2018 Quarter 3 Jackson Hole Market Report

2018 3rd Quar ter

The Most Comprehensive Jackson Hole Market Analysis

THE JACKSON HOLE 2018 QUARTER 3 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.

2

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

I. Market Hightlights JHREA’s overall market details for 3rd Quarter, 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 $8,500,000

III. Summary Our overall market details summary.

PG 16-21 3

INDIAN SPRINGS RETREAT $9,295,000

MARKET HIGHLIGHTS

M AR K E T HIGHLIGHTS

YEA R TO DAT E 2 0 1 8 v s. 2 0 1 7

7%

AVERAGE SALE PRICE

13%

MEDIAN SALE PRICE

35%

TOTAL DOLLAR VOLUME

12%

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 third 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.

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M A R KET HIGHLI G HTS

YEA R TO DAT E 2 0 1 8 v s. 2 0 1 7 SALES DISTRIBUTION BY SEGMENT

216

45%

34%

TRANSACTIONS UNDER $1 MILLION

35

OTHER

8%

SALES DISTRIBUTION BY PRICE

TRANSACTIONS $1-5 MILLION

TRANSACTIONS $5 MILLION+

CONDO/TOWNHOME

VACANT LAND

13%

202

SINGLE FAMILY

UNDER $500K

13%

35%

25%

HIGHEST SALE $35,000,000 *List Price LOWEST SALE $290,000

19%

8%

$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 real estate venture. *Most Shooting Star sales are not reported through the MLS. Single Family Homes

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

9

10

11.11%

8

Low Sale

Pending

3

0

-100.00%

0

Med Sale

Units Sold

4

2

-50.00%

5

Avg Sold Price

$4,803,250

$6,975,000

45.21%

$4,742,600

Median Sold price

$4,387,500

$6,975,000

58.97%

9

7

-22.22%

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

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

18

8

-55.56%

21

Low Sale

Tensleep Condo

$445,000

Pending

6

6

0.00%

3

Med Sale

SR Lodge & Spa

$925,000

Units Sold

23

35

52.17%

30

High Sale

Lodge @ Granite Ridge

$6,348,000*

$1,488,370

$1,577,122

5.96%

$1,417,042

2017 Top Sale

Shooting Star

$4,250,000

$950,000

$985,000

3.68%

$975,000

New Listings

30

32

6.67%

43

Building Sites

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

4

4

0.00%

5

Low Sale

Old Village

$1,600,000

Pending

3

0

-100.00%

1

Med Sale

Old Village

$3,825,000

Units Sold

3

3

0.00%

5

High Sale

Sublette Woods

$5,060,000*

Avg Sold Price

$2,225,000

$3,495,000

57.08%

$2,619,400

2017 Top Sale

Shooting Star

$3,800,000

Median Sold price

$1,925,000

$3,825,000

98.70%

$2,622,000

6

1

-83.33%

9

New Listings Multi Family Homes

Avg Sold Price Median Sold price

New Listings

2018 Highlights

Holly Drive

$3,200,000

High Sale

Granite Ridge

$10,750,000

2017 Top Sale

Old Village

$7,268,000*

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.

6

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

Single Family Homes

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

36

30

-16.67%

27

Low Sale

Downtown Wilson

$355,500

Pending

13

10

-23.08%

30

Med Sale

Teton Pines Cluster

$2,650,000

Units Sold

20

29

45.00%

29

High Sale

Lake Creek Ranch

$9,085,000*

Avg Sold Price

$2,871,138

$3,092,695

7.72%

$2,841,991

2017 Top Sale

John Dodge

$6,580,000

Median Sold price

$2,533,875

$2,650,000

4.58%

$2,417,750

44

44

0.00%

48

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

11

6

-45.45%

11

Low Sale

Spruces Building

$390,000

Pending

3

2

-33.33%

26

Med Sale

Spruces Building

$555,000

Units Sold

14

25

78.57%

23

High Sale

Lodges at Teton Pines

$1,650,000

Avg Sold Price

$689,834

$632,688

-8.28%

$697,729

2017 Top Sale

Aspens

$1,475,000

Median Sold price

$664,500

$542,500

-18.36%

$657,000

New Listings

30

23

-23.33%

40

Building Sites

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

10

12

20.00%

5

Low Sale

Pending

2

1

-50.00%

7

Med Sale

Units Sold

6

1

-83.33%

8

High Sale

Wilson

$1,400,000

Avg Sold Price

$1,505,250

$1,400,000

-6.99%

$1,772,688

2017 Top Sale

John Dodge

$4,000,000

Median Sold price

$1,231,250

$1,400,000

13.71%

$1,231,250

14

13

-7.14%

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.

