In early summer when local restaurants and other businesses cautiously re-opened, no one could have predicted what was in store for the regional real estate market.
In all of 2019, and according to the Teton Board of Realtors MLS data, the valley saw $922M in sales volume on 514 sales (or an average overall sale price of about $1.8M). As of the end of September this year, the Teton County market now finds itself in new territory. By the end of Q3, Jackson Hole sold volume posted nearly $1.15B (and with an average transaction price
of more than $2.7M). By Labor Day this year, the Jackson Hole market had already eclipsed the 2019 annual total. In addition, more than $600M in listings are currently under contract, which means the final total for 2020 sales volume could approach $1.8B in sales (or nearly double the 2019 numbers).