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Year End 2018 Market Update

Grand Teton National Park

Greeting from Jackson Hole. The winter so far has been mild across the Rockies.  Currently skiing up high is good and the lower mountain is improving quickly. With the bulk of the winter yet to come, and a series of storms on the horizon, I know Jackson Hole will revert to the mean and produce a typically excellent winter for skiing and riding.

2018 was a record year for real estate sales.  Last year’s trend of high buyer demand only increased with the recent tax bill making the combination of Wyoming’s desirable tax and wealth climate and Jackson Hole’s casual western lifestyle and impressive cultural menu more appealing than ever.  The increased buyer demand put pressure on the already low inventory numbers, which in turn decreased supply and led to increased prices.

Total Dollar Volume was Up 34% from the previous year and 44% from 2016

2018 dollar volume graph

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Making Your Vacation Home Your Full Time Home

Great article in the Wall Street Journal. Buyer’s such as those portrayed are flocking to Jackson Hole, for both a better lifestyle and to take advantage of the tax and wealth savings of becoming a Wyoming resident.

Making Your Vacation Home Your Full Time Home

 

 

 

Getting To Jackson Hole Just Got Easier

See below for the full press release, but getting to Jackson Hole, which boasts the best air service of any Rocky Mountain resort town, just got easier thanks the addition of daily non-stop flights to Dallas.

 

 

American Airlines to Fly Year-Round to Jackson Hole

 

(September 29, 2017), Jackson Hole, WY –– It is with pleasure that the Jackson Hole Travel & Tourism Board, JH Air Improvement Resources Board and American Airlines announce the opportunity to provide YEAR ROUND air service to Jackson Hole, Wyoming. Beginning Spring 2018, American Airlines will fly a daily CRJ700 from Dallas Fort Worth, TX to Jackson Hole, WY, complementing their A319 service during the summer and winter.

“Commercial air service is a significant factor in expanding and developing Wyoming’s economy,” said Governor Mead. “Entrepreneurs and businesses need quick access to markets and customers. Visitors want convenient access to their destination. Residents want the mobility air service provides. The addition by American Airlines of year-round service is a boon to Jackson and Wyoming. It is good news for our state.”

 

“Adding American Airlines on a year-round basis should allow locals to feel the benefits of more choice when we move into the spring/fall timeframe,” stated Mike Gierau, Chair JH AIR. “The ability to fly the smaller Regional Jet aircraft during our shoulder seasons is the key to matching a strong, but lower capacity demand,” continued Gierau.  “The Spring/Fall service (April/May and October/November/early December) will complete the year-round air service for American Airlines. We know our community has been asking for increased, year-round options, they love to travel for work and pleasure and being able to use a consistent loyalty program year round is a plus”.

 

Keely Herron, speaking on behalf of the JH Travel & Tourism Board, expressed their delight with the opportunity this may provide, for locals and for the folks trying to travel to Jackson during a time of very low air seat capacity. “Daily year-round service on American will be a big benefit to Jackson locals as well as business travelers. The Travel & Tourism Board works to help even out seasonal ebbs and flows, and we look forward to supporting American Airlines, along with each of our airline partners flying service to Jackson during the spring and fall seasons”, concluded Herron.

 

Spring and Fall service will be operated on a CR7.

Spring schedule:

Departure Depart Time        Arrival     Arrival Time
DFW 11:10 JAC 12:58
JAC 13:35 DFW 17:17

Note: Schedules are subject to change.