Just Sold: 3393 Garfield Road, Hyde Park

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This 2-bedroom, 1-bath home, has long been a special getaway for the Sellers and their now-grown children. With them grown and gone, it's just been sold to a family with young children who will enjoy it for years to come. It's situated on 5.24 acres, with a pond, and close to the Green River reservoir. The Master bedroom has a sleeping porch that overlooks the pond.

Can I help you find yours?
charlie@experiencestowe.com ☆ (802) 730-4343

The Coldwell Banker Carlson Real Estate Market Report

☆☆ January 30, 2018 UPDATE: the report has been reformatted to be more reader-friendly. Click on the link below to see the enhanced format. ☆☆

2017 Year-End Stowe Area Report
including Details for Stowe, Waterbury, and all of Lamoille County

Our 2017 Year-End Market Report uses market-wide data, based on transactions that closed in 2017 in our Multiple Listing Service; and, compares them to sales that took place during the same time period in 2016, providing the most comprehensive market analysis in the area.

Read the complete report here.

Call (802-730-4343) or write
with any questions or for more information

Vermont’s Day in the Sun

On a [recent] crisp autumn day, Craig Hogan landed at the Burlington International Airport in northwestern Vermont. The leaves set the surrounding countryside ablaze with red, orange, and gold. Across Lake Champlain, he caught a glimpse of the Adirondacks — a postcard-worthy picture of a sun-kissed New England fantasy. The Chicago-based vice president of luxury for Coldwell Banker Real Estate LLC was captivated by the rich scenery and people, who greeted his big-city tendencies with warm, free-flowing hellos.

Hogan was met by a cadre of local real estate experts from Coldwell Banker Hickok & Boardman Realty. Later, they met up with their Vermont counterparts at Coldwell Banker Carlson Real Estate in the fabled ski town of Stowe: broker McKee McDonald, and his mother, Peggy Smith, owner and broker. Both teams treated Hogan to a whirlwind tour of eight inspiring properties throughout their state, beginning first in Burlington at the lakeshore, then to Colchester and weaving up north to the island town of South Hero until they finally reached the mountains of Stowe. What followed was an eye-opening journey through Vermont’s most vibrant towns awakening to an influx of investment and new development.

[Burlington properties are not included in this blog entry]


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Stowe

When you think of the most luxurious and renowned ski destinations in the nation, Aspen and Deer Valley probably come to mind. If Stowe is also on your list, your awareness of the country’s skiing hotspots is impressive. This northern Vermont town is de rigeur, and increasingly attracting ski aficionados seeking premier mountain conditions. But, for real estate buyers looking to purchase homes in the area, the slopes are only the beginning.

“Stowe is unmatched on the East Coast in terms of the mix of luxury resorts in a quaint New England Village, world-class skiing, and year-round activities,” says McKee Macdonald of Coldwell Banker Carlson Real Estate. “While many people come just for the skiing, once they experience the other seasons, they realize how wonderful Stowe is year-round and often spend more time here in the summer than the winter. Stowe offers close proximity to Boston, New York, and Montreal and has direct flights from Washington, D.C., Chicago, Atlanta, and other major metropolitan areas on the east coast. In addition, this ski capital of the east is located in the heart of the craft-beer industry in Vermont; and, within an hour’s ride of Stowe, you can taste many of the top beers in the world as well as many of the top rated cheeses in the country.”

   3564 Weeks Hill Road   Stowe, VT, United States $ 1,975,000

3564 Weeks Hill Road
Stowe, VT, United States
$ 1,975,000

Key to Stowe’s recent burst in popularity is the $500 million investment now-former owner AIG Insurance made in the transformation of Stowe Mountain Ski Operations, and its subsequent purchase by Vail Resorts in Colorado. “The long-term projections of Vail’s investment in the ski resort will continue to enhance Stowe’s reputation as a world-class destination,” adds Macdonald.

Real estate in Stowe reflects the predicted luxury expectations of high-net-worth individuals, with upscale ski-in, ski-out condos, brand-new construction, and homes that feature a combination of old and new with historic elements and modern features among the popular trends. We mined the market to find some of the most unique and valuable properties for sale in Stowe.

   235 Lower Sanborn Road   Stowe, VT $ 1,950,000

235 Lower Sanborn Road
Stowe, VT
$ 1,950,000

A coveted neighborhood, gorgeous surroundings, impeccable privacy, and great entertainment potential bring four-season enjoyment to this spectacular Stowe property. This wooded estate that sprawls over 26 acres of pristine Vermont land features the ultimate in rustic luxury, inside and out. Gather in front of the brick fireplace and gaze out onto an amazing expanse of verdant green. The gourmet kitchen shares the serene vistas while offering a professional space for crafting gourmet meals. With 4,884 square feet including five large bedrooms, a bunk room, and a recreation room, this Stowe property can easily accommodate the whole family and any visiting guest coming in for a ski getaway.
 

