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Teton Village where the action is this week

By   /  February 4, 2010  /  No Comments

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Teton Village properties dominated the daily real estate activity reports this week. There were two significant sales in Four Seasons, key condominium price reductions and several new listings, not including the slopeside condo that offered this view of Rendezvous Peak on Saturday which should hit the market next week!

Teton Village properties dominated the daily real estate activity reports this week. There were two significant sales in Four Seasons, key condominium price reductions and several new listings, not including the slopeside condo that offered this view of Rendezvous Peak on Saturday which should hit the market next week!

Highlighted by two sales in Four Seasons, this week’s Hotsheet has been all about Teton Village real estate. (Jackson Hole Mountain Resort has also been a very vibrant scene lately after receiving more than six feet of snow in the last week as this video makes abundantly clear!)

In addition to the two closed listings found during a search of Teton County Multiple Listing Service activity since Monday, Teton Village properties have seen five price reductions and four new listings with list prices totaling $5.147 million.

The Four Seasons activity represents a significant resetting of prices for the two main products in this premier property first offered for sale in 2005. Please contact me for a complete sales history of Four Seasons and the context of these two sales, but here are the basics:

  • A 2-bed, 3-bath, 1,720-square-foot private furnished residence on the valley side sold for $1.25 million after 264 days on the market, a discount of 39 percent from original list price. That is 726 per square foot.
  • A 3-bed, 3-bath, 2,240-square-foot private residence on the valley side sold for $2.3 million after 393 days on the market, a discount of 32 percent from original list. That is 1,026 per square foot.

The most notable price reductions included:

  • A 5-bed, 7-bath, 6,250-square-foot home in Granite Ridge right next to the ski slope is now $7.25 million, down from $8.25 million after 157 days on market.
  • A 2-bed, 3-bath, 1,137-square-foot lock-off condo in Hotel Terra is now $995,000, down from $1.175 million after 149 days on market. That is 875 per square foot.

On Monday I mentioned one of this week’s new Teton Village listings. Contact me for the full list or a complete Teton Village inventory.

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