Two significant price reductions over the weekend highlight today’s Teton County Multiple Listing Service Hotsheet.
A 2-bed, 1-bath, 865-square-foot Meadowbrook condo is now a short sale listed at $219,500, down from $359,500 after 410 days on the market. That is $253 per square foot. At this price, the monthly payment on a 30-year mortgage is comparable to what these units rent for.
In Teton Village, a forested 0.73-acre building site in “old” Teton Village is now $1.225 million, down from $2.395 million after 888 days on the market.
Contact me for a detailed analysis of Town of Jackson condo sales over the last five years or a closer look at active and recently sold Jackson Hole building sites.