to the 12th Anniversary of the Jackson Hole Luxury Report
FEATURED LISTING
500 E SOLITUDE DRIVE LIST PRICE: $9,250,000
Tucked in the shadow of the majestic Tetons, this stunning home is situated on an expansive 5-acre parcel that is adjacent to Grand Teton National Park. The property boasts cathedral ceilings and immense windows that frame breathtaking views of the Tetons, creating a serene and picturesque living experience. Located within the exclusive Solitude subdivision, and amidst an ancient wildlife corridor, this property allows you to witness the beauty of nature right from your doorstep. The home features an enormous art studio and shop, offering a large and versatile space that can be converted to suit a variety of homeowner needs. Solitude Subdivision provides dedicated, private access walking trails to the Snake River, enhancing your outdoor living experience.
Designed with entertaining in mind, the home offers exceptional indoor and outdoor spaces perfect for hosting gatherings and enjoying the tranquil surroundings. This unique property combines luxury, natural beauty, and versatility, making it a rare gem in the heart of the Tetons.
Listed by Andrew Ellett (307) 690-6155
andrew.ellett@evrealestate.com
Contents
OVERALL LUXURY MARKET
Comparing mid-year 2024 with 2023, we discovered that the overall number of Luxury sales decreased 30% to 14 total sales.
SINGLE-FAMILY LUXURY HOMES
Luxury homes accounted for 57% of all Luxury sales to date in 2024. All told, the number of home sales is down 36%, and the dollar volume decreased by 28% for a total of $154 million.
VACANT LUXURY LOTS
The demand for vacant Luxury lots to date in 2024 is down 75% when compared to mid-year 2023.
LUXURY CONDO/TOWNHOUSES
Luxury condos/townhomes are few but not far between in Jackson Hole. Teton Village and Shooting Star have 87% of them with the rest in the Town of Jackson.
FOR THE SELLER/BUYER
Our extensive market knowledge will help you to price or buy your property in this ever-changing market.
MEET THE TEAM
Jackson Hole real estate is a treasured and valuable asset. With this investment in mind, it is vital that your relationship with your Realtor is based on an open line of communication.
SIGNIFICANT SALES
Review some of our significant sales over the last 30 years with which we have been involved either on the listing, the selling, or both sides. 9 12 15 14 16 18 24
Welcome
Greetings from Jackson Hole,
Buying a home in Jackson Hole is more than a transaction—it’s a lifestyle move. With the variety of considerations that go into that decision, you need more than what’s included on a property fact sheet. This report expands on the standard analytical format to include reflections on cultural currents in our valley based on our significant tenure in the Tetons.
More than two decades ago, we published the first Jackson Hole Report to fill the valley void of specialized market analysis. Today, that report remains the definitive source for Jackson Hole real estate, regularly cited in national publications. Since the recession, we’ve seen the high-end segment grow in strength and subtlety, and we published the inaugural Jackson Hole Luxury Report 12 years ago to give special attention and analysis to this elite market segment. This year’s report focuses on condo/townhomes and residential lots worth $5+ million and single-family homes worth $10+ million for a total of 999 properties.
Underlying our exhaustive research is our commitment to clients. We want your experience to live up to your expectations of this spectacular setting. With that in mind, this Luxury Report includes not only the in-depth statistics you’ve come to rely on, but also insight on various aspects of real estate ownership. As trusted advisors, we work with clients beyond purchasing and selling. Whether you need advice on a remodel or want to know what your property is currently worth, we love hearing from you long after the closing date.
Intrinsic to our roles as REALTORS® is our pride of place—a connection we share with our clients. Getting to know the people and places who make this community so vibrant is as important as recognizing the economic factors at play in our market. You’ll see that pride of landscape—both cultural and natural—in spotlights for upcoming arts and culture season and insights from local entrepreneurs.
From exploring market dynamics to sketching a social calendar, we are experts in all aspects of Jackson Hole, and we want to make this valley your home too. We hope you’ll turn to us as your partner in this discovery of place.
Devon Viehman, Editor
12TH ANNIVERSARY OF THE JACKSON HOLE LUXURY REPORT
IDENTIFYING LUXURY AREAS IN THE VALLEY
In the 2023 year-end Luxury Report, we discussed how the single-family luxury home market in Jackson Hole changed over the two years following COVID. With the lack of available home inventory and the demand to live in Jackson Hole skyrocketing after the height of the pandemic, values rose exponentially. Some areas experienced as much as a 100% increase in value. So, at the end of last year we had to raise the Luxury Market price point to $10+ million.
