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Killington Real Estate Sales 2023

Inventory was the name of the game in 2023. Historically low inventory, combined with concerns about high interest rates, inflation, soaring housing prices, recession and international conflict resulted in declines in the number of sales in every category of real estate sales in Killington. Not surprisingly, demand for properties in Killington remains strong and as a result, median and average sale prices continued to climb while days on markets plunged in most categories. The following statistics and charts highlight the key market sectors and include statistics from 2006 to present. 

 

Total Number of Sales in Killington - All Property Types: 104 (down 39% from 169 in 2022 & down 61% from the all-time high of 2021)

 

Total Single-Family Home Sales in Killington: 15 (down 50% from 30 in 2022 and down 78% from the all-time high of 67 in 2021) Median Price $725,000 (up 1% from $717,000 in 2022); avg days on market (DOM) 13 vs 48 DOM in 2022. Low inventory was a major contributor to the decline in number of sales, further driving up prices across the spectrum and reducing time on market to an all-time low.

 

Total Multi-Family Homes: 0 (down from 7 in 2022)

 

Total Full Ownership Condos: 56 (down 34% from 85 in 2022) Median Price $348,000 (down 13% from $400,000 in 2022) avg DOM 48 vs 43 in 2022, but only 41 DOM if Mountain Green condos are excluded (a substantial special assessment beginning in 2022 resulted in a large increase of inventory and decreased demand). Again, low inventory overall contributed to lower sales, higher prices and shorter time on market. 

 

Total Interval Ownership Condos (Killington Grand Hotel): 23 (down 21% from 29 in 2022) Median Price $69,900 (up 3% from $68,000 in 2022); avg DOM 56 vs 39 in 2022. Demand for larger units was weaker than for studios and 1BR units, resulting in longer average days on market and a modest increase in sales price.

 

Total Land Sales: 9 (down from 17 in 2022) Median Price $149,000 (up from $143,00 2022); avg DOM 379 (up from 54 in 2022)

 

Total Commercial Sales: 1 (down 50% from 2 in 2022)

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