As we enter the spring/summer months, many new listings have come onto the market in Teton County. Since May 1, 2014, there have been 90 new residential listings and 40 new building lot listings. There have also been 7 new commercial listings. RESIDENTIAL LISTINGS: Ninety new residential listings have hit the market since May 1st with an average listing price of […]
Monthly Market Update for June 2014 Jackson Hole, WY What Sold in May 2014? 31% :: Percentage of single family home sales (down from last month’s 34%, lower than usual) 40% :: Percentage of condo/townhome sales (down from last month 46%) 29% :: Percentage of Land Sales (higher than average this month) 0% :: Percentage of distressed property sales (NO […]
Monthly Market Update for June 2014 Jackson Hole, WY Summary – May 2014: 35 :: Total residential sale transactions (identical to last month) $25,000,000 :: Total residential sales volume reported to MLS (less than last month’s $29 million) $918,000:: Average sales price of reported sales (up again from last month’s $892k) 95% :: Ratio of sales price to list […]
Housing in Teton County has been an important issue for many years. The Jackson Hole area, and the housing options it offers, is very unique. First of all, the available supply is extremely low. Over 97% of land in Teton County is publically owned (by the State, the County, the National Park, the National Forest, […]
Prices seem to be going up. Inventory is definitely down. It may be the lowest in decades. New listings hitting the market seem to be higher than we’ve seen in recent years. Is low inventory temporarily increasing demand and pushing prices up? For this month’s Market Focus, I analyzed 4 different market segments comparing sales […]
Monthly Market Update for May 2014 Jackson Hole, WY What Sold in April 2014? 34% :: Percentage of single family home sales (up from last month (28%) but still lower than usual) 46% :: Percentage of condo/townhome sales (down from last month (52%) but still higher than usual) 20% :: Percentage of Land Sales (typical) 0% :: Percentage of distressed […]
Monthly Market Update for May 2014 Jackson Hole, WY Summary – April 2014: 35 :: Total residential sale transactions (identical to last month) $29,000,000 :: Total residential sales volume reported to MLS (up $2 million from last month) $892,000:: Average sales price of reported sales (up slightly from last month’s $847k) 94% :: Ratio of sales price to list […]
Potential buyers (or anyone that has been following the Jackson real estate market) have seen how few home purchase options are available right now. It’s typical that inventory levels dip in late winter/early spring as the existing inventory has been absorbed and many potential Sellers are waiting for warmer weather (and greener lawns) to list […]
Monthly Market Update for April 2014 Jackson Hole, WY What Sold in March 2014? 28% :: Percentage of single family home sales (significantly lower than usual – down from 48% in Feb) 52% :: Percentage of condo/townhome sales (significantly higher than usual – up from 30% in Feb) 20% :: Percentage of Land Sales (close to normal) 0% […]
Monthly Market Update for April 2014 Jackson Hole, WY Summary – March 2014: 35 :: Total residential sale transactions (up 25% from last month’s 27) $27,000,000 :: Total residential sales volume reported to MLS (up $7 million from last month) $847,000:: Average sales price of reported sales (down $100,000 from last month) 96% :: Ratio of sales price […]