2019: October Sales in Jackson Hole

What happened in October?

What Sold

The Jackson Hole real estate market does not appear to be slowing down one bit as October sales (58) kept pace with a busy end of summer. Total sales volume topped $100 million for the third month in a row! - An unprecedented stretch not seen in our recent market (since I began tallying stats in 2013 anyway). The average sales price of $1.87 million was a slight increase from September but was still below the high of $2.022 million from August 2019. Median sales price remained steady at just above $1.1 million. The average days on market increased after a low of 111 days in September, however properties were still selling at 96% of list price on average. In particular, 15 properties (25% of all sales) sold AT or ABOVE their listing price in October. Single family homes represented an even 50% of all October sales, while land purchases showed no signs of slowing, accounting for 14% of all sales for the second month in a row. Properties selling under $500,000 increased in October thanks to several sales of the last remaining Virginian Village condos in the Town of Jackson. The majority (43%) of all sales occurred in the $1-3 million price point for the third month in a row. The high-end segment of the market remained strong with 8 more sales over $3 million, accounting for a solid 14% of sales seen in October.

Real Estate Transactions

$108,812,139

Total Sales Volume

152

Average Days on Market

$1,157,500

MEDIAN SALES PRICE

50%

Single Family Sales

57%

of property sales over $1M

7

TRANSACTION UNDER $500,000

Thinking of Selling?

AS NEW INVENTORY ENTERING THE MARKET GOES DOWN, BUYERS OPTIONS ARE DWINDLING. IF YOU ARE THINKING ABOUT SELLING, NOW MAY BE A GOOD TIME TO CAPTURE INTERESTED BUYERS ATTENTION. CONTACT ME TO CHAT ABOUT YOUR PROPERTY'S VALUE IN TODAY'S MARKET.
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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