Jackson Hole Real Estate Market Report | Year End 2017

On behalf of our team of dedicated professionals at Jackson Hole Real Estate Associates, we are pleased to present our comprehensive market report for 2017 year-end. 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.

Persistent demand and lean supply drove prices upward in 2017. Even though the number of transactions remained steady, average and median sale prices increased by 15% and 3%, respectively. The south of Jackson area received the largest increase in the number of transactions, up nearly 60% compared to last year. This is primarily due to the success of the Snake River Sporting Club development, which had 26 transactions in 2017. Properties in the $500,000- $1 million price range were the most popular representing about 37% of total transactions. Active listings declined 23% compared to last year which caused an even more competitive environment for buyers. With 50 properties under contract at 2017 year-end, the start to the new year is expected to follow much of the same pattern of 2017.

Winter Catalog of Fine Properties 2018

Jackson Hole Real Estate Market Report | Q3 2017

On behalf of our team of dedicated professionals at Jackson Hole Real Estate Associates, we are pleased to present our comprehensive market report for the third 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.
When comparing the first three quarters of 2017 to the same period in 2016, the Jackson Hole real estate market remained steadfast. With inventory in short supply (down 11%), the number of transactions kept pace with last year. Nonetheless, demand for property in Jackson Hole remained very strong, which contributed to the increase in average sale price. The price segment with the most market share was the $500,000 – $1 million price segment with 37% of total transactions. The Town of Jackson had a 7% increase in transactions. The area furthest south of Jackson experienced the largest increase in transactions, up about 50% over last year. Approximately 43% of the transactions this year were cash transactions.

The overall market continued to experience a lack of inventory, down 11%. New, realistically-priced properties sold the quickest. In fact, the average number of days a property was on the market dropped 28% when compared to a year ago. View full report by clicking here.

Jackson Hole Real Estate Market Report | Mid Year 2017

On behalf of our team of dedicated professionals at Jackson Hole Real Estate Associates, we are pleased to present our comprehensive 2017 mid-year market report. 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.

When comparing the first half of 2017 to the first half of 2016, the overall number of transactions increased 10%. The area furthest south of Jackson experienced the largest increase in transactions, up about 1200%. The Town of Jackson continued in popularity garnering the most transactions of any area in the valley with 115 transactions. The price segment with the most market share was the $500,000 – $1 million price segment, 40% of the transactions. Approximately 40% of the transactions in the first half of 2017 were cash transactions.

The lack of inventory continued to be a significant issue in the Jackson Hole real estate market. As of mid-year 2017, there were 12% fewer listings when compared to this time last year. The inventory shortage was a contributing factor in increased sale prices, average sale price was up about 5%.

 

2016 Jackson Hole Real Estate Market Report | Quarter 2

The overall market in the first half of 2016 experienced a decrease in the number of transactions, down about 14% compared to the first half of 2015. While the number of transactions fell, the average and median sale prices were still higher in the first half of 2016 than in the first half of 2015. The average sale price increased by about 9% and the median sale price increased about 10%. The average and median sale prices were higher than in 2015, but lower than in the first quarter of 2016. The difference may be attributed to the shift in the distribution of sales in the $500,000-$1 million price range, 39% of total sales. There were 78 transactions under $1 million. Properties also sold more quickly than in the first half of 2015. The average number of days on market decreased by 12%, and by over 18% in the single family and vacant land segments.

The inventory shortage throughout 2015 did not change much in the first half of 2016, with the number of active listings up only 1%. Without a large increase in inventory, low supply will likely continue to be a contributing factor in the balance of 2016.

 

Home in Swan Valley

First 4 photos are of the garage. Then the entertainment center in the basement. Then The basement bedroom and the bed the sister would like if possible. Last is just a photo of the basement family room. Trying out my new wide angle lens.

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Alpine Wyoming Crafstman Home in The Pines

Beautiful custom home located in the Rees Subdivision in Alpine, WY. A quick 35 minute to Jackson Wyoming through Beautiful Snake River Canyon. The Neighborhood borders national forest with views of Ferry Peak. The home is a 2 story Craftsman style built in 2004 with 2 bedrooms, 2.5 baths and a bonus room that can be used as a 3rd bedroom or office on a 0.53 Acre lot with mature trees. The downstairs features a spacious family room with vaulted tongue and groove ceiling with a floor to ceiling stone chimney and wood stove insert. The kitchen has ample counter space and includes stainless electric stove/range, refrigerator, microwave and dishwasher and a breakfast bar. There is a bump out located off the kitchen for a dining table with views of Ferry Peak. French doors lead out of the family room onto a partially covered 12 x 25 deck and the fenced back yard, great for your children and pets. The bonus room and half bath are located down a short hallway off the family room. Bonus room includes built in bookshelves and desk and a separate entrance into the back deck. Laundry room is also downstairs and connects to the attached 2 car garage.
Upstairs is the master bedroom with master bath and walk-in closet that includes a built in dresser. The second bedroom is also located upstairs with full bath and walk in closet.
The house also has a separate Quonset Storage Shed to store anything and everything from four wheel vehciles or Jet ski’s to a boat or third vehicle.

2016 Jackson Hole Real Estate Market Report | Quarter 1

2016 Jackson Hole Quarter 1 Market Report

On behalf of our team of dedicated professionals at Jackson Hole Real Estate Associates, we are pleased to present the newly redesigned 2016 first quarter comprehensive market report for 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 overall market in the first quarter of 2016 experienced a decrease in the number of transactions, down about 23% over the first quarter of 2015. While the number of transactions fell, the average and median sale prices continued to increase. The average sale price increased by about 14% and the median sale price increased about 25%, to $1,025,000. The increase in average and median sale prices can be attributed to supply and demand forces, and a shift in the price point of transactions, a trend experienced throughout 2015. Approximately 1/3rd of the transactions in the first quarter took place in the $1 million-$2 million range, up about 17% compared to the first quarter of last year. In contrast, the number of transactions under $500,000 fell over 50%, and transactions between $500,000 and $1 million were down nearly 30%.

The inventory shortage throughout 2015 did not show much change in the first quarter of 2016, with the number of active listings slightly up 4%. Without a large increase in inventory, supply will likely continue to be a contributing factor in the 2016 real estate market. Currently, there are 72 properties pending in the market setting up the next quarter to easily exceed the first quarter’s transactions. Click below to view the full report.

Freddie Mac Forecasts the Economy and Housing Market Highs and Lows for 2015

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Freddie Mac presented their forecasts of the economy and housing market for 2015 in their November 2014 US Economic & Housing Market Outlook. The report touched on the highs and lows predicted for the new year, including interest rates, home price appreciation and affordability, home sales and starts, single-family originations and rental demand.

Based on macroeconomic indicators, Freddie Mac was optimistic the economy would have a 3% growth rate in 2015. While the dollar is likely to strengthen and interest rates are anticipated to rise, Freddie Mac stated they expect strong job and income growth to “offset the negative effect of higher interest rates and translate into gains for the nation’s housing market.”

To read the full report, visit http://bit.ly/1yklHdD

Yellowstone and Grand Teton Parks Proposed rate hikes

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For decades people could drive, bike or walk through Yellowstone and Grand Teton national parks and pay a single fee good for both places. Those days could be running short. National Park Service officials released a proposal this week that would result in modest increases across the board for weekly and season passes.

 

If the proposal is adopted, next summer a motorist who passes from Grand Teton into Yellowstone could be on the hook for $50 instead of the $25 that is charged today. A stand-alone visit to either Grand Teton and Yellowstone would run $30, an increase of $5 over today’s rate.