26TH ANNIVERSARY DAVID VIEHMAN
DEVON VIEHMAN
LUKE SMITH
JOSIE DANIEL
2021 CONTINUES TO BREAK RECORDS While the number of overall sales this quarter was 14% higher than Q3 2020, the 646 sales that occurred were nowhere close to the all-time high of 839 sales in 2005. What was record-breaking was the overall dollar volume spent in the first nine months of 2021 ($2.166 billion). Up until 2020, Jackson Hole had never reached the $1 billion dollar volume mark in the first nine months of any given year. In mid-July, 2021 surpassed that level and is projected to exceed $3 billion by year’s end. To break this record, however, other records had to fall. We have broken down those records throughout this newsletter. Inventory level breaks another record: The overall numbers of available listings are at another record breaking low—down 26% from this period in 2020. For the past 11 years, we have watched available inventory shrink from 801 listings in 2010—the height of The Great Recession—to only 157 in 2021. NOTE: The highest overall number of active listings in the history of Jackson Hole happened back in 1996 with 1,596 active listings at year’s end. Of those, 529 were single-family homes versus the mere 75 single-family homes currently on the market.
KARA PEARSON
Q 3 2021
So, where’s the demand coming from? As discussed in our Q1 and Q2 2021 reports, COVID-19 continues to affect our local real estate market. While the number of local working-class Buyers continues to dwindle as inventory in their price range becomes nonexistent, the amount of Zoom Town telecommuters, second home Buyers and early retirees continues to increase. We are also seeing several investors snapping up homes and condos in the locals’ price range ($400,000 to $1.8 million) for rental income. One investor has purchased 25 such rentals in the last two years, while others are tearing down the old and building new 4,000+ sq. ft. homes in the Town of Jackson. Is the “Feeding Frenzy” over? With inventory levels at an all-time low, we continue to see multiple offers when a well-priced listing hits the market. However, we are not witnessing offers sight unseen. Instead, many out-oftown Buyers who were unable to find the right property last year have moved to Jackson Hole and are renting. This gives them the opportunity to jump on a well-priced property as soon as it hits the market. NOTE: As we go into our fall and winter selling seasons, expect inventory levels to decrease continuously until Spring 2022.
DATA- D RI VEN REPORT FO R T HE FIR ST N INE M ON T H S OF 2 02 1 The Jackson Hole Report is the oldest, most accurate, and comprehensive real estate market report in Teton County, Wyoming. We derive our statistics from a privately maintained database that tracks every single sale, not just the transactions reported through MLS. NOTE: Only 59% of sale prices valley-wide in 2021 were reported to MLS. If you would like an assessment of the current value of your Jackson Hole property, please contact us for a free comparative market analysis by calling 307-690-4004 or emailing david@jhreport.com.
Please visit our website at JacksonHoleReport.com to view the full report or email david@jacksonholereport. com to subscribe to the Jackson Hole Report.
The Jackson Hole Report is the most widely distributed and trusted quarterly newsletter in Jackson Hole. To guarantee the most successful outcome in your next real estate transaction, call us today. 1
Q3 2021
CLO S I N G S
OVERALL RECORD BREAKERS
$2.167B
$1.84M
Sold Dollar Volume
Average Sale Price
Median Sale Price
$3M+
$5M+
$10M+
212
120
40
Number of Sales
Number of Sales
Number of Sales
$1.56B
$1.21B
$668M
Sold Dollar Volume
C ON TR AC TS & IN VE N TORY
$3.35M
$4.56M
Sold Dollar Volume
Average List Price Under Contract
157
Number of Active Listings RECORD LOW
Sold Dollar Volume
$2.595M
Median List Price Under Contract
$5.39M Average List Price
$2.995M Median List Price
Jackson Hole Report Podcast Tune into our Podcast at jhreport.com for a current, and more in-depth conversation about the current real estate market. 2
JACKSON HOLE REPORT / jacksonholereport.com
Q3 2021
THE OVERALL MARKET
While the overall number of sales increased a modest 14%, the dollar volume (up 39%), average sale price (up 22%) and median sale price (up 31%) all broke records for the first nine months of any given year for the fourth year in a row. The modest increase in the number of sales reflects the lack of available overall inventory (down 26%) when compared to October 1, 2020. NOTE: This is the eighth year in a row of decreasing sales under $1 million. In contrast, overall sales of $5+ million increased 43% and overall sales of $10+ million increased 54%. NOTE: Out of the 266 home sales to date, only six sold for under $1 million.
