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…
Jackson Hole Real Estate Sales Cooled Toward Pre-Pandemic Levels in 2022. Prices Did Not.
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…
Inventory of Jackson Hole Real Estate Continued to Rise in Q3
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…
Inventory of Jackson Hole Real Estate Increased for the First Time in Two Years in Q2
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…
Lack of Jackson Hole Homes for Sale Sends Median Price Past $4 Million
The only thing that kept the Jackson Hole real estate market from another blistering sales record in the first quarter of 2022 was the fact that there are simply not enough homes available in the Tetons. With just 35 homes currently on the market, unsatisfied demand drove the median sales price to more than $4.0 million last quarter, a 38% increase year-over-year. But the extreme…
Jackson Hole Real Estate Sales Set Another Record in 2021. Will They Cool in 2022?
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…
Rising Prices, Sparse Inventory Persist in Jackson Hole’s Post-Pandemic Real Estate Market
Real estate prices in Jackson Hole rose 27% year-over-year in the first half of 2021, led by a sustained surge of demand since the pandemic and a lack of inventory. With 97% of Jackson Hole comprised of public land, the sparse listings on the market and appreciating prices limited the increase in units sold to only 68.9% compared to the dramatic slowdown at the height…
Jackson Hole Posts Top-Three Real Estate Numbers in Sotheby’s 2021 Resort Report
As if the allure of living in the mountains near ski resorts and limitless outdoor recreation was not already strong enough, the coronavirus pandemic made the remoteness of mountain towns irresistible to many homebuyers in 2020. Now able to work from home, a permanent change for many, these affluent professionals sought properties in lower-density havens across the Mountain West, creating unprecedented demand and a ubiquitous…
Pandemic Prompted Massive Jackson Hole Real Estate Sales Volume in 2020
As wealthier homebuyers sought a picturesque mountain escape from cities and other higher-density areas amid the coronavirus pandemic, the sales volume of Jackson Hole real estate absolutely skyrocketed in 2020. Total sales volume was $1.89 billion last year, doubling from the previous record year in 2019. While 2020 got off to a slow start with the initial uncertainty and lockdowns in response to COVID-19, sales…
Jackson Hole Real Estate Sales Volume Has Already Surpassed Its 2019 Total
As demand for real estate in Jackson Hole continued to skyrocket amid the pandemic-prompted urban exodus, Teton County saw its 2020 sales volume eclipse total 2019 volume in the third quarter. Not only that, but with $600 million in listings under contract, the valley could nearly double its real estate sales volume this year to around $1.8 billion. The desire for secluded property near Jackson…
