Okemo Real Estate

Find your Perfect Place on Okemo

The 2014-15 ski season is off to a great start! We have had some nice natural snow and perfect temperatures for Okemo to “fill in the gaps” with their upgraded snow making capabilities.

As we begin the new year, I thought we should take some time to take a fresh look at the various complexes on Okemo. From intimate 1 bedroom units at Okemo Mountain Lodge to big homes on Solitude there is something for everyone.

Winterplace remains a favorite on the Mountain. Winterplace offers a convenient location mid mountain and within walking distance to the half pipe and the earliest snow making on the Mountain.

Solitude delivers some of the best long range views and convenient trail access. Though centrally located on this busy mountain, it lives up to the given name providing privacy at the end of the day.

Jackson Gore is an upscale community offering slope-side living and top notch amenities for the entire family. Convenient access to dining, shopping and mountain services; everything you need is just a short walk from your door.

Trailside consists of five distinct villages, each with unique styles, features, and ski access. Expansive views of Ascutney and Ludlow Village can be seen from many of these units, a spectacular sight at night.

Kettle Brook is one of Okemo's original slope-side communities. With Okemo's Bull Run and Kettlebrook trails just outside your door you enjoy coveted ski on/ski off access making this a prime location wtih a private setting and classic alpine style condos.

Ledgewood is a unique and contemporary complex comprised of seven buildings and located directly on the maintained Ledgewood ski trail complete with snow making. 

Snow Trak consists of twenty one single family homes on the convenient Snow Trak trail; each with beautiful views and luxurious floor plans.

Okemo Mountain Lodge (OML) provides easy access to base area slopes, main lifts and skier services. Located at the base of Okemo Mountain, this ski in/ski out condo location is a favorite option for busy skiers.

Alpen Meadows is a community of single family homes on cul-de-sac style roads with private wooded settings, convenient shuttle service to the slopes and close proximity to Ludlow Village.

No matter your preference, Vermont Properties can help you find your perfect location both on and off Okemo. Come Live Where you Play!

 

 

Buying or selling a second home: Have someone in your corner

Buying or selling a second home is unlike dealing with your primary residence. There are many challenges to this process. The biggest obstacle is that you are likely not even in the state where you have decided to purchase or sell.

For buyers, social media brings everything right to your fingertips. You can research an area, find your perfect spot and even zero in on a couple of properties. Ultimately, you will want a professional Realtor® in your corner. Your Realtor® will manage all the back and forth work and eventually help negotiate the sale or purchase of your second home. A great agent will also work on your behalf with local service providers, contractors, and attorneys etc., to get every last detail in place. A real estate agent with knowledge of the area, local markets and preferably one who specializes in second homes will be your eyes and ears locally.  Some agents now have the designation of RSPS (Resort and Second Property Specialist). These are agents with advanced certification who specialize in buying, selling or managing properties for investment, development, retirement, or second homes in a resort, recreational and/or vacation destination.

Once you have made the decision to buy or sell your second home, your next big decision will be who to call. If you are in Vermont near the Okemo/Ludlow Valley your decision is quite easy. The agents at Vermont Properties and Development are your local specialists for second home properties, both Kathy and Alyson have their RSPS designation. With a combined 40 years of experience in this area, Kathy, Alyson and Kevin can meet all your needs from start to finish and beyond. And when the hard work is done and you have successfully purchased or sold your second home; they do not forget about you. You are now part of their Vermont family; the team is with you long after the closing. You can call on Vermont Properties for all your future needs. Sometimes it may just be a call to check in and say hi! That is the best call of all.

Vermont Properties Real Estate TeamVT Properties & Development

 

Seasonal Rentals on Okemo- A Great Option to Explore

Seasonal Rentals can be a great option for people who do not want to commit themselves to purchasing a second home in Vermont. "The Season" which generally runs from mid-November to mid-April is prime time to experience all the winter fun of the Okemo Valley.

From slope-side ski condos to single family mountain homes or lakeside properties, there is something for every budget. These rentals typically come with many amenities that owners enjoy; these amenities are extended to the renter for the entire season.

If you already own your piece of Vermont and find that you do not use it throughout the season, you may want to consider renting it out. Renting out is a great way to offset costs and having people use your home in your absence helps keep the property in good working order. Just be sure to have a professional agency like Vermont Properties manage the details of your rental.

Many folks who now own their place in Vermont started out doing a seasonal rental. After all, once you experience the Vermont lifestyle, you are called back to the Green Mountains time and again.

