time U.S. Olympic team skier who has skied Stowe his entire life. "Hike up to the Chin or duck into the trees off Nosedive or Chin-Clip after a big snowstorm and you'll even find some exceptional sidecountry skiing."

Terrain aside, Stowe is also the rare resort with the one quality that separates a good ski town from a great one, no matter what part of the country you're in: history. There's a difference between a ski area that exists because it has good mountains and one that was a town before, with a farming or mining industry. It's the difference between Vail and Aspen, Whistler and Revelstoke, or between pretty much any other resort in the East and Stowe.

Whittled out of the Green Mountains and drizzled in maple-syrupy charm, Stowe was a mill town, then a farm village, and then a kind of refuge for European immigrants who wanted a place to log and trap and mine that reminded them of home. It didn't hurt, of course, that the state's highest peak, Mount Mansfield, was there, on whose inclines these same immigrants began to climb up and slide down on trails cut by the Civilian Conservation Corps way back in 1933. Seven years later, the longest, highest chairlift in America was installed, broke down the first day, and then went on to run for nearly 50 years.

The modern world has long since arrived at Stowe in the few ways that really matter - a high-speed gondola, numerous high-speed quads, and the slope-side Stowe Mountain Lodge, a six-story, 312-room timber-and-stone temple to luxury that is one of the finest ski hotels in America. But to visit the town itself, you'd hardly know it. The main street (called, what else, Main Street) has steeples and taverns and actual candles burning in windows. The Matterhorn, everyone's favorite après bar since the days when celebrities and Kennedys skied Stowe, is reachable on skis and looks pretty much the way it did when it opened, in 1950. When McDonald's somehow managed to circumvent the town's ferocious zoning laws, residents were so angered that they ignored it out of business.

"What attracted me is that it feels authentic," says Scott Coggins, a 39-year-old who relocated to the village from New York City in 2010. "So many ski towns have activity on weekends, but they're not real towns. People actually live here." Once or twice a week in season, Coggins gets up, drives 20 minutes to the mountain, and is on the first lift at 8 am so he can get a couple of runs in before work. If it happens to have snowed the night before (not unlikely, since Stowe averages more than 300 inches a year, the most of any Vermont resort), he'll go even earlier, hike up, and lay some of the first tracks in Goat Woods, one of the many glades on a mountain known for its trees and gullies. He definitely won't be alone. "On real powder days, you can see people coming off the mountain with headlamps on."

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    Winter Rendezvous 2014 | Stowe VT | Stowe Blog

     Winter Rendezvous Celebrates 30 Years!

    Winter Rendezvous ad

     

    The longest running gay ski weekend in the Northeast is celebrating 30 years of coming to Stowe, VT.  Stowe and Stowe Mountain Resort have played host to this fun and exciting crowd for 30 years and are looking forward to the next 30 years.  This year the Winter Rendezvous will take place January 22 to 26, 2014.

    The weekend offers a full array of activities other than just skiing.  Each night offers entertainment, check here for the schedule.  Nightly activities.

    If you've been before or this is your first time you probably have questions, well here are the answers. FAQ

    They offer hotel packages, but if you prefer to stay in a ski home please contact us we have plenty of wonderful ski homes that can accommodate any size party and pets, because who can leave fluffy behind when it's time to party in Stowe!  Ski rental homes.

    For more information on the Winter Rendezvous, click below:

    MJWAdventures.com offering GLBT travel& SCUBA Adventures.