At the end of 2009, the yearly real estate sales chart for Jackson Hole properties looked like a ski run on a hanging snowfield. Beginning with the peak in 2005 of more than $700 million in sales, the numbers steadily deteriorated to approximately $225 million in sales in 2009. But what lay below? A cliff, level ground or a return to the “heights” of relatively mediocre sales years like 2003? With...
Hotsheet Highlights
While the focus today, the day after Thanksgiving, is on retail bargains like $99 flat screen TVs, a look at the Jackson Hole real estate inventory reveals the best buying environment in years. One barometer I’ve been tracking for the last two years is the number of residential properties in Teton County listed below $300,000. Today there are 35 such properties with 29 of them in Jackson. In April...
October real estate sales in Jackson Hole were strong, totaling approximately $29.4 million on 24 completed transactions. However, the month fell short of October 2009, the strongest month of that year, when there were 29 transactions for approximately $37.2 million, according to Teton County Multiple Listing Service. As has been the trend this year, the high end of the market (sales above $1.75 million...
A strong final week of September pushed sales for the month in Teton County to 23 units and a total sales volume of approximately* $44 million. How do these numbers compare to September 2009? Favorably, and I will hit the highlights momentarily. However, perhaps more portentous for the fourth quarter of 2010 than past sales figures is the volume and type of price changes reported by Teton County...