After a dearth of new Jackson Hole real estate listings in recent months priced below $500,000, several have hit Teton County Multiple Listing Service in recent weeks. Since the beginning of September, there have been seven new properties priced for less than $320,000 and 14 under $500,000.
The new inventory certainly will lead to an increase in closings for less than $300,000 after there were none in July and just one in August. There have been two thus far in September, with another three properties listed for less than $300,000 under contract.
Highlights from the new entry-level inventory include:
- The lowest-priced residential property in Teton County is now a 2-bed, 1-bath, 755-square-foot condo in Hillside Business Condominium Complex in South Park listed at $210,000. The home has a deed restriction with sales limited to owner-occupants that work at least 30 hours a week in Jackson Hole, or investors who will rent to residents who qualify.
- Listed at $255,000 is a 1-bed, 590-square-foot High Teton Condo in East Jackson.
- An Aspens 1-bed, 769-square-foot unit came on market at $294,000.
- A 3-bed, 2-bath, 1,500-square-foot, single-family home in Hoback Junction is now the least-expensive single-family home in Teton County, is priced at $310,000.
- A bank-owned 2-bed, 1,350-square-foot Cache Creek Townhome in Town of Jackson was listed at $319,300.
- And East Jackson “bungalow” listed at $440,000 with 3 beds and 1,260 square feet sits on an AR lot, providing potential redevelopment value.
Two riverside lots in Bar BC Ranch recently went under contract, bolstering an already strong year for building site sales.
Notable entrty-level housing closings in September thus far include:
- Two condos on Millward Avenue, for less than $285,000. One is a 20-year-old Brookside 1-bed unit on market for about 100 days and the other a 1-bed Miller Park Loft that had been listed for 1,159 days.
- Two townhomes near the base of Snow King Resort in the same 6-unit complex. One was listed for $309,000 and the other at $315,000, with sales prices averaging more than 99 percent of list price.
- A 2-bed, 1,004-square-foot Sleeping Indian condo in Teton Village built in 1972 listed for $389,000.
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