Best deals on the market–
Sotheby’s just listed a 2,900 sqft home on 3.8 acres south of Jackson for $800K. That sounds interesting, although historically Hoback Junction is the slowest part of the market.
We are listing a home on Broadway for $575K, 1300 sqft, small lot, but possibility of development in the future comp plan. I don’t think I have seen east jackson in the mid-500s for over 3 years.
Aspens units—a friend just sold her home and is investing in a unit in the low 300s. Not a bad deal as the prices of these units have dropped almost 50 percent. The least I have seen someone pay is $285K as a short sale.
Prices seem to be all over the place but starting to settle down. Our market is returning to healthy fundamentals, cap rates, sustainable rents, and better long-term business plans.