Currently there are 37 condos listed below $1 million in the Aspens/Racquet Club and Teton Village, with 20 listed below $500,000. While there are another 26 Jackson Hole condos listed above $1 million to nearly $4 million, the lower half of the market has driven the resurgence of ski properties in the last several quarters. Through the first three quarters of 2011, Teton Village unit sales increased 78...
Aspens
Turns out there really are $100,000 bills, and they have a picture of Woodrow Wilson on them. Thank you, Wikipedia. When I wrote on jhpropertyguide.com earlier this week about the recent price reductions on a pair of 2-bed condos to at or below $100,000, the mention of such a denomination was only meant to be a metaphorical image worthy of this “note”-able threshold being passed. The occasion almost...
October real estate sales in Jackson Hole were strong, totaling approximately $29.4 million on 24 completed transactions. However, the month fell short of October 2009, the strongest month of that year, when there were 29 transactions for approximately $37.2 million, according to Teton County Multiple Listing Service. As has been the trend this year, the high end of the market (sales above $1.75 million...
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...