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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