5.12.10

Transaction numbers are remaining healthy in JH compared to the same time period in 2009. Make sure you consider a thorough home inspection during your next purchase:

http://www.facebook.com/?ref=home#!/pages/Jackson-WY/BomberBryancom-Jackson-Hole-Real-Estate/118517271495736?ref=ts

4.29.10

Tomorrow, April 30th, is the last day for the first time home buyers to take advantage of the extended federal tax credit. The first time home buyer must have a property under contract (in escrow) by the end of business tomorrow, and close on this property by the end of June to qualify. Hurry, it can be done!

4.27.10

BomberBryan.com Jackson Hole Real Estate - REO or Bank-Owned Property - There’s a bank-owned property coming on the market very soon. It’s located in Snow King Estates in the Town of Jackson and it’s going to be offered at a 41% discount of the last sale price (April, 2010) in this neighborhood. This will be a great opportunity if you or a friend are shopping around and trying to take advantage of these low residential interest rates.

4.23.10

- Short Sales - Yes, there are many of them occurring around the country and even in Jackson Hole. Short Sales are when an owner/seller owes more to their creditor(s) than the property is worth on the open market. Another way to phrase it; it’s when the net proceeds from a sale do not cover the amount of funds the owner/seller owes to the bank(s) and subordinate lien holders.
There’s one in JH scheduled to close today and it has five liens recorded against the property. All of the liens have been negotiated and will be released at closing, so that the Buyer can hold title the property, free and clear of any monetary encumbrances.

4.9.10

Spring Breakers are still out of town and it’s quietin JH this week. Late season snow storms have provided some of the best skiing of the year in the last ten days. Grand Targhee extended their season to 4/18/10 and the Jackson Hole Mountain Resort is now closed until the 2010-2011 season. New real estate activity has been slight in the last two weeks, but look for new listings and some great bargains in the near future.

3.26.10

There’s been some good activity in Melody Ranch lately. For the past few years there have been between 12 and 18 single family homes on the market at any point in time, and the absorption has been quite healthy in this neighborhood. The most motivated sellers are being successful, as expected.

2.20.10

There are have been some fantastic sales in Jackson Hole in recent weeks. Although the common trend is supporting decreasing real estate values across the board, there have been sales in John Dodge and HHR Ranch that have bucked the trend, giving the Gold Medal and top podium spot to the Seller. With interest rates looking like they are on the rise and the pending reality of Capital Gains taxes increasing, more deals are getting done as 2010 seems to be the best choice to buy and sell.

1.31.10

The Jackson Hole real estate market is tracking for its fourth quarter in a row of increased transaction numbers. 2009 ended up with about 225 total deed transfers in Teton County, WY. It’s likely 2010’s numbers will be considerably higher, indicating great values from the banks and more sellers who are motivated to sell.

1.14.10

Three Quarters in a Row! We have now seen three Q’s in a row where the transactions numbers in Teton County, WY, surpassed the same quarter the previous year. This is a superb harbinger that the JH real estate market is heading in a good direction.  Recently, a lovely home in HHR (listed for $4.995M) went under contract, a Teton Pines Cluster home sold and there are more than usual Buyers circling for the next great deal. REAL ESTATE INTELLIGENCE in Jackson Hole is imperative so make sure you check with me to learn about the best short sale or the seller who’s authorized me to share their motivation with serious prospects.