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{"id":430,"date":"2010-05-03T11:38:30","date_gmt":"2010-05-03T17:38:30","guid":{"rendered":"https:\/\/www.jacksonholerealestatetoday.com\/?p=430"},"modified":"2010-05-03T11:38:30","modified_gmt":"2010-05-03T17:38:30","slug":"april-sales-total-18-units-positive-trends-continue-for-jackson-hole-real-estate","status":"publish","type":"post","link":"https:\/\/briansiegfriedjh.com\/april-sales-total-18-units-positive-trends-continue-for-jackson-hole-real-estate\/","title":{"rendered":"April sales total 18 units, positive trends continue for Jackson Hole real estate"},"content":{"rendered":"With 18 closings for the month<\/a> 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.<\/p>\nAnd a closer look at the individual sales reveals several positive trends including lower average sales price, stabilizing prices in Jackson and Melody Ranch and a pick-up in activity for Teton Village and short-term rental properties.<\/p>\n
The easy comparison is to April 2009, when there were just 9 sales for a total sales volume of $9.95 million. This year roughly doubles that on both counts. That also makes 68 sales for 2010, compared to 28 at this time in 2009.<\/p>\n
True, April 2008 (29 sales for more approximately $30 million), April 2007 (33 sales for more than $30 million) and April 2006 (31 sales for more than $30 million) were more prolific, but 2003-05 averaged 17 sales and $21 million. Once again, 2010 is looking more and more like the new 2005.<\/p>\n
Some highlights from April\u2019s real estate closings include:<\/p>\n
\n- Excluding a $5.2 million sale in Teton Pines, the month\u2019s highest recorded sale, the average sales price for the remaining 17 sales was $782,000. Including the 5-bed, 5-bath, 6,589-square-foot Pines home, the average was $1,082,000. The lower this average, the better for the overall market.<\/li>\n
- There were five sales at or below $470,000, including two standard Aspens units at $241,000 and $280,000 and a larger Aspens unit (1,407 square feet) going for $470,000. More good news for a hard-hit subdivision.<\/li>\n
- Four single-family homes in the town of Jackson sold between $532,500 and $600,000. In each case the home was on the market for at least six months and saw a significant price reduction during that time, but the more comparable sales that occur in this range the stronger the case for the market having reached bottom.<\/li>\n
- Same story in Melody Ranch where there were three sales in April. The least-expensive sale was $800,000 for a 4-bed, 4-bath, 2.881-square-foot home on the market for 658 days. Contact me for a much closer look at Melody Ranch.<\/li>\n
- Two sales in Teton Village are also encouraging. Still slow in this market but the sale of a Granite Ridge cabin at a great price ($1.5 million) and a closing at Hotel Terra 2 are definitely noteworthy. Contact me for a closer look at Teton Village and other short-term rental property opportunities.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"
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 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[167,164],"tags":[342,168,296,274,144,253],"class_list":["post-430","post","type-post","status-publish","format-standard","hentry","category-hotsheet-highlights","category-market-statistics","tag-april","tag-melody-ranch","tag-teton-county-multiple-listing-service","tag-teton-pines","tag-teton-village","tag-town-of-jackson"],"yoast_head":"\n
April sales total 18 units, positive trends continue for Jackson Hole real estate · Brian Siegfried Real Estate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/briansiegfriedjh.com\/april-sales-total-18-units-positive-trends-continue-for-jackson-hole-real-estate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"April sales total 18 units, positive trends continue for Jackson Hole real estate · Brian Siegfried Real Estate\" \/>\n<meta property=\"og:description\" content=\"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. 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