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Friday, March 23, 2012
Turning the corner
Here is an article from Money/cnn.com on the continuing rebound of the housing market.
Another article on the benefits of buying versus renting. It doesn't really pertain to the Jackson market, but it’s interesting nonetheless
And another from Fortune Magazine which says despite prices staying stagnate, the housing market has in fact turned the corner.
I had the very good fortune to spend 7 days in Verbier, Switzerland earlier this month. Having never skied in Europe before, to say I was blown away is a huge understatement. The terrain is unbelievable and it seems to go on forever. Jackson Hole is a very big mountain, but the Alps are a whole different program. Here are a few pictures. (The first one was taken at 5 PM, the last run of the day and we had 2000′ of steep, untracked, boot top powder!)
I would also be remiss if I didn't mention Jack Shaw and Susanna Magruder of Epic Europe who organized our trip and did an outstanding job with lodging (perfect), guides (the very best), restaurants(awesome) and just about everything else. If you're thinking of going to Verbier or anywhere else in Europe, you need to contact them- epiceurope.com or find them on Facebook. Having someone on the ground before we got there was invaluable!
22 Properties have gone Under Contract since March 1. Among them:
3br/3ba at the Four Seasons, 2250 sq. ft., Listed for $2,295,000
5br/5ba in Wilson, older home, 6.5 acres, 6000 sq. ft, Listed for $2,295,000 (Orig. $3,995,000)
4br/4ba Granite Ridge Townhouse, right on the slope, 4000 sq. ft, Listed for $3,495,000
3br/2ba 2250 sq. ft house in Cottonwood, .17 acres, built in 1993 Listed for $580,000.
1br/1ba at the Aspens, 750 sq. ft. end unit in the Berry Patch, listed for $280,000
There have been 21 Closings so far in March. Here is a sampling:
2br/1ba 950 sq. ft in Cottonwood, .25 acres, 1 car garage, listed for $399,000, CLOSED $345,000
3br/3ba 2800 sq. ft house in East Jackson, great views, good shape, quiet street, 2 car garage, .17 acres, Originally listed for $1,475,000 in May 2009, reduced to $859,000, CLOSED $725,000
4br/4ba House in Teton Village (old section) 3000 sq. ft, .9 acres, pretty good shape, Listed for $2,495,000 CLOSED $2,110,000
5br/6ba 8000 sq. ft house off of the Village Rd, 7 acres on the pond, spectacular views, access to the Snake River, very nice house. Originally Listed for $9,800,000, reduced to $7,800,000, CLOSED for $7,500,000
There are still 16 days left at the JHMR and we've got plenty of snow (18″ Monday and Tuesday!) Get out and enjoy it! Mandatory Air is playing outside on Saturday as well! Always a good time.
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