Wednesday, March 22, 2017
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STRONG DEMAND DRIVES DAYS ON MARKET DOWN
2017 inventory levels continue to stabilize across market segments.
rates as buyers looking for single-family homes and condominiums are jumping at the opportunity to own a piece of Jackson Hole. Available listings have continued to by Staff Writers correct from a peak established in 2012 (See JACKSON, WY – The past several years Figure 2) with levels normalizing within the have seen a noticeable decline in active last two years. Inventory of listings priced between $850k listings on the market for properties under and $1.5M have seen only a slight decline $850k in Teton County, Wyoming. Properties within this market segment have through seasonal averages during the same seen a corresponding decline in absorption period, while listing inventory numbers in the
Days on Market
Figure 1.
Teton County, Wyoming
luxury segments of the market at $3M and above have remained essentially constant. Across the market as a whole, the average number of days-on-market is down as buyers move quickly to secure quality inventory. With the increased desire for lifestyleinspired home purchases and a continued need for workforce housing solutions within Teton County, the lower-priced market segment continues to see robust activity amidst tightening inventory levels.
YEAR-END RESORT MARKET REPORT NOW AVAILABLE by Staff Writers
2010
Figure 2.
2011
2012
2013
2014
2015
2016
Active Listings by Price Category Teton County, Wyoming
JACKSON, WY – The year-end 2016 edition of Jackson Hole Sotheby’s International Realty’s Resort Report is available now. The Resort Report provides a snapshot into annual sales data for the unique, lifestyle-driven real estate markets of twelve resort communities located within the finest ski destinations in the United States. The report is a collaboration between eleven independent Sotheby’s International Realty brokerages, and is your gateway to discovering the ski property of your dreams. Explore average sales prices, days on market, average price per square foot and numerous key market metrics. Contact an agent for a copy of the report, or for additional information on the Jackson Hole regional real estate market. JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY
RESORT REPORT 2016
The above data has been compiled from Teton County Board of Realtors Multiple Listing Service data through February 28, 2017 and supplemented with additional brokerage data. Although the foregoing data has been compiled from sources deemed to be reliable, JHSIR does not guarantee its authenticity. It is intended for informational purposes only, is subject to prior sale, omission, error, revision and cancellation without notice, and should be independently verified with the source of such information.