Closings
646 Up 14%
$2.167B Overall Dollar Volume 39% Increase
Inventory
157
Active Listings Valley Wide All Home, Lot, Condo, Multi-Family & Commercial Down 26% when compared to October 1, 2020.
Under Contract
Overall number of properties under contract is down 50% to 86 transactions, and dollar volume is down 37% to $391 million. In contrast, the average and median list prices are breaking records for the first nine months of any given year—up 27% and 8%, respectively. NOTE: Currently 12% of properties under contract are listed for under $1 million, 44% are between $1 and $3 million, 15% are between $3 and $5 million, and 29% are $5+ million.
Inventory
Overall inventory of active listings, has decreased by 26% to a Q3 record-breaking low of 157. In contrast, the average and median listing prices are both breaking records—up 32% and 33%, respectively. The segment with the largest decrease of inventory was condo/townhomes with available inventory down 45%. NOTE: There are currently no homes listed in the entire valley for under $1 million, and only ten are listed for under $2 million.
Luxury Market
The Luxury Market—properties priced at $5 million and above—reports a 43% increase in sales. Closer inspection finds that 40 of the 120 high-end sales closed for more than $10 million—up 54% from last year—and 17 sold for more than $15 million—up 240%. NOTE: While the number of $5+ million sales represented 19% of the total transactions, this segment accounted for 56% of the overall dollar volume for the first nine months of 2021. To learn more about the Luxury Market, please visit JacksonHoleLuxuryReport.com.
If you are a luxury property owner in Jackson Hole and would like a free comparative market analysis, please email David or Devon at david@jacksonholereport.com or call 307-690-4004. Our in-depth local knowledge gleaned from producing the Jackson Hole Luxury Report has made us Your Local Luxury Experts.
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JACKSON HOLE REPORT / jacksonholereport.com
Q3 2021
SINGLE FAMILY HOME SALES
YEAR END 2020
Single-family home sales reached the second highest in history, just two sales less than Q3 2020. When compared to the first nine months of 2020, there were 266 sales with $1.178 billion in dollar volume (up 18%), an average sale price of $4.43 million (up 19%), and a median sale price of $2.96 million (up 32%)—all record breakers. NOTE: Sales over $5 million and $10 million both broke records with 76 and 26 sales, respectively. In 2021, the hot sale price for single-family homes—the price range in which 126 sales (47%) have occurred— has hovered between $1 to $3 million. The under $1 million segment dropped 84% with only six sales so far this year, which accounts for only 2% of overall home sales.
CLOSINGS
Average Sale Price for a Home
Homes Under Contract
84%
75
Homes Listed on the Open Market
6%
18% Dollar Volume $1.178B
52% Average List Price $6.43M
5% Average List Price $6.81M
32% Median Price $2.96M
52% Median List Price $4.25M
21% Median List Price $3.995M
HOT SPOT!
Town of Jackson & North of Town
The Town of Jackson and North of Jackson experienced the largest increase in sales, with 65 homes (up 16%) and 34 homes (up 48%), respectively.
Under Contract
Single-family homes under contract are down 84% when compared to the first nine months of 2020. In contrast, the average and median asking prices ($6.43 million and $4.25 million, respectively) for homes under contract both saw record-breaking increases of 52% each. Of the 39 homes under contract, only one is listed for under $1 million while 23 are listed for over $3 million.
Inventory
Available inventory of listed homes is currently down by 6% with no change in dollar volume. Meanwhile, the average and median list prices both broke records at $6.81 and $3.995 million, respectively. The lack of inventory was especially felt in the under $1 million segment where no inventory exists, and only six homes have closed to date in this segment. Inventory in the $1 to $2 million segment is down 29% when compared to 2020.
