Just one month until Jackson Hole Mountain Resort kicks off the 2012-13 ski season. A penthouse in Four Seasons Jackson Hole listed at $5.95 million went under contract this week, extending a recent hot streak for this bellwether Teton County real estate market segment. As of October 21, there have been 28 Teton Village residential sales in 2012 for an approximate sales volume of $46.5 million. There...
Hotsheet Highlights
Sales volume jumped approximately 22 percent in April to $40.6 million, compared to April 2011, on 26 unit sales. Jackson Hole real estate unit sales for April were flat year over year. The high end was very active in April compared to recent months that saw a surge in entry-level residences in Town of Jackson. Ten of the sales were above $1.85 million, and in nearly every case the property sold after...
The price has been right for entry-level Jackson Hole homes in recent months, with the inventory of properties listed at or below $300,000 decreasing by 28 percent to 28 units since the beginning of the year. It’s possible the inventory in this market segment peaked in late December, when there were 39 units listed below $300,000, a benchmark I’ve written about many times in recent years. The price...
First quarter unit sales for Jackson Hole real estate will be down as much as 16 percent and sales volume nearly 40 percent compared to 2011, according to preliminary figures from Teton County Multiple Listing Service. This marks just the second quarter in the last 10 to see a decrease in year-over-year sales. March marks the third consecutive month reported sales trailed the previous year, with 25...
