‘The number of annual sales in Teton County are currently constrained by a lack of available inventory. Limited supply and increased demand (especially on the heels of the new tax bill) are pushing individual property values upward. This lack of available inventory is particularly pronounced within Teton Village, Wilson and West of the Snake River, and the Town of Jackson.
Transactions within the Town of Jackson accounted for more than a third of all sales in Teton County in 2017. Nearly 73% of all real estate transactions in the county during the same period occurred at sales prices below $1,500,000.
[View the entire Market Report for additional sales and inventory data]
Single Family Homes
Single family homes in the $1.5-$3M range were the only market segment to show vitality during 2017. The segment priced below $850K experienced significant constraint in sales due to a lack of available inventory.
Condominiums/Townhouses included sixteen fractional units in the year ending 2017 compared to nine during 2016. The average price of fractional units sold in 2017 jumped 28% (to $149,400) compared to 2016.
Land & Ranches
Although Land & Ranches includes one significant sale (originally listed at $53M)—unit volume of vacant land jumped 40% while the average selling price fell 17%.’