Current location:world >>
The Yellowstone effect! House prices in these rural Wyoming towns have soared to an all
world44People have gathered around
IntroductionHouse prices have soared in rural Wyoming as wealthy Americans flock to the area drawn by outdoor ac ...
House prices have soared in rural Wyoming as wealthy Americans flock to the area drawn by outdoor activities and an escape from city life.
The average single-family home in Jackson and Teton County costs more than $7 million, reported Cowboy State Daily.
According to the 2024 Quarter 1 Jackson Hole report, put out by the Viehman Group, sales in Jackson are up by 10 percent year over year and dollar volumes are up 62 percent.
Inventory is up 14 percent year over year at 150 listings, but that is the third lowest inventory recorded in the market indicating demand for homes in the area is outpaced by supply.
'Today (in Jackson), we have 1.2% of our properties on the market. We have almost 13,000 deeds, but we only have 150 listings,' David Viehman said in his podcast about the report.
The average single-family home in Jackson and Teton County costs more than $7 million. Pictured: a $22.5 million listing in Jackson
Inventory is up 14 percent year over year at 150 listings, but that is the third lowest inventory recorded in the market. Pictured: a $9.95 million listing in Wilson, Wyoming
'In 2023, there were 45 properties under contract at the end of Q1 versus 35 this year.'
The report said average sales prices were up 47 percent and reached new records in several categories, including a 55 percent increase in the number of luxury sales, meaning homes above $5 million.
Sales in the $1 million to $3 million range remained in the majority of sales, accounting for 52 percent of transactions.
Homes sold in the Westbank area accounted for 31 percent, while the town of Jackson made up 27 percent of sales.
Viehman reflected on the differences in the market now compared to when he moved to the area in 1992.
'At that time, there were approximately 1,300 active listings, or about 11 percent of the overall number of properties in the valley,' he said.
Current listings in the area include a 5 bed, 5.5 bath 8,896 square foot home on a 5.85 acre lot on Indian Springs Drive listed at $22.5 million.
There is a 55 percent increase in the number of luxury sales, meaning homes above $5 million. Pictured: a $13.5 million listing in Jackson
Hit TV series Yellowstone helped contribute to a boom in the state that saw housing prices soar. Pictured: A $24 million listing in Jackson
The residence has floor-to-ceiling windows, a modernized gourmet kitchen, a 12-seat home theater, heated pool and sauna, according to Realtor.com.
Another five bed, 5.5 bath 5,820 square foot home 1.92 acre lot in Jackson in Meadowlark Road is listed for $13.5 million.
A six bedroom, seven bathroom 7,859 square foot residence on Dairy Lane in Jackson is listed at $24 million.
On Tucker Ranch Road in Wilson there is $9.95 million listing for a 5 bed, 5.5 bath 3,656 square feet single family home on a 4.3 acre lot.
Jackson Hole Sotheby's International Realty Teton County first quarter of 2024 report found dollar volume of sales is up 31.8 percent to more than $280 million.
This includes four large sales, including two guest ranches, represented a listing price volume of nearly $160 million.
They found the median sale price for the first quarter was $2.15 million for a 2-bedroom home with a guest house on Fall Creek Road.
Kevin Costner stars as rancher John Dutton the TV series that brought in an estimated 2.1 million visitors and $730 million in tourist dollars to Montana
The show has been a monster hit for the network, and tells the story of the Dutton family, and their battles over their gigantic Montana ranch
'Low inventory is arguably partly to blame for the slowdown in activity; at the beginning of April 2024, only 61 homes were listed for sale across Teton County which squarely places this segment of the valley in the "Seller's Market" category,' Sotheby's report said.
'While fewer homes have sold compared to last year, individual home prices remain strong and upper-end buyer appear to be less concerned about high mortgage rates.'
Hit TV series Yellowstone helped contribute to a boom in the area that saw housing prices soar.
The Kevin Costner starring cowboy drama brought in an estimated 2.1 million visitors and $730 million in tourist dollars to Montana, according to a report last year.
The show has been a monster hit for the network, and tells the story of the Dutton family, and their battles over their gigantic Montana ranch.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Global Gazetteer news portal”。http://panama.downmusic.org/html-63e799195.html
Related articles
Tom Brady and Jay
worldA small group of NFL rookies from the 2024 class, including Caleb Williams and Drake Maye, sat down ...
【world】
Read moreChina continues to provide better travel services for foreign visitors: FM
worldChina's telecom operators have taken steps to upgrade their service in multiple Chinese cities to he ...
【world】
Read moreChina's thriving tech innovation a boon for emerging business forms
world(Xinhua) 09:02, May 30, 2023This photo taken on May 27, 2023 shows a Hyundai hydrogen fuel cell vehi ...
【world】
Read more
Popular articles
- Inquiry slams UK authorities for failures that killed thousands in infected blood scandal
- Obstructing China's reunification will pay a heavy price: Embassy spokesperson
- China urges U.S. to cease sending wrong signals to "Taiwan independence" forces
- In pics: industrial production across China
- Mystery artist who erected signs comparing pothole
- Mainland calls for peaceful development of cross
Latest articles
What a blast to work at NASA. Space agency is sky
China donates medical equipment to local hospital in Tanzania
China's top diplomat to attend Munich Security Conference, visit Spain and France
Feature: Remote Ugandan villages visualize better future with Chinese oil works in backyard
The Latest
Hong Kong holds digital economy summit, eyes sustainable future
LINKS
- Demi Lovato dazzles in metallic Prabal Gurung gown at 2024 Met Gala
- Forest loses appeal against 4
- Teacher Appreciation Week: Schools subsidize on
- From flooding in Brazil and Houston to brutal heat in Asia, extreme weather seems nearly everywhere
- Belarus launches nuclear drills a day after Russia announces them, with Ukraine in mind
- I'm an ER doctor
- US youth prospect Keyrol Figueroa signs pro contract with Liverpool
- PGA Tour goes to Quail Hollow ahead of PGA Championship. Nelly Korda goes for 6 in a row
- Judge delays murder trial for Indiana man charged in 2017 slayings of 2 teenage girls
- Irina Shayk shines in a Swarovski gown at the 2024 Met Gala