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.
7
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
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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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