2020 Quar ter 1
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
Christie’s International Real Estate GLOBAL AFFILIATE OF THE YEAR 2014 | 2011
Dear Friends & Clients, We are pleased to present to you this Q1 2020 statistical presentation of the real estate markets in Jackson Hole, Teton County, Wyoming. For over 25 years, The NeVille Group has provided statistical information and formal presentations exclusively to our clients and a few local banking and mortgage companies. Now, we share this data with our community. This report compares Q1 of 2019 to Q1 of 2020. 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. Q1 of 2020, as you would expect, has shown a cool down in the number of transactions in the month of March. However dollar volume was substantial due to two large sales, which The NeVille Group was fortunate enough to be apart of. Overall inventory decreased 17% in Q1 2020 compared to Q1 of 2019. The average sale price for all properties experienced a large 11% jump, mostly due to the larger sales noted above. As always, we are here to discuss your goals whether you are buying, selling or holding real estate in Jackson Hole. Sincerely,
David A. NeVille Associate Broker
Shawn M. Asbell Sales Associate
Rad Spencer Associate Broker
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. 307.734.9949 • 307.690.3209 www.thenevillegroup.com 270 West Pearl Ave, Jackson, WY 83001
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
2019 Q1
2020 Q1
%
2019 Totals
334
277
-17.07%
198
Pending
58
38
-34.48%
29
Units Sold
94
92
-2.13%
505
Avg Sold Price
$2,089,019
$2,302,518
10.22%
$1,782,569
Median Sold Price
$1,520,000
$1,290,000
-15.13%
$1,100,000
126
124
-1.59%
744
Active
New Listings
33% SOLD properties reported through MLS Q1 2020 28% SOLD properties reported through MLS Q1 2019
307.734.9949
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AL L OF T E TON COUNT Y SINGLE FAMILY HOMES SOLD Q1 - Q4 2019
Teton County Active
20
16
6
4
$0 - $2M
$2M - $5M
$5M-$8M
$8M+
2019 Q1
2020 Q1
% Change
2019 Totals
2020 Highlights
144
126
-12.50%
101
Low Sale
Turpin Meadow
$505,000
Pending
17
21
23.53%
12
Med Sale
Teton Pines
$2,125,000
Units Sold
48
46
-4.17%
223
High Sale
Fern Lane
13,294,000*
Avg Sold Price
$3,013,956
$3,273,308
8.61%
$2,638,324
2019 Top Sale
Teal Trace
$17,750,000
Median Sold price
$2,140,000
$2,125,000
-0.70%
$1,800,000
39
52
33.33%
367
New Listings
21
MULTI FAMILY HOMES SOLD Q1 - Q4 2019
$0 - $1M
Teton County
7
2
$1M - $2M
$2M+
2019 Q1
2020 Q1
% Change
2019 Totals
Active
74
61
-17.57%
36
Low Sale
Virginian Condo
$330,000
Pending
28
9
-67.86%
10
Med Sale
Rafter J SE Forty
$745,000
Units Sold
39
30
-23.08%
213
High Sale
Granite Ridge
$4,450,000
Avg Sold Price
$895,459
$1,060,450
18.43%
$835,460
2019 Top Sale
Granite Ridge
$4,450,000
Median Sold price
$600,000
$755,000
25.83%
$660,000
68
50
-26.47%
246
New Listings BUILDING SITES SOLD Q1 - Q4 2019
Teton County
2020 Highlights
4
6
5
1
$0 - $1M
$1M - $2M
$2M-$5M
$5M+
2019 Q1
2020 Q1
% Change
2019 Totals
Active
116
90
-22.41%
61
Low Sale
Pacific Creek
$415,000
Pending
13
8
-38.46%
7
Med Sale
Snake River Woods
$1,425,000
Units Sold
7
16
128.57%
69
High Sale
Lake Creek Ranch
$5,550,000
2,396,429
$1,867,559
-22.07%
$1,940,551
2019 Top Sale
Bar BC
$8,234,000*
900,000
$1,425,000
58.33%
$1,132,500
19
22
15.79%
131
Avg Sold Price Median Sold price New Listings
2020 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.
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*Sales price was “UNDISCLOSED” 92% of list price was used
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 worldclass 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
US $95 Billion
57 Million
SALES VOLUME
ANNUAL WEBSITE VISITORS
US $70 Billion
Sotheby’s International Realty
NUMBER OF OFFICES
Sotheby’s International Realty
The Affiliate Network spans the globe with 138 brokerages in 46 countries, operating out of 1,350 offices with more than 32,000 associate brokers.
