Today’s Teton County Multiple Listing Service Hotsheet includes three closings that occurred on Friday for a total sales volume of $2.185 million. For the month of February, this makes 13 closings for a preliminary total sales volume of approximately $24.712 million**. Like January, February’s numbers will look pretty darn good compared to 2009, which was one of the worst first quarters in more than a...

While I have already discussed January sales numbers in this Teton Realty Today post, this week my brokerage, Sotheby’s International Realty in Jackson Hole, provided a more complete roundup of the month’s sales as well as a thorough analysis of the year 2009. (I also covered 2009 more superficially in this post.) I am happy to pass along this 56-page presentation as a PDF to anyone interested. It...

After last weekend’s close of a 1-bed, 1-bath, 766-square-foot unit in the Aspens/Racquet Club at $220,000, I took a closer look at this market segment. A quick look reveals this is the lowest price since October 2005 for what is perhaps the most common unit in this neighborhood dominated by short-term rental properties. Going back to this date in 2004, there have been 66 sales of these units that were...

A CLOSED sale in Wilson for $4.05 million highlights this week’s Teton County Multiple Listing Service Hotsheet activity, as well as more than $2.3 million in PENDING sales. Additionally, the link above includes a handful of notable new listings and price reductions indicative of the direction of the Jackson Hole real estate market. In short, prices continue to come down and overall inventory continues...