So, come to Vermont, find a nice seasonal rental to suit your needs. You will likely decide that you want to stay as often as possible and buy a home of your own to enjoy our four-season area.

Vermont Properties and Development can help you find your seasonal rental or buy that second home you've been dreaming about.

Whether you decide to rent or buy....Come join us in Vermont, we look forward to meeting you!

4-season resort drawing ALL PROPS

Right Time for First Time Home Buyers

As we watch the economy rebound, real estate sales have been a strong indicator of overall economic health.

As we anticipated, fast, cash only sales are declining. As the real estate market improves and inventory declines we are poised for rising home prices just as interest rates are increasing. With this in mind it may start to look like you could be priced out of the housing market. However, some believe now is the perfect opportunity for first time buyers to get their foot in the door before the end of 2014.

Home prices are still off their high

Home prices are rising, but considering how far they fell in 2008 there is still some great deals to be had. According to the S&P/Case-Shiller Home Price Index, average U.S. home prices are currently at summer 2004 levels.

As the economy improves, first time home buyers will likely see significant appreciation in the years to come if they are able to get in now before both prices and rates increase.

Interest rates are expected to keep rising

Although interest rates are still very low, they are rising. Some experts believe that rates could reach 5% by the end of 2014. A percentage point here and there may not seem like a lot but even a small bump in interest rates can mean a significant jump in your monthly payment.

A good example: consider a $400,000 mortgage at 4.2%. You will pay about $300,000 in interest on a 30-year mortgage. Increase that by a mere .7% (4.9%) and your overall payback increases by more than $60,000 over 30 years, that is more than $360,000 in interest alone!

Rental costs are also rising

This is where the first time home buyers need to really think about the costs of home ownership. While there are compelling reasons to rent rather than buy, these reasons are usually personal in nature, i.e. you move around a lot, your job location changes, etc. A good rule of thumb when you feel like it is time to put down roots is to consider the price/rent ratio, your buying power and the local housing market.

Overall, you should look at your personal finances and really consider if buying is right for you. It may not be, but consider that experts believe that it is unlikely the housing market will be as appealing next year. Interest rates and home prices are both likely to be considerably higher and you may indeed find yourself priced out of the market in more ways than one.

If the time is right for you to buy a home Vermont Properties can help you find your home on or off Okemo Mountain, in the Lakes Region and the Okemo Valley. Stop by and say hi!

sign with flowers

Real Estate Sales a Good Indicator of a Recovering Economy

It is difficult to keep track of the recovering economy and all the factors that come in to play. One clear indicator of our economic state is real estate sales. Quite often the state of real estate sales are a clear indicator of an economy's strength (or weakness). Sales have been strong across the board with the northeast leading the way. A report in May shows that buyers swarmed builder lots allowing the real estate market to experience the biggest gain of new home sales in 22 years.

While demand for new homes climbed in all four regions of the country, the Northeast led these sales with a 54.5% jump. Sales of existing homes also increased by their largest gain in three years, up by 4.9%

Growing demand for new homes will give a much-needed boost to the construction industry, which in turn will boost economic expansion.

"Confidence is percolating up through the economy, making people reach for big purchases like new homes," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York,"

As confidence in the economy increases, potential buyers finally feel as if they are in a position for long-term stability. This feeling of economic stability coupled with still low interest loans and slow home price increases continue to support home ownership affordability.

This frenetic pace has been felt here at Vermont Properties and Development. The traditional "slower season" did not materialize this year and we expect to remain just as busy. We have both the staff and  listings of existing homes and building lots both on and off the Mountain. We can meet your needs in the Okemo Valley on Okemo Mountain and in the Lakes Region.

Check out our website for details. Or stop by our office at 29 Locust Hill Rd in Ludlow, VT. We are across from the Okemo Golf Club.

good office pic summer small

Spring has sprung and so should you!

Lowering inventory has been a national headline grabber. Following an exceptionally busy winter selling season, we are anticipating the spring selling season will bring a surge of new properties to market.

This is a time of year when buyers and sellers come out of real estate hibernation. Considered to be one of the best times to list your home, it also becomes a great time for buyers to take a fresh look at what is on the available.

Sellers, if you are thinking about listing your home we are already entering the best time to get your house ready to list and sell.  Typically this process starts in February when the snow is still on the ground. As the snow melts people are venturing out and taking a look around. With a renewed sense of energy the market can take off quickly as the summer progresses.

