Market Statistics

Considering Renting Your Stowe Area Home?

Stowe has seen condominium sales, and prices, rise significantly in the last two years. Much if this is attributed to the announcement of Vail Resorts purchasing Stowe. The popularity of websites such as Airbnb and VRBO have created a new market for condominium and single family home owners to rent properties when not in use, or make investments as income producing properties. If you are thinking about purchasing and renting, or are already doing so, there are some important things you should know to ensure your and your renters safety:

  • Make sure to contact your insurance agent to include extra coverage for renters
  • Make sure to have the proper smoke and carbon monoxide detectors installed. In Vermont photoelectric smoke detectors are need to be in every sleeping room
  • A rental property falls under Vermont State safety requirements, so you will need to have a Fire and Safety inspection. For more information go to the State website here: http://firesafety.vermont.gov/

Please feel free to contact us any time regarding any questions you may have about anything that may relate to investing in properties, and/or renting.  The Town of Stowe is in the process of adopting some of these, and additional rules and regulations, so we can update you as well as guide you through this process, along with providing any key contacts to ensure your property is up to code and regulation.

Stowe Area Market Is Moving

The Stowe Area Market Is Moving

  • 5% Increase in the Average Sales Price of a single family home in 2017
  • 63% Increase in Condos sold in 2017
  • 40% Increase in Land sold in 2017
  • Coldwell Banker Carlson Real Estate represented 29% of the Stowe area market in 2017

We don't just list your property, we enhance and promote your listing with the latest available technology and we get it sold.

Call us today for a consultation on your property and list with us.

802-253-7358

info@CarlsonRealEstateStowe.com

Making Sense of some of the Tax Reform Changes

There have been a lot of questions surrounding the recent tax reform bill that was passed in Washington.  The National Association of Realtors had a lot of influence relative to the impact on aspects having to do with real estate, and managed to help protect essential and important homeowner benefits such as the exclusion for capital gains on the sale of a home, and the mortgage interest deduction for primary and secondary homes.  Those and other last minute changes to the Tax Cuts and Jobs Act of 2017 are as follows, in easy to understand terms:

  • Capital gains exclusion. In a huge win for current and prospective homeowners, current law is left in place on the capital gains exclusion of $250,000 for an individual and $500,000 for married couples on the sale of a home. Both the House and the Senate had sought to make it much harder to qualify for the exclusion. 
  • Mortgage interest deduction. The maximum mortgage amount for households deducting their mortgage interest has been decreased to $750,000 from the current $1 million limit on primary and secondary homes. The House bill sought a reduction to $500,000. 
  • State and local tax deductions. Both property taxes and state and local income taxes remain deductible, although with a combined limit of $10,000. Both the House and Senate bills sought to eliminate the state and local income tax deduction altogether. 
  • Pass-through entities. The bill significantly reduces the effective rate of tax on business income earned by independent contractors and income received from pass-through entities. This change will potentially lower the taxes of these types of professionals.

We will be publishing more information as it is made available, as the professionals and experts continue to decipher myriad details of the bill.  

  Source: National Association of Realtors  

2016 Year-End Real Estate Market Report

Welcome to the Coldwell Banker Carlson Real Estate Market Report. Our 2016 Year-End examination of the real estate market in the Stowe area uses market-wide data based on transactions that closed in 2016 in the Multiple Listing Service; and compares them to sales that took place during 2015.  

In 2016 the Stowe area market generally reflects that of the broader market throughout Vermont, and much of the nation. The housing market in general remains one of the strongest underpinnings of the overall economy.

Residential sales were back on the rise, and by the end of Q4, they were up by as much as 28%. The total was 91, as compared to 71 by the end of 2015.  This is the largest number of residential sales seen since 2004, with the sub $500K price range leading the way with 56% of the market share.

The overall inventory for Stowe residences dipped again, this time by 23%, which equates to an 8 months’ supply.  The lack of inventory varies though, in different price ranges, which will be addressed in more detail further into this report.

Coldwell Banker Carlson Real Estate, once again, holds the largest market share of sales of any single office in the Stowe area. Whatever your real estate needs are in the coming year, CBCRE is the market and technology leader, and we are always there to share every resource we have available, for you to benefit from.

We hope you find our Year-End Report helpful; and welcome any questions you may have regarding it.  

