Jackson Hole October 2008 Monthly Sales Data

Jackson Hole, like the rest of the country, continues to experience a slow down in its real estate market. It is fair to note that we are right in the middle of what we call the "off season" in terms of visitation to the area. Also Interesting to note is that high end sales continue to help keep the market alive as 18 of the 92 transactions were for more than $1,000,000. One residence sold in the neighborhood of $19 Million during the month of October, so clearly there are still some high end buyers willing to enter the Jackson Hole market. Also interesting to note is that Jackson area sales volume for the month was higher than other areas which bucked the trend we've been seeing. This is still true even if you take the large sale into account.

Market Sales Data

Total MLS Sales Volume - $84.8 Million

Breakdown

Building Sites - $6.3 Million

Commercial - $5.8 Million

Farm/Ranch - $1.5 Million

Residential - $71.1 Million

Jackson Area Sales Data

Jackson Area Sales Volume - $68.4 Million

Condo's Low - $619,000 High - $3,615,000

Townhomes Low - $539,000 High - $539,000

Residential Low - $672,000 High - $18,720,000*

* sale price not reported due to the fact Wyoming is a non-disclosure state. Price estimated to be 96% of list price.

Despite all the negative news coverage there is money available. Jackson Hole banks are uniquely positioned to lend money because they have a complete understanding and history of the Jackson Hole real estate market having been involved in it for years. In addition there are buyers with cash, or ready access to money, that are viewing this as an excellent time to enter the market as evidenced by the many large deals that have been put together this year. If you're thinking of listing you have to be realistic about pricing and if you are there are people who are willing to buy.