On behalf of our team of dedicated professionals at Jackson Hole Real Estate Associates, we are pleased to present the Teton Valley area comprehensive market report for the 2016 year-end. In this detailed report, you will find information on the market segments making up the Teton Valley area. As the market leader in the Jackson Hole area, we have developed a more dynamic report that sheds fresh light on the insights and trends that are shaping our real estate market.
The overall market in 2016 experienced an increase in the number of transactions, up about 6% compared to 2015. The average sale price increased by 8% and median sale price decreased slightly by 1%. Total dollar volume increased as well when compared to year-end 2015. Total dollar volume increased by 15% from 95,699,722 in 2015 to 109,772,579 in 2016.
The inventory shortage did slightly improve at year-end 2016, with the number of active listings increasing by 11%. Single family home inventory increased as well by about 9%. Click to view full report.