E n d o f Ye a r - 2 0 1 9
S T AT I S T I C A L P R E S E N T AT I O N Jackson Hole Real Estate Market Luxur y Repor t of Jackson Hole The NeVille Group Real Estate
I N TE G R I TY. SERVICE. EXPERTISE.
LOCALLY RESPECTED, GLOBALLY CONNECTED.
Shawn M. Asbell Sales Associate
David A. NeVille Associate Broker
270 West Pearl Avenue Suite 101 Jackson, WY 83001
Rad Spencer Associate Broker
307.734.9949 (O) 307.690.3209 (M) tng@jhrea.com
WWW.THENEVILLEGROUP.COM
Most data in the following graphs is pulled from the local MLS to more specifically show the most accurate recorded data available to make the information more applicable to the market in your neighborhood. We do include information on sales outside of the MLS when verifiable, and use total numbers sold, % of sales closed in MLS etc.
Christie’s International Real Estate GLOBAL AFFILIATE OF THE YEAR 2014 | 2011
Dear Friends & Clients, Another wonderful Jackson Hole winter is well under way. We hope you take advantage of the incredible opportunities available to us all year! Enclosed is our comprehensive 2019 end of year compared to 2018 statistical presentation of the real estate market in Jackson Hole. You will find segmented data on seven sub-markets within Teton County and the entire market combined. The sub-markets are Teton Village, North of Wilson, South of Wilson, Central Valley, Northern Valley, Town of Jackson and South of Jackson. After the banner year of 2018, the overall housing statistics for the Jackson Hole market show a modest cooling off end-of-year 2019 vs. 2018. There is no surprise that inventory is not keeping up with demand in most market segments. Overall, Teton County’s available inventory has decreased 28% in comparison to 2018’s fourth quarter/end-of-year statistics. 2020’s market forecast is projected to boast strong numbers with a 21% increase in pending properties end-of-year 2019 vs. 2018. Please contact us to discuss how this information can assist you in your current, or future planning of your real estate interests here in Jackson Hole. Sincerely, David A. NeVille Associate Broker
Shawn M. Asbell Sales Associate
Rad Spencer Associate Broker
307.734.9949 • 307.690.3209 www.thenevillegroup.com 270 West Pearl Ave, Jackson, WY 83001
TETON VILLAGE Single Family Homes
2018 Q1 - Q4
2019 Q1 - Q4
% Change
2018 Totals
2019 Highlights
Active
11
8
-27.27%
11
Low Sale
Granite Ridge
$3,150,000
Pending
0
1
100.00%
0
Med Sale
Old Village
$5,800,000
Units Sold
3
6
100.00%
3
High Sale
Shooting Star
$16,000,000
Avg Sold Price
$5,683,333
$8,741,333
53.81%
$5,683,333
2018 Top Sale
Granite Ridge
$10,750,000
Median Sold price
$3,200,000
$7,845,000
145.16%
$3,200,000
New Listings
11
14
27.27%
11
Multi - Family Homes
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
Active
13
10
-23.08%
13
Low Sale
SR Lodge & Spa
$317,500
Pending
3
1
-66.67%
3
Med Sale
Teewinot Condo
$990,000
Units Sold
45
44
-2.22%
45
High Sale
Shooting Star Cabin
$5,300,000
Avg Sold Price
$1,459,172
$1,536,477
5.30%
$1,459,172
2018 Top Sale
Granite Ridge
$6,348,000*
Median Sold Price
2019 Highlights
$990,000
$1,009,500
1.97%
$990,000
New Listings
48
41
-14.58%
48
Building Sites
