The Jackson Hole real estate market had a flurry of new listings this December in the popular sub-$500,000 segment of the market. Nine new condos and townhomes came on the market ranging from $167,000 $450,000. The sub-$500,000 properties have been in high demand throughout the year and inventory continues to shrink so these new listings are a welcome sight to buyers looking for this product. In fact, one of the listings, a condo north of Jackson on Sagebrush Drive, went under contract after just a few days. Quality properties in this price range have been selling quickly.
One distinctive observation of the nine new listings is they are all condos or townhomes. Finding a single family home in the sub-$500,000 segment is becoming difficult. In fact, there are only 3 options right now, two of which are under contract.
Among the nine new listings in December is a 2 bedroom condo in an industrial area south of the Town of Jackson with an employee deed restriction. This deed restriction allows this unit to be extremely affordable, listed at $167,000. Contact us for more information on what the deed restriction entails. Six of the listings are condos within the Town of Jackson, one is a townhome north of Jackson near the Jackson Hole Airport, and one is a 1/7th fractional interest in a Four Seasons unit.
The sub-$500,000 real estate market in Jackson Hole is one of the most competitive and fastest moving segments of the market. If you are considering purchasing in this segment of the market, now is most definitely the time as the units available now will most likely become more expensive in the upcoming year.
Contact us anytime for a full list of properties available.