March and April of 2012 have started with a bang! Major “transactions” have been taking place in Jackson Hole these past few months and we are really getting excited about the upcoming summer. Since March 1st we have had 47 closings with 15 of those over $1 million dollars! Half of those have been over $2 million and of those there have been 4 transactions over $6 million.
The action is not stopping either. There are currently 12 under contract over $1 million dollars. The biggest surprise has to be the vacant land buyers on the high end. Since April 20th, 7 parcels have either sold or are under contract that were priced over $1 million. On the high end side 2 parcels closed north of town in the Bar BC Ranch neighborhood that had listing prices of $6.5 and $8.9 million. 2 more properties just went “under contract” in the past week that are priced at $5 and $6.5 million?
Another observation is even though Teton Village and the Jackson Hole Mountain Resort have closed for the ski season properties at the village have really been selling. A Granite Ridge Lodge, an older Teton Village home and a Four Season Resort property have all sold. There is one Older Teton Village home under contract and 2 vacant land parcels in the Granite Ridge Subdivision.
This is great news for the Jackson Hole Real Estate Market. As more information is gathered about these transactions we will post it. If you need additional information on the Jackson Hole market please feel free to call us at 307-413-5243 or email us at firstname.lastname@example.org.