Least / Most Expensive 4
19%
39
INVENTORY
Record Breaking
$4.43M
CONTRACTS
As of October 1, the least expensive home on the market—a 1,968 sq. ft. three-bedroom, two-bath home in Buffalo Valley—is listed for $1.35 million. On the flip side, the most expensive listing is $65 million. This retreat North of Jackson features an 8,980 sq. ft. five-bedroom, eight-bath home built in 2019. The 56 private acres sit high above the valley floor with superb views of the Grand Tetons.
JACKSON HOLE REPORT / jacksonholereport.com
Q3 2021
SINGLE FAMILY HOME SALES SINGLE FAMILY HOME RECORD BREAKERS
Sold dollar volume
$1.18 billion
Average sale price
$4.43 million
Median sale price
$2.96 million
Number of sales over $1 million
258
Sold dollar volume over $1 million
$1.17 billion
Number of sales over $3 million
132
Sold dollar volume over $3 million
$933 million
Number of sales over $5 million
76
Sold dollar volume over $5 million
$717 million
Number of sales over $10 million
26
Sold dollar volume over $10 million
$377 million
Average list price under contract
$6.43 million
Median list price under contract
$4.25 million
Number of active listings
75 (record low)
Average list price
$6.81 million
Median list price
$3.995 million
To summarize: With inventory way down and the number of sales the second highest ever at the end of Q3, we predict the strong Seller’s market to continue. If you are a Seller in this segment, make sure you are competitive in your pricing. If you are a Buyer, be prepared for bidding wars. Well-priced properties are being snapped up. If you have plans to sell your JH property this winter, or you would like to know how to compete in this Seller’s market, please call for a free comparative market analysis or email david@jacksonholereport.com.
Hire us as your Advocate. If you are looking for a home in today’s tight inventory market, you need to hire us as your advocate. We will find what you are looking for, and then educate and prepare you to win at today’s real estate bidding wars.
Jackson Hole Report Podcast Tune into our Podcast at jhreport.com for a current, and more in-depth conversation about the current real estate market.
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JACKSON HOLE REPORT / jacksonholereport.com
Q3 2021
CONDO/TOWNHOME SALES
Condo and townhome sales are up 38%, when compared to the first nine months of 2020. Following suit, the dollar volume and median sale price are up 24% and 13%, respectively. Condo sales under $500,000 are down 48%, with only ten so far in 2021. Nearly half of the activity (49%) was in the $500,000 to $1 million segment, and in the $1+ million segment, sales are up 53% (98 sales). With available inventory down 45%, expect to see a slowdown in the number of sales going forward.
CLOSINGS
Condo Sales
38%
28
Condos Under Contract
INVENTORY
40%
29
Condos Listed on the Open Market
40%
9% Average Price $1.345M
12% Average List Price $2.295M
40% Average List Price $2.15M
13% Median Price $950,000
50% Median List Price $1.495M
46% Median List Price $1.45M
HOT SPOT!
Town of Jackson
Under Contract
Inventory
Record Breaking
212
CONTRACTS
The hot spot for condo/townhome sales lies between $500,000 and $1 million where 104 sales occurred (up 42%), accounting for 49% of all condo/townhome sales. Of those 104 sales, 70% were in the Town of Jackson, and 17% were on the Westbank. Of all the 212 condos sold in 2021, the Town of Jackson led with 63% of total sales, followed by the Westbank with 21%. NOTE: With only ten sales under $500,000 in 2021 and no condos currently listed in that price range (the least expensive is currently $699,000), it appears the window of opportunity in this price range has closed.
The number of condo/townhomes under contract is down 40% when compared to the end of the first three quarters of 2020. In contrast, the average list price is up 12% and the median list price is up 50%. NOTE: Of the condos under contract, 29% are listed under $1 million and no listings are under $700,000. The price segment with the greatest demand continues to be condos under $1 million. Supply is steadily shrinking in this price range, though, with only four new listings at the end of Q3. Based on the 2021 sales pace thus far, current inventory of condos under $1 million will sustain the market for two weeks.
