HEARD ON THE STREET: 12.1.16

Inventory Of Homes For Sale is Low

MONTPELIER — It’s a seller’s market. The number of single-family homes for sale in Montpelier in October was just 18, well below average and down from 43 one year earlier, according to statistics from Vermont Realtors. That translates to a 3.2-month supply of homes for sale. Nationally, anything below a 6-month supply is considered a seller’s market.

The number of sales in Montpelier so far in 2016 is close to 2015 levels, which means the drop in inventory has largely resulted from fewer homes coming on the market. There were 72 new listings so far this year, down from 91 in the same time period a year ago, a 20.9 percent drop.

Inventory is down in other towns, though less so on average than Montpelier’s 58.1 percent inventory decline. Washington County single-family inventory in October was 13.9 percent below October 2015, while statewide inventory fell 20.8 percent in the same time period.

Prices here have held fairly steady. The 2016 median price of a Montpelier single-family home through October was $247,000, up 1.6 percent from a year earlier median price of $243,000. The median condo price in Montpelier was down 1.2 percent to $163,000.

 

Antiques Market To Benefit Vermont Center For Independent Living

BARRE — An indoor Antiques Market held at the Socialist Labor Party Hall National Historic Landmark, known as the “The Old Labor Hall” will benefit a good cause. Located at 46‌‌ Granite Street in Barre, the market, brought to you by Vermont Antique and Unique, will benefit The Vermont Center for Independent Living. Catering is by Anne Adams Finnegan.

The following is a listing of all dates for the Antiques market: December 4, 11 and 18; January 1 and 15, February 5 and 19; March 5 and 19; April 2, 16 and 30.

The market will be organized as follows: Dealers can setup beginning at 7 a.m., doors will be open to early buyers starting at 8 a.m. General admission will begin at 9 a.m. and the doors will close to the public at 2 p.m. Vendors will be required to pack up and leave by 3 p.m.

All of the door/admittance fees will be going to the Vermont Center for Independent Living in Montpelier. To learn more about this organization please visit their website at vcil.org or call them directly at 1(800) 639-1522.

A representative from Vermont Center for Independent Living will be present at each event.

Early buyers will be charged a $5 admission.

General admission after 9 a.m. until 2 p.m. will be $2.00 per person, for children 12 years of age and under there will be no charge.

 

Public Invited To Learn About 2017 Construction Projects

MONTPELIER — The City of Montpelier invites all interested members of the community to a public meeting to learn more and provide input on the 2017 city-wide construction projects. 

For the city of Montpelier 2017 will be a busy construction year. The City will be:

  • Reconstructing Northfield Street including replacement of utilities 
  • Paving Main Street and State Street
  • Paving Route 12 from Spring Street out Elm Street to the city line
  • Reconstructing Taylor Street
  • Starting construction on the Shared Use Path extension from Granite Street to the Civic Center

The public meeting will be held on Tuesday, December 6, 6:30 to 8 p.m. in City Council Chambers and Memorial Room at City Hall (39 Main Street).

Discussions will include

  • Current project plans
  • Timing of construction (day work vs. night work)
  • Detours planned to accommodate construction
  • Communications plan

Questions?  Contact Public Works Director, Tom McArdle at tmcardle@montpelier-vt.org or Assistant City Manager, Jessie Baker at jbaker@montpelier-vt.org.

 

Zutano Store Staying in Montpelier

MONTPELIER — Zutano, the clothing company for infants and toddlers, will continue to have a store at 79 Main Street in Montpelier after all.

In late summer the store announced it was closing and had a sale over several weekends to clear out the store’s inventory and warehouse leftovers. But Zutano co-owner Uli Belenky said that the “overwhelming” support for the store from the community during the sale convinced the company to keep the Montpelier store open as an outlet. As an outlet, all merchandise in the Zutano store is now marked at 20 percent below retail.

