Sales rebounded somewhat in July after a very slow June, with 7 real estate transactions, including 2 single-family homes, 3 condos and 2 land parcels. The home sales included one of the largest real estate transactions in recent history - a private home off the Killington Road which sold for $1.6M. The condo sales included an updated 1BR [...]
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June 2012 signified a pronounced reversal in the upward trend in sales with just 4 properties conveying, but is not atypical of the seasonal sales cycle in the winter resort market. Sales generally lag pending contracts by about 4-8 weeks with April and May, the months proximal to the end of Killington's ski season, being the quietest months [...]
May 2012 proved to be another strong month of sales with 11 properties conveying. The sales were comprised of a single-family home, a small two-family home, eight condominium sales, including one interval ownership unit, and a 10-acre land parcel. The home was an older 4BR chalet with a good location, which sold for $205,000. The condos [...]
April 2012 marked the best month of real estate sales in Killington since April 2011, with 15 properties conveying. The sales were comprised of four single-family homes, nine condominium sales, two of which were interval ownership, a commercial building and a large land parcel. The homes ranged in price from $80,000 for a 1BR fixer-upper to [...]
Real estate sales recovered somewhat in March after a surprisingly slow February, with 6 sales, comprised of 2 two-family homes, two condos and two townhouses. The condo sales included a Winterberry townhouse, a Telemark Village townhouse and two Mountain Green condominiums. The multi-family sales included an arm's length transaction and a [...]
Builders broke ground on more homes last month as housing starts jumped 2.6 percent nationwide in April over March, the Commerce Department reported this week.
The single-family sector saw a 3 percent increase in housing starts in April, while multifamily construction projects saw a 3.2 percent rise.
New starts in the Northeast, however, dropped by 20.7%. See the full article at [...]
Real estate sales in Killington plummeted in February 2012 with just 3 sales compared to 7 transactions in January 2012. The three sales were comprised of 2 condominium sales and 1 residential purchase. The condo sales included a quarter-share at the Killington Grand Hotel and a 2BR foreclosure at Highridge; the single-family home was also a [...]
Sales in January 2012 were off a bit from December 2011. There were 7 transactions in Killington in January 2012, comprised of 5 condominium sales and 2 residential purchases. The condo sales included two quarter-shares at the Killington Grand Hotel, a 1BR at Mountain Green, a 1BR with loft at Pico Village Square for just $35,000 and an [...]
2011 Killington Real Estate Sales Summary
Total Number of Sales: 96
Total Single Family Homes: 15 - Median Price $288,133
Total Mulit-Family Homes: 3 - Median Price $173,333
Total Full Ownership Condos: 51 - Median Price $170,000
Total Interval Ownership Condos: 20 - Median Price $30,000
Total Land Sales: 5 - Median Price $134,800