Stowe Vermont Real Estate
Stowe, Vermont is a four-season resort ski town. Like many resort towns, Stowe has a lot of vacation and second homes. We have a full time population of about 4,500 people, but at certain times of the year, our population swells with skiiers, leaf peepers, craft and art fans, antique car show buffs, or just folks from the "big" cities such as NYC, Boston, or Montreal who want to slow down and enjoy the beauty of a New England small town.
But also like many resort towns, the sale of real estate has been slowed down by the recession. 2009 has seen an increase of real estate inventory and a decrease in sales. However, August has seen activity from buyers that we have not seen in awhile. The Realtors® are busy showing homes again! We are even seeing multiple offers again. Although the current sold numbers don't show a dramatic gain, there are currently 10 homes under contract - 4 of which are over $500,000. So far, from Jan. 1, 2009 through August 1, 2009 the Average List Price of homes sold was $588,357 which is higher than 2008. The average Sale Price of homes sold was $521,000 - a bit lower that 2008's $535,000.
CHART - Stowe, Vermont Homes Sold between January 1, 2009 through August 1, 2009
CHART - Stowe Vermont Homes, Condos and Land for Sale - Inventory
It "feels" like the Stowe market it starting to pull out of the slump. If you have been thinking about buying here, this may be a good time to become a buyer. There are some good buys. Just so you know, Vermont has the lowest foreclosure rate in the country, so don't expect to to steal properties, but there are some motivated sellers and well priced properties. Check out the links below for properties for sale in Stowe:
Stowe Vermont Homes for Sale
Stowe Vermont Condos for Sale
Stowe Vermont Land for Sale
Stowe Vermont Commercial Properties for Sale
Stowe Vermont Multi-Unit Property for Sale
Stowe's neighbor to the North, Morristown, continues to have a relatively strong and healthy market. See my report:
Morristown Vermont Real Estate
Stowe's neighbor to the South, Waterbury, also continue to have a relative strong and healthy market. See my report:
Feel free to contact me for more information about the real estate market in this area. I'd be happy to meet with about listing your property or show you properties.
Sincerely,
Teresa Merelman Broker
ABR, CRS, e-PRO, GREEN
Stowe Realty
Stowe, Vermont 05672
(802) 253-8484 - Office
(802) 793-5171 - Cell
Teresa@StoweUSA.com
www.StoweUSA.com
Stowe Vermont Real Estate
Stowe, Vermont is a four-season resort ski town. Like many resort towns, Stowe has a lot of vacation and second homes. We have a full time population of about 4,500 people, but at certain times of the year, our population swells with skiiers, leaf peepers, craft and art fans, antique car show buffs, or just folks from the "big" cities such as NYC, Boston, or Montreal who want to slow down and enjoy the beauty of a New England small town.
But also like many resort towns, the sale of real estate has been slowed down by the recession. 2009 has seen an increase of real estate inventory and a decrease in sales. However, August has seen activity from buyers that we have not seen in awhile. The Realtors® are busy showing homes again! We are even seeing multiple offers again. Although the current sold numbers don't show a dramatic gain, there are currently 10 homes under contract - 4 of which are over $500,000. So far, from Jan. 1, 2009 through August 1, 2009 the Average List Price of homes sold was $588,357 which is higher than 2008. The average Sale Price of homes sold was $521,000 - a bit lower that 2008's $535,000.
CHART - Stowe, Vermont Homes Sold between January 1, 2009 through August 1, 2009
CHART - Stowe Vermont Homes, Condos and Land for Sale - Inventory
It "feels" like the Stowe market it starting to pull out of the slump. If you have been thinking about buying here, this may be a good time to become a buyer. There are some good buys. Just so you know, Vermont has the lowest foreclosure rate in the country, so don't expect to to steal properties, but there are some motivated sellers and well priced properties. Check out the links below for properties for sale in Stowe:
Stowe Vermont Homes for Sale
Stowe Vermont Condos for Sale
Stowe Vermont Land for Sale
Stowe Vermont Commercial Properties for Sale
Stowe Vermont Multi-Unit Property for Sale
Stowe's neighbor to the North, Morristown, continues to have a relatively strong and healthy market. See my report:
Morristown Vermont Real Estate
Stowe's neighbor to the South, Waterbury, also continue to have a relative strong and healthy market. See my report:
Feel free to contact me for more information about the real estate market in this area. I'd be happy to meet with about listing your property or show you properties.
Sincerely,
Teresa Merelman Broker
ABR, CRS, e-PRO, GREEN
Stowe Realty
Stowe, Vermont 05672
(802) 253-8484 - Office
(802) 793-5171 - Cell
Teresa@StoweUSA.com
www.StoweUSA.com
Vermont Real Estate Taxes Vermont, like most states, has a complex tax system. My goal is to provide a specialized tax resource for those thinking of buying real estate or selling real estate in Vermont.
Should you need specialized advice about taxes and consequences of a purchase or sale of real estate, I strongly suggest you contact either your financial advisor, accountant, or attorney.
Feel free to contact me about your real estate needs in the Stowe, Vermont area!