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SOUTH OF WILSON (Realtor Multi-Listing Service Statistics)

Single Family Homes

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

15

19

26.67%

12

Low Sale

Red Top

$600,000

Pending

4

3

-25.00%

17

Med Sale

Indian Paintbrush

$1,250,000

Units Sold

10

11

10.00%

15

High Sale

Crescent H Tract 13

$5,600,000

Avg Sold Price

$1,284,300

$1,898,436

47.82%

$2,652,000

2017 Top Sale

Crescent H

$16,560,000*

Median Sold price

$1,030,000

$1,250,000

21.36%

$1,200,000

23

26

13.04%

26

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

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 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

18

18

0.00%

14

Low Sale

Pinegleen Subdivision

$416,000

Pending

2

2

0.00%

7

Med Sale

Indian Paintbrush

$810,000

Units Sold

6

7

16.67%

7

High Sale

Fall Creek Rd

$9,660,000

Avg Sold Price

$968,333

$3,688,771

280.94%

$1,580,000

2017 Top Sale

Crescent H Tract 9

$5,250,000

Median Sold price

$710,000

$1,380,000

94.37%

$795,000

16

17

6.25%

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.

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

Single Family Homes

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

24

20

-16.67%

22

Low Sale

N Bar Y

$1,150,000

Pending

10

7

-30.00%

15

Med Sale

N Bar Y

$2,600,000

Units Sold

16

17

6.25%

19

High Sale

Indian Springs

$9,400,000

Avg Sold Price

$2,558,775

$3,850,667

50.49%

$3,085,811

2017 Top Sale

Indian Springs

$11,500,000*

Median Sold price

$1,867,500

$3,400,000

82.06%

$2,600,000

29

27

-6.90%

35

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

2

3

50.00%

0

Low Sale

Harvest Dance

$650,000

Pending

2

2

0.00%

7

Med Sale

Harvest Dance

$800,000

Units Sold

4

5

25.00%

6

High Sale

JHG&T Cabin

$1,700,000

Avg Sold Price

$973,125

$705,000

-27.55%

$995,833

2017 Top Sale

JHG&T Cabin

$1,895,000

Median Sold price

$696,250

$685,000

-1.62%

$707,500

New Listings

5

14

180.00%

5

Building Sites

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

43

33

-23.26%

34

Low Sale

JHG&T

$650,000

Pending

2

1

-50.00%

17

Med Sale

Grandview Estates

$1,313,000

Units Sold

11

11

0.00%

18

High Sale

Ranch 1 Spring Creek Rd

$4,508,000*

Avg Sold Price

$1,416,566

$1,780,545

25.69%

$1,384,012

2017 Top Sale

E Gros Ventre Butte

$5,520,000*

Median Sold price

$1,100,000

$1,550,000

40.91%

$945,000

29

19

-34.48%

31

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.

9

NORTH VALLEY

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

Single Family Homes

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

24

18

-25.00%

17

Low Sale

Turpin Meadow

$438,000

Pending

3

4

33.33%

14

Med Sale

Solitude

$3,025,000

Units Sold

11

11

0.00%

14

High Sale

Split Creek Ranch

$10,250,000

Avg Sold Price

$2,036,682

$3,977,686

95.30%

$2,212,821

2017 Top Sale

Solitude Home

$5,796,000*

Median Sold price

$1,219,000

$3,025,000

148.15%

$1,224,500

20

23

15.00%

30

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

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 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

33

33

0.00%

19

Low Sale

Kelly

$1,087,500

Pending

3

4

33.33%

12

Med Sale

Bar B Bar

$1,250,000

Units Sold

8

3

-62.50%

12

High Sale

Split Creek Rd

$2,405,952

Avg Sold Price

$795,000

$1,581,181

98.89%

$983,646

2017 Top Sale

Bar B Bar

$3,000,000

Median Sold price

$837,500

$1,250,000

49.25%

$877,500

15

38

153.33%

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 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

32

21

-34.38%

19

Low Sale

Cottonwood

$607,500

Pending

7

8

14.29%

62

Med Sale

Cache Creek

$1,032,500

Units Sold

44

56

27.27%

58

High Sale

Elk Refuge

$6,400,000

$1,024,731

$1,539,877

50.27%

$1,135,581

2017 Top Sale

Gill Addition

$4,800,000

$772,500

$1,180,000

52.75%

$986,950

61

62

1.64%

80

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

30

33

10.00%

16

Low Sale

Meadowbrook

$305,000

Pending

19

21

10.53%

97

Med Sale

Buffalo Head

$615,000

Units Sold

65

63

-3.08%

85

High Sale

Center St Condos

$2,775,000

Avg Sold Price

$620,538

$713,512

14.98%

$627,182

2017 Top Sale

Pine Glades

$1,850,000

Median Sold price

$535,000

$600,000

12.15%

$535,000

New Listings

105

103

-1.90%

110

Building Sites

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

11

9

-18.18%

3

Low Sale

Karns Hillside

$504,000

Pending

1

1

0.00%

11

Med Sale

Snow King Estates

$550,000

Units Sold

7

8

14.29%

10

High Sale

Cache Creek

$1,400,000

$1,049,186

$744,375

-29.05%

$902,180

2017 Top Sale

Gleenwood St

$2,346,000*

$687,700

$632,000

-8.10%

$657,800

15

16

6.67%

15

Avg Sold Price Median Sold price 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.