   71 Sterling Ridge Road   Stowe, VT $ 1,495,000

71 Sterling Ridge Road
Stowe, VT
$ 1,495,000

Classic farmhouse architecture meets mountain chic in this idyllic Stowe home, which features views of the Green Mountains and Stowe Mountain Resort ski runs. Elegant interiors and abundant entertainment spaces embrace large gatherings, while the country kitchen with its professional appliances including a double Viking range can accommodate even the most particular chef—and palate. With five bedrooms, six and one-half baths, and 10,147 square feet, this residence features a gracious space for everyone, including a sumptuous master suite that overlooks Mt. Mansfield and a charming wood-paneled bunk room.

Overlooking a bounty of trees just reaching their peak of colorful splendor come November, this private view estate is the quintessential mountain property. Flanked by extensive wood and stone, with large windows to take in hillside vistas, the home also features well-designed interiors with six bedrooms in 5,442 square feet. A gourmet kitchen, spacious new living room with fireplace, and magazine-ready bathrooms provide contemporary touches that complement the home’s distinctive architecture. A private setting with a babbling brook, swimming pool, tennis court, and screened-in porch make it hard to leave, while the easily accessible location puts all the best of Stowe within reach.


Can I help you find yours?
Call or write for more information; or, to arrange to see these properties
(802) 730-4343 / send me an eMail

To read this complete blog article with Burlington properties included,
visit the Coldwell Banker Global Luxury Blog
 

Sold in Stowe, Vermont!

I'm pleased to show you this home in Stowe, VT that I sold, last week, to a family from New Jersey. From a private 5+ acre setting with 2 ponds, the views of the Worcester Mountains to the east are spectacular. This 3-bedroom, 2½-bath home has more a than 3,00 square feet of living space plus an attached 3-story barn/garage. The house sits at woods-edge with two fenced-in meadows at the front and side. Just about equidistant to Stowe Village and Stowe Mountain Resort.

Can I help you find yours?
charlie@experiencestowe.com ☆ (802) 730-4343

New to Market in Hyde Park: 3393 Garfield Road

A Special Getaway in Hyde Park, Vermont

2 Bedrooms, 1 Bath, 5+ Acres, Pond ✭ $139,000

Click here to see the complete listing.

Can I help you find yours?
charlie@experiencestowe.com
802.730.4343

The 15 best US states for first-time homebuyers

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by Tanza Loudenback, Business Insider Mar. 1, 2017, 3:10 PM

Vermont comes in at #9

The narrative that millennials are eschewing all of the traditional habits of their parents is simply a myth, particularly when it comes to homebuying.

In fact, 65% of millennials still consider buying a home part of the American Dream, more than any other generation.`

But burdensome student loan debt, high rent prices, and low wages are affecting their ability to save up for a down payment, contributing to the lowest homeownership rate in the US in decades.

Still, these factors vary across cities and states, and there are some places where it's more attainable for first-time buyers to enter the market.

New data from Bankrate discovered how first-time homebuyers fare in all 50 US states considering five factors:

  • Housing affordability: percentage of median household income for 25- to 44-year-olds that goes toward mortgage payments (using the median sale price)
  • Entry-level job market: five-year average unemployment rate for 25- to 34-year-olds
  • Market tightness: growth in housing stock from 2010 to 2015 and the percentage of homes for sale
  • Credit availability: percentage of home loans rejected by credit lenders
  • Millennial homeownership rate: percentage of homeowners under 35

Bankrate weighted each category equally to determine its ranking. States in the Midwest and the non-coastal West proved to be the most accommodating to first-time homebuyers, while California, New York, and Hawaii are the toughest states.

Click here to check out the 15 states where it's easiest to become a homeowner.
Click here to jump right to Vermont.

The metrics included below were all used to calculate Bankrate's ranking, with the exception of median home value, which was sourced independently from Zillow.

For Sale: A Very Private and Convenient Stowe Location

December 10, 2016: This home is now under contract after only 13 days on the market! ☆ Can I help you find yours?

My newest listing went live yesterday. See the photos here:

See the details here.

Can I help you find yours? Call (802-730-4343) or write.

Selling? How to get ready for a showing in 10 minutes or less!

8 tips to help homesellers prep on the fly


by Leigh Brown - May 27, 2016

 

Key Takeaways

  • Be sure to eliminate any clutter around the house -- even if you have to hide it like a little kid.
  • Take out the trash, and stash the laundry.
  • When you're selling your house, it's crucial to leave during a showing to let the buyer's agent work.
I know! The worst part of selling your home is showing it! Here are some tips to get the biggest items covered so you can get out of the way and the buyers can make a great offer! We love our successful sellers and want YOU to be successful too!

Read the complete article by Leigh Brown, at Inman.com

Leigh Brown is a full-time residential Realtor, speaker, coach and smartass. She works in the Charlotte, North Carolina, market with Re/Max Executive Realty and can be reached @leighbrown on all networks.

Buyers Need to Be Ready for Some Competition

DAILY REAL ESTATE NEWS | FRIDAY, APRIL 01, 2016

The spring housing market is heating up and demand is high across the country. Some would-be buyers who were outbid last year or couldn’t find a home to fit their needs are returning this spring. They’re more determined than ever to buy too.

