Inman has awarded REALM the top Luxury Standout for 2022! Inman Media is the leading news source for all things real estate, and this year at their annual Luxury Connect event in Las Vegas, REALM received the sought after Inman Golden I Award. Founded by our very own Julie Faupel in March 2020, REALM connects the world’s most accomplished real estate professionals through a streamlined online platform that focuses on the integration of lifestyles and technology to match clients with property. With over 500 members from 40 states, 12 countries, and 110 different real estate brands, REALM culti ..read more

The Mid Year 2022 Market Report is in! The Jackson Hole real estate market re-balances after 24 months of heated demand and low inventory. The local real estate market is shifting, and quickly at that. In the past 2 years, the lack of inventory has drastically impacted total dollar volume, average sales price and days on market. In the first half of 2021 total dollar volume rocketed to $1.2B, an unprecedented level. The demand for Teton County real estate was fueled by the pandemic driven desire for rural living and increased interest in the western mountain region. Multiple offers and ov ..read more

The 2022 First Quarter Market Report is officially in! Quarter One of 2022 is the first chapter in a different real estate landscape in Jackson Hole. The significant shortage of inventory we have been experiencing for the last two years has hit home, causing the number of transactions to drop over 50% and total dollar volume to drop 23% when comparing Q1 2022 to Q1 2021. Total dollar volume for Q1 checked in at nearly $460M (including an off-market hotel sale of over $100M), single family sales prices continue to rise, and the entry-level end of the market is tightening. 38% of real estate sal ..read more

  If you’re planning a trip to Jackson Hole in 2022—it’s time to think about getting here! The Jackson Hole Airport will be closed temporarily from April 11th through June 27th for maintenance. The airport will be closed to both airline and general aviation operations requiring visitors who wish to visit Jackson Hole by air to find alternative transportation opportunities during this period. Don’t fret—there are still plenty of simple ways to get to Jackson Hole and experience an incredible Spring. The Jackson Hole Chamber has put together a complete guide on alternative routes to Ja ..read more

Introducing the Compass Luxury Division’s 2021 Ultra-Luxury Report—a year-end market snapshot of $10 million-plus sales nationwide, as well as insights, trends, and lifestyles aligned from coast to coast. Thirty markets were analyzed, exploring residential home sales priced at $10 million and above in 2021. The comprehensive data highlights unprecedented growth in the ultra-luxury category. From Malibu to Montauk, sales of lavish abodes reached extraordinary highs, showcasing strong consumer confidence in the long-term potential for appreciation and a renewed affinity for distinguished living ..read more

The 2021 Fourth Quarter Market Report is officially in!  Year-end numbers are here and they clearly illustrate that the Jackson Hole real estate market was in no position to slow down in 2021. The rocky mountain west simply has the desirable lifestyle attributes of freedom, recreation and open space that continues to draw attention and interest. Single family home prices continued to rise (only 16 single family homes sold for under $1M!), inventory continued to remain low, and to no surprise, the luxury market continued to grow. 31% of real estate sales occurred outside of the MLS, and Co ..read more

As 2021 comes to a close, we are more grateful than ever for our clients, family, friends and this community we call home. We are consistently filled with gratitude by the place we live and the people who make it home. As we look ahead to 2022, we wish you happy & healthy holidays—and a joyous New Year! The post Wishing You a Wonderful Holiday Season! appeared first on Graham-Faupel-Mendenhall & Associates ..read more

We are thrilled to announce this month we closed the historical closing of Camp Teton, Wyoming’s highest-selling single-family home. We are beyond proud of this record-breaking sale that demonstrates our commitment to preparation, collaboration, and execution, allowing for a seamless transaction and, most importantly, an ecstatic client. From listing to closing, our intention at every step is to maximize our client’s goals.   Photo by Aaron Kraft   Immediately upon signing the listing agreement on August 8th, we collaborated with our client to develop a robust, cohesive marketing c ..read more

The 2021 Third Quarter Market Report is officially in!  Living in Jackson Hole continues to be highly desirable (to no surprise) and the market is tracking slightly above the numbers we experienced this time last year. More homes are entering the Luxury Segment of the market (above $3M) and the average and median sales prices for Single Family Homes checked in at $4.1M and $2.9M, respectively. Clearly, demand for local estate continues and inventory that is priced properly sells quickly and oftentimes with multiple offers. This quarter, non-reported transactions were on the rise, with 31 ..read more

The Jackson Hole lifestyle with its wide-open spaces, wildlife, scenery, recreation, safety, ease of travel and tax benefits, appears to be more desirable than ever. Real estate year-to-date numbers through Q2 show no signs of slowing down. When comparing YTD through the second quarter 2021 to 2020, the number of transactions in Teton County nearly doubled to 427 and total sales volume more than doubled to $1.2B. The continued exodus of individuals from cities in seek of a less-urban lifestyle, is pushing demand for local real estate to new heights. As a result, some sellers who own real estat ..read more