We have attached an excellent article from the Western Mountain Resort Alliance (WMRA). The WMRA is an organization composed of Realtor Boards of destination ski resorts in the Mountain West. Boards include Park City, Utah; Sun Valley and McCall Idaho; Jackson Hole, WY; Crested Butte, Steamboat, Summit County, Vail Colorado; Big Sky, Montana; Whistler, British Columbia and Tahoe California.
The most recent report can be found here: Click this link —- http://origin.library.constantcontact.com/download/get/file/1107631264353-51/WMRA+Graphs.pdf
The information is really interesting to see. When comparing Teton, County (Jackson Hole) to the other communities you can see that Teton, County has the highest Average Sale Price by far, the least amount of active listings and the largest decrease in the number of available properties for sale when compared to 2012. To me, it illustrates some of the benefits and down falls of our real estate market here in Jackson Hole. The benefits are that our real estate values are going to be strong and will increase significantly as activity increases. The negatives are going to be our lack of inventory. When looking at available real estate for sale in areas like Vail it is remarkable to see almost 2,500 active listings compared to Jackson 450. Wow – I can only imagine what it would be like to have that much inventory.
One more stat that is interesting to point out — Number of Listings per Realtor — Jackson Hole = 1.02. Vail = 3.65. Big Sky = 14.2. Park City = 5.0
For additional information on the differences in real estate markets please contact the Jackson Hole Experts – Christy and Garth Gillespie at Jackson Hole Real Estate Associates – Christie’s International Real Estate – 307-413-5243 or at email@example.com.