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Blog :: 2010

Killington Real Estate Sales - November 2010

CLOSED SALES

Sales in Killington continue to show inconsistency, dropping from 11 sales in October to 7 in November.Condo sales includeda 1BR Mountain Green, a Pico studio, a Pico 3BR/2BA, a 3BR Fall Line and a 3BR Topridge townhouse.A single-family residence and a building lot also closed this month.With more borrowers being able to procure financing,there appears to be an increase in the percentage ofproperty selling in the condominium sector.

Median sales price jumped markedly to $207,500, but with the small sample of properties, the luxuryTopridge unit likely skewed the results higher.

Click the link below to see all the homes and condos that sold in November:

2010 November Sales

PENDING SALES

There are currently 7 pending sales in Killington, including one quarter-share unit at the Killington Grand Hotel, a 2BR Mountain Green condo, a 2BR Whiffletree condo (foreclosure), a 1BR Pinnacle condo, one new construction townhouse atThe Heights and two single-family homes - one in the luxury level price range. Click the link below to see theKillington properties pending or under contingency contract at this point:

2010 November Pending Sales

Interest rates are up slightly, but there are still plenty of excellent values in this market. The inconsistencies in month-over-month sales, however, indicate that there is still a lack of consumer confidence in the economy, keeping most buyers on the sidelines.

Killington Real Estate Sales - October 2010

CLOSED SALES

Following an unprecedently slow September, real estate sales in Killington bounced back nicely in October, with 11 full ownership sales and one interval ownership sale, up from just one full ownership sale in September. These sales included three single-family residential properties, two Mountain Green condos, one Woods condominium, one Pico condominium, two Fall Line condos and two Sunrise condos. Overall, a very well diversified assortment of second home and vacation properties traded hands in October.

Median sales price also increased, with the median sales price at an impressive $182,192.

Click the link below to see allthe full ownership sales that closed in October:

October 2010 Sales

PENDING SALES

Pending sales have also improved with prospective buyers taking advantage of values not seen since 2003 and interest rates at historic lows -just in time to enjoy their new properties for the upcoming skiing and ridingseason. There are currently 10pending sales, including three timeshares, a 2BR Mountain Green condo, a Pico studio, a Whiffletree 2BR condo, a 1BR Pinnacle, a single-family home in North Sherburne, one new construction townhouse at The Heights and a slopeside Topridge townhome. Click below for details of the pending sales in Killington:

October 2010 Pending Sales

This market continues to offer buyers exceptional values - values that will undoubtedly provide impressive returns on these investments and provide years of enjoyment for individuals andfamilies who enjoy active lifestyles.

Killington Sales Update - September 2010

CLOSED SALES

After a robust August, sales dropped off dramatically in September, with just1 full-ownership condominium, 2 timeshare condos and one deeded parking space closing escrow. In what would typically be one of Killington's peak months for sales, a single full-ownership property transfer could be unprecedented. Click the link below for details:

September 2010 Sales

PENDING SALES

Three properties are currently under contract for sale, compared to nine in August, a marked decrease in activity. Of the three properties, one is a single-family home, one a full-ownership condo and one a timeshare. Click below to see the pending sales:

October 2010 Pending Sales

There continues to be an abundance of very well priced properties in Killington. With interest rates at all time lows, it's an excellent time to buy, but investor confidence remains low. Investors with a high tolerance for risk and those not afraid to buck the markettrends, stand to see considerable appreciation of their assets over time.

Killington Broker Awarded REALTOR OF THE YEAR

Kyle Kershner receives REALTOR OF THE YEAR award from 2008 recipient, Ray Ault and Vermont Association of REALTORS President-Elect, Peter Tucker

KYLE KERSHNER IS VERMONT REALTOR OF THE YEAR

Kyle Kershner, a resident of Stockbridge and a broker at Ski Country Real Estate in Killington, has been named the 2010 REALTOR of the Year by the Vermont Association of REALTORS. The prestigious annual award, granted by the States REALTOR board, recognizes outstanding leadership and service to the members association, community and the real estate profession.

At the community level, Kyle serves as the Chair of the Stockbridge Planning Commission, is Secretary of the Highwood Homeowners Association, is a member of the Pittsfield and Stockbridge First Response Teams, serves on the Killington Ski Patrol and participates in numerous local, state and regional charity fundraising events. In the real estate profession, Kyle serves on the boards of directors for the Vermont Association of REALTORS as a Senior Director and member of the Executive Finance Committee and on the Windsor County Board of REALTORS, where he is treasurer and past president.

