Trusted Real Estate Experts in Jackson Hole, Wyoming
Brad Andrews
Responsible Broker
Brad@Andrews2.com
(307) 413-5846
Barbara Andrews
Associate Broker
Barb@Andrews2.com
(307) 413-6620
© 2023 Copyright – Andrews Real Estate
Welcome to Andrews2 Real Estate
Brad and Barb have been in the valley since 1990. While they come from opposite corners of the United States, Brad from Florida and Barb from Montana, they both fell in love with Jackson Hole. They married and knew that they wanted to raise a family in this unique area and always call it home. Together they have formed Andrews2 Real Estate. Brad and Barb are part of a management team that encompasses offices that are scattered throughout the surrounding areas. Barb has extensive experience in property management and together they bring a large skill set and personality to the family at Keller Williams Jackson Hole. They are actively involved in the community and enjoy the many facets and activities that Jackson Hole has to offer. Please contact them with any of your real estate questions or needs.
NEW TO THE MARKET
Q2 2023
Jackson Hole Market Report
It has been about a year since the real estate market began shifting locally. A major question on many people’s minds is – Are prices coming down? Based on the year-over-year figures there isn’t any clear evidence of depreciation. In fact, the overall average sale price continued to increase, up 24% from a year earlier. Despite this average price increase, the overall market continues to experience challenges as many buyers wait on the sidelines for a “good deal” and others have been sidelined by affordability issues. The overall number of transactions dropped 14% even though buyers have a nice boost of available properties to choose from with 30% higher inventory compared to last year. Properties are staying on the market an average of 193 days which is up 53%. Could a combination of higher inventory, fewer sales, and longer marketing times force prices down?