Home Buying in Jackson Hole>Question Details

Deborah Madey, Real Estate Pro in Brick, NJ

What is the market like in Jackson Hole, WY and surrounding areas?

Asked by Deborah Madey, Brick, NJ Fri Aug 17, 2007

Can I buy a good condition 3/2 SF home within 30 minute drive of Jackson Hole for under 500K?

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Answers

6
Deborah,
Greetings. To answer your first question, "What is the market like in Jackson Hole, WY?"
As per our MLS statistics:
LISTINGS:
New/Active / Sold/...Months of Inventory
Feb/2008 352 3,760 74 50.81
Feb/2007 310 2,534 139 18.23
To answer your second question, "and surrounding areas?"
I would be seriously remiss if I did not advise you to seriously consider the national housing slump when buying in ID at this time. I feel that there is more upside potential in WY. This is not to say that it is impervious to the subprime "slime" Central bankers ushered us into after 9/11 with the availability of so called "ninja loans."
To anwer your third question: "Can I buy a good condition 3/2 SF home within 30 minute drive of Jackson Hole for under 500K?"
No, the drive is more like 45 minutes on a good day.
Think Alpine, WY. The lowest priced one is currently $278K.
1 vote Thank Flag Link Thu Mar 6, 2008
You are too late for Jackson but you will have some luck in Lincoln County. Alpine, Etna, all of Star Valley. Good schools and lots of mineral revenue. Fastest growth in Wyoming.
1 vote Thank Flag Link Mon Oct 1, 2007
Yes, there are homes in Star Valley, WY. However, Idaho has got the best value and the best homes available. There are golf course communities with many amenities, tennis courts, swimming pools, hiking, fishing, riding, etc. You also have a choice of 2 ski mountains in Idaho. Targhee and The Village in Jackson. There are several good restaurants in Teton Valley, Idaho that have a more sophisticated palate than the few restaurants in Star Valley, WY. Teton Valley, Idaho has much more to offer then Star Valley, WY and it is closer to Jackson then Star Valley, WY. There is a better chance of values recovering in Teton Valley, Idaho quicker because the distressed properties are selling and selling a lot faster then in Star Valley, WY. The value is definitely better in Idaho! Idaho is beautiful!
Come out and see for yourself and I think you will agree.
0 votes Thank Flag Link Sun Feb 28, 2010
The answer is yes, the Teton Valley Idaho side is within 30 mins. and has a number of offerings under 500k, some with around a acre or 3 as well. the Star Valley area can get you a home for under 500k but the further you travel the more proeprty and larger home, 45 to 50 minutes can get 2-5 acers and a nice home.
0 votes Thank Flag Link Wed Mar 5, 2008
You might be able to do that in parts of Pinedale.... but it is about twice as far as you requested (South). But it is also very beautiful and seems to be following the Jackson trend to some degree. You can also go into Idaho and get closer to your goal, but 30 minutes might still be pushing it, and personally I don't think it is very attractive. So sell more Real Estate and then you can afford a nice tiny condo in Jackson for $3,000,000!

Brendan Murphy
Broker, CRS, GRI, ePro
Raving Real Estate
Laramie, WY 82070
0 votes Thank Flag Link Thu Feb 7, 2008
How do you like this answer I found?
"You’re Not Just Buying Real Estate In Jackson Hole-
You’re Investing In a Lifestyle and Living a Dream"

My search at http://www.realestatejackson.com/mls.php revealed 65-70 properties.
0 votes Thank Flag Link Fri Aug 17, 2007
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