1. Rising Average Sales Prices
It’s the time to buy and the market is strong! Average sale prices increased 43% in Q1 2015 vs. Q1 2014. This increase applies to all property types: single family, condominiums and land.
2. Increase in Total Sales Volume
Total sales volume increased 36% Q1 2015 versus Q1 2014. Condominiums saw the highest increase in sales volume during this time period.
3. Trending Low Inventory
Real estate inventory in Jackson Hole is at its lowest level since 1990. Don’t miss your chance!
4. Increased Confidence Amongst Buyers
With average sale prices and sales volume on the rise, consumer confidence is increasing, thus propelling the real estate market forward.
No other Rocky Mountain community has the same amount of protected lands. Land conservation efforts and the proximity of Yellowstone and Grand Teton National Parks promote the protection of open spaces, view and migratory corridors and privacy. The local community is thriving, highly educated and philanthropically minded.
6. Land Use and Planning
Teton County continues to carefully update their Comprehensive Plan with limits to growth and sprawl, keeping land inventory low and in high demand.
7. Limited Speculative Home Inventory
New speculative home building remains limited as the current focus is on building homes for local owners for their primary residential use.
8. Days on Market
Timing is everything! The average Days on Market decreased by 12% in Q1 2015 vs. Q1 2014.
Wyoming residency offers such significant tax advantages over other states that these tax advantages may possibly mitigate the cost of establishing residency or a business in Jackson Hole.
10. The Tom Evans Real Estate Team Can Help you Navigate Through the Jackson Hole Real Estate Market
Tom Evans, Melinda Day, Valerie Conger and Meredith Landino have the experience and professionalism to help you with your real estate transaction from start to finish. They are dedicated to providing the utmost in service and pride themselves on a history of satisfied clients. With the Tom Evans Real Estate team, you will receive Unmatched Experience and achieve Exceptional Results.