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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.

New yorkUnited statesLamoille countyTim morrisseyPhil scottLeslie andersonKerrie lohrStevens law office in stoweHousing partnershipVermont legislatureLamoille county housing partnershipPall spera real estate company in stoweFederal reserveVermont centerStevens law officeGeographic information