Click Here for Complete Report

 

 

 

 

Stowe Area Real Estate Market Report - 3rd Quarter 2016

The Real Estate Market Report for the 3rd quarter of 2016 is now available! No matter what time of year it is, the most commonly asked question, is “how is the real estate market?”.  We are happy to report, that residential sales in Stowe and the rest of Lamoille County are up again, for Q3, as compared with Q3 2015.  In Stowe, the increase was as much as 31%.   

The increase in the number of residential sales in Stowe, for this period, brings it close to the level of 2014, which was the high, for the last 10 years. There were 2 outstanding sales over the past few months, one of which represented a historical benchmark.  The Estate at Strawberry Hill, which was both listed and sold by our office, closed September 12, for $6,700,000.  This sale represented the highest priced recorded sale in Stowe; and the 2nd highest in the state, within the past 10 years.    

For the complete Market Report for Stowe and the surround areas, click here.

 

 

Stowe Area 2nd Quarter Real Estate Market Report

Welcome to the Coldwell Banker Carlson Real Estate market report; our 2nd Quarter 2016 examination of the real estate market in the Stowe area.  This report uses market-wide data based on transactions that closed in during the 1st 6 months of 2016 in the Multiple Listing Service, and compares them to sales that took place during the same period of 2015.

Just as our local communities have seen recent growth and enhanced vibrancy, so too has the residential real estate market. New businesses, restaurants and attractions have been popping up in Stowe and beyond, including The Alchemist opening its doors to their new acclaimed brewery, the new Adventure Center at Stowe Mountain Resort, and MOCO (Morrisville Food Co-op), scheduled to open soon.

Many have wondered whether the increase in residential sales that we saw after the first quarter would continue. We are happy to report that they have, in Stowe and the rest of Lamoille County. 

Read the full report for Stowe and report for Lamoille OCounty and Waterbury.

Stowe Area 1st Quarter 2016 Market Report

Welcome to the Coldwell Banker Carlson Real Estate Market Report.  This  1st quarter report of 2016,  is an examination of the real estate market in the Stowe area, using market-wide data based on transactions in the Multiple Listing Service (MLS), and comparing them to that of the 1st quarter of 2015. 

The winter of 2016 will be memorable in many respects, most notably due to the lack of snow; and unseasonably mild weather.   Skiers and riders have enjoyed some of the best spring conditions though, as snow continued to fall in April.  The mountain plans to operate lifts

 on Mt. Mansfield, until April 24th this year – long after most area resorts have closed.  Signs of spring have been welcome, including a continuation o

f the maple sugaring season, which saw one of the strongest and lengthiest seasons in years.

In the world of real estate, supply and demand is still largely the story, both nationwide and locally.  Finding the right property can be challenging,due to continued shortages of inventory.  The overall demand for buying is solid, so in many regards, it is a good time for sellers to list their homes.  With rental amounts outpacing mortgage payment expense, and availability of low interest rates, it is also a good time for buyers to be in the market.

For details and charts check out our website: Stowe Vermont Real Estate

Real Estate Market Report - Year End 2015

Welcome to the Coldwell Banker Carlson Real Estate market report; our 2015 Year-End examination of the real estate market in the Stowe area.  This report uses market-wide data based on transactions that closed in 2015 in the Multiple Listing Service, and compares them to sales that took place during 2014.

In 2015 the Stowe market generally reflects that of the broader market throughout Vermont, and much of the nation.   Many analysts have reported a continuation of a “level-headed market”; much of which is probably due to very low levels of inventory. We are seeing one of the lowest levels of residential and land inventory, in recent memory.  Most of which is seen in the lower price ranges.  Despite these factors, the continuation of low interest rates, steady job growth, and buyer demand, should keep real estate sales heading in the right direction.  Sales in general, show continued stability.

The full report is available on our website: Stowe Vermont Real Estate Market Report

Market Report 1st 9 Months 2015 Stowe, Vermont, Lamoille County and Waterbury, VT

The following is a comprehensive anaylsis of the real estate market for the 1st 9 months of 2015. Information and analysis includes Stowe, VT and Lamoille County, VT as well as the town of Waterbury, VT.

View the 1st 9 Months of 2015 Report below or download a PDF version: click here.