Uli and Michael Belenky first began selling clothes in New York City. When they moved to Cabot in 1991, they brought the business with them, and Zutano has blossomed since then. Today Zutano products are sold in stores across the globe as well as on the company’s website. While Zutano is well known for its colorful and cozy baby clothes, Michael said the company’s biggest seller now is its line of baby booties.

 

Fundraiser For Adaptive Sports Ethan Hubbard’s Photography Displayed On Langdon Street

MONTPELIER — The Shoe Horn, located at 8 Langdon Street, announced the latest Art Walk at The Shoe Horn features celebrated photographer Ethan Hubbard. The public is invited to attend an event at the store on Friday, December 2 from 4 to 8 p.m. for extended Art Walk hours to view photographs selected from Hubbard’s book “Thirty Below Zero: In Praise of Native Vermonters.” This collection of portraits pays tribute to Vermonters in images captured over a 40-year period from 1964 to 2004. A copy of the book will be available for just $5 during the event (it’s a beautiful stocking stuffer!), and all proceeds benefit Vermont Adaptive Ski & Sports! So kick off the weekend with this not-to-be-missed exhibit!

 

1 Taylor Street Update

MONTPELIER —  The City has obtained the easements needed from the Jacobs’, Bashara’s and Heney’s property needed to move forward on the multi-modal transportation project. The city also obtained agreement with the Heneys on a 49-year lease for parking at the State Street lot. It is expected that Montpelier City Council will authorize this longterm lease at their meeting Nov. 30. City officials have been in touch with Jay White (a representative of the Mowatt Trust — owner of Montpelier Discount Beverage, formerly M&M Beverage) now that these easements are completed, and expect to meet with him in the next week. Once this agreement is finalized, the Vermont Agency of Transportation will need to review all right-of-way documents and clear us to move forward with design and permitting. Work is underway on the retaining wall reconstruction and associated soil mitigation. This retaining wall work will be completed by the end of December.

—From the Montpelier City Manager’s Weekly Report

 

Net Zero and Public Works Ponder Fats, Oil & Grease

MONTPELIER — During a recent municipal meeting, councilors heard a brief update on an effort being explored by the Public Works and Montpelier Energy Advisory Committee for a potential cogeneration project at the Water Resource Recovery Facility with the use of fats, oils and grease to increase methane production. The idea is that this power generation capability would enhance the city’s anaerobic digestion capabilities, reduce solids disposal costs and replace additional equipment that was not originally included in the aging infrastructure project. This project would be a substantial investment. Staff and Montpelier Energy Advisory Committee members are currently reviewing the concept and financial models. The assessment of viability is at a very early stage and includes the speculative involvement of a private business partner specializing in cogeneration projects (Energy Systems Group), as well as Efficiency Vermont. It’s unknown at this time when a presentation and recommendation will be ready for city council consideration and the purpose of this note is to briefly describe a potentially significant energy initiative project. Look for more information in the near future, possibly before the end of the calendar year.

—From the Montpelier City Manager’s Weekly Report

 

Hopes Are High For A State House Lawn Skating Rink

MONTPELIER — City staff continues to work with the Put a Rink on It Committee of Montpelier Alive on the possibility of installing a temporary ice rink on the State House lawn. Per past conversations with the council, those involved believe that this would be a significant community asset, would give residents and visitors another option for outdoor exercise in the winter, would add to the vibrancy of Montpelier and would bring new visitors to Montpelier to patronize local shops and restaurants. This week, staff and volunteers from the committee met again with the Capitol Complex Commission. At this meeting, the commission voted to approve a 1-year pilot to locate the rink on the State House lawn. This is a significant step for the project and we thank the Commission for their support. The City and Committee are working out the last details with the Department of Buildings and General Services. Our hope is to bring the final Memorandum of Understanding to the City Council for approval at the Dec. 14 council meeting.

—From the Montpelier City Manager’s Weekly Report

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter