What happened in September?
What Sold
Real Estate Transactions

$291,992,827
Total Sales Volume

150
Average Days on Market

$1,525,000
MEDIAN SALES PRICE

52%
Single Family Home Sales

74%
of property sales over $1M

27
TRANSACTIONS OVER $3M

Thinking of Selling?
Early concerns that the coronavirus would slow down the Jackson Hole real estate have not come to fruition. In fact the opposite has occurred with out of town buyers flooding the real estate market seeking an "escape" from city life. We are seeing properties sell more quickly and for higher prices as a result. Sellers have a unique opportunity to take advantage of this unprecedented level of demand. Please reach out for an informal discussion; let's chat about the exploding Jackson Hole real estate market and how it affects your property's value.
New Listings
Despite the hot real estate SALES market, new listings dropped off in September, with only 65 properties hitting the market, effectively replacing only 2/3 of the properties sold in September. This marks only the third time this year where monthly new listings have been LESS than monthly sales, and definitely the most dramatic difference. While September saw 25 fewer sales then August, the listing dollar volume was significantly more, reaching $20 million higher than last month. This resulted in an average listing price in excess of $4.2 million as 33 properties came onto the market priced over $3 million and a staggering 9 new listings in excess of $10 million! The median listing price was also up, nearly doubling from August ($1.6 million) and topping $3 million for the first time since I've been recording these statistics.
New Listings

$276,805,500
New Listing Volume

23
Vacant Lot Listings

$4,258,546
Average List Price

$3,075,000
MEDIAN LIST PRICE

0
listings under $500,000

33
Listings over $3M
