Luxury Home Inventory
FEATURED LISTING
500 E SOLITUDE DRIVE LIST PRICE: $8,750,000
Tucked in the shadow of the majestic Tetons, this stunning home is situated on an expansive 5-acre parcel that is adjacent to Grand Teton National Park. The property boasts cathedral ceilings and immense windows that frame breathtaking views of the Tetons, creating a serene and picturesque living experience. Located within the exclusive Solitude subdivision, and amidst an ancient wildlife corridor, this property allows you to witness the beauty of nature right from your doorstep. The home features an enormous art studio and shop, offering a large and versatile space that can be converted to suit a variety of homeowner needs. Solitude Subdivision provides dedicated, private access walking trails to the Snake River, enhancing your outdoor living experience.
Designed with entertaining in mind, the home offers exceptional indoor and outdoor spaces perfect for hosting gatherings and enjoying the tranquil surroundings. This unique property combines luxury, natural beauty, and versatility, making it a rare gem in the heart of the Tetons.
Listed by Andrew Ellett (307) 690-6155 andrew.ellett@evrealestate.com
Contents
OVERALL LUXURY MARKET
Comparing year-end 2024 with 2023, the number of luxury sales dropped by 12%, totaling 35 transactions. However, the overall dollar volume increased by 7%, reaching $561 million.
SINGLE-FAMILY LUXURY HOMES
In 2024, single-family luxury homes made up 57% of all luxury sales. While the number of home sales decreased by 12%, the total dollar volume held steady at $332 million compared to 2023. Notably, the average sale price rose by 20%, reaching $16.6 million.
LUXURY CONDO/TOWNHOUSES
Luxury condos and townhomes are relatively scarce in Jackson Hole, with all but 22 located in Teton Village.
VACANT LUXURY LOTS
Demand for vacant luxury lots in 2024 declined by 57% compared to year-end 2023, with only three transactions totaling $24 million.
FOR THE SELLER/BUYER
Our extensive market knowledge will help you to price or buy your property in this ever-changing market.
MEET THE TEAM
Jackson Hole real estate is a treasured and valuable asset. With this investment in mind, it is vital that your relationship with your Realtor is based on an open line of communication.
SIGNIFICANT SALES
Review some of our significant sales over the last 30 years with which we have been involved either on the listing, the selling, or both sides. 9 12 14 16 18 20 24
Welcome
Greetings from Jackson Hole,
Owning property in Jackson Hole is more than an investment—it’s a statement about embracing a lifestyle as extraordinary as the Tetons themselves. Whether you’re considering buying or selling, understanding the unique dynamics of this market requires more than surface-level insights. It takes a trusted partner with deep expertise and a genuine connection to this community.
For over three decades—and now in the 13th year of this Luxury Report—we’ve been dedicated to providing the most comprehensive and accurate real estate analysis in Jackson Hole. Unlike reports that only track the 40% of Luxury transactions that pass through the local MLS, we meticulously track every sale in Teton County, ensuring our insights reflect the true market landscape. This commitment has made our reports the most trusted and nationally recognized source for Jackson Hole real estate trends.
The Jackson Hole Luxury Report was created 13 years ago to focus on the elite segment of our market, which has grown in strength and sophistication. This year’s edition examines 1,156 premier properties, including condos, townhomes and vacant lots priced at $5 million or more and single-family homes valued at $10 million or more. Whether you’re preparing to sell a property in this segment or exploring opportunities to buy, these insights can help you make informed decisions with confidence.
Our work is rooted in a deep commitment to our clients and the Jackson Hole community. As your trusted advisors, we’re here to provide guidance at every stage—whether you’re strategizing the sale of your home, considering a remodel to maximize value, or simply curious about how current trends affect your property’s worth.
As long-time residents of this valley, we take pride in being part of this vibrant community. We understand that buying or selling a home is more than a transaction—it’s a step into a shared story. That’s why we pair our data-driven insights with reflections on the cultural and natural beauty that make this place so special.
Whether you’re exploring opportunities to buy or preparing to sell, we are here to help you navigate the complexities of the Jackson Hole market with expertise and care. Our goal is simple: to help you achieve your goals while deepening your connection to this remarkable place.
Welcome to the Jackson Hole Luxury Report.
Devon Viehman, Editor
13TH ANNIVERSARY OF THE JACKSON HOLE LUXURY REPORT
Luxury Home Inventory on the Rise
While the number of luxury home sales at the end of the year was down 20% (20 sales) compared to 2023, the number of active luxury home listings has surged by 82%, with 31 homes currently on the market. Following this trend, the average list price for these properties is breaking records at $19.9 million, an increase of 6% from 2023.
