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Nancy Jenkins, CRB, CRS

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Fall In Vermont!

by Nancy Jenkins, CRB, CRS

Fall may seem it is coming to an end as we are seeing temperatures drop, trees almost bare and the sight of winter just around the corner! Winter doesn’t officially start until December 21st but we can all agree that it is feeling more and more like winter by the day. Let’s take a look back on the great start to fall we had here in Vermont!

Whether you hiked one of our high peaks like Mount Mansfield to enjoy the foliage or you just took a stroll through Shelburne Farms to admire the views, we hope you were able to get out and enjoy everything our amazing state has to offer!

Our team was very busy getting out to all of our properties to update our fall photos. You can find all of our listings here, but below is a glimpse into some of the great foliage shots we were able to capture.

The home at 280 Brigham Hill Road in Essex was shining all around with golden leaves and the mountain views were full of an array of colors. Picture yourself sitting on your stone patio here just taking it all in.

 

 

 

 

 

 

In Fairfax at 270 McNall Rd, the trees, meadows and especially the views were full of light. This home takes full advantage of the Mount Mansfield views. Watch every step of the foliage change right from your home.

 

 

 

 

 

 

New construction is happening in Richmond! The brand-new home going up on Swamp Road is the heart of the foliage in this area. Watch the leaves change from every window in your home.

 

 

 

 

 

 

46 Potter Road in Fairfax is an outdoor enthusiast’s dream! A rainbow of color’s surround you. Gorgeous land full of wildlife! A bonus, the separate workshop that is already plumbed ready for endless possibilities!

 

 

 

 

 

 

Your backyard is full of color at this Underhill home. Step right out on your back deck to enjoy all our fall season has to offer.

 

 

 

 

 

 

That is just a short look into the beauty our listings have to offer. Make sure to check out all of them here and take a tour of our 3D Matterport Tours.

Enjoy the last bit of fall and let us know if you want to check out any of these fabulous homes or any other property on the market. We are here for you!

2018 Scholarship Winners!

by Nancy Jenkins, CRB, CRS

This is the 21st year we have awarded the Nancy Jenkins Scholarship, which provides $1,000 in tuition support for two college-bound high school seniors. We were delighted to receive a number of applications, all from teens showing a terrific determination to succeed in their life goals. 

Congratulations to our 2018 Winners!

Zeynep Barut From Burlington High School will be attending UVM studying Early Education. 

Taylor Sexton from Colchester High School will be attending CCV studying Wildlife Biology. 

It is our honor to help our young people learn and grown and we wish them much success in their studies and their future. 

Private Yet Convenient!

by Nancy Jenkins, CRB, CRS

Do you want all that Vermont has to offer? You want to be close to town, but have some land to roam, privacy, and your own oasis. We have some properties for you! Check out some of our great Vermont properties below.

4601 Mount Philo Road, Charlotte

Enjoy rural ambiance only a 20-minute drive from bustling Burlington! This meticulously maintained 3900 square foot contemporary home on 15 wooded acres offers a highly functional open floor plan with a two-story great room. Large screened in porch. Enjoy moonrises over Camel’s Hump and geese flying over nearby iconic Mt. Philo from the great room or the sweeping deck. A nature lover’s delight!

 

87 Sawmill Road, Essex

Spectacular Long Valley views out over the Green Mountains and toward the western mountains and sunsets. Our custom designed contemporary home sits perfectly on 28 acres with barn, pond, high meadow and woods. Great room with 16’ ceilings and three walls of high windows featuring a fireplace, gleaming maple floors with cherry accents made from wood harvested on the land. You have to see the views to believe it!

 

292 Monkton Road, Charlotte

Magical is the only description for this 90-acre private retreat. Over a mile of Lewis Creek frontage with a waterfall and sandy beach. There is a beautiful high meadow and gorgeous deep forest. Your home overlooks a huge pond with twin islands. It looks onto beautiful Mount Philo, Vermont's first state park. Breathtaking views of an ever-changing landscape, sunsets, deer, migrating herons, ducks, geese and other wildlife. Paddle, fish and hike your nature paradise.

