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January sales figures, February preview and a final look at 2009

By   /  February 26, 2010  /  2 Comments

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This graph shows January sales going back to 2002. While January 2010 represents a significant increase compared to January 2009, it remains one of the slowest Januarys in the last decade.

This graph shows January sales going back to 2002. While January 2010 represents a significant increase compared to January 2009, it remains one of the slowest Januarys in the last decade.

While I have already discussed January sales numbers in this Teton Realty Today post, this week my brokerage, Sotheby’s International Realty in Jackson Hole, provided a more complete roundup of the month’s sales as well as a thorough analysis of the year 2009. (I also covered 2009 more superficially in this post.)

I am happy to pass along this 56-page presentation as a PDF to anyone interested. It covers not only Teton County, WY, but also Teton County, ID, and Star Valley, WY, as well, in addition to graphs charting consumer confidence, unemployment figures and more.

Some of the deeper analysis available in this presentation I found most interesting included:

  • While it is true that January units and volume were up 174 percent and 194 percent respectively compared with 2009, as the above graph represents, 2010 was the second lowest January for both statistics since at least 2001.
  • January 2010 included 11 sales for a total sales volume of $21.7 million. January 2006 was the most vibrant of the past decade with more than 50 units sold for nearly $60 million.
  • Looking at February sales to date, as of Wednesday there were seven closed transactions for $20.1 million compared to four transactions for $2.3 million at this point in February 2009.
  • There are currently 36 pending sales in Teton County, WY. Of these, Sotheby’s is on the list side of 17 and on the sale side of 14. If you include Terra II, there are 54 pending sales. (Contact me for an explanation of why Terra II properties – which are listed by Sotheby’s – are often excluded from overall pending sales.)

As mentioned above, these statistics are the tip of the iceberg. True statistics geeks are encouraged to request a complete copy of the presentation. Additional graphs include:

  • Quarter-over-quarter percentage changes going back to Q1 2007.
  • Average sales price versus 2009 by month.
  • Teton County sales by region 2009 versus 2008.
  • Average sales price and days on market by Teton County region.
  • Average and median sales by property type.
  • Sales by price range (pie chart!).
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2 Comments

  1. cara says:

    interesting info. i wonder if the affordable units under contract are included in this.

  2. Brian Siegfried says:

    The affordables are not included unless they were listed in the Multiple Listing Service. There was a sale of a Category 4 attainable in Melody last week, for example, that will be included in February numbers.

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