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Real Estate Market Setting Records in One of the West's Most Desirable Escapes
The Jackson Hole News & Guide poses a provocative rhetorical question: "When the pandemic came on the scene in late winter, who knew it would lead to the best year ever for Jackson Hole real estate?"
"The valley's real estate market has broken no less than 42 financial and statistical records already this year, according to the Jackson Hole Report's third-quarter update for 2020," according to the article. One of the most eye-popping records among those numerous record is the overall dollar volume of sales through September: $1.558 billion. "Prior to 2020, the best year in Jackson Hole real estate history was in 2007 with $1.576 billion in overall dollar volume." That record was for the entire year, so expect 2020 to far surpass that total by the time it's over.
With the big dollar figures and superlatives of the real estate market in Jackson Hole, there comes a counterweight—a lack of supply. "The overall numbers of available listings are down 44% from this period in 2019, and in no other period in the last 40 years has overall available inventory been this low," according to the article.