July marked the first month in 2010 with year-to-year sales below those in 2009. There were 18 real estate sales in Teton County in July for a total sales volume of $27.935 million, compared with 22 unit sales in July 2009 for $33.280 million, according to Teton County Multiple Listing Service. That was the headline during a market update presented on Wednesday at the Jackson Hole Sotheby’s weekly...
Teton Village
While the overall Jackson Hole real estate market has seen resurgence in 2010 (at least compared to the anemic 2009), the lower end of the market has not participated. Earlier this week I wrote on jhpropertyguide.com about the ballooning inventory of Teton County homes listed below $300,000, which is at its highest point in several years with 34 available properties. On April 27 of this year that number...
Earlier this week I wrote a short blog post for jhpropertyguide.com discussing the available building sites in Jackson Hole. Two aspects I did not touch on, however, were recent sales and under contract listings in this market segment. It certainly wouldn’t have taken long to add them: according to Teton County Multiple Listing Service there have been just 10 building site sales in Jackson Hole since...
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...