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Jackson Hole Real Estate Deals 8/15/2009

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.

This entry was posted on Wednesday, February 3rd, 2010 at 12:04 pm and is filed under Jackson Hole Condos, Jackson Hole Realty Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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