buyers market: A Slowdown is Not a Letdown
- 09/10/08 03:10 AM
While the Jackson Hole market has experienced a slow down, it is nowhere near the dire straits being touted in the media. A California-based research company recently reported that the median home price in Teton County had dropped 9% in the last fiscal year. While the lower end market has experienced a slight dip in home values, the higher end Jackson market has actually increased 2% (from $1.175 million in July 2007 to $1.2 million as of July 1, 2008). Since the Jackson Hole market has consistently experienced approximately 20% increases every year for the last few years, a slow down or (0 comments)
buyers market: It's a Buyer's Market
- 07/30/08 02:50 AM
What is the silver lining in the Jackson real estate cloud? It's a buyer's market. The rocketing prices of houses on the market of the past are starting to come back to earth a bit, with sellers realizing that they can't sell an overpriced home. This housing cooldown should actually be considered more of a market correction. Even through this sluggish market, Real Estate of Jackson Hole has enjoyed record listings with their share of the market on the rise. Those houses listed under $1 million are affected the most. However, the median price for a home in Jackson has increased 2% (1 comments)