Despite the increase in active listings, current inventory is still only half of what it was at the end of 2017, when buyers could choose from 62 luxury homes. Back then, the average list price was $7.275 million. While the rise in inventory provides some options, buyers are still facing constraints. For instance, the 31 active listings span the entire valley, and of those, 17 are over 20 years old, 12 have fewer than 5 acres, and only 9 feature live water. Additionally, many luxury homes cater to a specific type of buyer, making targeted marketing essential for successful sales.
WHAT DEFINES “LUXURY” IN REAL ESTATE?
Nationally, a home is defined as luxury when it lands in the top 10% of a given market. In Jackson Hole, based on the 169 homes sold in 2024, the top 10% starts at $11.25 million.
CHARACTERISTICS OF TODAY’S LUXURY HOMES
Examining the 648 luxury homes currently built, the average size is 6,500 sq. ft., featuring at least four bedrooms on 4.3 acres.
GEOGRAPHIC DISTRIBUTION OF LUXURY HOMES
35%
LOCATED IN GATED COMMUNITIES
33% WITH A GUEST HOUSE
50% WITH SOME FORM OF LIVE WATER
45% IN COMMUNITIES WITH RESORT AMENITIES
Westbank 286
Gros Ventre Buttes 89
Town of Jackson 5
North of the Gros Ventre River 90
South of the Town of Jackson to the County Line 178
TOWNHOME/CONDO AND VACANT LOT
SALES IN THE LUXURY MARKET
When focusing on townhome/condo and single-family vacant lot sales, the luxury market remains at an average of just over $5 million per property. For this reason, we will continue to report on townhome/condo and single-family vacant lot sales and listings exceeding $5 million.
This graph illustrates the historical trends in the top 10% of overall sales.
For more information on properties priced below $5 million, please refer to the Jackson Hole Report at jacksonholereport.com.
TOWNHOMES & CONDOS
$5M+
LOTS $5M+
This report covers 1,156 luxury properties, including 648 luxury homes valued at $10+ million, 201 luxury townhomes/ condos priced at $5+ million, and 307 single-family vacant lots worth $5+ million.
LOOKING AHEAD
Looking ahead, we anticipate a slight increase in demand due to the ongoing shortage of inventory in the luxury market. While home inventory has risen by 82% and townhome/condo inventory has increased slightly, vacant lot inventory has decreased by 42%. Overall, inventory levels remain at historic lows, even as more buyers enter the market. Meanwhile, the average listing price for single-family homes has increased by 6%, reaching $19.9 million.
OFF-MARKET SALES
An Off-Market sale refers to a property that was not publicly listed on the MLS or was briefly posted and then removed before going under contract. Notably, in 2024, only 43% of closed luxury sales were reported to the MLS; the rest were categorized as Off-Market. These transactions typically still involve a Realtor.
OVERALL
LUXURY MARKET
$5+ MILLION
LISTEN TO THE NUMBERS
In 2024, only 43% of luxury sales were reported through the MLS.
Comparing year-end 2024 with 2023, the number of luxury sales dropped by 12%, totaling 35 transactions. However, the overall dollar volume increased by 7%, reaching $561 million.
KEY INSIGHT
Luxury sales represented only 10% of total transactions in Jackson Hole but accounted for a staggering 39% of the total dollar volume in 2024.
ADDITIONAL HIGHLIGHTS
71% of all luxury sales exceeded $10 million.
The highest-priced sale was the Gros Ventre River Ranch in Kelly, listed at $52 million.
Seven luxury properties sold for over $20 million (a 75% increase from 2023). However, only one of these was reported to the MLS, emphasizing the importance of working with experts like us in this exclusive market.
Number of luxury sales decreased 12% to 35
OVERALL MARKET
Market Trends
Overall dollar volume increased 7% to $561M
Current overall inventory decreased 27% (52 listings)
Curious about your property's value?
Take advantage of our complimentary, no-obligation market analysis and get expert insights tailored to your home. Whether you're considering selling, estate planning or just want to stay informed, we provide accurate data to help you make the best decisions.
At the close of 2024, 31 single-family listings were priced over $10 million (up 82%), with 24% of those on the market for more than 12 months.
Tracking luxury market values remains challenging due to the uniqueness of each property. Many sellers initially overprice their homes, which often results in prolonged time on the market before reaching fair market value. In 2024, 33% of luxury listings were on the market for over 12 months. If you’re planning to sell, avoid this pitfall—our confidential property and market analysis will guide you through pricing and the selling process.
