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....
Jackson Hole Sotheby’s
At the end of 2009, the yearly real estate sales chart for Jackson Hole properties looked like a ski run on a hanging snowfield. Beginning with the peak in 2005 of more than $700 million in sales, the numbers steadily deteriorated to approximately $225 million in sales in 2009. But what lay below? A cliff, level ground or a return to the “heights” of relatively mediocre sales years like 2003? With...
The following stats were provided by the Chamber of Commerce and compiled internally at Jackson Hole Sotheby’s. Only a few are directly related to real estate, but all play a role in the greater regional economy. Overall, most of the figures mirror the Jackson Hole real estate market: stable and better than 2009, but still struggling to regain the mojo of the middle of this decade. However, there is...
October real estate sales in Jackson Hole were strong, totaling approximately $29.4 million on 24 completed transactions. However, the month fell short of October 2009, the strongest month of that year, when there were 29 transactions for approximately $37.2 million, according to Teton County Multiple Listing Service. As has been the trend this year, the high end of the market (sales above $1.75 million...