 

280 Brigham Hill Road, Essex

Mountain views on just over 10 acres! Wonderful modern country property with 4 bedrooms and a bonus room. This home has a wonderful indoor/outdoor appeal including an eat-in kitchen that extends right out to the blue stone patio. All of this just 10 minutes to Essex Shoppes & Cinema and a short drive to Burlington!

 

307 Brigham Hill, Essex

Gorgeous home with just over 41 acres in Essex Town! From the moment you step in, it just feels like home. The screen porch will carry you into the summer days to laze away by the pool or sit and chat on the front porch. Go for a hike on your own land! Easy commute to Burlington and minutes away from shops, dining, events and activities.

 

57 Nashville Road, Jericho

Delightful country 4-bedroom cape on a private 3 acres lot! Sunny yard, lovely for gardening and playing. Relax on your deck and listen to the sounds of the bordering stream. Great location for the outdoor enthusiast – close to the Long Trail for hiking, Bolton Town Forest, Bolton Valley Resort for skiing and boarding and the West Bolton Golf Course. This home is located less than 10 minutes to I-89 for an easy commute yet is nestled in a private country setting with only a short drive to the village and schools.

Don’t see the right property for you? Explore other area homes here or give us a call at 802-846-4888 and we’ll help find the perfect home for you!

 

March Newsletter

by Nancy Jenkins, CRB, CRS

      

Your Market Update
Spring is Officially Here!
 
The sap is running – our Vermont annual rite of spring is here. The clocks have sprung forward and we hope the last snow storm has come and gone. It was a cold start to the year but the last of the snow is melting and the sun is setting later each day.
 
The real estate market for 2018 is off to a good start and picking up steam as we get into the Spring Market. The number of single family homes that closed in Chittenden County during January and February was 114 which is up 12% from last year. The number of properties under deposit in January and February was 163 this year compared to 143 for last year an increase of 20%.
 
There are 238 single family homes for sale as of March 1st compared to last year’s inventory of 355. Condominiums also are strong with 60 closed and 90 under deposit for January and February and yes there are only 112 available as of March 1st. There are fewer properties available and as they come on the market many are going under deposit quickly. Fewer homes on the market is positive for sellers and this trend has been seen throughout the country.
 
The Vermont economy is steady, interest rates remain at affordable levels and prices are seeing modest appreciation. This is the recipe for a healthy real estate market and one that you should take advantage of. If you are thinking of a move this summer now is the time to get your home on the market, call for how we can help make your move this year a reality.
 
Will the Federal Reserve raise rates again? Yes- the Fed has indicated that they will and may raise rates up to three times. This is the time to act if you are in the market now as the combination of lower inventory and higher rates make finding a new property more challenging. There are great choices out there and we are seeing an increase in new construction and that has been going strong.
 

This Month's Giveaway to Wendell's Furniture!

Stoweflake Spa

This month we are giving away a $100 Gift Certificate to Wendell's Furniture!

For your chance to win CLICK HERE!

Our Coupons to Spare Time Bowling & City Sports Grille!


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Featured Listing!
Recently Reduced in Price!
 
South Burlington - $750,000
 
One of a kind townhome located on the 18th green of the Jack Nicklaus Signature 2 Golf Course. An exquisite home in Ironwood at Vermont National Country Club with sunset and Adirondack views. Great room with hardwood floors, architectural details, gas fireplace, and views to the South and West. Glamorous kitchen with custom Tiger Maple cabinetry and upscale appliances. After dining adjourn to the circular three season porch and out onto the privately landscaped grounds, deck, and patio. The first floor bedroom/den with fireplace and tiger maple paneled walls opens on to the rear deck. Second floor master suite is an in home retreat with both sleeping and sitting areas and a cozy gas fireplace. Third Bedroom is up with its own private bath. Lower level family room with media area and modern stone accent wall. State of the art lighting, whole house surround sound. Extensive landscaping with privacy, decorative berm on our oversized corner location
 
