Q2 2022 Market Report

We are pleased to present the 2022 2nd Quarter Market Report for the Jackson Hole area. In this detailed report, you will find information on the market segments making up the region. As the leading brokerage in Jackson Hole, we have developed this dynamic report to shed fresh light on the trends that are shaping our real estate market.

The Jackson Hole real estate market re-balances after 24 months of heated demand and low inventory.

The local real estate market is shifting, and quickly at that. In the past 2 years, the lack of inventory has drastically impacted total dollar volume, average sales price and days on market. In the first half of 2021 total dollar volume rocketed to $1.2B, an unprecedented level.

The demand for Teton County real estate was fueled by the pandemic driven desire for rural living and increased interest in the western mountain region. Multiple offers and over-asking price sales became commonplace and many listings were on the market for only a matter of days before they were snapped up by desperate buyers.

STAR VALLEY

At mid-year 2022, we are finally seeing a trend toward a reset back to a more reasonable market pace.In the past 2 years, the lack of inventory has drastically impacted total dollar volume, average sales price and days on market. In the first half of 2021 total dollar volume rocketed to $186.2M, an unprecedented level.

The demand for Star Valley real estate was fueled by the pandemic driven desire for rural living and increased interest in the western mountain region. Multiple offers and over-asking price sales became commonplace and many listings were on the market for only a matter of days before they were snapped up by desperate buyers.

TETON VALLEY

The lifestyle attributes that make Teton Valley desirable, gorgeous surroundings and an exceptional quality of life, continue to push demand for local real estate. As the neighboring town of JacksonHole is experiencing a slowdown in both transactions and dollar volume, Teton ValleyIdaho realized an increase in dollar volume comparing Mid-Year 2022 to Mid-Year 2021.