Jackson Hole Real Estate Market Update

As we are talking about the Jackson Hole real estate, it is also essential that you should be aware of the present market condition. Selling of property in this area is quite common and it has become a part of daily activity. In the month of April 2012, the real estate market of Jackson Hole had 26 closings out of which it includes 21 residential properties and 5 vacant land parcels. These 5 land deals are actually a good sign as it signifies an increase of activity in the market segment.

Jackson Hole Real Estate Experiencing a Constant Growth

The average price of a residential property is estimated as $1,300,000 and the medium price was found to be $800,000. The highest price was recorded as $7,995,000. Sales of property was not fixed to one part of the land, it has taken place throughout the area. It has been recorded that 8 sales has been made in Teton village, 6 sales in the northern part of the town and 8 sales again in the Town of Jackson. Jackson Hole real estate markets us really experiencing a steady growth that makes a contribution in the U.S. economy.

The Jackson Hole real estate market is actually based on four phases: tourism, lifestyle, agriculture and hunting. Native Americans are highly enthusiastic and they are the only one who used to come so as to hunt. But they never became the permanent resident of the locality as it was highly isolated area. But gradually the place has changed and now there is large number of people hunting a place to reside in this locality.