After 10 years of sluggish sales, the single-family vacant land market is finally seeing some momentum. While the number of sales is down 43% (13 total) when compared to the first three months of 2018, the number of lots under contract is up 140% (12 total). Also worth noting, the residential vacant land inventory is at a 35 year low, with only 91 properties currently available.
What changed? During the Great Recession, almost half of the general contractors left the valley looking for work. Unfortunately, after the recession, most did not return. The few The Jackson Hole Report is the most widely distributed and trusted quarterly newsletter in Jackson Hole. To guarantee the most successful outcome in your next real estate transaction, call us today. contractors who did survive the recession were booked out for several years, with most of them building luxury homes. Last fall we started seeing more general contractors willing to bid not just on new homes, but on major remodels too. There are more skilled sub