After adjusting the price point, we set out to determine which homes in the valley qualified and which did not. After months of analysis, we determined there are currently 515 single-family homes worth at least $10 million. Of those, 229 (44%) were located on the Westbank. Some subdivisions on the Westbank have several homes that qualify, but a large majority are in Teton Village and Shooting Star Ranch.
While we did not raise the price point on residential vacant land and condo/ townhomes at the end of 2023 above $5 million, we have seen a dramatic increase in properties that qualify. Today, there are 314 vacant residential lots and 170 condo/townhomes that meet this new standard. When you combine the lots and condo/townhomes with the single-family homes, there are a total of 999 properties considered Luxury in today’s market. Of the 999, 54% are located on the Westbank, with half of those located in Teton Village and Shooting Star.
On the east side of the valley, there are also concentrated areas of Luxury homes with the most prevalent in 3 Creek Ranch, the Gros Ventre Buttes, and along the Snake River corridor.
As for condo/townhomes, Teton Village and Shooting Star is where you’ll find 87% of the inventory. The rest are in the Town of Jackson.
Luxury residential vacant lots are not necessarily located in just a few high-end resort zones. While there are currently 315 identified, 60% of those are 35+ acres scattered throughout the valley. Overall, the Westbank again has a slight majority at 51%. When it comes to available 35+ acre tracks though, the east side of the valley dominates with 73% of the remaining vacant tracks. Most of these large parcels either have live water or elevated views of the valley, but rarely both.
Prefer to listen?
Looking ahead, we are seeing a steady demand for well-priced listings and a lack of inventory. Inventory is decreasing and prices have moderated into a slower growth curve. While inventory levels are still at historic lows, without more Buyers in the market, some Sellers will have to lower their expectations if they want to close in 2024. Tune into our Podcast at jhreport.com for a current and more in-depth conversation about the real estate market. Be sure and listen to our various other podcast episodes that cover an array of subjects including Buyer and Seller tips, home inspections, visiting with a local mortgage broker, etc.
OVERALL LUXURY MARKET
$5+ MILLION
Comparing mid-year 2024 with 2023, we discovered that the overall number of Luxury sales decreased 30% to 14 total sales. The overall dollar volume, however, only decreased 5% to $275 million. NOTE: While Luxury sales only made up 10% of the overall number of sales in Jackson Hole, they accounted for 42% of the total dollar volume so far in 2024.
We observed 21% of all sales falling between $5 and $10 million.
Eleven Luxury properties sold for more than $10 million in 2024 (down 21%). However, only three were reported to the MLS; a trend that underscores the necessity of enlisting us as your Realtors when entering this elite market.
The highest priced sale was The Gros Ventre River Ranch, a 118-acre ranch east of Kelly on the Gros Ventre River. The price of this private sale was not disclosed, but it was listed for $58 million.
NOTE: At this time, there are 44 overall listings priced at $5+ million, and 55% of those have been on the market for more than 12 months.
Tracking Luxury market values becomes challenging without comparable sales. While many properties in Jackson Hole are worth more than $5 million, no two are alike. For this reason,
LISTEN TO THE NUMBERS
Only 43% of the Luxury sale prices were reported to MLS in 2024.
some Sellers start by overpricing their homes beyond market levels. Then they lower the price progressively until the property reaches market value. This is one reason why more than half of the Luxury listings have been on the market for over 12 months. If you plan to sell your property soon, do not make the mistake of overpricing. Through our confidential property and market analysis, we can help you through the entire process.
Close analysis of the statistics supports the following conclusion: When compared to mid-year 2023, the current overall available inventory is down 24% to 44 listings with the dollar volume down 32%.
Number of luxury sales decreased 30% to 14
OVERALL MARKET
The Current Landscape
Overall dollar volume decreased 5% to $275M
Current overall inventory decreased 24% (44 listings)
Available inventory is down 24%, when compared to mid-year 2023, at 44 Luxury listings for sale. Available inventory breaks down into 18 homes (38%) priced between $10 and $35 million; 13 lots (27%) between $5 and $10.9 million; nine condo/ townhomes (19%) priced between $5 and $7.9 million; and four land parcels (9%) over 70-acres priced at $15 and $25 million.
Under Contract
At mid-year, four properties were under contract with an average listing price of $9.6 million. Of the listings currently under contract, one is a home, one is a condo, and two are single-family lots.
