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

Monthly Market Update for October 2013

Jackson Hole, WY

Summary – Sept 2013:

  • 49 :: Total residential sale transactions (back down after a high of 61 transactions in Aug)
  • $44,000,000 :: Total residential sales volume (back down after a 2013 high of $79m in Aug)
  • $833,000::  Average sales price (a 33% drop from last month’s $1.258m)
  • 94% ::  Ratio of sales price to list price (down again from last month’s 95%)
  • 321 ::  Average days on market prior to selling (similar to last month, which was also higher than usual)

What it means: The Jackson Hole real estate market slowed down a bit in September after a very busy August. Sales volume fell back to levels seen through most of 2013 at $44 million (see charts below). Likewise, the number of sales transactions in September fell to 49, a level typical to most of 2013 (see charts below).  Sales price to list price ratio dipped again down to 94%; meaning buyers are getting better deals and perhaps not facing as many multiple-offer situations (which inevitably drive up the sales price). The average number of days a home is on the market remained high at 321, as much of the older inventory continues to be absorbed due to low inventory levels. Twelve properties finally sold after well over a year on the market including a Love Ridge condo (1,508 days), the Miller Park Penthouse (770 days), a Pine Glades townhome (1,045 days) and a house up at Spring Creek Ranch (918 days).



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

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