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Nice blog post, but what about today’s Jackson Hole real estate news?

March 6, 2012 By Leave a Comment

Twitter is a powerful communication tool that allows me to provide daily market updates quickly and concisely. Handle: "@tetonrealtytoda" with no "y".

It’s on Twitter. And Facebook. Or, if we’ve already started a conversation about your Jackson Hole real estate goals, it’s in your email inbox.

This Web site remains a great place to read about monthly sales figures, market trends and see great pictures of Jackson Hole. Reading through the more than 100 stories from the last three years is like getting in a time machine set for the beginning of the recession. Unlike other Realtors and brokerages, Teton Realty Today always gives it to you straight, never blowing unwarranted sunshine or spinning the facts.

My Facebook page at "Teton Realty Today" is another great platform for daily Jackson Hole real estate updates, pictures and links to pertinent market information.

What you won’t find here, however, is the day-to-day market activity I report on Twitter and Facebook. On Twitter, @TetonRealtyToda (no “y”) has offered more than 500 market updates, the vast majority with links to current Multiple Listing Service pages. My Teton Realty Today Facebook page has many of the same links as well as fantastic pictures of Jackson Hole real estate, wildlife, activities and more. And unlike more recent imitators, the daily market observations at Teton Realty Today are clear, concise, consistent and contextual because they are an example of the work I am doing day in and day out for actual clients and customers.

For example, check out these daily updates posted in the last month.

  • Teton Village finally gets on the board (almost) in 2012 with a pending unit in Hotel Terra. Bank-owned, 3-bed, 1449-sq-ft unit listed for $999,000. Sold price will be of significant interest when/if reported. (Facebook)
  • Total of 11 #jacksonhole real estate price cuts since Feb. 1, all above $1M list price. Tells me low end has hit bottom. (Twitter)
  • Prelim Feb sales for #jacksonhole show 18 SOLD for $13.2m. Strangely, still no 2012 Teton Village sales. (Twitter)
  • Commercial property at corner of Millward and Broadway under contract. Will be interesting to see what happens with this highly visible downtown property that is the current home of The Boardroom snowboard shop (and right across from the JH Sotheby’s main office). (Facebook)
  • Link is to seven intriguing new listings today, including five below $500,000. Even more interesting on today’s Hotsheet are the five closings in Jackson Hole and what they say about the direction of the market in these segments. (Facebook)
  • Stalled Miller Park project back in gear with 2 more 1-bed pendings and new listing of luxury penthouse at $1.45m. (Twitter)

Are you still here? : )

Filed Under: Hotsheet Highlights, Jackson Hole News, Market statistics Tagged With: , , , ,

September sales: Points, Trends and Patterns

September 20, 2011 By Leave a Comment

Condo sales have been driving the Jackson Hole real estate market in 2011. This slopeside unit at Four Seasons in Jackson Hole, however, is still on the market.

It’s been said that one is a point, two is a trend and three is a pattern.

Point: September real estate sales in Jackson Hole are on pace for 30 units and about $25 million in sales, with 19 reported as of September 19.

Trend: Sales in July and August were similar, with 48 sales for approximately $48 million. Third quarter 2011 is on pace for approximately 80 sales and about $75 million in sales, which will essentially be flat in year-over year unit sales and reflect a significant drop in average sales price. The ASP drop, however, will be due mainly to several large sales in September 2010, which boosted the monthly sales volume to $110 million.

Pattern: Through the first two quarters of 2011, unit sales rose 28 percent to 150 while sales volume rose only slightly to approximately $165 million. In general, first quarter 2011 was very strong, with a 57 percent increase year over year in units and second quarter was lackluster, with only a 7 percent bump.

On my Facebook page for Teton Realty Today and my Twitter feed, the focus is on the latest price reductions, under contracts and closed listings. However, it has also been said that to know where you are going it is important to know where you’ve been. And in Jackson Hole, even the busiest years average less than two sales, or “points,” per day.

I am fortunate to be able to augment my personal research and daily market information with some powerful, deep research provided by my brokerage, Jackson Hole Sotheby’s. Though we are fast approaching the end of the third quarter of 2011, a recently released report on real estate sales in Jackson Hole through July offers additional observations on the underlying market currents.

This graph compares the first six months of 2011 with previous years' sales in Jackson Hole.

Highlights of the 29-page, fact-filled and graph-a-riffic, PowerPoint presentation, which I can provide directly to you upon request at tetonrealtytoday@gmail.com, include:

  • Average sales price declined 9 percent during the first six months of 2011 year over year, and in five of the six months, reflecting a trend toward lower end condos and single-family homes.
  • The area north of Jackson (near the Jackson Hole Airport) reported a 48 percent increase in unit sales and a 53 percent increase in volume year over year during the first six months of 2011, the strongest corner of Teton County.
  • Teton Village showed a 81 percent increase in unit sales but just 6 percent in sales volume. Again, condo sales, particularly low-end condos, have been driving the market with 50 percent of all residential sales during the first two quarters of 2011.
  • Days on market during the first six months of 2011 is up 38 percent on residential properties to 280 (240 for condos, 321 for single-family homes).

