How Will Stowe High School’s Number One Ranking Affect Stowe’s Real Estate Market?

How Will Stowe High School’s Number One Ranking Affect Stowe’s Real Estate Market?

US News and World Report recently ranked Stowe High School as the best high school in Vermont. This ranking is based on the students’ test results on the New England Common Assessment Program and the school’s graduation rate of 90 percent. As the news of Stowe High School’s national recognition of its academic excellence spreads in the community and the state, it is likely to have a positive impact for both buyers and sellers of Stowe real estate.

What Makes Stowe High School Number One in the State?

US News and World Report considered Stowe High School students’ performance in three areas of the New England Common Assessment Program: the students’ readiness for college (54 percent), their proficiency in math (57 percent), and their proficiency in reading (86 percent). Additionally, out of the 21,776 schools in the United States ranked by the magazine, Stowe High School ranked 285 in the country, placing it in the top one percent of the schools evaluated by US News and World Report.

Stowe High School is also highly ranked by parents and students of the school. They appreciate the low teacher to pupil ratio of 13:1, which is almost unheard of in public high schools in the United States. Additionally, the school offers an exceptional Advance Placement program in which 66 percent of the students take part. Stowe High School also has an excellent art and music program along with a variety of sports.

Stowe’s Real Estate Market Stands to Benefit from Stowe High School’s Accomplishment.

The Stowe real estate market has withstood the recent housing crisis and recession with minimal reduction in home values. The popularity of Stowe as a year-round tourist destination attracts both investors who want to offer homes as vacation rentals as well as families who want a second home to use for get-aways. The recognition of Stowe High School is likely to increase the demand for families looking for a primary residence in the Lamoille South Supervisory Union 26 School District to take advantage of the excellent public schools. The increased demand for residential homes is beneficial for sellers, as it will create an upward trend in home values, which will encourage homeowners who have been sitting on the sidelines to put their homes on the market. Buyers will benefit from the increased selection of homes intended as year-round residences as opposed to vacation properties.

Currently, there are 245 new and resale homes listed in Stowe, with an average listing price of $687,389 and an average sales price of $463,192. The last home in Stowe sold for $275,000, which is a reasonable price for most families. Given that there are no foreclosures listed in Stowe, home values do not have the downward pressure that homes have in areas with a high number distressed properties. With the timeless natural beauty of Stowe, the area’s broad range of leisure and recreational activities, and nationally recognized excellence in public education, homes in the Stowe real estate market will be in demand and will hold their value for years to come.

Contact Pall Spera Company Realtors today to learn more about buying and selling real estate in Vermont.

Pall Spera Company Realtors
1800 Mountain Road
Stowe, VT 05672
802-253-9771
info@pallspera.com
http://www.pallspera.com/