Summary of Real Estate Sales Statistics for July 2013 in Jackson Hole

Monthly Market Update for August 2013

Jackson Hole, WY    

Summary – July 2013:

  • 45 :: Total residential sale transactions (similar to last month (41), but a dip from May’s high of 61)
  • $47,000,000 :: Total residential sales volume (similar to last month ($44m), but a dip from May’s high of $68m)
  • $734,579 ::  Average sales price (down again from last month’s $948,000)
  • 96% ::  Ratio of sales price to list price (up from last month’s 94%)
  • 224 ::  Average days on market prior to selling (down significantly from the last few months)

What it means: The trends and statistics for the month of July were very similar to June, suggesting a leveling out from May’s high point. By adding 3 unreported sales to the MLS data (approx value of $18 million), our total sales volume reaches a level similar to June.  The average sales price dropped again this month to $734,579 (a lower than average value), helped in part by several land and condo/townhome sales under $500,000 (see “What Sold”). Sales price to list price ratio rose slightly to 96%; meaning on average, buyers are purchasing homes for 4% less than the latest listing price. Average days on market dropped over 30% from last month. This is a result of many well priced properties (in all price ranges) that sold very quickly (See “Market Focus”).

Please visit the Monthly Market Update tab for the entire August Market Report.

Interested in learning more? Email me at katiecolbert123@gmail.com for more information on anything real estate related – a history of a specific property, a market update on your neighborhood, a mortgage payment calculation for a certain price range – I’m happy to help! Please also consider following me on social media for up to date new listings, market stats and Jackson Hole real estate news.