New listings since January 1st, 2014 have experienced a 10% gain when compared to 2013. However, overall inventory is down from the highs of the recession period. This indicates a good opportunity for sellers to consider placing their properties on the market. At the same time, prices are up only moderately, keeping the market appealing to buyers.
The local market is seeing new listings in all property types, but a particularly strong surge in vacant land. The vacant land listings leading this trend are located in the areas of West of the Snake, North of Jackson, and South of Jackson. Teton Village and the Town of Jackson remain relatively unchanged for vacant land over last year.
New listings in the single family home and condo / townhome sectors are both tight, driving prices upward as the average days on market continue to decline. For single family homes and condos / townhomes, the Town of Jackson has only 19 and 21 new listings, respectively. The West of Snake area saw a slight increase in new single family home listings compared to 2013, as opposed to condos / townhomes, where inventory remains scarce.
When assessing by area, both Teton Village and the Town of Jackson remain unchanged in newly listed properties compared to last year. West of the Snake and North of Jackson have both increased in new listings, with 17 and 13 more new units than 2013.
To explore all of our listings, including new ones, please view our
2014 Summer / Fall Catalogue of Fine Properties.
Upcoming Events:
Sunday, June 29th – Jackson Hole Centennial Picnic, a free community even from 4-7 pm at Miller Park.
Thursday, July 10th – Teton Canyon Ranch, a 140 acre parcel in Alta, WY will be auctioned by Concierge Auctions. To view a video and more information regarding this auction, please visit Concierge Auctions.
