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Stowe Land Trust Celebrates 32 Years Of Conservation

Stowe Land Trust will be celebrating conservation and community on Sunday, September 22nd from 2-5 pm.  SLT's Annual Meeting will be located in a field on Tamarack Road, looking out to the most recently conserved 750+ acre Brownsville property.  There will be outdoor activities for all, music by the Sugardaddies and Maple Run; and in addition there will be the business part of the meeting which will include a renowned speaker, Dr. Aron Steward, who is a psychologist with expertise in violence prevention and health & wellness.  She will talk about the therapeutic power of birds, and how we all thrive in nature. 

For additional information, including the agenda, you can go here.

 

Real Estate Market Update

As summer begins to wind down, and we close in on the end of August, we are beyond the mid-point of the year, and the real estate summer selling season.  And, although our mid-year market report was published recently, buyers and sellers find it helpful to have periodic updates in between our quarterly publications.  There are many factors that influence real estate sales, but overall, real estate market activity remains consistent.  The following is an update on recent sales activity in the Stowe and Waterbury area.

July 1 to August 21

7 Stowe homes sold up to $600,000

5 Stowe homes sold over $600,000

9 Stowe homes under contract up to $600,000

7 Stowe homes under contract over $600,000

3 Stowe Condominiums sold

9 Stowe Condominiums under contract

11 Waterbury homes sold up to $600,000

1 Waterbury homes sold over $600,000

11 Waterbury homes under contract up to $600,000

2 Waterbury homes under contract over $600,000

If you have any questions, or would like any more detail or information about any of the above, please feel free to contact me.

 

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New Listings in Stowe and Waterbury

The following are exceptional, luxury, and affordable homes, recently listed in Stowe and Waterbury.  For more information on any of these homes, click on the photographs.

 

Located on Taber Hill, this luxury home is distinguished by its exceptional features, and breathtaking views of Mt. Mansfield and Stowe, serving as either the perfect and exciting weekend getaway, or otherwise, lovely year-round country home.  5.86 acres, $1,750,000.

 

This newly built and custom crafted home with light filled rooms, hand hewn beams and state of the art kitchen, will satisfy the most discerning.  Spectacular views all around, and 15 acres on Covered Bridge Road.  $1,495,000

 

This classic Vermont farmhouse has so many wonderful features inside and out.  Nature's finest is right outside the french doors from living room or master bedroom, including a pond with dock, and gardens. Lots of room for family and guests.  $875,000

 

Located in the best of Stowe Hollow, this gorgeous home is surrounded by beautiful grounds and gardens. Recently renovated, inside and out, you'll find everything you need for your desired lifestyle, year-round or seasonally.  3 levels of living.  $795,000

 

Ideally located in one of Waterbury's most attractive areas this unique farm-like property is highlighted by 8 acres of meadows and gardens to roam, and surrounded by views of Mt. Mansfield, Camel's Hump, and the Worcester Range.  $595,000

 

This attractive and recently renovated home is fully furnished and affordable.  Conveniently located with easy access to Cady Hill Forest which has some of the area's best mountain biking, hiking and running trails.  4 bedrooms, bright and modern.  $395,000

 

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Brownsville Forest Update

Stowe Land Trust is getting closer to preserving Brownsville Forest - a one of a kind property consisting of 750 acres including one of the most important and beautiful forest areas in the town of Stowe.  In addition to the very generous donation of $5 million from an anonymous donor, Stowe Land Trust is seeking to receive a total of 750 donations from our community in order to receive $75,000 toward the overall fundraising effort, from a group of land trust supporters which will double the financial impact of each donation!  So far Stowe Land Trust has received 243 donations to date and is therefore in need of a little over 500 more.  There are many fundraising efforts in process which will soon increase the total needed. To learn more about the Brownsville Forest project, you can go here.  If you would like to make a donation, you can access the secure form here.

 

 Source: Stowelandtrust.org Photo taken at the Brownsville evening walk event, Friday May 17th.

$5 Million Dollar Donation for Conserving 750 Acres

What has been elusive for decades, may now become a reality - the conservation of 750 acres in the Brownsville area of Stowe, know by many as the Story Land. 

Stowe Land Trust has received $5 million from an anonymous donor meant to go toward the purchase of this unique and stunning property, which was listed for sale at $9.95 million last August. The donation which was made through The Vermont Community Foundation is the largest in the Foundation's 33 year history.

If SLT is successful in raising the remaining 10% of acquisition costs plus project expenses and a contribution to its stewardship endowment, totaling $750,000, Brownsville Forest will be its largest land purchase for conservation since it was founded in 1987. 

The property is currently owned by the niece and nephews of the late Genevieve Story whose husband purchased the land for her as a wedding gift in 1950. The children remember coming up to visit their aunt, Ms. Story, and their grandmother who spent every summer in Brownsville. They have fond memories of taking walks down Brownsville Road to enjoy the views, marveling at wildlife, and picking raspberries by the beaver ponds. Through the years, Ms. Story allowed people to enjoy the property for  hunting, horseback riding, mountain biking, cross country skiing, walking and more, but over the past few years the property has been posted.  When the conservation of Brownsville Forest has been accomplished, public access will then be secure for the community to enjoy in perpetuity.

