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For many young working people, buying a home in the Jackson Hole area is a daunting prospect, whether theyâre scraping together a down payment or contemplating how to afford mortgage payments in a pricey real estate market.
During a housing webinar hosted last week by Young Professionals of the Tetons, a Jackson Hole Chamber of Commerce group for ages 21 to 40, experts on Jacksonâs free-, workforce and affordable housing markets offered them some rays of hope as well as some suggestions for how to get their act together to become a homeowner.
David NeVille, associate broker with The NeVille Group at Jackson Hole Real Estate Associates, told the audience that the minimum price for a single-family home last year was $400,000, and the cheapest condo was $315,000, with median prices of $2.5 million and $867,000. Single-family home inventory is currently down to 50, âwhich is absolutely nothing,â he said, and condo inventory is low too.