2019: June New Listings in Jackson Hole

What happened in June?

New Listings

Over 100 new listings hit the market in June for the second month in the row as the busy summer selling season continues in Jackson Hole. While June and May were similar in their number of new listings, their volume certainly was not. June saw nearly $440 million in listing volume, approximately double the volume seen in May for a similar number of listings. One particular new listing certainly tipped the scales - a 7 parcel assemblage totaling nearly 300 acres along the Snake River, listed for a cool $80 million. However, even without that listing, June 2019 had by far the highest monthly listing volume seen since I began tracking volume in June 2015. As expected, the average listing price jumped up in June to just over $4 million, however the median listing price was up as well, reaching $1,845,000. To put that in perspective, compare it to the busy summer selling season of 2018, when median list prices were in the $1.6 million range. In addition to the $80 million listing, there were four other new listings in excess of $15 million including two homes in Fairway Estates north of town, a home in Teal Trace in Wilson and a large ski chalet in Teton Village at the base of Jackson Hole Mountain Resort. The influx of luxury listings didn't stop there, with 9 additional listings priced over $5 million entering the market last month. While June saw a similar number of listings coming online in the local's market ($500,000 to $1,000,000), only 2 new property options came on under $500,000 (compared to 11 in May).

New Listings

$439,163,000

New Listing Volume

17

Vacant Lot Listings

$4,222,721

Average List Price

$1,845,000

MEDIAN LIST PRICE

75%

over $1M Price Point

2

Listings under $500k

Stay a step ahead in Jackson's competitive market

WE ARE RIGHT IN THE MIDDLE OF THE BUSY SUMMER SELLING SEASON WITH NEW LISTINGS HITTING THE MARKET EVERY DAY, MANY SELLING QUICKLY EVEN BEFORE THEY OFFICIALLY HIT THE MLS. IF YOU ARE INTERESTED IN PARTICULAR LOCATION OR TYPE OF PROPERTY, PLEASE MAKE SURE I KNOW ABOUT IT SO YOU CAN STAY AHEAD OF THE MARKET. 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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