Two significant price reductions over the weekend highlight today’s Teton County Multiple Listing Service Hotsheet. A 2-bed, 1-bath, 865-square-foot Meadowbrook condo is now a short sale listed at $219,500, down from $359,500 after 410 days on the market. That is $253 per square foot. At this price, the monthly payment on a 30-year mortgage is comparable to what these units rent for. In Teton...
Hotsheet Highlights
A flurry of closings in the past week has bumped the monthly totals for Jackson Hole real estate sales in May, as of today, to 21 units for a volume of approximately $28.5 million.* Additionally, there are currently 14 pending properties with list prices totaling more than $27 million, which bodes well for June and the rest of May. All figures are according to Teton County Multiple Listing...
Two price reductions on today’s Teton County Multiple Listing Service Hotsheet have lowered the bar to entry in the regional housing market. The first is a 464-square-foot studio in Teton Village built in 1972 that is now listed at $149,000. This Sleeping Indian condo - which is now the lowest-priced full-ownership free market home in Teton County - is bank-owned and reduced from $189,900 after 162...
With 18 closings for the month of April reported by Teton County Multiple Listing Service for a total sales volume of $18,509,000, the Jackson Hole real estate market is on a quantifiable roll. This is an early take with additional April sales likely to be reported in the coming days. And a closer look at the individual sales reveals several positive trends including lower average sales price, stabilizing...