This month’s Hidden Home is a cape-style home in Alburgh, Vermont. This year-round home has over 3,000 sqft of finished living space with 4 bedrooms, 4 bathrooms, a large living room for gathering, and a bright primary bedroom with cathedral ceilings. It is set on 0.93 acres that is close to Alburgh Village and Lake Champlain.
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From Lake Champlain Island town spotlights to real estate humor, Coldwell Banker Islands Realty shares a variety of real estate content on social media. We wrapped up our top posts from the past two months in this blog post! Check them out below.
1. Hiking in Vermont: Sunny Hollow Trails
2. Why Would You Buy A Home Without A Realtor
3. Welcome To Alburgh, Vermont
Make sure to follow us on social media to see beautiful Vermont homes, real estate education, and local town insights!
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From winter festivals to local live music events, February 2023 is packed with activities to be enjoyed by all! Keep reading to learn about the local events coming up in Vermont's Lake Champlain Island towns.
Winter Carnival @ Kraemer and Kin
The local Champlain Islands Brewery, Kraemer and Kin, turns three years old! They will have their first annual winter carnival to celebrate the anniversary on February 11th and 12th at the Alburgh Golf Links. During the day, many outdoor activities will be happening, such as pick-up hockey, sledding, and snowshoe tours.
Friday Night Wine Down @ Snow Farm Vineyard
Wine Down Fridays at Snow Farm is a can’t miss activity this winter. This winter concert series features free live music inside Snow Farm Vineyard's tasting room from 6:30 pm to 8:30 pm. Bittersweet Bakery will be serving dinner at 5:30 pm. There is also a Pebble Art Workshop on February 12th from 2 pm to 4 pm. Check out the entire February event lineup below.
Great Ice Winter Festival
The return of Great Ice is back the weekend of February 17th at City Bay in North Hero, Vermont. There is a fantastic lineup of events happening throughout the weekend for all to enjoy. The festival includes fireworks, a Christmas tree bonfire, local vendors, and much more! The Champlain Islands Business Expo will also be held at the North Hero Community Hall on Saturday, Feb. 18, from 10:30 am. to 3 pm. Coldwell Banker Islands Realty will be there; make sure to stop by and say hello! Please note some activities are weather dependent, follow their Facebook page for updates.
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2022 was a turbulent year for the US housing market, as inflation, soaring interest rates, and elevated sales prices combined to cause a slowdown nationwide. Affordability challenges continue to limit market activity, with pending home sales and existing-home sales down month-over-month and falling 37.8% and 35.4% year-over-year, respectively, according to the National Association of REALTORS® (NAR). Higher mortgage rates are also impacting prospective sellers, many of whom have locked in historically low rates and have chosen to wait until market conditions improve before selling their home.
New Listings decreased 26.7 percent for single-family homes and 29.4 percent for townhouse-condo properties. Pending Sales decreased 13.4 percent for single-family homes and 40.5 percent for townhouse-condo properties. Inventory decreased 5.4 percent for single-family homes and 22.2 percent for townhouse-condo properties.
The Median Sales Price was down 3.4 percent to $386,250 for single-family homes but increased 12.9 percent to $355,550 for townhouse-condo properties. Days on Market decreased 23.7 percent for single-family homes and 45.7 percent for townhouse-condo properties. Months Supply of Inventory increased 20.0 percent for single-family homes but increased 16.7 percent for townhouse-condo properties.
Economists predict sales will continue to slow and housing prices will soften in many markets over the next 12 months, with larger price declines projected in more expensive areas. However, national inventory shortages will likely keep prices from dropping too much, as buyer demand continues to outpace supply, which remains limited at 3.3 months, according to NAR. Even if prices fall, many prospective buyers will find it difficult to afford a home in 2023, as higher rates have diminished purchasing power, adding hundreds of dollars to monthly mortgage payments
Considering a move and wondering what your options are in this market? We're here to help. Contact us today.
Happy New Year! Coldwell Banker Islands Realty had another exciting year in Vermont real estate. It was a year of guiding people home, growing and strengthening our team of Realtors and improving our services and knowledge to better serve our clients and professional partners. We could not have reached these accomplishments without the support of our office, clients and community. We are grateful and look forward to another year of guiding people home!
Check out our top videos from 2022. These short-from videos are used to highlight listings, grow our brand and reach thousands of users on social media.
In 2022 we shared some spectacular Hidden Homes. The top Hidden Home of the year was this beautifully updated waterfront cottage located in North Hero, Vermont. This video was viewed +608 times, had +9 hours of watch time and received over 1,900 impressions. Take a look back at this updated cottage.
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