It’s been said that one is a point, two is a trend and three is a pattern. Point: September real estate sales in Jackson Hole are on pace for 30 units and about $25 million in sales, with 19 reported as of September 19. Trend: Sales in July and August were similar, with 48 sales for approximately $48 million. Third quarter 2011 is on pace for approximately 80 sales and about $75 million in sales,...
condos
Two significant price reductions over the weekend highlight today’s Teton County Multiple Listing Service Hotsheet. A 2-bed, 1-bath, 865-square-foot Meadowbrook condo is now a short sale listed at $219,500, down from $359,500 after 410 days on the market. That is $253 per square foot. At this price, the monthly payment on a 30-year mortgage is comparable to what these units rent for. In Teton...
Last Wednesday it was announced in the Sotheby’s weekly sales meeting that the brokerage had been chosen to list, and eventually help auction, properties at White Buffalo Club, a high-end hotel condo project on Gill Avenue near Miller Park. Today, three of the offerings hit the Teton County Multiple Listing Service – a pair of 3-bed, 4-bath, 1,760-square-foot units and a 2-bed, 3-bath,...
Richard Uhl, real estate loan manager for First Interstate Bank in Jackson, and his associates visited the Sotheby’s office this morning to discuss the current lending climate. About a dozen agents took advantage. Beyond reiterating what we’ve all known for more than a year – lending guidelines for real estate transactions are very tight these days – Uhl and his team spent most of the half-hour...