SPECIAL THANKS TO FRIENDS WHO SENT US THEIR FRIENDS
Lisa Gaudette, Mike & Sarah Kitchen, Scott Funk & Roger Pinan
CLIENT TESTIMONIAL
“We were first time home owners, working with Lori made the process very easy. Her attention to detail and experience in the realty world was extremely helpful! Highly recommend working with her in the future and would recommend her to family!”
Samantha Weber - January 31st, 2018
 

Home Away from Home - Winter Getaways in Vermont!

by Nancy Jenkins, CRB, CRS

Vermont is a ski and snowboarder's dream! Our state may be small, but when it comes to ski resorts, we don’t fall short of incredible locations. Vermont offers some of the best downhill skiing and snowboarding experiences in the country. From the big-slope options like, Stowe or Killington/Pico to the small Vermont mountains, we have something for everyone. Check out our full list of resorts here


Live here full time and enjoy the slopes throughout the season or visit us on the weekends for a fun getaway. Do you love visiting for a day on the slopes but hate having to stay in a hotel every night all cramped with the kids? Does it get expensive to pay for the ski pass, hotel and eating out all weekend? We have the perfect solution to make your weekends in Vermont optional. Buy a vacation home, block off the weekends you want to be here and rent it for the rest of the year!

No more checking into hotels, eating at restaurants all weekend bcause you are lacking a kitchen, storing your gear in the car because you don’t have space in your room, and worrying about being too noisy after quiet hours!

 

Let us find you the perfect getaway! Pay for your ski weekends with the income from your rental. Conditions are great here, what are you waiting for?

Let’s make Vermont your home away from home. 

Fall Newsletter!

by Nancy Jenkins, CRB, CRS

Fall is arriving and with it the beautiful foliage that will have leaf peepers from all over the country coming to visit Vermont. Now is a great time to take a drive through the back country roads to view the brilliant autumn colors around every corner. Stop in for a pumpkin at your favorite farm stand, head to the orchard for apple picking and enjoy the glorious fall sunshine.

This year the Fall/Winter 2017 market, will I believe, continue to show steady strength. Historically Fall is strong with an increase in deposits over the summer months when children are out of school and as July and August are peak vacation months. Relocation is also strong during late fall and into the spring, which brings many new families looking for homes during a time when fewer home are typically available.

As we continue to experience lower number of homes and condos with 533 combined available as of September 1st (down 19% from last year at this time). Mortgage rates have fallen to 3.75% for 30 year zero point options, and home prices are forecasted to rise in this environment. If you have been thinking of selling a home, condo or investment property, now is a great time to consider putting it on the market- call us today.

We have much to be grateful for in Vermont and we want to always help others who are in need. With all the recent news about Hurricane Harvey and Irma and their effect on both the US and the entire Caribbean, there are many families who have lost basic shelter and need our help. The fastest way to help those in need is to send money but be sure to send to a vetted fund like The Red Cross or Global Giving. In the coming days and months, all of us need to dig deep, and share our abundance with others in need.

I look forward to our market which is strong and healthy remaining that way through the near future and into next year.

Enjoy Fall!

Call today- it will be our pleasure to assist you with your real estate needs.

- Nancy and The Jenkins Team

 

Check out this Month's Coupon to Adam's Apple Orchard & Farm Market!


(click for a larger version to print)

Thank you to our friends who sent us their friends! Irena Morehead, Sharon Bryant, Mulu Gebreselasie, Christopher Niles, Chris & Michelle Thibault

 

Client Testimonial:

"Nancy was on top of things from the get-go! She knows the ins and outs of this business for sure! Her team was exceptional as well and was very courteous and patient with me as this was my first house sale. Couldn’t have done it with them all!!! Thank you so very much!"

