Killington, located in the heart of the Green Mountains in central Vermont, is among the most beautiful and exciting communities in Vermont. This region offers recreation, nightlife, sightseeing and culture all year round.
Killington Pond
Real estate throughout the region has stabilized, according to local brokers. Let's delve into the current state of the Killington real estate market, recent trends, and what buyers and sellers can expect.
Current Market Trends
“It’s been a pretty good year, but we’re definitely seeing a stabilizing of the market,” said Merisa Sherman, managing broker at Four Seasons Sotheby’s. “The upward trajectory has paused.
“Inventory seems stale,” added Prestige co-owner Heidi Bomengen. “Often times, buyers and sellers don’t agree on prices,” Sherman explained.
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On Dec. 17 there were 12 single family houses currently on the market in Killington, Hummel said, compared to 13 at this time last year. “The average sale price is up a little over $1 million,” said Hummel. Of the 22 houses sold thus far, seven went for over $1 million, Bomengen said. “That certainly has been a shift in the market,” echoed Bianchi. “The number of homes now in the $1 million to $2 million range is far greater than it’s ever been.
“Sellers are still in the mentality that they can get whatever they want… they’re using prices from Covid and then pushing that bracket as well,” Bomengen added. Bianchi agreed, adding that while some homes stagnate, others are still receiving multiple offers, “I’m still seeing eager buyers, they just are looking for the right place.
Buyer Preferences
“If they’re buying at the top of the market, they’re a little more particular about what they’re buying,” said Carolyn Bianchi from Ski Country Real Estate, adding that many have been looking since Covid. “At this point, they’re patient.
“I don’t see buyers in Killington, or at least second home buyers, looking for a project,” Bianchi said. “They want something that’s in move-in condition and rentable. And not an outrageous price… three bedrooms (which are quite rare in general in Killington) that are in move-in condition, are going quickly. Bomengen agreed that buyers are looking for a turn-key home.
Bianchi also pointed to a shift she’s seen lately in buyers looking for “generational legacy homes. They want places that are big enough for them to host their kids and their future grandkids. To have them all for Thanksgiving and Christmas,” she said. “So the size of the homes and condos [currently on the market] is precluding a lot of that, because it’s just they’re just not big enough,” she said.
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Williamson, however, said he also has seen more interest from builders and developers recently. “I’m seeing a little more interest now in land,” Williamson said. “And builders are busy. I think that’s going to continue at a pretty aggressive pace as time rolls forward,” he added.
Recent Activity
“In the last three weeks, I put four properties under contract, which was just kind of a flurry of activity,” he said in an interview Dec. 17. “I feel like there was a pause this past spring, summer, fall, and I think some people equated that to the market’s starting to turn, but I don’t think that was the case,” said Bianchi.
Killington Resort Investments
In the Fall of 2024, Powdr sold Killington Resort to a group of local investors. Over the past year of independent ownership, the group has invested $38 million in resort infrastructure with $22 million more pledged for this year.
“There’s a lot of excitement with Killington now being independently owned,” he said. “The more information Killington gives out, letting people know what they’re reinvesting, the more excitement grows. It just makes the community stronger as a whole,” he said. “I’ve said it for years, we have the best resort hands down in the East… now we’re reinvesting all the money the resort makes. It’s a really good position to be in. As people ski here, they will see the improvements and want to flock here even more.
When it comes to summer offerings “No other resorts can really touch us,” Williamson said. “I think people are looking at [real estate investments] for year round enjoyment,” said Bianchi.
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2E2 for Sale at Mountain Green Condos across the street from Killington Resort!
Future Developments
Williamson said that future planned developments that are waiting to be built and sold, also drive investment interest in real estate, particularly Great Gulf’s planned village at the base of Snowshed and Ramshead. “I think once the pen hits the paper and people find out what that’s going to cost, it will sell,” he said.
Bianchi agreed. “I’ve always said we’ve been undervalued for years, and I think Covid just kind of bumped us up. Now, did it bump us up to where it should be? I don’t know, but it’s never going back,” she added.
Additional Factors
The new tax took effect Aug. 1, 2024. Another change from August 2024 is how buyer agent compensation works. “How much is negotiated/paid is not public knowledge due to buyer confidentiality and fiduciary agreements,” Sherman explained. The role of realtors is also more important, she said.
Looking ahead to 2026, reappraisals could further complicate the picture.
Outdoor Activities and Attractions
Renowned for the Killington and Pico Mountain ski resorts, it stands as one of the largest and most diverse ski destinations in the world, attracting winter enthusiasts with its extensive network of trails for downhill skiing, snowboarding, snowshoeing, snowmobiling, and cross-country skiing.
As the snow melts, Killington transitions into a summer haven, featuring two PGA golf courses and numerous scenic hiking and biking trails, including sections of the Appalachian and Long Trails. Nature lovers can explore the Thundering Falls Trail, which leads to a stunning cascade, or wander through the ancient hardwood forests of Gifford Woods State Park.
Thundering Falls Trail
Killington Pico Realty
Killington Pico Realty is open seven days a week, so when you have questions or would like to view properties in person, we can accommodate your schedule and give you all the time and information you need.
Owner/Broker, Kyle Kershner has served the Killington real estate market since 2001. Kyle was the Vermont Realtor of the Year in 2010 and is the only Realtor in Killington holding both the Accredited Buyers Representative (ABR) and the Seller's Representation Specialist (SRS) professional designations.
In 2013, recognizing the need for a boutique-style real estate business, focused on client level services, Kyle launched Killington Pico Realty to serve a market niche that expects and deserves experience, knowledge of the local markets and the utmost in professionalism.
“I keep in touch with all of the folks that I’ve had transactions with,” said Bianchi. “The relationship does not just end with the closing.
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