Market Update – December 14, 2015

Greetings and Happy Holidays from Jackson Hole –

Below you will find a brief market recap.

The year of 2015 was captivating for the real estate market around Teton County, Wyoming – for buyers and sellers, timing was absolutely everything this year. Although each micro-niche of the market performed differently throughout the year, here are a few overall numbers when comparing 2015 to 2014 in Teton County, Wyoming:

  • For all property types, the total dollar volume sold was $775.5M, up 26% from 2014. The total number of
    properties sold only increased 3% – indicating a strong rise in values and lack of inventory.
  • The average price of a single family home sale was up 27%, from $1.7M to $2.2M in 2015. There were
    approximately 35 more single family home sales this year compared to last.
  • Vacant land values also increased, up 15% with an average sales price of $1.7M. However, vacant land
    experienced an 8% decrease in the total number of properties exchanging hands this year.
  • The number of condos and townhomes sold remained steady year over year, but the average sales
    price of each increased 19% and 44% respectively.

Recap data included is per the Teton Board of Realtors MLS, from January 1st to December 14th, 2015 for Teton County, Wyoming only. If you are curious how the above numbers affect or pertain to your specific property, I can provide more specific information.

On a personal note, the Teton Board of Realtors has named me as the Chair to the Political and Legislative Affairs Committee. I am humbled that my peers have asked me to take the lead for this committee starting in 2016, and I look forward to elevating our local industry’s awareness of political matters that directly affect your property rights.

Please let me know if you would like a more detailed market report or have any questions about real estate, a specific property, or the community of Jackson Hole.

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