Last I looked, Jackson Hole real estate sales for March were off to a strong start after a big finish to February. With a week still to go in the month, I revisited the monthly sales totals and pending listings to see how March was shaping up.
I knew the month had been busy – after all it is the height of the winter selling season – but just how busy surprised me. So far this month there have been 17 recorded sales in the Teton County Multiple Listing Service and another 14 pending sales. Sales volume to date for March totals $24.690 million with list prices for pending sales totaling another $25.207 million. Coupled with figures for January and February, it is clear the first quarter of 2010 is trending upward and is far outpacing 2009.
These totals do not include sales outside of the MLS, which also are strong according to anecdotal and internal information. Highlights among the recorded sales include:
- A 3-bed, 4-bath, 4,078-square-foot “cabin” at Shooting Star in Teton Village closed over the weekend for $5.275 million.
- A 3-bed, 2-bath, 3,075-square-foot home off Fish Creek in Wilson closed today for $2.85 million. Built in 1980, this property was on the market for 307 days and originally priced at $3.95 million.
- Nine of this month’s 17 closings were for less than $1 million with five of these in the Town of Jackson.
- Two building sites sold this month, including a .18-acre lot in East Jackson for $350,000 and a 9.79-acre site in Game Creek for $450,000.
- A 4-bed, 5-bath, 3,531-square-foot custom home in Melody Ranch originally listed at $1.549 million (and above $1.7 million in 2007) sold for $975,000 after 563 days on market.
Even more fascinating are the ramifications of some of the pending listings recorded in the past few weeks. Please contact me for a discussion of what these mean to the overall market and values in specific neighborhoods. These are interesting times indeed!
