This just in: 2009 was not a stellar year for real estate sales in Teton County. This not-so-breaking news was quantified during a presentation Wednesday at the weekly Sotheby’s International Realty in Jackson Hole sales meeting. However, it’s also clear there is considerably more momentum as we head into 2010 than at this point last year. Of course that is not hard considering there were just 4...
Market statistics
Thanks to our friends at Jackson Hole Title & Escrow, who have been providing convenient and consistent updates on Teton County foreclosures, word came last night that the foreclosure set for today on an iconic Town Square property has been canceled due to bankruptcy. For the back story on the Davies-Reid building (formerly Jackson Drug), see this recent Teton Realty Today post and the included...
Short sales and potential foreclosures continue to play a significant role in the Jackson Hole real estate market. Yesterday’s Jackson Hole News&Guide continued its coverage of the impending foreclosure of the iconic Jackson Drug building on Town Square. In short, the stone building constructed in 1937, which has 2,940 square feet of retail space, 2,600 square feet of storage and a 4-bed,...
Jackson Hole banker Richard Uhl, real estate loan manager for First Interstate Bank, says home loan rates have been gradually increasing in recent weeks. “We are currently at 5.25 percent on a “Conforming” 30-year fixed rate loan. The 30-year fixed Fannie Mae required net yield (wholesale price to lenders) is at the highest level since August 24. As we continue to see a decrease in Fed purchases...