- Linda Alderman – August 17th, 2017

 

 

©2017 Nancy Jenkins Real Estate

 

Private Paradise, or the Middle of Nowhere?

by Nancy Jenkins, CRB, CRS

Private Paradise, or the Middle of Nowhere? 

Realtors weigh in on the value of seclusion for Vermont homes

ADAM WHITE
Free Press Correspondent

The Nancy Jenkins Real Estate calendar hits mailboxes every year, delivering 12 months of “property pin-ups” - breathtaking photographs of gorgeous homes.

Whether the houses are perched on dramatic waterfront cliffs or tucked into seemingly endless treelines of natural woodland beauty, they share one common aspect: no visible neighbors. What the calendar seems to be selling - along with the homes themselves, of course - is the idea that seclusion and privacy are essential components to elite properties.

OR ARE THEY?
“People who love privacy, love privacy,” Nancy Jenkins said. “For those people, it’s an absolute requirement when they are shopping for a home.” Yet Jenkins says those people are in the minority, even in a place such as Vermont where abundant land remains undeveloped and affords those middle-of-nowhere settings for homes.

“I see very few people who must have total seclusion,” said Jenkins, estimating that less than 25 percent of the buyers she deals with are looking for one of those “calendar homes” with few, or no, visible neighbors.

That preference is also reflected nationally. A recent survey of U.S. homebuyers by the National Association of Realtors found that while more than 60 percent listed privacy as an important factor when shopping for a home, less than 10 percent said they were interested in seclusion.

That highlights an important distinction according to another Vermont realtor, Geri Reilly.

“There is a difference between seclusion and privacy,” Reilly said. “Seclusion is when people really want to be by themselves, and I don’t see that very often. Most people want to be in a neighborhood - they don’t want a house right behind them, but they want to be able to see their neighbor’s lights.

“It’s just the comfort of knowing someone is there.” 

Whether it’s the fact that nearly every slasher-type horror movie is set at a cabin the middle of the woods, or simply the human tendency to take comfort in community, many homebuyers are made uneasy by property on which they feel too alone.

“Seclusion is very much a split decision for people,” Jenkins said. “Some of them don’t want privacy at all - in fact, they get nervous about it. They would much rather live in a neighborhood that feels like Anywhere, U.S.A.

“I’ve had some people whose biggest obstacle to a house was that they didn’t think they would feel safe there, because it was too isolated.”

‘NAKED PRIVACY’
Jenkins said some of those customers who do want to be far away from their nearest neighbors have jokingly referred to wanting ‘naked privacy,’ or the ability to behave however they’d like on their property without having to worry about who might be watching.

“Those places can be hard to find,” Jenkins said.

While the need to practice nudism isn’t exactly driving the Vermont real estate market, the broader criteria of lifestyle largely is. Many people who move to the Green Mountain State do so for its abundant outdoor activities: skiing, hiking, kayaking, mountain biking, etc.

Having a virtual outdoor playground literally right outside your door is what fuels many of the customers looking for a home far off the beaten path.

“The people who are really into the outdoors, and want to be able to go hiking and mountain biking, they want trails right on their property,” Reilly said, adding that such customers also tend to have different priorities when they look at a real estate listing. “They are more about the land itself, and less
about the house,” she said.

While that aspect of lifestyle drives some customers out into more isolated properties, the flipside - wanting to be close to amenities and more urban-oriented activities - remains a larger force in the market. Even retirees and second homeowners who come to Vermont to “get away from it all” don’t
want to be too far removed from the fulfillment of their everyday needs.

“As people retire, what they want is amenities - ideally, with walkability,” Reilly said. “They want to be able to walk to the village, walk to the coffee shop, or go get something to eat without having to get into the car.”

That sense of convenience isn’t limited to retirement-aged people, either; Jenkins said families with young children also favor more settled areas with amenities closer within reach.

