Vacant Luxury Lots

$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.

Vacant Luxury lots under contract are down 50% compared to mid-year 2021, with two lots under contract at an average listing price of $8.95 million. NOTE: One of the listings is 35+ acres.

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.

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.

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 an average list price of $17 million (up 53%), and a median list price of $9.75 million (no change), available inventory breaks down into the following: five lots listed between $5 and $10 million, two listed between $10 and $20 million, and three over $20 million.

Of the ten listings, four offer 35+ acres.

MOST EXPENSIVE

LOT SALE

Bar BC Ranch Parcel 8

LIST PRICE: $9.5 MILLION

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

Quintessential Jackson Hole Sanctuary

SIGNIFICANT SALE

LISTED FOR $15,750,000

Located in one of Jackson’s most desirable and exclusive neighborhoods, this stunning 37-acre property offers a picturesque log home and guest cabin on one parcel, and blank canvas on the other. Steps from worldclass fly fishing on the Snake River while immersed in a pristine forest with moose and deer as neighbors, you will feel uniquely ensconced in the beauty of Jackson Hole. Offering a total of 5,000 square feet of living space you’ll enjoy stunning views of Rendezvous Mountain and the entire Teton Range. The home is built in a style that effortlessly balances the rustic charm of a cabin with its grandiose surroundings. Bear Island is a perfect seasonal refuge or year-round residence with a three-car garage to cache gear for a mountain lifestyle.

LISTED BY ANNE FISH ENGEL & VOLKERS JACKSON HOLE