Welcome to our 2022 year-end market report for Teton Valley. Our local team has pulled and analyzed the following data, providing insight into the past year and historical data that helps identify trends in the market. For a deeper understanding of these numbers, our local team here in Teton Valley is always available to discuss further.
Year over year, trends in fashion and interior design carry us into 365 days of new memories and style. Looking toward 2023, we have seen shifts in colorways and design that will make this year one to remember.
Pops of Color
Last year, saw a rise in moody interiors, earthly tones and dark wall colors but, while this trend continues into the new year, bright pops of color are to be expected.
Pantone’s color of the year is Viva Magenta, a bright pinky hue. Among neutrals and dark tones, this burst of color will add energy to the space and make quite a statement. Because of this impact, we suggest using bold colors in open living spaces rather than the bedroom or small rooms.
If you’re looking to integrate color into your home, start with accents, pillows, and throws to play with the style and, as we approach spring, welcome more color and lean into this burgeoning trend.
Mid-century modern furniture and decor have captured the attention of stylists everywhere. Continuing into 2023, classic mid-century design with rounded lines, dark natural woods, and vibrant colors have gone mainstream.
Replicate this look by finding a bold furniture piece to style around or introducing geometric accents or lighting to a space. A total renovation is not necessary with pieces like these local finds:
Create a space that is curated not cookie-cutter. Waste-reducing practices like antiquing and repurposing have led to a trend of mixing furniture and styles. Rather than surrounding a table with six identical chairs, a wooden bench can now find itself across the table from a velvet dining chair and the styling opportunities are nearly endless.
With this trend, it is a good idea to consult a designer or stylist who will help you balance found and new items to look elevated and intentional rather than hodge-podge. Keep in mind that local antique stores are a great source of material and inspiration to accompany new purchases.
When it becomes hard to keep up with the trends, you can’t go wrong with timeless staples like leather, solid wood and neutral tones. Leather goods will wear with time and age beautifully over the years, solid wooden furniture is hard to find but resilient to damage and grounding with it’s dark tones and wood grain and neutral tones can be evolved with the addition of colors and accents. As trends come and go, evolve your space and welcome creativity through style – a new year and a new look.
Home Image: 185 N Glenwood
As the world’s largest brokerage, Keller Williams dominates the landscape in real estate with its global reach. With a marketing platform that touches hundreds of thousands of potential clients each day, our clients can be assured that their listings are reaching qualified buyers around the globe.
Yet, what matters most when selling and buying real estate is in-depth market knowledge, market history and trends that only informed, local real estate professionals can provide. Our Keller Williams office is the fastest growing brokerage in Jackson Hole. Why? We are locally owned with seasoned local leadership and a dedicated support team. Our agents all share a passion for empowering their clients with up-to-date information and guidance that allows them to make the best real estate decisions possible.
In a recent article, Keller Williams President Marc King explains his confidence in the brokerage’s path to success in 2023. Instead of creating a company identity around technology, the shift back to “people first” seems to be the key.
“Real estate is hyperlocal. It’s why I believe our model is the best for helping the consumer because we have offices on the ground; we have leaders on the ground,” he said. “We start from a foundation that real estate is based on a local real estate agent, their sphere of influence and their local knowledge. No one national company is smarter than a local real estate agent.”
“Agents don’t want to go work for a tech company, they want to go work for a real estate brokerage company that leverages tech to help them be more successful,” he added.
Currently, Keller Williams is indeed leading the way among franchisors. In T3 Sixty’s latest Real Estate Almanac, KW dominated the franchise list with a 2021 annual sales volume of $500.1 billion — roughly $200 billion ahead of its nearest competitors RE/MAX ($341.1 billion) and Coldwell Banker ($335 billion). Its franchise performance also secured kwx’s spot on T3 Sixty’s largest holding companies’ list, only being overshadowed by Anywhere who pulled in $737.8 billion.
T3 Sixty founder Stefan Swanepoel and independent real estate analyst Mike DelPrete said the ability to stay at the top will become more challenging as the industry consolidates and brokerages enter “dogfights” to maintain their positions.
“I think [the winners are] companies that are not putting blinders on and just looking at their business, but they’re looking at the whole chessboard and they understand they’re not alone,” DelPrete said in August of the industry’s biggest players, including KW. “They’re not operating in a black box. Everybody’s making moves. Everybody’s making investments. Everybody’s doing new things and cutting out things that aren’t working.”