Jackson Hole has many Vacation / Second Homeowners and we are seeing an increase in these type of buyers. This graph was put together by the National Association of Realtors and the Wall Street Journal. The graph explains that Vacation Home sales increase 7% from 2010 to 2011. The Jackson real estate market mirrored this increase as properties priced over $1,000,000 had an increase of 7% over 2010 (100 in 2011 verse 97 in 2010).
As for the increase in investment type properties I believe Jackson lagged this market in 2011 and we are seeing that increased action in 2012. We have 40 pending transactions at the moment of properties listed under $500,000.
There are a good amount of second homes for sale in today’s market so we can only hope that this summer provides a flurry of activity for the second home seller. The Jackson Hole Experts – Christy and Garth Gillespie – specialize in assisting the second home buyer. More than 50% of our transactions take place “log distance” so if you would like more information on second homes in Jackson Hole please contact us at 307-413-5243 or by email at email@example.com.