FRANCONIA, NH — During travels throughout North America and around the world, Vespar Duffy and her husband have always taken the time to explore the local architecture and real estate market.
"With my interest in style and design, including architectural and interior design for homes, real estate has always been a significant interest of mine," says Duffy, who recently joined Badger Peabody & Smith Realty as a sales agent in their Franconia office. "Location plays a big part in real estate, but I've always felt that a home's design is also essential to a compelling property and a satisfied client, so I'm very excited to share my knowledge with our buyers and sellers."
Born in Littleton, Duffy grew up in Jefferson and Gorham, has lived in the Mount Washington Valley and was the owner/operator of a hair salon/spa in North Conway for many years. Now residing in Franconia with her husband, Duffy says she looks forward to helping clients find their dream home.
Duffy notes that her experience as a cosmetologist and business owner has instilled in her "an ideal of being driven, listening to my clients' wants and needs and doing whatever I can to make them happy."
Outside the office, Duffy enjoys spending time with her family, travelling and playing golf.
"We are happy to welcome Vespar to our Badger Peabody & Smith team," says Andy Smith, Badger Peabody & Smith Realty President and CEO. "Her extensive customer service experience, understanding of architecture and design, and in-depth knowledge of the greater Franconia-Littleton region are invaluable. Adding her to our team enhances our ability to provide outstanding quality services for all our clients."
Vespar can be reached at (603) 823-5700 or VesparD@BadgerPeabodySmith.com
Visit Vespar's Agent Page
Luxury Portfolio International recently released their newest study, "State of Luxury Real Estate", focused on consumers in the top 1%-5% income bracket of 17 countries, representing more than 30 million households. It was conducted by the Affluent Consumer Research Company, a full-service market research and voice-of-the-customer organization, specializing in high-income and high-asset consumers around the world.
Peabody & Smith Realty, as members of Luxury Portfolio, are proud to help share this study with you now - click here for your copy to read online or download and print.
Here are some key findings as reported by the study and Luxury Portfolio International:
- More than 15.5 Million Affluent Households across the Globe are in the Market for Residential Real Estate over Next 3 Years, According to a Study by Luxury Portfolio International.
- Conversely, the report also revealed that demand for purchasing residential real estate by this sector far exceeds the number of sellers, with slightly more than 10 million looking to list their home for sale.
The more than five-million-home gap between those interested in purchasing and those interested in selling creates a seller's market within the overall high-end residential real estate market. The implication of this lopsided market is near-term price increases and greater demand for new development.
Other highlights from State of Luxury Real Estate include:
- While real estate prices vary dramatically from country to country, a viable luxury threshold is homes in excess of US $1 million. Of the 15.5 million consumers who indicated interest in purchasing residential real estate, 66% of that segment (10.3 million consumers) noted a desire to purchase a residence valued at US $1 million or more over the next three years.
- Real estate is the leading investment category of the day, with luxury buyer sentiment a strong 'buy,' and a low inclination to 'sell.'
- One-quarter of global luxury buyers have an investment or a rental property in mind for their next purchase.
- The pandemic has impacted homes at all price levels, including the luxury sector, with trends borne from quarantining including adjusting to all members of the household working from home; a heightened need for self-reliance at home; and recognition that spontaneity brings a welcomed break. For the most part, all three circumstances can be addressed within a luxury home setting.
- Luxury buyers are planning for extended shelter-in-place scenarios for themselves, family and guests. Expectations are high that over the coming year, more time will be spent at home, with about half of luxury buyers seeking a residence with accommodations for long-term guests. Whatever their individual reason, the result is preparation for non-household members to shelter with them.
The luxury customer is more interested in high-quality offerings and customer service than low price. The ultra-luxury segment values brands that feature corporate citizenship, reputation and loyalty.
- While real estate as an industry has had significant technological disruptors such as online agencies over the past few years, luxury buyers overwhelmingly prefer to work with a traditional brokerage firm. 70% of luxury buyers noted as much, with 19% noting they would work with an online agency.
