Source: Cowboy State Daily —
Real estate prices have more than doubled in Teton County in the past 18 months and properties selling for less than $1 million are increasingly rare in the county’s limited housing inventory, according to a report by a Jackson real estate company.
Prugh Real Estate, in a report on real estate conditions in the first quarter of the year, said of the county’s 39 active residential listings, only two have an asking price of less than $1 million. The next least expensive 13 properties are on the market for from $1 million to $3 million.
The residential property with the highest sale price currently on the market tops the $19 million mark.
In his 20 years of selling, Greg Prugh, broker and owner of Prugh Real Estate, said this is the lowest inventory he’s seen at such high prices.