32,000
1,350
Christie’s International Real Estate
Christie’s International Real Estate
760
Sotheby’s International Realty
NUMBER OF AGENTS
Christie’s International Real Estate
11 Million
Christie’s International Real Estate
307.734.9949
Christie’s International Real Estate is an invitation-only affiliate network comprised of the world’s most proven and qualified real estate specialists in the luxury residential sector, and is the only international luxury real estate network wholly-owned by an international art auction house. By cultivating a unique balance of worldwide scope and highly personalized service, Christie’s International Real Estate has become a global authority on the effective marketing of distinctive properties. A finely tuned suite of programs, and a commitment to the business philosophy established by Christie’s in 1766, defines a brand based on trust, integrity, discretion, and excellence.
16,500
Sotheby’s International Realty
tngjh.com
Each affiliated brokerage is required to meet a set of scrupulous standards before being invited to join the Network. To qualify, brokerages must demonstrate an established track record in the marketing and sale of distinctive properties, as well as a sterling reputation for excellence in customer service.
Single Family Homes
TETON VILLAGE 2019 Q1
2020 Q1
% Change
2019 Totals
Active
9
7
-22.22%
8
Low Sale
Granite Ridge
$3,150,000
Pending
1
0
-100.00%
1
Med Sale
-
-
Units Sold
2
5
150.00%
6
High Sale
Shooting Star
$9,890,000*
$6,520,000
$5,859,000
-10.14%
$8,741,333
2019 Top Sale
Shooting Star
$16,000,000
$6,520,000
$5,300,000
-18.71%
$7,845,000
New Listings
3
2
-33.33%
14
Multi - Family Homes
2019 Q1
2020 Q1
% Change
2019 Totals
Active
12
16
33.33%
10
Low Sale
Sleeping Indian
$535,000
Pending
6
0
-600.00%
1
Med Sale
Terra
$1,845,000
Units Sold
10
6
-40.00%
44
High Sale
Granite Ridge
$4,450,000
Avg Sold Price
$1,325,950
$2,320,000
74.97%
$1,536,477
2019 Top Sale
Four Seasons
$4,100,000
Median Sold Price
$1,286,250
$1,860,000
44.61%
$1,009,500
New Listings
14
14
0.00%
41
Building Sites
2019 Q1
2020 Q1
% Change
2019 Totals
Active
3
2
-33.33%
2
Low Sale
Old Village
$2,645,000
Pending
0
1
100.00%
0
Med Sale
-
-
Units Sold
0
2
100.00%
2
High Sale
Old Village
$2,800,000
Avg Sold Price
$0
$2,722,500
0.00%
$2,550,000
2019 Top Sale
McCollister Drive
$2,300,000
Median Sold Price
$0
-
0.00%
$2,550,000
New Listings
0
2
200.00%
1
Avg Sold Price Median Sold Price
* All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
307.734.9949
2020 Highlights
2020 Highlights
2020 Highlights
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*Sales price was “UNDISCLOSED” 92% of list price was used
Single Family Homes
NORTH OF WILSON 2019 Q1
2020 Q1
% Change
2019 Totals
20
14
-30.00%
17
Low Sale
Coyote Loop
$1,100,000
Pending
5
3
-40.00%
2
Med Sale
West Street
$2,530,000*
Units Sold
10
11
10.00%
38
High Sale
Teton Pines
$5,101,400*
Avg Sold Price
$3,729,000
$2,905,582
-22.08%
$3,601,747
2019 Top Sale
Lake Creek Ranch
$7,600,000
Median Sold Price
$3,387,500
$2,530,000
-25.31%
$2,832,500
New Listings
5
9
80.00%
49
Multi - Family Homes
2019 Q1
2020 Q1
% Change
2019 Totals
Active
16
6
-62.50%
4
Low Sale
Junipers/Aspens
$490,000
Pending
3
3
0.00%
0
Med Sale
-
-
Units Sold
2
2
0.00%
20
High Sale
Hollyhock/Aspens
$529,000
Avg Sold Price
$1,347,500
$509,500
-62.19%
$845,622
2019 Top Sale
Teton Pines/Lodges
$1,825,000
Median Sold Price
Active
2020 Highlights
2020 Highlights
$1,347,500
-
-
$699,500
New Listings
4
5
25.00%
