Jackson Hole, Wyoming is the gateway community to both Grand Teton and Yellowstone National Parks and remains an international tourist destination. A city that witnessed an average home price of $990,000 at the height of the market and maintains a status of one of the wealthiest counties in the nation, has also faced declining market challenges though certainly not to the extent of the national housing market. The condominium/townhome market witnessed the sharpest decline at approximately 60%. As of the 1st quarter 2013, the market has spiked. The number of days a property is listed on the market for sale, has dropped sharply with well-priced properties selling quickly. Current market data suggests the Jackson real estate market is on the rise. Additionally, residential construction permits in Teton County, Wyoming for February 2013 were up 83% compared to February 2012.
Current market conditions, are outlined in all of the appraisals; as well as a thorough explanation for the comparable properties utilized in narrowing in on current market values in a dynamic real estate market. All appraisal assignments comply with USPAP (Uniform Standards of Professional Appraisal Practice). Please call 208-399-9099, or send us an email for a fee quote.