The Jackson Hole real estate market continued to cool off modestly through September, relative to a banner 2018, according to the Third Quarter Market Report.
Even so, several segments once again shined. Despite 20% fewer year-over-year sales, the average sale price of Single-Family Homes grew 13%. During the same period a year earlier, the average sales price increased 7% year-over-year, indicating steady, sustained growth.
The overall median sale price grew 17%, suggesting more activity in the high-end sector. The mid- to low-end of the price spectrum was negatively impacted by a lack of inventory, which also affected the $2-5 million range.
Total dollar volume declined 10% through the end of Q3, however, that reflects a rebound from the mid-year, when total sales volume was 16%.
Once again, Jackson Hole Real Estate Associates posted impressive numbers. While the market’s sales volume fell, JHREA’s grew 8% year-to-date. The performance reflects our team’s growing market share. Jackson Hole Real Estate Associates once again represented the most buyers and sellers of any brokerage in the region.
To learn more about the Jackson Hole Mid-Year Market Report or for more information specific to your area, please contact our dedicated team.