Kathy O'Brien Realty - Lake Champlain & Vermont

Our mobile site is optimized for smaller screens.

TRY IT NO THANKS

Blog

South Burlington seeks input on Library design

The city of South Burlington is offering 2 workshops to discuss a new City Center Building that would house the Public Library and the City Hall. Thursday Jan 18at 7pm  and Saturday Jan 20 at 10 am.

Residents, Business Owners and other Interested parties are encouraged to participate!

    Comments

    1. No comments. Be the first to comment.

    Current Market Statistics

    November 2017 Market Statistics

    The Northwestern Vermont Board of REALTORS® (NVBR) has released its market statistics for November 2017. The information is derived from data contained in the New England Real Estate Network and covers Chittenden, Franklin and Grand Isle Counties.

    Changes for November over last year at this time include:

    • New Listings were up 18.5 percent for Single Family homes and increased 31.3 percent for Townhouse-Condo properties.
    • Pending Sales increased 20.3 percent for Single Family homes and 6.4 percent for Townhouse-Condo properties.
    • The median sales price was up 8.2 percent to $289,900 for Single Family homes and 0.1 percent to $212,950 for ?townhouse-condo properties.
    • Closed sales decreased 20.1 percent for Single Family properties and increased 3.7 percent for townhouse- ?condo properties.
    • Average days on market decreased 9.6 percent or 86 days for Single Family homes and increased 13.5 percent or ?84 days for the townhouse-condo market.
    • Month’s supply of inventory decreased 17.9 percent for Single Family units and decreased 15.2 percent for ?townhouse-condo units.

      Comments

      1. No comments. Be the first to comment.

      Tight Housing Supply in 2017 leads to longer Homeownership.

      Despite rising home prices and a growing economy, U.S. homeowners’ mobility rate is stuck at a 30-year low as many opt to stay put rather than move to pursue job opportunities or trade up for more space.

      The median duration of owners in their homes in 2017 was 10 years, according to data soon to be released  by the National Association of Realtors. That matched last year’s duration, which, along with 2014, was the highest level since the NAR started tracking the data in 1985.

      Americans aren’t moving in part because inventory levels have fallen near multidecade lows and home prices have risen to records. Many homeowners are choosing to stay and renovate, in turn making it more difficult for renters to enter the market.

        Comments

        1. No comments. Be the first to comment.

        How to be a Preservationist in Vermont

        Are you a preservationist? Here are 23 things you can do TODAY to be part of historic preservation in
        Vermont.....

        1.Email VT Preservation Trust

        2.Visit a VT Historic Downtown

        3. Have lunch or dinner in a historic building

        4.Visit a place where History

        5. Visit your local libtary

        6. Attend a live performance at a Historic Theater

        Read the article to learn more!


         

          Comments

          1. No comments. Be the first to comment.

          New Home Sales are at a High in this decade!

           According to Bloomberg- U.S. purchases of new homes unexpectedly advanced in broad fashion last month, reaching the strongest pace in a decade and offering an encouraging signal for residential construction, according to government data released Monday.

          Highlights of New-Home Sales (October)

          • Single-family home sales rose 6.2% m/m to 685k annualized pace (est. 627k), the highest since Oct. 2007, a revised 645k rate
          • Purchases in the South increased for a third month, to the fastest pace in 10 years
          • Median sales price increased 3.3% y/y to $312,800
          • Supply of homes at current sales rate fell to 4.9 months, the smallest since July 2016, from 5.2 months; 282,000 new houses were on market at end of October

          Key Takeaways

          The report showed the U.S. South region continued to recover from a pair of hurricanes. Purchases in other areas of the country, including a 17.9 percent surge in the Midwest, also climbed.

          The number of properties sold in which construction hadn’t yet started reached the highest level since January 2007, signaling residential construction will accelerate in coming months.

          A steady job market and low mortgage costs are helping propel demand for real estate and pushing up property prices. At the same time, it’s a hurdle for some prospective buyers, especially younger Americans and those entering the market for the first time. The average selling price in October reached a record high $400,200, probably reflecting construction of higher-end homes.

          New-home sales, tabulated when contracts get signed, account for about 10 percent of the market. They’re considered a timelier barometer than purchases of previously owned homes, which are calculated when contracts close and are reported by the National Association of Realtors.