For more detail and information on this incredible, once in a lifetime conservation opportunity, you can go to the Stowe Land Trust website.  To make a donation to the project you can go here.

Source: Stowelandtrust.org

Mountain Cabin For Sale at Spruce Peak

122 Nosedive Drive, Stowe, Vermont | $1,999,000

Luxury living at The Mountain starts here.  This exceptional Mountain Cabin at Spruce Peak is a winning combination of convenience and the ultimate 4-season Stowe lifestyle. Resort living here features an endless amount of adventure and amenities right outside your door, including arguably the best skiing and riding in the east. There is something for everyone at this world class resort, all year-round. The ice skating rink is the centerpiece for social and family fun, or The Adventure Center offers exciting options including a climbing wall and summer camp for kids. If you’d rather enjoy the spa, or go shopping, it’s all just steps away. Summer activities include golf on the epic mountain course; and you could take in a performance at the acclaimed Performing Arts Center, afterwards. If you’d rather just rest and relax in your luxurious mountain home looking out at Mt. Mansfield, there’s so much to enjoy including enough space for everyone to be comfortable, 2 fireplaces, and custom kitchen. Even though the mountain breezes will keep you cool in the summer, there is air conditioning, just in case. As a result of Vail Resorts ownership of The Mountain, you have the ability to purchase the affordable Epic Pass, which allows you to embark on a ski adventure outside of Stowe to locations such as Park City, Vail, Beaver Creek, and many more.


 

A Time For Giving

A Time For Giving

In an effort to help support our local food shelf, we invite you to join us this holiday season, to donate to the Lamoille Community Food Share.  LCFS is always in need of food donations, as well as monetary contributions.

Feel free to drop off either of those to our office, and we will make sure they receive.  If you would rather send a monetary donation directly, you can send to: LCFS, PO Box 173, Morrisville, VT 05661.

Alternatively you can donate online here.  For their wish list of food items, you can go here.

Thank you for your interest and generosity, and we wish you the very best for this holiday season.

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The Mountain Scheduled to Open Friday, November 16!

Stowe Mountain Resort reports that opening day will be Friday, November 16th!  Snow making is underway, and skiing and riding should be great, since snow is forecast leading up to the opening.  Other Epic Pass resorts are opening as well, like Breckenridge and Keystone.  Many Colorado ski areas have already received up to 4 feet of snow.

If you haven't bought your Epic Pass yet, you can still do so before Nov. 18th.

For more information on opening day and Stowe's opening day celebration you can go here.

 photo credit: Stowe.com

Q3 Market Report

After a long beautiful and busy summer, the real estate market remains strong with continued buyer demand.  Low inventory remains a predominant theme, whereby the number of MLS listings hit a 3-year low.  This has caused many buyers to compete with others for a scarcity of housing choices, driving prices up in some cases.  The median price for home sales in Stowe for instance rose again significantly for the third year in a row, topping out at the end of Q3 at $620,000.  This is an increase of 11 % as compared to Q3 2017.  Some wonder if buyers might be reaching a threshold for what they might be willing to pay for a home.  Other housing markets in different locations around the country are starting to slow down as a result of these factors.  Interest rates have been on the rise, and have recently hit a 7-year high of 5.0%.  Thankfully we have not yet seen this negatively impact buyers.

Home sales in Stowe, and the rest of Lamoille County were up at the end of the first 9 months of this year.   Home sales in Stowe rose 13% in Q3.  In addition to the median price being way up, the average sales price for homes in Stowe had an unusual jump, due to a $10,500,000 sale.  This sale represents the highest priced residential sale in Vermont in years.  At the end of Q3, there were 13 pending home sales which is down from a total of 20 a year ago during the same time period.  The average days on market for homes prices under $500,000 was 70, and sales between $500,000 and $1,000,000 were on an average of 138 days.  Sales up to 1 million dollars sold only 3% less than the listed price, which has tightened over the last few years.

For more information and detail on the Stowe market conditions and the surrounding area, you can visit my website for our comprehensive Market Report. 

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Leaf Blower and Trapp Marathon - Fall Events in Stowe, VT

    

Fall in Vermont is the best time for outdoor activities.  There are 2 great, fun events coming up in Stowe, the first two weekends in October.  On Saturday, October 6th,  Stowe Trails Partnership (formerly Stowe Mountain Bike Club) will co-host the Leaf Blower Mountain Bike Festival, with MTBVT.  This is an all day mountain bike celebration including group rides for all ages and abilities, vendors, home grown food, and local craft libations.  This year the event will be staged out of Ranch Camp on the Mountain Road, where rides will disburse all over town.  For more information about this popular annual event you can go here.

On Saturday, October 13th, Trapp Family Lodge will be hosting a fun marathon, and half marathon trail run on their trail system.  This challenging event will cover their network, taking you on some of the most beautiful trails around.  For more information on this annual event you can visit Trapp’s website:

These are two great recreational opportunities where fall foliage viewing is likely to be at its best.  Also, a place and time to connect with friends and community, and celebrate this gorgeous season, upcoming.

Source: Stowetrails.org, trappfamilylodge.com