(Jackson Hole, Wyo.) – The team of dedicated professionals at Jackson Hole Real Estate Associates are pleased to present their comprehensive market report for the first quarter of 2017. In this detailed report, you will find information on the market segments making up the Jackson Hole area.
As the market leader in Jackson Hole, we have developed a more dynamic report that sheds fresh light on the insights and trends that are shaping our real estate market.
The Jackson Hole real estate market remained strong at the start of the new year. The overall number of transactions increased about 14% and total dollar volume increased 20% when compared to the first quarter of 2016. The vast majority of transactions took place in the $500,000-$1 million price segment. This was a change from the first quarter of 2016 when transactions were more evenly distributed between the $500,000-$2 million price segment. This change can be attributed to an increase in vacant land transactions, up about 50%.
Inventory remained at historical lows, down about 13% when compared to the first quarter of last year. The number of active listings decreased, down about 13%, and the number of listings under contract decreased about 7% when compared to the first quarter of 2016.