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MARKET REPORT TETON COUNTY, WYOMING YEAR END

2018


TETON COUNTY, WYOMING — 2018 SALES VOLUME VS. UNITS SOLD YEAR TO DATE DEC. 2002-2018

SALES VOLUME

SALES VOLUME

UNITS SOLD

UNITS SOLD

$900M

700

$800M 600 $700M 500

$600M $500M

400

$400M

300

$300M 200 $200M 100

$100M

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2018 was record-setting for real estate sales volume. The MLS reported more than $922 million in sales, with 532 units sold for the twelve months ending December 31, 2018. Previously, the best year for Teton County, Wyoming was 2007—during which $804 million in sales volume and 581 units were closed. A reduction in available inventory is likely a contributing factor to the flat-to-slightly-downward trend in unit sales since 2013. Year-over-year, sales volume rose 32% and unit sales increased 14%.

UNIT SALES BY AREA

SALES VOLUME BY PRICE CATEGORY

YEAR TO DATE DEC. 31 2017 VS. 2018

YEAR TO DATE DEC. 31 2017 VS. 2018

YEAR TO DATE 2017

YEAR TO DATE 2017

187

YEAR TO DATE 2018

UNITS SOLD

YEAR TO DATE 2018

164

31

$250M 110

$225M $200M 101

95

82 73

67

102

$150M

75

$125M

54

45

81

$175M 117

14

126

224 220

32

$100M

TETON VILLAGE

WEST OF SNAKE RIVER

NORTH OF TOWN

TOWN OF JACKSON

SOUTH OF TOWN

< $850K

$850K-$1.5M

$1.5M-$3M

$3M-5M

>$5M


SINGLE FAMILY HOMES

Featured Property: # L2TB2S

current market. Sales volume of single family homes jumped 54% on a 26% increase in unit volume, propelled primarily by higherend homes. Above $1.5 million, unit volumes increased 53%, while sales volume surged

AT A GLANCE

of total unit sales during 2018, driving the

CURRENT AREA STATS

Single family home sales represented 46% Number of Single Family Homes Sold Year End 2018

Average Single Family Home Sale Price

% Change in Average Sales Price from Year End 2017

Average Days on Market

243

$2,429,800

+22%

154

72%.

NUMBER OF UNITS SOLD

ACTIVE LISTINGS

YEAR END 2017

*excludes fractional units

END OF SEPT. 2016

YEAR END 2018

END OF SEPT. 2017

73

71

END OF SEPT. 2018

60 55

54

54 49

49

45

45

46

44

41 34

33

32

34

33

31 22

6

5

3

TETON VILLAGE

WEST OF SNAKE RIVER

NORTH OF TOWN

TOWN OF JACKSON

SOUTH OF TOWN

8

TETON VILLAGE

11

WEST OF SNAKE RIVER

NORTH OF TOWN

TOWN OF JACKSON

SOUTH OF TOWN


CONDOMINIUMS/TOWNHOUSES townhouses

represented 35% of total unit sales during 2018. Five sales over $3 million helped to lift the condo market, which reported a 41% increase in sales volume and a 22% increase in unit volume year over year. Four of five sales over

AT A GLANCE

and

CURRENT AREA STATS

Condominiums

Featured Property: # 39N3C

Number of Condominiums Sold Year End 2018

Average Condominiums Sale Price

% Change in Average Sales Price from Year End 2017

Average Days on Market

187

$918,900

+13.4%

187

$3 million were within Teton Village.

NUMBER OF UNITS SOLD

*excludes fractional units

YEAR END 2017

*excludes fractional units

END OF SEPT. 2016

92

YEAR END 2018

ACTIVE LISTINGS

END OF SEPT. 2017

84

END OF SEPT. 2018

43

41

43

43

35 27 22

21 9

TETON VILLAGE

WEST OF SNAKE RIVER

12

NORTH OF TOWN

11

TOWN OF JACKSON

13 5

SOUTH OF TOWN

7 TETON VILLAGE

3

4

3

WEST OF SNAKE RIVER

6

1 NORTH OF TOWN

5

5 TOWN OF JACKSON

2 SOUTH OF TOWN

2


LAND & RANCHES

Featured Property: # 2B4HSN

and ranch unit volume fell 28% while sales volume was off by 21%. A $47 million sale in 2017 was partially offset by a $21.5 million sale duing 2018. Under $1.5 million, unit sales and sales volume of vacant land

AT A GLANCE

2017 to 11% of total sales in 2018. Land

CURRENT AREA STATS

Vacant land fell from 19% of total sales in Number of Land & Ranch Sites Sold Year End 2018

Average Land & Ranch Sites Sale Price

% Change in Average Sales Price from Year End 2017

Average Days on Market

65

$1,915,300

+9.4%

380

declined 39% and 41%, respectively.

NUMBER OF UNITS SOLD

ACTIVE LISTINGS

*vacant land <35 acres

YEAR END 2017

END OF SEPT. 2016

YEAR END 2018

END OF SEPT. 2017

*vacant land <35 acres

END OF SEPT. 2018 75

50

51 40 30

29 21 14

14 5

4

TETON VILLAGE

8

WEST OF SNAKE RIVER

NORTH OF TOWN

26

20 10

7

TOWN OF JACKSON

17 5

SOUTH OF TOWN

6 TETON VILLAGE

21

22 16 8

3 WEST OF SNAKE RIVER

NORTH OF TOWN

TOWN OF JACKSON

7

SOUTH OF TOWN


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 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.

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