So far this year data from the Teton County Multiple List Service reports an upward trend in real estate sales in Jackson Hole. In March, for example, unit volume was up 170 percent suggesting increased buyer demand.
Looking at the entire first quarter of 2010, dollar sales volume rose 88% percent over the same period in 2009 according to an analysis of the market and MLS data. Interestingly, twenty-five sales were for properties of more than $1 million, versus only eleven in the first quarter of last year. This could be read as a sign that though there are still excellent values to be found, some buyers see current prices as true bargains and are taking action. It could also point to the lower end of the market beginning to stabilize.Certainly proper pricing has played a key role in getting the market back on track.While the lines on the graph are heading in the right direction, Sothebys continues to increase our sales and marketing efforts keeping us on top of the latest trends with increased e-marketing and creative print advertising.
Our overall expertise as well as strong presence in and around the valley allows us to closely monitor the pulse of the local market activity and helps us to deliver exceptional service to our clients.
Initiatives like this appear to be working for Sothebys and its clients. In Q1 of 2010, Sotheby’s Jackson Hole Brokerage accounted for more than 70 percent of the total dollar volume in Teton County. For more information, visit my website at www.carollinton.com
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