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“I’ve never experienced anything like this in my life in terms of individuals buying homes sight unseen,” said Leslie Anderson, a paralegal with Stevens Law Office in Stowe. “There’s hardly anything on the market right now. And I would say predominantly, the majority of the transactions we handled were cash deals and none were under $500,000.” The Stowe housing market is experiencing unprecedented pressure, mostly from a massive influx of wealthy out-of-state home-buyers. Available homes are few and far between — with nothing on the market for less than half a million. A recent review from the Vermont Center for Geographic Information using data from the department of taxes illuminates this jump with eye-popping numbers. The review found a 38 percent rise in the state when it came to residential property sales involving out-of-state buyers in 2020, a jump to 3,795 sales from 2,750 sales in 2019.

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