Available inventory of condos/townhomes is down 40% so far in 2021. The average list price is breaking a record for the third quarter at $2.15 million (up 40%), and the number of active listings under $500,000 (zero) has broken a record for inventory in the third quarter. Here’s how the inventory breaks down: four listings between $500,000 and $1 million; fourteen between $1 and $2 million; five between $2 and $3 million; and six over $3 million.
Hire us as your Advocate. If you are looking for a condo in today’s tight inventory market, you need to hire us as your advocate. We will find what you are looking for, and then educate and prepare you to win at today’s real estate bidding wars.
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JACKSON HOLE REPORT / jacksonholereport.com
Q3 2021
CONDO/TOWNHOME SALES CONDO/TOWNHOME RECORD BREAKERS
Sold dollar volume
$285 million
Number of sales below $500,000
10 (record low)
Number of sales over $1 million
98
Sold dollar volume over $1 million
$202 million
Number of active listings
29 (record low)
Average list price
$2.15 million
Median list price
$1.495 million
To summarize: With inventory at historic lows and demand surging, this segment is a strong Seller’s market. Sellers, even with decreasing inventory, make sure you have great photos and are competitive in your pricing. If you are a Buyer, be prepared to step into a bidding war, especially on the Westbank and in the Town of Jackson.
Q3 2021
SINGLE FAMILY VACANT LAND
Single-family vacant lot sales were down 2% in the number of sales in the first nine months of 2021. In contrast, the dollar volume is $353 million (up 48%), the average sale price is $2.99 million (up 52%) and the median sale price is $1.9 million (up 91%). The lack of sales can be directly linked to the lack of available inventory below $1 million.
CLOSINGS
Vacant Lot Sales
2%
48% Dollar Volume $353M 52% Average Price $2.99M
HOT SPOT!
North of Town
Under Contract
7
11
Vacant Lots Under Contract
INVENTORY
73%
77% Dollar Volume
44
Vacant Lots Listed
26%
on the Open Market 34% Average List Price $3.89M
Record Breaking
118
CONTRACTS
105% Median List Price $2.2M
The 2021 hot spots for single-family vacant land sales are North of Jackson (20 sales with a 24% average sale price increase) and Spring Gulch / Gros Ventre Buttes (22 sales with a 68% average sale price increase).
The number of single-family vacant lots under contract is down 73% when compared to this time last year. Following suit, the dollar volume is down 77%. The reason for this slowdown can be directly linked to the number of active listings available for under $1 million. At the end of Q3 2020, there were 29 active listings for under $1 million. Today there are only seven to choose from. NOTE: Of the 11 single-family vacant lots under contract, only one is listed for under $1 million.
JACKSON HOLE REPORT / jacksonholereport.com
Q3 2021
RES IDENTIAL LAND SALES
Inventory
Available inventory of listed lots in the third quarter is down 26%. In contrast, the average and median list prices, up 34% and 105%, respectively, are breaking records. Based on the 2021 sales pace thus far, current inventory of single-family vacant land will sustain the market for four months. NOTE: Current inventory is the lowest in 40 years for the end of the third quarter.
VACANT RESIDENTIAL LAND RECORD BREAKERS
Sold dollar volume
$353 million
Average sale price
$2.99 million
Median sale price
$1.9 million
Sold dollar volume over $3 million
$250 million
Number of sales over $3 million
41
Sold dollar volume over $5 million
$175 million
Number of sales over $5 million
20
Number of active listings
44 (record low)
Average list price
$3.89 million
Median list price
$2.2 million
To summarize: With inventory at a historic low and the demand for vacant residential land still very strong, expect to see appreciation continue in this segment of the market. If you are a Seller, be sure you are competitive in your pricing, especially if you plan to sell quickly. For Buyers, if you’ve been sitting on the sidelines waiting for a sign: “Now is the time.”
