Jackson Hole Market Report Midyear 2022

The Jackson Hole real estate market re-balances after 24 months of heated demand and low inventory.

The local real estate market is shifting, and quickly at that. In the past 2 years, the lack of inventory has drastically impacted total dollar volume, average sales price and days on market. In the first half of 2021 total dollar volume rocketed to $1.2B, an unprecedented level.

The demand for Teton County real estate was fueled by the pandemic driven desire for rural living and increased interest in the western mountain region. Multiple offers and over-asking price sales became commonplace and many listings were on the market for only a matter of days before they were snapped up by desperate buyers.

Experience Jackson Hole: Summer 2022

We are pleased to present Experience Jackson Hole: The Catalog of Fine Properties and Lifestyles for Summer 2022. Inside you will find a selection of exceptional properties from across the region, as well as a look at the way of life unique to Jackson Hole and the Greater Grand Teton area.

Jackson Hole Market Report Year End 2021

The year-end numbers are IN and they clearly illustrate that the Jackson Hole real estate market was in no position to slow down in 2021. The rocky mountain west simply has the desirable lifestyle attributes of freedom, recreation and open space that continues to draw attention and interest.

Overall in Teton County, the number of transactions were flat, up only 1%. The area that showed the most increase in transactions was the Town of Jackson. But, with a growing average sales price in all categories of the market the overall Total Sales Volume for 2021 increased 17% to nearly $2.8B. Inventory is still trending down, limiting buyer choices and pending listings are down significantly by over 50%.

Catalog of Fine Properties: Winter 2022

We are pleased to present Experience Jackson Hole: The Catalog of Fine Properties and Lifestyle for Winter 2022. Inside you will find a collection of exceptional properties, as well as a look at the people, organizations and lifestyles unique to Jackson Hole and the Teton Region.

Jackson Hole Market Report | 3rd Quarter 2020

I am pleased to present the 2020 Third Quarter Market Report for the Jackson Hole area. Assembled from Jackson Hole Real Estate Associates’ proprietary database, the most extensive source of information about the region’s real estate market, and insight from our dedicated team of professionals, the report provides valuable insight into the market segments that make up the Jackson Hole area.

For more information, or to learn more about specific market details, contact Bomber.

Jackson Hole Real Estate Market Report | 2020 Quarter 1

I am pleased to present the 2020 Quarter One Market Report for the Jackson Hole area. Assembled from Jackson Hole Real Estate Associates’ proprietary database, the most extensive source of information about the region’s real estate market, and insight from our dedicated team of professionals, the report provides valuable insight into the market segments that make up the Jackson Hole area.

jackson hole real estate market report

Jackson Hole Real Estate Market Report | 2019 Quarter 3

I am pleased to present the 2019 Quarter 3 Market Report for the Jackson Hole area. Assembled from Jackson Hole Real Estate Associates’ proprietary database, the most extensive source of information about the region’s real estate market, and insight from our dedicated team of professionals, the report provides valuable insight into the market segments that make up the Jackson Hole area.

The Jackson Hole market in continues to show stability particularly in the single family home segment. At the end of the third quarter of 2019, despite a 20% drop in number of homes sold, the average sale price increased 13% year-over-year. During the same period in 2018, the average sale price gained 7% indicating a sustained period of steady, consistent growth. The median price also grew by 17% indicating that the higher-end sector was more active. Once again, the market at the mid to low end of the price spectrum is negatively impacted by the lack of inventory. This lack of inventory also impacted the $2-5M range. Nationally, prices grew at a relatively flat 4%.

The overall year-over-year housing statistics for the greater Jackson Hole market continue to show a modest cooling off vs. the banner year of 2018. Using our proprietary database accounting for sales that were not reported through the Teton County MLS, the total dollar volume dipped 10% over prior year through the end of quarter 3. This is an improvement over mid-year numbers where total sales volume dipped 16%.

Jackson Hole Real Estate Associates exclusively owns and maintains the valley’s oldest and most comprehensive database. Our market report, unlike others in the area, is derived from this proprietary, forty-year old database (not just MLS data) and draws on our brokerage’s decades of success, making it the most trusted and accurate real estate report in the region.

For more information, or to learn more about specific market details, contact Bomber.

Jackson Hole Real Estate Market Report | Quarter 3 2018

Jackson Hole’s real estate market remains on a strong path through the third quarter, with 12 percent more sales and a 13 percent increase in median sale price compared to the same period last year. Rising prices have caused supply of properties under $500,000 to dwindle, which is apparent in the 21 percent decline in transactions below that price point.

The most sales took place in the $500,000 to $1 million segment, which accounts for more than one-third of sales this year. The $2 million to $5 million segment notched the largest gain in transactions, up 83 percent compared to a year ago.

The Town of Jackson continues to lead the area by far in sales volume. Even so, overall, inventory fell again, down nearly 20 percent, which contributed to a 16 percent decrease in the average property’s days-on-market.

Jackson Hole Real Estate Market Report | Q3 2017

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 have developed a more dynamic report that sheds fresh light on the insights and trends that are shaping our real estate market.

Jackson Hole Real Estate Market Report | Midyear 2017

 

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 transactions. The price segment with the most market share was the $500,000 – $1 million price segment, 40% of the transactions. Approximately 40% of the transactions in the first half of 2017 were cash transactions.

The lack of inventory continued to be a significant issue in the Jackson Hole real estate market. As of mid-year 2017, there were 12% fewer listings when compared to this time last year. The inventory shortage was a contributing factor in increased sale prices, average sale price was up about 5%.