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Jackson Hole Real Estate Deals

Posted 08/15/2009 | Comment on this Post

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. 

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