{"id":1295,"date":"2014-01-28T14:46:45","date_gmt":"2014-01-28T21:46:45","guid":{"rendered":"https:\/\/www.jacksonholerealestatetoday.com\/?p=1295"},"modified":"2014-01-28T14:46:45","modified_gmt":"2014-01-28T21:46:45","slug":"town-of-jackson-leads-teton-county-real-estate-in-2013","status":"publish","type":"post","link":"https:\/\/briansiegfriedjh.com\/town-of-jackson-leads-teton-county-real-estate-in-2013\/","title":{"rendered":"Town of Jackson leads Teton County real estate in 2013"},"content":{"rendered":"
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Jackson Hole Sotheby’s will release this week a detailed analysis of real estate sales in 2013. Included in this post is a sneak preview of some of the major findings.<\/figcaption><\/figure>\n

No matter how you slice the numbers, Jackson Hole real estate sales in 2013 were robust with a 30 percent increase in unit sales (559) and a 10 percent increase in sales volume (approximately $659 million) compared to 2012*.\u00a0 These figures and much, much more are included in a Jackson Hole Sotheby\u2019s internal market research Power Point presentation to be released tomorrow and available to active clients upon request.<\/p>\n

The epicenter of last year\u2019s activity, just as it is the heart of heart of Jackson Hole and the only incorporated town in Teton County, was Town of Jackson, which comprised 37 percent of all residential and building site sales. Unit sales in town totaled 212, a jump of 38 percent compared to 2012.<\/p>\n

One of the keys to increased activity in town was a strong push by workforce housing and investment buyers that gobbled up anything priced below $400,000 in a matter of days. Even though values rose slightly in nearly all Jackson Hole neighborhoods in 2013, values were still down significantly from the heights of 2007, which kept the door open for those households within shouting distance of the region\u2019s median income. Favorable interest rates and a slightly improving economy also motivated more buyers to make their move in 2013 than in any year since 2007.<\/p>\n

Interestingly, however, the average sales price in Town of Jackson fell approximately 5 percent to about $579,000. In fact, average sales price dropped in nearly every corner of Teton County in 2013, sinking 15 percent across the board to $1.17 million. Hardest hit in average sales price was the South of Town market, which saw a decrease of 21.3 percent to approximately $819,000. This area includes Melody Ranch, Rafter J, South Park Ranches, Little Horsethief and Game Creek, among other neighborhoods.<\/p>\n

The dip in average sales price can be linked to far fewer high-end sales, in particular premium building sites. For example, Bar BC Ranch, a community of 35-acre+ building sites near the confluence of the Snake River and Gros Ventre River priced in the $8 million range, saw no sales in 2013 compared to four in 2012.<\/p>\n

Additional highlights from 2013 Jackson Hole real estate sales include:<\/strong><\/p>\n