Town of Jackson: 2011 Sales Breakdown
The Town of Jackson had the most sales in 2011 compared to Teton Village, Westbank, Middle Valley, North Valley and South Valley with 111 single-family, condo, townhome or vacant lot sales.
Median sale price for single-family homes was $580,000 with a total dollar volume of $29.2 million.
Median sale price for condos/townhomes was $320,000 which is down 21% from 2010, however the number of sales are up by 22%.
Lots/Vacant Land: 6
Residential land sales averaged $224,000 with the most expensive lot selling for $350,000, and the least expensive lot for the entire valley of 0.22 acres at $193,900.
The Town of Jackson’s condo sales are significantly higher than 2010 and believed to be due to the convenience of living in town. At the same time, the increase could have a significant influence from investor purchases considering condo values are down by as much as 60%.
Of 87 distressed sales throughout the entire valley, 37 were in the Town of Jackson, which more than likely had an effect on a listing’s “Days on Market” considering time spent on a distressed sale is typically between 90 and 120 days.
The Town of Jackson is also being considered a hot spot for single-family homes with 44 sales. South of Town had 45.