Blog :: 05-2020

New Listings in Stowe, Vermont

    

 
 

This beautiful and immaculate home with exceptional landscaping and grounds will satisfy all your summer and year-round desires. From the moment you arrive, you will see how well this property has been loved and cared for. Surrounded by windows and sunlight, the interior is as welcoming as it is finely designed. The main living area, kitchen and dining rooms and master bedroom suite all look out on to the deck, vibrant open yard and landscape. The lower walk-out level has everything for entertainment, indoor recreation, and additional space for guests.  For more information and photos, you can go here.  $899,999

 

 

     

Mountain chic with stunning views of Mt. Mansfield.  This exceptionally charming home with a professional decorator’s flair, is one you may not want to leave.  Every room is so comfortable and cozy, you’ll be the envy of your friends and guests. The deck is as inspiring for outdoor living where you will take in all the surrounding beauty including wide open lawn, breathtaking Mansfield views and vibrant sunsets. Very conveniently located, this year-round mountain home is ready for you to move into and enjoy.  For more information and photos you can go here.  $585,000.

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Spectacular 74 Acre Land Parcel in Stowe, VT

74 acres on West Hill, Stowe, Vermont

    

Escape to your own private sanctuary in Stowe.  Enjoy all the benefits of this spectacular 74 acre property, all year long.  Located in an exceptional part of town, this gorgeous property features a lovely mixture of open meadow, mountain views, woodland areas and pond. Highlighted by southern exposure and views of Camel`s Hump and the Worcester Mountain Range, there are multiple opportunities for either a gorgeous estate property, a family compound, or multiple home sites, currently approved for 3 separate lots. Additional attributes include easy access to trails, recreational opportunities, and ability to enjoy myriad Stowe amenities.  For more information on this one of a kind property, click through here.

Real Estate Market Update

 

There have been many questions surrounding the reality of Covid-19 affecting our communities and businesses, including real estate.  One of the most commonly asked questions is “how is the real estate market”.  Since our Q1 Market Report, everyone has wondered about any potential effects. 

Market activity has increased since some of our operating restrictions were lifted by the state on April 20, which now allows us to show properties, albeit with required procedures.  Despite that, buyer demand has been very strong, and inventory is still very low.  This presents buyers with a potential new challenge which includes the ability to come to the Stowe area to view houses, since anyone traveling from out of state has to quarantine for 14 days before interacting with anyone.  For some, FaceTime and virtual tours have enabled some buyers to make decisions about purchasing a property, which we’ve seen take place since April 20.

Here are some sales statistics from the past week which provide an overview of current market conditions:

  • There were 4 residential home sales in Stowe last week, which is higher compared to previous weeks
    • The average sale price of these properties was only 5% less than the listed prices
  • There were 6 pending sales in Stowe over the past week, a number not seen since the beginning of March: 2 condominiums and the remainder, homes, ranging in price up to $1,975,000. 
  • There were only 2 new residential listings added: 1 house and 1 condominium
  • Commercial activity increased as well, with 1 new listing, and 1 pending sale
  • Sales activity was very similar in Lamoille North, and in Waterbury

It continues to be a good time to sell; as well as a good time to buy, with interest rates being the lowest seen in memory. We continue to monitor the market very closely, and will post updates periodically to keep everyone informed during this time.

 

 

 

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