Market Snapshot 2021 Q3: Luxury

Market Snapshot 2021 Q3: Luxury

  • The Gillespie Real Estate Team
  • 11/4/21

Fueled by an uptick in land sales, the Luxury Sector of the market increased in both listings and sales. Properties that sell above the $3M mark define the luxury threshold in Teton County. More properties entered this category due to an overall increase in average sales price. Luxury transaction growth YD 2021 vs. 2020 is up 18% and total dollar volume increased by 17% as well. The south-of- Jackson area spiked in transaction volume as list prices in those regions surpassed $3M. Pending listings are down significantly as luxury listings closed briskly in Q3 and inventory is down more modestly at 9%. VIEW FULL MARKET REPORT

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