Jackson Hole Real Estate Update

Year To Date and 2nd Quarter

2012-dollar volume for Jackson Hole surged ahead of 2011 and 2010 boosted by strong sales in May and June as reported by the Teton Board of MLS. Looking at the 2nd quarter 2012, unit sales jumped 25% and volume was up a robust 36% versus the 2nd quarter of 2011. Average sales prices for the period also increased 8.9% to $1.2 million from $1.1 million.

Buying Real Estate In Jackson Hole

Today more than ever Jackson Hole offers a compelling lifestyle package like no other. Arguably one of the most tax friendly states in the U.S., residents enjoy no state income tax, no state capital gains tax, no state inheritance tax, no state estate tax, no state gift tax and more. Jackson Hole has non-stop airline services from Newark, San Francisco, L.A., Chicago, Atlanta, Houston, Dallas, Minneapolis, Denver and Salt Lake City and when you step out of the airplane; you are already in a National Park. With our thriving arts and entertainment venues, our protected scenic wildlife corridors and world-renowned recreation including skiing at Jackson Hole Mountain Resort, a home in Jackson Hole is the perfect combination of extraordinary natural beauty with very practical financial benefits for owners.

Rates at True Record Lows

Rates on 30-year real estate loans slipped to a record low of 3.56 percent. That’s the lowest rate since Freddie Mac began keeping records. The average 15-year rate also dropped to a historic low of 2.86 percent. The lower rates along with a limited inventory in Jackson Hole this summer make it a very compelling time to consider a property purchase.