Straight out of the Jackson Hole Sotheby’s International blogosphere, a chief guru,
“Real Estate Volumes at Best Levels in 6 YearsSecond Quarter 2013 unit sales soar”
“Second quarter 2013 unit sales soared 62% over 2012. In fact, year over year unit volumes have improved in 11 of the last 12 quarters reinforcing the trend of continued market recovery in Jackson Hole.
Total sales volume in Jackson Hole rose an impressive 45% Q2 2013 vs. Q2 2012. All areas of the Valley experienced solid growth.
Single family homes led the upsurge in activity with exceptionally robust growth in both unit sales and volume, up 128% and 150%, respectively.
January to June sales were the strongest we have seen in six years with volume up 46% and unit sales 50% ahead of the same period last year. We are seeing growth in all areas of Jackson Hole with properties north of town and those south of town more than doubling previous year’s activity. Volume and unit sales were up across the price categories we track as well, low to high.
With active listings down 16% from 2012 and unit sales up 50%, our months of supply have declined substantially.
The included slides provide some of the detail referenced above but please contact me for additional information on the market.”