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Old 11-25-2006, 09:19 AM
 
Location: Vermont
1,442 posts, read 5,892,452 times
Reputation: 450

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How are real estate prices moving in Southern Vermont, especially in and around Brattleboro?

Are people tending to move in or are people tending to move away?

Are home prices going up, going down or staying about the same?

If someone buys a home and fixes it up, or at least stays a couple of years, will that person profit or lose if he or she sells?

Are those new developments successful in selling property?

Are honest, reliable and competent contractors hard to find?

I realize these are pretty general questions and I also realize that no one knows what the future brings, but I wondering what local perceptions are.

I am placing these questions here rather than to realtors because I want spin-free answers.
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Old 11-25-2006, 02:13 PM
 
439 posts, read 526,142 times
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Not a Realtor-

Geographer by training.

New England real estate is not static like the Midwest-nor is as wildly speculative as California, Florida, Las Vegas or Phoenix. Nonetheless in New England we have had large run ups and big drops in Real estate. This is true for southern New England especially- in CT RI and MA. Southern Me. has become an appendage of Boston, as has southern New Hampshire.

As far as Brattleboro is concerned- is has become sort of a 'mecca' for southern New Englanders and New Yorkers as the 'first stop' over the MA border into the Green Mountain state- there is a counter culture atmosphere in the town- that includes a charming Main Street. Within town there are upscale bars, clubs, B&B's. There are Hotels, resorts and fine restaurants- that cater to these 'out of staters' and also to the 'new locals', which have been coming to the state seeking the Vermont 'Lifestyle' from areas like the northeastern megalopolis,California, AZ and NV and Texas.

That being so, Vermont and Brattleboro have created a very appealing package to outsiders seeking an alternative way of life.

Finding competent contractors should be easy.
The areas population is currently attracting those of mostly upscale/educated means- it is slowly growing, not contracting.
Real estate prices in the area have risen in the last several years- but have now evened out- which is true throughout all of New England.

My gut feeling is this. In coming years because of global warming/climate change- you will see 'climatic refugees' and other seeking to leave the 'rat race' coming to southern Vermont. Real estate in New England and Vermont will rise further- as the weather becomes milder- and less harsh then other regions of the nation- and those seeking to exit 'hot areas' like Florida and the southwest who are seeking a low crime, esthetically beautiful area to live. Southern Vermont offers a pristine, cultured low pace of life, where 'enlightened' people probably will flock to.

Last edited by Dragondog; 11-25-2006 at 02:37 PM..
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Old 11-25-2006, 03:41 PM
 
Location: Vermont
1,442 posts, read 5,892,452 times
Reputation: 450
Thank you. Sounds great to me!!
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Old 11-27-2006, 05:25 AM
 
208 posts, read 910,419 times
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I have an older house in Vernon (just south of Brattleboro) that we're putting on the market soon. The house was left to us by inheritance and we don't plan on moving back to Vermont. It's right on the Massachusettes border and definitely needs a little work. We are planning on pricing accordingly...
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Old 12-06-2006, 07:19 PM
 
54 posts, read 202,914 times
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have you put the house on the market yet? How many acres? How big is the house? w/b soon relocating to area.thankx
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Old 12-07-2006, 07:28 AM
 
208 posts, read 910,419 times
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It's not officially on the market yet. Long story, but it was an inheritance from an estate. The legal part of it is just about finished and it should be on the market by the end of the month.

I'll be honest, the house is a bit of a fixer-upper. I think it was built around 1917. The house has 3 bedrooms, a den and a dining room, and 2 bathrooms. I believe it has 2 acres. We are toiling between going ahead and doing some of the work before selling it or just taking the appraised price and adjusting it based on the needed repairs. There has been someone renting the place for the past couple of years, and they have been doing some general improvements to it. My best estimation is that the following needs to be taken into consideration:

- Will need a new roof
- Ceiling in dining room needs to be replaced
- Upstairs bathroom will need to be completely redone

With that in mind, the house appraised last October for $150,000. If you're interested, let me know
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