2019: March Sales in Jackson Hole

What happened in March?

What Sold

There was an uptick in sales last month with 30 transactions occurring in March, however sales volume dropped slightly, down to just under $58 million. As a result, both the average and median sales prices were down in March, as nearly 50% of property sales occurred under $1 million. Properties that sold in March had only been on the market for an average of 147 days, the shortest monthly marketing time seen since Oct 2018. Demand remains high as half of March sales were on the market for less than 90 days before closing. Sellers appeared to be motivated this winter, as properties sold at 95% of their listing prices in March, only the second time this monthly ratio has dipped below 96% in the past 17 months. Single family homes represented over half of all sales in March, while only 2 building sites sold – a 31 acre lot on Saddle Butte and a rarely available vacant lot in Cottonwood Park.

Real Estate Transactions

$57,814,192

Total Sales Volume

95%

Average Sold:List Ratio

$1,250,000

MEDIAN SALES PRICE

53%

Single Family Sales

33%

of property sales between $1-3M

6

TRANSACTIONS OVER $3M

Thinking of Selling?

Should you wait until the snow melts? Buyers are ready to buy and inventory is low, however some properties do sell better when the grass is green. Contact me for a opinion of your property's market value and an analysis on the best time to sell.
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.

Leave a Reply

Your email address will not be published. Required fields are marked *