Blog :: 10-2020

Hidden Homes: 15 Point Farm West Grand Isle, Vermont

While this home isn't for sale it's still fun to look! This dream property is secluded in Northern Grand Isle's Point Farm West. It includes breathtaking views of Lake Champlain and even an indoor swimming pool check out the video below to see more!

 
What other types of homes would you like to see featured? Comment below!

Island Insights: Conversations with CIDER

Island Insights graphic with aerial view of Champlain Islands

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Conversations with CIDER

The town of South Hero has seen several developments in the last five years from the Community Health Center, Wally’s Place, Worthen Library, Champlain Islands Candy Lab, Viva Marketplace and more to come. The next big thing to come to South Hero will be an affordable senior housing facility. CIDER (Champlain Islands Developing Essential Resources) has partnered with Cathedral Square (a leading creator of affordable housing with services for older adults and people with special needs) to bring this multi million dollar project to the Champlain Islands.

Over the last 15 years CIDER and Cathedral Square have been working hard to come up with an affordable senior housing solution for the Grand Isle County community. Introducing Bayview Crossing. It will house 30 apartments for older adults, a variety of amenities and services for residents, and an office space for CIDER. It is planned to be a mixed-income community, with apartments at both market-rate and subsidized rents. 


Robin Way pointing at field where construction will take place After years of searching for a site, septic tests, and archaeological studies, they have settled on a site behind the Community Health Center and plan to break ground in late 2021. One of the main criteria for creating this development was to be close to services. This location is within walking distance to the Community Health Center, the Worthen Library and local eateries making it an ideal location. 

Grand Isle County is the oldest county in the state of Vermont and one of the only counties without any type of senior housing. This makes it difficult for residents who need care and most end up leaving the Champlain Islands to find services. Since the early 90’s there has been an expressed need for senior housing in our area.

 

CIDER Quote

Cathedral Square is a local nonprofit and they have 25 affordable housing communities in Vermont but none in an area quite like the Champlain Islands. Due to Grand Isle County’s unique demographic makeup, it is a great opportunity for Cathedral Square to bring affordable senior housing to this rural area. They are currently in the fundraising phase of the project. If you or someone you know is interested in more information about donating visit their website.

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Learn more about CIDER

The mission of CIDER is to help people with special needs continue to live independently at home. This non-profit is run by executive director, Robin Way, as well as their team of staff, board of directors, and their dedicated army volunteers (they have between 100-150 volunteers in a year!). 

Their services range from ride services, meal programs, community events and classes, wheelchair ramp construction, medical equipment and so much more. All of these resources are free and they depend on their members and fundraisers to continue to provide these services.

Image of the CIDER sign and logoRobin Way in front of the new site that will become Bayview Crossing senior housing

“We see more kindness and generosity in any given day. People stepping up to help out each other. Neighbors helping neighbors. That's what it takes.” 

- Robin Way, CIDER Executive Director

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In our December Issue...Chocolate from Champlain Islands Candy Lab

Keep an eye out for a local gift guide that will help you get your holiday shopping done this season without having to leave the Champlain Islands!

 

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Vermont Market Update: September 2020

See the latest Northwestern Vermont real estate market report presented by NVBR below.

The Northwestern Vermont Board of REALTORS® (NVBR) has released its market statistics for September 2020. The information is derived from data contained in the New England Real Estate Network and covers Chittenden, Franklin and Grand Isle Counties.

Strong buyer activity has continued into the fall, which is normally the start of the seasonal slowing of the housing market. With stronger buyer activity in the market this year and the continued constrained supply of homes for sale, speedy sales and multiple offers are likely to remain a common occurrence and will keep the housing market hot even when the weather is cooling.

New Listings increased 9.2 percent for single-family homes and 14.9 percent for townhouse-condo properties. Pending Sales increased 26.8 percent for single family homes and 10.6 percent for townhouse-condo properties. Inventory decreased 48.9 percent for single-family homes and 43.1 percent for townhouse-condo properties.

The Median Sales Price was up 11.1 percent to $342,250 for single-family homes and 6.4 percent to $284,000 for townhouse-condo properties. Days on Market decreased 4.3 percent for single-family homes and 40.9 percent for townhouse-condo properties. Months Supply of Inventory decreased 51.1 percent for single-family homes and 45.5 percent for townhouse-condo
properties.

While mortgage rates remain near record lows, The Mortgage Bankers Association reports that lending standards are tightening, which makes it a bit more difficult for some buyers to qualify. At the same time, unemployment remains substantially higher than a year ago due to COVID-19. Despite all this, buyers are out in full force this fall, showing amazing resilience in the middle of a pandemic.

Vermont Real Estate Market Update Infographic

Hidden Homes: An Inside Look at Island Homes

 

                                         

Coldwell Banker Islands Realty is excited to introduce a new YouTube series, Hidden Homes!

If you enjoy checking out pictures and videos of houses of all kinds you will love our new Hidden Homes series! Whether you're looking to buy a home or simply gazing for fun these videos will appeal to all real estate lovers by giving you an inside look at some of the most covert homes in the Champlain Islands. 

One of the most appealing aspects about properties in the Grand Isle County is the vast acreage and privacy it often offers homeowners. That being said, many of the most breathtaking homes are secluded and unseen! To improve visibility we will be featuring an array of handpicked properties each month, both active as well as several closed homes.

So, whether it be a secluded property down a private road or a concealed lakefront home you can expect to see them featured monthly in our newsletter, Island Insights, on our blog, and of course on the CBIR youtube channel!

October's Hidden Home:

Who else is adding this historic 1816 farmhouse to their wish list? This beautiful lakefront home is tucked away on 6.3 acres on the West Shore of Grand Isle, Vermont. 

 

Coldwell Banker Islands Realty Introduces Island Insights

               Island Insights Graphic with Lake Champlain

Coldwell Banker Islands Realty is launching Island Insights! Island Insights will serve as a monthly bulletin, we are aiming to help you to get to know the Lake Champlain Islands of Vermont through the eyes of its local real estate experts. We have our ear to the ground and are eager to share our knowledge with you!

About Island Insights

Our close-knit community is always evolving and our goal is to help you stay up to date and connected. With that said, we will be sharing articles with insider information on the latest activity in the Grand Isle County. These will be filled with community stories, small business spotlights, and be sure to keep an eye out for a featured Hidden Home!

On the first Wednesday of every month an issue will be sent out via email, posted on our website, as well as on our Facebook Page. Don't miss the first Island Insights bulletin and subscribe today!

We always welcome your feedback. If you have a suggestions or a story idea please let us know with a comment below. Also if you have a family member or friend who may benefit from the information in Island Insights - we encourage you to share! 

Sneak Peak of our November Issue...

Stay tuned for ‘Conversations with CIDER’ where we talk to Robin Way, CIDER Executive Director, about their plans for senior housing in South Hero, Vermont. This issue will be sent out on November 4, 2020! Make sure to subscribe!

Photo of the future Bayview Crossing site.

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