Finally, we are seeing an easing of prices here in Jackson Hole. After multiple years of double digit appreciation we are seeing a rise in inventory and multiple price reductions. What is happening? Short answer: Reality has set in. People have been asking prices based on speculative 20% increases from the prior year and also basing prices of sold properties in cases where the buyers paid to much.

It is great to see us heading towards a buyers market again. This is not entirely bad news for sellers if they are asking a reasonable price for the property they own. If a seller has owned a property for more than two years they should be able to sell the property and make a good profit and offer a good opportunity for the buyer.

Jackson Hole real estate should always be a good investment in the long term. Why? because it is very limited in supply and it is a very unique place. I have traveled all over tthe world and have seen many beautiful places and Jackson Hole stands high amongst the best of the best. When you add the wildlife, cultural atributes, water supply, tax structure and quality of the schools together it becomes very hard to compare to anywhere on a global scale.

If you would like more info or access to my detailed market analysis please email or call me.

Cheers and live well,

Rick Armstrong www.realestatejackson.com and www.rarejh.com

and www.rarejacksonholerealestate.com