What's going on in Quechee?

Weird update on sales and pendings: We went from turgidly SLOW activity throughout the winter with a couple of firesales in the $100,000s to: 4 house currently under contract priced at:

- $326,900, $599,000, $639,000, $659,000!

That's a huge change and a maybe the beginning of a trend. Are they smart people who cashed up before the stock market went totally strange and are dumping money into real estate? I hope so!

Quechee Sales

Four homes have sold in Quechee Lakes since September 18th of 2008. That's right...four. All have been, if not fire sales, very undervalued. Are we seeing the beginning of the Over-correction phase of the pendulum?

The stone chimney in Reading, Vermont just after Mud-Season.

The local real estate market continues to be a Buyer's Market, although Seller's that are realistic about the value of their properties are having success.

Here are year to date sales for homes in the area from January 1st to May 10th. These are homes that have been sold through the MLS.

Reading, VT: 645 Rt 106 List: $134,900 Sold: $128,500

750 Stone Chimney $ 169,900 $169,500

425 Bartley Rd $299,000 $232,900

Brownsville,VT:

975 Ski Tow Rd $269,900 $255,000

Woodstock, VT:

9111 Dana Rd $199,999 $190,000

541 Woodstock, Rd $237,000 $185,000

3541 Fletcher Hill $279,000 $214,000

45 Thomas $319,000 $319,000

2111 Austin Rd $349,000 $330,000

2754 Churchill Rd $495,000 $452,000

2182 Birch Way $739,000 $685,000

318 Prosper Rd $795,000 $725,000

27452 Church Hill Rd $1,150,000 $997,100

Notable: In the entire Town of West Windsor ( Brownsville ), Vermont only one ( ! ) house has sold ALL year, and that, a small house in the Ascutney Mountain Resort.

For the same period last year five had sold and they ranged in price from $290,000 to $1,062,500.

Ice floes tossed up onto the 2nd tee area of the Lakeland Course at Quechee Lakes Resort. It won't be long, golfers!


Sales in Quechee Lakes as of March 31, 2008:

3 homes
8 condos


Last year for the same period:
8 homes
3 condos

Very interesting.

Recent Sales in Reading, Vermont

The Stone Chimney on Stone Chimney Road in Reading, Vermont.





Ok, since November 27, 2007 there have been 10 sales in town. 5 of these were raw land: 7.3 acres on Stone Chimney Road Extension for $44,000.

168 acres on Grasshopper Lane: $575,000

20.9 acres on Spear Cemetary Road: $290,000

355 acres on Hale Hollow Rd: $725,000

514 acres on Grasshopper Lane: $1,200,000

5 House or camps:

852 Rt 106: $237,000

162 Caper Street: $235,000

441 Fox Run Drive: $207,000

Off No. Puckerbrush: $$250,000

299 Malagash RD.: $640,000

Not a bad 3 months, especially for the dead of winter.

Speaking of the Jenne Farm. Here is a beautiful close up. Beautiful light!

Found this incredible, panoramic photo taken from Bald Hill in Reading, Vermont. The slash across the hill in the center is Stone Chimney Road, and the little red farm on the right is the famous Jenne Farm.