Jackson Hole Luxury Report

Number of Luxury Properties on the Rise

At the end of 2019 (pre-pandemic), there were approximately 1,847 Luxury properties in the valley. Today, there are approximately 2,381 Luxury properties valley-wide; up 30% in just three years. The increase in the number of Luxury properties can be directly attributed to the COVID pandemic and the lack of inventory. Of the 2,381 Luxury properties, approximately 87% are single-family homes. NOTE: The average sale price of a Luxury property to-date in 2023 was $11.37 million.

Both the overall number of sales and dollar volume are down 44% and 41%, respectively. This decrease in the number of sales comes from issues not necessarily locally driven as home mortgage interest rates have doubled, and inflation is still historically high. NOTE: While the number of sales went down from 2022, the number of sales and dollar volume were double the pre-pandemic levels for the first six months of the year.

As a courtesy to our clients, we offer a confidential market analysis of your distinctive Jackson Hole property, as well as annual valuation updates for trust and estate planning. If you own a luxury property in Jackson Hole and would be interested in a confidential market analysis, please fill out the form below or call David at (307) 690-4004 or email david@jacksonholereport.com.

To read the 2023 Luxury Report, please CLICK HERE.

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© Copyright Engel & Völkers 2023. All rights reserved. Each brokerage independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.