Jackson, Wyoming, Snowed With Homebuyers by Blanche Evans
With its spectacular location, Jackson, Wyoming, attracts visitors year-round, and many want to come back to live, say local Realtors. "Nestled at the foot of the beautiful Teton Mountain range in Western Wyoming you'll find the community of Jackson," says Realtor Dana Harris. "Also referred to as Jackson Hole by some, this town and the surrounding area offer some of the most beautiful lands this country has to offer. Two National Parks (Grand Teton and Yellowstone) are some of the many wonders you'll experience in this paradise for the outdoor enthusiast. With excellent summer and winter activities at your doorstep, including world class skiing and boarding at Jackson Hole Mountain Resort, as well as a vibrant town, you can't ask for a better place to live. With all but three percent of the lands protected, you'll also find Jackson to be a great place to invest in real estate. Wyoming is also one of the most tax-friendly states which is a great benefit whether you're retired or just starting out." Agree Realtors Chad and Dianne Budge, "Jackson is the hub of the entire Snake River Valley." About the market, the Budges explain, "The town of Jackson, Teton Valley, Idaho and Jackson Hole are all above 2004 levels! The record-setting real estate market from 2004 has carried its momentum into 2005 and is showing no signs of cooling off. We may be looking at another record year. The town of Jackson is showing even stronger increases with the number of transactions in town was up considerably over last year, possibly fueled by the success of the 810 West development on Snow King Avenue, which finished construction earlier this year. On the other side of the pass, Teton Valley, Idaho, and Alta, Wyoming, are also showing an increase in momentum with a significant increase over last year's volume and sales transactions." "There has been incredible interest in the town of Jackson's condominium and single-family homes as of late," says Realtor Christy Garth Gillespie. "We have seen many full price offers, zero days on market, and lack of inventory, thus creating a perfect seller's market. So far in 2005, we have experienced 30 percent more transactions in the past seven months than we saw in 2004 at this time. Furthermore, the average number of days condominiums and townhomes spent on the market decreased 25 percent. The trend we are seeing within this market segment is buy now before it is too late! Single-family home sales have also seen a similar market trend. In the past seven months, home values under $1 million have already increased 14 percent since this time last year. Who knows how high the appreciation rate will rise this year, but it is apparent that market prices are supporting this huge demand to own in the town of Jackson." |