Current Market Landscape
Available luxury inventory increased by 27% compared to year-end 2023, totaling 52 listings.
The average listing price rose 22%, hitting a recordbreaking $17.2 million, with a median listing price of $13.95 million (also up 22%).
BREAKDOWN OF AVAILABLE INVENTORY
Of the 52 listings, 14 include properties with 35+ acres.
14 LISTINGS (27%) BETWEEN $5-$10M
15 LISTINGS (29%) ABOVE $20M
OVERALL
23 LISTINGS (44%) BETWEEN $10-$20M
Most Expensive Sale of 2024 Grand View River Ranch
LISTED BY NEVILLE | ASBELL, KELLER
WILLIAMS JACKSON HOLE
SOLD BY BARBARA ALLEN, JACKSON HOLE
SOTHEBY’S INTERNATIONAL REALTY
LIST PRICE: $58M
Overall Under Contract
Grand View River Ranch is not only a veritable guest-ready paradise as it stands, but it also represents boundless potential for an intrepid new owner to re-envision its purpose and potential. Whether you aim to create a stunning private compound for your family, continue the growth of a wildly successful dude ranch, or simply contribute to a noble conservation effort, GVRR represents a chance to own a storied piece of Jackson's history and truly make your mark on its future.
At year’s end, eight properties were under contract (up 40%) with an average list price of $16.6 million and median list price of $13.2 million (up 47%). Of the listings currently under contract, two are vacant lots, one is a townhome, and five are single-family homes.
Most Expensive Under Contract Lake Creek Ranch Lot 7
LISTED BY HUFF | VAUGHN | SASSI, JACKSON
HOLE SOTHEBY’S INTERNATIONAL REALTY
LIST PRICE: $31.5M
Set along the crystal waters of Lake Creek, sits an estate of unequivocal quality and scale. A backdrop of the southern Teton Range sets the stage for this almost 10,000 sq. ft masterpiece, shaped by its idyllic ponds, lawns, and streams. Becoming an owner in Lake Creek Ranch affords the exclusive privileges of on-site horseback riding, private Snake River access and out-thedoor trout fishing; all, just a mere 5 minutes from the base of world-class skiing and the entrance to Grand Teton National Park.
LUXURY HOMES
SINGLE-FAMILY
In 2024, single-family luxury homes made up 57% of all luxury sales. While the number of home sales decreased by 12%, the total dollar volume held steady at $332 million compared to 2023. Notably, the average sale price rose by 20%, reaching $16.6 million.
The year closed with 20 home sales priced over $10 million, marking a 20% decline in this segment. Of these, 45% sold for between $10 million and $15 million.
KEY HIGHLIGHTS
• Nine homes sold for over $15 million.
• Four homes sold for over $20 million.
Most Expensive Single-Family Home Sale in 2024 Bar B Bar Ranch 4
LISTED: BRENDA WYLIE, TODD DOMENICO REAL ESTATE SOLD: RYAN BLOCK, COMPASS JACKSON HOLE LIST PRICE: $32.75M
This immaculately renovated masterpiece has a great room centered upon a majestic stone fireplace that highlights Teton views from every window. William Ohs cabinetry throughout, two dining areas, chef’s kitchen, two generous pantries, and a spectacular glass wine cellar. Five spacious ensuite bedrooms, 6 indoor fireplaces, two entertainment areas, a generous study and newly constructed bar area that opens into a heated stone patio with firepit that overlooks a pond and the Tetons. Improved parcel is +/- 37 acres and unimproved adjacent parcel is +/- 36 acres—73 acres total.
Five luxury homes are currently under contract, with an average list price of $19.5 million.
We recently surveyed general contractors in Jackson Hole to assess the average cost of building a luxury home. The results show that construction costs start around $2,000 per square foot and can reach as high as $4,000 per square foot.
HOT SPOT
The Westbank was the leading area for singlefamily luxury home sales in 2024, with 12 sales. Only one of the 12 sales included a property with 35+ acres.
The Current Landscape
Luxury home inventory has increased by 82% compared to year-end 2023, with 31 luxury homes now on the market. The average listing price has reached a record-breaking $19.9 million, up 6%.
12 HOMES BETWEEN $10-$15M
BREAKDOWN OF AVAILABLE INVENTORY
6 HOMES OVER $25M
13 HOMES BETWEEN $15-$25M
KEY INSIGHTS
• Only 7 of the 31 homes listed sit on 35+ acres.
