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JH 2017 Year End Jackson Hole Market Analysis

Page 1

TOP PRODUCING TEAM, 2017

End of Year - 2017

The Most Comprehensive Jackson Hole Market Analysis


THE JACKSON HOLE 2017 YEAR- END MARKET REPORT The NeVille Group has had many achievements over the years and are honored this year by once again being named Top Producing Team by Jackson Hole Real Estate Associates, for 2017. First and foremost, we would like to thank our clients, industry providers of Title work, lending, engineering, marketing, inspectors and all others. Our team is committed to continue our high level service to our clients based on positive outcomes and relationships. By staying on top of market trends and continuing to offer cutting edge services, we deliver extraordinary experiences to clients and exceed their expectations.

TOP PRODUCING TEAM, 2017 * The statistics used in this report are from the Teton Multiple Listing Service (MLS) and JHREA’s internal database. * 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. Cover Image: Aspensong,

2


TABLE OF CONTENTS LISTING PRICE: 18, 000,000 SOLD: TOP SALE 2017

I. Market Hightlights JHREA’s overall market details for year-end 2017.

PG 4-5

II. Detailed Statistics By Sub-Market The NeVille Group’s exclusive detailed market summary on each of the 7 sub-markets in Jackson Hole using MLS information only.

PG 6 -15

NEW LISTING $9,695,000

III. Summary Our overall market details summary.

PG 16-21 3

4 ACRES WITH POND $1,425,000


MARKET HIGHLIGHTS


M A R K ET HIGHLIGHTS

17% AVERAGE SALE PRICE

3% MEDIAN SALE PRICE

15% TOTAL DOLLAR VOLUME

1% TOTAL TRANSACTIONS

Within this report you will find overall statistics on Jackson Hole residental, vacant land, commercial, and farm and ranch, as well as targeted information on 7 micro-markets we’ve identified: Teton Village, North of Wilson, South of Wilson, Central Valley, Northern Valley, Town of Jackson and South of Jackson.

Jackson Hole tourism numbers continue to increase as does the real estate market. As Jackson Hole continues on this growth trajectory, do not hesitate to contact a real estate professional for a market report in your area.

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MA RKE T H I G H L I G H T S SALES DISTRIBUTION BY SEGMENT

295

SINGLE FAMILY

36%

TRANSACTIONS UNDER $1 MILLION

CONDO/TOWNHOME

36%

VACANT LAND

19%

213

34

OTHER

9%

TRANSACTIONS $1-5 MILLION

SALES DISTRIBUTION BY PRICE

TRANSACTIONS $5 MILLION+

UNDER $500K

18%

37%

26%

HIGHEST SALE $53,000,000 RANCH $18,000,000 RESIDENTIAL LOWEST SALE $270,000 *statistics are cumulative Q1-Q3

13%

6%

5

$500K-$1M

$1M-$2M

$2-$5M

OVER $5M


DETAILED STATISTICS BY SUB-MARKET


I,

TETON VILLAGE (Realtor Multi-Listing Service Statistics)

Single Family Homes

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

7

8

14.29%

8

Low Sale

Old Village

$3,170,000

Pending

4

5

25%

0

Med Sale

Moose Wilson

$4,500,000

Units Sold

6

5

-16.67%

5

High Sale

Old Village

$7,268,000*

Avg Sold Price

$3,969,233

$4,742,600

19.48%

$4,742,600

2017 Top Sale

Old Village

$7,268,000*

Median Sold Price

$3,362,500

$4,500,000

33.83%

10

10

0.00%

$4,500,000 (Realtor 10 Multi-Listing Service Statistics)

