7.9.09

Positive pending sales are showing signs of a moving real estate market in Jackson Hole, but inventory continues to climb. We have 85 new listings in June compared to 80 in May and 46 in April. There were 190 vacant sites for sale one month ago and now we have 223 from which to choices. Buyers have Choices! Over the last ten days there have been several significant pending sales. Enjoy the beautiful weather we are having…

6.17.09

Great News in the last few days! A number of listings have been put under contract recently in several geographic regions of the valley: A wonderful home in Wilson Meadows (listed at $1,595,000) just went under contract after several aggressive price reductions. A spectacular home at Spring Creek Ranch (listed at $6,000,000) went under contract in less than one month. A lovely 4Br single family home in Rafter J Ranch (listed at $647,000) went under contract in just a few days after having hit the market.  A home on Saddle Butte (listed for $4,950,00) went under contract after a seller’s price reduction. Between some adjusted list prices and increased consumer confidence (Stock Market perhaps?) there’s some increased activity in Jackson Hole Real Estate market. There are many JH choices and it continues to be a Buyer’s Market especially while interest rates are still as low as they are today.

6.2.09

The month of May has brought more new listings to Jackson Hole. There’s been an uptick in showings/activity with a few more pending sales to come. Overall, the sellers who have been waiting to sell are being successful with recent price reductions. The theme for most buyers today is to look for the right seller and the right ‘deal.’ 

There have been a number of Teton County, WY Foreclosures that have gone to auction; however, eleven have resulted in no sale. Select properties will continue to come down in value as we move forward in 2009. 

Today, there are 188 vacant sites for sale in Jackson Hole and 300 single family homes.

4.15.09

Jackson Hole Real Estate Associates captures 52% (per internal audit of agent transactions) of the market in first 100 days of 2009. Overall volume in 2009 is still significantly down from the same time in 2008. The new locally owned and operated firm is poised for a successful year with a new brochure coming early summer, the most comprehensive database in the industry and the best group of professional agents under one brokerage.

4.1.09

The MLS data shows a consistently slow real estate market in Jackson Hole, but there are many other deals happening outside of the reported database. Buyers with cash are finding great deals and realistic Sellers are able to sell successfully. Please contact me if you’d like an opportunity to learn what’s occurring in this underground market as I am aware of many properties for sale outside of the MLS.

3.4.09

In February, the MLS reported 65 new residential listings in Jackson Hole, 25* that posted as Pending and only 2 whole ownership properties that Closed. *Please note that of the 25 Pending sales; only 2 were new; a single family home in Melody Ranch and a single family home in Lake Creek Ranch. The other 23 were previously pending Terra II condos that were just entered into the system. Apparently, Terra II in Teton Village is scheduled to be delivered on time in July, 2009.