We sound like a broken record. All we talk about is “inventory!” Killington real estate inventory has never been so low
New Development: Will it hurt or help the value of your property?
The likelihood of new development in Killington is becoming more real than it has in more than a decade. The last new complexes were built 15-20 years ago. So, how will the development of “Six Peaks” and “Base Camp at Bear Mountain” affect the value of existing properties? We are asked our opinion on this topic regularly. Based on conversation with the developers, the price of new properties is expected to be $900-1500 per square foot. The average price of the properties that sold in the 1st half of this year is $362 per square foot. That seems to leave a LOT of room for appreciation in value.
We say, DON’T WORRY, your market value should likely rise!
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