Jackson Hole boasts low percentage of distressed listings.

The numbers speak for themselves: Jackson Hole has 12% less listings on the market than it did this time last year.  According to MLS data, approximately 5.5% of the active listings are distressed (short or bank-owned).  Of the quantity in sales for Jackson Hole in 2010 (YTD), only an approximate 13% have been classified as distressed. There were no new foreclosures on the Teton County foreclosure list this past week.

Assessed value/real property taxes and how to dispute questionable assessments.

Teton County Assessed Values & Real Property Taxes:

According to a recent article in the JH Daily, the assessed value of our real estate should decline by an approximate 11% from 2009. I know many whose ‘estimated property taxes’ changed very little.  Therefore, it’s wise to please pay attention to your 2010 assessment notice that should have arrived recently on yellow paper.

Any resident may dispute their 2010 assessment by calling the Assessor at 733.4960, or paying a personal visit to their office on Willow St.

It would help the cause if you have real comparable sales (3+) to defend your position. The month of August will be when you receive your 2010 Tax Bill from the Teton County Treasurer requesting partial payment for November 2010, or full payment for the end of the calendar year.

Bank-owned investment opportunity. Priced 41% less than last sale in Snow King Estates.

Looking for REO or Bank-Owned Property investment opportunities?  There’s a bank-owned property coming on the market very soon in the Snow King Estates community within the Town of Jackson.  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.

John Dodge & HHR Ranch carry majority of positive sales trend.

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.

Fourth quarter transactions continue positive sales streak.

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.