“When you live in a neighborhood with sidewalks, it can be a lot easier to manage than getting everybody into the car every time you want to go somewhere,” Jenkins said.

Even younger, single Vermonters have a tendency to stick closer to the action rather than escape to a place where the soundtrack to life is provided largely by crickets.

“Take Burlington, for example,” Jenkins said. “You live there because you want to be in the mix. You want to be part of that downtown vibe, the arts and music and restaurants.”

Yet both realtors agree that the common ground between the two extremes is what is most commonly sought by homebuyers in Vermont. The ideal property is one that strikes a balance of proximity to the
state’s amenities and cultural attractions, with the tranquility you expect to get from settling down in
northern New England.

“What a lot more people want is that calm, comfortable lifestyle,” Jenkins said. “Peace and quiet - Thoreau’s Walden. That’s what people are looking for.”

That doesn’t mean those calendar homes on their expansive tracts of land are going to languish unsold on the market, however.

“Every person is different, and every property is different,” Jenkins said. “It’s all about finding the right match.”

2017 Scholarship Winners!

by Nancy Jenkins, CRB, CRS

This is the 20th year we have awarded the Nancy Jenkins Scholarship, which provides $1,000 in tuition support for two college-bound high school seniors. We were delighted to receive a number of applications, all from teens showing a terrific determination to succeed in their life goals. 

Congratulations to our 2016 Winners!

Kayla White from CVU will be attending Lyndon State College studying Nursing. 

Bidhya Chamlagai from Burlington High School will be attending UVM studying Nursing.

It is our honor to help our young people learn and grown and we wish them much success in their studies and their future. 

Welcome to Spring!

by Nancy Jenkins, CRB, CRS

The long winter has given way to warmer days, buds on the trees and I know that we are all ready to go out and enjoy Vermont in one of its most beautiful seasons. The real estate market started off cool in Northeast Vermont but was in great stride for March as 111 single family homes went under deposit up from 105 in March 2016. Sales of condominiums were also up for 2017 with 58 pending this year compared to 48 last year.

It is always hard to listen to the national home sales news and bring it back to our “neck of the woods”. The National Association of Realtors (NAR) announced that nationally pending home sales were up by 5.5% for February. Seattle led the nation with an increase in pending sales over 13 percent! The Pending Home Sales Index for the Northeast rose 3.4 percent. Vermont was actually down slightly by 10 deposits for single family homes in February, but we did not have the early spring that a lot of the nation has enjoyed.
Our March looks more like their February with increases of 5.7% for deposits and 15% for homes sold as compared to 2016.

Lawrence Yun, NAR chief economist, says February’s convincing bump in pending sales is proof that demand is rising with spring on the doorstep. “Buyers came back in force last month as a modest, seasonal uptick in listings were enough to fuel an increase in contract signings throughout the country,” he said. “The stock market’s continued rise and steady hiring in most markets is spurring significant interest in buying, as well as the expectation from some households that delaying their home search may mean paying higher interest rates later this year.”

I also took a look at our available homes which remains low with only 346 single family homes and 126 condominiums available as of April 1. It is always interesting to look at the historical data to give us some perspective. In 2001 there were 217 SFH and 43 Condos and that fell to 186 homes in 2005, which turned out to be the top of our market. By 2006 we were up to 365 and climbed to 608 in 2010. In the years following April 1st has seen the total number of listings in the mid-500 range with the exception of 2013 which had 472.

This shortage of homes and condominiums is an indicator that our market is heating up and with 30 year fixed rate mortgage interest rates in the low 4% range, demand will remain strong. Homes are coming on the market in increasing numbers and here at Nancy Jenkins Real Estate we placed 19 properties on the market in March and are adding new properties each week. Check out www.nancyjenkins.com to catch the newest listings as they arrive for you to view.

