Vermont Median Real Estate Prices Slipped In Early Winter

first_imgVermont Median Real Estate Prices Slipped In Early WinterMONTPELIER ­ Median prices of single-family homes in Vermont fell a bit in late fall and early winter compared to a year earlier, though the decreases were much less than were seen in many other states, according to the April – May issue of Vermont Property Owners Report. The slight dip came after several years of declining sales volume in Vermont.The median price of single-family primary homes processed by the Vermont Tax Department in the November 2007 through February 2008 period ­ $204,400 ­ was 2.6% lower than in the same time period a year earlier, and 6.6% lower than in the May to August period last summer, the newsletter said.The median price was particularly low in December, then rose above $200,000 again in January and February. Data for sales processed in March indicates the median price has remained level, though this is a time of year when there are relatively few sales processed by the state.The early winter decline in the Vermont median sales price was not as large as occurred elsewhere, partly because Vermont has had less subprime mortgage lending and foreclosure activity than other states. According to the Case-Schiller index of existing-home prices in 20 large cities nationwide, home values in January 2008 were 10.7% lower than in January 2007. In Miami, FL, housing values dropped 19.3% over the same time period.Median prices for single-family homes in Vermont have been rising for many years, but the rate of increase slowed in recent years as sales volume dropped off. In 2004, there were 8,388 single-family primary home sales processed by the state; by 2007, that number dropped to 5,586, a 33% decline.The overall real estate sales volume continued to fall in recent months. In the November 2007 to February 2008 period, the number of property transfer tax returns submitted to the state fell 21.4% from the same time a year earlier. Property transfer tax revenues were off 26.5%.Heavy snows and a falling stock market may have aggravated the late fall and early winter slowdown in real estate activity here. Vermont real estate brokers are optimistic that sales will pick up this spring and summer, since the inventory of properties for sale has grown, sellers are more realistic about asking prices, and there may be some pent-up demand for housing. But increasing talk of a national recession, along with tighter mortgage lending standards, could pose obstacles for real estate sales in the near term.(Vermont Property Owners Report is a Montpelier-based subscription newsletter, founded in 1986, about Vermont and Vermont real estate. For more information, go to www.vermontrealestatetoday.com(link is external), or call 802-229-2433.)###last_img read more

This luxurious waterfront home is the house most potential buyers eyed off this week

first_imgMandalay House.POTENTIAL buyers checked out an amazing waterfront Airlie Beach home more than any other home in Queensland this week.And a massive 2649sq m home with it’s own helipad, a horizon pool, seven bedrooms and nine bathrooms, it’s easy to see why it was the most popular according to realestate.com.au.The home has been listed on and off for some time now, but marketing agent Mark Beale of Ray White Whitsunday said the owners had made a renewed push to sell.Everything about the home is massive from the 144 sq m master bedroom – bigger than some apartments – to a 52 sqm walk-in dressing room.Mandalay House.There is an oceanfront pavilion with dining for 14 people, climate controlled cellar with dining for 12 and a cinema, gymnasium and pool room.The property has a 22.5m marina berth with all-weather rock wall plus two jet ski docks and boat shed.More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours agoMandalay House.Mr Beale said the home took almost four years to build and nothing was overlooked.It was last listed with an asking price of $19 million, although Mr Beale said the owners were negotiable.“We had four inquiries last week one from New Zealand and the others around Australia,’’ he said.Mandalay HouseBeale said the owners were keen to sell as they had relocated. He said during cyclone damage very little occurred to the property, a few trees were lost and a piece of guttering.Feast your eyes on more Aussie dream homes…Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:22Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:22 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.All aboard this floating abode 01:22 Related videos 01:22All aboard this floating abode 02:00Sorrento dream home01:26Sneak peak inside 661 Chapel Street01:59Dream Home: Carlton01:36Dream Home: Brookfield02:35The Converted: BlacksmithThe second most viewed home this week was 87 Tooth Ave, Paddington, followed by 8 Teneriffe Drive, Teneriffe, 44 Nathan Tce, Yeerongpilly and 22 Amethyst Crt, Carrara.last_img read more

Alpena Public Schools superintendent offers info ahead of May 7 bond election

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisALPENA, MICH — Tomorrow is election day for Alpena Public School’s highly anticipated bond proposal.Voters will decide whether to approve the 25 year bond that, if passed, will contribute to repairs and security updates for facilities across the district. Some of the major issues that will be addressed with the funds include roofing leaks and repairs, heating system improvements, and heightened security.Superintendent of Alpena Public schools, Dr. John VanWagoner, told us on our latest episode of Insights, he hopes everyone takes the time to vote, and is urging parents and taxpayers to reach out if they have questions.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis Tags: APS, bond, Bond Proposal, School, superintendentContinue ReadingPrevious Underwater remotely operate vehicle competition coming this weekendNext Alpena District Health professional explains the importance of measles vaccinationslast_img read more

Biden Taps Debate Nemesis Kamala Harris as VP

first_imgThe Democratic national convention will be held virtually next week commentating with Joe Biden making his acceptance speech on Thursday. Print up the “Biden Harris” bumper stickers. Joe Biden says that he has selected a “serious fighter” as his Vice President of nominee, Senator Kamala Harris of California…a state Biden does not need help winning.This is an historic pick as Harris is the first African-American woman to be selected as a presidential running mate. Harris’s mother is of Indian dissent and her father is Jamaican.During the first debate, Harris went after Biden on his record especially with African-Americans, specifically on bussing.This selection shows that Joe Biden does not hold grudges, according to pundits, and will put diehard Democrats at ease.Harris, 55, is two decades younger than Biden who is questionable to make it through a second term. Internally the Biden campaign thinks she can be president.Harris is still a supporter of Medicare for all and civil rights issues.  Senator Harris has a legal background as the attorney general for California.Susan Rice, former National Security Advisor, was Biden’s other top pick and she has already sent her congratulations to Harris. Rice could become Biden’s Secretary of State if he is elected President.last_img read more