The Jackson Hole Chamber of Commerce and Young Professionals of the Tetons will host an online housing update and real estate market review from noon to 1 p.m. Thursday.
A panel of experts will talk about the free market in Jackson Hole real estate but will also discuss affordable housing inventory and opportunities, including a new âPreservation Programâ with down payment assistance thatâs under consideration. How can locals invest in property in Jackson? And how can we work toward strong personal investing, creating a healthy community financially? the invitation says of the discussion.
The panelists are Dave Neville of Jackson Hole Real Estate Associates; Teton County Affordable Housing Director April Norton; Stefani Wells and Jennifer Scott of the Jackson Hole Community Housing Trust; and Wendy Martinez of Habitat for Humanity.
Real estate sales in Jackson Hole soared in 2020, and the agents involved in the record market say it was the disaster of COVID-19 and everything that came with it that created the rush to sell and buy.
Jackson Hole Real Estate Associates, the Christieâs affiliate here, said total sales in the area hit $2.35 billion, up 90% over 2019, with hot residential sales accounting for $1.58 billion of that. Christieâs counted 847 transactions.
Another local standard, the Jackson Hole Report compiled by David Viehman of Engel&Volkers, put total sales at $2.45 billion and 878 transactions. Viehman counted 402 single-family house sales with a total price of $1.49 billion, up 52%. He noted another 263 condo and townhouse sales for $384 million, that dollar amount a 49% rise.