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Valentine’s Day closings boost Teton Village sales

By   /  February 16, 2011  /  No Comments

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Sales at the base of Jackson Hole Mountain Resort in Teton Village have soared this winter compared to recent years. Since Dec. 1, 2010 there have been eight unit sales for approximately $18.4 million.

Valentine’s Day closings on two Teton Village condominiums helped sustain a recent surge of activity in this coveted corner of Jackson Hole.

The sales in Teton Mountain Lodge and Crystal Springs represented about $2.5 million of the approximately $18.4 million in sales volume in Teton Village since Dec. 1, 2010. Additionally, there are currently nine pending sales in Teton Village with a total list price of approximately $12.25 million.

A look at the active, pending and closed listings in Teton Village includes the following highlights:

  • The least-expensive sale occurred last week in Snake River Lodge & Spa, when a 554-square-foot, 1-bed condo sold after 360 days on market for 37 percent below original asking price.
  • Two sales of single-family homes accounted for more than $12 million. Average days on market were 540 days with both properties selling for more than 25 percent off original list price.
  • There are 87 active listings in Teton Village, not including fractional ownership properties. Thirty-four of these are listed below $1 million 29 are listed between $1 million and $2 million; 10 are listed between $1 million and $2 million.
  • The most expensive property available is a 23,250-square-foot home designed by Jonathan Foote located just north of the entrance to Jackson Hole Mountain Resort. List price: $29.5 million.
  • The least expensive is a one-bed, 760-square-foot condo built in 1972 for $220,000.
  • Four Seasons in Jackson Hole lists 9 active full-ownership properties and two pending properties.

Contact me for a private, personalized look at properties in Teton Village including a look at trends, recent price reductions, specific market segments and a list of Hot Picks. Even better, let’s discuss it while riding some ski lifts!

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