A home can be any dwelling from a studio condominium to a sprawling mansion, but most people's idea of a home, and the meat of the Jackson Hole residential market is a freestanding single-family house. There are currently 285 single-family homes listed in Teton County Multiple Listing Service, or about 62 percent of the 455 residential properties. Active condo listings, for comparison, number 125,...
Market statistics
For the first time since 2007, Jackson Hole real estate unit sales reached 100 during the first four months of the year. After 23 sales in April for a total sales volume of approximately* $32 million, Teton County sales in 2011 now exceed $122 million, not far behind the $130 million recorded during this time period in the final “bubble” year of 2008. April 2011 also easily outperformed April 2010,...
The supporting data is piling up and the trend lines are clear. By all metrics, it can now be considered a buyer’s market for Jackson Hole real estate. One of the earliest lessons of my real estate career was a version of the “Four Stages” theory of home sales. Some break down the dynamics of the sales cycle into six, nine or as many as 10 stages, but they all say the same thing: when prices have...
With more than a week remaining in March, the 13 residential and three building site sales reported in Teton County, WY, have already exceeded the total of 11 recorded in March 2010, assuring yet another strong month in the Jackson Hole real estate market compared to the depths of 2009. Ironically, it is also encouraging that the average sales price has been trending slightly downward in recent months....