Blog :: 2013

Stowe Area Residential Sales Are Up After Three Quarters

As summer transitioned into one of the most beautiful fall foliage seasons, reports of high visitor traffic, and increases in area business seem to coincide with the increase in real estate activity and sales that we have seen in the Stowe area.

Over the past 9 nine months, the number of recorded sales in our market continues to strengthen while at the same time inventory declined 18%, to a little more than 1 year's supply.  The 3rd quarter was highlighted by one of the largest increases in the number of residential sales that we've seen in years, representing a 21% increase compared to the 3rd quarter of 2012.  The 63 residential sales that have occurred over the past nine months, represents the highest number since 2007, which is an increase of almost 10%.  Condominium sales increased as well, up 32%, while land sales remained constant.  The median and average sales prices for residential and condominiums both rose, whereas for land sales, they dropped.

57% of residential sales were under $500,000, 32% between $500,000 and $1,000,000, 8% between $1,000,000 - $1,500,000, and 3% over $1,500,000.  The price range segment with the largest increase was that of the $500,000 to $1,000,000 category which nearly doubled.

Stowe 3rd Qtr 2013 Charts copy

Real estate sales in Lamoille County continued to strengthen during 2013. For the first nine months of the year residential sales increased 63% - 130 in 2013 compared to 80 in 2012. Sales prices increased modestly at 2%. Fewer homes on the market combined with increased number of sales has reduced the months of supply by 44%. Land sales remain steady with 34 sales in 2013 compared to 35 in 2013, with a 5% increase in sales price. As with residential properties, the months of supply is less, a 26% decrease compared to last year.

Lamoille 3rd Qtr 2013 Charts copy

Overall, Stowe continues to be a destination location of choice for a broad spectrum of people who want to make their home here, whether it is for vacation or for a primary residence.  The quality of life, the welcoming community, myriad natural resources, and the high quality of schools are just some of the reasons people choose to live here.

We at Coldwell Banker Carlson Real Estate continue to be very busy with listing and selling real estate, and have had a very successful year.  Low interest rates and national and economic news reports indicate that the housing market will continue to strengthen throughout the rest of the year and in to the next.

Please feel free to contact me if you have any questions about the information in this report.

 

 

 

Spring Is Here

Stowe Sugar House courtesy Stowe Area ImagesSpring is here in northern Vermont. We had a great winter which must be why it went by so fast. It seemed that we always got the storm we needed when the supply of snow was getting low so there was plenty of opportunity for making fresh tracks.

But now the sun is shining and melting the snow, the days are getting longer right before our eyes. The sap is running and the sugar houses are boiling away. Everyone is reporting  robin sightings and we have even seen a few geese loudly honking their way north.

So now we patiently wait for the snow to leave, the ice to melt and the ground to dry so we can begin the next season's activities. The mountain bikers are riding the roads to get in shape patiently waiting for the trails to dry. The kayakers are waiting for the ice to leave our lakes and reservoirs for the first put in of the season. The golfers are waiting for the grass to green and gardeners are waiting for the ground to warm.Sap Buckets Jeff Beattie photo taken at Trapp Family Lodge on 3/9/13

So patience is the key, we know warmer days and the related activities are ahead but we must wait. Someone once told me that we "earn" our springs and summers around here by surviving the long cold winters which is why we look forward to and enjoy the spring even more once it arrives. All I know is it is so close now you can almost taste it.

Stowe To Morristown Shared-Use Path Study

A Stowe to Morristown Shared-Use Path Study has been commissioned by the Lamoille County Planning Commission (LCPC). The first in a series of public informational meeting was held earlier this month to unveil the information that has been collected to date and to share the goals for this project. Input from members of the public was also encouraged.

The goal of the study is to evaluate the feasibility of constructing a shared-use path to connect pedestrian and cycling routes in the towns of Morristown and Stowe which would run between the two villages. The study will also look for ways to connect the potential path to other existing shared-use paths in the area such as the Stowe Rec Path and the Lamoille Valley Rail Trail.

Most of the information gathered to date revolved around the three most direct public rights of way between the two villages which are Route 100, Stagecoach Road and Randolph Road. These three routes would represent the easiest path to take from the standpoint of public  rights of way that already exist. If one of these routes were chosen then a path next to the shoulder of the road would be built.

There was excellent input and opinions given by those in attendance including the opinion that while a path that parallels a roadway might be easier and less expensive to build, a path away from roads and traffic might have a much greater appeal and serve a much larger number of people. In the non-winter months it would serve cyclists and walkers while in the winter months it would be conducive to skiing and snowshoeing. Being away from the highway it would also be safer and aesthetically more pleasing.