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

25

21

-16.00%

21

Low Sale

SR Lodge

$310,000

Pending

3

3

0.00%

3

Med Sale

Hotel Terra

$1,012,500

New Listings Attrition Multi Family Homes

Units Sold

2017 Highlights

2017 Highlights

38

30

-21.05%

30

High Sale

Shooting Star

$4,250,000

$1,288,682

$1,417,042

9.96%

$1,417,042

2017 Top Sale

Shooting Star

$4,250,000

$910,000

$975,000

7.14%

$975,000

43

43

0.00%

43

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

5

5

0.00%

5

Low Sale

Curtis Dr

$1,250,000

Pending

8

1

-87.50%

1

Med Sale

Shooting Star

$2,622,000

Units Sold

9

5

-44.44%

5

High Sale

Shooting Star

$3,800,000

Avg Sold Price

$2,606,000

$2,619,400

0.51%

$2,619,400

2017 Top Sale

Shooting Star

$3,800,000

Median Sold Price

$2,700,000

$2,622,000

-2.89%

$2,622,000

4

9

125.00%

9

Avg Sold Price Median Sold Price New Listings Attrition Building Sites

New Listings Attrition

2017 Highlights

* Sales price was “undisclosed�, 92% of list price was used. *Information herein is deemed reliable but not guarenteed. Data is relative to the whole market and may not reflect every sale.

6


NORTH OF WILSON (EXCLUDING TETON VILLAGE, Realtor Multi-Listing Service Statistics)

Single Family Homes

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

24

27

12.50%

27

Low Sale

Teton Cabins

$585,000

Pending

4

3

-21.05%

30

Med Sale

Wilson Meadows

$2,225,000

Units Sold

35

29

-17.14%

29

High Sale

John Dodge

$6,850,000

Avg Sold Price

$1,999,171

$2,841,991

42.16%

$2,841,991

2017 Top Sale

John Dodge

$6,850,000

Median Sold Price

$1,640,000

$2,417,750

47.42%

$2,417,750

New Listings Attrition

47

48

2.13%

48

Multi-Family Homes

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

3

11

266.67%

11

Low Sale

Aspens

$400,000

Pending

4

3

-25.71%

26

Med Sale

Aspens

$630,000

Units Sold

31

23

-25.81%

23

High Sale

Aspens

$1,475,000

Avg Sold Price

$601,596

$697,729

15.98%

$697,729

2017 Top Sale

Aspens

$1,475,000

Median Sold Price

$550,000

$657,000

19.45%

$657,000

49

40

-18.37%

40

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

8

5

-37.50%

5

Low Sale

Teton Pines Cluster

$400,000

Pending

2

0

-30.00%

7

Med Sale

Stilson

$1,262,500

Units Sold

9

8

-11.11%

8

High Sale

John Dodge

$4,000,000

Avg Sold Price

$1,264,278

$1,772,688

40.21%

$1,772,688

2017 Top Sale

John Dodge

$4,000,000

Median Sold Price

$1,200,000

$1,231,250

2.60%

$1,231,250

17

14

-17.65%

14

New Listings Attrition Building Sites

New Listings Attrition

2017 Highlights

2017 Highlights

2017 Highlights

* Sales price was “undisclosed”, 92% of list price was used. *Information herein is deemed reliable but not guarenteed. Data is relative to the whole market and may not reflect every sale.

7


SOUTH OF WILSON (Realtor Multi-Listing Service Statistics)

Single Family Homes

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

15

12

-20.00%

12

Low Sale

Red Top

$533,000

Pending

4

2

-15.00%

17

Med Sale

Burcher Rd

$1,200,000

Units Sold

19

15

-21.05%

15

High Sale

Crescent H

$16,560,000*

Avg Sold Price

$1,898,500

$2,652,000

39.69%

$2,652,000

2017 Top Sale

Crescent H

$16,560,000*

Median Sold Price

$1,475,000

$1,200,000

-18.64%

$1,200,000

New Listings Attrition

32

26

-18.75%

26

Multi-Family Homes

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

2017 Highlights

2017 Highlights

There are rarely any Mutli-Family units sold in this area.

Pending Units Sold Avg Sold Price Median Sold Price New Listings Attrition Building Sites

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

16

14

-12.50%

14

Low Sale

Pineglen

$370,000

Pending

0

0

40.00%

7

Med Sale

Indian Paintbrush

$795,000

Units Sold

5

7

40.00%

7

High Sale

Crescent H Tract 9

$2,300,000

Avg Sold Price

$3,639,600

$1,580,000

-56.59%

$1,580,000

Median Sold Price

$1,600,000

$795,000

-50.31%

$795,000

13

18

38.46%

18

New Listings Attrition

2017 Highlights

2017 Top Sale Crescent H Tract 9

* Sales price was “undisclosed�, 92% of list price was used. *Information herein is deemed reliable but not guarenteed. Data is relative to the whole market and may not reflect every sale.

