With continued low inventory and higher interest rates hindering activity, much of the third quarter of 2024 looked similar to the past couple years on the Jackson Hole real estate market. But September brought a spark, with Teton County, Wyoming reaching 40 transactions for the first time since December 2021, at the end of the pandemic-fueled real estate surge. That flurry came despite slightly less…

Mountain towns may have seen less unit sales recently compared to the pandemic buying frenzy of 2020 and 2021, but demand for property near renowned resorts continues to drive price increases. Across the 17 Mountain West resort communities analyzed by Jackson Hole Sotheby’s International Realty and its regional partners in their 2024 Resort Report, the average real estate sales price rose by 12.42% in 2023…

Reflecting national trends, last year saw a market stalemate in Jackson Hole real estate, as buyers waited for interest rate hikes to settle, and potential sellers held onto their properties to avoid those higher rates when financing their next property.  Units sold in Jackson Hole decreased by 3.3% in 2023 compared to the previous year. A lack of snow to start the winter appeared to…

Despite four additional interest rate hikes from the Fed this year, the number of real estate transactions in Jackson Hole has virtually matched last year through the first nine months of 2023. There have been 204 closings in Teton County, Wyoming, this year, compared to 203 closings through the same period in 2022.  Powered by luxury real estate transactions of more than $5 million that…

Rising interest rates and a post-pandemic hangover have slowed activity on the Jackson Hole real estate market over the past year, but this summer signaled a change. In June, July and August of 2023, total real estate transactions in Teton County, Wyoming, rose by 52.8% compared to the same period last year, according to monthly statistics from the Teton Board of Realtors. The increase in…

With sales at the high end of the market leading the charge, the average sales price of a single-family home in Jackson Hole increased by 19.6% year-over-year in the first quarter of 2023, to more than $5 million. Though overall sales volume rose by $10 million to $212 million, total transactions dipped slightly from 59 to 54 units – a 8.47% decrease – as higher…

Jackson Hole and LIV Sotheby’s International Realty have released their 2023 Resort Report, and once again, a few real estate figures from Jackson Hole jump off the pages. Of the 17 Mountain West resort communities analyzed, Jackson Hole trailed only Aspen, CO in average sales price, coming in at more than $3.5 million.  The real estate market in the Tetons has generally followed trends across…

Last year marked a cooling of a supercharged Jackson Hole real estate market fueled by the pandemic, but the impact on pricing looks to be persistent.  Real estate transactions in Teton County, Wyoming fell by 53.1% in 2022, from 580 units in 2021 to 272 units. Total sales volume decreased by 49.6% year-over-year to $961.4 million, but that number is still above the pre-pandemic total…

The Jackson Hole real estate market showed continued signs it is moving toward a more balanced dynamic between sellers and buyers in the third quarter. After a few years of record low inventory due to high demand, the number of listings in Teton County rose for the second-straight quarter in 2022.  There were 113 single-family homes on the market at the end of September, a…

It’s been a wild ride for Jackson Hole real estate since the pandemic, as sky-rocketing demand and lack of inventory have driven sales prices and volume to historic heights. But there are signs that we may be cooling down to a (slightly) more balanced market.  For the first time in two years, inventory in Jackson Hole is increasing – it rose 20% year-over-year in the…