2019: April New Listings in Jackson Hole

What happened in April?

New Listings

We are on the front end of the busy spring/summer listing season here in Jackson Hole, as we see more and more properties coming to market each month, including 41 new listings in April. The overall dollar volume of these new April listings totaled $65 million, equating to an average listing price of just under $1.6 million, a slight dip from last month, but a number much lower than monthly averages typically seen in the past year. The median list price also dropped in April, down more than $200,000 from March 2019. While new listings in April were equally split between over/under $1 million, 17 of those new listings occurred in the $500,000 - $1,000,000 segment -- including townhomes in Town, The Aspens and Teton Village, and one single family home in Porcupine Creek, listed for $949,000. This comes as good news for local buyers, who have been frustrated with consistently low inventory levels in this segment. Demand remains strong and competition is high however, as over a third of April listings are already under contract.

New Listings

$64,900,500

New Listing Volume

33

Residential Listings

$1,582,939

Average List Price

$1,100,000

MEDIAN LIST PRICE

7%

under $500K Price Point

4

Listings over $3M

Stay a step ahead in Jackson's competitive market

If you are interested in particular location or type of property, please make sure I know about it so you don't miss out on any soon-to-be-listed and/or off market property options.
Note: All statistics are pulled from Teton Board of Realtors Multiple Listing Service for residential sales/listings in Teton County, WY for the dates specified above. It is estimated that sales outside of MLS account for an additional 10-20% of transactions/volume. Contact Katie for more details.

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