• Notably, 55% of the luxury homes currently on the market are over 20 years old.
• Of the current inventory, 23% have been on the market for over a year. Some homes remain overpriced for today’s market, while others fail to reflect the true value of the land they occupy.
Most Expensive Home
Listing Riva Ridge C –East Gros Ventre Butte
LISTED BY TOM EVANS, JACKSON HOLE
SOTHEBY’S INTERNATIONAL REALTY LIST PRICE: $40M
Designed by Dubbe Moulder and inspired by American poet Eugene Field’s whimsical Dutch lullaby ‘’Wynken, Blynken and Nod’’, this charming Riva Ridge property showcases Norwegian architecture in a compound of 6 structures featuring over 9,000 sf with 6 bedrooms and 7 baths. and is set on 40.65 elevated acres overlooking panoramic views of the Grand Teton, the Teton Range and the Spring Gulch valley.
Luxury condos and townhomes are relatively scarce in Jackson Hole, with all but 22 located in Teton Village. Currently, 201 units qualify for the Jackson Hole Luxury Report based on values of $5+ million.
BREAKDOWN OF LUXURY UNITS
38
in Four Seasons Hotel
16
Granite Ridge Lodges
Granite Ridge Homesteads 3
in Timbers at Granite Ridge
in Snake River Lodge & Spa
in Crystal Springs Lodge
in Timber Ridge
in Hotel Terra
Ridge Cabins
in Shooting Star (Lodges or Cabins)
in Moose Creek
2024 MARKET TRENDS
in the Town of Jackson
The number of luxury condo/townhome sales increased by 15% from 2023, totaling 8 sales. Both the average and median sale prices also saw significant growth:
Average Sale Price: $8.02 million (+16%)
Median Sale Price: $8.45 million (+40%)
BREAKDOWN OF 2024 SALES 1
in Four Seasons Residence Club
in the Town of Jackson
The Current Landscape
The MLS currently lists 11 luxury units—five in Teton Village and six in the Town of Jackson. These units range in size from 1,584 to 4,074 square feet, with prices between $5.15 million and $13.925 million. All five Teton Village listings are at least partially furnished, whereas four of the six Town of Jackson listings are unfurnished. Contact us for a complete list of available luxury townhomes.
Most Expensive Condo/Townhome
Under Contract The Glenwood Townhomes
LISTED BY BILL VAN GELDER, JACKSON HOLE SOTHEBY’S
INTERNATIONAL REALTY
LIST PRICE: $5.5M
Residence 26 is a 3-bedroom, 3.5 bath 3,150/sf town home with exterior living space, including a private roof top deck with stunning mountain views. The ground floor has gracious 12' ceiling heights with dramatic floor-to-ceiling windows, including a twostory great room designed to bring natural light into the residence while giving you a front row seat to the striking views of the surrounding town.
Most Expensive Condo/Townhome
Listing Homesteads & Lodges at Shooting Star West 4
LISTED BY JOHN RESOR, SHOOTING STAR
REAL ESTATE LIST PRICE: $13.925M
This 4,074 sq ft CLB Architect designed home was completed in fall 2020 with the largest and most thoughtful Lodge floor plan offered at Shooting Star. This Lodge has two primary suites each with a gas burning fireplace, large ensuite baths and walk in closets. The 28 ft high great room has floor to ceiling windows with stunning views west to the Tram at Jackson Hole Mountain Resort. A membership to Shooting Star will be available at Closing to the Buyer.
CHECK OUT THE JACKSON HOLE REPORT PODCAST FOR INSIGHTS ON AFFORDABLE HOUSING AND THE LOCAL REAL ESTATE MARKET!
LUXURY LOTS VACANT
Demand for vacant luxury lots in 2024 declined by 57% compared to year-end 2023, with only three transactions totaling $24 million. All three sales occurred in the South Park area.
KEY INSIGHT
Of the seven available listings, three feature 35+ acres.
South Park was the standout area in 2024, with all three luxury lot sales taking place there.
The Current Landscape
The inventory of luxury lots decreased by 42% at the end of 2024, with just seven single-family luxury home sites available. The average list price has risen 28%, reaching $12.4 million, while the median list price stands at $14.95 million.
Under Contract
One luxury lot is currently under contract, listed at $17.8 million.