Although the spring is prime listing season, no need to worry if you weren't ready in time. The most important item in your arsenal is an experienced local Realtor®. These professionals can help you any time of the year get the most out of the real estate market, whether buying or selling your home. We are fortunate in Vermont to have a true four season state and local Realtors® know how to take advantage of all that Vermont has to offer

Stay informed about the local market. Vermont Properties and Development can help you find your perfect home no matter the season. Give us a call at 802-228-8877 or stop by our office at 29 Locust Hill Road, Ludlow; across from the Okemo Golf Club. Heidel-View-Fox Run B-6

Is it a buyer's or a seller's market

People ask us all the time; "is it a buyer's or a seller's market? ".

This is often a difficult question to answer. With that said, all indications point to BOTH! Having all of the conditions come together to create this scenario is rare.

Nationally, the housing market is the strongest it has been in the past 5 years. Indicators in existing home sales, available inventory and median sales price all point to a national housing market recovery.

The question for Vermont real estate buyers and sellers is how the national housing market translates to our market, especially in the resort areas, which can be very different than the primary home market.

While there is a notable increase in home sales in the entire state of Vermont, there are significant variations in the price categories. Homes between $500,000 and $1,000,000 sales increased 36%. Homes in excess of $1,000,000 sales increased 55% in the same time frame. These figures indicate that the luxury and higher end markets are becoming more robust than they have been in years. (Statistics pulled from NNEREN 2012-2013)

This higher end market in Vermont tends to be primarily second homes. The increase in sales in what is considered the luxury market is attributed to gains in consumer confidence, improved economy and improving job market. These factors make more Americans comfortable spending discretionary money on summer and winter vacation homes.

As Vermont's inventory continues to be absorbed, the pressure on the price points will be reduced and the market will continue to improve.

So if you've been waiting for the right time to dive into home ownership, all indications point to that time being now. With a combination of stable prices and low interest rates and reduced inventory, it really should be great for both buyers and sellers.

Give us a call today at Vermont Properties and Development. Representing both buyers and sellers, we are here to help you navigate this complex market to your advantage.

Okemo Ridge-Privacy on Okemo Mountain

As we round out  a spectacular season in the Ludlow/Okemo area let's take a look at the other condo complexes on Okemo Mountain.

Okemo Ridge and other mountain condo complexes

Consisting of two private homes and two duplex homes tucked in the woods, Okemo Ridge sits just a few steps away from the Kettlebrook trail.  These homes have dramatic stone fireplaces and unique architecture, fitting perfectly in this year round mountainous setting.  Enjoy the privacy of a single family home or townhouse in the secluded area of Okemo Ridge, one of Okemo's favorites.

OYukon Kornelius Okemo Mountain Resortkemo offers several other complexes that are not direct ski on ski off.  Many of these mountain communities are serviced by the Okemo Mountain shuttle system. These include Westwoods, Okemo Village, Alpen Meadows, Alpine South and many more.

Check out our Condo Guide  and map for an overall picture of the mountain layout. We are here to answer any questions you might have and are available 7 days a week when you are ready to look at properties on or off Okemo Mountain.

Snow Trak: Second Home Ownership Made Easy

Snow Trak Homes at OkemoSnow Trak complex, located on Okemo's Snow Trak trail, consists of 21 single-family homes with large, luxurious floor plans. Plenty of space for the entire family with room to spare. Walk to the Kettlebrook trail in the morning and ski directly home on the Snow Trak trail.

Enjoy beautiful views, tennis court and great trail access with snow making on the Snow Trak trail.  This is slopeside second-home ownership made easy, with the benefits of belonging to an association coupled with the comfort of a single-family mountain home.

Check out our Condo Guide  and map for an overall picture of the mountain layout. We are here to answer any questions you might have and are available 7 days a week when you are ready to look at properties on or off Okemo Mountain.

 

Trailside Village: A Unique Mountain Community

Trailside Okemo ski condosThe Trailside community consists of four villages, each with unique styles, features,  and ski access. Several layouts are available, ranging from one- to four-bedroom units. Expansive views of Ascutney and Ludlow Village can be seen from many of these units, a spectacular sight at night. As you wind up the Mountain, you suddenly realize how truly high up you are. These split-level units are located along the popular Sachem Trail, at the base of the Glades chairlift.

This mountainous setting provides a more spacious feel with room to roam. In the winter you have the convenient trail access without having to fight the crowds. In the summer months, enjoy the cool mountain breezes as you sit on your deck and take in the views. Village amenities include an outdoor swimming pool, tennis courts, and summer picnic area.

Check out our Condo Guide and map for an overall picture of the mountain layout. We are here to answer any questions you might have and are available 7 days a week when you are ready to look at properties on or off Okemo Mountain.