Blog :: 04-2011

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

Killington resort announces plans for new peak lodge

In a press announcement, Killington Resort announced the plans for a new lodge at Killington peak.  "Removal of the existing building and the new replacement facility and related infrastructure is expected to cost nearly $7 million when completed and will consist of a multilevel restaurant and meeting space facility... The removal project is expected to occur this summer and the new facility constructed the following summer with anticipated completion date of Christmas 2012."

All I can say is hip, hip, hooray!

Killington VT Real Estate Activity For March

Six properties sold in Killington during the month of March and they were all condominiums.  A one bedroom Mountain Green sold for $68,000, a one bedroom Pico sold for $88,500, a three bedroom Trail Creek sold for $235,100 and three Sunrise condominiums sold: a two bedroom/den for  $215,000; and two three bedroom units sold for $275,000 and $335,000.  To view all of the Killington properties listed for sale visit Prestige Real Estate of Killington.

Killington Real Estate Market shows signs of improvement

The Killington real estate market experienced the best first quarter sales since 2008!  The number of transactions is up, the average prices are up (Note: average sales price of condos is up; too few home sales to draw conclusion), and total market revenue is up. 

Twelve properties sold this quarter, up from eight sales during the same period last year and only three during the first three months of 2009.  Two of the properties that sold were homes: one for $270,000 and one for $361,000.  The remaining ten properties were condominiums ranging in size and price from a one-bedroom Mountain Green condo for $68,000 to a four-bedroom town home at Sunrise for $350,000. 

Of greater significance is the fact that last year at this time fourteen properties were under contract and on March 31st of this year, twenty properties were under contract: twelve condos, six homes and two parcels of land.  This is a good sign for the future.

For the full story and graphics, read the latest Prestige Real Estate quarterly newsletter.