Jackson Hole Real Estate Market Update – First Quarter End 2011

In summary:  Q1 sales rose from 12% on a 57% increase in units.  ASP fell 29% reflecting an 85% increase in sold units under $1 million.  Jackson Hole Wyoming Real Estate Median prices of condos fell 52%, SF rose 35%.  Despite an improvement in unemployment, economic uncertainty caused consumer confidence to fall 11%.  Pending home sales rose in February but new home sales fell as buyers were attracted by distressed properties.  Locally, construction lags although the unemployment rate fell to 7.4% in February.

Click here to download the March 2011 First Quarter Market Update .pdf