The Jackson real estate market remains steady and a safe haven amidst national major markets where we've seen decling prices and higher inventories. We rarely see foreclosures in our market and most Teton County Realtors don't even know what a "short sale" is.
Demand remains strong while the wealthy are securing their piece of paradise - and what better place to live than in the "tax friendly" state of Wyoming. Bloomberg Personal Finance Magazine has cited Wyoming as the "tax friendliest state" in the nation.
In the past few months, in Teton County, Wyoming, we've seen some asking price reductions which are always healthy for the market. Inventory is slightly higher than last year at this time and we've seen somewhat fewer sales than the first quarter 2007. Jackson Hole is leaning more towards a buyer's market. While interests rates are still favorable this is a very oppotunitstic time to be buying and selling real estate in Jackson Hole.
What's for sale in Teton County, Wyoming?
ACTIVE Listings
Jackson Active Price Range Median Price
HOMES 115 $575k to $32m $1.67m
LOTS* 107 $485k to $9.5m $1.6m
Wilson
HOMES 36 $775k to $35m $3.2m
LOTS* 16 $1.35m to $6.3m $3.8m
Teton Village
HOMES 5 $2.87 to $15.65m $3.5m
LOTS* 3 $2m to $9.5m $2m
Alta
HOMES 15 $600k to $4m $1.3m
LOTS* 19 $215k to $2.5m $475k
*Vacant lots - up to 40 acres
PENDING Teton County, WY Listings:
15 homes listed under $1m and 30 homes listed at over $1m are currently under contract - two of which are listed over $10m.
8 vacant lots are under contract, ranging in price from $850k to $16m for 72 acres.
Happy trails!
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