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Local economic indicators mirror Jackson Hole real estate market

By   /  November 18, 2010  /  No Comments

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This picture of the Snake River near Hoback Junction was taken last week, but the scenery will look very different in the next few days as a big winter storm is expected to bring significant snow to the valley floor. Here comes winter!

The following stats were provided by the Chamber of Commerce and compiled internally at Jackson Hole Sotheby’s. Only a few are directly related to real estate, but all play a role in the greater regional economy.

Overall, most of the figures mirror the Jackson Hole real estate market: stable and better than 2009, but still struggling to regain the mojo of the middle of this decade. However, there is no sugarcoating the building and commercial sectors of the local economy.

  • Teton County Sales and Use Tax: Sep-10 up 12% vs. Sep-09 and up 4% vs. Sep-08.
  • TC Unemployment Rate: Sep-10  5.9%, Sep-09  5.6%, Sep-08  2.2%.
  • YNP & TNP Visitations: Sep-10 up 36% vs. Sep-09 and up 18% vs. Sep-08; YTD: Sep-10 up 7% vs. Sep-09 and up 13% vs. Sep-08.
  • JH Airport Enplanements: Sep-10 up 11% vs. Sep-09 and up 9% vs. Sep-08; YTD: Sep-10 up 2% vs. Sep-09 but down 8% vs. Sep-08.
  • Lodging Occupancy Rate: Oct-10 Unchanged at 28% vs. last year and Oct-08; YTD: Oct-10  53%, Oct-09  50%,  Oct-08  60%.
  • Building Permits: YTD: Oct-10 up 21% vs. Oct-09 but down 37% vs. Oct-08.
  • Residential Building $ Value: YTD:  Oct-10 up 12% vs. Oct-09 but down 52% vs. Oct-08.
  • Commercial Building $ Value: YTD:  Oct-10 down 87% vs. Oct-09 and down 81% vs. Oct-08.
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