After nearly two years since the last sale of a building site in Melody Ranch, a new listing today for a .33-acre lot in Melody Ranch for $399,000 turns back the clock to August 2005. It was during that month that eight building sites in this neighborhood sold for between $370,000 and $395,000. By September 2005, the price for one of these lots – nearly all between .3 acres and .7 acres – had risen...
Hotsheet Highlights
Last I looked, Jackson Hole real estate sales for March were off to a strong start after a big finish to February. With a week still to go in the month, I revisited the monthly sales totals and pending listings to see how March was shaping up. I knew the month had been busy - after all it is the height of the winter selling season - but just how busy surprised me. So far this month there have been 17...
A price reduction reported on today’s Hotsheet on a 3-bed, 2-bath, 1,360-square-feet single-family home in Rafter J is a microcosm of how far values in this neighborhood have fallen. Now listed at $459,000, this home last sold in August 2007 for $600,000, which was $32,500 above the list price, after 67 days on market. In May 2008 it was relisted at $795,000, but did not sell after 371 days on market...
The first week of March saw a tremendous amount of activity in the Teton County Multiple Listing Service. Where to begin? After a final weekend of February that saw a small flurry of 3 strong property sales, there have been six sales since Monday for a total sales volume of $7.8 million. Six additional properties went under contract with list prices totaling $14.228 million. New listings, which have been...