Hire us as your Advocate. If you are looking for a land in today’s tight inventory market, you need to hire us as your advocate. We will find what you are looking for, and then educate and prepare you to win at today’s real estate bidding wars.
Jackson Hole Report Podcast Tune into our Podcast at jhreport.com for a current, and more in-depth conversation about the current real estate market.
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JACKSON HOLE REPORT / jacksonholereport.com
Call us today if you are considering purchasing real estate this year in Jackson Hole. We are the Realtors you want on your team. But, don’t take our word for it. Read what two of our recent Buyers had to say about their experience:
My husband and I recently sold our East Jackson home of twenty-five years and downsized to a beautiful townhouse at Jackson Golf and Tennis. Our decision and experience could not have been more pleasant, thanks to the wonderful daughter/father duo from ENGEL & VÖLKERS JACKSON HOLE, Devon and David Viehman. Their impressive knowledge about real estate in Jackson Hole and professionalism made this difficult process exciting and enjoyable! As you know, the market is moving at an extremely fast pace and thanks to their expertise and responsiveness we were able to make a clean, quick offer to buy the townhouse. Just a week after our offer was accepted, our house was on the market and sold in a flash! Everyone of our questions and concerns were answered in a timely manner. Devon and David worked together as a high-performing team every step of the way! We have settled into our townhouse beautifully and could not be happier with our decision. I would recommend the Viehman Team without hesitation to anyone that is looking into selling or buying real estate in Jackson! RE E D AND J IL L AR MIJ O JACK SO N, WY
Tim Vetter was persistent and a great listener early on when we had no success in the FSBO option that we had previously used selling our last 4 homes. Thankfully both Luke Smith and Tim shared the market dynamic in Star Valley and were patient as we waiting for the timing that was right for Patrick and I, not necessarily the timing that would yield the largest profit. We were well aware that our initial pricing was high, and Luke was great about explaining where we needed to be pricewise WHEN we were ready to sell. Luke was like a guardian angel looking out for us, and excellent with his communication after each of the dozens of showings! I especially appreciated his texts and calls to alert us of upcoming showings so we could make every effort to have the house clean. Again, Luke was a total superstar even shoveling out our walkway, and deck when we were out of town! I genuinely believe that Engel and Volkers has the right recipe and you definitely have the right people selling real estate in the Star Valley Market! Thank you again for working with us on this sale. We look forward to welcoming you all to our new home when it’s finished! V AND P LINCO L N CO UNTY, WY
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JACKSON HOLE REPORT / jacksonholereport.com
JACK SON HO LE LUXURY REPO RT Market dynamics have changed drastically during the 26 years we have published the Jackson Hole Report. During our tenure tracking real estate, we have marveled at the growth of the high-end market and came to realize this elite segment warranted special attention. For this reason, in 2013 we created the Jackson Hole Luxury Report, a limited-edition newsletter focused exclusively on high-end properties, which, until recently, we defined as homes priced over $3 million. With the luxury bar raised so dramatically in 2020, going forward the Luxury Report will only focus on sales above $5 million. The purpose of this limited-edition report is to provide high-end Buyers and Sellers with a clear understanding of the local luxury landscape. Building on the analysis of the Jackson Hole Report, we delved more deeply into the dynamics of the market above $5 million. Since 2013, each semi-annual edition has brought great response and feedback from our readers. Some seek our vast knowledge of property values for estate planning or when considering selling. Others need more information about the overall Luxury Market. Many existing and future property owners also request more information about real estate related services such as caretaking, asset management and villa rental opportunities. The singular nature of luxury listings in Jackson Hole requires that each sale be examined in great detail, and truly special properties must be considered incomparable. When pricing this type of property, you need a luxury data specialist to ensure success. As a courtesy to new clients, we provide a free confidential market analysis of their distinctive property and continue to update the current value of the property for estate planning and/or trusts. While the Luxury Report focuses on luxury homes, condos, and single family vacant parcels, our mailing list considers a wider lens, inclusive of select commercial properties, large tracts of land, and ranches in Jackson Hole. Currently there are 1,788 properties worth $5+ million in Jackson Hole on our mailing list. If you would like to know what your luxury property is worth in today’s market, please contact David Viehman at (307) 6904004 or at david@jhreport.com To sign up for the digital version of the Luxury Report, visit JacksonHoleLuxuryReport.com.
