Market Update | Jackson Hole Real Estate

2013 is truly a new year for the Jackson Hole real estate market. Residential closings year to date are up 18% and vacant land closings are up 44%.

The strong last quarter of 2012 and an especially robust December has carried into the new year. Opportunities for buyers are still there but inventory is down significantly from the past couple of years. Sellers are starting to see opportunity.

January on the Fast Track

While the December 2012 market experienced a surge in dollar volume, January 2013 showed marked improvement in unit sales, another strong indicator of a market in recovery.

– January 2013 MLS reported sales:

– Closed Units up 22% over prior year

– 74% of unit sales were under $750K

– Inventory under $850K down 7%

February Heats Up

Looking at Jackson Hole Sotheby’s International Realty alone, February seems to be continuing the momentum.

At Jackson Hole Sotheby’s International Realty alone, sales volume closings for February are anticipated at nearly twice that of Teton County MLS sales volume for January 2012. 22% of February closings are for properties over $2M.

Jackson Hole benefits continue to be special…great snow and skiing this winter, Yellowstone and Grand Teton National Parks offering wonderful winter experiences, sleigh rides on the Elk Refuge within 20 feet of thousands of elk, snowmobiling and hot springs! Summer is just around the corner with all our activities or just a peaceful float down the Snake or day on the patio or deck in our perfect summer weather.

Combine all that with Wyomings healthy economy, very friendly tax situation and the most compelling lifestyle package awaits you here in Jackson Hole.

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