Two significant price reductions over the weekend highlight today’s Teton County Multiple Listing Service Hotsheet. A 2-bed, 1-bath, 865-square-foot Meadowbrook condo is now a short sale listed at $219,500, down from $359,500 after 410 days on the market. That is $253 per square foot. At this price, the monthly payment on a 30-year mortgage is comparable to what these units rent for. In Teton...

A flurry of closings in the past week has bumped the monthly totals for Jackson Hole real estate sales in May, as of today, to 21 units for a volume of approximately $28.5 million.* Additionally, there are currently 14 pending properties with list prices totaling more than $27 million, which bodes well for June and the rest of May. All figures are according to Teton County Multiple Listing...

Below is a copy of the press release that details Friday’s exciting news – the Jon M. Huntsman family has signed a 20-year franchise agreement that gives them control over the Sotheby’s offices in Jackson Hole, Driggs, Idaho and Sun Valley previously owned and managed by NRT, LLC. Saturday’s Jackson Hole Daily also included a nice summary. Contact me to discuss what this means to me and the...

Two price reductions on today’s Teton County Multiple Listing Service Hotsheet have lowered the bar to entry in the regional housing market. The first is a 464-square-foot studio in Teton Village built in 1972 that is now listed at $149,000. This Sleeping Indian condo - which is now the lowest-priced full-ownership free market home in Teton County - is bank-owned and reduced from $189,900 after 162...