Welcome to Rick Armstrongs Jackson Hole Real Estate Market Report . This is my basic summary report that is based on data compiled from the MLS and the records from Teton County public records. I strive to keep myself and my clients educated on the Jackson Hole Real Estate market. I will publish my detailed research in a private email to people who email me at rick@rarejh.com asking to be put on my market report list.
The Real Estate statistics for May 13, 2007 to May 13, 08 compared to May 13, 2006 to May 13, 2007:
The overall JH regional market inclusive of the entire Jackson Hole Valley (all home, lot, condo and commercial transactions or listings) The overall number of sales, is down from 773 transactions to 499 transactions with a total sold volume for the 07-08 period at $777,841,535 vs $860,183,442 (-9.5725%) in the 2006-2007 period when compared to the same period in 2007. The dollar volume was down but the median sale price was up from $725,000 to $945,000 (+ 23.28%) , and the the average sales price rose from $1,112,785 to $1,558,800 (+28.612%). Translation - the prices continue to rise while active inventory is up from 727 to 807 (+ 9.91%) we are at still near historic lows. The high end market over $1 million continues to be brisk - most likely due to the majority of the properties in Jackson Hole being listed, are listed at more than 1.4 million . For more email me.
We also are doing a report on the new Moratorium and what it will effect.
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