3 LOTS BETWEEN
$5-$10M
3 LOTS BETWEEN
$10-$20M
1 LOT OVER $20M
BREAKDOWN OF AVAILABLE INVENTORY
Most Expensive Lot Sale in 2024 San Rodo III Lot 9
LISTED BY MARGI BARRIE & GREG PRUGH, PRUGH REAL ESTATE
SOLD BY PHIL STEVENSON,THE CLEAR CREEK GROUP LIST PRICE: $10.495M
Located at the end of a private road, this peaceful 21.95-acre riverfront homesite is one of Jackson Hole’s best kept secrets. Just three miles from Whole Foods and Highway 22 to Teton Village and five miles to the restaurants and shopping of downtown Jackson Hole, this quiet property offers privacy but proximity to the rest of the valley.
THERE ARE MANY REASONS TO LOVE WYOMING...
Why Wyoming
For a decade running, Wyoming has ranked #1 for business-friendly taxation on Tax Foundation’s annual State Business Tax Climate Index.
No state income tax
No corporate tax
No estate tax
No capital gains tax
No trust tax
Low sales tax
Low property tax
Low inheritance tax
Wyoming does not charge state tax on personal or corporate income. And its sales tax, property tax and inheritance tax are among the lowest in the U.S. In particular, property taxes are based on assessed value. The Teton County rate is 1.2% of the property’s assessed value while the Town of Jackson rate is 0.8%.
In Wyoming, you can shield your real estate from federal estate taxes for up to 1,000 years by establishing a dynasty trust. As a result, multiple generations can make use of and enjoy the property without having to pay estate taxes or worse, having to sell the property in order to pay the taxes.
No state gift tax: a Wyoming property owner can gift that real estate to their heirs without paying a state gift tax.
No tax on out-of-state retirement income. Second-homeowners may have retirement income from another state; Wyoming doesn’t tax retirement income earned beyond its borders.
No excise sales taxes. A tank of gas or bag of groceries are not burdened by state tax.
No intangible taxes: Wyoming does not tax financial assets like stocks and bonds.
No tax on the sale of real estate.
No tax on mineral ownership.
LIST WITH US
For the Seller
PRE-LISTING SERVICES
In-Depth Market Research
When you work with us, you’re partnering with more than just a real estate agent. You’re gaining a dedicated REALTOR® who goes above and beyond to ensure a seamless and successful transaction. Here’s an overview of the comprehensive process we follow to deliver unmatched service.
Analyze comparable listings, sales data, and trends from the MLS, public records, and a proprietary 30-year database to determine the ideal pricing strategy.
Property Assessment
Evaluate zoning, legal descriptions, title reports, land use codes, deed restrictions, and available amenities.
Detailed Inspections
Suggest and coordinate pre-listing inspections to identify and address potential issues, including radon testing and utility analysis.
Tailored Marketing Strategy
Highlight your property’s unique features to attract the right buyers.
Thorough Documentation
Compile HOA documents, subdivision plats, utility usage history, and rental history (if applicable) for prospective buyers.
Curb Appeal and Interior Assessments
Provide actionable recommendations to maximize your property’s appeal.
MARKETING YOUR PROPERTY
Professional Photography
Ensure high-quality images, including drone shots, are taken to showcase your property’s best angles.
Custom Content Creation
Use professionally written brochures, ads, and property websites to engage potential buyers.
Global Exposure
Leverage the Engel & Völkers network across 37 countries and 897 shops, including platforms like E&V Aviation, Yachting, and Polo School.
Online and Print Advertising
List your property on multiple platforms, including the Teton County MLS, Zillow, Trulia, the Jackson Hole News & Guide and Shop TV.
Virtual Tours
Offer comprehensive digital tours to accommodate remote buyers.
Open Houses
Host events for buyers and local agents to generate interest and facilitate connections.
DURING THE LISTING
Buyer Qualification
Vet offers to ensure they meet financial viability.
Feedback Loop
Provide weekly updates on showings and market conditions to keep your property competitive.
Inspection and Repair Management
Oversee inspections, negotiate resolutions, and coordinate necessary repairs to streamline the process.
RECEIVING OFFERS & CLOSING THE DEAL
Offer Evaluation
Review and compare offers, including preparing a Seller’s Estimated Net Proceeds sheet for clarity.
Negotiation Expertise
Work on your behalf to secure the best terms and conditions.
Transaction Coordination
Liaise with attorneys, title companies, and lenders to ensure all documents and financials are accurate for a smooth closing.
Backup Offers
Negotiate additional offers if submitted between contract and closing for added security.
Final Steps
Assist with the buyer’s final walk-through and verify closing figures for accuracy.
