2019: December Sales & New Listings

What happened in December? What Sold December was a slow month for real estate sales, recording only 34 transactions, the third slowest month in 2019. While not typically a busy selling month (December 2018 recorded 32 sales), the dollar value of December sales remained strong, with an average sale price just under $2 million. December saw 3 sales over $5 million including a 6,400 square foot contemporary home in the Snake River Sporting Club, and two 35 acre tracts in Bar BC Ranch. However...
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2019: May Sales in Jackson Hole

What happened in May? What Sold Sale transactions increased in May, recording 41 transactions, the highest monthly level so far in 2019. Dollar volume increased from April but was in line with previous months this year, suggesting that while more sales occurred in May, they were at lower price points. In fact, two thirds of May sales were under $1 million, with nearly 20 sales in the $500,000-$1,000,000 price point (commonly referred to as the "local's market"). While a few high sales pulle...
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2019: May New Listings in Jackson Hole

New Listings Listing activity exploded in May with over 100 new listings hitting the market last month. New listings in May of this year exceeded all of the busy summer months of 2018. In fact, the last time we saw over 100 new listings in a single month was back in July 2017. May's new listings totaled nearly $225 million, a  monthly dollar volume not seen since August 2018. Of the 101 new listings in May, 35 of them were for vacant land, an activity level not matched since May of 2014. These...
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New Listing :: Two bedroom condo in E Jackson

2 bed / 2 bath / 921 sq feet Property Details 2 bed / 2 bath Vaulted Ceilings Updated kitchen Large private deck Storage Covered Parking Adjacent to May Park Conveniently located in East Jackson, this spacious 2 bed/2 bath condo enjoys a large semi-private deck with western views. Great in-Town location adjacent to the new May Park and steps away from the hospital, Elk Refuge and Cache Creek trail system. Newly painted with vaulted ceilings, this property includes covered parking, has...
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2019 Q1: New Listings in Jackson Hole

New Listings – What’s New? $1,891,549 AvERAGE LIST PRICE $213,744,999 LIST PRICE Volume Market Analysis New Listings were up 15% in Q1 2019 compared to this time last year, as 113 new properties hit the market so far this year. Sellers, perhaps motivated by the hot market in 2018, were encouraged to list their homes at the start of 2019, with nearly half of the quarterly listings (55) coming onto the market in January, usually a slow month for new listings. The dollar volume of new li...
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2019 Q1: Sales in Jackson Hole

Transactions/Sales Volume – What Sold? $2,096,616 Average Sales Price $199,178,515 Total Sales Volume Market Analysis Overall real estate sales were down slightly in Q1 2019, recording 6 fewer sales than Q1 2018. While January and March 2019 saw a high level of sale activity, an unusually slow February, when only 26 properties sold, pulled down the total transactions for the quarter. Despite slightly fewer sales this year, overall dollar volume actually increased 50% from Q1 2018, j...
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2019: March New Listings in Jackson Hole

What happened in March? New Listings After a slow and quiet February, new listings picked up in March with 36 new properties hitting the market totaling $62M – double the sales volume seen last month! The average listing price increased to $1.7M and the median listing price also increased, up to $1.32M from a low of $997,000 in February. The dramatic increase in listing volume was helped not only by 5 high-end listings in Flat Creek Fishing Club, Crescent H, Bar B Bar and Teton Village, but...
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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 Ma...
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New Listing :: Remodeled 4 bdrm townhome in Town

4 bed / 3.5 bath / Garage in downtown Jackson Property Details 4 bed / 3.5 bath / 2,015 sq feet One car attached garage Remodeled in 2014 Sold furnished Snow King Views Great location in the heart of Jackson, one block from Snow King Mountain Live the Jackson Hole lifestyle - be in the center of the action! Remodeled in 2014, this 4 bedroom, 3.5 bath townhome is located in the heart of downtown Jackson, within two blocks of both the Center of the Arts and all the amenities of Snow Ki...
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2019: February New Listings in Jackson Hole

What happened in February? New Listings After a very strong start to the year, where 55 new properties hit the market in January, new listing activity slowed significantly in February with only 22 new properties coming to market. This represents the lowest new inventory level since Nov 2017. The price point of February’s new listings were also lower than usual, with 8 condos hitting the market priced under $500,000. As a result, the average list price dropped to $1.4 million and the median ...
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