Jackson Hole

Jackson Hole Wyoming 3rd Quarter 2011 Marketing Report

Affordably priced inventory is rapidly disappearing, at least in the single-family and condo/townhome segments of our market. Just three years ago, the idea of purchasing a single-family home in Jackson Hole for under $500,000, or a condo/townhome for under $300,000, was just a fleeting dream. Today, not only can this dream become a reality, but you also have multiple choices, and loan interest rates are at historic lows. Do not expect this to last much longer, though.Based on the current level of sales activity versus active listings, the opportunity to purchase an affordable home or condo/townhome in these price ranges will soon disappear.

Jackson Hole Real Estate Numbers Provide Mixed Picture

As Jackson Hole real estate people review the first half of 2012, they see positive signs but are also cautious because the small number of sales makes statistical trend-spotting chancy.

In a recent blog entry, Victor Raymond, of Sotheby’s International Realty, focused on Multiple Listing Service reports that show sales up in May and June compared to 2011. At Jackson Hole Appraisals, Andy Cornish said in an interview his preliminary figures for the first half of the year show sales close to stagnant, or up slightly compared to the first half of 2011, but prices down.

Second-quarter MLS numbers showed unit sales up 25 percent compared to 2011, Raymond wrote. Average sales prices for the three months rose close to 9 percent compared to the same period last year, increasing from $1.1 million to $1.2 million.

Increased sales are good, Cornish said, but that’s not the whole story. Click here to read the entire article.