Please contact me for a personalized look at the Jackson Hole real estate market.

Filed Under: Hotsheet Highlights, Market statistics Tagged With: , , , , ,

What I said on Facebook

June 26, 2011 By Leave a Comment

Those who "like" Teton Realty Today on Facebook are treated regularly to pictures on new and/or interesting listings, links to daily market activity and an ongoing discussion of Jackson Hole real estate. This home on 20 acres is located in Hoback Ranches in Bondurant, WY.

The irony of this web site is that the busier the day-to-day activity in the Jackson Hole real estate market, the fewer in-depth posts I have time to write. June has been extremely active for me, hence only one post before this one, but coming soon are close looks at June sales, the first half of 2011 and 35-acre building sites in Teton County.

However, I almost always find time daily to pass along a quick look at Teton realty on Facebook and Twitter.  In the past few weeks I provided several Jackson Hole photos, numerous links to properties Teton County Multiple Listing Service and a forum for discussion of these items of interest.

Facebook status updates since June 20 included:

  • “This is the home in Hoback Ranches I previewed on Wednesday. Summer is finally here and this is one bee-yu-tiful part of Wyoming.”
  • “Took the photos for this new listing in Creekside in West Jackson that will be coming to market. Snow King views!”

    The back deck and Snow King views from a Creekside unit coming to market.

  • “It’s another Dutch Auction! Price will be lowered $5,000 a week until it sells. $1.025 million today. Where should we meet them with your offer for this sweet downtown Wilson pad?”
  • “Wanna live in a Berry Patch? New listing in this highly desirable corner of The Aspens. Is it priced well? What are the recent sales on these units? Glad to offer my informed opinion, with comps, on such questions.”
  • ”Buyers are buying … four pendings today in MLS, several solid sales also reported. What market segment are you following closely?
  • “In case you missed this post earlier this month on the still falling low end of the Jackson Hole real estate market.”
  • “Just the latest in our ongoing series, ‘What do you get for $300,000 in this town?’”
  • “Currently at Bar BC Ranch, kicking off the season for the sales office here. Will be an agent on duty all summer from 2-6 pm, though a tour can be arranged for whatever time works best for you.”
  • “Building site right on Fish Creek in Shooting Star now $3.895 million. Several new starts this spring in this relatively new Teton Village subdivision, which will eventually be one of Jackson Hole’s premier neighborhoods.”
  • “Some serious Jackson Hole eye candy! The Jackson Hole summer catalog of properties digital version is now available. Enjoy!”

So thank you for visiting Teton Realty Today the Web site regularly, but please also “Like” the TRT FB page to get a daily dose of hyperlocal real estate news and to join the discussion. When you are ready to buy or sell, contact me for a much more  in-depth, personalized look at Jackson Hole real estate.

Filed Under: Jackson Hole News, Uncategorized Tagged With: , ,

The Teton Realty Today family

January 4, 2011 By Leave a Comment

A view of the Tetons from south of Jackson. Significant snowfall in December meant great skiing at Jackson Hole Mountain Resort and the local backcountry. In 2011, keeping track of significant Jackson Hole real estate news via Teton Realty Today on Facebook, TetonRealtyToda on Twitter and TetonRealtyToday.com will mean more informed buyers and sellers.

When it comes to making the most important decisions in our lives it is critical to have all pertinent information available as soon as possible. Yesterday if possible, but if not today.

Buying or selling a home certainly qualifies as one of the bigger decisions we make. It’s my opinion that the more information about the Jackson Hole real estate market I can assimilate, distill and distribute to my clients, the more nimble they will be when the time comes to enter the market.

But you may have noticed the posts here at TetonRealtyToday.com are hardly daily, and often more than a week between. Casual readers may ask, what is going on today?

I also publish real estate news about Jackson Hole and Teton County on a more day-to-day basis on Facebook and on Twitter. These mediums are more suited to links from the Daily Hotsheet, which I do review on a daily basis. It’s here I discuss price reductions, key sales, new listings, pending sales, links from other publications and more. Check the links to see more than a year of updates.

This Web site has become a place for longer pieces that take a broader look at regional sales and trends. A common topic is monthly and quarterly sales using the significant amount of market research available to me via my brokerage, Jackson Hole Sotheby’s.

The absolute best way to receive the latest on Jackson Hole real estate is to contact me for a personalized look at the market. Drop me a note at TetonRealtyToday@gmail.com for an initial consultation. Clients then receive regular updates on the properties and market segments important to them via email, phone contact and personal meetings, which include real estate showings and tours.

Filed Under: Jackson Hole News, Jackson Hole scenic Tagged With: , , , , ,