13 LOTS (27%) BETWEEN $5-$10.9M
18 HOMES (38%) BETWEEN $10-$35M
4 LOTS OVER 70 ACRES (9%) BETWEEN $15-$25M
9 CONDO/ TOWNHOMES (19%) BETWEEN $5-$7.9M
Most Expensive Sale of 2024 Gros Ventre River Ranch
LISTED: KELLER WILLIAMS JACKSON HOLE
SOLD: JH SOTHEBY’S INTERNATIONAL REALTY
LIST PRICE: $58M
Most Expensive Under Contract Tucker Ranch Lot 19
LISTED BY NATHAN EMERSON, ENGEL & VÖLKERS JACKSON HOLE
LIST PRICE: $14.5M
Nestled in a stand of mature cottonwood trees, this custom built Tucker Ranch home provides the perfect combination of privacy and expansive views of the Teton Range. Set on 4.45 acres, the site welcomes abundant wildlife to the private pond that graces the property. The barn-board clad home exudes character and embraces Jackson Hole’s western heritage. The floor plan boasts 5,056 sq.ft. of living space, primarily on the ground floor.
SINGLE-FAMILY LUXURY HOMES accounted for 57% of all Luxury sales to date in 2024. All told, the number of home sales is down 36%, and the dollar volume decreased by 28% for a total of $154 million. In contrast, the average sale price increased by 7% to $19.3 million, and the median sale price increased 35% to $19.5 million. NOTE: The average and median sale prices are both record breaking.
To date, there have been eight home sales over $10 million (down 36%), of which five sold for between $10 and 20 million and three for $20+ million.
2024 Luxury Home Market Inventory Level
Based on the number of sales to date in 2024, there are currently seven months of inventory.
Of the existing inventory, 28% has been on the market for more than a year. Some homes continue to be overpriced for the current market, while others do not match the value of the land they occupy.
This situation is constraining Buyers. For instance, in the $10+ million segment, Buyers may choose from 18 homes valley wide. Of those 18, three include more than 10 acres, 15 are 10+ years old, and 11 have water features. Further complicating the process, many Luxury homes only appeal to a specific Buyer—a precise pairing that requires substantial marketing.
HOT SPOT
The Westbank had half the sales to date in 2024, with four. Only one of the eight overall sales sat atop parcels with 35+ acres. Five of the sales had some kind of water feature.
The Most Expensive Luxury Home Sale to Date
LISTED: TODD DOMENICO REAL ESTATE
SOLD: COMPASS JACKSON HOLE
LIST PRICE: $32.75M
Bar B Bar Ranch 4A&B, an immaculately constructed and renovated masterpiece on 37 acres, has a great room centered upon a majestic stone fireplace that highlights Teton views from every window. William Ohs cabinetry throughout, two dining areas, chef’s kitchen, two generous pantries, and a spectacular glass wine cellar. The home includes five spacious ensuite bedrooms, six indoor fireplaces, two entertainment areas, a generous study, and newly constructed bar area that opens into a heated stone patio with firepit that overlooks a pond and the Tetons. Property has been extensively landscaped with bridges and pathways for easy access by foot or by four-wheeler to all the spring creeks, ponds, and the Snake River. Multiple enhanced spring creeks for fishing. Full house generator, heated walkway and parking pad.
The Current Landscape
Available inventory is down 18% when compared to mid-year 2023 with 18 Luxury homes for sale. With an average listing price of $17 million, and a median listing price of $17.8 million (up 27% - record breaking), the available inventory breaks down into the following: six between $10 and $15 million; seven between $15 and $20 million, four between $20 and $25 million, and one over $25 million (see most expensive home listing). NOTE: Of the 18 homes listed, only one sits on 35+ acres. Also noteworthy: 15 (83%) of the Luxury homes currently on the market are more than 15 years old.
There’s only one Luxury home currently under contract. $14.5 million - Tucker Ranch lot 19.
JH SOTHEBY’S INTERNATIONAL REALTY
LIST PRICE: $34,900,000
$5+ million
LUXURY LOTS VACANT
The demand for vacant Luxury lots to date in 2024 is down 75% when compared to mid-year 2023. There was only one transaction with a dollar volume over $5 million: a 1.72-acre estate lot in 3 Creek Ranch for $7.5 million.
