‘Summer’ selling season still going strong

glory field

It’s another one of those times of the year here at Teton Realty Today – too busy lately doing ground level research to regularly provide the market overviews that characterize this site. This is a good thing! Helping people reach their real estate goals is the culmination of a discussion that often began many months […]

Not quite ski-in, ski-out Jackson Hole condos driving resurgence

Berry Patch condos in the Aspens are now listed below $300,000 after selling for more than $500,000 in 2007. These 1-bed units built in the 1970s offer a lower-priced opportunity to own ski property.

Currently there are 37 condos listed below $1 million in the Aspens/Racquet Club and Teton Village, with 20 listed below $500,000. While there are another 26 Jackson Hole condos listed above $1 million to nearly $4 million, the lower half of the market has driven the resurgence of ski properties in the last several quarters. […]

Neighborhood focus: Melody Ranch humming right along

Melody Ranch is one of Jackson Hole's most vibrant neighborhoods for several reasons, including Teton views, significant open space and newer construction.

For a model of consistency prior to and after the beginning of the current recession in September 2008, Melody Ranch is hard to beat. A September 13 closing on a 4-bed, 2,320-square-foot home listed at $729,000 was the 14th in the last 12 months. During the previous 12 months, from October 2009 to October 2010, […]

June sales signal strong summer

Summer is off and running in Jackson Hole with a strong start to the busiest season for real estate and fabulous weather.

June was yet another solid month for real estate sales in Jackson Hole, with 20 residential closings reported for a total sales volume of approximately $23 million. Additionally, there were six building site sales reported to Teton County Multiple Listing Service for approximately $11 million in volume. Leading the way was the sale of Ranch […]

Q3 report for Jackson Hole real estate: YTD volume mirrors 2003

This graph clearly illustrates the dramatic dip in 2009 and the measured comeback of unit sales and dollar volume in 2010 for real estate sales in Jackson Hole. Click to enlarge.

Looking at monthly real estate sales in Jackson Hole can be misleading due to the relatively small sample sizes, especially when it comes to statistics like average sales price and months of inventory. For example, Teton County recorded an average sales price of $2.112 million in September, a rise of 258 percent from the September […]

June sales hit 21 in Teton County

Teton County sales in June 2010 averaged $1.4 million for 21 units sold. Coincidentally, $1.4 million is also the average sales price for the 120 sales year to date.

Three sales reported in the last two days of June helped push total unit sales to 21 and sales volume for the month to $29.9 million. These included 14 residences, five building sites and two commercial transactions. The good news is that June sales in 2010 exceeded June 2009 by five sales and more than […]

How low can Jackson’s low end go?

Prices at the low end of the Jackson Hole real estate market have begun falling to levels commensurate with losses already seen at the mid and upper levels.

Just one year ago there were but a handful of full ownership properties listed for sale in the Teton County Multiple Listing Service for less than $300,000. A quick search today finds there are now 26 such properties. Some of the highlights of these listings include: The least expensive is a 2-bed, 1-bath, 800-square-foot unit […]

Melody Ranch in motion

Melody Ranch is about three miles south of Jackson.

The least expensive free-market home in Melody Ranch went under contract over the weekend after 448 days on the market. Originally listed at $1,075,000, this 4-bed, 2.5-bath, 2,137-square-foot home on .35 acres was listed for $835,000, a discount of at least 22.7 percent. For perspective, this home closed for $570,000 in September 2002. This continues […]

October was best month of the year

Snapshot 2009-11-15 12-33-02

Recently reported statistics from October show the month was the best of the year for Teton County real estate, with 29 units sold through the Multiple Listing Service for $37.27 million. Only March and July of this year also saw sales higher than $16 million, with each recording sales of approximately $33 million. On the […]