Jackson Hole Real Estate Associates is pleased to present the Star Valley Market Report for Year-End 2018. Drawn from our proprietary, forty-year old database (not just MLS data) and supplemented by our team’s exhaustive knowledge of the area, the Market Report provides the most comprehensive insight into the local real estate market.
The Star Valley real estate market ended the year predictably strong. The appeal of the valley’s secluded beauty and active lifestyle continues to be reflected in the local market, with 2018 seeing 6 percent more transactions and a 7 percent increase in dollar volume over the prior year. Average and median sales prices were also up 1 percent and 7 percent, respectively.
Steady single family home and building site sales contributed to the increase in transactions from 2017 as these property types are high in demand. As evidenced by the average sale price, $289,000, single family home sales drove the market with an 11 percent increase in transactions from 2017. Overall, inventory dropped 7 percent with a total of 544 transactions this year.
At Jackson Hole Real Estate Associates, we closely follow trends in the region’s real estate markets to provide the most up-to-date, relevant and actionable insight. If we can provide more information about your area, please do not hesitate to contact our dedicated team of professionals. Whether you are looking for a home or property, or simply want to learn more about the area’s real estate markets, we welcome the chance to lend our expertise.