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
Q3 2023
Jackson Hole Market Report
Three quarters of the way through 2023 the real estate market in Jackson Hole is holding firm. It has been over a year since the real estate market experienced a shift in buyer sentiment, triggered by increasing mortgage rates and threats of a national recession. While many buyers have decided to put their purchasing plans on hold driving transactions down, pricing has remained robust compared to a year ago with the average sale price increasing 14%. Since the market shift began over a year ago, the number of transactions has been decreasing vastly compared to the spikes seen during the COVID-19 era. However, those decreases have leveled off with only a slight (-6%) decrease in transactions compared to a year ago. The number of properties available for sale ticked up 24% and so did the average time to sell, up 42%. This data indicates buyers are still buying when the price and circumstances align but there is little urgency to snag a property as soon as it hits the market.