Town of Jackson looks good in brown. After a dearth of new Jackson Hole real estate listings in recent months priced below $500,000, several have hit Teton County Multiple Listing Service in recent weeks. Since the beginning of September, there have been seven new properties priced for less than $320,000 and 14 under $500,000. The new inventory certainly will lead to an increase in closings for less...
affordable housing
Melody Ranch includes 351 homes, of which 151 are "affordable." Regular readers know Melody Ranch is one of my favorite Jackson Hole neighborhoods, with a mention in just about every post. Why? Not only do I live there and have years of experience helping buyers and sellers in this area, I love the architecture, location and the way the residents are creating a community. Not to mention the fact it is a...
The welcome mat is out for March visitors to Jackson Hole. There were 27 real estate sales in Jackson Hole in February, six more than in 2012, but only two closed below $250,000 and five for less than $500,000. Not surprisingly, this led to a whopping 131 percent increase in sales volume with monthly sales hitting approximately $40 million. Why the slow down on the low end? Partly because of a lack of...
The price has been right for entry-level Jackson Hole homes in recent months, with the inventory of properties listed at or below $300,000 decreasing by 28 percent to 28 units since the beginning of the year. It’s possible the inventory in this market segment peaked in late December, when there were 39 units listed below $300,000, a benchmark I’ve written about many times in recent years. The price...