8

$12,788,000*


CENTRAL VALLEY

(SNAKE RIVER TO THE ELK REFUGE & HWY 22 NORTH TO SAGEBRUSH, Realtor Multi-Listing Service Statistics)

Single Family Homes

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

19

22

15.79%

22

Low Sale

Gros Ventre W

$900,000

Pending

2

1

-31.82%

15

Med Sale

JH Golf & Tennis

$2,035,000

Units Sold

19

19

0.00%

19

High Sale

Indian Springs

$11,500,000*

Avg Sold Price

$3,970,342

$3,085,811

-22.28%

$3,085,811

2017 Top Sale

Indian Springs

$11,500,000*

Median Sold Price

$2,800,000

$2,600,000

-7.14%

$2,600,000

32

35

9.38%

35

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

4

0

-100.00%

0

Low Sale

Teton Shadows

$605,000

Pending

1

1

16.67%

7

Med Sale

Spring Creek

$657,500

Units Sold

6

6

0.00%

6

High Sale

JHG&T Cabin

$1,895,000

Avg Sold Price

$879,500

$995,833

13.23%

$995,833

2017 Top Sale

JHG&T Cabin

$1,895,000

Median Sold Price

$748,000

$707,500

-5.41%

$707,500

7

5

-28.57%

5

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

38

34

-10.53%

34

Low Sale

US HWY 89

$273,423

Pending

1

2

21.43%

17

Med Sale

Saddle Butte

$725,000

Units Sold

9

18

100.00%

18

High Sale

E Gros Ventre Butte

$5,520,000*

Avg Sold Price

$1,940,333

$1,384,012

-28.67%

$1,384,012

2017 Top Sale

E Gros Ventre Butte

$5,520,000*

Median Sold Price

$1,150,000

$945,000

-17.83%

$945,000

40

31

-22.50%

31

New Listings Attrition Multi Family Homes

New Listings Attrition Building Sites

New Listings Attrition

2017 Highlights

2017 Highlights

2017 Highlights

* Sales price was “undisclosed”, 92% of list price was used. *Information herein is deemed reliable but not guarenteed. Data is relative to the whole market and may not reflect every sale.

9


NORTH VALLEY

(SAGEBRUSH DRIVE NORTH TO MORAN & SNAKE RIVER EAST TO KELLY, Realtor Multi-Listing Service Statistics)

Single Family Homes

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

17

17

0.00%

17

Low Sale

Kelly WY

$503,000

Pending

1

0

-17.65%

14

Med Sale

Moulton Ranches

$1,230,000

Units Sold

19

14

-26.32%

14

High Sale

Solitude Home

$5,796,000*

Avg Sold Price

$1,727,231

$2,212,821

28.11%

$2,212,821

2017 Top Sale

Solitude Home

$5,796,000*

Median Sold Price

$1,280,000

$1,224,500

-4.34%

$1,224,500

New Listings Attrition

28

30

7.14%

30

Multi-Family Homes

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

2017 Highlights

2017 Highlights

There are rarely any Mutli-Family units sold in this area

Pending Units Sold Avg Sold Price Median Sold Price New Listings Attrition Building Sites

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

30

19

-36.67%

19

Low Sale

Pacific Creek

$305,000

Pending

1

1

-7.69%

12

Med Sale

Owl Creek

$875,000

Units Sold

11

12

9.09%

12

High Sale

Bar B Bar

$3,000,000

$1,490,364

$983,646

-34.00%

$983,646

2017 Top Sale

Bar B Bar

$3,000,000

$890,000

$877,500

-1.40%

$877,500

25

16

-36.00%

16

Avg Sold Price Median Sold Price New Listings Attrition

2017 Highlights

* Sales price was “undisclosed”, 92% of list price was used. *Information herein is deemed reliable but not guarenteed. Data is relative to the whole market and may not reflect every sale.

