Sale Statistics for the Jackson Hole Real Estate Market – August 2014

Monthly Market Update for August 2014

Jackson Hole, WY

Summary – Aug 2014:

53 :: Total residential sale transactions (up significantly from last month’s 40)
$45,400,000 :: Total residential sales volume reported to MLS (up again from last month’s $38 million)
$957,000:: Average sales price of reported sales (down slightly from last month’s high)
96% :: Ratio of sales price to list price (same as last month)
180 :: Average days on market prior to selling (down from 293 days)

What it means: This summer officially ended on a high note! Transactions were up 32.5% from last month and were the highest reported since almost a year ago (57 in Oct 2013). Reported sales volume was up $8 million compared to last month (with another $5 million in estimated sales volume from sales with undisclosed prices). Sales volume was at the highest level since Nov 2013 ($58 million in reported sales volume). See Charts below. The average sales price held strong at $957,000, down slightly from July’s 8-month high of $1,075,000. The sale price to list price ratio remains high at 96% illustrating that properties continue to sell very close to their listing price (on average). Average days on market were down, suggesting that a good amount of summer inventory has sold. In fact, in the month of August, 23 properties sold within 3 months of hitting the market – representing 43% of all properties sold.