VACANT LOTS
Vacant Luxury Lots $5 + MI LLI ON
HOT SPOT Gros Ventre Buttes enjoyed the most Luxury lot sales by mid-year 2022 with four Luxury parcels for a total dollar value of $30.5 million.
The demand for vacant Luxury lots to date in 2022 is down 46% when compared to mid-year 2021. Sales totaled 7 transactions with a dollar volume of $50.5 million. One occurred on the Westbank; four sales occurred in the Gros Ventre Buttes; one North of Jackson; and one South of Jackson.
CURRENT LANDSCAPE Available inventory of Luxury lots is up 43% at mid-year 2022 with a total of ten single-family Luxury home sites currently listed. With
Vacant Luxury lots under contract are down 50% compared to mid-year 2021, with two lots
an average list price of $17 million (up 53%), and a median list price
under contract at an average listing price of $8.95 million. NOTE: One of the listings is 35+
of $9.75 million (no change), available inventory breaks down into
acres.
the following: five lots listed between $5 and $10 million, two listed between $10 and $20 million, and three over $20 million.
NOTE: Current Luxury home inventory is up 9% with only eight homes built in the last 10 years. Only three of the 35 Luxury homes currently listed sit on 35+ acres. 14
Of the ten listings, four offer 35+ acres.
MOST EXPENSIVE LOT SALE
Bar BC Ranch Parcel 8 LIST PRICE : $ 9.5 M I LLI ON Bar BC Ranch parcel 8 is a 35.5-acre parcel within a 850+acre ranch in Spring Gulch. The Ranch borders both the Snake and Gros Ventre rivers and is one of the few gated communities in the Valley. Enjoy direct Teton views from this premier lot in the highly desirable and gated Bar BC Ranch. It is an ideal building location with easy access from the ranch entrance, stunning views to the north and south, and Sleeping Indian to the east. Walk the ranch trail to the Snake and Gros Ventre Rivers to fish or just relax. Listed by Ed Liebzeit, Sotheby’s Jackson Hole
JacksonHoleLuxuryReport.com