            Comments

            1. No comments. Be the first to comment.

            5 Good Reasons to Buy a Home during the Holidays!

            Turkeys and tinsel and pumpkin pie. Yes friends, the holidays are here again, and it's the perfect time for ... house hunting? OK, we know you're busy enough planning family feasts and much-needed vacations while dealing with blustery weather, but hear us out. While it might seem counterintuitive to put a big-ticket item like a home on your holiday shopping list, it really does make sense.

            1. Less Competition

            2. Motivated Sellers

            3. Tax Advantages

            4. True picture of the House

            5. Great accessibility to Professionals

              Comments

              1. No comments. Be the first to comment.

              Get Ready for Winter!

              Its important to take care of your home.

              This fall has been a balmy one, but winter is coming. For homeowners living in colder climates, the waning hours of daylight signal the time to start readying the home for snowy days and bitter nights ahead.

              Like a car, a home needs a regular tuneup: Heating systems need maintenance, chimneys need sweeping and windows need caulking. But keep on top of the hefty to-do list, and the chores become a routine you dutifully follow every year.

              “When it starts getting a little cold, we go into gear,” said Jenet Levy, 60, who has lived in a three-bedroom townhouse in Windsor Terrace, Brooklyn, with her husband, Rory Levy, 61, for 23 years.

              Even seasoned homeowners, however, can fall behind. With such an unusually warm autumn, Ms. Levy, an associate broker with Halstead, forgot to schedule an appointment to have her boiler serviced before she expects to turn it on. Now the maintenance company is booked until late November. “So I screwed up there,” she said.

              Neglect the chores entirely, though, and you could find yourself with a hefty repair bill or a furnace that peters out on a frigid January night — and probably in the middle of a three-day weekend, because isn’t that when things usually go awry? Forget to clean the gutters, and ice could build up, damaging your roof. Drafty windows and doors could send your heating bill soaring.

               

                Comments

                1. No comments. Be the first to comment.

                Uber is the "top" of Burlington VT Ride for Hire Group

                The steady demand has helped Uber not only to thrive but to dominate Burlington's vehicle-for-hire scene. Three years after it started doing business in the Queen City, Uber has become by far the most popular livery company in the area, according to city data.

                  Comments

                  1. No comments. Be the first to comment.

                  Check out the Craft Show this weekend!

                  The Essex Craft Show began in 1981 as a yearbook fundraiser. Six years later, the show outgrew the original location at the gymnasium in Essex High School and found a new home at nearby Champlain Valley Exposition.

                  The craft show occupied three unheated buildings in the first years at CVE adding tents and another building in 1989. Part of the show moved into the brand new Robert E. Miller Expo Centre South in 2000. The Robert E. Miller Expo Centre North opened in 2005 providing the show with over 100,000 square feet of heated space in two adjoining buildings. (We like to think CVE built these buildings just for us!)

                  Vermont Craft Workers, headquartered in Essex Junction, has been proud to bring you the Essex Craft Show for over three decades with exhibitors traveling from as far away as Florida, Washington, and California, as well as Canada. We welcome you and hope you find the perfect gift, taste the perfect treat, and uncover the perfect keepsake that will be cherished for generations.

                  37th Annual Essex Fall Craft Show
                  Friday, October 27, 2017, Noon - 6pm
                  Saturday, October 28, 2017, 9am - 5pm
                  Sunday, October 29, 2017, 10am - 4pm

                  The Essex Fall Craft Show returns for the 37th year on October 27, 28 & 29, 2017. Like the Spring show, the price of admission includes entry into The Vermont Antique Expo and Sale on the same weekend.

                  A traditional favorite, this three day show is all under two adjoining roofs. (Yes, we miss the majestic tents too! But after you've seen one small river inside a craft tent, you've seen enough!)

                  The larger of our two shows, this is a great opportunity to get a head start on your holiday shopping.

                  We hope you enjoy this year's shows and discover that perfect something you can only find at the craft show.

                  21st annual essex spring craft show
                  Saturday, May 5, 2018, 9am - 5pm
                  Sunday, May 6, 2018, 10am - 4pm

                  The Essex Spring Craft Show returns for the 22nd year on May 5 & May 6, 2018. Admission to the craft show also includes admission to The Vermont Antique Expo and Sale on the same weekend.

                  You might recognize these dates as the biggest shopping days of the year...for mom!

