Some say it was the increased airline accessibility to Jackson Hole. Some say it was the aggressive estate and tax planning legislation by the state of Wyoming. Others say it was the friendliness of the Jackson Hole community and its refined western character. Whatever the reason Jackson Hole was red hot in 2013 and the outlook for 2014 is equally exciting.
Hot Spots to Watch
Demand for Teton Village real estate is growing, as Jackson Hole Mountain Resort becomes known as the top ski resort destination in the US. Many visitors are discovering this mountain gem for the first time – and falling in love with it. And look out for another hot area of Jackson Hole – the vibrant Town of Jackson. Living in town is becoming more and more sought after as new shops and restaurants line the boardwalks of downtown and the arts and entertainment scene continues to grow.
Town of Jackson Surges
Town of Jackson experienced a surge in 2013 as buyers snapped up 50% more condo units and over double the sales volume as reported by MLS. Competitive prices helped drive the action. In the price category of under $1.5M, sales volume in the Town of Jackson was up 72% and unit volume up 44% 2013 vs. 2012.
Likely this is not a coincidence as smart buyers are seeing “town” as a hot spot to watch. The town of Jackson wisely has set a vision for the community of careful growth and development. It makes sense for “town” to be the hub of our community, limiting the development in our scenic corridors and open spaces.
More Visitors Flock to Jackson Hole
The buzzword for Teton Village real estate is “value”. While the dollar volume for Teton Village real estate held flat in 2013, unit volume was up 21%. Buyers took advantage of value priced inventory, driving up transactions at Jackson Hole Mountain Resort. With the recent improvements and accolades received by Jackson Hole Mountain Resort, more and more visitors are discovering ski-in/ski-out real estate and demand for this product is increasing. The award winning Four Seasons Resort Jackson Hole is fully booked for all key dates this winter and luxury rentals are in high demand and becoming scarce as well.
A more people discover Jackson Hole, one can rest assured that the commitment to community will always be a priority. Our residents are passionate about ensuring a healthy environment, community and economy for current and future generations