- Luxury buyers are bullish on the residential real estate market. 45% of those surveyed believe that it is getting stronger (more buyers) -- compared to 31% who believe that it is softer (these results are impacted by in-market, in-country specifics).
- 60% of affluent consumers expect an increase in their current home's value, primarily in the 1% to 10% range.
- 50% of luxury buyers believe that now is a good time to buy real estate, being the number one result in the survey -- beating out stocks, private equity and gold, among others.
- More than one-half of ultra-luxury buyers (52%) perceive their current home value to have risen by more than 10%, perhaps incenting them to trade up or add to their portfolio.
- As to an outlook for 2021, barring unforeseen economic or geopolitical issues, a record number of affluent households will be in market to acquire, especially within the luxury segment.
To learn more about the Luxury Real Estate market in your area, feel free to call one of our Peabody & Smith Realty agents today - proud members of Luxury Portfolio International.
We are pleased to bring a new feature to our blog, a chat with one of our current sellers in at Owl's Nest in Campton
. Our homeowners at 21 Balsam Lane in Campton, New Hampshire
have owned their home for many years, and now offer this great home with mountain views, open and spacious floor plan with 4 bedrooms at the premium golf course at Owl's Nest.
To get a sense of what is like to live in Campton
,we asked a few, questions:
P&S: At this time, you feel the time is right to leave the beautiful Owl's Nest community. What led you to this decision?
Having enjoyed this peaceful environment for many years, we find it is time to stay in Florida for our health issues.
P&S: Why is it great to live in the mountains? What did you enjoy about the area?
We have enjoyed golf, skiing, bike riding, hiking and the wonderful organic food we have there.
P&S: Where do you shop and dine in the area?
For grocery shopping, we shop in Plymouth at Hanniford
. We love to dine at the Six Burner Bistro
in Plymouth and the Horse and Hound
in Franconia, NH
P&S: What do you like about Hanniford Supermarket and the restaurants?
At Hanniford's we find fresh vegetables and wonderful fresh fish. I can find what I need there. The restaurants are great because they use organic and healthy ingredients.
P&S: What events brought you the most pleasure?
We have always enjoyed the people we meet on the golf course at Owl's Nest, as well as the hiking trails. Everyone is very friendly and open.
P&S: What tips would you give to new people coming into the community?
Get to know all your neighbors at Owl's Nest in Campton
! They have a wealth of information and are very friendly.
P&S: What were the favorite features of your home? What did you enjoy the most?
: We love the ensuite bedrooms on the first floor and we really enjoyed the three season porch where we enjoy the sunsets and relax after our day.
This is such a beautiful time of year here in Northern NH and the Northeast Kingdom of Vermont. This is fall, foliage season, leaf peeper season…a spectacular time of year. Shortly before Labor Day, I noticed a few trees starting to turn red. It takes a few weeks to have "all the colors" showing on the leaves, and its a real treat to live here and get to watch it change daily.
Scores of people visit our states to view the foliage, and the states of New Hampshire
, and Vermont
even have their own foliage reports. I thought I could bring you one each week, and show you the same tree on King Hill Road In Landaff, NH. We can watch the foliage turn together! There are some beautiful roads in this area, but two of my favorite to see the foliage
are: the Mt. Eustis Road in Littleton
, and King Hill Road in Landaff
. What makes these roads so special is the way the trees curl over top of you, and you end up driving through a tunnel of foliage, its beautiful.
If you think you would like to move here and see the scenery change every fall, we can help. And if you are interested in Landaff, NH
, we have a beautiful home to show you on the Mill Brook Road, and some other nice homes in the area, we'd love to show you!
