The summer selling season is here; as new listings (and asking prices) increase

The Colbert Real Estate Report Monthly Market Update for July 2017 Jackson Hole, WY What’s new in June 2017? (New Listing Analysis) 104 :: Total New Listings in June New Listing Volume: $252,992,000 Average List Price: $2,433,000 79 :: New Residential Properties (single family, townhome, condo) Average List Price: $2,439,000 Median List Price: $1,250,000 New listings priced under $1 million :: 35  (44%) New listings already under contract or sold: 19  (24%) 25...
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Lack of inventory results in high demand on entry/mid level real estate

The Colbert Real Estate Report Monthly Market Update for July 2017 Jackson Hole, WY Summary – June 2017: 44 :: Total residential sale transactions $44,442,000 :: Total residential sales volume  $965,000::  Average sales price  $733,000 :: Median sales price 95% ::  Ratio of sales price to list price  170 ::  Average days on market prior to selling  What it means:  While sales transactions and dollar volume both increased from May to June...
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New Listing: Building Site in Rafter J

Quick Stats: One of only 4 remaining vacant lots in Rafter J Located in newly built King Eider subdivision Flat 0.13 acre building site with mountain views Backs up to open space Access to community water and Town sewer Rarely available vacant lot in King Eider / Rafter J With only 4 vacant lots in the entire Rafter J subdivision, you don’t want to miss the opportunity to build your new home in this highly desirable neighborhood. Located in the northwest corne...
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New Listing :: 2 bed / 2 bath townhome with over-sized 1 car garage

Quick Stats: 1,010 sq foot, 2 bed / 2 bath townhome with oversized one-car garage Front deck overlooking Flat Creek; back patio adjacent to open space Great location close to town and easy access to Grand Teton National Park Immaculately maintained and move in ready Convenient 2 bed / 2 bath townhome in Town of Jackson Enjoy easy living in this clean and immaculately maintained 2 bed / 2 bath townhome located in the Town of Jackson. Sip morning coffee on the front p...
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May 2017 is busy for new listings, but still lags 2016

The Colbert Real Estate Report Monthly Market Update for June 2017 Jackson Hole, WY What’s new in May 2017? (New Listing Analysis) 86 :: Total New Listings in May New Listing Volume: $190,260,000 Average List Price: $2,212,000 62 :: New Residential Properties (single family, townhome, condo) Average List Price: $2,426,000 Median List Price: $1,172,000 New listings priced under $1 million :: 28  (45%) New listings already under contract or sold: 17  (27%) 24 ::...
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Wilson Remodel: New Kitchen!

WILSON REMODEL: My husband Chris and I purchased an older fixer upper home in Jackson Hole, WY last summer. We (mostly Chris!) have been hard at work remodeling it. Below are some photos as we finish up the kitchen, dining room and trim.  For previous posts and to see all before/after photos, please visit our Wilson Remodel Blog.  _________________________________________________________________ The Kitchen is Done! (and so is the trim) Chris first ripped out the origin...
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High demand for “entry-level” properties, with 25 sales under $1 million

The Colbert Real Estate Report Monthly Market Update for June 2017 Jackson Hole, WY Summary – May 2017: 38 :: Total residential sale transactions (up after 4 slow months) $32,560,000 :: Total residential sales volume (lower than usual) $924,000::  Average sales price $637,500 :: Median sales price 97% ::  Ratio of sales price to list price (spike from last month) 216 ::  Average days on market prior to selling (down again from last month) What it means: &nb...
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Lowest Inventory in 30+ Years: Q1 Update from The Jackson Hole Report

While the number of sales and dollar volume in the first quarter of 2017 were up compared to this time last year, Spring 2017 marks the lowest level of available inventory in the past 30+ years with only 312 total residential listings available for sale in Teton County. Three main factors contribute to this drastic decrease in supply: 1) Lack of affordable inventory in the entry level - the median condo sales price is now $689,000 (vs. $427,000 in 2007); 2) Limited "trading up" by loca...
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Entry level sales still low, most townhome sales now over $500,000 mark

The Colbert Real Estate Report Monthly Market Update for May 2017 Jackson Hole, WY What Sold in April 2017? 46% :: Percentage of residential properties selling for over $1 million (down after high last month) 54% :: Percentage of residential properties selling for under $1 million  15% :: Percentage of residential properties selling for under $500,000 (slight increase from last month) 46% :: Percentage of single family home sales (down 10% from last mon...
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New Listings steadily increase, still lag previous years

The Colbert Real Estate Report Monthly Market Update for May 2017 Jackson Hole, WY What’s new in April 2017? (New Listing Analysis) 50 :: Total New Listings New Listing Volume: $125,588,000 Average List Price: $2,511,000 32 :: New Residential Properties (single family, townhome, condo) Average List Price: $1,981,000 New listings priced under $1 million :: 17  (53%) New listings already under contract or sold: 7  (22%) 18 :: New Building Sites Average Li...
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