OUR TEAM
We understand that real estate is about relationships – the ties forged between people and place. Our decades-deep knowledge of the valley combined with Engel & Völkers makes us your Local Real Estate Experts.
JACKSON HOLE REPORT
The Jackson Hole Real Estate Report Podcast, sponsored by the Viehman Group, is your local guide to everything real estate in Jackson Hole, WY. Featuring extensive data collected from our Jackson Hole Real Estate Report including interesting, local insight that affects the market. We invite you to listen in and get a new perspective on buying and selling under the Tetons.
Read the full report at www.jacksonholereport.com
Q3 2024
Is building a home in JH just a dream for most?
In our 2023 year-end Jackson Hole Report we explored balancing Preservation and Growth in Jackson Hole. The report delved into the valley’s developable land history, the scarcity thereof and why, our current housing inventory, and Collaboration for Expansion. The report also broke out the remaining vacant residential land inventory and where it’s located in the valley.
While we also discussed the cost to build a new home in JH and surrounding bedroom communities, we did not explore the cost of the land to build your home on. With the recent skyrocketing cost for single-family platted lots in Jackson Hole we felt it important to discuss the issue further in this report.
NUMBER OF SALES
The overall number of sales (257) was up only 1% while the dollar volume ($1.063 billion) was down 5%. Meanwhile, the average sale price increased 4%, and the median sale price decreased 8% for the first nine months of 2024.
SINGLE-FAMILY HOME AVERAGE PRICE
Single-family home sales are down 5% when compared to the first nine months of 2023. In contrast, the average sale price is up 2%, breaking yet another record at $5.3 million.
ACTIVE LISTINGS VALLEY WIDE
Overall inventory of active listings has decreased by 4% with 248 listings (fourth lowest in 40 years). Following suit, the average listing price is down 2% ($6.42 million).
FEATURED LISTING
Discover unparalleled mountain living in this custom-built log home nestled on just over an acre, offering breathtaking views and boundless outdoor recreation. Located in Bondurant, just 30 minutes from Jackson Hole, this property is an outdoor enthusiast’s dream with access to the Bridger Teton National Forest for hunting, fishing, snowmobiling, and more.
WE KNOW WYOMING
When it comes to Jackson Hole, our standards are high and uncompromising. Engel & Völkers has a long and very personal experience with Jackson Hole real estate. After all, we live and work here, and we are happy to share our love and knowledge of this magnificent area with you. For Jackson Hole truly has it all: romantic cabins in the woods, working cattle ranches, grand lodges on hundreds of open acres, even golf course homes with club amenities just steps away. Somewhere in Jackson Hole is a property that will capture your heart. Together, we’ll find it.
155 W. Broadway
Jackson, WY 83001
(855) 722-2023 Fax
Associate Broker
307.690.4004
david@jacksonholereport.com
Associate Broker
307.690.0621
devon@jacksonholereport.com
Associate Broker
307.699.5921
luke@jacksonholereport.com