I T ’S O FFI C I AL !
View the video and property at 165Huckleberry.com. 10
We are pleased to announce that our signature film of 165 Huckleberry won the Best sales and marketing campaign for a luxury property 2019. The Inman Golden I Club is nothing less than the highest honor in luxury real estate. Since it’s launch in August, the film has had over 45,000 views. Contact us to see if your property qualifies for this marketing initiative. It isn’t always just about the price point as many unique properties in the area are also a good fit.
For 30 years, the Jackson Hole Community Housing Trust has cultivated a sustainable community through housing. The Community Housing Trust has developed or acquired 181 affordable homes that have served hundreds of people in Teton County. With each new affordable neighborhood, the Community Housing Trust supports the essential work of people and organizations that deliver our health care, educate our children, maintain critical infrastructure, and protect our precious natural resources.
174 NORTH KING STREET JACKSON, WY 83001
174 KING STREET
As the pandemic took hold in Teton County, the Community Housing Trust was faced with a decision to pause or go forward with its 9th affordable housing project. The answer was obvious: move full speed ahead. On May 18, 2020, the Community Housing Trust broke ground on 174 North King Street. This winter, 55 people in our community will have stable, affordable housing. As our community adapts to the realities of today’s housing market, the relationship between workforce housing and a strong community
the property Class A commercial office space in the heart of downtown Jackson available summer 2021
featuring Commercial A - 1,219 sq. ft. Commercial B - 1,299 sq. ft. 11 ft. finished ceiling 40% glazing to maximize natural light
Custom fit-out Access to on-site parking 2 private bathrooms Space for kitchen and conference room Forced air HVAC and sprinklers 2 basement storage units
Project details: 174 North King Street is a mixed-use development comprising commercial office space and 24 condos. The development will provide owners with access to all that vibrant downtown Jackson has to offer.
PROJECT TEAM:
JACKSON HOLE COMMUNITY HOUSING TRUST NORTHWORKS ARCHITECTS SHAW CONSTRUCTION
has never been more clear. With 24 new affordable homes on King Street, the Community Housing Trust will make meaningful progress on the housing problem that overwhelms so many of our friends and neighbors. Affordable housing is at a critical juncture. It’s a community-wide problem that requires community-wide participation. Be a part of the solution and support the Jackson Hole Community Housing Trust today. Donate today at housingtrustjh.org.
Opening the door to the life you aspire.
Engel & Völkers evokes a real estate experience of the highest caliber with the utmost competence, expertise and passion for all that we do.
Photo featuring: Hayden Fake, Real Estate Advisor.
Engel & Völkers, a European-based premium real estate brand, is excited to have its international presence in Jackson Hole. This brings the firm’s global network and exclusive level of service to residents of the area. Engel & Völkers Jackson Hole is ideally situated just off the square in Downtown Jackson. It provides leading services for buyers and sellers of premier properties in not only Jackson Hole but the Westbank, Teton Village, Star Valley, Teton Valley and its surrounding areas.
70 King Street, Jackson, Wyoming 83001
(307) 201-8800
j ac k s o n h o l e . ev r e a l e s tat e . c o m
Since its beginning in 1977 as a specialty boutique providing exclusive, high-end real estate services in Hamburg, Germany, Engel & Völkers has become one of the world’s leading companies specializing in the sale and lease of premium residential and commercial property, yachts and private aviation. Engel & Völkers currently operates a global network of over 10,000 real estate advisors in more than 800 brokerages spanning more than 30 countries across four continents, offering both private and institutional clients a professionally tailored range of luxury services. It established its North America corporate headquarters in 2007 and opened its first brokerage in the same year. Committed to exceptional service, Engel & Völkers supports its advisors with an array of premium quality business services; marketing programs and tools; multiple platforms for mobile, social and web; as well as access to its global network of real estate professionals, property listings and market data. Engel & Völkers is an active supporter of the Fair Housing Act and the Equal Opportunity Act. Each brokerage is independently owned and operated.
