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

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

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

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

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

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.

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%.