Situated on an elevated butte with stunning panoramic views. To the northwest of the Teton Range, unobstructed views travel up the 18th fairway of the immaculately kept Rees Jones award-winning golf course and member-owned private club. Located in a private cul-de-sac, this site is both quiet and convenient and includes ski-in/ski-out access to over seven miles of the 3 Creek Ranch’s private Nordic trails. This elevated site will allow for a basement and is one of the last vacant lots existing on the Ranch.
The Current Landscape
Available inventory of Luxury lots is down 43% at mid-year 2024 with a total of 13 single-family Luxury home sites currently listed. With an average list price of $7.42 million (down 29%), and a median list price of $7.5 million (down 9%), available inventory breaks down into the following: 12 lots listed between $5 and $10 million and one listed at $10.9 million
Of the 13 listings, four offer 35+ acres.
Vacant Luxury Lots Under Contract
Two are currently under contract. One in San Rodo III listed at $10.495 million and a 35-acre parcel in Flat Creek Fishing Club for $6.95 million.
NOTE: Current Luxury home inventory is down 18% with only three homes built in the last 10 years. Only one of the 18 Luxury homes currently listed sits on 35+ acres.
Most Expensive Lot Sale
SOLD FOR $7.5 MILLION
MLS# 23-825
TODD DOMENICO REAL ESTATE
Most Expensive Lot Listing
VOGEL HILL LOT 2 (35 ACRES)
LISTED FOR $10.9 MILLION
KELLER WILLIAMS JACKSON HOLE
CONDOS
LUXURY CONDO/TOWNHOMES are few but not far between in Jackson Hole. Teton Village and Shooting Star have 87% of them with the rest in the Town of Jackson. Currently, 170 units are set at $5+ million and qualify for the Jackson Hole Luxury Report.
The definition of “Luxury” condo/townhomes in Jackson Hole is $5+ million. The current breakdown is as follows: 38 units in the Four Seasons Hotel; all 21 Granite Ridge Lodges; three Timbers of Granite Ridge; 72 units in Shooting Star (Lodges or Cabins); two in Snake River Lodge & Spa; six in Crystal Springs Lodge; three in the Tram Towers, two Timber Ridges, one Hotel Terra, one Moose Creek, two Granite Ridge Cabins, one Granite Ridge Homestead, and 21 units in the Town of Jackson.
At mid-year 2024, the number of Luxury condo/townhome sales were down 25% from 2023, as there were only three sales over $5 million in the first six months of 2024. All three sales were in Teton Village.
The Current Landscape
MLS shows nine Luxury units listed—six in the Town of Jackson and three in Teton Village. They range in size from 2,527 to 3,646 sq. ft., and prices range from $5.195 to $7.9 million. Only three of the nine come furnished, but all allow short-term rentals. Please contact us for a complete list of available Luxury townhouses.
LIST WITH US
For the Seller
Our extensive market knowledge will help you to price your property in this ever-changing market, and our marketing expertise will ensure that you sell your property in a timely manner for the highest possible price. Respecting the unique characteristics of each and every property, we believe that every listing requires a different marketing strategy. We will develop a customized plan for you. Market updates, showings, open houses and revised marketing plans are scheduled according to your desired frequency. We are skillful negotiators and will work to make the entire process, from start to finish, as streamlined as possible. We will live up to your high expectations.
We will provide you with the most accurate, in-depth data in the Jackson Hole market, helping to value your listing accurately. Armed with analysis, we will then price your property according to your needs.
We know the market better than anyone else because our extensive database tracks every real estate transaction in Jackson Hole. Only 35% of sales went through the local MLS in 2022. When pricing your property, you cannot rely on only half of the data.
We will expose your home to our extensive list of former and current Buyers.
We always use a professional photographer and will be on site for the shoot to ensure that every room is shot at the best angle. Drone photography for aerial photos are available as well.
We are truly connected to the Engel & Volkers network of over 16,000 advisors and 900 shops in over 37 countries on five continents, including all divisions of E&V such as E&V Aviation, E&V Yachting, and the E&V Polo School, to ensure the property is marketed to the longstanding clientele of our 40+ year-old brokerage.
The property will be on “Shop TV” which is the same channel of rotating properties played on displays at each E&V shop in the United States and Canada.
We hire a professional copywriter to help us with content for brochures, ads, and the property website.
Your property will have the most extensive online presence offered.
We know what is valued in property and will advise you accordingly.
We know about operating costs and can advise potential Buyers accordingly.
