Teton Valley Real Estate Market Report | Q3 2020

MARKET REPORT WEST SIDE OF THE TETONS QUARTER 3

2020

PRICING & MARKET SHARE

Featured Property: #Z7EGHM

AVERAGE SOLD PRICE COMPARISON

MARKET SHARE BY SALES UNITS

YTD 2019 VS. 2020

12 MONTHS ENDING SEPTEMBER 30, 2020

1.7% 2.6%

1.7% 1.3% 1.8% 2.5% 3.0%

YTD 2019 YTD 2020

+24.41% $600K $500K

22.6%

$400K

6.1%

+10.1%

$300K $200K

1.3%

7.1%

$100K

15.8%

9.1% SINGLE FAMILY

CONDOS & TOWNHOMES

BUILDING SITES

AT A GLANCE

CURRENT AREA STATS

10.2% Unit Sales on Individual Lots Year to Date

+66.5%

% Change in Median Home Price Year to Date

+24.7%

14.5%

JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY Teton Valley Realty

All West Realty

Alta Realty

Berkshire Hathaway

Jackson Hole Real Estate Associates

West Group Real Estate

Sage Realty Group Non-Member Agency

Spitzer Realty, LLC Live Water Properties, LLC All others

Century 21 Teton Valley Cover Properties: # S33FPD

UNIT SALES & SALES VOLUME

Featured Property: #ZWVE45

SALES VOLUME BY TYPE

UNIT SALES BY TYPE

Q3 YTD 2019 VS. 2020

Q3 YTD 2019 VS. 2020

Q3 YTD 2019

Q3 YTD 2019

Q3 YTD 2020

Q3 YTD 2020

$200M $160M

343

$120M

269 213

206

$80M $40M

5 RESIDENTIAL

BUILDING SITES

FARM & RANCH LAND

COMMERCIAL & OTHER

RESIDENTIAL

BUILDING SITES

SALES VOLUME BY AREA

UNIT SALES BY AREA

Q3 YTD 2019 VS. 2020

Q3 YTD 2019 VS. 2020

Q3 YTD 2019

Q3 YTD 2019

Q3 YTD 2020

10

FARM & RANCH LAND

19

8

COMMERCIAL & OTHER

Q3 YTD 2020

281

$100M 205

195

$80M

147

$60M $40M

131 71

$20M

19

ALTA, WY

# of Residential Properties Sold Q3 YTD 2020

VICTOR

#

269

DRIGGS

Average Residential Sale Price Q3 YTD 2020

TETONIA

$560,806

23

ALTA, WY

% Change in Average Residential Sales Price from Q3 YTD 2019

VICTOR

+21.2%

DRIGGS

TETONIA

Average Single Family Home Days on Market

156

MAIN OFFICE

FOUR SEASONS RESORT

TETON MOUNTAIN LODGE

185 WEST BROADWAY JACKSON, WYOMING 83001

7680 GRANITE LOOP ROAD TETON VILLAGE, WYOMING 83025

3385 WEST CODY LANE TETON VILLAGE, WYOMING 83025

EAST BROADWAY

SNAKE RIVER LODGE & SPA

TETON PINES RESORT

110 EAST BROADWAY JACKSON, WYOMING 83001

7710 GRANITE LOOP ROAD TETON VILLAGE, WYOMING 83025

3415 NORTH PINES WAY WILSON, WYOMING 83014

JACKSON HOLE RACQUET CLUB

HOTEL TERRA

3535 NORTH MOOSE-WILSON ROAD WILSON, WYOMING 83014

3335 WEST VILLAGE DRIVE TETON VILLAGE, WYOMING 83025

DRIGGS SOUTH ONE SOUTH MAIN STREET DRIGGS, IDAHO 83422

DRIGGS NORTH JHSIR.COM

10 NORTH MAIN STREET DRIGGS, IDAHO 83422

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 for areas one through ten, 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.