2nd Blog in a series of updates on 2007 statistics:
Sotheby’s International Realty of Jackson Hole has been busy compiling statistics from the past year (2007) and in next series of blog updates I will be taking some of that information and sharing it with you. Leonard Klieman of the Jackson Hole Sotheby’s office has done an incredible job of analyzing Teton County Multiple Listing Service information along with comparing and contrasting data received from Teton County, Wyoming County Assessors Office.
Source: Teton County Multiple Listing Service — Sales Volume for 2007 equaled $792 million. A new record! There were 83 less sales, but $65.9 million more in gross sales volume verse 2006. Since 2005 unit sales have been declining yet volume has been increasing. What does this mean??? Increase sales prices!
There was a noticeable decline in activity in the 4th quarter of 2007. In 2007 unit volume peaked in July which is completely different from years past when September was the busiest month for sales. There were only 26 sales reported in December and only 21 in January of 2008. That is the first time in 3 years that there were 2 consecutive months of fewer than 30 sales. Six months ended Jan. 08 units sales declined 29% from six months Jan. 07.
Look for more statistics in early March!
For more information or if you have any questions or comments please feel free to contact the Gillespie Real Estate Team.