Today was scheduled to be a busy day for auctions of Teton County foreclosed properties, with five properties worth more than $14 million on the block, but none of them made it to the steps of the courthouse. A few days before Christmas the Davies-Reid building on the Town Square had its auction rescheduled for Jan. 19, 2010. Opening bid is $2,763,715.67. It was announced yesterday the other four...
downturn
Just one year ago there were but a handful of full ownership properties listed for sale in the Teton County Multiple Listing Service for less than $300,000. A quick search today finds there are now 26 such properties. Some of the highlights of these listings include: The least expensive is a 2-bed, 1-bath, 800-square-foot unit located on Deer Drive about 2 miles south of Jackson. Newly listed today at...
The least expensive free-market home in Melody Ranch went under contract over the weekend after 448 days on the market. Originally listed at $1,075,000, this 4-bed, 2.5-bath, 2,137-square-foot home on .35 acres was listed for $835,000, a discount of at least 22.7 percent. For perspective, this home closed for $570,000 in September 2002. This continues what has been a dramatic downturn in values during...