Post-Sale Support
Address warranty claims, resolve conflicts, and ensure a positive handoff.
Market Insights
Provide ongoing updates through our quarterly digital newsletter to inform your future real estate decisions.
BEYOND THE SALE
Post-Sale Support
Address warranty claims, resolve conflicts, and ensure a positive handoff.
Market Insights
Provide ongoing updates through our quarterly digital newsletter to inform your future real estate decisions.
For the Buyer
Partnering with us means you’ll have a trusted advisor with unparalleled market knowledge. This report highlights our commitment to providing data-driven insights, helping you navigate the luxury real estate market with confidence. Whether you’re looking for a home, a vacant lot, or a townhome, we’ll leverage our expertise to identify the best opportunities and negotiate on your behalf. With our guidance, you’ll make a smart, strategic investment in Jackson Hole’s exclusive luxury market.
I had come to know David and Devon as professionals recognized in the community for their integrity, with whom I‘d always be comfortable in my dealings. And, with their understanding of the market, and transaction records, I believed them to be the most knowledgeable individuals in the Valley in terms of transaction histories and current property values. My spouse and I were able to engage David and Devon as our brokers.
Our transaction requirements were complicated. There were tax issues and multiple choices and difficult negotiations. David’s advice on property values and negotiating timing and strategy was “spot on”. David’s recognized integrity allowed him to achieve results that would have otherwise not been available.
My spouse and I closed on our two targeted Spring Creek Ranch property acquisitions on February 27, 2018. David represented us at the closing.
— CLAY COOK & JUDITH TABLER
It’s a difficult thing to move on from a home that was a huge part of your life. Working with Devon and David created the best possible experience and outcome. The care and professionalism they had throughout the entire process was amazing. They were also transparent and honest every step of the way. Our former legacy property in Jackson is now in the hands of an amazing new family thanks to Devon and David.
— ANNETTE CUMMING
I can say without question that David Viehman is the most professional, ethical, diligent and knowledgeable broker of any I have ever encountered in my business life. No one knows the area and the real estate market in the Jackson area better than David. I would not hesitate to recommend him highly to anyone seeking to buy or sell property in Jackson Hole.
— WARREN ADLER
Meet the Team
307 690 4004
david@jacksonholereport.com
DAVID VIEHMAN | Associate Broker
David possesses an unparalleled understanding of Jackson Hole’s rich history, a knowledge that deepens his connection to the valley and enhances his ability to serve clients. Over three decades, he has immersed himself in the stories of the land, from the early homesteads and ranching traditions to the rise of conservation efforts and the development of luxury properties. His extensive research for the Jackson Hole Report has allowed him to track not only real estate trends but also the evolving character of the community and its landscapes.
David Viehman’s expertise in real estate has made him a sought-after authority in legal proceedings, serving as an expert witness in both federal and local courts. His in-depth knowledge of Jackson Hole’s unique market dynamics, property valuation, and land-use policies has provided critical insights in cases ranging from boundary disputes to complex property transactions. David’s ability to analyze data, articulate findings, and present clear, unbiased testimony has earned him the respect of attorneys, judges, and peers alike.
Beyond his work in real estate, David is an active and engaged member of the Jackson Hole community. He has volunteered as a Snake River Ambassador, helping to preserve the valley’s cherished natural resources, and served six years on the Grand Teton National Park Foundation Board, contributing to projects that protect and enhance the park for future generations. These roles underscore his commitment to stewardship and his belief in giving back to the community he loves.
307 699 5921
luke@jacksonholereport.com
LUKE SMITH | Associate Broker/Licensed in WY & ID
Luke Smith is a proud Jackson native whose deep roots in the valley and passion for giving back define his approach to both life and community. A retired Moose Hockey player, Luke’s connection to the game runs deep. After years of competing on the ice, he transitioned to mentoring the next generation as a dedicated Jackson Youth Hockey coach and board member. Luke is committed to fostering not only athletic skill but also teamwork, discipline, and confidence in local youth, ensuring hockey continues to thrive in Jackson Hole.
In addition to his involvement with hockey, Luke is an active member of the Lions Club, where he contributes to service projects that support vision health, youth initiatives, and other community needs. His efforts through the Lions Club demonstrate his commitment to improving lives and building a stronger Jackson Hole.
Luke’s deep understanding of Jackson’s history and culture, combined with his leadership and passion for community service, make him a vital part of the valley’s fabric. Whether on the ice, in the boardroom, or volunteering with the Lions, Luke’s dedication to his hometown and its people shines through in everything he does.