11

SOUTH OF JACKSON (Realtor Multi-Listing Service Statistics)

Single Family Homes

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

49

34

-30.61%

26

Low Sale

Rogers Point

$440,000

Pending

9

9

0.00%

55

Med Sale

Melody Ranch

$1,262,500

Units Sold

29

58

100.00%

50

High Sale

Dairy

$13,795,400*

Avg Sold Price

$1,383,647

$1,860,928

34.49%

$1,558,942

2017 Top Sale

3 Creek Ranch

$4,750,000

Median Sold price

$1,075,000

$1,220,700

13.55%

$1,350,000

77

81

5.19%

93

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

1

1

0.00%

11

Low Sale

Deer Dr

$290,000

Pending

1

1

0.00%

8

Med Sale

Deer Dr

$305,000

Units Sold

9

6

-33.33%

11

High Sale

Rafter J SE 40

$635,000

Avg Sold Price

$603,611

$449,663

-25.50%

$548,409

2017 Top Sale

Waldon Pond

$700,000

Median Sold price

$600,000

$437,240

-27.13%

$577,500

New Listings

8

9

12.50%

9

Building Sites

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

34

26

-23.53%

25

Low Sale

Hoback River Rd

$425,000

Pending

1

3

200.00%

13

Med Sale

Squaw Creek

$463,000

Units Sold

21

11

-47.62%

29

High Sale

Sporting Club

$2,500,000

Avg Sold Price

$858,829

$836,600

-2.59%

$929,241

2017 Top Sale

3 Creek Ranch

$3,036,000*

Median Sold price

$650,000

$529,000

-18.62%

34

25

-26.47%

$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, “solds” continue to rise.

All Properties

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

403

343

-14.89%

286

Pending

97

85

-12.37%

481

311 $1,238,934

366 $1,705,792

17.68% 37.68%

435 $1,416,879

$894,500 587

$1,005,000 580

12.35% -1.19%

$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 114

SINGLE FAMILY HOMES Q2 2018

Single Family Homes

$0 - $2M

52

12

6

$2M - $5M

$5M-$8M

$8M+

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

189

152

-19.58%

132

Low Sale

Town of Wilson

$355,500

Pending

49

41

-16.33%

198

Med Sale

Melody Ranch

$1,635,000

Units Sold

133

184

38.35%

190

High Sale

Dairy Ranch

$13,795,400*

Avg Sold Price

$1,794,132

$2,325,564

29.62%

$2,001,566

2017 Top Sale

Crescent H

$16,560,000*

Median Sold price

$1,263,500

$1,610,000

27.42%

$1,387,500

279

270

-3.23%

322

New Listings MULTI FAMILY HOMES Q2 2018

2018 Highlights

108

20

10

$0 - $1M

$1M - $2M

$2M+

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

62

51

-17.74%

49

Low Sale

Deer Drive

$290,000

Pending

34

32

-5.88%

191

Med Sale

Creekside

$645,000

Multi-Family Homes

Units Sold

2018 Highlights

116

138

18.97%

156

High Sale

Granite Ridge

$6,348,000*

Avg Sold Price

$812,372

$916,489

12.82%

$798,474

2017 Top Sale

Shooting Star

$4,250,000

Median Sold price

$622,500

$641,250

3.01%

$602,500

179

181

1.12%

215

New Listings BUILDING SITES Q2 2018

Building Sites

22

$0 - $1M

11

7

4

$1M - $2M

$2M - $5M

$2-$5

2017 Q1 - Q3

2018 Q1 - Q3

%

2017 Totals

Active

152

140

-7.89%

105

Low Sale

Hoback River Rd

$425,000

Pending

14

12

-14.29%

92

Med Sale

Gill Ave

$897,000

Units Sold

62

44

-29.03%

89

High Sale

$1,110,297

$1,754,397

58.01%

$1,247,464

2017 Top Sale

Fall Creek Rd Crescent H

$9,660,000* $5,250,000

$797,500

$948,500

18.93%

$825,000

131

129

-1.53%

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

First Three Quarters 2018 Overall Market

520

The real estate market in Jackson Hole so far in 2018 continues

TOTAL NUMBER OF TRANSACTIONS

its strong path with 12%

more sales and a 13% increase in median sale price compared to a

12% increase compared to 2017

year ago. Rising prices have caused supply of properties under

$1,660,324

$500,000 to dwindle, which is apparent in the 21% decrease in

AVERAGE SALE 7% increase PRICE

compared to 2017

transactions under $500,000. The majority of transactions took place in the $500,000 - $1 million segment, accounting for 35%

