The real estate market is moving in Jackson Hole in the sub $500K and above $5M price range.  Why?  Inexpensive Jackson Hole condos are hitting the market at prices not seen in 4 years. Investors are looking at getting out, prices are down as much as 40% from their highs.  In the last month, Prugh Real Estate put under contract two condos in the Town of Jackson within 3% of their listing prices of $335-350K.  Both are being remodeled.  A one-bedroom Racquet Club property closed for $350K and another appeared on the market today for $315K. 

Large homes in John Dodge and Fairway Estates are under contract and are listed for $5M.  This movement is not based on financing but owners ready to move on and savvy buyers looking for good deals on newer properties. 

For more information, search our Jackson Hole MLS at Prugh Real Estate 's website prughrealestate.com.