Meg Kauffman

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