Karen Cleary

Karen Cleary

Realtor® | Luxury Property Specialist

Get to Know Me

Born and raised in northern Vermont, Karen is an award-winning real estate professional who has been exploring the mountains, lakes, and backroads of the Green Mountain State her entire life. As a long-time resident of both Stowe and Morristown, Karen offers unmatched knowledge of central Vermont for both buyers and sellers. Her full-service approach, tireless work ethic, and understanding of local markets has led to her reputation as a trusted advisor to both first-time and seasoned buyers and sellers.
 
Karen has lived in Stowe and Morristown for more than 25 years, drawn to the area's skiing and adventure opportunities after graduating from the University of Vermont. As a founding employee of an award-winning travel company based in Stowe, she traveled much of the globe, which has served to inform her sense of place and what makes Vermont truly special.
 
With a passion for homes that embrace Vermont's beauty, Karen knows the hidden gems and unique highlights of central Vermont. Whether you are looking to buy or sell your first home, or your dream home, Karen's deep local knowledge helps buyers discover their ideal piece of Vermont, and sellers realize their property's potential.
 
As a Luxury Property Specialist with the Coldwell Banker Global Luxury® program, Karen also has access to a network of agents serving luxury buyers, and comprehensive digital resources to showcase high-end homes, ensuring each unique property is seen by a broad global audience.

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What My Clients Say

Karen was an exceptional agent who put in lots of time and incredible patience while helping us find our dream home. Over the course of almost 3 years we worked with Karen off and on, and as our circumstances changed, she was always helpful and available. She suggested properties that matched our desires, and was able to help us weed out the ones that might look good online, but in reality were not worth our time. We couldn't have been happier with her throughout the entire process, especially walking us through all the steps from putting in a bid to closing. We highly recommend Karen!!!

— Sydney C. | We couldn't have been happier with her throughout the entire process

What My Clients Say

We could not recommend Karen highly enough. We had less than easy sellers in our purchase transaction. Karen kept calm, level headed, kept us informed and gave us sound advice through the entire transaction. She was knowledgeable of the market, did extra research about Special tax programs and went above and beyond the call of duty. If you are looking for a great experience and knowledgeable partner to help with your real estate transaction look no further then Karen.

— Ben H.

What My Clients Say

Karen was awesome! She guided us through the whole process, including the provisioning of multiple inspections to reduce our risk. She always seemed to be on top of the process with timely suggestions. I felt in good hands with her, and I would definitely want to work with her again.

— Matt G.

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Q2 2024 CBCRE Market Report: Stowe, Lamoille County, and Waterbury, VT

In the second quarter of 2024, the real estate markets in Stowe, Lamoille County, and Waterbury, Vermont, exhibited diverse yet interconnected trends. Each area displayed unique patterns of activity, reflecting broader economic conditions and local market adjustments.

Stowe:

Single-Family Homes: The single-family home market in Stowe saw a decrease in properties sold by 17.65%, reflecting tempered market activity. Despite the decline in sales volume, the average sold price increased by 37.24% and the median sold price rose by 10.33%, showcasing that valuations on properties are remaining relatively stable, compared to last year. New listings in this segment increased significantly by 66.67%, pointing to a shift among sellers back to a more traditional ownership cycle. The average days on market decreased by 20%, highlighting quick closures for appropriately priced properties, while the median days on market increased by 83%, showing that homes priced over market value were taking longer to sell and often required price adjustments. The majority of these were properties listed over $2M.

Condos: The condo market in Stowe experienced significant dynamics. The volume of condo sales decreased by 53%, indicating a slower market for condos. New listings surged by 108%, suggesting more condo owners are attempting to capitalize on current market conditions. However, the average sold price and median sold price both decreased by 18% and 46%, respectively, highlighting downward pressure on prices, likely due to increased supply. Additionally, the median days on market for condos increased dramatically by 326%, indicating that condos are taking significantly longer to sell. This prolonged market time suggests that buyers are becoming more selective, and properties may need more competitive pricing or improvements to attract interest.

Key Statistics:

  • Single-Family Homes:
    • Properties Sold: -17.65%
    • Average Sold Price: +37.24%
    • Median Sold Price: +10.33%
    • New Listings: +66.67%
    • Average Days on Market: -20%
    • Median Days on Market: +83%
  • Condos:
    • Properties Sold: -53%
    • New Listings: +108%
    • Average Sold Price: -18%
    • Median Sold Price: -46%
    • Median Days on Market: +326%

Click here to see the Stowe stats!

Lamoille County:

The single-family home market in Lamoille County saw a decrease in properties sold by 5%, reflecting a tempered market activity. Despite the decline in sales volume, the average sold price increased by 29% and the median sold price rose by 7%, indicating that the properties being sold were of higher value. New listings in this segment increased significantly by 37%, pointing to an optimistic outlook among sellers who are likely adjusting to market demands. The average days on market increased by 52%. The median days on market increased by 142%, indicating that homes priced above market value required more time and often price adjustments to sell.

Key Statistics:

  • Single-Family Homes:
    • Properties Sold: -5%
    • Average Sold Price: +29%
    • Median Sold Price: +7%
    • New Listings: +37%
    • Average Days on Market: +52%
    • Median Days on Market: +142%

Click to see the Lamoille County stats!

Waterbury:

The single-family home market in Waterbury saw an increase in properties sold by 25%. Both the average and median sold prices rose significantly, by 39% and 52%, respectively. New listings in this segment decreased by 5%. The average days on market decreased by 65%, highlighting quicker closures for appropriately priced properties. The median days on market saw a notable decrease of 33%, indicating that Waterbury continues to have a lack of inventory, keeping the market in positive territory. 

Key Statistics:

  • Single-Family Homes:
    • Properties Sold: +25%
    • Average Sold Price: +39%
    • Median Sold Price: +52%
    • New Listings: -5%
    • Average Days on Market: -65%
    • Median Days on Market: -33%

Click to see the Waterbury stats!

Overall Market Insights:

The second quarter of 2024 in the Stowe area real estate market was characterized by fewer transactions but continued stability in property values for certain segments, reflecting a market adjusting to economic conditions and buyer preferences. The rapid sales pace for single-family homes indicates robust demand for well-priced properties, while the increase in days on market for some segments of single family and condos suggests a need for strategic pricing to attract buyers. Overall, the trends indicate a shift towards faster transactions for properly priced properties and a more competitive environment for sellers, with buyers focusing on value and quick closures.

Looking ahead to Q3, the combination of multiple tax increases and the rise in inventory is likely to exert downward pressure on the market. The potential for interest rate decreases could counter the tax pressures. Sellers may need to adjust their pricing strategies to attract buyers in a more competitive landscape. Consulting with local real estate experts will be crucial for both buyers and sellers to navigate these evolving market conditions and make informed decisions.

Work With Karen

If you’re looking for the largest selection of real estate available in our area, you’ve come to the right place and we’re here to help you.

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