10


TOWN OF JACKSON (Realtor Multi-Listing Service Statistics)

Single Family Homes

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

21

19

-9.52%

19

Low Sale

Cottonwood

$544,500

Pending

11

10

-1.59%

62

Med Sale

Town of Jackson

$715,000

Units Sold

62

58

-6.45%

58

High Sale

Gill Addition

$4,800,000

Avg Sold Price

$988,488

$1,135,581

14.88%

$1,135,581

2017 Top Sale

Gill Addition

$4,800,000

Median Sold Price

$775,000

$986,950

27.35%

$986,950

New Listings Attrition

74

80

8.11%

80

Multi-Family Homes

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

19

16

-15.79%

16

Low Sale

Ponderosa Village

$280,000

Pending

9

10

3.19%

97

Med Sale

Hawks View

$537,500

Units Sold

93

85

-8.60%

85

High Sale

Pine Glades

$1,850,000

Avg Sold Price

$632,746

$627,182

-0.88%

$627,182

2017 Top Sale

Pine Glades

$1,850,000

Median Sold Price

$496,800

$535,000

7.69%

$535,000

109

110

0.92%

110

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

17

3

-82.35%

3

Low Sale

Snow King Estates

$385,000

Pending

1

1

0.00%

11

Med Sale

Gill Addition

$657,800*

Units Sold

11

10

-9.09%

10

High Sale

Glenwood St

$2,346,000*

Avg Sold Price

$932,000

$902,180

-3.20%

$902,180

2017 Top Sale

Glenwood St

$2,346,000*

Median Sold Price

$635,000

$657,800

3.59%

$657,800

23

15

-34.78%

15

New Listings Attrition Building Sites

New Listings Attrition

2017 Highlights

2017 Highlights

2017 Highlights

* Sales price was “undisclosed”, 92% of list price was used. *Information herein is deemed reliable but not guarenteed. Data is relative to the whole market and may not reflect every sale.

11


SOUTH OF JACKSON (Realtor Multi-Listing Service Statistics)

Single Family Homes

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

29

26

-10.34%

26

Low Sale

Rafter J

$600,000

Pending

9

9

0.00%

55

Med Sale

Melody Ranch

$1,325,000

Units Sold

52

50

-3.85%

50

High Sale

3 Creek Ranch

$4,750,000

Avg Sold Price

$1,393,033

$1,558,942

11.91%

$1,558,942

2017 Top Sale

3 Creek Ranch

$4,750,000

Median Sold Price

$1,015,000

$1,350,000

33.00%

$1,350,000

New Listings Attrition

84

93

10.71%

93

Multi-Family Homes

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

2

0

-100.00%

11

Low Sale

Deer Dr

$270,000

Pending

0

0

0.00%

8

Med Sale

NE Forty

$570,000

Units Sold

6

11

83.33%

11

High Sale

Waldon Pond

$700,000

Avg Sold Price

$624,375

$548,409

-12.17%

$548,409

2017 Top Sale

Waldon Pond

$700,000

Median Sold Price

$627,125

$577,500

-7.91%

$577,500

15

9

-40.00%

9

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

45

25

-44.44%

Low Sale

King Eider

$300,000

Pending

1

3

146.15%

Med Sale

3 Creek Ranch

$725,000

Units Sold

13

29

123.08%

High Sale

3 Creek Ranch

$3,036,000

Avg Sold Price

$868,146

$929,241

7.04%

2017 Top Sale

3 Creek Ranch

$3,036,000

Median Sold Price

$653,200

$750,000

14.82%

38

36

-5.26%

New Listings Attrition Building Sites

New Listings Attrition

2017 Highlights

2017 Highlights

2017 Highlights

* Sales price was “undisclosed”, 92% of list price was used. *Information herein is deemed reliable but not guarenteed. Data is relative to the whole market and may not reflect every sale.

12


All Properties MLS

2016 Q1 - Q4

2017 Q1 - Q4

%

2017 Totals

Active

347

286

-17.58%

286

Pending

67

37

1.69%

481

452 $1,359,270

435 $1,416,879

-3.76% 4.24%

435 $1,416,879

$875,000

$900,000

2.86%

$900,000

690

676

-2.03%

676

Units Sold Avg Sold Price Median Sold Price New Listings Attrition

* Sales price was “undisclosed�, 92% of list price was used. *Information herein is deemed reliable but not guarenteed. Data is relative to the whole market and may not reflect every sale.

