Jackson Hole Real Estate Market Update April 2012
Jackson Hole Real Estate Market update for April 2012. We are selling a property just about everyday! Last month the Jackson Hole real estate market had 26 closings for the month which included 21 residential properties and 5 vacant land parcels. The 5 land deals were a welcome sight as we seem to have seen an increase of activity in this market segment.
The median residential sale price was close to $800,000 and the average listing price was $1,300,000. The highest sale was not recorded but was listed for $7,995,000. We saw a resurgence of “non-reported” sales as we saw 6 out of the 26 closed transactions (23%) report a $0 sales price.
Sales were scattered throughout the valley with 8 sales taking place in Wilson or Teton Village, 6 sales taking place “north of town” and 8 sales taking place in the Town of Jackson. Average days on market were 261. 10 sales took place over $1 million.
Activity continues to hold pace as we have 61 pending transactions – 5 of which are vacant land.
For additional information on the Jackson Hole/Teton County Wyoming Real Estate Market please feel free to contact the Jackson Hole Experts – Garth and Christy Gillespie at 307-413-5243 or by email at garth.gillespie@jhsir.com.
