2018 Jackson Hole Real Estate Summary & 2019 Forecast

Summary: Jackson Hole Real Estate & 2019 Forecast Market Analysis Real Estate Sales in Jackson Hole – Past 5 years The Jackson Hole real estate market’s 5 year history goes something like this…. The market spiked significantly from 2014 to 2015 with sales increasing slightly (4%) and dollar volume jumping by 23.5%. Then in 2016 sales slowed and overall dollar volume dropped 15%. Many argued we had reached the “peak” in 2015. In 2017, sales dropped again, but this time dollar volume actu...
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2018: Year End Review – Jackson Hole

2018: Transactions/Sales Volume – What Sold? $1,892,471 Average Sales Price $934,880,606 Total Sales Volume Market Analysis Wow – what a year! The real estate market in 2018 saw nearly 500 transactions totaling $934 million in dollar volume*. To put that in perspective, compare it to last year, where 436 sales produced $676 million in sales volume. So, from 2017 to 2018, the number of real estate sales increased by 13% but the total dollar volume increased by 38%. So what does that ...
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2018: Q4 Market Update & Review for Jackson Hole

Transactions/Sales Volume – What Sold? $1,993,477 Average Sales Price $259,152,032 Total Sales Volume Market Analysis Real estate transactions were up slightly in Q4 2018, recording 130 sales (vs. 123 in Q4 2017). In comparing month over month, even though 2018 saw a lower number of sales in both November and December, the 53 sales in October 2018 helped the 4th quarter overall. Sales volume in Q4 2018 was up 20% compared to Q4 2017, recording $260 million in sales. Even though 2018...
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2018: December New Listings in Jackson Hole

What happened in December? New Listings Identical to November, 31 new listings hit the Jackson Hole market in December, the lowest levels seen since the early months of 2018. However, the overall dollar volume of the new December listing topped $100 million for the first time in the 4th quarter. Helped by several high-end listings in Ely Springs ($17.8m), Bar-B-Bar ($8.75m) and Ellen Creek in Teton Village ($8.5m), the average listing price was nearly $3.3 million in December. The median li...
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2018: December – What Sold in Jackson Hole?

What happened in December? What Sold 2018 ended somewhat quietly in the Jackson Hole real estate world. Down from 45 sales in November, December recorded only 32 sales, the lowest monthly total since April 2018. Sales volume was also down, reaching just over $66 million, the lowest volume seen since March 2018. While the average sales price was just above $2 million, the median sales price (a more accurate indication of “middle of the road” values) came in just above $1 million in December,...
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2018: November New Listings

What happened in November? New Listings Both new listings and new listing dollar volume were down in November, a month typically slower for new listing activity. Only 31 new properties came onto the market last month, roughly one third of new listings seen in the high month of May. Total new listing dollar volume still topped $60 million in November as 4 new homes priced over $3 million hit the market, including two homes in excess of $10 million – a 4,000 square foot house and adjoining lo...
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2018: November – What Sold?

What happened in November? What Sold November recorded 45 real estate sales, down from last month (53 sales) and also down from November 2017 (50 sales). However, despite having 8 fewer transactions than October, the sales volume in November was $10 million higher. In fact, November was only the third month all year where total sales volume exceeded $100 million. This spike in total volume was helped by 3 large sales: 2 houses in the exclusive Indian Springs neighborhood (both listed slight...
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2018: October New Listings

What happened in October? New Listings While increasing slightly from September, the 46 new listings in October represent only half of the listing levels seen in the busy summer months. Despite the modest increase in the number of new listings, the overall dollar volume of those new listings ($84 million) dropped significantly from September ($148 million), representing only a quarter of the volume seen in the height of the summer. As a result, the average new listing price in October was a...
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2018: October – What Sold?

What happened in October? What Sold October saw a spike in real estate sales, recording 53 transactions – the second highest monthly transaction total in 2018. Overall sales volume increased at a similar rate, reaching just over $91 million in the month of October. While the average sales price remained similar to September, the median sales price dropped $400,000 (down 28%) to just above $1 million, as nearly 50% of all sales fell in the sub $1 million price point. The average days on mark...
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New Listing :: 4 bedroom home in Wilson

New Listing :: Cozy 4 bedroom home in downtown Wilson Property Details 1,967 sq feet 4 bedrooms / 2 full baths South facing Sunroom Large loft above 2 story master bedroom Hardwood floors & wood stove Private backyard backing up to Wilson Schoolhouse Cozy yet inviting 4-bedroom home in an ideal location on the quiet end of West St in downtown Wilson. This home exudes “old Wilson charm” with hardwood floors, a wood burning stove, and a private fenced backyard with mature Aspens tre...
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