Your property will be featured on the Engel & Völkers website, which attracts many brokerage prospects.
We will conduct open houses to expose your property to other local realtors, one of the most valuable ways to show off your property and find a Buyer.
We will market your property through the Teton County Multiple Listing Service (MLS), exposing your listing to over 755 agents in the region who can help us find a Buyer.
We will create a personal website for your listing: For all listings above $5 million, and for those special listings under $5 million, we will build a custom website highlighting all of your property’s special features. The listing’s website address will be included in all advertising to make sure Luxury Buyers can find it.
We will produce an in-house, color brochure for your property and make it available in our brokerage, on the web, on your yard sign, and to every prospective Buyer who previews your property.
FILM
Our Signature Films capture the imagination of buyers around the world allowing them to experience the unique lifestyle and distinctive features of your property.
Visit 165Huckleberry.com to view an example.
We will advertise your property in the Jackson Hole News & Guide and the Jackson Hole Daily, by far the most widely distributed print media in Jackson Hole and the entire region.
We do more to ensure your property is sold for the highest price in a professional and timely manner. As part of a brokerage driven to provide excellent service to our clients and customers, we welcome the opportunity to add you to our long list of successful relationships.
For the Buyer
When you’re in the market for a property or new home in Jackson Hole, it is imperative that you work with a qualified and experienced real estate professional.
I had come to know David and Devon as professionals recognized in the community for their integrity, with whom I‘d always be comfortable in my dealings. And, with their understanding of the market, and transaction records, I believed them to be the most knowledgeable individuals in the Valley in terms of transaction histories and current property values. My spouse and I were able to engage David and Devon as our brokers.
Our transaction requirements were complicated. There were tax issues and multiple choices and difficult negotiations. David’s advice on property values and negotiating timing and strategy was “spot on”. David’s recognized integrity allowed him to achieve results that would have otherwise not been available.
My spouse and I closed on our two targeted Spring Creek Ranch property acquisitions on February 27, 2018. David represented us at the closing.
— CLAY COOK & JUDITH TABLER
We are skilled negotiators with a deep understanding of the business and the market. David and Devon have lived in the Tetons for three decades and Luke is a Jackson Hole Native.
We have the knowledge and experience of being “locals”, not to mention the strong personal and professional relationships we have developed with vendors, contractors and government contacts throughout the region. Our reputation for integrity and professionalism is based upon the relationships we have built on trust and longevity, relationships that are crucial elements in collaborating on successful transactions. Our strong network in the valley gives us the competitive advantage over other real estate professionals in the area.
Finding a seasoned professional is only the beginning. As a Buyer, you must rely on your agent to give you the most accurate, up-todate market information available. We take the approach of showing you all available properties,
irrespective of their listing brokerage. As your representative, we provide you with dedicated, knowledgeable and responsible support. We deploy our unique market experience, knowledge of the inventory and skills to ensure a successful outcome. Our passion for the valley real estate market is rooted in our knowledge of the Teton region itself. We offer local insights on the area, the unique lifestyle and the special needs of living in this World Heritage Site.
Our team views the services we provide as a complement to the incredible environment and community we have been fortunate to be members of for decades. If you are just beginning your exploration of Jackson Hole, please turn to us for information on local real estate prices, schools, economics, recreational opportunities, and personal lifestyle.
Meet the Team
DAVID VIEHMAN | Associate Broker
David Viehman understands that real estate is about relationships – the ties forged between people and place. He has devoted his life to sharing the valley he loves so dearly with people keen to plant roots in Jackson Hole. A Florida native, David moved to Jackson over three decades ago with his wife Donna and daughter Devon. Having begun his real estate career in 1982, David dove into the Teton real estate world, and quickly discovered the valley presented a distinct market worthy of analysis. Twenty-six years ago, he published the first Jackson Hole Report, a quarterly newsletter tracking sales and listings. Now considered the definitive source on valley real estate trends, the Jackson Hole Report has been cited in national publications including The Robb Report, The Wall Street Journal, New York Times, U.S. NEWS, Chicago Tribune, Washington Post, Los Angeles Times, San Francisco Chronicle, and NPR. To this day, David’s singular approach to the local market melds detailed analytics with personal attention. Knowing the valley as well as he does allows him to deftly find and feature properties for his clients, particularly when it comes to the luxury market.