25
Building Sites
2019 Q1
2020 Q1
% Change
2019 Totals
Active
14
7
-50.00%
12
Low Sale
Bluebell - Robin Ln
$1,300,000
Pending
0
0
0.00%
0
Med Sale
Wilson - Kennel Ln
$1,900,000
Units Sold
0
4
400.00%
8
High Sale
Lake Creek Ranch
$5,550,000
Avg Sold Price
$0
$2,774,000
27740.00%
$1,335,000
2019 Top Sale
John Dodge
$2,250,000
Median Sold Price
$0
$2,123,000
21230.00%
$1,267,500
4
0
-400.00%
21
New Listings
* All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
307.734.9949
2020 Highlights
tngjh.com
*Sales price was “UNDISCLOSED” 92% of list price was used
Single Family Homes
SOUTH OF WILSON 2019 Q1
2020 Q1
% Change
2019 Totals
Active
30
14
-53.33%
19
Low Sale
Indian Paintbrush
$1,025,000
Pending
0
3
300.00%
1
Med Sale
-
-
Units Sold
5
2
-60.00%
20
High Sale
Wilson Prairie
$5,400,000
Avg Sold Price
$3,140,000
$3,212,500
2.31%
$3,099,675
2019 Top Sale
Teal Trace
$17,750,000
Median Sold Price
$1,800,000
-
-
$1,683,000
New Listings
4
3
-25.00%
43
Multi - Family Homes
2019 Q1
2020 Q1
% Change
2019 Totals
Active
0
0
0.00%
0
Low Sale
-
-
Pending
0
0
0.00%
0
Med Sale
-
-
Units Sold
0
0
0.00%
0
High Sale
-
-
Avg Sold Price
$0
$0
0.00%
$0
2019 Top Sale
-
-
Median Sold Price
$0
$0
0.00%
$0
New Listings
0
0
0.00%
0
Building Sites
2019 Q1
2020 Q1
% Change
2019 Totals
Active
13
10
-23.08%
9
Low Sale
-
-
Pending
4
0
-400.00%
0
Med Sale
-
-
Units Sold
1
0
-100.00%
9
High Sale
-
-
Avg Sold Price
$0
$0
100.00%
$2,914,222
2019 Top Sale
Wenzel Lane
$5,600,000
Median Sold Price
$0
$0
100.00%
$2,300,000
New Listings
0
3
300.00%
7
* All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
307.734.9949
2020 Highlights
2020 Highlights
2020 Highlights
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*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
2019 Q1
2020 Q1
% Change
2019 Totals
22
21
-4.55%
17
Low Sale
Gros Ventre North
$7,200,000
Pending
1
1
0.00%
0
Med Sale
-
-
Units Sold
7
2
-71.43%
23
High Sale
Amangani
$10,500,000
Avg Sold Price
$4,825,429
$8,850,000
83.40%
$4,331,713
2019 Top Sale
Indian Springs
$14,260,000*
Median Sold Price
$2,785,000
-
-
$3,200,000
New Listings
3
7
133.33%
32
Multi - Family Homes
2019 Q1
2020 Q1
% Change
2019 Totals
Active
2020 Highlights
2020 Highlights
Active
5
9
80.00%
7
Low Sale
Spring Creek Ranch
$825,000
Pending
1
0
-100.00%
0
Med Sale
Golf Creek Ranch
$849,000
Units Sold
2
3
50.00%
11
High Sale
Spring Creek Ranch
$1,290,000
Avg Sold Price
$690,000
$988,000
43.19%
$795,364
2019 Top Sale
Golf Creek Ranch
$1,200,000
Median Sold Price
$690,000
$849,000
23.04%
$760,000
New Listings
0
4
600.00%
16
Building Sites
2019 Q1
2020 Q1
% Change
2019 Totals
Active
25
18
-28.00%
17
Low Sale
Fairway Estates
$1,270,000
Pending
2
0
-100.00%
2
Med Sale
Grand View Estates
$1,595,000
Units Sold
3
4
33.33%
18
High Sale
Spring Creek Rd
$4,825,000
-39.31%
$3,178,806
2019 Top Sale
Bar BC
$8,234,000*
Avg Sold Price
$3,783,333
$2,296,250
Median Sold Price
$2,850,000
$1,545,000
-45.79%
$2,350,000
3
2
-33.33%
21
New Listings
* All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
307.734.9949
2020 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
2019 Q1
2020 Q1
% Change
2019 Totals
Active
27
24
-11.11%
22
Low Sale
Turpin Meadows
$505,000
Pending
0
1
100.00%
0
Med Sale
Teton Wilderness
$872,500
Units Sold
3
3
0.00%
19
High Sale
Fern Lane
$13,294,000*
Avg Sold Price
$2,650,133
$4,890,500
84.54%
$1,630,363
2019 Top Sale
Solitude
$5,055,400*
Median Sold Price
$1,900,000
$872,500
-54.08%
$1,410,000
New Listings
2
4
100.00%
44
