Page 1

MARKET REPORT TETON COUNTY, WYOMING YEAR END

2019


TETON COUNTY, WYOMING — 2019 SALES VOLUME VS. UNITS SOLD YEAR TO DATE DEC. 2003-2019

SALES VOLUME

SALES VOLUME

UNITS SOLD

UNITS SOLD

$900M

700

$800M 600 $700M 500

$600M $500M

400

$400M

300

$300M 200 $200M 100

$100M

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

If only by the slightest of margins, 2019 was once again a record-setting year for real estate sales in Teton County, Wyoming, with more than $922M in dollar volume for the last 12 months. What should be noted, however, is overall transactions fell 3.4% from 532 sales in 2018 to 514 sales in 2019. This dip in activity stemmed from both a lack of inventory and the continued escalation of prices. Residential units drove the 2019 real estate market with four out of five transactions involving a home, townhome or condominium.

UNIT SALES BY AREA

SALES VOLUME BY PRICE CATEGORY

YEAR TO DATE DEC. 31 2018 VS. 2019

YEAR TO DATE DEC. 31 2018 VS. 2019

YEAR TO DATE 2018

YEAR TO DATE 2018

YEAR TO DATE 2019

YEAR TO DATE 2019

205

UNITS SOLD

$300M

187

131

$250M

102

93 75

67

85

82

$150M $100M

49

35

110

$200M 101

31

45

44

126 126

220 178

$50M

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: #KTLZTF

The average sale price increased 8.9% to $2.65M, and the median price of the 221 homes that changed hands in 2019 was $1.8M (which was a 3-bedroom, 2.5-bath remodeled cabin on 1 acre in Wilson). Also, the number of home sales in the Town of Jackson fell 18.3% in the last 12 month (again, mostly due to

AT A GLANCE

and 63.3% of Teton Countyâ&#x20AC;&#x2122;s overall dollar volume.

CURRENT AREA STATS

Homes represented 43% of all transactions in 2019 Number of Single Family Homes Sold Year End 2019

Average Single Family Home Sale Price

% Change in Average Sales Price from Year End 2018

Average Days on Market

221

$2,645,994

+0.9%

163

lack of inventory and escalating prices).

NUMBER OF UNITS SOLD

ACTIVE LISTINGS

YEAR END 2018

END OF SEPT. 2017

YEAR END 2019

END OF SEPT. 2018

*excludes fractional units

END OF SEPT. 2019

73

71 58

55 55

54

60

53

49

50

46

44 39

41 42

34

31

31

34

22

3

8

6

TETON VILLAGE

WEST OF SNAKE RIVER

NORTH OF TOWN

TOWN OF JACKSON

SOUTH OF TOWN

11

TETON VILLAGE

10

WEST OF SNAKE RIVER

NORTH OF TOWN

TOWN OF JACKSON

SOUTH OF TOWN


CONDOMINIUMS/TOWNHOUSES

Featured Property: #MM6W24

transactions numbers fell in Teton Village, the West Bank and North of Town, condo/townhome sales surged in the Town of Jackson (up nearly 37% yearover-year). While the upper-end of the Jackson Hole market garners a lot of attention, it should be noted the median condo/townhome sale in Teton County last year was a 2-bedroom condo in Teton Village

AT A GLANCE

all units sold last year in Teton County. While

CURRENT AREA STATS

Condos and townhomes represented 37.3% of Number of Condominiums Sold Year End 2019

Average Condominiums Sale Price

% Change in Average Sales Price from Year End 2018

Average Days on Market

192

$804,326

-1.2%

118

that sold for $640,000.

NUMBER OF UNITS SOLD

*excludes fractional units

ACTIVE LISTINGS

YEAR END 2018

END OF SEPT. 2017

YEAR END 2019

END OF SEPT. 2018

*excludes fractional units

END OF SEPT. 2019

126

43

92

43 39

43 27

35

13 21 12

TETON VILLAGE

WEST OF SNAKE RIVER

11

NORTH OF TOWN

8

7 5 TOWN OF JACKSON

7

SOUTH OF TOWN

6

3

3

TETON VILLAGE

WEST OF SNAKE RIVER

5

8 2

1 NORTH OF TOWN

TOWN OF JACKSON

2 SOUTH OF TOWN

2


LAND & RANCHES

Featured Property: #MD9Z8T

Mark Twain said, “Buy land, they’re not making it

Forest or some other conservation holding, vacant land opportunities are few and far between in 2020. Vacant land and larger ranch parcels only accounted for 13.4% of the transactions in 2019. The average “days on market” spiked in 2019 to 520 days, but that statistic was skewed by several parcels that

AT A GLANCE

Teton County set aside as National Park, National

CURRENT AREA STATS

anymore.” But with more than 98% of the land in Number of Land & Ranch Sites Sold Year End 2019

Average Land & Ranch Sites Sale Price

% Change in Average Sales Price from Year End 2018

Average Days on Market

69

$1,881,014

-0.18%

520

had been on the market for five years or more.

NUMBER OF UNITS SOLD

ACTIVE LISTINGS

*vacant land <35 acres

YEAR END 2018

END OF SEPT. 2017

YEAR END 2019

END OF SEPT. 2018

*vacant land <35 acres

END OF SEPT. 2019 32 56 50 21

51

20

17 12 8

7

21

7 6

1 WEST OF SNAKE RIVER

NORTH OF TOWN

TOWN OF JACKSON

24

22

17

4

TETON VILLAGE

32

30

SOUTH OF TOWN

8 3 TETON VILLAGE

3 WEST OF SNAKE RIVER

NORTH OF TOWN

7

TOWN OF JACKSON

10

SOUTH OF TOWN


MAIN OFFICE

SNAKE RIVER LODGE & SPA

TETON PINES RESORT

185 WEST BROADWAY JACKSON, WYOMING 83001

7710 GRANITE LOOP ROAD TETON VILLAGE, WYOMING 83025

3415 NORTH PINES WAY WILSON, WYOMING 83014

EAST BROADWAY

VILLAGE MARKET

JACKSON HOLE RACQUET CLUB

110 EAST BROADWAY JACKSON, WYOMING 83001

3200 MCCOLLISTER DRIVE TETON VILLAGE, WYOMING 83025

3535 NORTH MOOSE-WILSON ROAD WILSON, WYOMING 83014

HOTEL TERRA

TETON MOUNTAIN LODGE

TETON VALLEY, IDAHO

3385 WEST CODY LANE TETON VILLAGE, WYOMING 83025

ONE SOUTH MAIN STREET DRIGGS, IDAHO 83422

3335 WEST VILLAGE DRIVE TETON VILLAGE, WYOMING 83025

FOUR SEASONS RESORT 7680 GRANITE LOOP ROAD TETON VILLAGE, WYOMING 83025

WILSON 1230 NORTH IDA LANE WILSON, WYOMING 83014

JHSIR.COM

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.

Profile for Jackson Hole Sotheby's International Realty

Jackson Hole Real Estate Market Report | Year End 2019  

Jackson Hole Real Estate Market Report | Year End 2019  

Profile for jhsir