It is a great honor to receive the State REALTOR of the Year Award, said Kershner as there are so many dedicated real estate professionals who evoke the REALTOR spirit, contribute to their communities and are equally worthy of this recognition. Being recognized with this award by my colleagues throughout Vermont is a deeply rewarding, yet humbling experience.

Kyle was the 2009 and 2010 REALTOR of the Year for the Windsor County Board of REALTORS, Vermonts second largest REALTOR board and received the prestigious State award at the Vermont Real Estate Conference, held at the Stratton Mountain Resort, September 15th. Kyle will represent Vermont at the National REALTORS Conference and Expo to be held in New Orleans in November. Kyle Kershner has been a REALTOR since 2001 and can be reached at Ski Country Real Estate, www.SkiCountryRealEstate.com, www.KillingtonPicoHomes.com or at 802-775-5111. Additional information about the Vermont Association of REALTORS is available at www.vtrealtor.com.

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If youd like more information about this topic or have questions, please call Kyle Kershner at 775-5111 or send email to kyle@killingtonpicohomes.com.

Killington Sales Update - August 2010

CLOSED SALES Sales jumped markedly in August compared to recent months, with 11 sales comprised of five time-shares and six full-ownership sales. This marks the most active sales month in all of 2010. Two of the full-ownership properties and one of the time-shares were foreclosures and several of the remaining sales were exceptional values. Click below to see all the full ownership sales for August in Killington:

August 2010 Sales

PENDING SALES Nine properties are currently under contract for sale, of which three are time-shares and six are full-ownership, including one parking space in the Mountain Green garage! Click below to see the full-ownership properties currently under contract:

August 2010 Pending Sales

There are some extraordinary values out there for qualified buyers - some would argue that with current interest rates and property prices, it's an opportunity of a lifetime!

Killington Sales Update - July 2010

Sales remained slow again in July, with four sales including three full-ownership condos and one interval unit at the Grand Hotel. The demand for ski in/ski out property continues to drive sales, with two of the three full ownership condos at Sunrise and one at the Trailside condominiums. Here are the July full-ownership sales:

Sunrise East Glade D-1 - Watch the skiers ski by your very own 2BR 2BA ski in ski out condo located directly on the Sundog maintained ski trail. Property being sold completely furnished and equipped. Amenities include indoor and outdoor pools, hot tub, sauna, steam room, fitness, tennis courts, xcountry and snowshoe trails and equipment. New furnace in last few years. Sold for $161,000

Trailside A-4 - True ski in ski out on Great Eastern Trail to Skyship. Light bright two bedroom plus loft condo nicely decorated and updated. Private hot tub on deck. Sauna in unit. Efficient gas heat and fireplace. Must see! 2010 assoc fee $6399; capital fee $3984. Furnishings and appliances negotiable. Sold for $200,000

Sunrise Highlander K-2 - Magnificent townhome at Sunrise. Highlander K2 features easy access from the parking area and plenty of privacy making it one of the most desirable locations at Sunrise. Ski to and from Bear Mtn via the Sunrise Mtn chairlift. Luxurious new kitchen and dining area give this spacious unit a one of a kind feel. Unit is leased for 2 years, thru 10/31/10, $45k net to the owner. Allows 2 weeks owners use in fall. 3BR/4BA unit, sold for $325,000

Click below to see all Killington sales for July 2010:

July 2010 Sales - Killington, VT

Killington Sales Update - June 2010

After a robust month of sales in April, May slid to six properties sold and June fell further to just three sales. Sustaining the selling trend at Pico, two of the three sales were Pico condos, the third a Fall Line condo. Here are the sales:

Pico C-201 - Beautiful corner unit with balcony and wood fireplace. Ski to and from unit at Pico or shuttle to Killington. Fully furnished and equipped unit with efficient gas heat. Health club with indoor pool and exercise room. Great rental income potential. Pets allowed. 1BR/1BA ski in/ski out condo, sold for $104,000

Pico H-301 - 2BR/2BA top floor Pico end unit with cathedral ceiling. Master suite, Washer/Dryer in unit,Walk to slopes. New dormer adds more space. Being sold fully furnished & equipped. On site sports center with indoor pool available. Monthly Condo fee $219.47,cable $28.51,capital fund $130.45, roof special assessment $85. Sold for $129,000

Fall Line B-2 - Very nicely updated and decorated three bedroom three bath condo. Located close to ski home trail and parking. New stainless appliances, cabinet treatments, and flooring. Non-rental unit in excellent condition. Association fee includes $174 per month special roof assessment through Spring 2013. Fully furnished and equipped. Sold for $190,000

Killington Sales - June 2010

Killington Sales Update - May 2010

May sales were slightly off from April's rally, but what a month for Pico! Of6 properties sold in Killington in May,4 were at Pico and there were some outstanding deals:

Mountain Green 2-G-6 - Mountain Green, located within walking distance of Snowshed Base Lodge at Killington. Top floor unit with trail views. Renovated and tastefully decorated with very nice furnishings that are included in the sale... 1BR full-ownership condo, sold for just $60,000.

