Looking for REO or Bank-Owned Property investment opportunities? There’s a bank-owned property coming on the market very soon in the Snow King Estates community within the Town of Jackson. It’s going to be offered at a 41% discount of the last sale price (April, 2010) in this neighborhood. This will be a great opportunity if you or a friend are shopping around and trying to take advantage of these low residential interest rates.
There are have been some fantastic sales in Jackson Hole in recent weeks. Although the common trend is supporting decreasing real estate values across the board, there have been sales in John Dodge and HHR Ranch that have bucked the trend, giving the Gold Medal and top podium spot to the Seller. With interest rates looking like they are on the rise and the pending reality of Capital Gains taxes increasing, more deals are getting done as 2010 seems to be the best choice to buy and sell.
The Jackson Hole real estate market is tracking for its fourth quarter in a row of increased transaction numbers. 2009 ended up with about 225 total deed transfers in Teton County, WY. It’s likely 2010′s numbers will be considerably higher, indicating great values from the banks and more sellers who are motivated to sell.