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Killington real estate sales slump continues

Each quarter, as we gather and analyze data for our newsletter, we search for the silver lining in what appears to be a market continuing its downward spiral.  As we experience several consecutive quarters of slow market activity, that silver lining gets harder and harder to find. Year to Date Sales 

Once again, the number of transactions is down compared to last year.  The number of condo sales year-to-date is down 18% compared to the same period last year and only eight homes have sold in Killington since the first of the year.  There has not been a single land transaction in 2007. Current Inventory 

Consequently, it should come as no surprise, as sales volume drops, inventory continues to build.   As of September 30, 2007, condo inventory is up almost 20% over last year at this time with 143 condos actively listed on the market: · 3 studios

· 47 one-bedroom units · 49 two-bedroom units · 44 three-bedroom units Of  the units sold, they were on the market almost 9 months before going under agreement, almost twice as long as in 2006.

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