Mid-year Quarter 2 Market Report

2018 MidYear

The Most Comprehensive Jackson Hole Market Analysis

THE JACKSON HOLE 2018 QUARTER 1 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 Shooting Star Cabin

2

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

I. Market Hightlights JHREA’s overall market details for MIDYEAR, 2018.

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 $8,999,000

III. Summary Our overall market details summary.

PG 16-21 3

EAGLE CREST LODGE $9,695,000

MARKET HIGHLIGHTS

M A RK E T H IGH LIGHTS

10%

AVERAGE SALE PRICE

22%

MEDIAN SALE PRICE

33%

TOTAL DOLLAR VOLUME

11%

TOTAL TRANSACTIONS

On behalf of our team of dedicated professionals at Jackson Hole Real Estate Associates, we are pleased to present our comprehensive market report for the first quarter of 2018. In this detailed report, you will find information on the market segments making up the Jackson Hole area. As the market leader in Jackson Hole, we have developed a more dynamic report that sheds fresh light on the insights and trends that are shaping our real estate market.

Do not hesitate to contact a real estate professional for a market report in your specific area.

4

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

140

41%

TRANSACTIONS UNDER $1 MILLION

CONDO/TOWNHOME

35%

VACANT LAND

14%

115

23

OTHER

10%

TRANSACTIONS $1-5 MILLION

SALES DISTRIBUTION BY PRICE

TRANSACTIONS $5 MILLION+

UNDER $500K

13%

37%

24%

HIGHEST SALE $14,995,000

SINGLE FAMILY

*List Price

18%

LOWEST SALE $290,000

8%

5

$500K-$1M

$1M-$2M

$2-$5M

OVER $5M

DETAILED STATISTICS BY SUB-MARKET THIS SECTION’S DATA HAS BEEN RETRIEVED ONLY THROUGH TETON COUNTY MULTIPLE LISTING SERVICE.

TETON VILLAGE (Realtor Multi-Listing Service Statistics)

Shooting Star sales have been incredible! All inventory presented as new product sells quickly and at a strong asking price every time.

THis is probably Wyoming’s most successful reale state venture. *Most Shooting Star sales are not reported through the MLS. Single Family Homes

