S IN G LE FAM ILY HOM ES
Single Family Luxury Homes $ 5 + MI LLI ON LUXURY HOMES accounted for 66% of all luxury sales in 2021. All told, the number of home sales is up a record breaking 33%, and the dollar volume increased by 37% to a record-breaking $1.1 Billion. Following suit, the average sale price increased by 4% to a record-breaking $9.96 million.
Last year ended with 111 home sales priced
current market, while others do not match
over $5 million (up 33%), of which 68%
the value of the land they occupy.
sold for between $5 and 10 million. NOTE: In 2021, seven homes sold for over $20
This situation constrains buyers. For
million— a new record.
instance, in the $10+ million segment, buyers may choose from nine homes
The 2021 luxury market left about four
valleywide. Of those nine, eight are 10+
months of inventory going into 2022 after
years old, five include less than 10 acres,
111 home sales over $5 million wiped out
and only one is on the Snake River. Further
most of the existing inventory.
complicating the process, many luxury
HOT SPOTS South of Jackson to the Snake River Bridge logged the most single-family luxury home sales in 2021 with 23 (up 109%). Only 11
three of the sales sat atop parcels with 35+ acres.
homes only appeal to a specific buyer, Of the existing inventory, 20% has been
and a precise pairing requires substantial
on the market for more than a year. Some
marketing.
homes continue to be overpriced for the
LUXURY HOMES UNDER CONTRACT There are six luxury homes currently under contract (down 33%). Five are listed for under $10 million.
Number of sales is up 33%*
Dollar volume increased by 37%*
Average sale price ($9.96M*) increased by 4%
* Record Breaking JacksonHoleLuxuryReport.com
