Are you looking for the ideal real estate market in Vermont? Well, the property market is looking up in the entire state but one area that has captivated homeowners is Stowe, VT. The charming town, nestled comfortably between Worcester Range and Mount Mansfield in Lamoille County, is a perfect location for that dream home you have been thinking about.
Luxurious Living in Stowe, VT
The rustic environment provides the perfect option for investors who want to cash in on the need for more livable locations away from the hustle and bustle of city life. The enticing countryside is attracting more families who want to enjoy the true feel of nature albeit in a luxurious setting. The National Association of Real Estate Brokers (NAREB) rates Stowe luxury real estate among the hot markets to invest in and for many good reasons.
Why Invest in Stowe Real Estate
Well, it is understandable that you might still be apprehensive about putting your money in real estate, especially after the 2008 housing bust. However, this market offers distinct attractions that ultimately contribute to high return on investment. Here are just a few of the reasons this will turn out to be a good investment choice:
- The Outlook of Market
Second homeowners form the bulk of the real estate market in Stowe. A cursory glance at the listings in the area shows that most luxury properties are suited for second home occupancy. According to United Van Lines, Vermont was the top state to move to in 2014. In 2015, FBI rated this state as the safest place to live in and you are assured that more people will be looking for property in the area.
- Versatile Property Range
A look at the listings on in Stowegives you a diverse range of homes to choose from. From town houses, bungalows, condos and land, you will be lost for choice. Whether you want a family home or your own holiday pad, this market has a home to match your needs.
- The Numbers
It might be cliché but numbers don’t lie. The average listing price is falling, which makes this the perfect time to buy. In November 2015, the average median price was $564,103 but the median price now is around $387,000. While the volume of transactions might be lower than 2015, the village is still abuzz with buyers.
- The Ski Capital of the East
If you are looking for property in an area that is highly attractive to visitors, then it is time to check out the real estate market here. This area has been described as the Mecca of outdoor lovers, with skiing and hiking being the topmost attractions. Stowe boasts some of the best ice runs in the east and the nature trails are simply mind boggling.
- Hassle-free Investment
If you invest in a condo around here, then you don’t have to worry about property management. There is a company to handle this and if you buy a vacation home, such a company will also handle rental logistics when you are not using the property.
There you have it; Stowe luxury real estate has all the signals of a sound investment. Don’t let the chance bypass you.