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

7

8

14.29%

8

Low Sale

Pending

1

1

0.00%

0

Med Sale

Units Sold

3

1

-66.67%

5

High Sale

Old Village

$3,200,000

Avg Sold Price

$5,347,667

$3,200,000

-40.16%

$4,742,600

2017 Top Sale

Old Village

$7,268,000*

Median Sold price

$5,000,000

$3,200,000

-36.00%

2

5

150.00%

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

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

18

12

-33.33%

21

Low Sale

Tensleep Condo

$445,000

Pending

2

4

100.00%

3

Med Sale

Snake River Lodge

$985,000

New Listings Multi Family Homes

Units Sold

2018 Highlights

2018 Highlights

15

26

73.33%

30

High Sale

Four Seasons

$6,348,000*

Avg Sold Price

$1,602,333

$1,670,452

4.25%

$1,417,042

2017 Top Sale

Shooting Star

$4,250,000

Median Sold price

$1,150,000

$1,020,000

-11.30%

$975,000

New Listings

17

25

47.06%

43

Building Sites

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

5

3

-40.00%

5

Low Sale

Pending

1

1

0.00%

1

Med Sale

Units Sold

2

2

0.00%

5

Avg Sold Price

$2,375,000

$2,712,500

14.21%

$2,619,400

Median Sold price

$2,375,000

$2,712,500

14.21%

$2,622,000

6

0

-100.00%

9

New Listings

2018 Highlights Curtis Drive

$1,600,000

High Sale

Esther Way

$3,825,000

2017 Top Sale

Shooting Star

$3,800,000

* 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

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

29

29

0.00%

27

Low Sale

Highway 22

$686,000

Pending

3

6

100.00%

30

Med Sale

John Dodge

$3,128,000*

Units Sold

11

20

81.82%

29

High Sale

Lake Creek

$8,257,000*

Avg Sold Price

$2,697,000

$3,560,470

32.02%

$2,841,991

2017 Top Sale

John Dodge

$6,580,000

Median Sold price

$2,680,000

$3,264,000

21.79%

$2,417,750

24

22

-8.33%

48

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

8

5

-37.50%

11

Low Sale

Hollyhock

$427,500

Pending

3

1

-66.67%

26

Med Sale

Dogwood

$500,000

Units Sold

9

15

66.67%

23

High Sale

Lodges at Teton Pines

$1,650,000

Avg Sold Price

$781,164

$682,480

-12.63%

$697,729

2017 Top Sale

Aspens

$1,475,000

Median Sold price

$715,000

$560,000

-21.68%

$657,000

New Listings

18

9

-50.00%

40

Building Sites

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

13

12

-7.69%

5

Low Sale

Pending

2

1

-50.00%

7

Med Sale

Units Sold

3

1

-66.67%

8

High Sale

1/2 acre on Fish Creek

$1,400,000

Avg Sold Price

$1,486,333

$1,400,000

-5.81%

$1,772,688

2017 Top Sale

John Dodge

$4,000,000

Median Sold price

$1,200,000

$1,400,000

16.67%

$1,231,250

4

9

125.00%

14

New Listings Multi-Family Homes

New Listings

2018 Highlights

2018 Highlights

2018 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

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

23

17

-26.09%

12

Low Sale

Red Top

$600,000

Pending

0

4

0.00%

17

Med Sale

Indain Paintbrush

$1,050,000

Units Sold

6

6

0.00%

15

High Sale

Cresct H Tract 13

$5,600,000

$1,211,333

$1,796,667

48.32%

$2,652,000

2017 Top Sale

Crescent H

$16,560,000*

$884,000

$1,150,000

30.09%

$1,200,000

19

17

-10.53%

26

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Avg Sold Price Median Sold price New Listings Multi-Family Homes Active

2018 Highlights

2018 Highlights

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

Pending Units Sold Avg Sold Price Median Sold Price New Listings Attrition 2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

18

19

5.56%

14

Low Sale

Indain Paintbrush

$810,000

Pending

0

0

0.00%

7

Med Sale

Crescent H Parcel 8

$6,700,000

Units Sold

4

4

0.00%

7

High Sale

MacLean Parcels 6 /7

$9,660,000*

Avg Sold Price

$958,750

$5,901,350

515.53%

$1,580,000

2017 Top Sale

Crescent H Tract 9

$12,788,000*

Median Sold price

$582,500

$6,567,700

1027.50%

$795,000

10

11

10.00%

18

Building Sites

New Listings

2018 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.

8

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

Single Family Homes

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

22

20

-9.09%

22

Low Sale

Bar Y

$1,150,000

Pending

5

1

-80.00%

15

Med Sale

Bar Y

$3,093,000

Units Sold

9

11

22.22%

19

High Sale

Indain Springs

$9,400,000

Avg Sold Price

$1,785,000

$3,993,131

123.70%

$3,085,811

2017 Top Sale

Indian Springs

$11,500,000*

Median Sold price

$1,520,000

$3,400,000

123.68%

$2,600,000

16

17

6.25%

35

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

8

3

-62.50%

0

Low Sale

Harvest Dance

$650,000

Pending

0

1

100.00%

7

Med Sale

Harvest Dance

$685,000

Units Sold

2

5

150.00%

6

High Sale

Harvest Dance

$685,000

Avg Sold Price

$696,250

$705,000

1.26%

$995,833

2017 Top Sale

JHG&T Cabin

$800,000

Median Sold price

$696,250

$685,000

-1.62%

$707,500

New Listings

3

7

600.00%

5

Building Sites

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

43

37

-13.95%

34

Low Sale

JH Golf & Tennis

$650,000

Pending

2

1

-50.00%

17

Med Sale

Grand View estates

$1,550,000

Units Sold

5

9

80.00%

18

High Sale

RANCH 1 SPRING CREEK

$4,508,000*

$1,574,445

$1,905,667

21.04%

$1,384,012

2017 Top Sale

E Gros Ventre Butte

$5,520,000*

$725,000

$1,155,000

59.31%

$945,000

20

14

-30.00%

31

New Listings Multi Family Homes

Avg Sold Price Median Sold price New Listings

2018 Highlights

2018 Highlights

2018 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

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

23

19

-17.39%

17

Low Sale

Pending

1

1

0.00%

14

Med Sale

Units Sold

6

2

-66.67%

14

Avg Sold Price

$1,756,833

$3,375,000

92.11%

$2,212,821

Median Sold price

$1,149,500

$3,375,000

193.61%

$1,224,500

16

11

-31.25%

30

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

New Listings Multi-Family Homes Active

2018 Highlights Solitude

$1,850,000

High Sale

Solitude

$4,900,000

2017 Top Sale

Solitude Home

$5,796,000*

2018 Highlights

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

Pending Units Sold Avg Sold Price Median Sold Price New Listings Attrition 2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