307 690 0621
devon@jacksonholereport.com
Devon Viehman is not just a Realtor; she is a committed advocate for her community and a leader in both local and national real estate circles. With a career rooted in service, Devon’s dedication to making a difference extends far beyond buying and selling properties—she is deeply invested in the people and places she serves.
Devon has served on the National Association of Realtors (NAR) Executive Committee and recently completed her term as Regional Vice President, representing six states: Arizona, New Mexico, Colorado, Utah, Nevada, and Wyoming. These roles gave her a unique perspective on market trends and challenges across the West, allowing her to bring unparalleled insight to her clients in Jackson Hole.
As a proud Rotarian, Devon embodies the Rotary motto of “Service Above Self,” working tirelessly to improve the lives of those in her community and beyond. Her Rotary involvement strengthens her ties to the Jackson Hole community and aligns perfectly with her commitment to service and leadership.
Devon’s impact is also felt through her creation of the Community Housing Fund, a visionary initiative that encourages Realtors and their clients to contribute to affordable housing solutions with every real estate transaction. To date, the fund has raised over $750,000, providing critical support for housing in Teton County.
Her service as a Teton County Planning Commissioner and her recent election to the Jackson Town Council highlight her deep understanding of local land-use policies and her commitment to shaping a sustainable future for the community. This blend of experience in governance and real estate gives her rare insight into the intersection of property ownership, development, and community well-being.
As a Realtor, Devon holds the Accredited Buyer Representative (ABR) and Resort & Second Home Specialist (RSPS) designations from NAR, demonstrating her expertise in guiding buyers through complex transactions and understanding the nuances of luxury and second-home markets. Her local knowledge, combined with her leadership experience, equips her to offer advice that few can match.
Devon’s community-first philosophy isn’t just a tagline—it’s a way of life. Whether she’s advocating for affordable housing, collaborating with local government, engaging in Rotary service projects, or connecting buyers and sellers with their dream properties, her actions reflect her unwavering belief in the power of real estate to build stronger communities. Her commitment to service and her deep understanding of the Jackson Hole market make her not only a better Realtor but a trusted partner who is uniquely equipped to navigate the complexities of real estate in this one-of-a-kind region. Devon’s clients benefit from her unparalleled expertise, integrity, and passion for helping others succeed in both property transactions and in life.
With Devon Viehman, you’re not just working with a Realtor—you’re gaining a trusted advisor and community champion who cares as much about your success as she does about the community she calls home.
307 690 0621
devon@jacksonholereport.com
Devon Viehman is an E&V Private Office Advisor
Private Office Advisors are among the most competent and connected real estate professionals in the world. Beyond achieving the highest levels of client satisfaction, trust, and success, these market leaders are respected by colleagues and competitors alike. They are passionate about Engel & Völkers and true standard bearers for our global brand.
Jackson’s Disappearing Workforce
For so many, Jackson, Wyoming is synonymous with iconic mountain ranges, the antler arches, The Cowboy Bar, world-renowned skiing, and our beloved wildlife. And yet, everything we love about Jackson is either protected by or made possible by people.
A consequential imbalance between supply and demand, however, has made it nearly impossible for our local workforce to afford a home. For a household earning median income in 2023, purchasing a median-priced townhome required a $1.1M down payment.
Affordable housing not only provides stability for the people we rely on every day, it supports and strengthens everything we care about in our community. Every sector in Teton County struggles to provide services—big and small—because truly affordable housing for our workforce is in such short supply.
Since 1992, the Jackson Hole Community Housing Trust has been building homes for people who make valuable contributions to our community but cannot afford to live here.
The Community Housing Trust has broken ground on 20 Affordable townhomes in East Jackson.
Community Housing Trust Applicant Spotlights
Mara is a nurse at Teton Outpatient Services and St. John’s Urgent Care; her husband is a physical therapist. Despite two healthcare incomes, they’ve been priced out of Jackson and the surrounding areas.
The stress of the housing market transcends their personal lives and is felt acutely at work: “We keep losing nurses which impacts the rest of the staff who are still here, and there’s a trickle-down effect on patients, like longer wait times for care. We get used to working more with less–the workload has not decreased, if anything, it’s gone up and that’s in addition to the normal increases we see seasonally.”
“Last summer, there was uncertainty around my housing which was extremely stressful, especially thinking about moving far away -- a scary thought as a father. For me, securing an affordable home for my daughter and me would lift an incredible amount of stress off my shoulders.
