Vermont Country Properties Sotheby's International Realty Reports Spike in Luxury Million Dollar Home Sales

MANCHESTER, Vt., July 25, 2013 /PRNewswire/ -- Vermont Country Properties Sotheby's International Realty, the largest resort and vacation home real estate agency in Vermont, is reporting a spike in luxury and second home sales exemplifying a growing trend in vacation markets across the country. More specifically, the real estate agency is seeing a rise in home sales in excess of a million dollars. They recently announced eight sales of luxury homes in the million-dollar plus category including the most recent sale of a Dorset residence, on July 11th, which sold for $2.5 million. In addition, a luxury slope-side home on Stratton Mountain that is listed for $4.25 million is expected to close by the end of the July.

"There's no doubt that the Vermont luxury home market is heating up," said Lisa Coneeny, President and Principal Broker at Vermont Country Properties Sotheby's International. "As the economy continues to rebound, we are seeing a stronger market with more sales in the million-dollar plus category."

According to Coneeny, a total of 49 properties sold for over $1 million in 2012 and year to date in 2013, there have been 36 properties that closed for over $1 million.

Vermont's increase in second home sales is exemplary of what's happening across the country in major vacation markets. According to the National Realtors Association, second-home sales climbed 11 percent last year to 553,000. A meaningful uptick in vacation-home transactions is expected to continue through the end of the year.

Serving as the largest resort and vacation home real estate agency in the state, Vermont Country Properties Sotheby's International Realty has a database of over 450 listings. From mountainside condos to sprawling country estates, they have access to some of the state's most coveted properties. For more information, or to reach one of their five offices, visit vermontcountryproperties.com.

About Vermont Country Properties Sotheby's International
As the largest resort and vacation home real estate agency in the state, Vermont Country Properties Sotheby's International Realty is a proven expert in buying, selling and renting Vermont homes, Vermont ski homes, ski-in/ski-out condos, equestrian estates, buildable land and more. Offering unparalleled seller and buyer representation, VCP offers local expertise coupled with unmatched regional, national and global connections obtained through a worldwide network. With representatives and offices throughout the state, Vermont Country Properties Sotheby's International Realty are long-time Vermont residents with a deep and abiding love for Vermont, its towns and people. For more information, please visit VermontCountryProperties.com.  

CONTACT:
Mindy Valone
CM Communications
617.536.3400 / [email protected] 

SOURCE Vermont Country Properties Sotheby’s International Realty