You are here:  Home  >  Uncategorized  >  Current Article

Teton Village price reset continues with Timbers foreclosure

By   /  April 15, 2010  /  No Comments

    Print       Email

Jackson Hole Mountain Resort looms over Granite Ridge properties.

It’s listed for $2.45 million today, but word is this bank-owned Granite Ridge Timbers unit with 3 beds, 4 baths and 3,249 square feet will be reduced to $2.2 million in the next few days.

Sure enough, as I write the price has just changed in the Teton County Multiple Listing Service and ownership has been changed to First Interstate Bank.

Noteworthy facts about this listing include:

  • The highest recorded sales price in this eight-unit, three-year-old development is $3.931 million in March 2008. A full-price sale would represent a 46 percent drop from the highest comparable.
  • Of the six currently active listings in the Timbers, the next highest list price is $2.45 million. After that they ramp up quickly to $2.8 million and as high as $3.85 million for a unit with 3,700 square feet, the largest of this inventory.
  • This home has never been lived in nor has it been in the short-term rental pool.

Teton Village, presumably now that ski season is over and sellers perceive there will not be high activity in this area for several months, has seen significant repositioning and activity in recent weeks. A flurry of sales has followed. Contact me for a complete rundown of properties within Four Seasons, Hotel Terra, Teton Mountain Lodge and the Granite Ridge Cabins and a list of those units priced to sell next.

    Print       Email

Leave a Reply

Your email address will not be published. Required fields are marked *


You might also like...

Today’s Star Valley real estate highlights: 12.5.20

Read More →