There have been six sales in Killington since January 1, 2009: 3 homes have sold; 2 condominiums have sold and 1 parcel of land has sold.  There are currently ten properties (five Killington Homes and five Killington Condominiums) under contract and scheduled to close in the near future.  There are 49 homes listed for sale, 131 condominiums on the market and 23 parcels of land listed for sale in Killington.

In our newsletter dated April 30, 2009, we reported the “worst period for real estate sales in Killington that we can ever remember.”  Only three properties sold in Killington during the entire 1st quarter of the year. 

Fortunately, I can now report, just a month later, that activity has noticeably picked up.  Since March 31st, 2009, one condo sold and there are five more currently under agreement.  Activity has picked up in the market for Killington homes as well.  Two homes sold in Killington since March 31st, and there are five additional homes under agreement. 

I feel that this is a sign of increased confidence in the economy by prospective buyers.  In addition, I believe this is an indication that buyers feel that market has reached bottom.  I anticipate an even greater increase in activity as we move into the summer buying season. 

Continue to watch this blog for further updates.

Only three properties sold in Killington, VT in the first quarter of 2009.  A small house on Rt 100 South sold for $145,000; a 2 bedroom/2 bath condominium at The Woods sold for $164,000; and a parcel of two 10-acre “failed” lots sold for $35,000.  Although showing activity has picked up since January, it has not yet translated into purchase contracts.  For the full story …

The results are in!  2008 had the lowest number of condominium and  home sales on record.  Only 48 condominiums sold in all of 2008 and only 8 homes sold during this same period.  The lowest priced condominium that sold was a studio at Mountain Green for $50,000 and the highest price paid was a ski in/ski out Topridge duplex town home for $750,000.  The lowest priced paid for a home in Killington was $228,000 for a 2 bedroom/loft home on Terrace Drive and the highest paid was $515,000 for a 6 bedroom (fixer upper) ski in/ski out home located on the Great Eastern Trail.  Land may have been the only bright spot with 5 lots sold ranging in price from $76,000 for a 1 acre parcel to $700,000 for a 6 bedroom permitted ski in/ski out lot at Topridge.  For acccess to the full report