Burke Announces Plans for Development

[smootharc]

Caledonia County.....

i would love to hear from local residents from other areas in VT that had resorts develop from regular ski areas. how did the mad river valley deal with ASC (though it was mascara mountain before ASC moved in...) or perhaps stratton? okemo?

....ranked #2 in VT in 2004-05 for increase in value of Primary Homes and Primary Condos at +29.5% with a 2005 Median Price of $117,500.

....ranked #1 in VT in 2004-05 for increase in value of Vacation Homes and Vacation Condos at +78.6% with a 2005 Median Price of $125,000.

For comparison:

For Vermont in general statewide 2005 Vacation Home median is $185k (up 14.6%) and Vacation Condo is $237K (12.7%).

For a resort benchmark (and SB/MRV are very unresort like in terms of mean and median prices compared to Stowe, Ludlow (Okemo), and Stratton).....Washington County (Warren, Waitsfield, Fayston...) was #10 in the first stat (primary) above at +12.2% and a Median of $177K....

....and in the second stat above (vacation) was #8 with +18.8% and a Median of $165k.

For what it's worth, in one Ginn constructed development in FL property assessment values jumped 39% two years ago, and 41% last year.