Stowe, Vermont

Are you Thinking of Buying a Home in Stowe, Vermont?

  

Where is the Best Bang for Your Dollar in Stowe, Vermont?

Are you thinking of buying a home in Stowe? The village of Stowe is where it is happening, and the homes throughout the area are where you can find the best value and the best time for you and your family.

Here is what is offered in the town of Stowe:

  • A variety of excellent restaurants specializing in local foods, craft beers, and wines
  • 3-plex movie theater serving cocktails while you enjoy the movie
  • Local theater groups performing all year round
  • Stowe Performing Arts with music at the Helen Day Art Center gazebo, and in the Trapp Family meadow
  • World class resort and world class skiing
  • Acclaimed Helen Day Art Center
  • Ski Museum
  • Vermont artisan stores
  • Boutique shops
  • One of the best mountain biking areas
  • Five star hotels, newly renovated ski lodge hotels
  • Miles of cross country ski trails, including the famous Trapp Family Lodge Outdoor Center
  • Summer festivals including British Invasion Car Show
  • Jazz Festival; and Art On Park throughout the summer season
  • Coffee shops featuring Vermont artisan coffees
  • Large farmers’ market
  • Maple sugar shacks for tasting and buying
  • Dog sledding, snowmobiling
  • 33 miles of Lamoille Valley Rail Trail (additional 60+ to be built) for biking and 4-season recreation, plus the award winning Greenway 5.5 mile bike path along the river.

There are many more features offered, but the most important one is the community.  Stowe is not just a vacation destination.  When you own in Stowe you become part of a large neighborhood of year-round residents, as well as second home owners, who all work together to make Stowe the friendly community it is known for.

When considering Stowe, the most notable aspect is the property prices. You are able to buy into a world class resort, a picturesque New England town, with an international airport nearby, a small airport capable of bringing in small jets, and an interstate from three major areas, New York, Boston and Montreal, for less than other comparable resorts.  And if you are looking for luxury homes, we have the best deals from $1,000,000 and $2,000,000.  Homes which include acreage, views, pools, tennis courts, streams, upwards of 3,000 sq. feet, multiple bedrooms, fine craftsmanship from Vermont builders, local woods, and granite from Vermont quarries.  These homes would be millions of dollars in other resorts, but not here in Stowe.  Our homes are tucked into beautiful settings with quiet and reserved elegance, where life is relaxed, the country air is clean and homeowners can enjoy the cosmopolitan flare of Stowe village and the Stowe Mountain Resort.

Come Discover Stowe - one of the best kept secrets in the U.S.

Are You Ready To Rent?

 

 

 

 

 

 

 

Stowe, Vermont has always been a desirable destination for vacation, as well as for investing in real estate. Vail Resort's recent purchase of the Stowe Mountain Resort's ski operations has had an additional impact on growing interest in the area, year-round. Increased buyer demand, in many cases, includes the desire to rent which is a great way to generate income during the year when you, the homeowner, are not using the property yourself.

Stowe has seen condominium sales, as well as prices, rise since the news broke about Vail Resorts purchasing Stowe. If you are thinking about purchasing and renting, or perhaps you are already doing so, there are some important things you should know to ensure your and your renters safety, as well as any potential liability you may have when renting:

  • Make sure to contact your insurance agent to include extra coverage for renters
  • Make sure to have the proper smoke and carbon monoxide detectors installed.  In Vermont photoelectric smoke detectors are need to be in every sleeping room
  • A rental property falls under Vermont State safety requirements, so you will need to have a Fire and Safety inspection. For more information go to the State website here: http://firesafety.vermont.gov/

Please feel free to contact us any time regarding any questions you may have about anything that may relate to investing in properties, and/or renting.  The Town of Stowe is in the process of adopting some of these, and additional rules and regulations, so we can update you as well as guide you through this process, along with providing any key contacts to ensure your property is up to code and regulation.

 

 

 

Price Reductions on These 2 Attractive and Affordable Homes

These 2 very appealing and affordable homes have just been reduced in price. 

138 South Marshall, Stowe VT | Now Asking: $385,000

This home, ideally located in Stowe, is a duplex which offers a great opportunity for anyone looking for an investment or to offset some carrying costs. The upstairs unit has a renovated kitchen and bath, new floors, appliances, paint, and offers tons of charm. There are three bedrooms on the upper level with a bright and sunny deck.  If you are looking for a home that has flexibility and additional options, including both long-term and short-term rentals, this property is an excellent opportunity.  The newly reduced price of $385,000 makes it additionally attractive.  For more on this property, click here.

 

169 Old Shady Lane, Morrisville VT | Now Asking: $340,000

For three seasons of the year, you can enjoy the porch here with its gas stove to keep you cozy in the fall, but stay cool in the summer with the screens open and the breeze blowing in. There is a master bedroom on the first floor with a fireplace, and a large bathroom with its own deck, adding to all this home has to offer. The open floor plan with living, kitchen, and dining make entertaining extremely enjoyable. There is a fireplace in the living room to add to the ambiance, and the outdoor patio looks over beautiful gardens. Easily accessible to Morrisville and Stowe, mountain bike trails and snowshoeing, right from the front door.  For more details,  click here.

