This week my favorite Jackson Hole economist, Jonathan Schechter, completes his three-part series on why the local economy has hit bottom with a look at taxable sales. While not nearly as fascinating (to me at least) as his analysis of real estate sales and inches of classified ads in the local newspapers, this week’s article also is a must read. (Unfortunately the Jackson Hole News&Guide...
Uncategorized
It’s listed for $2.45 million today, but word is this bank-owned Granite Ridge Timbers unit with 3 beds, 4 baths and 3,249 square feet will be reduced to $2.2 million in the next few days. Sure enough, as I write the price has just changed in the Teton County Multiple Listing Service and ownership has been changed to First Interstate Bank. Noteworthy facts about this listing include: The highest...
It's Spring Break here in Jackson Hole, and the streets of Jackson and the halls of Sotheby's are as quiet as they will be all year. Personally, I've been taking some time to enjoy the more than five feet of snow that has fallen in the mountains over the last 10 days and catch up on some much needed organization after a busy winter. However, there has been no lack of real estate related news here in...
A CLOSED sale in Wilson for $4.05 million highlights this week’s Teton County Multiple Listing Service Hotsheet activity, as well as more than $2.3 million in PENDING sales. Additionally, the link above includes a handful of notable new listings and price reductions indicative of the direction of the Jackson Hole real estate market. In short, prices continue to come down and overall inventory continues...