The 2021 Third Quarter Market Report is officially in!
Living in Jackson Hole continues to be highly desirable (to no surprise) and the market is tracking slightly above the numbers we experienced this time last year. More homes are entering the Luxury Segment of the market (above $3M) and the average and median sales prices for Single Family Homes checked in at $4.1M and $2.9M, respectively. Clearly, demand for local estate continues and inventory that is priced properly sells quickly and oftentimes with multiple offers. This quarter, non-reported transactions were on the rise, with 31% of sales occurring outside of the MLS. Meaning now more an ever, it is important to manually track ALL Teton County real estate sales—a standard we’ve upheld from our days as Jackson Hole Real Estate Associates, and onward as Compass Jackson Hole.