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Killington Real Estate Sales - July 2014

Real estate sales plummeted in July with just 4 sales transactions in the town of Killington and down dramatically from the same period in 2013 during which there were 14 sales transactions. Of the 4 sales, two were single family homes and two were full-ownership condominiums - an Edgemont 1BR and a Trail Creek 3BR.

The median home sales price for the trailing 12 months remained at $255,000 and the median full-ownership condo price was also unchanged at $133,250. Here is a link to the detailed views of the sold properties:

July 2014 Real Estate Sales

Killington, VT Real Estate Sales - June 2014

Real estate sales remained unchanged in June with 8 sales transactions, but down from 10 salesin the same period of 2013. Of the 8 sales, one was a single family home, six were full-ownership condominiums and one was an interval ownership sale. The full ownership condos included a 2BR Whiffletree, a 3BR Pinnacle, a 4BR Colony Club townhouse, two 3BR Lodges luxury ski-in/ski-out condominiums and a 3BR Topridge luxury ski-in/ski-out townhouse.

The median home sales price for the trailing 12 months remained unchanged at $255,000, while the median full-ownership condo price improved slightly to $133,250. Here is a link to the detailed views of the sold properties:

June 2014 Real Estate Sales

Killington, Vermont Real Estate Sales - May 2014

Real estate sales improved slightly in May with 8 transactions, but were down from 13 salesin the same period of 2013. Of the 8 sales, seven were full ownership condominiums and one was an interval ownership sale. The condos included a 1BR Whiffetree, a 1BR Pico, a 2BR Mountain Green in Building III, a 3BR Pinnacle, two Telemark Village townhouses and a 4BR Sunrise condo.

The median home sales price for the trailing 12 months was $255,000, while the median full-ownership condo price remained at $130,00. Here is a link to the detailed views of the sold properties:

May 2014 Sales

Killington Real Estate Sales - April 2014

Real estate sales declined in April with just 6 transactions. Sales were also down from eight salesin the same period of 2013. Of the 6 sales, three were single family homes, one was a 2BR Glazebrook condominium, one was an interval ownership sale and one was a building lot.

The median home sales price for the trailing 12 months was $247,500, while the median full-ownership condo price came in at $130,00. Here is a link to the detailed views of the sold properties:

April 2014 Sales

Killington Real Estate Sales - March 2014

Real estate sales improved again in March with 11 transactions. Sales were also up from eight salesin the same period of 2013. Of the 11 sales, two were single family homes, six were full ownership condominiums, two were interval ownership sales and one was a land parcel.

The full-ownership condos included two Pico condos - a 3BR bank foreclosure and a 2BR + loft - a 1BR Fall Line, a 2BR Woods cluster home, a 3BR Sunrise, and a 3BR Lodges condo. It is interesting to note, of the eight condo sales, six were ski in/ski out properties.

The median home sales price dropped to $180,000, but is only based on two sales, while the median full-ownership condo price came in at $182,500. Hereare linksto the detailed views of the sold properties:

March 2014 Sales

Killington Real Estate Sales - February 2014

Real estate sales improved in February with10 transactions. Sales were also up fromjust three salesin the same period of 2013. Of the10 sales, three were single family homes,three full ownership condominiums and four interval ownership sales.

The full-ownership condos included a 1BR Mountain Green in Building II, a 1BR Fall Line anda 2BR at The Woods.

The median home sales price soared to $304,00, while the median full-ownership condo price came in at $77,250. Hereare linksto the detailed views of the sold properties:

February 2014 Sales

The Woods Lawsuit Defeated

On February 28, 2014, the Vermont Supreme Court reaffirmed the lower courts decision that The Woods at Killington homeowner's association is not liable for interfering with the developers right to build and the homeowner's association is not responsible for any monetary damages requested by the developer. A fourteen day period following the ruling, available for motions to re-argue and/or raise issues regarding potential errors passed without any motions being filed. Thislong awaited decisionbenefits bothcurrent owners and potential purchasers at The Woods. With closure on this important issue, the risk of monetary damages being assessed to owners has been eliminated (the developer argued for damages in excess of $3 million), ongoing legal fees will becommensurate with the fees other associations of similar size allocate for legal expense and the prospect of buyers obtaining financing should be similar to those in condominium projects with comparable characteristics.

Kyle Kershner, owner/broker at Killington Pico Realty anticipates that this decision will have positive impacts on property values at The Woods, citing the litigation and corresponding high HOA dues, as having placed downward pressure on prices at The Woods for many years. "This is fantastic news for homeowners and represents an excellent buying opportunity for prospective purchasers", Kershner added.

Killington Real Estate Sales - January 2014

January real estate sales declined againwith just 7 transactions. Sales were also down from8 in the same period of 2013, but 7 of those were interval properties, while this year showed a much healthier mix. Of the7 sales, there was onesingle family home, one multi-family homeand4 full ownership condominium sales and a single building lot.

The condos included a 1BR Mountain Green in Building III, a 2BR Whiffletree, a 2BR Pico and a 3BR Pico.

The median sale price fell to $118,500, down from $157,500 in December. Hereare linksto the detailed views of the sold properties:

January 2014 Residential Sales

January 2014 Multi-Family Sales

Killington Real Estate Sales - 2013

2013 Killington Real Estate Sales Summary

Total Number of Sales: 118 (up 12% from 2012)

Total Single Family Homes: 21 (down from 26 in 2012) Median Price $255,000 (up 14% from 2012)

Total Multi-Family Homes: 0 (down from 3 in 2012)

Total Full Ownership Condos: 61 (up from 58 in 2012) Median Price $134,000 (down 9% from 2012)

Total Interval Ownership Condos: 25 (up from 10 in 2012) Median Price $25,000 (down 15% from 2012)

Total Land Sales: 9 (up from 6 in 2012) Median Price $82,000 (up 9% from 2012)

Total Commercial Sales: 2 (same as for 2012)

Killington Real Estate Sales - December 2013

December real estate sales declined with just 8 transactions but up from 6 sales in the same period of 2012. Of the 8 sales, 2 were low-end single family homes and 6 were condominium sales.

Of the condominiums sales, 3 were full-ownership and 3 were interval units at the Grand Hotel. The full ownership condos included a Pico 2BR + loft, a 3BR Sunrise and an over-the-top, custom Topridge townhouse.

The median sale price surged to $157,500. Here is a link to the detailed views of the full-ownership sold properties:

December 2013 Sales

There were 118 sales in Killington in 2013, compared to 105 in 2012, an increase in volume of 12%. The median sales price for homes and condos combinedin 2013 was $130,000, compared to $156,250 for 2012 - a decrease of 17%.