We have a little bit of a dilemma going on in Jackson Hole. Supply and demand is becoming a problem for properties priced under $1 million. There are currently about 133 residential listings (townhomes, condos and single family homes) listed as active in Teton County Wyoming. Of the 133 listings 59 are single family homes and 74 are condos/townhomes.
During the 3rd Quarter the Jackson Hole real estate market averaged 32 sales of homes, condos and townhomes per month priced under $1 million. Quick math tells us we have a little more than 4 months of inventory.
Interest rates are still very low and we have not seen a decrease in Buyer’s interest so it is a great time to be thinking of listing. Christy and I have been very active this summer selling homes. We have been involved with over 30 transactions with 27 listings SOLD! If you are thinking of selling your home please do yourself a favor and call Christy and Garth Gillespie, Jackson Hole Sotheby’s International Realty at 307-413-5243. We have a very professional listing presentation explaining how and why we have had success this year and for over 15 years running.