While the number of single-family home transactions remained close to the same as mid-year 2016, the average and median sale prices increased, 22% and 7%, respectively. There were only 2 single-family home transactions in the under $500,000 price segment. The majority of single-family transactions were in the $1 million-$2 million price segment, about 41%. Single-family inventory remained about the same as the first half of 2016.
Condominium & Townhome
The condominium/townhome segment remained incredibly strong with increased transactions and increased average and median sale prices, up 34% and 4%, respectively. Teton Village and the Town of Jackson had the most transactions. Approximately 47% of transactions occurred in the $500,000-$1 million price segment. The number of transactions in the under $500,000 price segment decreased 10%, but still, there were 26 transactions in this price segment. Approximately 65% of condominium/ townhome transactions were conventional loan transactions.
Vacant land transactions increased in the first half of 2017, up 30%. Town of Jackson and Hoback areas showed the largest increase in transactions. About 55% of the transactions occurred in the $500,000-$1 million price segment, which pulled the average sale price down. Vacant land inventory remained about the same as the first half of 2016
The luxury segment, de ned as transactions over $3 million, had about 5 transactions fewer when compared to the first half of 2016. While the average sale price increased by 40%, this figure was skewed by a luxury home transaction in Wilson, Wyoming listed at $53 million. There were 4 luxury vacant land transactions and 14 luxury single-family transactions.
more than any other segment of the market, about 60% were cash transactions.