Jackson Hole Luxury Report

Raising the Luxury Market Price Point, Again!

What is considered “Luxury” in a given real estate market? The top 10% of a given market is one gauge used nationally. When we started the Luxury Report in 2012, the top 10% overall market hovered around $2 million. By 2016, the top 10% overall market hovered around $3.5 million. By 2021, it hovered around $8.45 million, and by the end of 2023 it reached $10 million.

Digging deeper into what pushed the Luxury market to $10 million, Luxury home sales accounted for 82% of the 34 overall Luxury sales over $1 0 million in 2023. Of the 171 homes that sold, the top 10% started at $12 million. Currently, of the 64 active single-family home listings, the top 10% starts at $21.5 million. With the Luxury bar raised so dramatically for homes in 2023, going forward this report will only focus on home sales and listings above $10 million.

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.

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