Unfazed And Yet Not Able To Shoot Up
While the economy of the state has witnessed a major slump in recent years, the property market has remained pretty much unscathed. Even though the unemployment levels of the state have reduced, they are still much higher than the national average. This is one of the major reasons that the real estate industry of the state has not been able to grow at the pace that it should. Even though the real estate prices have witnessed crazy fluctuations over the past few years, they are expected to stabilize in the coming year. The more expensive Wyoming homes are found in Gillete. Evanston, Gillette, Rock Springs, Casper and Green River are considered to be the best cities for families. On the other hand, singles prefer the cities of Jackson, Riverton and Laramie.
Real Estate Is Very Much In Demand In Wyoming
The Wyoming Real Estate is majorly divided in between urban housing areas and un-spoilt wilderness. This adds to the area’s charm and makes property and real estate of the state in demand. Unlike most of the country, the property prices in Wyoming have constantly been on the rise. The prices for single family homes have been increasing tremendously and their effects can be felt every month. On the other hand, condo prices have dropped below $175000. The average list price of a property in Wyoming is $135000 and the state offers numerous types of property to suit every wish. Furthermore, there are various lots which are larger than 100 acres as well. This has led to a major surge in interest amongst investors and commercial businesses. One of the most popular sales in the recent past was that of the entire town of Buford. The entire town was sold for $900000 and attracted investors from all over the globe.