Exclusive Affiliate Jackson Hole Real Estate Associates observed that the real estate market in Jackson Hole, Wyoming, hit bottom at the end of 2009. Since then however, there has been a steady climb in the number of sales across the board, most notably in robust sales of single-family homes priced over US$3 million.

In their semi-annual market report, Christie’s Great Estates exclusive affiliate Jackson Hole Real Estate Associates observed that the real estate market in Jackson Hole, Wyoming, hit bottom at the end of 2009. Since then however, there has been a steady climb in the number of sales across the board, most notably in robust sales of single-family homes priced over US$3 million. From the data recorded in the first nine months of 2010, the firm has seen more closed home sales in the over US$3 million segment this year than 2008 and 2009 combined, and anticipates it may outperform 2007 year-end sales for homes over $3 million based on the inventory that is currently under contract. 2007 had the highest number of homes sales over US$3 million in Jackson Hole’s history.

Visit The Jackson Hole Report website for more information or download the entire third quarter report here.