On behalf of our team of dedicated professionals, we are pleased to present our 2017 quarter 3 market report.
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. Curious? Contact us
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From Jackson Hole Real Estate Associates
When comparing the first three quarters of 2017 to the same period in 2016, the Jackson Hole real estate market remained steadfast. With inventory in short supply (down 11%), the number of transactions kept pace with last year. Nonetheless, demand for property in Jackson Hole remained very strong, which contributed to the increase in average sale price. The price segment with the most market share was the $500,000 – $1 million price segment with 37% of total transactions. The Town of Jackson had a 7% increase in transactions. The area furthest south of Jackson experienced the largest increase in transactions, up about 50% over last year. Approximately 43% of the transactions this year were cash transactions.
The overall market continued to experience a lack of inventory, down 11%. New, realistically-priced properties sold the quickest. In fact, the average number of days a property was on the market dropped 28% when compared to a year ago.
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