September Jackson Hole Real Estate Sales Update:
September….a favorite month in Jackson for many as the nights cool off, the leaves change to a beautiful orange and yellow and the elk begin to bugle. It is normally a strong Real Estate month too. How was the Jackson Hole Real Estate market in September of 2013?
Healthy but not robust would be how we categorize our current market. September 2013 had 47 residential and land transactions with a sales volume close to $31,500,000. The transaction numbers are 28% higher than 2012 September numbers but our volume is off by about 44%. A closer look at the numbers: 47 sales with 39 residential sales verse 8 land transactions. 28 of the residential sales took place under $1 million. The highest sale was $4.8 million which was a large estate home at Spring Creek Ranch. The Town of Jackson dominated the action with 19 sales, 7 sales South of Town and 4 sales in Teton Village. The 8 land transactions were spread throughout and the highest sale was $1,150,000 for a 4 acre lot north of town at Upper Cascade subdivision.
The September numbers look a little down but the market has quite a few pending transactions. Currently there are 91 pending transactions with a transaction that was priced at $32,500,000, one listed for $25 million and another listed for $15 million! Total listed volume is almost $200,000,000! 2/3rds of the pending transactions are priced under $1,000,000.
If you are interested in learning more about the Jackson Hole Real Estate Market please do not hesitate to call the Jackson Hole Experts at 307-413-5243 or send an email to firstname.lastname@example.org. To learn more about coming to Jackson for the Fall or Winter check out the Jackson Hole Chamber of Commerce website.