13


ALL OF TETON COUNTY Single Family Homes

50

127

SINGLE FAMILY HOMES SOLD 2017

$0 - $2M

$2M - $5M

11

2

$5M-$8M

$8M+

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

132

132

0.00%

132

Low Sale

Kelly, WY

$503,000

Pending

35

21

-9.59%

198

Med Sale

JHG&T Cabin

$1,400,000

Units Sold

211

190

-9.95%

190

High Sale

Crescent H

$16,560,000*

Avg Sold Price

$1,753,942

$2,001,566

14.12%

$2,001,566

2017 Top Sale

Crescent H

$16,560,000*

Median Sold Price

$1,123,161

$1,387,500

23.54%

$1,387,500

307

322

4.89%

322

New Listings Attrition

25

123

MULTI FAMILY HOMES SOLD 2017

Multi-Family Homes

2017 Highlights

$0 - $1M

8

$1M - $2M

$2M+

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

56

49

-12.50%

49

Low Sale

Ponderosa Village

$280,000

Pending

17

8

6.11%

191

Med Sale

Teton Shadows

$605,000

Units Sold

174

156

-10.34%

156

High Sale

Shooting Star

$4,250,000

Avg Sold Price

$778,667

$798,474

2.54%

$798,474

2017 Top Sale

Shooting Star

$4,250,000

Median Sold Price

$577,500

$602,500

4.33%

$602,500

223

215

-3.59%

215

New Listings Attrition

21

53

BUILDING SITES SOLD 2017

Building Sites

2017 Highlights

$0 - $1M

15

$2M - $5M

$2-$5

2016 Q1-Q4

2017 Q1-Q4

%

2017 Totals

Active

159

105

-33.96%

105

Low Sale

US HWY 89

$273,423

Pending

15

8

24.32%

92

Med Sale

Owl Creek

$875,000

Units Sold

67

89

32.84%

89

High Sale

Crescent H

$5,250,000

Avg Sold Price

$1,618,290

$1,247,464

-22.91%

$1,247,464

2017 Top Sale

Median Sold Price

$1,100,000

$825,000

-25.00%

$825,000

160

139

-13.13%

139

New Listings Attrition

2017 Highlights

* Sales price was “undisclosed”, 92% of list price was used. *Information herein is deemed reliable but not guarenteed. Data is relative to the whole market and may not reflect every sale.

14


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15


SUMMARY


Q3 2017 Overall Market

631

Persistent demand and lean supply drove prices upward in 2017. Even thought the number of transactions remained steady, average and median sale prices increased by 15% and 3%, respectively. The South of Jackson area received the largest increase in the number of transactions, up nearly 60% compared to last year. This is primarily due to the success of the Snake River Sporting Club development, which had 26 transactions in 2017. Properties in the $500,000-$1 million price range were the most popular representing about 37% of total transactions.

TOTAL NUMBER OF TRANSACTIONS 1% increase compared to 2016 year-end AVERAGE SALE PRICE 15% increase compared to 2016 year-end

Active listings declined 23% compared to last year which caused an even more competitive environment for buyers. With 50 properties under contract at 2017 year-end, the start to the new year is expected to follow much of the same pattern in 2017.

“

$897,250

MEDIAN SALE PRICE 3% increase compared to 2016 year-end

-23% DECREASE IN INVENTORY

2017 marked the second year since 2007 that the total dollar volume exceeded over $1 billion.

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SOLD | List Price: $1,400,000 | North of Jackson

# of Transactions 230

2017 YEAR-END SINGLE FAMILY

-11%

Total Dollar Volume 7% Minimum Price Sold $449,900

The single family segment was 36% of total transactions in 2017. Nearly

Maximum Price Sold $16,950,000 *List Price

40% of the transactions took place in the $1 million-$2 million price range. Shrinking supply of single family homes on the market (down 4%) contributed to the increase in average and median sale prices. The median sale price increased to $1,300,000.

17

Average Sale Price $2,145,353

25%

Median Sale Price $1,300,000

17%

Average Days on the Market 207

-4%

# Pending Transactions 24

26%

Inventory 127

-4%


2017 YEAR-END CONDOMINIUM AND TOWNHOME

# of Transactions 229

5%

Total Dollar Volume 46% Minimum Price Sold $270,000

The number of condominium/townhome transactions increased 5% in 2017. The 45% increase in average sale price was attributed to several large transactions in the Shooting Star development in Teton Village. The majority of transactions took place in the $500,000-$1 million price range. Inventory took a dramatic 60% drop compared to last year.

