Aspens, Jackson Hole Real Estate Condo Market Update
Over the past year, there have been 6 sales of one bedroom condos and 4 sales of two bedroom condos in the Aspens, located near Teton Pines on the Village Road. Of the one bedroom condo sales, the average sales price was $291,000, which equates to a price per square foot of $341. These condos were on the market an average of 134 days before they were sold. The sales rate was one sale every 2 months. The most recent sale was a Foxtail condo on July 15th. It was an end unit and was remodeled.
With the exception of one low bank sale of a very small, older two bedroom condo in the Buckwheat building in the Aspens, the average sales price of two bedroom condos over the past year was $477,000. These condos were on the market an average of 418 days, (significantly more than one bedrooms) before they were sold. The sales rate was one sale every 3 months.
The Aspens allows short term renting, so many investors have been focusing on this area as it is within 5 minutes to Jackson Hole Mountain Resort, 10 minutes from Grand Teton National Park, and minutes away from golf, tennis and swimming at Teton Pines Resort and Country Club.
Inventory is at an all time high, creating opportunities for real estate investors and homebuyers. There are currently 6 active real estate listings for one bedroom condominiums in the Aspens ranging in price from $269,000 – $325,000. The average list price is $310,000. These condos have been on the market for an average of 111 days. There are 7 active real estate listings for two bedroom condominiums in the Aspens starting at $415,000.
Call or email Katie Colbert, Buyer Specialist for The Gillespie Real Estate Team at Jackson Hole Sotheby’s International Realty for a link to the available condos for sale in The Aspens. 307-739-8078 or Katie.Colbert@jhsir.com