Littleton, New Hampshire, nestled in the foothills of the beautiful White Mountains range, is one of America's treasured historic communities. The town was settled on the banks of the Ammonoosuc River just prior to the American Revolution, a site undoubtedly chosen because of its breathtaking natural surroundings and bountiful resources. Littleton was incorporated in 1784 and named in honor of Colonel Moses Little, who fought in the Battles of Lexington and Concord, the Battle of Bunker Hill, and other key struggles of the Revolution. One of Littleton's first thriving businesses—the Littleton Grist Mill—opened in 1798, and despite its age, continues to operate. The fully restored grist mill, along with the Historic Thayers Inn, the Littleton Opera House, and Chutters Candy Store (home of the "world's longest candy counter"), together stand as prized symbols of the town's cultural heritage and economic success.
Today Littleton, with a population of approximately 6,000 residents, is an award-winning community, having been ranked as one of America's best small towns in both 1995 and 2005. Among its many virtues, the town is ultimately adored for its charming atmosphere, picturesque scenery full of church steeples and historic architecture, pretty tree-lined streets, and family-friendly neighborhoods. Real estate in Littleton is typically affordable, making it easy for new families and first time homebuyers to settle there. Those searching for homes in Littleton may be surprised at the selection of properties they have to choose from; the town offers unique historic homes, vintage ranches, cute Cape Cods, country estates and more. Littleton also boasts a thriving downtown, which has received many accolades for its planning and preservation, including the "Great American Main Street" award in 2003. Main Street in Littleton is filled with unique gift shops, boutiques, bookstores, art galleries, cafes, restaurants, and a two picture cinema all in a quaint historic atmosphere. One block south of Main Street is the Mill Street Riverwalk and covered bridge on the Ammonoosuc River, great for scenic walks, biking, and jogging.
One reason that many people choose to relocate to Littleton, NH is the town's abundance of recreational opportunities. The Littleton area maintains over 75 miles of trails in and around the towns of Littleton, Whitefield, Lisbon, Bethlehem, Monroe and Dalton, which are used for a variety of activities from snowmobiling and dog sledding to hiking and horseback riding. Also, Littleton is conveniently close to several recreational areas, such as the White Mountain National Forest, Franconia Notch State Park, and Moore Reservoir. Littleton is less than 10 miles away from renowned Bethlehem golf courses—the Maplewood Country Club and the Bethlehem Country Club—both of which are 18-hole championship courses designed by golf legend Donald Ross. The Bretton Woods ski area and Mount Washington Resort are also nearby, offering thrilling year-round recreation.
Boasting rustic farmhouses alongside lavish early 20th century country estates, New Hampshire's White Mountains region is a historic homebuyer's dream come true. Deemed as one of New England's most beautiful locales, the White Mountains region is rich with more than three centuries of history, and showcases a wide variety of historic properties, some of which even date back to the years of George Washington's presidency.
New England historic homes in the White Mountains feature fascinating architectural details that have been lost in today's whirl of new construction, such as impeccable woodwork, hardwood floors, stained glass window panels and other artistic touches that make a home truly unique. But while they hark back to a bygone era, these New Hampshire historic properties also offer updated kitchens, bathrooms, garages, manicured lawns and other modern conveniences that today's homebuyers have at the top of their checklists.
A strong selling point for many historic homes in New Hampshire's White Mountains is, of course, the stunning scenery of the countryside and the quaint, friendly atmosphere of the region's towns and villages. Being the longest established residences in the area, White Mountains historic homes—particularly those in the countryside—tend to offer the most beautiful views, overlooking lakes, rivers, streams and open wildflower fields set against the rugged backdrop of the mountains. Historic properties in town—such as those located in Littleton, Bethlehem, Plymouth and other communities—come in a variety of styles, from magnificent Colonials with formal entryways to cozy vintage cottages, and have the added convenience and pleasure of being a part of "Main Street USA," with unique shops, restaurants, theaters, and events just around the corner.
With so much variety in architecture, sizes, floor plans, prices, and amenities, New Hampshire's White Mountains real estate is sure to have that perfect New England historic home you've always dreamed of.