As we near the end of 2010 the hottest news on the Jackson Hole real estate market is Teton Village. Home to world renowned Jackson Hole Mountain Resort, it it no wonder that this part of the Jackson Hole valley remains so popular. The airport is just moments away, many of the available properties are ski-in/ski-out and you can choose from a variety of property types – from a brand new luxury eco-suite condo, or a classic chalet style residence built in the early days of Teton Village.
The market in Teton Village is active. In 2011 the number of units sold in Teton Village was up 78% over 2010 year-to-date through September.
Sales By Area YTD September – 2011 vs. 2010 Source: Teton Board of RealtorsJackson Hole condominiums continue to sell at a brisk pace with a sales volume increase of 60% over last year and a unit volume increase of 125% year-to-date September 2011 vs. 2010.
Overall in Jackson Hole, the market continues to trend in a “unit volume up” direction. In the third quarter of 2011, unit volumes rose a respectable 33% versus the 3rd quarter of 2010. In 7 of the last 8 quarters, the Jackson Hole real estate market has experienced a unit volume increase.
Teton County Wyoming Cummulative Through Date Ending October 2002 through 20112011 sales volume is tracking with 2010 and with 2003, up 87% over the lows of 2009. The under $850K segment is up significantly in sales and unit volume and the 1.5M to 3.0M is uo 5% and 11% in sales and volume respectably.
With offices located in 5 Teton Village locations, Jackson Hole Sotheby’s International Realty is the resource for current real estate offerings and the most up to date market information. Come find out why we outsell all other local brokerages – combined.