{"id":705,"date":"2011-12-18T13:08:30","date_gmt":"2011-12-18T20:08:30","guid":{"rendered":"https:\/\/www.jacksonholerealestatetoday.com\/?p=705"},"modified":"2011-12-18T13:08:30","modified_gmt":"2011-12-18T20:08:30","slug":"not-quite-ski-in-ski-out-jackson-hole-condos-driving-resurgence","status":"publish","type":"post","link":"https:\/\/briansiegfriedjh.com\/not-quite-ski-in-ski-out-jackson-hole-condos-driving-resurgence\/","title":{"rendered":"Not quite ski-in, ski-out Jackson Hole condos driving resurgence"},"content":{"rendered":"
\"\"<\/a>
Berry Patch condos in the Aspens are now listed below $300,000 after selling for more than $500,000 in 2007. These 1-bed units built in the 1970s offer a lower-priced opportunity to own ski property.<\/figcaption><\/figure>\n

Currently there are 37 condos listed below $1 million<\/a> in the Aspens\/Racquet Club and Teton Village, with 20 listed below $500,000. While there are another 26 Jackson Hole condos listed above $1 million to nearly $4 million, the lower half of the market has driven the resurgence of ski properties in the last several quarters.<\/p>\n

Through the first three quarters of 2011, Teton Village unit sales increased 78 percent to 50 while decreasing in sales volume 4.3 percent to $43.4 million. Since October there have been 12 sales in the Aspens and Teton Village, with all but one below $1 million.<\/p>\n

Of course the closer to the lifts the better if skiing or snowboarding is a person\u2019s main reason for owning property near Jackson Hole Mountain Resort. However, a condo doesn\u2019t have to be ski-in\/ski-out to earn solid rental income or be more than just a few minutes from lift service. Contact me for actual and\/or estimated rental figures for these properties.<\/a><\/p>\n

After a price reduction this week on a 1-bed, 1-bath, 736-square-foot condo in the Aspens to $289,000, there are now six such units listed for sale below $300,000. Located approximately three miles south of Jackson Hole Mountain Resort, these properties have for decades represented a popular entry-level ski property ownership opportunity. In 2007 these same units sold for more than $500,000.<\/p>\n

Rather schuss right to your door in Teton Village? The only option below $300,000 is a 441-square-foot Teton Mountain Lodge studio. The next full ownership opportunity in the Teton Village core is a 1-bed, 580-square-foot condo in Snake River Lodge and Spa at $372,750. There are seven ski-in\/ski-out condos listed for less than $500,000.<\/p>\n

\"The<\/a>
The only condo sale in Teton Village since October above $1 million was in Four Seasons in Jackson Hole.<\/figcaption><\/figure>\n

A closer look at the 63 active listings for condos on the West Bank of the Snake River includes these additional highlights:<\/p>\n