Blog :: 2008

Stay up to date on Killington real estate activity with regular updates and information on sales activity

1st New Lift in 10 years at Killington

It was opening day for the 1st new lift in 10 years at Killington and mother nature is cooperating in a big way!  We made our way over to Bear Mountain by going up the Superstar chair and skiing over the backside via the new Gateway trail.  It was perfectly groomed and we cruised straight down to Bear Trap and lower Skyeburst (no more crossover trails).  The conditions were great.  We then got onto the new high speed detachable quad chairlift at Skye Peak which opened today and we were bottom to top in a record 4.9 minutes.  It was a great ride and was "all the better" having known what it used to be like!  :-(

After departing the chair, we decided to check out the all new natural terrain park called "The Stash."    Not being adventurous risk takers, we cruised along side the natural features of the "park" and couldn't help "oooooh'ing and aaaah'ing".  It was really cool!  We were also impressed by the size and length of the area.  It has open sections and also offers more gladed areas.  It was truly pretty.  The designers and builders did a great job.

We got on the new lift again and this time when disembarking, we headed down the new Great Eastern trail which utilizes part of the old "Cruise Control" but branches off in new areas with great views to the south and east.  Once again, we were really impressed.

Our hats are off to Killington.  They did a great job and should be commended!  Mother nature seems to be congratulating everyone as well as snow is falling fast and furious with 6-12 inches predicted for tonight and a nor'easter coming in on Sunday.  It is going to be a great holiday week!  Come on up and enjoy.

Prestige Real Estate offers buyers up to $50,000*

In commemoration of Killington's 50th birthday, Prestige Real Estate offers to pay up to $50,000 in closing costs!*

Prestige Real Estate of Killington wants to celebrate Killington's 50th birthday in a BIG way!  We will pay up to $50,000 in closing costs for buyers who purchase real estate through Prestige Real Estate and reach a fully signed agreement within 50 days of Killington's 50th birthday.  If you've been watching and waiting by the sidelines, NOW is the time to buy!

*Specific rules and conditions apply.

Why should you buy ski real estate in Killington?

If you haven't checked out the Killington Resort's new website, you should.  They have put lots of valuable information out there and keep it updated regularly.  During my normal browsing, earlier today, to check on current ski conditions, I spotted a new page comparing ski resorts in the northeast.  When I read it, all I could conclude was that, if you're going to buy real estate near a ski resort in the Northeast, the choice should be simple.  Killington has:

  • the most lifts,
  • the highest lift-served peak,
  • the most skiable acres,
  • the most skiable acres served by snowmaking,
  • the best variety of terrain suitable for all types of skiers,
  • and is a reasonable driving distance from northeastern metro areas.

For all of the details, see the "Resort Comparison" page on the Killington website.

To see what real estate is available, visit the Prestige Real Estate of Killington website.

Killington Selects Carl Spangler To Head New Dept.

Carl Spangler has been selected to head the Killington's new Economic and Tourism Department.  Spangler has held positions in state and local government and has been involved in Vermont's recreation industry for over 30 years.   Spangler has also served as a senior planner and development officer for several ski resorts including Killington and Sugarbush. 

 

This Department is being funded from a 1 percent local option tax which is estimated to generate over $600,000 annually.  The goal of the Department is to create and sustain year-round programs to boost Killington's local economy.  Mr. Spangler is a firm believer in the development of a Village and should be a strong liaison between the town of Killington and S.P. Land, the developers.        

Killington Ski Resort Announces Early Opening

With 11 inches of new snow this week, cold temperatures, Killington's elevation advantage and the power of the World's Most Extensive Snowmaking System, the mountain has just announced the kickoff of the 2008/09 ski and snowboard season on Sunday, November 2nd at 10 a.m.

The resort will open by offering top-to-bottom skiing and riding off the K-1 Express Gondola and the Northridge Triple, serving the following trails: Great Northern, Rime, Reason, Upper East Fall, Middle Chute and Lower Bunny Buster. No beginner terrain will be available!

Check www.killington.com for full details.

Up to $100 off Killington Season Ski Pass

Announcing The Killington Economic Stimulus Program

SAVE UP TO $100 OFF A 2008/09 SKI PASS THROUGH KILLINGTON'S ECONOMIC STIMULUS PACKAGE

KILLINGTON, Vt. (October 20, 2008) - Vermont's Killington Resort, the largest ski and snowboard resort in the East, is offering savings up to $100 off the purchase of a 2008/09 season pass for guests who economically stimulate any Killington Chamber of Commerce member through December 15th.

"This is a great opportunity for our guests to enjoy a nice dinner out on the town, purchase that new ski jacket they've been eyeing, or escape for an early-season getaway at one of Killington's fine lodging properties and apply up to $100 of their purchase toward a season pass," said Patricia Ryan, Killington director of sales, marketing and reservations.

