Monthly Archives: July 2015

Local Housing Market Looks Stable

How does the second quarter for residential sales compare with last year’s figures? Is it the right time to sell? What should a potential buyer look for and expect in today’s real estate market?

Overall market conditions read: Stable.

Local homes sales have slowed this quarter, compared to 2014 figures, but that isn’t a bad sign for buyers or sellers. On a statewide level, there was a 16 percent increase in homes sales between the first six months of 2015, at 2,600 sales, compared to 2014, at 2,241 sales*.

Agents in our local Vermont offices have seen customers and clients more excited about the market then in other months (and years) and current sales prices are more closely aligned with town-assessed values – a sign of market stability.

Buyers are looking at features that add real value and factors such as proximity to good schools, town amenities and recreation that will impact future worth, which is setting a higher standard for sellers. In the luxury market, especially, homes that are out-of-date or require multiple upgrades – or are over-priced – continue to see unsuccessful sales.

Regardless of market conditions, a strong understanding of pricing and a clear home-selling strategy are important for success in real estate. It seems simple, but not having factors in place to be really ready to sell can make all the difference. With a flood of housing information available on the web, properties need to be positioned (and staged) well from their first day on the market, helping the home or land put its “best foot forward.”

For a perspective on real estate conditions across New England, William Raveis offers the following statistics: “In May 2015, as compared to May 2014, Unit Sales rose 5.8% in Connecticut, 10.8% in New York, 25.1% in Manhattan, 16.3% in Brooklyn, 4.6% in Rhode Island, 14.6% in Vermont and 5.8% in New Hampshire. Meanwhile, Sales Price rose 2.1% in Massachusetts and 4.2% in Maine.” (To download the full report, click here.)

As we move into the third quarter, our agents offer the following take-away messages:

- People are more excited about the market
- Sales prices are aligning with town assessments (in most cases)
- Correct staging and sales pricing are even more paramount
- Market properties with “value forward” for today’s savvy buyer
- Deferring maintenance or upgrades will diminish home appeal

If you have questions about local real estate, please do not hesitate to contact one of our agents, and in the meantime, explore our websites at BCKrealestate.com and StoweRealty.com.

*Statistics are based on current Northern New England Real Estate Network’s MLS data. For additional information, please read the Stowe Reporter’s article “Market regains stability,” with references pertinent to this post.

Adding Interactive Office Technology

STOWE, VT (July 10, 2015) – Buyers in today’s market have a greater number of choices when it comes to purchasing a home. Advances in technology have made the buying experience much more dynamic and immediate.

To take advantage of current trends and the powerful tools that are available, William Raveis Stowe Realty has added three new real estate search devices to its office on Main Street.

In the building’s foyer, there’s what one observer called a “giant smartphone” that, with a click of a navigation button, presents the entire Multiple Listings Service to viewers on a high-definition display, available at any time.

Inside the office, visitors can search listings on large interactive consoles in a café-style environment, with full desk spaces, high-top chairs and tables and comfortable seats around a fireplace.

William Raveis Stowe Realty owner and broker John Biondolillo said that these new computers will “improve the agent-client experience, making the initial property search more interactive and fun. And, a strong visual impact is both desirable and essential in today’s real estate market.”

Stowe’s affiliate office, William Raveis BCK Real Estate, also has a high-tech property display available to customers in the Barre area.

William Raveis Stowe Realty is a full-service real estate brokerage company. Through its affiliation with William Raveis, the company joined 100+ offices and 3,500+ sales associates throughout the Northeast.

Patti Leduc Joins William Raveis BCK Real Estate

Patti Leduc

Patti Leduc

SAINT JOHNSBURY, VT (July 2, 2015) – William Raveis BCK Real Estate is pleased to announce that Patti Leduc has joined the Saint Johnsbury office’s team of realtors.

Patricia Dobbs Leduc (“Patti”) has been in real estate related fields for more than 30 years, including sales, commercial and residential finance, and insurance.

William Raveis BCK Real Estate president and owner John Biondolillo said, “Patti has extensive experience in assisting clients to purchase, sell, finance, insure, rent, and maintain their homes. She is committed to offering professional guidance and her belief in consistent communication provides the skills needed to assist buyers and sellers in today’s market.”

Regarding the switch to William Raveis, Patti said, “Real estate is about building local relationships and I am proud to join a team that focuses on showing properties as ‘homes’ and neighborhoods as ‘communities,’ where people build their futures.”

In addition to selling real estate, Patti and her husband are renovating their home in Lyndonville.

To connect with Patti in Saint Johnsbury, call (802) 748-9543 or visit 1111 Main Street, Suite 101, and BCKrealestate.com.

William Raveis BCK Real Estate, founded in 1981, is a family-owned, full-service real estate brokerage company with offices throughout northern and central Vermont and New Hampshire. Through its affiliation with William Raveis, the company is part of 100+ offices and 3,500+ sales associates across the Northeast.

Ken Libby Recognized In Stowe Awards

4393 Awards

In the Stowe Reporter‘s Readers’ Choice 4939 Awards (2015), Ken Libby received nomination as “Mr. Stowe” and “Best Realtor!” The special section awarded well-deserved “kudos” to the best hangouts, music, food, professionals and more – in well over 50 categories!

Thank you to the Stowe-area readers for our recognition and congratulations to all the winners and fellow nominees. We are so lucky to live in a town with such quality services, professionals and opportunities.