But the competition will likely be steep again this spring.

“Would-be buyers face a dilemma: There will be more homes on the market over each week of the next three to four months, but there will also be even more prospective buyers,” says Jonathan Smoke, realtor.com®’s chief economist. “We are entering the busiest season of home buying with the lowest amount of inventory in three years. To be competitive, buyers should get pre-approved for a mortgage and be ready to act quickly if they find a home that meets their needs.”

The median list price nationwide continues to inch higher and some markets are seeing long-awaited increases to inventories, although those increases been slight, according to realtor.com®’s latest housing report.

“Listings are growing as they normally do this time of the year, but because demand has been growing faster than supply, homes are selling faster,” says Smoke. “So the monthly trend is the normal seasonal pattern, but the year-over-year decline is reflective of demand being stronger than supply for more than a year, which is resulting in fewer homes available and faster-moving inventory.”

The median list price for March is $238,000, up 3 percent from last month and 8 percent higher than a year ago, according to realtor.com®’s preliminary analysis of this month’s data.

This month, there were 3 percent more homes for sale compared to February. The extra inventory is a welcome sign for buyers, but inventories are still 2 percent below what they were a year ago. That means the inventory crunch is still plaguing many housing markets.

Due to these limited inventories, home sold faster in March, spending a median of 77 days on the market. That's 20 percent faster than last month and 13 percent faster than a year ago, according to realtor.com®’s housing report.

Also, showing demand is strong, realtor.com® says its preliminary analysis of site traffic data shows that it likely grew 20 percent in March over last year, and there were 40 percent more searches for houses on the site than a year ago.

Source: “America’s 20 Hottest Real Estate Markets in March 2016,” realtor.com® (March 30, 2016)

Sold in Stowe, VT

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I recently sold a Lodge Condominium at Stowe Mountain Resort to a couple from Connecticut who had been to and skied at Stowe. But when their summer vacation plans last year took them to Burlington, they decided to take a day trip to Stowe. And, the rest, as they say, is history. Now, they'll be planning day trips to Burlington, if they can tear themselves away!

Can I help you find yours?
write or call 802-730-4343

Why Did Home Sales Drop So Dramatically Last Month?

Yesterday, the National Association of Realtors (NAR) released their latest Existing Home Sales Report which covered sales in November. The report revealed that sales:

“…fell 10.5 percent to a seasonally adjusted annual rate of 4.76 million in November (lowest since April 2014 at 4.75 million)…”

That revelation gave birth to a series of industry articles, some of which quoted pundits questioning whether the housing market was slowing. In actuality, there is one rather simple explanation to much of the falloff in sales last month. It is likely the implementation of the “Know Before You Owe” mortgage rule, commonly known as the TILA-RESPA Integrated Disclosure (TRID) rule, which went into effect on October 3. These regulations caused house closings to be delayed by an extra three days in November as shown in the graph below.

 

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Three days might sound like a minimal difference. However, since there are only approximately 20 days in a month that a closing would normally take place (Mondays through Fridays), losing three days constitutes well over 10% of all closings. These sales are not lost. They are just moved into the next month’s numbers. In a DS News article on the subject yesterday, Auction.com EVP Rick Sharga explained:

“The most likely cause for the weak sales numbers is a delay in processing loans due to the new TRID mortgage requirements imposed by the CFPB. This is the biggest change in mortgage document processing in many years, and there have been numerous reports within the industry of problems implementing the process and the new documentation that comes with it.”

So how is the housing market actually doing?

A better way to look at how well the housing market is doing is to look at the Foot Traffic Report from NAR which quantifies the number of prospective buyers that are actively looking for a home at the current time:

A better way to look at how well the housing market is doing is to look at the Foot Traffic Report from NAR which quantifies the number of prospective buyers that are actively looking for a home at the current time:

We can see immediately that demand to buy single family homes is increasing over the last few months - not decreasing.

Bottom Line

No matter what last month’s sales numbers show, the housing market is still doing well as demand remains strong.

Just Listed in Hyde Park Village

Country living in a village setting!

 

This renovated and now like-new 2004-built (see attached list of improvements) farmhouse is on the main street of one of Vermont's most quintessential villages.

Spacious single-level living with an open-floor plan, and a wood-burning stove that warms the west wing: kitchen, guest bedroom, dining, & living rooms. Red-birch floors, custom kitchen cabinetry (new dishwasher, range, and refrigerator), and fine woodworking details throughout.

Super-sized exercise /rec /family room. Large ¾ bath and laundry room (new washer & dryer) with new cabinets & built-in shelving. Walk-up attic could be finished with additional living space and is plumbed for a third bathroom.

Basement renovations and improvements are extensive, and include new footings and retaining walls, new high-efficiency Rinnai heating system & hot-water heater. See new basement walk-out in photos. Owner's shop is in the attached 2-car garage. Raised-bed young edible gardens. Municipal water & sewer.

$ 315,000 ☆ See the complete MLS #4449693 listing here.

Can I help you find yours? Write or call 802.730.4343