Star Valley 2017 Year-End Market Report

YEAR-END

2017

STAR VAL LE Y R EAL E STAT E M A R K ET R EP ORT

The Market Report This report gives a broad overview of the Star Valley real estate market, however, each neighborhood and property in the Star Valley area is unique and requires individual analysis for an accurate estimate of value and the market conditions which affect the value. Contact any of our professionals at Jackson Hole Real Estate Associates for a more indepth analysis of a specific neighborhood or property.

Jackson Hole Real Estate Associates exclusively owns and maintains the oldest and most comprehensive market database. No other real estate company or agent has the resources available to offer this depth of expertise or insight regarding current or previous market conditions. The unmatched resources and knowledge of Jackson Hole Real Estate Associates, the largest and most dynamic real estate company in the region, combined with the largest independent affiliate networks, Christie’s International Real Estate and Leading Real Estate Companies of the World, offer the ideal balance of local expertise and global reach.

On behalf of our team of dedicated professionals at Jackson Hole Real Estate Associates, we are pleased to present our comprehensive market report for 2017 year-end. In this detailed report, you will find information on the market segments making up the Star Valley area. As the market leader, we have developed a more dynamic report that sheds fresh light on the insights and trends that are shaping our real estate market.

Considering buying or selling in the Star Valley area, please do not hesitate to contact one of our real estate professionals.

14%

AVERAGE SALE PRICE

-2%

MEDIAN SALE PRICE

* The statistics used in this report are from the Teton Board of Realtors Multiple Listing Service (MLS) * This report does not go into detail on every segment of the market, but is intended to offer an overview of general market conditions. Statistics are cumulative. * All statistics are supplied by sources that have been deemed reliable but are not guaranteed. * All statistics are cummulative.

Cover Image: SOLD | List Price: $699,000 | Star Valley Ranch, Wyoming

M A RK E T H IGH LIGHTS

YEAR-END 2017 Overall Market

Demand for real estate in Star Valley remained very

strong. The overall market in 2017 experienced a large increase in the number of transactions, up about

25% when compared to 2016. The average sale price

$284,185

increased as well. The average sale price increased

AVERAGE SALE PRICE

14%. The total dollar volume increased 42%, from 101,977,633 to 144,365,853 in 2017.

$185,500 508

TOTAL NUMBER OF TRANSACTIONS

MEDIAN SALE PRICE

6%

INCREASE IN INVENTORY

SOLD | List Price: $829,000 | Etna, Wyoming

YEAR-END 2017 SINGLE FAMILY

YEAR-END 2017 BUILDING SITES

# of Transactions 243 (up 17%)

# of Transactions 232 (up 35%)

Total Dollar Volume $97,539,070 (up 41%) Inventory 588 (up 7%)

20%

AVERAGE SALE PRICE

Total Dollar Volume $32,607,633 (up 72%)

Average Sale Price $140,550

Median Sale Price $278,625

Median Sale Price $50,000

Average Days on Market 178

MEDIAN SALE PRICE

AVERAGE SALE PRICE

Inventory 831 (up 1%)

Average Sale Price $401,395

5%

27%

Average Days on Market 303

-15%

MEDIAN SALE PRICE

YEAR-END 2017 FARM & RANCH

YEAR-END 2017 COMMERCIAL # of Transactions 4 (down -20%) Total Dollar Volume $439,000 (down -52%)

-41%

AVERAGE SALE PRICE

Median Sale Price $87,500 Average Days on Market 184

Total Dollar Volume $6,086,450 (down -29%)

-29% AVERAGE SALE PRICE

Inventory 63 (no change)

Inventory 97 (up 51%) Average Sale Price $109,750

# of Transactions 6 (no change)

-29% MEDIAN SALE PRICE

Average Sale Price $1,014,408 Median Sale Price $575,000 Average Days on Market 169

26%

MEDIAN SALE PRICE

SOLD | List Price: $850,000 | Grover, Wyoming

307 733 6060 tel 307 733 3483 fax www.starvalleyrealestate.com www.JHREA.com www.tetonvalleyidahorealestate.com www.westernranches.com PO Box 3225 46 Iron Horse Drive Alpine, WY 83128 307 654 7575 tel PO Box 846 235 S Main St Thayne, WY 83127 307 883 7575 tel 80 West Broadway PO Box 4897 Jackson, WY 83001 270 W. Pearl Jackson, WY 83001 Snow King Resort Hotel Jackson, WY 83001 Snake River Sporting Club Jackson, WY 83001 65 S Main St Driggs, ID 83422 208 354 7325 tel