Sales in December 2011 were up 50% over November, marking it the best month in volume since May 2011 and the highest median sales price since this blog has monitored the metric. There were 12 transactions in Killington in December 2011, comprised entirely of condominium sales. The condo sales included four quarter-shares at the Killington Grand Hotel, a 1BR Mountain Green in Building III for just $36,000, two ski-home Trail Creek condominiums, two new construction townhouses at The Heights and three ski in/ski out condos including a Sunrise and two Lodges units.
Strong activity in the $300-$400K price range resulted in a median sales price in December 2011, exclusive of interval ownership properties, of $300,000. Please click the link below to see all of the real estate sales in Killington in December 2011:
These are the most robust sales figures in years and may signal a transition from a declining market to a stabilizing market - the perfect time to buy, especially given the low cost of money as a result of historically low interest rates.