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
Active
3
2
-33.33%
3
Low Sale
Pending
0
0
0.00%
0
Med Sale
Units Sold
4
2
-50.00%
4
High Sale
Old Village
$2,800,000
Avg Sold Price
$3,759,750
$2,550,000
-32.18%
$3,759,750
2018 Top Sale
Sublette Woods
$5,060,000*
Median Sold Price
$4,189,500
$2,550,000
-39.13%
$4,189,500
1
1
0.00%
1
New Listings
* All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
307.734.9949
2019 Highlights
tngjh.com
*Sales price was “UNDISCLOSED” 92% of list price was used
NORTH OF WILSON Single Family Homes
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
27
17
-37.04%
27
Low Sale
Coyote Loop
$1,100,000
1
2
100.00%
1
Med Sale
Lake Creek Acres
$2,825,000
42
38
-9.52%
42
High Sale
Lake Creek Ranch
$7,600,000
Avg Sold Price
$2,895,215
$3,601,747
24.40%
$2,895,215
2018 Top Sale
Lake Creek Ranch
$8,257,000*
Median Sold Price
$2,400,000
$2,832,500
18.02%
$2,400,000
New Listings
55
49
-10.91%
55
Multi - Family Homes
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
Active
5
4
-20.00%
5
Low Sale
Spruces/Aspens
$433,125
Pending
0
0
100.00%
0
Med Sale
Cottonwoods/Aspens
$660,000
Units Sold
33
20
-39.39%
33
High Sale
Teton Pines/Lodges
$1,825,000
Avg Sold Price
$713,476
$845,622
18.52%
$713,476
2018 Top Sale
Teton Pines/Lodges
$1,750,000
Median Sold Price
Active Pending Units Sold
2019 Highlights
2019 Highlights
$625,000
$699,500
11.92%
$625,000
New Listings
27
25
-7.41%
27
Building Sites
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
Active
10
12
20.00%
10
Low Sale
Teton Pass
$650,000
Pending
0
0
0.00%
0
Med Sale
Stilson Ranch
$1,500,000
Units Sold
2
8
300.00%
2
High Sale
H-H-R Ranches
$2,000,000
Avg Sold Price
$2,325,000
$1,335,000
-42.58%
$2,325,000
2018 Top Sale
West Bank/John Dodge
$3,250,000
Median Sold Price
$2,325,000
$1,267,500
-45.48%
$2,325,000
14
21
50.00%
14
New Listings
* All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
307.734.9949
2019 Highlights
tngjh.com
*Sales price was “UNDISCLOSED” 92% of list price was used
SOUTH OF WILSON Single Family Homes
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
2019 Highlights
Active
17
19
11.76%
17
Low Sale
Red Top
$820,000
Pending
1
1
0.00%
1
Med Sale
Fall Creek Road
$1,800,000
Units Sold
16
20
25.00%
16
High Sale
Teal Trace
$17,750,000
Avg Sold Price
$3,265,744
$3,099,675
-5.09%
$3,265,744
2018 Top Sale
Teal Trace
$12,880,000*
Median Sold Price
$1,673,500
$1,683,000
0.57%
$1,673,500
New Listings
32
43
34.38%
32
Multi - Family Homes
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
Active
0
0
0.00%
0
Low Sale
n/a
$0
Pending
0
0
0.00%
0
Med Sale
n/a
$0
Units Sold
0
0
0.00%
0
High Sale
n/a
$0
Avg Sold Price
$0
$0
0.00%
$0
2018 Top Sale
n/a
$0
2019 Highlights
Median Sold Price
$0
$0
0.00%
$0
New Listings
0
0
0.00%
0
Building Sites
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
Active
13
9
-30.77%
13
Low Sale
Riverview Ranch
$1,610,000*
Pending
2
0
-100.00%
2
Med Sale
Riverview Ranch
$2,300,000*
Units Sold
9
9
0.00%
9
High Sale
Wenzel Lane
$5,600,000
Avg Sold Price
$3,099,478
$2,914,222
-5.98%
$3,099,478
2018 Top Sale
S Fall Creek Rd
$9,660,000*
Median Sold Price
$1,380,000
$2,300,000
66.67%
$1,380,000
17
7
-58.82%
17
New Listings
