2016 1st Quarter Real Estate Update

2016 Sunrise Service

The Market at a Glance

The national pundits are expecting the best real estate year in a nearly a decade, and our regional market is showing signs of promise as well.  In our regional market there are similar indicators, especially with regard to single-family homes in Stowe, and the corridor from Waterbury through Lamoille County – recently identified as one of the fastest growing counties in Vermont. Inventory is shrinking and interest rates remain affordable — it would be terrific to move from a stable market into an appreciating market… only time will tell!

Highlights

Lamoille County

  • Single Family Residential sales in Lamoille County are up 40% YTD by units sold and up 52% by dollar volume
  • Condominium sales and land sales by units sold are both down YTD, 11% and 33% respectively.

Stowe

  • Single Family Residential sales in Stowe are up 43.7% YTD by units sold and up 40.89% by dollar volume.
  • Condominium sales and land sales by units sold are both down YTD, 37.5% and 80.2% respectively.

A More In-Depth Analysis

 

First quarter single-family residential sales are consistent with expected growth based on regressive modeling results…  Ultimately, this data is in line with the long standing tenet that Lamoille County and Vermont experiences neither the peaks or valleys seen nationally.
Condominiums have shown a slight reverse from last year, in part due to a shortage of condominium inventory; another contributing factor could be the few number of lenders willing to lend on ‘condo-tels’, which make up a good portion of the Stowe condominium inventory.

~Real Estate Updates~

New to MarketMain photo - adjusted

Lovely Stowe Residence
74 Homestead Ln. Stowe, VT

MLS 4481593

Perched under Stowe Pinnacle and Putnam State Forest in Stowe Hollow, this lovely home provides all sorts of potential for year round fun. A sparkling in-ground swimming pool and spacious front lawn, as well as close proximity to Stowe’s hiking and biking trails, and Stowe Mountain Resort just minutes away make this home a paradise for recreational enthusiasts.

 


 

New to MarketLarge Backyard

 

Waterbury Townhome
60 Homestead Ln. #3B Waterbury, VT

MLS 4480064

Perfectly positioned to take full advantage of the sunlight throughout the year, this large 3,070 sq. ft. townhome feels bright and spacious with the open concept floor-plan and gracious windows. Minutes from I89 in Waterbury and 10 minutes from Stowe, this is a convenient, yet private setting with a large level yard…

Capture5


New to Market

Colonial in Elmore

358 Elmore Knolls Elmore, VT

MLS 4479846

Sitting up along the Worcester Range and Putnam State Forest, this contemporary colonial home with post & beam styling and a high level of fit and finish offers 2.9 acres in a secluded mountain setting, while still being within a 10 minute drive from of Stowe and 5 minutes Morrisville.

 

Village Green 14D


New to Market

Village Green at Stowe Condominium
Village Green unit 14D

MLS 4477260

This charming townhouse is ready to enjoy! Minutes from the slopes, across the road from the golf course and on the Stowe bike path, it is convenient and accommodating. With two bedrooms on the main floor and a third loft-bedroom with privacy screens, it has two full baths and offers 1350 sq. ft. of living space.


Price Reduced

The Lodge at Stowe

Mountain Lodge Condo #28

MLS 4150336

Ski in ski out! Renovated, fully furnished and equipped end unit with wood-burning fireplace. Two levels, two bedrooms and two baths. Beautifully finished with ceramic tile in the entry and kitchen, hardwood floors in the living and dining rooms, and newer appliances.


 

Price ReducedWool facebook ad2

1149 Walton Rd. Morristown

 

MLS 4428068

Enjoy all Vermont has to offer from this private enclave in the hills of Morristown, Vermont. Barn board floors, a central hearth, rustic hardware, a quaint barn, and a private pond all create the feeling of being tucked away in your very own Vermont country home.


Featured Real Estate Video

240 Taber Ridge Rd. Stowe, Vermont

Learn More 

Address & Phone
The Bateman Group
Pall Spera Company Realtors LLC - Village Office
P.O. Box 1108
Stowe,, VT 05672
802.371.8777
Map Location
Contact By Email

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