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…
High-End Sales Boost Jackson Hole Real Estate Market After Coronavirus Shock
Following the initial shock of the coronavirus outbreak and a now-recovering stock market drop, many affluent city dwellers have emerged from their lockdowns to seek getaways from their high-density neighborhoods. Jackson Hole’s luxury real estate market is a case in point. The listed-dollar pending sales volume for single-family homes and condos in Teton County nearly doubled in May to $102.2 million, up 96 percent compared…
Live Off the Grid in Luxury at This Remote Wyoming Family Compound
There are many luxury ranches for sale in Wyoming, but buyers would be hard pressed to find one offering the charmed, off-the-grid living promised by Shaw Ranch and its remote log cabin mansion. Located in Cora, Wyoming, at the foot of the Wind River Range, Shaw Ranch features an extensive backup generator system, water rights from nearby New Fork Lake and six plots across 230…
How Jackson Hole Real Estate Fared Against Other Ski Towns in 2019
Jackson Hole is often ranked as the No. 1 ski resort in North America, but how does its real estate market stack up against other ski towns? Jackson Hole Sotheby’s International Realty and its sister Mountain West offices recently compiled the 2019 real estate metrics of 12 top ski towns in their Resort Report. We’ve scoured through the data to see how Jackson Hole ranks. …
What’s New After Another Record Year for Jackson Hole Real Estate?
Higher sales prices. Lower inventory. That general trend has continued for a decade now in Jackson Hole, leading to another record year of sales volume in 2019. But what was different last year that might be of interest to current buyers and sellers? Let’s look at the Jackson Hole Sotheby’s International Realty Year End 2019 Market Report to find out. Unlike 2018, the Number of…
