This winter has seen plenty of snow, and now that January sales figures are sliding into view, it appears real estate sales are also up.
Of the 19 sales thus far in January in Jackson Hole, 13 have been for Jackson Hole properties closed below $1 million. However, average sales price remained well above this benchmark at $1.29 million thanks to four properties closing at or above $3 million.
Though premature, with a day remaining in January and sales for the month often reported several days later, a look at January 2011 sales already reveals an uptick in monthly unit sales from 10 in 2010 to 19 and an increase of 14 percent in sales volume to approximately $24.674 million, according to Teton County Multiple Listing Service.
Other highlights from a look at closed and pending listings in Jackson Hole in January include:
- The month’s biggest ticket, a 5,026-square-foot home on more than 15 acres of horse property in South Park was not reported. Final list price was $3.95 million, down from $6.5 million in 2008, and was used in full to reach figures above.
- The least-expensive property to sell was a Brookside condo that was listed for $255,000 after 71 days on market.
- A bank-owned Love Ridge unit on the market for just 21 days closed for a number more than 50 percent off the height of this market.
- The only building site to close was a 3-acre lot in Fairway Estates near Jackson Hole Golf&Tennis. Listed for $899,000 after 462 days on market.
- Encouragingly, of the 24 pending properties in Teton County, 10 of them are under $500,000. The high end will also see some strong closings in the coming weeks, with six sales pending between list prices of $1.995 million and $6.9 million.
Want the actual sales price for these units? Interested in the context of these sales in their respective neighborhoods and the overall Jackson Hole market? Email me at TetonRealtyToday@gmail.com for a personalized market summary.
