Jackson Hole Real Estate Market Off to a Strong Start in 2019

Demand Continues to Grow for Luxury Properties, Inventory Declines, Jackson Hole Real Estate Associates’ Market Report Finds

Jackson Hole Real Estate Associates is pleased to present our Market Report for the First Quarter of 2019. Unlike other analyses from the area, our Market Report is derived from our proprietary, forty-year old database (not just MLS data) and draws on our agents’ vast experience, making it the most trusted and accurate real estate report in the region.

Below are several highlights from the first quarter. The full report can be read here.

If you have questions or want to learn more, please don’t hesitate to contact me directly. (970) 729-0663 cell, (307) 732-7474 (office)

• The total dollar volume of transactions in Q1 2019 increased 39% even though the number of transactions decreased 11%, compared to Q1 2018.
• Sales above $3M increased 33% compared to Q1 2018.
• The average and median sale prices increased 79% and 73%, respectively. These figures were pushed up by growth in sales between $2M – $5M, which jumped 71% compared to Q1 2018, and sales above $5M, which grew 83%.
• Inventory fell 10% in the first quarter of 2019 relative to the same period a year earlier.
• Single-family homes accounted for 44% of all transactions, followed by condominiums and townhomes, which made up 40% of transactions.