Jackson Hole, originally called Jackson's Hole, is a valley located in the west-central Wyoming and is adjacent to The Grand Teton and Yellowstone National Parks. The name "hole" was used by early trappers or mountain men, who entered the valley from the north and east and had to descend along relatively steep slopes, giving the sensation of entering a hole. These low-lying valleys surrounded by mountains contain rivers and streams, were good habitat for beaver and other fur-bearing animals.
The only incorporated town in the valley is Jackson, sometimes also mistakenly called Jackson Hole itself. Other communities in the valley include Teton Village, Moran Junction, Kelly, Moose, Hoback and Wilson.
According to local real estate web sites the visit http://www.homesforsalejacksonhole.com , range in price from $500,000 on up depending upon the acreage, age of the home, amenities and other features of the property. These prices however are closely mimic the economy as a whole. County Assessor Cathy Toolson in January, 2010 said that “Just from the sales we’ve looked at, assessed value is definitely going to go down”. She went on to say that the county commissioners believe that there will be a short fall between $2 and $3 million.
Of course the property taxes are computed from the previous years home sales value. So extrapolating her assessment home sales values in Jackson Hole have gone down. According to Cara Rank of Jackson News & Guide in her February 3, 2010 column, that “ county revenue from property taxes was $7.34 million last year. If the differences between $2 million and $3 million are used ($2.5 million) that represents a drop of roughly 34% in revenue for the county. But how does that relate to the value of homes for sale in Jackson Hole?
According to Thomas Dewell January 20, 2010 article cites a statistic from the Hole Report in Jackson News & Guide that the number of homes for sale in Jackson Hole dropped 80% in 2009. He goes on to say that the value of the home sales in Jackson Hole transactions dropped 79% from $1.5 billion to $333 million.
With these kinds of drops, there has to be some really significant bargains in Jackson Hole, Wyoming. To see more visit http://www.homesforsalejacksonhole.com
