Hot Real Estate Market in Jackson Hole | December Sales Rocket

Was it the snowfall in December? Was it the excellent skiing at Jackson Hole Mountain Resort? Was it the NYT article naming Jackson Hole as one of the best 46 places in the world to visit? Or was it an end-of-year property grab in Jackson Hole in 2012? – Yes, all of the above.

Jackson Hole real estate sales rocketed in December of 2012 – and this after a very good October and November.

A strong 4th quarter in Jacklson Hole real estate sales put 2012 well ahead of 2011. In fact, sales in the month of December propelled the dollar volume for 2012 to a level higher than that of 2008.

December at a Glance:

(as reported by the Teton County MLS)

• 56 units closed in December 2012 (32 last year, 60 in Jul., 2007)

• Sales volume: $125.9 million ($49.9 million in 2011)

• Avearge Sales Price: $2,249.8 ($1,558.2 last year)

• Hot properties – Single Family Homes 28 sales – 15 condo, 9 land & 4 commercial

Not only was the dollar volume well above last year, but also unit sales as shown on the graph below. This is a positive trend that bodes well for the Jackson Hole Real Estate market. In addition, today, current listings in Teton County are at their lowest level since January, 2009 in all categories including single family, condos and vacant land.

Visitors from all over the world are flocking to the Jackson Hole Ski Resort this winter. With the arts and entertainment scene burgeoning in Jackson Hole and the incredible tax benefits of homeownership in Wyoming, 2013 could shape up up to be a very interesting year for Jackson Hole real estate.

Let us know your thoughts on December in Jackson Hole by logging in and commenting below.

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