Maximum Price Sold $6,500,000 Average Sale Price $1,132,801 Median Sale Price $599,000 Average Days on the Market 115 # Pending Transactions 15 Inventory 36

45% 5% -28% 200% -60%

SOLD | List Price: $1,465,000 | Town of Jackson


SOLD | List Price: $5,000,000 | Wilson, WY

# of Transactions 123

2017 YEAR-END VACANT LAND

28%

Total Dollar Volume 7% Minimum Price Sold $273,423

As single family inventory decreased, vacant land transactions increased. This was evidenced by the 28% increase in vacant land transactions compared to 2016. The north of Jackson area had double the number of transactions, and the south of Jackson area had large increases as well.

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Maximum Price Sold $7,025,000 Average Sale Price $1,283,957

-15%

Median Sale Price $850,000

-8%

Average Days on the Market 449

17%

# Pending Transactions 6

-33%

Inventory 99

-38%


2017 YEAR-END LUXURY

# of Transactions 56

Jackson Hole’s luxury market (defined as transactions over $3 million)

Minimum Price Sold $3,000,000

remained strong through 2017 with a 12% increase in transactions as well as average and median sale price increases. Teton Village was home to the vast majority of luxury transactions, yet other Westbank locales also had notable increases. Luxury vacant land transactions increased 57%. Over 70% of the buyers in this segment purchased with cash.

12%

Total Dollar Volume 28%

Maximum Price Sold $53,000,000 *List Price Average Sale Price $5,596,864

16%

Median Sale Price $4,272,500

12%

Average Days on the Market 384

-10%

# Pending Transactions 7

-13%

Inventory 107

5%

**Note: In the luxury segment, the small number of transactions affects any comparison on a percentage basis.

SOLD | List Price: $18,000,000 Wilson, WY


2017 YEAR-END FARM AND RANCH

2017 YEAR-END COMMERCIAL

Farm and ranch transactions in Teton County decreased about

The number of commercial transactions decreased 13% compared

20% compared to last year. However, several large farm and ranch

to last year. Nonetheless, the total dollar volume increased 26% due

transactions with considerable infrastructures sold increasing total

to several large scale commercial lodging transactions. The majority

dollar volume by 77%.

of commercial transactions took place in the $1 million-$2 million price range.

# of Transactions 20

# of Transactions 35

-20%

-13%

Total Dollar Volume 77%

Total Dollar Volume 26%

Minimum Price Sold $456,450

Minimum Price Sold $601,000

Maximum Price Sold $53,000,000 *List Price

Maximum Price Sold $5,500,000 *List Price

Average Sale Price $5,791,381

121%

Average Sale Price $2,149,300

-13%

Average Days on the Market 294

-47%

Median Sale Price $1,475,000

5%

no change

Average Days on the Market 231

-17%

# Pending Transactions 4

-20%

# Pending Transactions 5 Inventory 121

17%

Inventory 19

21

19%


The NeVille Group – Named Top Producing Sales Team of Jackson Hole Real Estate Associates, and Exclusive Affiliate of Christie’s International Real Estate, The NeVille Group is compromised of successful, dedicated and experienced professionals, backed by years of luxury sales success, global connections, and the largest real estate brokerage in the region. The NeVille Group understands the Jackson Hole market, is globally connected, and locally respected. Jackson Hole Real Estate Associates – The region’s largest and most progressing real estate brokerage in Jackson Hole and the area. The collection of properties, and expertise is unsurpassed and represents some of the most unique and soughtafter real estate in the world. Christie’s International Real Estate – A global network of top brokerages dedicated to the marketing and sale of luxury residential properties. Access covers a worldwide audience of more than 1,350 real estate offices in 47 countries and transactions resulting in over $113 billion in sales annually.

TOP PRODUCING TEAM, 2017 270 West Pearl Ave, Suite 101 Jackson, WY 83001 307.734.9949 | 307.690.3209

WWW.TNGJH.COM

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