Blog :: 06-2011

Is the light at the end of the real estate tunnel getting brighter?

Current Market Trends Suggest an Incline

Looking back at the real estate market, the month of May shows that the worst may not yet be over.  Although many experts believe the housing market will be on the incline soon, May numbers showed a large drop.  Overall home sales in May of 2011 were down 3.80% from April, and a whopping 15.30% from May 2010.

Experts such as Lawrence Yun, NAR chief economist and NAR President Ron Phipps attribute many factors to the housing market decline.  Both economic and environmental factors such as high gasoline prices as well as severe weather and flooding slowed the real estate market.  Conservative mortgage underwriting standards had a large impact as well.

The good news is that many believe it's about to get a lot better.  Currently, the market is showing that the second half will be much more productive than the first.  Reduced sales have created a supply surplus effectively lowering the average home price to a 40 year low, down 4.60% from the previous year, and investors are eager to take advantage phenomenal deals.

The bottom line is, whether you're a buyer or seller, broker or lender, the summer of 2011 is going to be exciting.  The Vermont real estate market is picking up momentum and there's no stopping us now!

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New Signature Listing: Lakefront Colchester Home

Hank Gintof, one of Signature Properties' most valued agents, is proud to announce a new listing in Colchester!

A RARE FIND!!! Beautiful contemporary on 2.6 acres with 150' lakefront and fabulous lake & mountain views. Very spacious home with an open floor plan perfect for entertaining and family use. Large yard with private in-ground pool, or a few steps away enjoy beautiful Lake Champlain, docks, moorings, sailing....whatever you desire, it's all right here, rural setting yet so convenient. This home has just gone through a massive update, $50,000+/- new roof, new baths, new floorings, new paint, some new appliances, new fixtures. A MUST SEE HOME!!

CLICK HERE for to view the entire listing

CLICK HERE to view the complete selection of Signature Properties.

New Signature Listing: Charlotte

Stacey Barton, one of Signature Properties' most trusted agents, is proud to announce a new listing in Charlotte!

A super opportunity for that picturesque 7 acre property surrounded by lovely perennial beds, lilacs, fields, woods, and mountain views! This home feature a great, open floorplan w/2 pantry cupboards in kitchen, heated entry room, closet crafters thru-out, bay window in LR to take advantage of the view, family room downstairs with pine T&G, master bdrm with 3/4 bath, covered porch, deck and patio, and 12x16 shed w/7' lean-to. Wonderful spot in the country near walking/biking/skiing trails, yet minutes to everything! Put up the volleyball net, and invite 100 of your closest friends over, plenty of superb parking!!

CLICK HERE for to view the entire listing

CLICK HERE to view the complete selection of Signature Properties.