Laramie, Wy – A local real estate expert in Jackson says a recent market boom has broken records in 2004 for sales, volume, and average home price.
Total real estate sales reached 904-million dollars. That's 200-million more than the previous record, set in 2000.
All of this according to David Viehman, owner of Jackson Hole Real Estate and Appraisals, who posted his annual report online this week.
The median sale price for a single-family home hit a new high of 615-hundred-thousand-dollars.
2004 saw the most expensive real estate transaction in the area's history. A ranch was listed for more than 100-million-dollars.
Altogether, there was a record 938 free-market real estate transactions in 2004. One hundred fifty-eight of those transaction were in the million dollar-plus range, also a record.
Viehman attributed the numbers as evidence that an economic turnaround has occurred from the dot-com bubble bust and the September Eleven terror attacks.