Aspens/Racquet Club 1-bed condos peaked in late 2007; today’s prices mirror 2005

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...

Hotsheet Highlights for week of Feb. 14, 2010: $4.9M in sales, 4 PENDING, notable NEW listings

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...

JH banker: Home loan rates will rise

We’ve been hearing for a good solid six months now that interest rates for home mortgages are about to rise. Any day now. No doubt about it. Yet they have remained at approximately 4.875 percent for a conforming 30-year, fixed-rate loan since late last year. Are they about to rise? Don’t ask me, I’m just a Realtor! But local banker Richard Uhl, vice president and real estate loan officer for First...

Real estate activity, news abounds – here’s none of it!

Ironically, but not surprisingly, the busier the real estate market and the more fascinating Jackson Hole real estate-related news there is, the harder it is to pass along that information through this site. The Hotsheet has been filled with great new listings, timely price reductions and several sold and pending listings that have much to say about the clearly stabilizing Teton County market. Several...

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