With 18 closings for the month of April reported by Teton County Multiple Listing Service for a total sales volume of $18,509,000, the Jackson Hole real estate market is on a quantifiable roll. This is an early take with additional April sales likely to be reported in the coming days. And a closer look at the individual sales reveals several positive trends including lower average sales price, stabilizing...

Coincidentally, there were three Teton Pines Clusters homes on the Teton County Multiple Listing Service daily hotsheet this morning. A 4-bed, 4-bath, 2,938-square-foot Clusters home built in 1985 – one of Teton Pines’ very first – is new to market today at $1,650,000. A 5-bed, 5-bath, 5,806-square-foot Clusters home built in 1989 was reduced in price to $2,300,000. This has been foreclosed upon...

A new listing today for a 716-square-foot condo in West Jackson’s Ponderosa Village for $206,900 is now the lowest priced 2-bed home in Teton County. This supplants a 2-bed, 1-bath condo on Smith Lane listed for $245,000. This continues an 18-month trend of lowering values for entry-level housing in Jackson Hole that has seen few sales relative to the overall market. Currently, there are 11 2-bed units...

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...