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What does $300,000 buy in Jackson Hole?

By   /  January 28, 2010  /  No Comments

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there are now two 1-bed, 1-bath units available in the High Teton Condominiums on Hansen Street in East Jackson. In January 2009, a similar unit sold for $303,000.

There are now two 1-bed, 1-bath units available for less than $300,000 in the High Teton Condominiums on Hansen Street in East Jackson. In January 2009, a similar unit sold for $303,000.

Two years ago, the answer was “not much.” Today, the inventory of residential properties below $300,000 includes several properties in all corners of Jackson Hole. Click here for the 20 condominiums (and here for the five lowest price single-family homes, which begin at $375,000) currently in Teton County Multiple Listing Service with list prices below $300,000.

While in 2008 the only Teton County condos listed at prices less than $300,000 were located on Deer Drive, the industrial neighborhood in South Park, today’s inventory can be found in Teton Village, Aspens/Racquet Club, West Jackson, East Jackson and on Deer Drive.

Other interesting information about this segment of the Jackson Hole real estate market includes:

  • The least expensive full ownership property in Teton County is a Teton Village studio with one bath and 464 square feet. This is a bank-owned property.
  • Half (11) of the properties on this list include two bedrooms. The least-expensive of these is a 741-square-foot unit on Scott Lane.  This is a short sale.
  • The largest property listed under $300,000 is a 2-bed, 1-bath Meadowbrook condo with 865 square feet priced at $299,000.
  • A 1-bed, 1-bath, 590-square-foot unit in the High Teton Condominiums (East Jackson on Hansen Street) was listed 8 days ago for $259,000. In January 2009, an identical unit was listed for $318,000 and sold for $303,000. There is a second similar unit listed at $299,500.
  • Three of these units are listed as short sales and two are bank-owned.
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