In addition to valuing critical service providers, my hope is that our community values other vital members who have lived here for a long time and are recognized for their contributions. If you have taken an avalanche course or hired a mountain guide, ask yourself: what value do you place on the people who are with you, teaching you and keeping you safe?”
COMING SOON!
The Community Housing Trust has broken ground on 20 affordable townhomes in East Jackson. To deliver housing that is truly affordable, we leverage generous private philanthropy and partnerships with many of our community’s essential employers.
To learn more about the Jackson Hole Community Housing Trust and how you can make an impact, visit www.housingtrustjh.org.
Conserving Community in Teton County by developing essential, Affordable housing.
Brian is a 25-year resident, father, and year-round mountain guide.
Significant Sales
2520 TRADER ROAD Mountain living in a contemporary home nestled in 5.5 acres of aspen conifer groves. List price $13M
HUCKLEBERRY ESTATE Rare Legacy Estate on Six Lots at Jackson Hole Golf & Tennis. List price $15.5M
CREEK EQUESTRIAN CENTER World Class Equestrian Facility in the heart of Jackson Hole. List price $20M (2002 sale)
VOGEL HILL RANCH #10 35-acre parcel with elevated views of the valley and Tetons List price $8.5M
FAIRWAYS ESTATE AT JACKSON HOLE Stunning 8,000 sq. ft. home on three acres with big Teton views. List price $6.25M
SPRING
PACIFIC CREEK IN-HOLDING Custom log home with two parcels on Pacific Creek, totaling 8.8 acres. List Price $8.5M
3 CREEK CABIN Custom Cabin on the golf course. List price $4.3M
ON SNAKE RIVER 215 acres north of Jackson, on Snake River (first sale ever). List price $5M
Here are some of our significant sales over the last 30 years with which we have been involved either on the listing, the selling, or both sides.
ELLEN CREEK Luxury Living in Teton Village at this ski retreat. List price $12.5M
GRANITE RIDGE LODGE #10
Luxury Ski townhome located directly on the slopes at Teton Village. List price $4.2M
RIVER SPRINGS A luxury three lot subdivision on the Snake River. List price $7.2M
FAIRWAYS ESTATES LOT 37 Exquisite home with panoramic Teton and Sleeping Indian views. List price $5.95M
FAIRWAYS ESTATES LOT 8 Warren Adler’s, author of War of the Roses, personal residence. List price $6.5M
4/B RANCH The historic 4/B guest ranch (85 acre Ranch + a 35 acre parcel). List price $14.95M GILL ADDITION Landmark sale in the most desirable location in town on the National Elk Refuge. List price $4.8M
TUCKER RANCH Custom log home in Tucker Ranch. List price $10M
GRANITE RIDGE HOME LOT 7
Luxury Ski Home located directly on the slopes at Teton Village List price $11.9M
Global Recognition.
Jackson Hole Expertise.
At Engel & Völkers Jackson Hole, our real estate advisors are known for their unmatched level of local neighborhood knowledge paired with extensive global resources and personal connections, to provide an exclusive experience tailored to each of our client's unique needs. We dedicate our time, expertise and passion to help you follow your dream, home.
We hope the Jackson Hole Luxury Report gave you a snapshot of the trends unique to our local Luxury market. To further discuss our research or to receive a digital copy, please contact us at (307) 690-0621 or devon@jacksonholereport.com. You also can write to us at: P.O. Box 2431, Jackson, WY 83001, Attn: Devon Viehman.
* All statistics quoted in the Jackson Hole Luxury Report have been supplied by sources that have been deemed reliable but are not guaranteed.
* All statistics are based on sales in 2024 compared to 2023.
* If your property is currently listed, this is not meant as a solicitation.
JACKSON HOLE LUXURY REPORT GLOSSARY
MLS: A multiple listing service (MLS) is a database established by cooperating real estate brokers to provide data about properties for sale. An MLS allows brokers to see one another’s listings of properties for sale with the goal of connecting homebuyers to sellers.
Median sale price: the price of a property that falls in the exact middle of the price scale, as in there are the same number of sales above and below it.
Average sale price: the total combined dollar volume divided by the number of sales.
Market value: the value of property in terms of what it can be sold for on the open market; current value.
Overall: All luxury sales in Teton County combined – homes, lots, condos, commercial and ranch.
© Copyright 2013-2025 by David E. Viehman. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without explicitly written permission from David E. Viehman.
29TH ANNIVERSARY
DAVID VIEHMAN DEVON VIEHMAN LUKE SMITH