Killington New Construction

Killington Real Estate December 2016

Eleven properties sold in Killington during the month of December; six condominiums and five homes.  Two homes on Bearly Hi Way sold: a 3 bedroom/3 bath log home for $485,000 and a 6 bedroom/3 bath for $640,000. A 5 bedroom/2 bath home on Alpine Drive closed for $262,000, A 4 bedroom/5 bath with garage on Merrill Drive closed for $327,000 and a 5 bedroom/3 bath home on Barrows Towne Road sold for $279,000.

Three of the six condominiums that sold were 2 bedroom units: a 2 bed/2 bath condo at The Woods closed for $91,000; a three story town home on Brad Mead Drive sold for $142,500; and a 2 bed/2 bath Trail Creek closed for $155,000.  Two units sold at Whiffletree: a I bedroom/1 bath condo for $53,000 and a 3 bedroom/2 bath closed for $130,000.  A three story town home with 3 bed/3 bath at Colony Club sold for $210,000.

To view all Killington homes, Killington condominiums and Killington land listed for sale please visit Prestige Real Estate of Killington. 

Plans for Killington Ski Village Filed

SP Land Co. filed for its Act 250 permit application for the first phase of the Killington Ski Village.  Phase 1 includes the development of 193 condominiums, 9 single family lots, 23 duplex lots, 31,000 sq ft of retail space and 77,000 square foot base lodge.  A separate Act 250 permit was filed for a 1,276 vehicle parking lot.  Estimated cost for Phase 1 is $133,400,000.  No specific time frame was offered but this is certainly great news for all property owners in Killington.

Killington Resort Village - to develop or not to develop?

Killington Resort Village

Killington Resort Village(image courtesy of www.discoverkillington.com)

Prestige Real Estate firmly supports the development of the Killington Resort Village for several reasons:

New construction will raise real estate values and heighten interest in existing properties. Some people have argued that new residential construction (both homes and condominiums) will have a negative effect on Killington real estate.

We believe just the opposite. Having been involved in several new construction projects (Winterberry, The Lodges, Topridge Duplex Homes and The Vistas), we have seen how new construction has had a positive impact on the market value of nearby property.

New construction will bring new buyers to our region. Several buyers with whom we have worked were also considering new construction at other ski resorts. Had we not been able to present to them new projects in Killington we strongly believe they would have bought elsewhere. The new residential units to be built at the "Village" will excite buyers who have complained about the lack of "new product" in Killington.

The Village will bring back skiers who have left for other areas. Skier visits to Killington have declined over the decade from well over a million to just over 600,000. We need to attract new visitors and we need to convince people who have left Killington (for other resorts with a village) to return. Those who worry about traffic on the access road or overly crowded conditions on the mountain forget that we have the capacity for a significantly larger number of visitors than are currently here.

New commercial development will create an incentive for existing businesses to make improvements. New retail/commercial space is of concern to some but we believe that new competition is beneficial to everyone. More traffic coming to the area will benefit existing businesses as well as new businesses. In addition, existing businesses who have become complacent may be forced to update, benefiting all customers and ultimately themselves.

Construction of the Village will bring a substantial number of jobs to Killington. There will be many new jobs for people year round helping to stimulate business during traditionally slow periods.