35

36

2.86%

19

Low Sale

Pending

2

0

0.00%

12

Med Sale

Units Sold

2

1

-50.00%

12

High Sale

Shadow Mtn

$1,087,500

Avg Sold Price

$780,000

$1,087,500

39.42%

$983,646

2017 Top Sale

Bar B Bar

$3,000,000

Median Sold price

$780,000

$1,087,500

39.42%

$877,500

16

31

93.75%

16

Building Sites

New Listings

2018 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

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

29

21

-27.59%

19

Low Sale

Cottonwood

$607,500

Pending

6

18

200.00%

62

Med Sale

Dogwood Dr

$1,005,000

Units Sold

24

29

20.83%

58

High Sale

Snow King Court

$2,300,000

$1,091,354

$1,176,845

7.83%

$1,135,581

2017 Top Sale

Gill Addition

$4,800,000

$974,950

$1,050,000

7.70%

$986,950

35

47

34.29%

80

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

39

41

5.13%

16

Low Sale

Meadow Brook

$305,000

Pending

10

19

90.00%

97

Med Sale

Buffalo Head

$599,000

Units Sold

40

35

-12.50%

85

High Sale

Center Street

$2,775,000

Avg Sold Price

$585,523

$764,050

30.49%

$627,182

2017 Top Sale

Pine Glades

$1,850,000

Median Sold price

$525,000

$599,000

14.10%

$535,000

New Listings

65

71

9.23%

110

Building Sites

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

14

7

-50.00%

3

Low Sale

Karns Hillside

$504,000

Pending

1

0

-100.00%

11

Med Sale

Snow King Dr

$550,000

Units Sold

6

5

-16.67%

10

High Sale

W Gill

$897,000*

Avg Sold Price

$990,717

$632,000

-36.21%

$902,180

2017 Top Sale

Glenwood St

$2,346,000*

Median Sold price

$672,750

$550,000

-18.25%

$657,800

11

9

-18.18%

15

Avg Sold Price Median Sold price New Listings Multi-Family Homes

New Listings

2018 Highlights

2018 Highlights

2018 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

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

49

35

-28.57%

26

Low Sale

Rogers Point

$440,000

Pending

6

17

183.33%

55

Med Sale

Rogers Point

$1,047,880*

Units Sold

15

33

120.00%

50

High Sale

Dairy Ranches

$13,795,400*

Avg Sold Price

$1,233,150

$1,793,956

45.48%

$1,558,942

2017 Top Sale

3 Creek Ranch

$4,750,000

Median Sold price

$1,045,000

$1,095,000

4.78%

$1,350,000

45

48

6.67%

93

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

3

0

-100.00%

11

Low Sale

Deer Drive

$290,000

Pending

0

0

0.00%

8

Med Sale

Deer Drive

$305,000

Units Sold

7

4

-42.86%

11

High Sale

Southeast 40

$635,000

Avg Sold Price

$581,786

$382,250

-34.30%

$548,409

2017 Top Sale

Waldon Pond

$700,000

Median Sold price

$577,500

$302,000

-47.71%

$577,500

New Listings

4

6

50.00%

9

Building Sites

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

42

25

-40.48%

25

Low Sale

Hoback River

$425,000

Pending

3

2

-33.33%

13

Med Sale

Squaw Creek

$463,000

Units Sold

11

8

-27.27%

29

High Sale

3 Creek ranch

$800,000

Avg Sold Price

$626,545

$556,825

-11.13%

$929,241

2017 Top Sale

3 Creek Ranch

$3,036,000*

Median Sold price

$620,000

$496,000

-20.00%

29

13

-55.17%

$750,000 36

New Listings Multi-Family Homes

New Listings

2018 Highlights

2018 Highlights

2018 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

Inventory maintains very low levels, “pending” and “solds” continue to rise.

