Turns out there really are $100,000 bills, and they have a picture of Woodrow Wilson on them. Thank you, Wikipedia. When I wrote on jhpropertyguide.com earlier this week about the recent price reductions on a pair of 2-bed condos to at or below $100,000, the mention of such a denomination was only meant to be a metaphorical image worthy of this “note”-able threshold being passed. The occasion almost...

A home can be any dwelling from a studio condominium to a sprawling mansion, but most people's idea of a home, and the meat of the Jackson Hole residential market is a freestanding single-family house. There are currently 285 single-family homes listed in Teton County Multiple Listing Service, or about 62 percent of the 455 residential properties. Active condo listings, for comparison, number 125,...

For the first time since 2007, Jackson Hole real estate unit sales reached 100 during the first four months of the year. After 23 sales in April for a total sales volume of approximately* $32 million, Teton County sales in 2011 now exceed $122 million, not far behind the $130 million recorded during this time period in the final “bubble” year of 2008. April 2011 also easily outperformed April 2010,...

The supporting data is piling up and the trend lines are clear. By all metrics, it can now be considered a buyer’s market for Jackson Hole real estate. One of the earliest lessons of my real estate career was a version of the “Four Stages” theory of home sales. Some break down the dynamics of the sales cycle into six, nine or as many as 10 stages, but they all say the same thing: when prices have...