Teton Realty Today

Tag Archives: Town of Jackson

Lower prices, increased sales boost Jackson Hole real estate in 2011

It wasn’t real estate heaven, the market didn’t party like it was 2007, but overall Jackson Hole real estate was pretty darn good in 2011. The calendar year ended last week with a total of 326 closings in Teton County, including 289 residential and 37 building site sales. The sum exceeds the 261 sales in [...]

Cottonwood Park: Jackson Hole’s working class hero

It may be hard to imagine today, but in 1984 when the first Cottonwood Park homes were under construction, the southwestern corner of Jackson looked almost as rural as the ranch lands that define the landscape south of High School Road today. There were no sprawling school campuses with synthetic sports fields. No apartment complexes. [...]

October extends trend: More units, less sales volume

Buyers continue to return to the Jackson Hole real estate market with a focus in 2011 on the low end. In October, for example, this was evident as unit sales (38) increased 31 percent year over year, while sales volume ($36 million) slipped 6 percent. A report produced by Jackson Hole Sotheby’s summarizing 2011 sales [...]

Quality lots driving uptick in Jackson Hole land sales

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, [...]

Neighborhood focus: Melody Ranch humming right along

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, [...]

What you get for $300,000 in Jackson Hole: A 2-car garage!

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 [...]

Black Friday for Jackson Hole real estate

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. [...]

Jackson Hole real estate losing streak ends at one month

With another full day left before the end of August, it appears real estate sales in Jackson Hole for the month will exceed those for the same month in 2009. This is significant because July marked the first month this year when sales failed to exceed those in the previous year. According to Teton County [...]

End-of-summer sale for Jackson Hole real estate

Everything must go! Shop now for best selection on deeply discounted inventory! With just a few weeks until September, the busiest month for sales in Jackson Hole, price reductions have dominated the Teton County Multiple Listing Service Daily Hotsheet this week. Since Monday, there have been 23 price reductions on residential properties priced as low [...]

June sales hit 21 in Teton County

Three sales reported in the last two days of June helped push total unit sales to 21 and sales volume for the month to $29.9 million. These included 14 residences, five building sites and two commercial transactions. The good news is that June sales in 2010 exceeded June 2009 by five sales and more than [...]