All Properties

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

428

352

-17.76%

286

Pending

59

80

35.59%

481

180 $1,223,791

217 $1,709,406

20.56% 39.68%

435 $1,416,879

$777,500 359

$985,000 370

26.69% 3.06%

$900,000 676

Units Sold Avg Sold Price Median Sold Price New Listings

* 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 68

SINGLE FAMILY HOMES Q2 2018

Single Family Homes

$0 - $2M

25

7

2

$2M - $5M

$5M-$8M

$8M+

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

182

151

-17.03%

132

Low Sale

Rogers Point

$440,000

Pending

27

47

74.07%

198

Med Sale

South Park

$1,495,000

Units Sold

74

102

37.84%

190

High Sale

Dairy Ranchs

$13,795,400*

Avg Sold Price

$1,679,375

$2,246,989

33.80%

$2,001,566

2017 Top Sale

Crescent H

$16,560,000*

Median Sold price

$1,240,000

$1,407,500

13.51%

$1,387,500

156

165

5.77%

322

New Listings MULTI FAMILY HOMES Q2 2018

2018 Highlights

65

12

8

$0 - $1M

$1M - $2M

$2M+

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

74

62

-16.22%

49

Low Sale

Deer Dr

$305,000

Pending

20

28

40.00%

191

Med Sale

Harvest Dance

$650,000

Multi-Family Homes

Units Sold

2018 Highlights

72

85

18.06%

156

High Sale

Granite Ridge

$6,348,000*

Avg Sold Price

$821,252

$1,005,467

22.43%

$798,474

2017 Top Sale

Shooting Star

$4,250,000

Median Sold price

$600,000

$650,000

8.33%

$602,500

111

118

6.31%

215

New Listings BUILDING SITES Q2 2018

Building Sites

16

$0 - $1M

6

5

3

$1M - $2M

$2M - $5M

$2-$5

2017 Q1 - Q2

2018 Q1 - Q2

%

2017 Totals

Active

172

139

-19.19%

105

Low Sale

Hoback River

$425,000

Pending

12

5

-58.33%

92

Med Sale

Groas Ventre North

$880,000

Units Sold

33

30

-9.09%

89

High Sale

MacLean Parcels 6/7

$9,660,000*

$1,070,076

$1,876,117

75.33%

$1,247,464

2017 Top Sale

Crescent H Tract 9

$5,250,000

$725,000

$888,500

22.55%

$825,000

92

87

-5.43%

139

Avg Sold Price Median Sold price New Listings

2018 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

2018 HIGHLIGHTS

CHRISTIE’S ART & ARCHITECTURE

Established in London more than 240 years ago by James Christie, the auction house today is a renowned international organization that conducts some of the most important auctions in the world.

The Christie’s brand exudes quality and prestige, while honoring the traditional values established throughout its illustrious history. An inventive lead-generation system between Christie’s and Christie’s International Real Estate creates a mutually beneficial synergy between art and real estate, building a world-class platform for the highly targeted marketing of distinguished properties.

CHRISTIES.COM

Christie’s Education is unique in being wholly owned by Christie’s Auction House, signaling the importance Christie’s places on practical experience of art through education as the key to professional success. As the only major auction house to directly offer degree and non-degree programmes, Christie’s Education continue to follow the principles of hands-on exposure to art, immersing our students in the art world from the beginning of their studies.

CHRISTIE’S EDUCATION

CHRISTIE’S INTERNATIONAL REAL ESTATE

CHRISTIES.EDU

Supported by the esteemed art auction house, Christie’s International Real Estate is a global network offering exclusive home and luxury real estate services to buyers and sellers worldwide. The Christie’s brand is instantly recognizable to clients and distinguishes your property from others. We focus exclusively on luxury residential real estate and understand how to reach and serve discerning clientele. Along with this expertise, we offer you the tailored, trusted service that our clients have depended on for 250 years, collaboration with our auction house colleagues, and referrals from our network of the world’s top brokers.

CHRISTIESREALESTATE.COM

Christie’s Travel in association with Abercrombie & Kent, is dedicated to connecting clients with the most important milestone events, masterpiece works and collections, as well as undiscovered artists and trends that comprise the multi-national world of Art today. This unique travel program is made possible through the powerful combination of Christie’s 250 years’ experience in the art market, and offices in 32 countries with leading experts in over 60 Art departments.

