Entry-level listings on rise but few 2010 closings

While the overall Jackson Hole real estate market has seen resurgence in 2010 (at least compared to the anemic 2009), the lower end of the market has not participated. Earlier this week I wrote on jhpropertyguide.com about the ballooning inventory of Teton County homes listed below $300,000, which is at its highest point in several years with 34 available properties. On April 27 of this year that number...

June sales hit 21 in Teton County

Three sales reported in the last two days of June helped push total unit sales to 21 and sales volume for the month to $29.9 million. These included 14 residences, five building sites and two commercial transactions. The good news is that June sales in 2010 exceeded June 2009 by five sales and more than twice the volume; the not-too-good news is that last month represented a slight cooling of the market...

Jackson Hole building site sales far behind residential

Earlier this week I wrote a short blog post for jhpropertyguide.com discussing the available building sites in Jackson Hole. Two aspects I did not touch on, however, were recent sales and under contract listings in this market segment. It certainly wouldn’t have taken long to add them: according to Teton County Multiple Listing Service there have been just 10 building site sales in Jackson Hole since...

Monthly sales streak in jeopardy

For the first time this year, monthly sales of real estate in Jackson Hole are in danger of not outperforming the same month in 2009. As of the 23rd, June sales reported by the Teton County Multiple Listing Service total just nine with a total sales volume of $5.165 million. June 2009 included 16 sales for $14.2 million in sales volume. May 2010 was strong for real estate sales in Jackson Hole, with 31...

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