Jay Peak’s Real Estate Market is Booming

By AlpineZone News |
Apr 12 2005 - 11:12 AM

JAY, Vermont ??” Jay Peak began its Village build-out in the early 1990’s and from the get-go, interest in the mountain’s slopeside real estate has been strong. Jay’s Phase III condominium and townhouse construction is no exception – almost 75% of the new 48 units are already under contract.

Jay is currently completing construction on the last of the 80 Phase II condominiums and townhouses (part one, which included 24 units, was completed during the 2003-04 season and part two includes 56 units that will be finished this spring/summer). The resort will begin construction of the Phase III units as soon as all the permits have been approved. These 48 new units are included in Jay Peak’s Master Plan and applications for site-specific permits are in-progress.

The Phase III plan calls for two townhouse buildings of four units each and five condominium buildings of eight units each. Condominium units come in 2-bedroom/2-bath 3-bedroom/3-bath, and 4-bedroom/4-bath configurations. Townhouse units have 4- or 5- bedrooms and 4-baths. Prices for these luxury condominiums and townhouses range from $279,000 to $549,000.

All eight townhouses are under contract and 26 of the 40 condominiums are spoken for. Interestingly, the majority of these units are under contract to existing Jay Peak homeowners.

“Homeowners tell us that they choose Jay Peak real estate for its quality design and construction, and extremely competitive pricing”, said Lisa Klefos, Jay Peak real estate agent. “Our homeowners get exceptional value for their money and Jay Peak’s commitment to maintaining a low-density development plan means that they also get the best resort experience possible.”

For more information on any of Jay Peak’s real estate opportunities, visit jaypeakrealestate.com or contact Jay Peak’s real estate agents Joan McAllister or Lisa Klefos at 802.988.2611.