CHRISTIE’S TRAVEL

CHRISTIES.COM/TRAVEL

15

SUMMARY

MID-YEAR 2018 Overall Market

Jackson Hole’s real estate market started

325

very strong

TOTAL NUMBER OF TRANSACTIONS

in the first half of 2018 with number of transactions up 11% and average sale price up 10%. Even more important to note was the

increase in median sale price, a more accurate indicator,

up 22% from a year ago. The majority of transactions were in

$1,678,313

AVERAGE SALE PRICE 10% increase compared to 2017 Mid-Year

the $500,000 - $1 million price segment, however, there was a sharp increase over last year in transactions

11% increase compared to 2017 Mid-Year

over $5

million, an increase of 77%. This sharp increase drove

$949,000

MEDIAN SALE PRICE 22% increase compared to 2017 Mid-Year

total dollar volume up by 33% compared to a year ago. The single family home segment was the most popular among buyers achieving 41% of the mid-year market share. Inventory continued to decrease as did well-priced new inventory, which was a contributor to the 23% decrease in active listings and 13% decrease in average days on market.

-23%

DECREASE IN INVENTORY

16

SOLD | List Price: $1,395,000 | Town of Jackson

MID-YEAR 2018 SINGLE FAMILY

# of Transactions 134

30%

Total Dollar Volume 40%

The single family segment grew rapidly in the first half of 2018 with a

Minimum Price Sold $440,000

30% increase in transactions and 12% increase in median sale price.

Maximum Price Sold $14,995,000 *List Price

The majority of transactions were in the $1-2 million segment. The

Average Sale Price $2,160,518

-2%

Median Sale Price $1,360,358

12%

Average Days on the Market 221

-6%

homes currentlyn the market in Jackson Hole dropped about 37%

# Pending Transactions 25

-14%

compared to a year ago, when inventory was already at record lows.

Inventory 128

-37%

$2-$5 million segment experienced the largest increase in sales when compared to the first half of 2017, up 158%. The area of the valley referred to as the Westbank was especially popular. The number of

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MID-YEAR 2018 CONDOMINIUM AND TOWNHOME Condominium/townhome transactions increased slightly when compared to the single family segment with the number of transactions up 4% and median sale price up 6%. About half of all condominium/townhome transactions were in the $500,000-$1 million segment. The majority of

# of Transactions 114 Total Dollar Volume 2% Minimum Price Sold $290,000 Maximum Price Sold $6,900,000 Average Sale Price $926,847

transactions occurred in Town of Jackson and Teton Village, however, the

Median Sale Price $635,000

areas known as The Aspens and Teton Pines had remarkable increases,

Average Days on the Market 135

transactions up nearly 90% from a year ago. Inventory in this category

# Pending Transactions 19

dropped dramatically, down 45%, when compared to this time last year.

4%

*List Price

-14%

-10%

Inventory 42

SOLD | List Price: $795,000 | Town of Jackson

SOLD | List Price: $1,425,000 | North of Jackson

MID-YEAR 2018 VACANT LAND Transactions were down slightly from 2017, down by 4 transactions, but average and median sale prices increased dramatically due to a few large acreage parcels, particularly in the Fall Creek Road area. The areas with the

-8%

# of Transactions 44 Total Dollar Volume 39% Minimum Price Sold $360,000 *List Price

Maximum Price Sold $10,500,000 *List Price Average Sale Price $1,598,383

43%

Gros Ventre Butte, up 200%. The majority of transactions took place in the

Median Sale Price $817,500

20%

$500,000-$1 million segment. Once again, inventory continued to decline,

Average Days on the Market 450

-5%

down 27%. Also, worth noting, about 73% of sales were cash transactions,

# Pending Transactions 5

-44%

which was significantly higher than any other segment of the market.

Inventory 131

-27%

largest increase in transactions were near Jackson Hole Golf & Tennis and

MID-YEAR 2018 LUXURY The first half of 2018 was remarkably strong for the luxury segment of Jackson’s real estate market. The number of transactions over $3 million increased 144% compared to last year. The median sale

# of Transactions 44

144%

Total Dollar Volume 91% Minimum Price Sold $3,000,000 Maximum Price Sold $14,995,000 *List Price Average Sale Price $4,827,533

-28%*

While every area of the valley had luxury transactions, the majority

Median Sale Price $4,250,000

27%

of the transactions were located in Teton Village and the area north

Average Days on the Market 285

-19%

of Wilson. There were 7 vacant land transactions and 37 residential

# Pending Transactions 8

167%

transactions.

Inventory 102

-18%

price of these luxury properties increased about 27% to $4,250,000.

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

*average sale price decreased due to a large transaction in 2017.

SOLD | List Price: $5,500,000 | Gros Ventre West

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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