The increasingly warm March sun shines on Franco's Fine Tunes at the base of Jackson Hole Mountain Resort. Today’s Jackson Hole real estate activity: NEW: Ponderosa Village 2-bed, 1-bath, 644-square-foot condo built in 1976, listed by Apex Real Estate for $340,000. NEW: Park Place Condo in mid-Jackson with 2 beds, 626 square feet built in 1973, listed by Jackson Hole Sotheby’s International...
Racquet Club
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...
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...
A CLOSED sale in Wilson for $4.05 million highlights this week’s Teton County Multiple Listing Service Hotsheet activity, as well as more than $2.3 million in PENDING sales. Additionally, the link above includes a handful of notable new listings and price reductions indicative of the direction of the Jackson Hole real estate market. In short, prices continue to come down and overall inventory continues...