Simply bring a register receipt of $25 or more from any single purchase or combined purchases of up to $100 from any Killington Chamber of Commerce member to the Killington Sales Center at the Snowshed Lodge, and save up to $100 off the purchase of a 2008/09 Unlimited Adult or Young Adult season pass by December 15th. This offer is also valid to save up to $75 off the purchase of Unlimited Junior and the all-ages Blackout and Midweek season passes.

"This is a continued effort by the resort to partner with the Killington Chamber and create our own economic stimulus plan," said Chris Karr, president of the Killington Chamber of Commerce. "We are confident this will motivate additional skiers and snowboarders to commit to the Killington Region this winter."

The Killington Chamber of Commerce includes more than 200 members, including some of the region's best restaurants and night clubs, retail establishments and lodging properties. For a complete list of Killington Chamber of Commerce members, please visit www.KillingtonChamber.com.

Only register receipts of $25 or more from any Killington Chamber of Commerce Member are eligible and must be dated from October 16 through December 15, 2008. Offer is valid for new season pass purchases only and must be made in person at the Killington Sales Center at the Snowshed Lodge by December 15, 2008. College passes, Merchant passes, Children's passes and Pico Mountain season passes are not eligible.      About Killington Resort The largest ski and snowboard resort in eastern North America, Killington debuts $8.4 million in improvements for its 50th Birthday Season, including the new Skye Peak Express and "The Stash." Killington Resort features diverse terrain, an expansive lift network, the most extensive snowmaking system in the world and numerous off-mountain activities, including après, dining, shopping and lodging options. www.Killington.com.

Fact sheet:

WHO: Killington Resort and Killington Chamber of Commerce Members

WHAT: Killington Season Pass Stimulus Package

WHEN: Through Dec. 15, 2008

WHERE: All Killington Chamber of Commerce Members

HOW: Killington Resort is offering savings up to $100 off the purchase of a new 2008/09 Unlimited Adult or Young Adult season pass and up to $75 off the purchase of Unlimited Junior and the all-ages Blackout and Midweek season passes, for guests who bring a register receipt of at least $25 or more from any single purchase or combined purchases of up to $100 from any Killington Chamber of Commerce member.

To purchase a new season pass, guests can bring their register receipts to the Killington Sales Center at the Snowshed Lodge by December 15th.

Only register receipts of $25 or more from any Killington Chamber of Commerce Member are eligible and must be dated from October 16 through December 15, 2008. Offer is valid for new season pass purchases only and must be made in person at the Killington Sales Center at the Snowshed Lodge by December 15, 2008. College passes, Merchant passes, Children's passes and Pico Mountain season passes are not eligible.

2008/09 Killington Resort Season Pass Prices:

UNLIMITED Adult (ages 19-64) $1,349 Young Adult (13-18)/Senior (65-69) $1,029 Junior (7-12)/Senior Plus (70+) $879

BLACKOUT All Ages: $779 The all-ages Killington and Pico Blackout Pass is valid all season with the exception of 15 blackout days (11/28-29/08, 12/26-31/08, 1/2-3/09, 1/17-18/09, 2/14-16/09)

MIDWEEK All Ages: $549 The Killington and Pico Midweek Pass is valid Monday through Friday all season with the exception of certain holiday and peak days (11/28/08, 12/26/08, 12/29/08-1/2/09, 2/16-20/09)

For more information, contact the Snowshed Sales Center Daily from 9 a.m. to 3 p.m. at 802.422.6868

 

One of Five Natural Terrain Parks in the World at Killington

The Stash is coming to Killington.  Burton Snowboards and Killington Resort are building a new and revolutionary snow board resort run slated to open on December 19, 2008.  The Stash will be located on the Bear Mountain side of Killington and will be accessible by the brand new Skye Peak Express quad chair lift.  It will be a half-mile long run that features wooded glades, banked turns, long slides and pillow lines.  The Stash is part of more than $8.4 million in on-mountain improvements and is the fifth run of its kind worldwide and the first in the Northeast.

 

A federal judge has ruled in favor of a suit brought by four people who claimed the life long passes should be honored after the 2008-2009 season.  The plaintiffs moved to certify the law suit as a class action suit on behalf of the 1,243 investor pass holders.  They are seeking to have the passes reinstated or in lieu of that monetary damages.  Needless to say, this could take a very long time to resolve.   

 

Killington Real Estate Update

Killington condominium real estate market holds steady while the Killington house market is challenged.  The same number of condominiums have sold during the first 9 months of 2008 that sold in 2007.  Inventory levels have remained steady with 145 Killington condominiums currently on the market (144 in 2007).

The number of house sales has also remained the same over the past year.  However the average selling price has dropped significantly and inventory has risen dramatically to almost double the number from this time last year.  There are 65 homes currently listed in Killington which represents the largest inventory of homes on the market in history.