Pico E-102 - Ski in Ski out condominium. Buy a two bedroom Pico condominium for the price of a one bedroom. This "fixer upper" is on the first floor and the ski trail and lift is right outside the door. Easy walk to the Pico Health and Fitness Center which has a large indoor pool and exercise room. Great opportunity!!! This was a gutted 2BR/2BA, but still a great deal at just $80,000.

Pico G-102 - well-maintained, walk-to-and-from Pico ski lifts condominum & close to Pico Sports Center with large indoor pool & exercise room. Two BRs, each w/attached bath, LR w/wood-burning FP. Fully furnished & equipped. 2009-10 WSR - $8,500 +Utils. A perfectly good unit, needed nothing, sold for $127,000 - an outstanding value.

Sunrise Cambridge 302 - This very well maintained one bedroom condominium at Sunrise, is a must see. Its proximity to the amenities center, the Sundog Trail and the price makes it a very desirable unit to own and enjoy. It has been on the rental program so it has generated income for the owner. PRICE REDUCTION! Sold for $120,000

Pico G-304 - Attractive 2BR ski-in/ski-out unit with full loft, featuring cathedral ceilings, skylights, fireplace and brand new carpeting. This slopeside condominium is being sold fully furnished and equipped for rental and/or vacation use. Low condo fees, onsite sports center and shuttle service to Killington make this property an excellent value. Sold for $167,000

Pico H-305 - Slopeside upper level condo in excellent condition. 2 bedrooms and 2 full baths on main floor with spacious loft on upper level. Cathedral ceilings, wood-burning fireplace, skylights, gas heat and all new appliances. Ski in ski out convenience to Pico mountain or shuttle to Killington. Beautiful condo. Must see! An upscale, upper level unit, sold for $185,000.

Killington Sales - May 2010

Killington Sales Update - April 2010

While February and March each had four closed properties, April showed a modest uptick with6 full-ownership sales and 5 quarter-share interval sales. The full-0wnership sales included:

206 Currier Road -Well priced log home in nice neighborhood, close to Killington. 4 bedrooms, 2.5 baths, fireplace, deck overlooking pond. Some TLC needed. Title to be conveyed through Special Warranty Deed. Sold in as is condition... This log home sold for $499,000 in 2005 and closed at foreclosurefor just $162,000 in April - this was the deal of the year!

461 Rim Road - 4 bedroom with large loft. Peaceful setting in Killington East. Hot tub, sauna, views, and priced to sell! Ski trail at end of road... Good price for an on-the-mountain home in Killington; sold at $319,000asking price.

Edgemont A-7 - A good starter unit.....Add your own personal touch to make this your cozy retreat in Killington... This 1BR Edgemont could be a game-changer, as it sold for $72,000 whileothers are priced above $100K.

Highridge E-11 - Aggressively priced condo at High Ridge. This unit earned $11,000 in net income for the owner in 2008. With recent improvements it ranks a "B" for Killington rental program. There is a sauna in upstairs loft bathroom and jacuzzi tub downstairs.Highridge has one of the nicest recreation/pool areas on the mountain that you can ski home to!!... 1BR + Loft at Highridge; sold at deep discount of $158K.

Trail Creek 76 - Nicely updated two bedroom plus loft condo. New carpet, new furniture, new bathrooms, new tvs, new stove and dishwasher. Wood-burning fireplace. Great ski home location. Large mudroom perfect for tracking in with winter boots and skis. Amenities include indoor pool, hot tub, and shuttle service to and from the mountain. Good rental income... Sold for $262,000

Trail Creek 33 - Completely and beautifully update two bedroom plus loft condo conveniently located near ski home trail and sports center. Totally new kitchen and baths including flooring, granite counters, cabinets, and new appliances. New tile floor in mudroom, new carpet throughout, and new furniture. Unlike any other Trail Creek unit. Generates in excess of 16K in NRI with significant owner use. Must see!... Sold for $290K

Click here to seethe full ownership sales for April.

Pico - Hottest Condos In Killington!

Pico sales are on fire and are almost at fire sale prices. Of 12 condominiums currently under contract in Killington, 7 are at Pico. Interestingly, 3 of the remaining 5 are at Sunrise, illustrating the high demand for ski in/ski out condos at Killington. Click here to see the condos currently under contract for sale.

Check back in just a few days for the April Sales Report.