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Today’s Jackson Hole Need to Know: 12.28.15

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Last week's big snowfalls and this week's blue skies combined for perfect skiing conditions on Teton Pass on Saturday.

Last week’s big snowfalls and this weekend’s blue skies combined for perfect skiing conditions on Teton Pass on Saturday.

Jackson Hole real estate activity:

  • NEW: Teton Mountain Lodge 2-bed, 1,286-square-foot condo with valley views, list $1.2 million.
  • PENDING: Town of Jackson Miller Park 1-bed, 530-square-foot loft after 141 days on market, list $385,000.
  • PRICE REDUCED: Hotel Terra 2-bed condo after 676 days on market, was $849,000 now $799,000. Let me know if you want to see the rental figures and other key info for this unit.
  • PRICE REDUCED: Town of Jackson 3-bed, nearly 2,000-square-foot home built in 1936 on a quarter-acre lot zoned AR, was $1.25 million now $1.1  million after 333 days on market.
  • T.R. Pierce at Bank of Jackson Hole says interest rates “are unchanged this morning as investors begin the last week of the trading week cautiously.  Stocks are down after a drop in Chinese industrial profits dragged down emerging markets and weighed on commodities prices.” BOJH offers a 30-year fixed-rate conforming mortgage at 3.9 percent.
  • Meanwhile, Jeff Collins over at First Interstate Bank predicts “Volatility Ahead” as “The Federal Reserve succeeded in nudging up the Fed Fund rate up from near zero in its first interest-rate increase since 2006.”

Jackson Hole and Wyoming links:

Do you have questions about Today’s Real Estate Facts or the broader market? Would you like a link to one of the properties mentioned, or a weekly email with recent listing activity for your target market segment? I am an Associate Broker with Jackson Hole Sotheby’s International Realty. Contact me today for a personalized look at properties in Teton, Lincoln and Sublette counties in Wyoming.

“This is for informational purposes only and is not a solicitation for business. If you are currently working with a Realtor, contact them for additional information.”

 

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