Transactions/Sales Volume – What Sold?
Average Sales Price
Total Sales Volume
Both real estate sales and overall dollar volume are down compared to the second quarter of 2018. After outpacing 2018 in April and May, recent low transactions in June 2019 resulted in an overall slight drop of 6 fewer sales in Q2 2019. Overall sales volume during the same period dropped 45% from Q2 2018, with each month in 2019 recording lower dollar volumes. However, the large quarterly drop was a result of a very strong April 2018, which saw $118 million in sales, the highest monthly volume in all of 2018. While the average monthly average sale price was dwarfed by April's high-dollar volume numbers, the other months in Q2 2019 also trailed monthly averages seen in Q2 2018. The median sales price was off each month as well, never exceeding $1,000,000 in the second quarter of 2019. The majority of sales in the second quarter of this year were in the "local's market" range of $500,000 to $1,000,000, beneficial for local's looking to get into, and move up in, the Jackson Hole market. While there was a decline in quarterly property sales in the $1-3 million range in Q2 2019, there was a significant increase in high end sales, with twice as many sales occurring over $3 million in the second quarter of this year. Q2 2019 also saw a significant increase in sales under $500,000, no doubt thanks to the recently remodeled Virginian Village, which accounted for 15 of the 28 sales in the second quarter.
Want to know more?
Contact Katie to further discuss market stats and trends and how it affects Jackson Hole property values.
New Listings – What’s New?
AvERAGE LIST PRICE