Teresa Merelman, Broker
ABR, CRS, e-PRO, GREEN
Stowe Realty
(802) 253-8484 - Office
(802) 793-5171
Teresa@StoweUSA.com
www.StoweUSA.com
Waterbury, Vermont Homes Sales on Track with 2008 Home Sales
The well located town of Waterbury, Vermont is holding it's own through the downturn in the economy. Waterbury is located just off I-89 and is in the crossroads of major communities such as Burlington, VT to the northwest, Montpelier, VT to the east, the Waitsfield/Warren Sugarbush area to the south, and the Stowe, VT ski resort area to the north.
Waterbury is also home to some major employers such as the State of Vermont, Green Mountain Coffee Roasters, and Ben and Jerrys Ice Cream.
The two charts below show in 2008, there were 30 homes which closed with an Average List Price of $324,000 and an Average Sales Price of $302,000. As of August 1, 2009, there have been 16 home sale with an Average List Price of $311,525 and an Average Sales Price of $297,822. As of August 1, 2009, there were 6 Homes Under Contract.
Waterbury, Vermont Home Sales 2008 Chart
Waterbury Home Sales as of July, 31, 2009 Chart
Waterbury Vermont Active Home Listings - August 1, 2009
Waterbury's Real Estate Inventory continues to remain healthy although there has been a slight decrease in August.
Waterbury's market appears to be following it's neighbor to the North, Morristown, Vermont.
Morristown, Vermont Real Estate Market Report
Waterbury is another area in which first time buyers could make use of the $8,000 tax credit. See my blog for more information on the $8,000 Tax Credit.
Below are links to currently available properties in the Waterbuy and Waterbury Center area:
Waterbury Vermont Homes For Sale
Waterbury Vermont Condos For Sale
Waterbury Vermont Land For Sale
Feel free to contact me about the Real Estate Market in the Waterbury, Vermont area. I'd be happy to help!
Teresa Merelman, Broker
ABR, CRS, e-PRO, GREEN
Stowe Realty
Stowe, VT 05672
(802) 253-8484 - Office
(802) 793-5171 - Cell
Teresa@StoweUSA.com
www.StoweUSA.com
Morristown, Vermont is a town just about 10 miles North of Stowe, Vermont. It is a town with a strong infrastructure - especially compared to other small Vermont towns. It has is it's own school system, Copley Hospital, two large grocery stores, McDonalds, Subway, and even a Dunkin Donuts! Most of Morristown's residents are primary residents.
While some of Vermont's other towns, especially the resort towns, have suffered decreased sales and relatively lower list prices and sales prices, Morristown is on track for sales to be higher than 2008!
When you compare the sales in 2008 vs. July 31, 2009, Morristown needs 15 more closings to equal 2008. There were 8 homes pending as of August 1, 2009 so Morristown may beat 2008. Also, the average list and sale prices are about the same - a bit of a dip but not much.
Chart - Morristown Home Sales in 2008
Morristown Homes Sales at of July 31, 2009
Morristown is one of the best towns in Vermont to take advantage of the $8,000 tax credit for first time buyers. But time is running out!
Below is a summary of Morristown's active listings. The inventory went down at the beginning of August.
Morristown Active Listings
If you have a desire to learn more about Morristown, feel free to call me or e-mail.
Here are some links to Morristown Properties:
Teresa Merelman, Broker
ABR, CRS, e-PRO, GREEN
Stowe Realty
Stowe, VT 05672
(802) 253-8484 - Office
(802) 793-5171 - Cell
Teresa@StoweUSA.com
www.StoweUSA.com
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Stowe Realty services the Lamoille & Washington County areas of Vermont. We handle sales & rentals. Primary towns include Stowe, Waterbury, Morristown, Hyde Park, Johnson & Elmore. Licensed 1998.
Teresa has been a licensed Realtor® since 1998. She attended Miami University and graduated with a BS from George Mason University. She has obtained the following designation/certifications:
Teresa has also been involved with many voluteer positions which include:
In 2007, Teresa was honored to be voted the Vermont Realtor® of the Year.
Teresa has lived in Stowe with her husband and two sons since 1987.
Teresa specializes in Residential and Condo sales. Stowe, as a 4 season resort town, attracts visitors from all over the country. Many of our buyers look to purchase a second home, vacation home or investment property. Teresa also enjoys working first time buyers and buyers looking to make the Stowe area as their primary residence.
Testimonials
Experience and service with integrity are key to successful real estate transactions. As a Realtor®, past transactions can lead to future transactions and to referrals. Below are a few letters from clients/customers I have the privelege of sharing with you.
Elmore, Vermont
George and Gina, Buyers, Elmore
Stowe, Vermont
Joe and Sue, Buyers and Sellers, Stowe
Johnson, Vermont
Randy and Gail, Buyers, Johnson
Stowe, Vermont
Howard and Linda, Buyers, Stowe
Stowe, Vermont
Evan and Janet, Sellers, Stowe
Hyde Park, Vermont
Geoff and Kathleen, Buyers, Hyde Park
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