2012: Real Estate Market Improving

Woodstock Market Trends: The “Under 500K” real estate category has shown marked improvement in the first half of 2012.

Who doesn’t like to look at the beautiful real estate ads, imagining the ideal location and property for that “dream home”?  Everyone has a different idea of what that dream is about — something utilitarian to raise a raucous, active family or something quiet, sweet and whimsical in which to retreat. Vermont pretty much offers it all. Mostly, Woodstock Early Bird puts the real estate fliers and papers down and let’s out a sigh as we return from our reveries to the “real” world. However, we have seen a most interesting graphic, provided by Snyder Bassette Real Estate  that indicates people ARE out buying.  The statistics, provided by John Snyder of SBRE, show that homeowners whose listings are under “500K” seem to be “moving” their property along.

According to Snyder,  the number of homes sold in the seven towns that make up the Greater Woodstock Real Estate market is up 25% in the 1st half of 2012 vs the 1st half of 2011.  Interestingly,  virtually all of these sales have been for homes priced under $500,000.

Snyder says the market for higher priced – often second homes and retirement homes – has yet to pick up which he notes is typical of what has been a fairly long economic recession and recovery. He says it all  starts at the grass roots (jobs) level and works it’s way up into more discretionary – and expensive – buying.

2 responses to this post.

  1. Posted by Bruce Seely on July 3, 2012 at 12:42

    Now if only the banks would loosen up on all that money they are sitting on. I’m not talking about going back to the questionable practices of pre great recession, (which got us here in the first place). But I’d rather go through a full body cavity search than apply for mortgage again at this juncture.

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