Associated Press - October 26, 2009 7:05 AM ET
JACKSON, Wyo. (AP) - The first nine months of this year were a buyer's market for real estate in Jackson Hole.
That's according to Jackson Hole Real Estate Associates, which tracks the Jackson Hole housing market.
The firm reported in its newsletter Friday that the number of single-family homes sold in Jackson Hole was down 42 percent compared to the first nine months of 2008. The dollar value of those homes sold was down by 50 percent, and the average sale price was down 13 percent.
The firm reports an even softer market for townhomes and condominiums in Jackson Hole. Condo and townhome sales were down 74 percent and the average price was down 39 percent.
Getting mortgages wasn't an issue for many homebuyers. Half of all Jackson Hole homebuyers paid cash.
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