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.
For more information visit www.jacksonholereport.com
Q1 2023
Sales Down while Prices Continue to Climb
When compared to Q1 2022, the number of overall sales dropped 31% to 67 in Q1 2023. The last time the valley had fewer than 100 sales in Q1 was back in 2010, coming out of the Great Recession. Back then though, the average sale price for a single-family home was $2.24 million versus $4.96 million today. The drop in number of sales is across the board with single-family home sales down 19%, condo sales down 32%, and vacant residential land sales down 59%.
NUMBER OF SALES
Compared with the first three months of 2022, the number of sales in 2023 is down 31% and the dollar volume is down 37%. In contrast, the median sale price was up 6%, breaking a record for this time year.
SINGLE-FAMILY HOME AVERAGE PRICE
Average Q1 sale prices broke records across the board with single-family home sales averaging $4.96 million, condos/townhomes sales averaging $2.5 million, and vacant residential land sales averaging $2.63 million.
ACTIVE LISTINGS VALLEY WIDE
Overall inventory of active listings increased 103% when compared to 2022 (132 listings). NOTE: This is the SECOND lowest level of available overall inventory in modern history.
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.
Post Office Box 2431
70 King Street
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
Sales Associate
307.690.1614
josie@jacksonholereport.com
