The future of real estate prices in Jackson Hole is always a matter of keen interest to area homeowners and investors. So it’s important when the latest national numbers in the Case-Shiller Index show that the rate of rise in real estate prices has begun to slow.

Several people have asked me, lately, "What are real estate prices doing?". 

A year over year comparison of home sales for a few Jackson Hole neighborhoods, Jan 1 through Sept 30 2013 vs the same time in 2012 shows 10.8% to 11.5% appreciation in 2013.

 

Melody Ranch 4-bedroom Home Sales Comparison
  2012 2013
# of homes sold 6 3
median sales price 773,000 839,500
average sq ft 3207 3064
avg sales price per sq ft 261.55 297.52
avg days on market 411 108
percent of list to sales price 92% 97%

 

Rafter J 3-bedroom Home Sales Comparison
  2012 2013

# of homes sold

 10 15
median sales price 489,000 530,000
average sq ft 1547 1655
avg sales price per sq ft 290.68 311.64
avg days on market 222 150
percent of list to sales price 97% 98%

 

The Aspens 2-bedroom Condo Sales Comparison
  2012 2013
# of condos sold 6 7
median sales price 372,500 428,000
average sq ft 1038 1254
avg sale price per sq ft 336.69 377.99
avg days on market 292 217
percent of list to sale price 96% 97%

 

*All data is from the Teton MLS.  Sales  prices and data are reliable but not guaranteed.