Expect to find no fluff here. The promise I make is that I work specifically for my clients best interest and not my own. My focus is not on todays commission for myself, but rather, earning the trust of my clients and guiding them in making informed decisions.
Currently, my take of the Jackson Hole Market is that we are experiencing a lull due to sellers being slow to drop prices and buyers not finding value. What you will findĀ in the following charts is data based statistics from the last two years, my summary of the numbers followed by my forecast. The forecast is purely based on two decades of following the Jackson Hole Real Estate Market.
As a whole, I do not think the prices in Jackson and Teton County reflect the reality that is about to hit. Though, there are occasional exceptions. It isthese exceptions that I will focus on finding for my clients.
The trend is pointing towards distressed sellers. The combination of the national economy falling into a deep recession, tight credit markets, and loss of wealth has started and will continue to force property owners to sell.
This is information that I have personally compiled. If there are other statistics you would like to see please email me.
Owner – Broker
Rick Armstrong
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