The Ins-and-Outs of Jackson Hole Real Estate

Jackson Hole, Wyoming, is located in the state's northwest corner. Close to some of the most beautiful wilderness spots in the world, Jackson Hole is primarily a resort town with outstanding views and excellent skiing. It’s a short drive from Yellowstone National Park, Grand Teton National Park, and Bridger-Teton National Forest. It’s the perfect place for a purchase property, whether you’re an outdoorsman, thrill-seeker, or a nature lover who basks in the peace and quiet.

Homes for sale in Jackson Hole sell for over $1 million and range in size. Find small, single-family homes, mansions, and sprawling ranches in this community, but don’t be surprised by the price tag. Large homes with gorgeous views typically sell for over $10 million. Whether you’re looking for a vacation home or a great investment opportunity, a Jackson Hole property is the answer.

Real estate in Jackson Hole may be valuable, but it's important to understand the local housing market to obtain the greatest possible return on your investment. Certain factors will affect the housing market locally and nationally, and it’s essential to keep them in mind when deciding the best time to buy or sell. Keep reading to learn the top five things about Jackson Hole real estate.

Jackson Hole welcomes millions of tourists each year. There’s so much to do in the area, and since it’s close to many National Parks, people will continue to visit or move to the area. The number of outdoor activities is endless, with alpine skiing, hiking, flat tire biking through the snow, dog sledding, relaxing in natural hot springs, and so much more. Combined with the assortment of dining and shopping options and the beautiful scenic backdrop, Jackson Hole properties are exceedingly valuable. Real estate is in such high demand because it’s a great area!

Jackson homes are valuable, and they will continue to increase in value by virtue of their location. Real estate is in high demand in this community, thanks to its ideal location to abundant natural wonders.

You can see this demand by increasing median home prices. Jackson Hole's current median listing home price is $2,350,000, which has increased from $899,000 in March 2019. This shows that the values of properties are rapidly growing. If you’re not looking for a vacation home, a home in Jackson would be a good investment. Buy the property, wait a few years, sell it, and then profit. You could even increase your return on investment if you buy a fixer-upper and renovate it into a luxury ski lodge.

The mortgage interest rates nationwide have been low, but that could change soon. The Federal Reserve is expected to increase interest rates later this year, and mortgage interest rates may see an increase. If you’re planning to buy a Jackson Hole house for sale, this could be something to consider.

If you buy sooner rather than later, you won’t have a high-interest rate on your mortgage. However, if you’re planning on selling Jackson Hole real estate, this may be a sign that you should put your house on the market. Knowing that mortgage interest rates are likely to increase will give prospective buyers a sense of urgency. They might even be willing to pay more for the real estate if they know they won’t have to spend much in interest.

If you’re looking to buy Jackson homes with the intent of flipping them, you might be able to rent your property until you’re ready to sell. Thanks to the recent increase in popularity of home-sharing apps like Airbnb, you can make money renting your Jackson Hole real estate without any of the long-term hassles that come with being a landlord. Ask me for more information if this is something you’re considering!

The mortgage would practically pay for itself, and then when you’re ready to sell, you’ll still profit. If buying Jackson homes isn’t just a business venture for you, you can still take advantage of this money-making opportunity. Use your Jackson home for however long you like, and then when you’re not using it, you can rent it out and have an additional source of passive income. All the reasons you want to spend vacation time in Jackson — things like skiing, dining, shopping, hiking, and scenic views — are also why people would be willing to pay so much to stay in your Jackson Hole home.

If you’re ready to get the process started of buying or selling Jackson Hole real estate, contact a reliable and knowledgeable realtor like Deirdre Griffith. She knows the area and local market well and will ensure you get the best possible price.

It’s also no question that property values in the area are skyrocketing, thanks to its excellent location. Whether you’re looking for a place to spend your vacation time or a property that you can flip for a profit, Jackson Hole has options for you.

Ready to get started? Reach out to trusted local agent Deirdre Griffith for more information. Deirdre would be happy to help you find the Jackson Hole property of your dreams.