Jackson Hole Real Estate Market Report

Teton County, Wyoming — 2018

2018 was record-setting for real estate sales volume. The MLS reported more than $922 million in sales, with 532 units sold for the twelve months ending December 31, 2018. Previously, the best year for Teton County, Wyoming was 2007—during which $804 million in sales volume and 581 units were closed. A reduction in available inventory is likely a contributing factor to the flat-to-slightly-downward trend in unit sales since 2013. Year-over-year, sales volume rose 32% and unit sales increased 14%.

Featured Property: # L2TB2S

SINGLE FAMILY HOMES

Single family home sales represented 46% of total unit sales during 2018, driving the current market. Sales volume of single family homes jumped 54% on a 26% increase in unit volume, propelled primarily by higherend homes. Above $1.5 million, unit volumes increased 53%, while sales volume surged 72%.

Featured Property: # 39N3C

CONDOMINIUMS/TOWNHOUSES

Condominiums and townhouses represented 35% of total unit sales during 2018. Five sales over $3 million helped to lift the condo market, which reported a 41% increase in sales volume and a 22% increase in unit volume year over year. Four of five sales over $3 million were within Teton Village.

Featured Property: # 2B4HSN

LAND & RANCHES

Vacant land fell from 19% of total sales in 2017 to 11% of total sales in 2018. Land and ranch unit volume fell 28% while sales volume was off by 21%. A $47 million sale in 2017 was partially offset by a $21.5 million sale duing 2018. Under $1.5 million, unit sales and sales volume of vacant land declined 39% and 41%, respectively.