West Side of the Tetons Real Estate Market Report | Year End 2017

MARKET REPORT WEST SIDE OF THE TETONS — YEAR END 2017

WEST SIDE OF THE TETONS — 2017 SALES VOLUME VS. UNITS SOLD YEAR TO DATE DEC. 2007-2017 SALES VOLUMES

SALES VOLUME

UNITS SOLD

UNITS SOLD

1000

$300K

900 $250K

800 700

$200K

600 500

$150K

400 $100K

300 200

$50K

100 2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

0

Unit and sales volumes continue to report positive gains following the recession. Since 2012, sales volume has jumped 134% and unit volumes are up 56%. Average sales prices have increased commensurately—up 42% in the five year period.

Residential prices continue to rise as regional demand increases for more affordable housing. Median prices increased in both the condo and single family categories during 2017 reflecting fewer available listings at the lower end of those markets.

Median prices of building sites declined slightly as a result of an increase in new inventory.

MEDIAN PRICES & MARKET SHARE MEDIAN SOLD PRICE COMPARISON YEAR TO DATE DEC. 31, 2016 VS. 2017 YEAR TO DATE 2016

$400K

YEAR TO DATE 2017

+10%

$350K $300K +8%

$250K $200K $150K $100K

-2%

$50K

SINGLE FAMILY

CONDO & TOWNHOUSE

BUILDING SITES

MARKET SHARE TOP 7 BROKERAGES YEAR TO DATE 2017 $5­0M $4­0M

197 SIDES

110 SIDES

$3­0M

72 SIDES

$2­0M

100 SIDES

$10M

TETON VALLEY REALTY

JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY

ALL SEASONS RESORT REALTY, LLC.

ALTA REALTY

73 SIDES

92 SIDES

87 SIDES

JACKSON HOLE REAL ESTATE ASSOCIATES, LLC.

SAGE REALTY GROUP

SILVER PEAKS REALTY

UNIT SALES & SALES VOLUME # of Residential Properties Sold Year End 2017 Average Sale Price % Change in Average Sales Price from Year End 2016 Average Single Family Home Absorption Rate

265 $410,800 +12.7% 4 Months

The average number of months it takes to sell a property at the current (12 month average) sales pace.

UNIT SALES BY TYPE

SALES VOLUME BY TYPE

YEAR TO DATE DEC. 31 2016 VS. 2017

YEAR TO DATE DEC. 2016 VS. 2017

YEAR TO DATE 2016 300

YEAR TO DATE 2017

YEAR TO DATE 2016 $120M

265

$100M

235

250

214

207

$80M

200

$60M

150

$40M

100

$20M

50

7 BUILDING SITES

RESIDENTIAL

12

5

FARM & RANCH LAND

11

COMMERCIAL & OTHER

RESIDENTIAL

BUILDING SITES

FARM & RANCH LAND

COMMERCIAL & OTHER

UNIT SALES BY AREA

SALES VOLUME BY AREA

YEAR TO DATE DEC. 31 2016 VS. 2017

YEAR TO DATE DEC. 2016 VS. 2017

YEAR TO DATE 2016 199

200

YEAR TO DATE 2017

YEAR TO DATE 2016

YEAR TO DATE 2017

205 178

183 $70M

175

$60M

150

$50M

125

$40M

100 75

62

68

$30M $20M

50 25

YEAR TO DATE 2017

18

17

ALTA, WY

12 VICTOR

DRIGGS

$10M

15

WEST SIDE OF TETON VALLEY

TETONIA

ALTA, WY

VICTOR

DRIGGS

WEST SIDE OF TETON VALLEY

TETONIA

MAIN OFFICE 185 WEST BROADWAY

EAST BROADWAY 110 EAST BROADWAY

FOUR SEASONS RESORT 7680 GRANITE LOOP ROAD

HOTEL TERRA 3335 WEST VILLAGE DRIVE

MANGY MOOSE 3295 VILLAGE DRIVE

SNAKE RIVER LODGE & SPA 7710 GRANITE LOOP ROAD

TETON MOUNTAIN LODGE 3385 WEST CODY LANE

VILLAGE MARKET 3200 MCCOLLISTER DRIVE

WILSON 1230 NORTH IDA LANE

JACKSON HOLE RACQUET CLUB 3535 NORTH MOOSE-WILSON ROAD

TETON PINES RESORT 3415 NORTH PINES WAY

TETON VALLEY, IDAHO ONE SOUTH MAIN STREET

Although the foregoing data has been compiled from sources deemed reliable, Jackson Hole Sotheby’s International Realty does not guarantee its authenticity. It is intended for informational purposes only, is subject to prior sale, error, revision, and cancellation without notice, and should be independently verified with the source of such information. Source data is provided by Teton Board of Realtors MLS (zones 12, 16-19) and supplemented with proprietary sales data for $0 sales. ®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Jackson Hole Sotheby’s International Realty is Independently Owned and Operated.