* All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
307.734.9949
2019 Highlights
tngjh.com
*Sales price was “UNDISCLOSED” 92% of list price was used
C E N T R A L VA L L E Y Single Family Homes
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
2019 Highlights
Active
14
17
21.43%
14
Low Sale
JHG&T
$1,250,000
Pending
3
0
-100.00%
3
Med Sale
JHG&T
$3,200,000
Units Sold
24
23
-4.17%
24
High Sale
Indian Springs
$14,260,000*
Avg Sold Price
$4,650,139
$4,331,713
-6.85%
$4,650,139
2018 Top Sale
Woodside Estates
$10,200,000
Median Sold Price
$3,485,223
$3,200,000
-8.18%
$3,485,223
New Listings
36
32
-11.11%
36
Multi - Family Homes
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
Active
4
7
75.00%
4
Low Sale
Harvest Dance
$620,000
Pending
0
0
100.00%
0
Med Sale
Teton Shadows
$770,000
Units Sold
12
11
-8.33%
12
High Sale
Golf Creek Ranch
$1,200,000
Avg Sold Price
$892,604
$795,364
-10.89%
$892,604
2018 Top Sale
JHG&T Cabin
$1,700,000
Median Sold Price
2019 Highlights
$785,000
$760,000
-3.18%
$785,000
New Listings
4
16
300.00%
4
Building Sites
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
27
17
-37.04%
27
Low Sale
N Long View Ln
$680,000
Pending
1
2
100.00%
1
Med Sale
Gros Ventre North
$2,200,000
Units Sold
16
18
12.50%
16
High Sale
Bar BC
$8,234,000*
Avg Sold Price
$1,511,625
$3,178,806
110.29%
$1,511,625
2018 Top Sale
Spring Creek Road
$4,508,000*
Median Sold Price
$1,156,500
$2,350,000
103.20%
$1,156,500
22
21
-4.55%
22
Active
New Listings
* All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
307.734.9949
2019 Highlights
tngjh.com
*Sales price was “UNDISCLOSED” 92% of list price was used
N O R T H VA L L E Y Single Family Homes
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
Active
14
22
57.14%
14
Low Sale
Kelly
$695,000
Pending
1
0
-100.00%
1
Med Sale
JH Golf & Tennis
$1,375,000
Units Sold
15
19
26.67%
15
High Sale
Solitude
$5,055,400*
Avg Sold Price
$2,892,437
$1,630,363
-43.63%
$2,892,437
2018 Top Sale
Split Creek Ranch
$7,619,048
Median Sold Price
$2,050,000
$1,410,000
-31.22%
$2,050,000
New Listings
27
44
62.96%
27
Multi - Family Homes
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
Active
0
0
0.00%
0
Low Sale
n/a
$0
Pending
0
0
0.00%
0
Med Sale
n/a
$0
Units Sold
0
0
0.00%
0
High Sale
n/a
$0
Avg Sold Price
$0
$0
0.00%
$0
2018 Top Sale
n/a
$0
Median Sold Price
$0
$0
0.00%
$0
New Listings
0
0
0.00%
0
Building Sites
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
Active
29
21
-27.59%
29
Low Sale
Buffalo Fork Ranch
$265,000
Pending
0
2
200.00%
0
Med Sale
Owl Creek
$850,000
Units Sold
6
14
133.33%
6
High Sale
Zenith Drive
$3,500,000
Avg Sold Price
$1,150,575
$1,010,107
-12.21%
$1,150,575
2018 Top Sale
Split Creek Ranch
$2,405,952
Median Sold price
$1,006,250
$862,000
-14.34%
$1,006,250
39
31
-20.51%
39
New Listings
* All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
307.734.9949
2019 Highlights
2019 Highlights
2019 Highlights
tngjh.com
*Sales price was “UNDISCLOSED” 92% of list price was used
TOWN OF JACKSON Single Family Homes
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
Active
13
19
46.15%
19
Low Sale
Cottonwood Park
$625,000
Pending
4
4
0.00%
62
Med Sale
Aspen Highlands
$1,275,000
69
58
