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CLOSED in Rafter J, subdivision update

By   /  December 11, 2009  /  No Comments

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Today’s Teton County Multiple listing Service daily hotsheet reports a closed sale in Rafter J. Originally listed for $549,000, the 3-bed, 3-bath, 1,676-square-foot Cedarwoods townhome sold for $446,000 after 141 days on the market,

So what’s going on today in this subdivision located about a mile south of Jackson in South Park? Here is a list of the active, pending, and sold (since this day 2005) listings for Rafter J.

Highlights include:

  • There are 10 active listings in Rafter J, but no pending sales. List prices range from a 2-bed, 2-bath, 1,676-square-foot townhome at $375,000 and a 3-bed, 3-bath, 1,807-square-foot home at $739,000.
  • There have been 65 sales in Rafter J since this date in 2005, but just three in the past 12 months. That breaks down to approximately 14 sales in 2008, 22 in 2007, and 26 in 2006.
  • The highest sale price in Rafter J is $985,000 for a 3-bed, 4-bath, 3.232-square-foot home on .26 acres in May 2008.
  • The high sale for a Cedarwoods, by the way, is $650,000 in May 2008.

What else is going on in Rafter J? What is that large building being constructed on Big Trail Drive? Are there any building sites available in this 25-year-old development? What is the ratio of single-family homes to townhomes?

Contact me to continue the discussion.

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