A new listing today for a 716-square-foot condo in West Jackson’s Ponderosa Village for $206,900 is now the lowest priced 2-bed home in Teton County. This supplants a 2-bed, 1-bath condo on Smith Lane listed for $245,000. This continues an 18-month trend of lowering values for entry-level housing in Jackson Hole that has seen few sales relative to the overall market. Currently, there are 11 2-bed units...
Town of Jackson
Last I looked, Jackson Hole real estate sales for March were off to a strong start after a big finish to February. With a week still to go in the month, I revisited the monthly sales totals and pending listings to see how March was shaping up. I knew the month had been busy - after all it is the height of the winter selling season - but just how busy surprised me. So far this month there have been 17...
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...
Late last week I had a chance to take a guided tour of the brand-new Pearl at Jackson building in downtown Jackson, as well as another good look at the White Buffalo Club, a year-old project also just a few blocks from Jackson Town Square. While both developers are trying to find just the right buyers for what they consider unique products in a challenging real estate environment, each is taking a...