For the full analysis on Killington real estate, follow this link to our 3rd quarter newsletter.

Talk of new Killington Village is Re-energized

At the August 13th, 2008 meeting of the Killington Planning Commission, representatives from SP Land Company, owner of the land where the Killington Village is proposed, presented a conceptual timeline for the Village approval process and Phase 1 construction.

In summary, the permit and approval process for Phase 1 is expected to take until January 2011. According to this schedule, if all is successful, the first infrastructure development activities including water, sewer, storm water improvements, utilities, etc. required for the Village development are expected to begin in the Spring 2011. Sales and marketing activities for the first single family home lots, condos, and townhomes will begin in the Fall 2011 with delivery of the first new townhomes in the Fall 2012. Substantial completion of Phase 1 construction which includes 157 condominiums, 33,500 square feet of commercial space, 24 townhomes, and a new base lodge replacing the existing Snowshed and Ramshead base lodges is expected by the Fall 2015.

A detailed conceptual timeline is presented below. Public workshops intended to present thoughts regarding the conceptual Master Plan for the Village will be held over the next few months. The next workshop is planned for September 10th at the Killington town library.

Fall/Winter 2008 - Master Plan approval process with Town of Killington and conduct open house meetings for the public January 2009 - Complete Master Plan approval process and, if successful, begin Act 250 process Winter/Spring 2009 - Prepare for Act 250 application - prepare conceptual plans and specs, transportation plans, landscaping plans, economic impact analysis, etc. June 2009 - Submit Act 250 application and begin preliminary submittals to Tow of Killington for Phase 1 improvements Fall/Winter 2009-2010 - Open house meetings for the public on Act 250 Spring 2010 - Complete Act 250 process and, if successful, start pre-development activities, prepare schematic plans and specs, conduct additional market and economic analysis, and submit formal application to Town of Killington for Phase 1 PUD and specific site plan approval January 2011 - Complete PUD and specific site plan approval process, and if successful, prepare detailed plans and specs for infrastructure improvements, 18 single family lots and 24 townhome lots at Ramshead Brook, conduct construction pricing and contracting and sales and marketing activities April 2011 - Commence construction on vertical infrastructure including temporary Phase 1 Killington Road realignment and Ramshead Brook Road. Vertical infrastructure construction includes water, swere, storm water imptrovements, utilities, grading and bridge over Ramshead Brook. October 2011 - Substantial completion of infrastructure improvements and delivery of the Ramshead Brook 18 single family lots to sales and marketing. Fall/Winter 2011-12 - Prepare detailed construction plans and specs for the Village and Ramshead Brook Townhomes, construction pricing and contracting, and continue sales and marketing activities. April 2012 - Commence construction of Phase 1 buildings (157 units and up to 33,500 square feet of commercial space) and 24 townhomes at Ramshead Brook. October 2012 - Completion of 24 townhomes of Ramshead Brook 2012-13 - Construction of Phase 1 Village commercial/residential buildings and amenities October 2013 - Substantial completion of Phase 1 Village commercial/residential improvements and amenities and begin preparation of detailed plans and specs for new base lodge and new Killington Road alignment and ski beach bridge, and conduct construction pricing and contracting. Begin preliminary work for Phase 2 PUD and Act 250 approvals. April 2014 - Commence construction of th enew Killington Road alignment and ski beach bridge, demolish Ramshead base lodge, and commence construction of new base lodge. Submit applications fo Phase 2 PUD and Act 250 approval. 2014-15 - Construction of new base lodge, new Killington Road and ski beach bridge Summer 2015 - Demolish Snowshed base lodge. Complete Phase 2 Act 250 and PUD process and, if successful, start pre-development activities, prepare schematic plans and specs, conduct additional market and economic analysis, and submit formal application to Town of Killington for Phase 2 specific site plan approval. January 2015 - Complete specific site plan approval process, and if successful, prepare detailed plans and specs for Phase 2 improvements, conduct construction pricing and contracting, and commence Phase 2 sales and marketing activities April 2015 - Commence construction of Phase 2 October 2015 - Substantial completion of Phase 1 (including new base lodge)

Killington Resort Breaks Ground for New Lift

Killington has begun construction of the new Skye Peak Express, the first lift installed at Killington Resort in over 10 years.  The new lift will reduce the ride time from 13 minutes to just under 5 minutes and will bring the total of high speeds lifts operating at Killington to nine.  The Skye Peak Express replaces the Skye Peak Quad operating out of the Bear Mountain base area.  This summer, Killington is spending $8.4 million on improvements to the mountain.  Additonal on mountain trail improvements and continued investments in snowmaking infrastructre will also be made this summer.  All of this work will insure that the top-to-bottom skiing and riding will be of the highest quality possible.