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Habitat for Humanity in Morrisville, Vermont

Did you know that Green Mountain Habitat for Humanity is currently building a home for a family in Morrisville, Vermont? It is located on Mayo Road, off Tamarack Hill. There are certain days whereby work day projects are organized, so the home can be completed in time for the new family to move in.

The mission of the Lamoille County chapter of Habitat for Humanity is to improve the lives of families in our community through constructing simple, decent, affordable houses in partnership with families who currently live in unfit, indecent, conditions and have no possibility of obtaining a home through conventional means.

They are always looking for volunteers, so if you would like to get involved, and hammer a nail or two, go to Habitat for Humanity, or call 802-870-0990. No Experience Required, and there is a manager onsite to guide you in the right direction! A group from our office has gone on more than one occasion, and it was amazing to see how much we were able to accomplish. And, it is a lot of fun! The Lamoille Area Board of Realtors has organized a team build day, May 16th, from 9:00 a.m. to 3:00 p.m.

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Stowe Real Estate Market Report 1Q 2014

Real Estate Market Update

Vermont is finally showing signs of spring beginning to emerge after a very cold and snowy winter. While thoughts transition from winter activities, to dusting off the bikes and gardening tools, some are still skiing in the back country and on the slopes. Buds will soon begin to blossom, as we expect the real estate market to do as well. Weve had an extremely busy winter with sales; and projections indicate continued growth. Vibrancy continues in the village of Stowe as well, with the new restaurant Plate, and what is reported to be a new store keeper at Lackeys. The 1st quarter of 2014 can be characterized as one showing another marked increase in residential sales especially compared to the 1st quarter of 2013. The number of home sales was up 60%! That is the most significant increase weve seen since 2010, which at that time was around 27%. A continuation of consumer confidence, buyer demand, low interest rates, and decline in inventory, are among the contributing factors. Residential inventory continues to decrease - down 11% - which represents a 10 month supply which is 44% lower than the 1st quarter of last year. The median and average residential sales prices soared 71% and 41%, respectively.

Stowe 1st Qtr 2014 - Residential Line Chart

Condominium sales show continued strength as well - up 20% in the 1st quarter. The amount of inventory of this category decreased as well, down 32%, leaving a 17 months supply. There was little change in the median and average sales prices.

As for the land category, despite the inventory dropping 16%, there was no increase in the number of sales. We believe we may have a bit more interest in land this spring and summer though, since land prices and residential inventory have both dropped. Main Charts Line Charts Below you will see an interesting change in the selling price segments of the market. The shift has been trending more toward home sales in the $500,000 - $1,000,000, rather than under $500,000. The former price category has been increasing since the beginning of last year. At this time last year 73% of the home sales were under $500,000; and 20% were between $500,000 - $1,000,000 . The $1,000,000 - $1,500,000 dropped a little to 4%, from 7% last year at this time; as well as the last quarter of 2013. Pie Chart In the same categories, the chart below shows the relationship of sales price to list price. sold to list price Outside of Stowe, the rest of Lamoille County saw an increase in residential sales in the 1st quarter as well - up 38%. This mirrors the increase seen when comparing the last quarter of 2013 to that of the year before. The median sales price increased 8%, and the average 32%. The Inventory dropped even more significantly than Stowe - 27%. The number of Land sales was just 1 less, and the amount of inventory there remained almost unchanged. The majority of the home sales, 53%, were under $200,000. Lamoille 1st quarter 2014 main chart Further evidence of the Waterbury residential market continuing to be a tight one was highlighted by the consistent amount of low inventory seen there. Residential sales increased a small amount. Although the median price increased 23%, the average slipped 28%. Land sales in Waterbury increased slightly as well; and as seen in all other categories, inventory dropped there too - 21%. A decrease in inventory is a trend we are watching which could eventually lead to an uptick in pricing, as has been seen in other parts of the country. Our market, in general, usually trends behind other markets, particularly areas with larger populations and demographics. Waterbury 2014 main charts In other news, we are proud to share, that our office was recently awarded the #1 Coldwell Banker office in sales, of its size, in the northern region comprised of 19 states. Additionally, we were awarded the #4 ranking, nationally. Budge Huskey, President and CEO of Coldwell Banker said of our office: Like Stowe itself, Coldwell Banker Carlson Real Estate is unique and grounded in the concept of quality first. We look forward to another busy year of assisting our buyers and sellers with marketing, purchasing and sales; and based on the activity we have already seen this first quarter, we are confident that the market will continue to improve. If you have any questions about this report, or would like any additional information or statistics, please feel free to contact me at anytime. Sources: NNEREN.com

Enjoy

Enjoyed an amazing weekend on the mountain at a friend's ski-in ski-out condo. Imagine yourself in one of these beautiful mountain homse?

Ten Years in Stowe

It was ten years ago this Spring that my husband and I decided to move to Stowe. Having spent a few years on the west coast in Marin County, California and then the south shore of Boston in Duxbury, Massachusetts we decided it was time to settle into a community where we wanted to raise our children. To us, it was all about finding a place that reflected our lifestyle in a community which shared our love of the outdoors. We arrived in Stowe in mid-January and looked at 3 or 4 homes and settled on one in the village (a serious fixer upper but has grown to be a labor of love.) Within just a few days of moving in we began meeting friendly faces at the local market and the community playgroups. We were in awe of the friendliness and it soon became clear to me that people choose to move to Stowe because this is not your average town. People share a passion for the environment, and are committed to fostering a community with amazing schools and an abundance of cultural opportunities. When you ask people what did you do today? you are expecting a response that would typically involve something activeskiing, hiking, biking, or all three. Stowe is a special place that I feel so privileged to have the opportunity to raise my children here. I enjoy sharing my wonderful experience with others who are considering making the move or investing in a second home in Stowe. Stowe is a community that offers something for almost everyone, whether you are nearing retirement, a first time home buyer, or somewhere in between, if you think you might enjoy a community based mountain town, you should consider Stowe. Contact me if you have questions about buying a home in Stowe VT.

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