Western Home Journal features Mercedes in Round Table Discussion

 

For this Western Home Journal article, in Jackson Hole’s first ever real estate round table, the area’s top producing realtors weigh in on the current and future state of the market. Discussion topics ranged from commercial real estate, to inventory to the Jackson Hole lifestyle.

Click here to read the full article on the Western Home Journal website.

Each question encouraged a variety of viewpoints, but Mercedes Huff, Brandon Spackman, Julie Faupel and Jeff Ward drew many of the same conclusions.  In short, this is what was gathered:

*Prices span from roughly $250,000-$25,000,000: This range includes everything from a 1 bedroom condominium to historic ranches.

*The commercial market has stabilized and has seen continued growth: As prices decreased during the recession, many retailers moved closer to the town square. Now, limited space is driving demand and therefore prices back up.

*Inventory is tight in all sectors of the real estate markets:  Demographically speaking, young families are trying to make a life in Jackson, making the under $1,000,000 segment particularly tight.

*From an architectural standpoint buyers are tending toward more “mountain modern” homes: Reclaimed materials, high end appliances, energy efficiency and an overall rustic ambience seem to be the package that buyers are seeking. Additionally, buyers are looking for functionality such as a main floor master bedroom and a floor plan that allows enough space for all of the visiting friends one acquires with the purchase of a home in Jackson!

*The Jackson Hole lifestyle is the biggest draw for buyers: All you have to do is look at the surrounding mountains and rivers to realize why people want to me here. Aside from pure beauty, tax advantages, abundance of natural resources, and culture also play a role in drawing buyers.