                  The Spring show is conveniently scheduled the weekend before Mother's Day. Bring mom on Saturday and return on Sunday (admission is good for the whole weekend) to make those purchases that she "OOOOed" and "AHHHed" over. After all, you are her favorite child.

                  And don't forget to pick something out for yourself...or that summer wedding around the corner...and Father's Day is only a month away...

                  Admission
                  One admission price includes both the Essex Craft Show and the Vermont Antique Expo and is good for the entire weekend.

                  Essex Fall: $8 ($5 with coupon)
                  Essex Spring: $7 ($5 with coupon)

                  Under 12 free with adult.

                  Free Parking.

                  Print your Admission Coupon here or visit Hannaford Supermarkets (Vermont and Plattsburgh, New York stores) for additional discount admission coupons.

                  Past Exhibitors
                  Our Exhibitor List page includes contact information for our exhibitors. Past shows included exhibits featuring:

                  • woodworking
                  • baskets
                  • candles
                  • fudge
                  • pottery
                  • photography
                  • painting
                  • sculpture
                  • Americana
                  • fudge
                  • fiber
                  • singing Elvis (not a joke)
                  • fashions
                  • birdhouses
                  • fragrances
                  • florals
                  • note cards
                  • a circus (yes...really)
                  • home and garden accessories
                  • leather and sheepskin
                  • fudge
                  • dips & sauces
                  • original music
                  • hand blown and stained glass
                  • calligraphy
                  • gourmet specialties
                  • live demonstrations

                  New Exhibitors
                  Join the Fun!

                  Exhibitors are chosen through a review process where products are evaluated on quality, artistic appeal, uniqueness, and appropriateness for the show. New exhibitor inquiries are always welcome. More information on exhibiting may be found on our Exhibitor Application page.

                  Food drive and craft raffle
                  With tons of food donated over the years, we continue our annual food drive. Bring non-perishable food items to support the local food shelf.

                  The Essex Junction Lions Club Craft Raffle is always a highlight of the craft show. With donations from exhibitor's displayed in one booth, you are sure to spot items that you missed throughout the show. Raffle ticket holders are not required to be present to win.

                  Future Dates

                  • 37th Annual Essex Fall Craft Show will be October 27, 28 & 29, 2017
                  • 22nd Annual Essex Spring Craft Show will be May 5 & 6, 2018
                  • 38th Annual Essex Fall Craft Show will be October 26, 27 & 28, 2018

                  The Essex Craft Show began in 1981 as a yearbook fundraiser. Six years later, the show outgrew the original location at the gymnasium in Essex High School and found a new home at nearby Champlain Valley Exposition.

                  The craft show occupied three unheated buildings in the first years at CVE adding tents and another building in 1989. Part of the show moved into the brand new Robert E. Miller Expo Centre South in 2000. The Robert E. Miller Expo Centre North opened in 2005 providing the show with over 100,000 square feet of heated space in two adjoining buildings. (We like to think CVE built these buildings just for us!)

                  Vermont Craft Workers, headquartered in Essex Junction, has been proud to bring you the Essex Craft Show for over three decades with exhibitors traveling from as far away as Florida, Washington, and California, as well as Canada. We welcome you and hope you find the perfect gift, taste the perfect treat, and uncover the perfect keepsake that will be cherished for generations.

                  37th Annual Essex Fall Craft Show

                    Comments

                    1. No comments. Be the first to comment.

                    Real Estate Market is healthy!

                    Homeowners Gain Average of $13K in Equity

                    In the second quarter of this year, homeowners saw their equity increase an average of 10.6 percent—or $12, 987—year over year, according to CoreLogic’s Q2 2017 Homeowner Equity Report. Western states are posting some of the highest upticks in equity. Washington homeowners, for example, saw an average of $40,000 in home equity gains in that period; California homeowners saw increases of about $30,000.

                    “Over the last 12 months, approximately 750,000 borrowers achieved positive equity,” says CoreLogic chief economist Frank Nothaft. “This means that mortgage risk continues to decline, and given the continued strength in home prices, CoreLogic expects home equity to rise steadily over the next year.”

                    In the second quarter, 2.8 million homes—or about 5.4 percent of all residential properties—were in negative equity, meaning the owners owe more on their mortgage than the house is worth. The number of properties with negative equity has dropped 21.9 percent year over year, according to CoreLogic’s report.

                    Source: CoreLogic

                      Comments

                      1. No comments. Be the first to comment.