Really estate market in Jackson Hole on fire

Sotheby’s International Realty
Jackson Hole real Estate Market Report Q3 2021

 JACKSON HOLE, Wyo. — With the first post-COVID summer behind us, the “new normal” for the Jackson Hole real estate market has come into focus. And the picture that has been painted after the pandemic is startling.

Year-to-date transactions in Teton County are level with the same period in 2020 (432 vs. 430), and the complementing dollar volume is up 12.4% to more than $1.3B on the year to date. Keeping in mind 2020 was a rollercoaster (for example, April and May were down drastically, while August and September were the two biggest months in Jackson Hole history), so far in 2021, the Jackson Hole real estate market has seen a more consistent performance in the post-COVID world.

Even with a historic shortage of inventory in a strong Seller’s market, the last 12 months of sales activity (that is, October, 2020 through September, 2021) has seen more than $2B in sales volume on nearly 700 transactions.

All segments of the Jackson Hole market have seen a large uptick in the last 18 months. That said, the “upper end” real estate bracket (more than $5 million) has arguably been the most noteworthy. For the first nine months of 2021, the upper end of Teton County posted 66 closings (about 15% of total number of sales) that has equated to $635 million in sales volume (50% of the YTD dollar volume).