STRONG DEMAND DRIVES DAYS ON MARKET DOWN
2017 inventory levels continue to stabilize across market segments.
by Staff Writers
JACKSON, WY – The past several years have seen a noticeable decline in active listings on the market for properties under $850k in Teton County, Wyoming.<.p>
Properties within this market segment have seen a corresponding decline in absorption rates as buyers looking for single-family homes and condominiums are jumping at the opportunity to own a piece of Jackson Hole. Available listings have continued to correct from a peak established in 2012 (See Figure 2) with levels normalizing within the last two years.
Inventory of listings priced between $850k and $1.5M have seen only a slight decline through seasonal averages during the same period, while listing inventory numbers in the luxury segments of the market at $3M and above have remained essentially constant.
Across the market as a whole, the average number of days-on-market is down as buyers move quickly to secure quality inventory.
With the increased desire for lifestyle-inspired home purchases and a continued need for workforce housing solutions within Teton County, the lower-priced market segment continues to see robust activity amidst tightening inventory levels.
YEAR-END RESORT MARKET REPORT NOW AVAILABLE
by Staff Writers
JACKSON, WY – The year-end 2016 edition of Jackson Hole Sotheby’s International Realty’s Resort Report is available now.
The Resort Report provides a snapshot into annual sales data for the unique, lifestyle-driven real estate markets of twelve resort communities located within the finest ski destinations in the United States.
The report is a collaboration between eleven independent Sotheby’s International Realty brokerages, and is your gateway to discovering the ski property of your dreams. Explore average sales prices, days on market, average price per square foot and numerous key market metrics. Contact an agent for a copy of the report, or for additional information on the Jackson Hole regional real estate market.