2019 Year-End Market Report

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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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