2021 narrowly eclipsed the overall sales volume of the previous year, albeit on fewer transactions, to once again tally a new benchmark within the Jackson Hole real estate market. The frenetic pace of transactions accompanied a robust surge in tourism that aligned with an easing of pandemic restrictions across the country. Pent-up demand quickly absorbed already-reduced inventory levels and bolstered the existing seller’s market.
The latest collaborative, annual Resort Report from Sotheby’s International Realty affiliates provides a deeper look into the current market environments of the nation’s top ski resort communities—with a focus on single-family home and condominium sales. Trends witnessed in Teton County were echoed throughout the West.
Across the country, demand for resort living has continued to surge over the last two years. Brought on by the events of 2020 and pandemic lifestyle changes, consumers have begun to put a premium on their living situations, choosing to live where they want rather than where they need to. This shift in mentality and the ability to work and stay connected remotely led to a major migration from the city to resort regions throughout the Western United States…