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.

On May 13^th at 7:30 p.m. the Killington Planning Commission will discuss the Planned Unit Development (PUD) and Conceptual Master Plan Application for the ski village at the base of Killington Ski Resort.  Many believe, as do we at Prestige Real Estate of Killington, that this development with a mix of residential, commercial and skier/rider services is absolutely crucial to Killington’s future

The first phase of the village includes 157 condominium units, replacing Snowshed and Ramshead base lodges with a 75,800 square foot base lodge and the development of approximately 33,000 square feet of commercial space.  An additional 18 single family homes and 24 attached homes are planned for in the Rams Head Brook area.  

Planning Commission approval for this is required before SP Land (the developers) can move on to the state land use permit under Act 250.  SP Land has been developing these plans for over 2 years and is hopeful that the result of this meeting will enable them to take this next step. 

Prestige Real Estate of Killington urges the Planning Commission to approve these plans and facilitate the development of this village in all ways possible.

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.

Killington Resort announced that it will extend the 2008-09 ski and snowboard season to Saturday May 2, 2009, weather and conditions permitting.

The Town of Killington Economic Development and Tourism Commission announced that on July 4th a Triathlon will be held in Killington.  It will consist of swimming, biking and running. 

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