Village Living in Stowe and Montpelier, Vermont

Stroll to the center of historic downtown Stowe from this charming village home. This prime location with Mt. Mansfield views provides for a desirable village lifestyle with easy access to all that Stowe offers, from shopping, restaurants, rec path, galleries, and more. Sip a warm cup of coffee while watching the morning sun paint Stowe Mountain Resort deep shades of pink; then enjoy an early morning walk on the Quiet Path and beyond.  For more information, including photographs and tour, click through here.

 

                    

 

The Residences at Hill Street, a new development located steps from historic Stowe Village, offer the best in classic Vermont farmhouse design with modern finishes.  Throughout each home you'll find attention to detail, modern kitchen features, garage, and more.  To find out more about these brand new homes and their special features, click through here.

 

This stunning, fully renovated 3 story carriage house is located in the heart of Vermont’s vibrant Capital. Every aspect of this former Mayoral residence has been lovingly restored by renowned Interior Architect Tinatin Kilaberidze and the current owners. This is a truly unique home in one of the nation’s most storied cities, and is within walking distance to shopping, dining, cultural venues and Vermont’s historic State House.  For more on on this charming property, click through here.

 

Comments

  1. No comments. Be the first to comment.

Market Update

                 Mountain Glen Drive, Stowe

 

The real estate market has been strong and consistent for years in our market area and beyond.  As our world has had to recently navigate the unexpected challenges and affects of Covid-19, there has been a great deal of uncertainty; and more than ever, people want to know what the state of the real estate market is.  As communities expand with re-opening, and some local and state restrictions have been lifted over past weeks, we have been able to begin to get a clearer picture.  Real estate continues to transact, and prices have been holding for the most part - in some cases even increasing. Three factors so far remain in tact - strong buyer demand, low inventory, and all-time low interest rates.  And although there have been fewer options for buyers to choose from, this is the time where more sellers will be listing their properties for sale, which we have already been seeing.

Despite challenges surrounding the ability for buyers to actually come to Vermont from out of state, and sellers being willing or not to have their properties shown, all parties have had to find ways to adapt.  Real estate agents have had to enhance their virtual property tours to enable buyers more visual opportunities to view and even purchase, with assistance from their agents.  As a result, we have been seeing more buyers becoming increasingly active, and properties going under contract at all price points.  In some cases buyers had not even physically seen the property.  As with pre-Covid, some sellers have been presented with multiple offers, a number of which have been for over the listed prices.  We have been monitoring the market more closely than ever, and have found over the past couple of weeks pending sales and closed sales in our market area have been robust - in all price ranges. Two weeks ago all 4 homes that sold, were on average, within 5% of the list price. 

Despite the ongoing need to adapt, including new protocols for showing properties (think masks and other safety precautions), we are optimistic that these consistent trends and consumers' resiliency will continue as we enter our busiest selling season of the year.  Be assured that our goal is to keep the public informed, and provide whatever assistance may be necessary, more often than ever during these changing times.

Comments

  1. No comments. Be the first to comment.

Real Estate Update

                 Stowe Hollow Road, Stowe

 

As we reported last month, the real estate market has been strong and consistent for years in our market area and beyond.  These past months have been anything but normal, and brought unexpected challenges as a result of a pandemic sweeping across our nation and the world.  For a time, there was a great deal of uncertainty; and now, more than ever, people want to know what the state of the real estate market is.  We are happy to report, that over just the last few weeks, we have seen life turning back to more normalcy, and real estate is in some ways coming back as strong as ever.  We continue to see an increase in overall sales activity, some of which has to do with more buyers being able to come to Vermont to view properties, now that additional state restrictions for travel have been lifted.  There has also been a collective effort and means to adapt to the current buying and selling conditions, which all parties have managed to navigate very well.

Each day we monitor the market very closely to keep everyone best informed and up to date.  What we are finding is that the market conditions and activity for our market area in general are very much comparable to last year at this time despite some of the operating challenges that still remain.

The sales data has revealed a very strong market over the last month, and in particular the last 7 days.  We've been seeing steady increases each week, but last week was the most significant so far since February/March. The increases were across the board last week, including closed and pending sales.  The number of overall closed sales was up in every area, and pending sales were up in Stowe and Waterbury.  There was only 1 pending land sale in Lamoille North. 

The number of days on market for the pending sales in Stowe was very low - between 4 and 22 for homes - the exception being the Mt Cabin condominium at Spruce Peak which was on the market for 165 days.  One of the homes had multiple offers, which has not been uncommon.  Buyer demand is very high.  The current number of pending sales overall in Stowe is 26 ranging in price from $155,000 for a condo to $3,700,000.  This is almost the same amount as last year during the same time period.  24 of those are residential, and 2 are land.  The median days on market for all is only 48, and the median price is $499,500.

Although there was only 1 pending sale in Lamoille North, there are currently a total of 34 pending sales, most of which are residential, 11 of those are land.  The median price  is $242,000, with a high of $695,000.

In Waterbury, the 5 pending sales is the highest amount seen there in months.  The number of closed sales was consistent with past weeks.  There is a total of 28 pending sales in Waterbury, mostly homes, with a median days on market of 71.  The median price is $372,500.

New inventory added was the highest in Stowe compared to past weeks and months, but this is typical for this time of year.  It remained about the same for Lamoille North and Waterbury.  There was no new commercial data to report in Stowe.

These statistics show a strong market overall, and buyer demand should continue. If you haven't had a chance, you can review our 1st Quarter Market Report on our website.  We will be preparing the 2nd quarter report at the end of June.

 

Comments

  1. No comments. Be the first to comment.