According to the experts, the only way a community amenity of this size and magnitude ever becomes a reality is through active, consistent involvement from the community at large. This would certainly be one well worth having that would benefit not only private citizens from a health and enjoyment standpoint but would benefit local businesses as well.

 

NATIONAL MENTORING MONTH, 2013

January is has been proclaimed National Mentoring Month, 2013 by the president. The formal proclamation is copied below from the White House website.  Thank you to all who devote their personal time to this important work!

NATIONAL MENTORING MONTH, 2013

BY THE PRESIDENT OF THE UNITED STATES OF AMERICA

A PROCLAMATION

Our American family is bound together by caring individuals who make it their mission to serve others. During National Mentoring Month, we pay special tribute to the men and women who enrich the lives of our young people and fortify the unbreakable bonds between one generation and the next.

Mentors know that helping a child unlock their full potential begins with care, guidance, and support -- which is why my Administration is proud to celebrate mentorship nationwide through programs that help young people see the strength within themselves. We created the Corporate Mentoring Challenge, which encourages businesses across our country to open or expand mentoring programs that equip our youth with the tools to achieve. We have connected young men and women in the Washington, D.C., area with mentors at the White House, and we have partnered with groups across the public, private, and nonprofit sectors to build pathways to summer job opportunities for low-income and disconnected youth. And since 2010, we have worked to build strong connections between children and responsible adults through our Fatherhood and Mentoring Initiative.

A supportive mentor can mean the difference between struggle and success. As we mark this important occasion, I encourage all Americans to spend time as a mentor and help lift our next generation toward their hopes and dreams. To learn more about how to get involved, visit www.Serve.gov/Mentor.

NOW, THEREFORE, I, BARACK OBAMA, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim January 2013 as National Mentoring Month. I call upon public officials, business and community leaders, educators, and Americans across the country to observe this month with appropriate ceremonies, activities, and programs.

IN WITNESS WHEREOF, I have hereunto set my hand this thirty-first day of December, in the year of our Lord two thousand twelve, and of the Independence of the United States of America the two hundred and thirty-seventh.

BARACK OBAMA

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Vermont Implements Universal Recycling

Shawn Wright Photo

The State of Vermont has passed a new law that will move the state's residents and businesses in phases toward universal recycling by the year 2020. Currently the state estimates that it recycles 36 percent of all the waste it produces. Of the remaining 64 percent that goes into our landfills (which are nearing capacity) the state estimates half is still recyclable. House Bill 485, which was signed into law by Governor Peter Shumlin this summer,  bans batteries from Vermont's landfills immediately and phases in the mandatory recycling as follows:

By July 1, 2015 all recyclable materials including plastic and glass containers, cardboard and paper.

By July 1, 2016 all yard waste including leaves and garden waste, etc. which are compostable materials.

By July 1, 2020 all organic materials including kitchen waste which are also compostable materials.

According to the Vermont Department of Environmental Conservation Vermonters are throwing away up to $7.6 million worth of waste that could be recycled or composted.

The state has two landfills, one in Moretown which is nearing capacity and one in Coventry which has approximately 20 years of space left.

Items previously banned for Vermont's landfills include lead-acid batteries, waste oils, tires, paint, nickel-cadmium batteries, mercury added products, electronic items and e-waste.

Once again, Vermont is leading the way into the 21st century with evolved thought and responsible pro-activity!

 

 

Stowe Land Trust Acquires River Corridor Easement

The Stowe Land Trust just completed its second river corridor easement which is located on the Little River just south of Stowe village on 12.5 acres of agricultural fields and river corridor. The  protected property which is owned by Creative Ventures, LLC. is now referred to as the Palmer Property. It is farmed by the Pike family and also includes an important section of the VAST (Vermont Association of Snow Travelers) snowmobile trail.

This newest easement protects 750 feet of river frontage and riparian area on both sides of the river. The conservation project was funded by the Vermont Department of Environmental Conservation's (DEC) Ecosystem Restoration Program.  This program, which is administered by the Agency of Natural Resources' River Management Division, is intended to provide funding for the purchase of river channel management rights within the corridors of sensitive and erosive streams. The purpose of the program is to reduce conflict with land uses adjacent to unstable streams and to maximize the public benefits associated with stable streams and floodplains.

This conservation easement represents the second river corridor easement completed by the Stowe Land Trust. The first, completed in 2008, was also the first stand alone river corridor easement to be completed in Vermont. That easement, known as the Little River property and consisting of 10 acres owned by four different landowners, is located just north of this most recent conservation project.