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News&Guide covers foreclosures, fronts ranch divide

By   /  November 25, 2009  /  No Comments

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The weekly Jackson Hole News&Guide included two real estate-related stories today.

The lead story is the imminent divide in ownership of the Jackson Hole Hereford Ranch, a key 900-acre parcel adjacent to the Town of Jackson to the south.

The two remaining heirs of the Porter Trust made their plans known so those involved with rewriting the Jackson/Teton County Comprehensive Plan can consider this information.

This piece does a great job of outlining the implications for the future while providing a primer on the history of this iconic ranch.

A second story (not online) reports 16 foreclosure auctions are scheduled for December in Teton County with a total starting bid of $27.8 million, the highest monthly total and property value of the year. Key stats include:

• The year was a record for TC, with 12 auctions scheduled with a total of $80.3 million in starting bids
• 34 of these sales were canceled, 27 properties were taken back by the bank, two were sold at auction, with the remainder postponed or pending.
• Not until the 47th auction of 2009 did a property have a starting bid of more than $1 million.

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