About our Team WE COLLABORATE. Our team works in an open office environment to allow creative input from every member. WE GET REAL ESTATE. Our team has over a century of combined experience and are market experts in Jackson Hole, Westbank, Teton Village, Star Valley & Teton Valley. WE EVOLVE TO STAY CURR ENT. Whether it’s a new social media platform or mobile app, we constantly educate our team on the most effective way to reach potential buyers across the globe. WE MOVE FAST. We will have your property marketed and distributed locally, nationally, and internationally faster than any other agency. WE HAVE PROVEN RESULTS. We have sold hundreds of millions of dollars in real estate. Our track record shows that we do not give up, that we meticulously pay attention to detail and we understand the legal process as well as the art of the deal.
70 King Street, Jackson, Wyoming 83001
(307) 201-8800
j ac k s o n h o l e . ev r e a l e s tat e . c o m
Our decades-deep knowledge of the valley combined with the international reach of Engel & Volkers Jackson Hole makes us your Local Real Estate Experts. The JACKSON HOLE REPORT is published semi-annually with additional email updates for the first and third quarters. While other realtors attempt to report on our market with MLS statistics only, we track every single transaction in Teton County. Consider, for instance, the first nine months of 2021: only 59% of sales prices valley-wide were reported to MLS. In contrast, we have logged information on each and every sale on a daily basis. Our data-driven report is the most accurate and trusted real estate news source in Teton County. If you would like to sign up for these quarterly email updates or need more detailed information about our market, feel free to either call or email david@jacksonholereport.com. You can also find the Jackson Hole Report online at jacksonholereport.com. Whether you are pricing your property to sell in the upcoming winter season or weighing the right time to buy, rest assured that as our client, you will have the upper hand with access to current market statistics and an impeccable level of service and personal attention. If you are planning to sell this winter, please call for a free comparative market analysis or email david@jacksonholereport.com. We hope this report’s snapshot of market trends has been useful, and, as always, we would be happy to discuss the details further with you. If you would like a complete analysis of specific areas, back issues of the Jackson Hole Report, or a professional Realtor to represent you in your next real estate transaction, please call or email one of the numbers below or write to us at P.O. Box 2431, Jackson, WY 83001, Attn: David Viehman or Devon Viehman. Sincerely,
David E. Viehman, Associate Broker Devon Viehman, Associate Broker “Wyoming Realtor of the Year 2013” “2018 President - Wyoming Association of Realtors” Luke Smith, Associate Broker, WY & ID Josie Daniel, Sales Associate Kara Pearson, Sales Associate Jackson Hole Report Engel & Volkers Jackson Hole Testimonials Direct: 307-690-4004 www.jacksonholereport.com david@jhreport.com *This third-quarter report is not posted on the Jackson Hole Report website. Instead, it is provided exclusively via email, as a service to all our valued customers and clients here at Engel & Volkers Jackson Hole. The data is collected and analyzed quarterly to help you keep up with trends in our market. *While other local Real Estate Brokerages attempt to report on the local real estate market, we are the only Realtors who track every single transaction. Therefore, if you want the most accurate information to help guide you through your next real estate transaction, call us today. We are the Experts. *All statistics are supplied by sources that have been deemed reliable but are not guaranteed. *All statistics quoted in this newsletter are based on sales in 2021 compared to sales in 2020. *Median sale price is the cost of a property that has an equal number of sales above and below it on the price scale. *Average sale price is the total combined dollar volume divided by the number of sales. *The word “Overall” in this newsletter refers to all sales in Teton County combined (homes, lots, condos, commercial and ranch). *Alta, Wyoming is not included in this report. *The term “Market Value” means; the value of a property in terms of what it can be sold for on the open market; current value.
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© Copyright 1995 - 2021 by David Viehman and Devon Viehman, dba Engel & Volkers Jackson Hole. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without explicitly written permission from David Viehman.