By Ronald Miller/ Broker Jackson Hole Real Estate Company, LLC
As we enter into the final month of the 3rd quarter and Jackson Hole Markets we are seeing quite a flurry of activity in all sectors of the Jackson Hole real estate market. It has been easier for the Realtors this year with more inventory coming on the market to show buyers. The market is still tight for good short term rental condominiums in Teton Village. Moose Creek Townhomes have leveled off at or below 3mm price point now as buyers are refusing to pay more. This too is a correction in the market and will be a new trend as prices get too high and buyers say NO.
In the higher end market we have seen about a dozen high end properties sell and go into escrow as of late. This is quite normal in the 3rd quarter and our team has 12mm in escrow at this time. Prices over 5mm is where most of the listing inventory seems to be coming on strong as sellers try to reach new heights in sales prices. Only the attractive properties sell in these price ranges. Modern design still seems to be moving faster than traditional homes and log lodges.
Teton Pines has finally seen increased sales activity which I predicted as it is a great location and a bit undervalued compared to other exclusive West Bank properties for sale. Spring Creek Resort is also seeing sales after a slow start this past year. As a member of Teton Pines I am bias for sure as it is a great community of folks and a great place to reside or own a second home. It is close to both town and Teton Village.
Let us know how we can update you on any specific properties you are looking at on our jacksonholerr.com website. We have a great feature whereby you can receive very specific information in a text or e-mail on all new listings by the neighborhood and price range you are seeking.