This is not the lowest inventory we have seen but it is a tight market especially below $400,000. The majority of buyers are looking in that range and it has the fewest homes and properties available. This is the best time to put your home on the market and I urge buyers to take advantage of the low rates and be in the market to secure the new home or property that best fits their needs. There are many options for a buyer to consider in the new construction arena and the smell of new wood and the ability to add your personal touches make building a wonderful alternative.

Call us today to let us help you market your property and to find the new one that fits your needs today.

Nancy and The Jenkins Team                                                                ©2017 Nancy Jenkins Real Estate

THIS MONTH'S GIVEAWAY AND COUPON!

This Month's Giveaway to Lake Champlain Shoreline Cruises!

Stoweflake Spa

This month we are giving away a complementary scenic cruise aboard Lake Champlain Shoreline Cruises, Spirit of Ethan Allen to anyone who registers (one per person).

1 College Street
Burlington, VT 05401

soea.com

For your chance to win CLICK HERE!

This Month's Coupon to Renaissance & Endeavour Schools and Archie's Grill!!


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CLIENT TESTIMONIAL and THANK YOU'S

"My buyer representative, Lori Mallette, is first class. I never would have found my home without her. Her persistence finding properties to view and her understanding of what I wanted in a home made all the difference. Her patience with me as an edgy first time home buyer was incredible. As frustration mounted and I wanted give up, she encouraged me to stick with the plan in a difficult housing market with thin inventory. If you want top shelf professionalism and someone looking out for your best interest, work with Lori Mallette."

- Scott Hinman – February 7, 2017

Friends Who Sent Us Their Friends

Priscilla Dube, Geoff Adams, Renee Lafountain, Danielle Harris, Erin McKechnie & Holly Wooster

Great Loan Programs!

by Nancy Jenkins, CRB, CRS

Are you sick of your family and friends telling you to buy a home? You don't think you can afford it or you don't think there is a home out there for you? There are properties out there where your monthly loan payment is less than what you are paying for rent! You won't have to worry about your upstairs neighbor playing their music too loud or their dog barking in the middle of the night. You'll sleep soundly in the quiet of your own home knowing you're not only saving money, but you're putting it towards something you own!

Here at Nancy Jenkins Real Estate we have the following properties and more, where you could put your monthly rent check towards a home of your own! Remember, your rental prices can fluctuate after your lease term, lock in a great mortgage payment today!

   

164 Pearl Street, St. Albans - 5 Little County Road, St. Albans - 12 Huntington St., St. Albans

Fairway Independent Mortgage has some amazing programs right now for home buyers! Check out some of the great programs below. 

The MOVE program offers home buyers VHFA's lowest interest rate. Benefits of the MOVE program are:

  • ​​Low interest rates 
  • Low down payment options
  • Lower monthly mortgage insurance payments
  • Savings of up to $825 on the Vermont Property Transfer Tax

The Advantage program ensure more Vermonters than ever before are eligible for VHFA mortgage loans. Benefits include:

  • No first-time homebuyer requirement
  • Low down payment options
  • Lower monthly mortgage insurance payments
  • Savings up to $825 on the Vermont property Transfer Tax

The ASSIST program can help Vermonters buying their first home overcome the hurdle of having sufficient cash for closing costs associated with a first mortgage. The mount of an ASSIST loan cannot exceed the amount of your actual closing costs and required down payment related to the first mortgage. Benefits include:

  • 0% interest rate with no monthly payments
  • Up to $5,000 for down payment and closing costs
  • Funds are provided in the form of a second mortgage
  • To qualify, you must be purchasing your first property

*Information on loan programs provided by Fairway Independent Mortgage. For full details please contact Fairway. 

Call us today at 846-4888 and we can help find you the perfect home while pairing with Fairway to help find you the perfect loan! We are here to help make your dream of owning a home come a reality!

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Nancy Jenkins
Nancy Jenkins Real Estate
140 Kennedy Drive, Suite 102
South Burlington VT 05403
802-846-4888
Fax: 802-846-4899