By Victoria Gaither
May local buyers have taken advantage of lower interest rates over the past few years, aiming to stimulate the economy and encourage consumer spending.
That’s been a boon for local real estate agents, including White Cap Realty agent Jadziah DeRosia, whose offices are in Mendon. “I’m still seeing a high demand for homes and condos in this area. Many people want to take advantage of the lower interest rates, and the Rutland/Killington area is a desirable place,” she said.
The greater Rutland area is hot, said DeRosia, and out-of-state buyers are still ringing her phone booking appointments despite the limited inventory in the area.
“There are still many buyers that I work with from out-of-state either looking to relocate to the area, buy a ski condo, or buy an income-generating (either short or long-term rental) property.”
The heightened interest is no surprise to DeRosia — she personally understands why buyers are moving into the area.
“I think it’s a great place to live, work, and play (I’m a big snowboarder). Where else do you get world-class skiing and snowboarding, local shopping, great local restaurants, and easy transportation to Boston and New York City, all in an area with a reasonably affordable cost of living?”
At Prestige Real Estate of Killington, agent Kaitlyn Hummel sees the same trends in the market but adds inventory is a problem.
“I would still consider our current market to be ‘hot.’ The lack of inventory has slowed the sales pace; however, the demand remains high,” explained Hummel.
She continued, “Our office has been seeing a mix of investors looking to capitalize on income properties and folks searching for a second home in a beautiful area with a fabulous community.”
The ski community is one big reason why out-of-towners want to move to Killington, Hummel said in her interview, “We are seeing a lot of demand for ski on/ski off properties and ‘mountain style’ homes. People want something different from their primary residence,” she said.
While the profile of a newcomer is diverse, all are drawn to the outdoor lifestyle, peaceful environment, and friendly communities central Vermont offers, Hummel added.
Tucker Adirondack Lange, agent at KW Vermont in Killington, has also been busy showing properties and getting several offers on each.
“I don’t like saying this, but money is cheap now,” he said, referring to low-interest rates. He continued, “the demand in Killington has always been high, and Covid put a microscope on the area.”
Lange has lived in ski towns across America and said that Killington Ski Resort is the biggest and best on the East Coast.
So he gets why Killington is the place to be, and like DeRosia and Hummel, he waits for the next listings to make Killington’s dreams come true.