-15.94%
58
High Sale
S Cache Street
$4,150,000
Avg Sold Price
$1,474,998
$1,606,008
8.88%
$1,135,581
2018 Top Sale
Gill Addition
$6,500,000
Median Sold price
$1,155,000
$1,250,000
8.23%
$986,950
New Listings
75
87
16.00%
80
Multi - Family Homes
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
Active
26
26
0.00%
26
Low Sale
Brookside Condos
$281,000
Pending
5
10
100.00%
5
Med Sale
E Broadway Condos
$575,000
Units Sold
93
132
41.94%
93
High Sale
199 E Pearl Condos
$1,850,000
Avg Sold Price
$753,428
$683,496
-9.28%
$753,428
2018 Top Sale
Center St Condos
$2,775,000
Median Sold price
Units Sold
2019 Highlights
2019 Highlights
$613,750
$575,000
-6.31%
$613,750
New Listings
78
154
97.44%
78
Building Sites
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
Active
6
7
16.67%
6
Low Sale
Cottonwood Park
$425,000
Pending
0
2
200.00%
0
Med Sale
Karns Hillside
$850,000
Units Sold
9
7
-22.22%
9
High Sale
Cache Crk Addition
$1,525,000
Avg Sold Price
$730,667
$843,571
15.45%
$730,667
2018 Top Sale
East Jackson
$1,400,000
Median Sold price
$621,000
$850,000
36.88%
$621,000
19
17
-10.53%
19
New Listings
* All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
307.734.9949
2019 Highlights
tngjh.com
*Sales price was “UNDISCLOSED” 92% of list price was used
SOUTH OF JACKSON Single Family Homes
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
2019 Highlights
Active
23
26
13.04%
23
Low Sale
Horse Creek
$425,000
Pending
3
4
33.33%
3
Med Sale
SR Sporting Club
$1,700,000
Units Sold
74
57
-22.97%
74
High Sale
SR Sporting Club
$9,108,000*
Avg Sold Price
$2,174,663
$2,055,807
-5.47%
$2,174,663
2018 Top Sale
Boyles Hill Rd
$21,068,000*
Median Sold Price
$1,367,879
$1,739,000
27.13%
$1,367,879
New Listings
93
98
5.38%
93
Multi - Family Homes
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
Active
2
0
-200.00%
2
Low Sale
Deer Drive
$305,000
Pending
0
0
0.00%
0
Med Sale
Rafter J Cedarwoods
$637,500
Units Sold
6
8
33.33%
6
High Sale
Rafter J SE Forty
$755,000
Avg Sold Price
$449,663
$581,250
29.26%
$449,663
2018 Top Sale
Rafter J SE Forty
$635,000
Median Sold Price
2019 Highlights
$437,240
$637,500
45.80%
$437,240
New Listings
9
9
0.00%
9
Building Sites
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
Active
21
20
-4.76%
21
Low Sale
Melody Ranch
$500,000
Pending
0
2
200.00%
0
Med Sale
3 Creek Ranch
$1,000,000
Units Sold
20
12
-40.00%
20
High Sale
Matheson Hill Rd
$3,900,000
Avg Sold Price
$900,255
$1,452,083
61.30%
$900,255
2018 Top Sale
3 Creek Ranch
$3,220,000*
Median Sold Price
$685,000
$1,037,500
51.46%
$685,000
28
33
17.86%
28
New Listings
* All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
307.734.9949
2019 Highlights
tngjh.com
*Sales price was “UNDISCLOSED” 92% of list price was used
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CHRISTIES.EDU
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W HY JACKSON HOLE? Jackson Hole, Wyoming is a vibrant, mountain community - home to the stunning Grand Teton Mountain range, Grand Teton & Yellowstone National Parks, and the Bridger Teton National Forest. Designated as one of the most fit and philanthropic regions in the nation, Jackson Hole residents enjoy healthy lifestyles and are deeply engaged in their community. Wyoming is the most “tax-friendly” state in the United States - providing Jackson Hole with an incredible community of people, food, the arts, outdoors and wildlife, making Teton County one of the most sought-after lifestyle locations in the world. All Properties