$987,500

of the sales so far this year. The $2 million - $5 million segment

MEDIAN SALE PRICE

had the largest increase in transactions, up 83% compared to

13% increase compared to 2017

a year ago. The Town of Jackson continues it’s reign with the

most sales of any area, by far. Inventory continues to decrease, down about 19%, which has contributed to the 16% decrease in the average amount of days a property is on the

-19%

market.

DECREASE IN INVENTORY

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SOLD | List Price: $825,000 | South of Jackson

THIRD QUARTER 2018 SINGLE FAMILY The single family home segment of Jackson Hole’s real estate market

# of Transactions 234

42%

Total Dollar Volume

63%

Minimum Price Sold $440,000

has been tremendous so far in 2018. The number of transactions

Maximum Price Sold $14,995,000

*List Price

respectively. The Town of Jackson, where the majority of the home sales

Average Sale Price $2,250,720

8%

occurred, experienced a 28% jump in average sale price. Most of the

Median Sale Price $1,495,000

19%

Average Days on the Market 191

-9%

Inventory continues to decrease, down about 23%, which has contributed

# Pending Transactions 39

18%

to the 9% decrease in the average number of days it takes to sell a property.

Inventory 148

increased 42% with average and median sale prices increasing 8% and 19%,

single family home sales occurred in the $1 million - $2 million segment, however, about 40% of single family homes sold for over $2 million.

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-23%

THIRD QUARTER 2018 CONDOMINIUM & TOWNMirroring the overall market, condos and townhomes experienced an HOME increased number of transactions, up 7% compared to a year ago.

# of Transactions 179 Total Dollar Volume

7% -11%

Minimum Price Sold $290,000

About half of all condominium/townhome transactions were in the $500,000-

Maximum Price Sold $6,900,000

*List Price

$1 million segment. The majority of transactions occurred in the Town of

Average Sale Price $894,311

-26%

Median Sale Price $632,500

5%

Average Days on the Market 127

3%

Jackson and Teton Village, however, the areas known as The Aspens and Teton Pines had remarkable increases, with transactions up nearly 80% from a year ago. Inventory in this category dropped about 17%, and, with 27 properties under contract, the remainder of the year will be solid for condos/townhomes.

# Pending Transactions 27

13%

Inventory 45

-17%

SOLD | List Price: $599,500 | South of Jackson

SOLD | List Price: $2,500,000 | South of Jackson

THIRD QUARTER 2018 VACANT LAND

# of Transactions 66

-23%

Total Dollar Volume

40%

Minimum Price Sold $360,000

*List Price

soared, up 29% and 9% respectively. Teton Village doubled its number of

Maximum Price Sold $35,000,000

*List Price

land sales primarily due to the roll-out of the Shooting Star subdivision’s final phase.

Average Sale Price $1,485,286

29%

In comparison to the first 9 months of last year, the number of land sales decreased about 23%. Nonetheless, average and median sale prices

Most transactions occurred in the $500,000 - $1 million segment, making up about 36% of sales. Only 16% of sales were under $500,000 and 9% were over $5

Median Sale Price $825,000

9%

million. Once again, inventory continued to decline, down 12%. Also worth noting,

Average Days on the Market 389

about 75% of sales were cash transactions, which was significantly higher

# Pending Transactions 12

-25%

Inventory 134

-12%

than any other segment of the market.

-5%

THIRD QUARTER 2018 LUXURY

# of Transactions 72

106%

2018 has been a remarkable year for luxury properties in Jackson Hole.

Total Dollar Volume

95%

The number of transactions over $3 million increased 106% compared to the first three quarters of last year. Most of these sales occurred in the Teton

Maximum Price Sold $35,000,000

*List Price

Average Sale Price $4,936,389

-15%

Median Sale Price $4,650,000

15%

for $35,000,000. There were 14 luxury land sales and 58 luxury residential

Average Days on the Market 284

-18%

sales. Inventory increased a slight 5% compared to a year ago, however, the average

# Pending Transactions 14

17%

Inventory 127

5%

Village area, followed closely by various neighborhoods north of Wilson. The highest sale so far in 2018 was a ranch property along Spring Gulch Road consisting of equestrian facilities and several developable residential parcels listed

number of days to sell a luxury listing fell about 18%.

*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 | $6,500,000 | Town of Jackson

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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