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Jackson Hole, Wyoming Real Estate Market Update
Link1: http://www.stephenkoch.com
Link2: http://www.jhrealestate.com
Date: Feb. 25, 2008, 1:19 pm
JACKSON HOLE, WY REAL ESTATE MARKET:CRUNCHING THE NUMBERS FOR 2007:
The overall Jackson Hole Real Estate market (all home, lot, condo and commercial transactions or listings) in 2007 experienced the strongest rise in appreciation for any given year this century. The only part of the market that didn’t experience an increase was the overall number of sales, down 4% when compared to 2006. Not to worry though, the decrease can be directly linked to a lack of affordable free-market housing. The dollar volume was up 19% to over $1.576 billion, the average sale price was up 24%, and the median sale price was up 27%. The upper-end market (over $1 million) continues its record-breaking climb with 23% more sales, or 433 transactions. Of those transactions, 120 sold for over $3 million (up 60%) and 49 sold for over $5 million (up 63%).
OVERALL REAL ESTATE CURRENTLY UNDER CONTRACT is showing signs of the market really heating up. The number of properties currently under contract is up 112% when compared to the end of 2006. The dollar volume is up 87% (over $584 million) and the median list price is $2.7 million (up 288%), when compared to year-end 2006.
CURRENT OVERALL AVAILABLE INVENTORY has increased 19% when compared the end of 2006. While this is the first time in five years we have seen an inventory increase, at years end, available inventory in Jackson Hole is still at an historical 20-year low. Meanwhile, the overall median listing price climbed 4% to $1.8 million, and the overall average price of properties listed was $3.5 million (up 2%). The dollar volume of available properties, as of January 1st, was up 22% to $1.365 billion.
If you have any questions about the strong Jackson Hole, WY real estate market, please contact me, Stephen Koch.
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Realtor Information
Stephen Koch
Office: 307-733-4339Cell: 307-699-0202
Introduction
Stephen Koch is 'almost' a Jackson Hole local, having lived there for over 20 years. Stephen has a 100% success rate selling his listings and chose a career in real estate after 17 years teaching and guiding mountaineering, rock climbing and backcountry ski and snowboard trips in and around Jackson Hole through Exum Mountain Guides. Stephen Koch takes his responsibility of finding you the right home or property seriously. Stephen has helped thousands of individuals accomplish their dreams and looks forward to helping you accomplish your real estate goals. Stephen Koch has been fortunate to have traveled extensively for many years as a professional athlete and mountain guide. Stephen is the first and only person to snowboard on all Seven Summits, the highest peak on each continent. After surviving a near fatal avalanche high in the Tetons, Stephen started the Avalanche Awareness Foundation (www.avalancheawareness.org), a non-profit organization dedicated to educating students about the dangers of avalanches. In addition to Real Estate, snowboarding, skiing, mountaineering, road and mountain biking, Stephen most loves spending time with his wife, Saxon and baby son, Axl Luke. Stephen is excited to guide you with selling or purchasing real estate in Jackson Hole and the surrounding areas. For more information, visit: www.stephenkoch.com or www.jhrealestate.com
Art Hazen Real Estate LLCStephen Koch is 'almost' a Jackson Hole local, having lived there for over 20 years. Stephen has a 100% success rate selling his listings and chose a career in real estate after 17 years teaching and guiding mountaineering, rock climbing and backcountry ski and snowboard trips in and around Jackson Hole through Exum Mountain Guides. Stephen Koch takes his responsibility of finding you the right home or property seriously. Stephen has helped thousands of individuals accomplish their dreams and looks forward to helping you accomplish your real estate goals. Stephen Koch has been fortunate to have traveled extensively for many years as a professional athlete and mountain guide. Stephen is the first and only person to snowboard on all Seven Summits, the highest peak on each continent. After surviving a near fatal avalanche high in the Tetons, Stephen started the Avalanche Awareness Foundation (www.avalancheawareness.org), a non-profit organization dedicated to educating students about the dangers of avalanches. In addition to Real Estate, snowboarding, skiing, mountaineering, road and mountain biking, Stephen most loves spending time with his wife, Saxon and baby son, Axl Luke. Stephen is excited to guide you with selling or purchasing real estate in Jackson Hole and the surrounding areas. For more information, visit: www.stephenkoch.com or www.jhrealestate.com
P.O. Box 201
Jackson Hole, WY 83001
[ Realtor Page ]
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