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
Active
275
198
-28.00%
275
Pending
24
29
20.83%
24
500
505
1.00%
500
Avg Sold Price
$1,772,329
$1,782,569
0.58%
$1,772,329
Median Sold Price
$1,012,000
$1,100,000
8.70%
$1,012,000
695
744
7.05%
695
Units Sold
New Listings
* All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
307.734.9949
tngjh.com
*Sales price was “UNDISCLOSED” 92% of list price was used
AL L OF T E TON COUNT Y SINGLE FAMILY HOMES SOLD Q1 - Q4 2019
Teton County
36
20
3
4
$0 - $2M
$2M - $5M
$5M-$8M
$8M+
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
120
101
-15.83%
120
Low Sale
Horse Creek Rd
$500,000
13
12
-7.69%
13
Med Sale
S Fall Creek Rd
$1,800,000
244
223
-8.61%
244
High Sale
Teal Trace
$17,750,000
Avg Sold Price
$2,497,831
$2,638,324
5.62%
$2,497,831
2018 Top Sale
Boyles Hill Road
$21,068,000*
Median Sold price
$1,661,625
$1,800,000
8.33%
$1,661,625
329
367
11.55%
329
Active Pending Units Sold
New Listings
2019 Highlights
40
MULTI FAMILY HOMES SOLD Q1 - Q4 2019
$0 - $1M
Teton County
11
4
$1M - $2M
$2M+
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
Active
46
36
-21.74%
46
Low Sale
Brookside Condos
$281,000
Pending
8
10
25.00%
8
Med Sale
Glenwood Townhomes
$660,000
190
213
12.11%
190
High Sale
Four Seasons Condo
$4,100,000
Avg Sold Price
$912,837
$835,460
-8.48%
$912,837
2018 Top Sale
Granite Ridge Cabin
$6,348,000*
Median Sold price
$657,500
$660,000
0.38%
$657,500
225
246
9.33%
225
Units Sold
New Listings
BUILDING SITES SOLD Q1 - Q4 2019
Teton County
2019 Highlights
6
4
5
4
$0 - $1M
$1M - $2M
$2M-$5M
$5M+
2018 Q1 - Q4
2019 Q1 - Q4
%
2018 Totals
109
61
-44.04%
109
Low Sale
Buffalo Fork Ranch
$265,000
3
7
133.33%
3
Med Sale
Meadow Road
$1,100,000
66
69
4.55%
66
High Sale
Bar BC
$8,234,000*
Avg Sold Price
$1,564,467
$1,940,551
24.04%
$1,564,467
2018 Top Sale
S Fall Creek Road
$9,660,000*
Median Sold price
$840,000
$1,132,500
34.82%
$840,000
141
131
-7.09%
141
Active Pending Units Sold
New Listings
2019 Highlights
Inventory is becoming tighter and tigher year after year I N A L L C AT E G O R I E S - S I N G L E FA M I LY, M U LT I FA M I LY & B U I L D I N G S I T E S
* All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
307.734.9949
tngjh.com
*Sales price was “UNDISCLOSED” 92% of list price was used
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 we represent some of the most unique and sought-after 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. Our access covers a worldwide audience of more than 1,350 real estate offices in 46 countries and transactions resulting in over $125 billion in sales annually.
270 West Pearl Ave, Suite 101 Jackson, WY 83001
W W W. T N G J H . CO M
David A. NeVille Associate Broker 307.690.3209 davidneville@jhrea.com
Shawn M. Asbell Sales Associate 307.413.6231 shawnasbell@jhrea.com
Rad Spencer Associate Broker 404.831.2315 radcliffspencer@jhrea.com