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...
Town of Jackson
For the first time this year, monthly sales of real estate in Jackson Hole are in danger of not outperforming the same month in 2009. As of the 23rd, June sales reported by the Teton County Multiple Listing Service total just nine with a total sales volume of $5.165 million. June 2009 included 16 sales for $14.2 million in sales volume. May 2010 was strong for real estate sales in Jackson Hole, with 31...
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...
With 18 closings for the month of April reported by Teton County Multiple Listing Service for a total sales volume of $18,509,000, the Jackson Hole real estate market is on a quantifiable roll. This is an early take with additional April sales likely to be reported in the coming days. And a closer look at the individual sales reveals several positive trends including lower average sales price, stabilizing...