On behalf of our team of dedicated professionals at Jackson Hole Real Estate Associates, we are pleased to present our comprehensive market report for the third quarter of 2017. In this detailed report, you will find information on the market segments making up the Jackson Hole area. As the market leader in Jackson Hole, we […]
When comparing the first half of 2017 to the first half of 2016, the overall number of transactions increased 10%. The area furthest south of Jackson experienced the largest increase in transactions, up about 1200%. The Town of Jackson continued in popularity garnering the most transactions of any area in the valley with 115 […]
Single-family vacant lot sales spiked in the first six months of 2017 with 49 sales (up 75%). Meanwhile the average and median sale prices dropped, down 25% and 14% respectively, when compared to mid-year 2016. The drop in the average and median sale prices is a result of the spike in the number of vacant land sales under $1 million (up 143%). NOTE: […]
Condo/townhome sales experienced a slight increase, with 105 sales so far in 2017 (up 3%). Even though the average sale price increased 7%, the median sale price dipped, down 5% ($570,000) when compared to 2016. The decrease in the median sale price is a direct result of the increase in the number of sales under $300,000 (up 120%). […]
Demand for single-family homes continues to grow; yet sales are down 10% so far in 2017. Following suit, the median sale price decreased 10%. The decrease in sales reflects the lack of homes listed for under $1 million; as of July 1, only 28 homes were listed for sale under $1 million valley-wide (down 18%). […]
Single-family vacant land sales have reversed course with 23 sales in Q1 2017 (up 64%). Meanwhile, average and median sale prices were down 37% and 15% respectively when compared to Q1 2016. The decrease in average and median sale prices can be directly attributed to the increase in the number of vacant land sales under […]
Condo/Townhome sales have decreased for the second year in a row, with only 31 sales in Q1 2017 (down 21%). The average and median sale prices showed strong increases, up 38% and 18% respectively, when compared to Q1 2016. The decrease in the number of sales can be directly attributed to the lack of affordable […]
Single-family home sales, up 24%, reflected a healthy increase. In contrast, the average and median sale prices decreased in the first quarter of the year—35% and 15% respectively. The decrease in the average and median sale prices is the direct result of an increase in sales under $1 million (64%), and a decrease in the […]
When compared to 2015, the number of lot sales and dollar volume dropped 43% and 42% respectively in 2016. In contrast, the average and the median sales price tipped up 2%. As this segment of the market continues to struggle, expect little appreciation in 2017 valley-wide. The decrease in vacant land sales reflects the current […]
When compared to 2015, the number of sales dipped 8%, and the dollar volume dropped 15%. Bucking the trend, the median sale price rose 11%. Why? Supply and demand! This segment was the first segment to rebound after the recession, especially under $500,000. Consider 2013: 137 condo/townhomes sold for under $500,000 versus 77 in 2016. […]
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307.690.2295
270 W. Pearl Ave
Jackson, WY 83001
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