In my most recent post on jhpropertyguide.com, I discuss the slowly improving market for building sites in Teton County. And by slowly I do mean S-L-O-W, with just 38 sales* in the last 12 months compared to an average of 125 in the five years between October 2003 and October 2008. The uptick is measurable, however, as the sales since October 2010 are an increase of 61 percent over the previous 12...
Town of Jackson
For a model of consistency prior to and after the beginning of the current recession in September 2008, Melody Ranch is hard to beat. A September 13 closing on a 4-bed, 2,320-square-foot home listed at $729,000 was the 14th in the last 12 months. During the previous 12 months, from October 2009 to October 2010, there also were 14 sales. The three years prior to that saw 10, 10 and 13 sales respectively,...
There are now 20 active residential listings in the Town of Jackson listed below $300,000, which is 20 more than were available in 2008. However, until today, when a bank-owned 3-bed, 1,400 square foot townhouse in West Jackson was reduced to $299,000, not one of them included an enclosed garage. So what is a garage in Jackson worth? Well, most off-the-cuff answers might depend on how far below zero the...
While the focus today, the day after Thanksgiving, is on retail bargains like $99 flat screen TVs, a look at the Jackson Hole real estate inventory reveals the best buying environment in years. One barometer I’ve been tracking for the last two years is the number of residential properties in Teton County listed below $300,000. Today there are 35 such properties with 29 of them in Jackson. In April...