Jackson Hole Condo Market Hot

Graph Source – Teton County MLS

Unit volume has shown a steady rise over the last 2 years, up 70% YTD from the lows of 2009. The Jackson Hole condo market is proving to be strong, up 56% in unit volume over 2010 due to some excellent values in market and the continued demand for the Jackson Hole lifestyle benefits.

Graph Source – Teton County MLS

We continue to see activity in the mid and low range of the market. The average sale price in Teton County according to the Jackson Hole MLS is $1,093.7. Year to date, Jackson Hole had 41 more sales under the $1M mark than in 2010.

In the town of Jackson today, there are 175 active listings, of those 88 are condos, 87 are single family homes, and 27 are commercial listings. Looking at Teton Village and Jackson Hole Mountain Resort, year-to-date June 2011, sales volume in condos has risen 6% while unit sales has increased 81% over 2010.