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All Killington market indicators are up...except price!

Sales volume in terms of number of Killington properties sold AND total real estate

market revenue year to date are the best they have been since 2007 and comparative third

quarter total sales data are even stronger.  With inventory holding reasonably steady and

mortgage rates continuing to be remarkably low, we have every reason to be optimistic

going into the final quarter of the year which historically tends to be strong in Killington.

Total sales dollars: Year to date total market revenue has increased over 30% since the

same time last year. Market revenues for the first three quarters in 2012 have been $14.0

million compared to $10.6 million for the same period in 2011. Transactions: There have

been 63 real estate sales in Killington year to date, compared to 51 for the same period

last year, amounting to a 24% increase. The last time there were more than 63

transactions during the first three quarters was in 2006. Also, of significant note is that

the number of transactions during the 3rd quarter of this year (25 sales) is up 150% over

the same quarter last year and is the highest number of transactions during the 3rd quarter

since 2005. Prices: Although market indicators are showing significant signs of

improvement, we would be remiss if we did not point out that the reason total market

revenue is up so dramatically is because the market reflects a greater proportion of higher

value transactions.  For example, only three of the thirteen houses that sold in the first

three quarters of 2011, sold for over $300,000. In 2012 to date, eight of eighteen houses

sold for over $300,000. In the condo market, the prices of comparable properties have

still not begun to rise.  Inventory: Inventory is remaining reasonably steady. There are

currently 59 single- and multi-family homes on the market in Killington, up slightly from

52 at the same time last year. There are 112 condos on the market as compared to 118 at

the same time last year. The biggest change in inventory is reflected in the number of

parcels of land on the market.  There are currently 18 parcels of land listed, the lowest

number since 2008.