Jackson Hole Real Estate Market Report - March 2020
By Ronald Miller/ Broker Jackson Hole Real Estate Company, LLC
Greetings from Jackson Hole!
I want to thank all of you for your daily inquiries and for using our interactive jacksonholerr.com website feed to see new listings. As always we are updating the featured listings and showing our most popular listings to make your search quick and easy.
We have been fairly consistent and steady at the moment with brisk sales in Jackson Hole. Our team is once again having record sales with 26mm closed since October of 2019. My team specializes mostly in the higher end sales in the resort areas of Spring Creek, Teton Village, The Aspens and Teton Pines. We had 2 closings south of town for 12 million so that market too seems to be doing well. I attribute our large dollar volume in sales to my clients looking for an excellent store of value of extra cash and being able to enjoy their fantastic Jackson Hole property! What else are you going to do with cash these days with the stock market and economy on edge? I tell folks that investing in very unique Jackson Hole properties that have a high probability of holding value is a great alternative. Investing in physical precious metals and art is nice too but all you can do is look at it and those investements are more like an insurance hedge. Right? Not a bad idea to look at those alternatives also.
At present I take advantage of the Trump tax cuts that are primarily geared towards real estate and business depreciation. We are currently renovating 28 units at the Miller Park Lodge and White Arrow Ranch project. Owning a nice Jackson Hole rental property in an L.L.C. can be highly attractive to offset gains with depreciation write-offs. Your tax advisor should be able to guide you to the same conclusion depending on your situation.
Again we appreciate your business. Please let me know how I can help you in any way.
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