Archive for the 'Killington real estate sales' Category

Only four properties sold in Killington during the month of December.  Three were condominiums and one was a home.  The condominiums that sold were a one bedroom Pinnacle which sold for $89,500, a two bedroom Whiffletree for $87,500 and a three bedroom Heights Town Home which sold for $340,000.  The house that sold was located on Homestrech Trail and closed for $770000.  To view all of the Killington properties listed for sale visit Prestige Real Estate of Killington.

As was the case for October, 7 properties sold during the month of November.  5 were condominiums, 1 was a home and 1 was a parcel of land.  The condominiums that sold were a one bedroom Mountain Green for $67,000, a studio at Pico for $60,000, a three bedroom/two bath unit at Pico for $205,000, a three bedroom/three bath Fall Line for $210,000 and a  Topridge Town Home for $625,000.  There were 5 properties pending at the end of the month, 4 condominiums and 1 home.  To view all of the Killington Properties for sale visit Prestige Real Estate of Killington. 

Several of the properties that were under contract in September successfully closed in October.  A total of 7 properties have sold this month, 5 were condominiums and 2 were homes.  The condominiums that closed were a one bedroom Mountain Green for $69,000, a two bedroom Woods for $133,000, a two bedroom Fall Line for $195,000 and 2 three bedroom condominiums at Sunrise sold for $235,000 and $275,000.  2 homes sold for $140,000 and $225,000.  There are 8 properties pending, 7 are condominiums and one is a house.

To view all of the Killington properties for sale visit Prestige Real Etate of Killington.

Only one property sold during the month of September, a two bedroom Pinnacle for $150,000.  However 9 properties are currently under contract. Five are homes with listing prices ranging from $149,000 to $599,000 and four are condominiums.  There are two Woods, one Sunrise and one town home at The Heights pending.

To view all of the Killington properties listed for sale visit Prestige Real Estate Of Killington.

Seven properties sold in Killington during the month of August.  Four were condominiums, two were homes and one was a parcel of land.  All sales were under $250,000 and two of the sales were foreclosures, something rare to the Killington region.  Two, 2 bedroom Whiffletree condominiums sold, one 2 bedroom Highridge condominium sold and one 3 bedroom Pinnacle sold.  There are currently three condominiums, one  condex and two homes pending. 

To view all of the Killington properties for sale visit http://www.prestigekillington.com/

Eight properties sold in Killington during the month of May. Seven were condominiums and one was a parcel of land.   A one bedroom Mountain Green, five Pico units and one Sunrise condominium sold.  The parcel of land was on Route 4 in Killington.  One condominium went under contract during the month and is scheduled to close later this year.  While no homes sold during this period, one home is now also under contract.  To view all of the Killington properties for sale, visit www.prestigekillington.com

Since writing our last newsletter at the beginning of April, 2010 ten Killington properties have sold:

• eight Killington condos sold, priced from $72K for a 1-bedroom Edgemont condo to $290K for a 2-bedroom loft condo at Trail Creek
• two Killington single family homes sold — a foreclosure on Currier Drive for $162K and a 3-bedroom home on Rim Road for $319K

Last year, during the same period, only TWO properties sold — a condo at Sunrise for $275K and a single family home off McClallen Drive for $800K.

Another positive indicator that the Killington real estate market is improving is that there are eleven additional properties currently under agreement.  There was almost nothing pending at this time last year.

To view all of the current Killington properties for sale, visit www.prestigekillington.com.

Only 35 condominiums sold in Killington in 2009 down almost 30% from 2008. At an average sale price of just over $207,000, a decrease of 17% since 2008, the total market revenue from Killington condo sales was $7 million, down more than 40% from the previous record low!

There was only one Killington land sale during the entire year compared with five in 2008.

The only bright spot in the whole picture is that the number of Killington home sales and the average sale price of Killington homes rose, but ever so slightly.  For all of the data on Killington real estate sales, read the latest Prestige Real Estate newsletter which provides a review of all of 2009.

For the first time since I’ve been selling real estate, I have to say that the adage of “location, location, location” is not the case these days!  It’s all about the PRICE. 

Buyers are looking at a broad range of properties that sometimes have very little in common.  In the past, a buyer would narrow their selection down to a single condo complex or would prioritize some amenity offered.  Today, buyers seem to be willing to “trade-off” location and amenity preference and  buy the property they feel is the greatest value for the price. 

Multiple simultaneous offers are not uncommon.  In most recent cases, the property that is purchased is based on which Seller is willing to take the greatest discounted price. 

For details on year-to-date Killington real estate sales and more information on trends in the Killington real estate market, see the latest Prestige Real Estate quarterly newsletter, currently posted on the Prestige Real Estate of Killington’s website.

There were five real estate property sales in Killington, Vermont during the month of August, 2009.  This compares to the same number of sales in July, 2009 and compares to six sales during the same period a year ago.  All five Killington properties sold during August 2009 were condos.  Specifically:

• 1-bedroom Pico condo sold for $115,000
• 1-bedroom Fall Line condo sold for $149,000
• 2-bedroom plus loft Pico Slopeside condo sold for $184,000
• 2-bedroom Sunrise condo sold for $170,000
• 3-bedroom Fall Line condo sold for $225,000

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