Last year looked a lot like 2020 for Jackson Hole real estate sales, as affluent buyers continued to flock to the area’s open spaces and world-class outdoor recreation amid the pandemic.
The Jackson Hole real estate market set another all-time record in 2021, with more than $1.9 billion in total sales volume. Despite that astounding figure, the total number of properties sold actually dipped slightly – down 101 units, or 15% – from 2020.
While the decrease in unit sales can be partially attributed to very high prices and extremely low inventory (the average sale price has ballooned to more than $7 million and there were just 52 homes on the market to start 2022), it does raise the question of whether the Jackson Hole real estate market might start to temper this year. December 2021 saw the lowest number of unit sales in the entire year, with just 37 closings.
Time will tell. But even if prices do cool as we continue to crawl back toward post-pandemic normalcy, they’re unlikely to do so significantly, with remote work becoming permanent for many professionals and Wyoming’s position as one of the most tax friendly states in the country.
You can learn more about real estate sales last year, and drill down into homes, condos, ranches and land sold, in the Jackson Hole Sotheby’s International Realty Teton County, Wyoming Market Report for Year End 2021 below.