In our Q2 2026 Jackson Hole Market Report, we examined how property values have appreciated over the past three decades. The results revealed several compelling trends, prompting us to conduct a similar analysis for our 2026 Mid-Year Luxury Report.

To evaluate long-term appreciation, we utilized a paired-sales analysis; a method that compares the same or highly similar properties sold during different periods. Using our proprietary database, we identified more than 70 comparable properties that sold between 1995 and 1999 and were resold between 2024 and 2026.

Jackson Hole remains one of the most unique real estate markets in the United States. While resort communities nationwide experience seasonal fluctuations in inventory, Jackson Hole stands apart because of its extraordinary scarcity of developable land. Less than 3% of the valley is privately owned, creating an unmatched supply-and-demand dynamic that has influenced property values for decades. Luxury real estate is even more limited. In 2026, we identified just 1,298 properties, approximately 10% of all free-market properties in the valley, as qualifying as Luxury.