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Quarter 4 Market Report

January 17, 2017

We are pleased to present the Quarter Four Market Report-

The overall market trends continued in 2016. The average and median sale prices remained strong with a 3% and 2% gain, respectively. The decrease in number of transactions and increase in average and median sale prices can be attributed to the continued shortage of inventory, down about 13% when compared to 2015. Another indicator was the decrease in average days on the market; properties sold 10% faster in 2016 than they did in 2015. The number of transactions in 2016 decreased when compared to 2015, with about 13% fewer transactions. Transactions in the under $500,000 price segment were sporadic with about 31% fewer transactions. The majority of transactions took place in the $500,000-$1 million price segment.

The number of active listings dropped in 2016, down 13% compared to 2015. Low inventory continued to be a factor in the supply and demand of Jackson Hole’s real estate market.

See the full report below, or click here.

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Our Team

Karen Terra

Founding Partner, Associate Broker
(307) 690-8186
karen.terra@compass.com

Matt Faupel

Founding Partner, Associate Broker
(307) 690-0204
matt.faupel@compass.com

Julie Faupel

Founding Partner, Associate Broker
(307) 690-0812
julie.faupel@compass.com

Mack Mendenhall

Founding Partner, Associate Broker, GRI
(307) 690-0235
mack.mendenhall@compass.com

Emily Eldredge

Associate Broker
(307) 732-7476
emily.eldredge@compass.com

Tess Hartnett

Sales Associate
Contract Coordinator
(541) 385-2410
tess.hartnett@compass.com

Allie Detwiler

Marketing Manager
(307) 249-3030
allie.detwiler@compass.com

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Graham-Faupel-Mendenhall & Associates | 80 W. Broadway Ave | Jackson, WY 83001
307.690.0204 | 307.690.0235 | gfm@compass.com

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