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…

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…

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…

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…