Five Killington condo properties have gone under agreement in the past eight days. This is in stark contrast to a total of 9 Killington real estate condo sales in the entire first quarter of 2007.
One might speculate that the increase in activity is due to buyers' speculation on the future potential of the Killington resort area and the local real estate market. Everyone is anxiously awaiting the sale of Killington and Pico to be completed. We are hoping to hear announcements from the new owners, SP Land and Powdr as to their plans.
Another reason could be that buyers perceive that real estate prices are as low as they are going to get. We would love to hear what you think. In the meantime, we will keep you informed as to the activity level.