Multi - Family Homes
2019 Q1
2020 Q1
% Change
2019 Totals
Active
0
0
0.00%
0
Low Sale
-
-
Pending
0
0
0.00%
0
Med Sale
-
-
Units Sold
$0
0
0.00%
0
High Sale
-
-
Avg Sold Price
$0
$0
0.00%
$0
2019 Top Sale
-
-
Median Sold Price
$0
$0
0.00%
$0
New Listings
0
0
0.00%
0
Building Sites
2018 Q1
2020 Q1
% Change
2019 Totals
Active
2020 Highlights
2020 Highlights
2020 Highlights
30
23
-23.33%
21
Low Sale
Pacific Creek
$415,000
Pending
3
5
0.00%
2
Med Sale
Solitude
$925,000
Units Sold
1
3
200.00%
14
High Sale
Snake River Woods
$1,425,000
Avg Sold Price
$0
$921,667
9216.67%
$1,010,107
2019 Top Sale
Zenith Drive
$3,500,000
Median Sold Price
$0
$925,000
9250.00%
$862,000
2
6
200.00%
31
New Listings
* All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
307.734.9949
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*Sales price was “UNDISCLOSED� 92% of list price was used
TOWN OF JACKSON Single Family Homes
2019 Q1
2020 Q1
% Change
2019 Totals
Active
12
19
58.33%
19
Low Sale
Cache Creek Dr
$887,500
Pending
2
3
50.00%
4
Med Sale
Henley Road
$1,695,000
Units Sold
13
12
-7.69%
58
High Sale
Saddle Butte
$4,135,400*
Avg Sold Price
$1,827,423
$1,987,200
8.74%
$1,606,008
2019 Top Sale
S Cache Street
$4,150,000
Median Sold Price
$1,500,000
$1,757,500
17.17%
$1,250,000
New Listings
8
11
37.50%
87
Multi - Family Homes
2019 Q1
2020 Q1
% Change
2019 Totals
Active
39
28
-28.21%
26
Low Sale
Virginian Condo
$330,000
Pending
18
6
-66.67%
10
Med Sale
East Jackson
$740,000
Units Sold
23
17
-26.09%
132
High Sale
Love Ridge
$1,500,000
$711,887
$737,382
3.58%
$683,496
2019 Top Sale
Pearl @ Jackson
$1,950,000
$465,000
$740,000
59.14%
$575,000
New Listings
49
25
-48.98%
154
Building Sites
Avg Sold Price Median Sold Price
2020 Highlights
2020 Highlights
2018 Q1
2020 Q1
% Change
2019 Totals
Active
8
5
-37.50%
7
Pending
2
2
0.00%
2
Med Sale
-
-
Units Sold
2
1
-50.00%
7
High Sale
East Jackson
$1,050,000
Avg Sold Price
$662,500
$0
-100.00%
$843,571
2019 Top Sale
Hansen Ave
$1,525,000
Median Sold Price
$662,500
$0
-100.00%
$850,000
4
5
25.00%
17
New Listings
* All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
307.734.9949
2020 Highlights Low Sale
tngjh.com
-
-
*Sales price was “UNDISCLOSED” 92% of list price was used
SOUTH OF JACKSON Single Family Homes
2019 Q1
2020 Q1
% Change
2019 Totals
Active
24
27
12.50%
26
Low Sale
Rafter J
$1,000,000
Pending
8
10
25.00%
4
Med Sale
Rafter J
$1,050,000
Units Sold
8
11
37.50%
57
High Sale
3 Creek
$10,810,000
$1,644,375
$2,424,807
47.46%
$2,055,807
2019 Top Sale
SR Sporting Club
$9,108,000*
$1,542,500
$1,110,000
-28.04%
$1,739,000
New Listings
14
16
14.29%
98
Multi - Family Homes
2019 Q1
2020 Q1
% Change
2019 Totals
Active
2
2
0.00%
0
Low Sale
Rafter J SE Forty
$630,000
Pending
0
0
0.00%
0
Med Sale
-
-
2
2
0.00%
8
High Sale
Rafter J Cedarwoods
$745,000
Avg Sold Price
$607,500
$687,500
13.17%
$581,250
2019 Top Sale
Walden Pond
$755,000
Median Sold Price
Avg Sold Price Median Sold Price
Units Sold
$607,500
-
-
$637,500
New Listings
1
2
100.00%
9
Building Sites
% Change
2019 Totals
2020 Highlights
2020 Highlights
2019 Q1
2020 Q1
Active
23
25
8.70%
20
Low Sale
Melody Ranch
$570,000
Pending
2
0
-100.00%
2
Med Sale
-
-
Units Sold
0
2
400.00%
12
High Sale
SR Sporting Club
$750,000
Avg Sold Price
$0
$660,000
6600.00%
$1,452,083
2019 Top Sale
Median Sold Price
$0
-
-
$1,037,500
6
4
-33.33%
33
New Listings
* All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
307.734.9949
2020 Highlights
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