307 690 4004
david@jacksonholereport.com
DEVON VIEHMAN | Associate Broker
Growing up in Jackson Hole, Devon Viehman embraced the cowgirl lifestyle with a drive and determination that foreshadowed her career to come. Beyond the rodeo arena, Devon has built a name for herself as top-producer among valley Realtors. She has garnered industry accolades throughout her sixteen-year career: In 2011, Realtor Magazine featured her as one of its Realtors to watch on “The 30 Under 30” national list. She served as the youngest-ever President of the Teton Board of Realtors in 2012 and was named Realtor of the Year by the Wyoming Association of Realtors the following year. Committed to development, Devon was elected as the Wyoming Association of Realtors 2018 President and serves on committees for the National Association of Realtors. Every quarter, she co-authors the Jackson Hole Report with her dad, David and husband, Luke. She is currently a Teton County Planning Commissioner and is committed to seeing Jackson Hole grow in a smart, sustainable way. Her professional accomplishments are matched by the fulfillment she feels as a mother to her teenage son.
307 690 0621
devon@jacksonholereport.com
LUKE SMITH | Associate Broker/Licensed in WY & ID
Raised in Jackson Hole, Luke was introduced to the myriad of outdoor pursuits Jackson Hole has to offer at an early age. From camping, mountain biking, hiking, river floating and fishing in the summers to skiing, ice hockey and snowmobiling in the winters, Luke has lived the Jackson lifestyle since a very young age. The abundance of activities and fun that the Jackson Area has to offer is what brought Luke home after college.
A graduate of Colorado State University, Luke is a successful small business owner in Jackson and brings his down-to-earth practices to real estate. Luke understands that lasting relationships are the foundation for a successful relationship with his clients. He has been here for decades and will be here for decades to come. An 11-year veteran of the Moose Hockey team, Luke still enjoys participating in Jackson Youth Hockey as a member of the Board of Directors, continuing a tradition his father started nearly three decades ago. He is an avid fly fisherman and enjoys sharing a day on the river with friends and clients; letting them experience the river.
307 699 5921
luke@jacksonholereport.com
Devon Viehman is an E&V Private Office Advisor
Private Office Advisors are among the most competent and connected real estate professionals in the world. Beyond achieving the highest levels of client satisfaction, trust, and success, these market leaders are respected by colleagues and competitors alike. They are passionate about Engel & Völkers and true standard bearers for our global brand.
Jackson’s Disappearing Workforce
For so many Jackson, Wyoming is synonymous with iconic mountain ranges, the antler arches, The Cowboy Bar, world-renowned skiing, and our beloved wildlife. And yet, everything we love about Jackson is either protected by or made possible by people.
A consequential imbalance between supply and demand, however, has made it nearly impossible for our local workforce to afford a home. For a household earning median income in 2023, purchasing a median-priced townhome required a $1.1M down payment.
Affordable housing not only provides stability for the people we rely on every day, it supports and strengthens everything we care about in our community. Every sector in Teton County struggles to provide services—big and small—because truly affordable housing for our workforce is in such short supply.
Since 1992, the Jackson Hole Community Housing Trust has been building homes for people who make valuable contributions to our community but cannot afford to live here.
The Community Housing Trust has broken ground on 20 Affordable townhomes in East Jackson.
Community Housing Trust Applicant Spotlights
Mara is a nurse at Teton Outpatient Services and St. John’s Urgent Care; her husband is a physical therapist. Despite two healthcare incomes, they’ve been priced out of Jackson and the surrounding areas.
The stress of the housing market transcends their personal lives and is felt acutely at work: “We keep losing nurses which impacts the rest of the staff who are still here, and there’s a trickledown effect on patients, like longer wait times for care. We get used to working more with less–the workload has not decreased, if anything, it’s gone up and that’s in addition to the normal increases we see seasonally.”
is a 25-year resident, father, and year-round mountain guide.
“Last summer, there was uncertainty around my housing which was extremely stressful, especially thinking about moving far away -- a scary thought as a father. For me, securing an affordable home for my daughter and me would lift an incredible amount of stress off my shoulders.
In addition to valuing critical service providers, my hope is that our community values other vital members who have lived here for a long time and are recognized for their contributions. If you have taken an avalanche course or hired a mountain guide, ask yourself: what value do you place on the people who are with you, teaching you and keeping you safe?”
COMING SOON!
The Community Housing Trust has broken ground on 20 affordable townhomes in East Jackson. To deliver housing that is truly affordable, we leverage generous private philanthropy and partnerships with many of our community’s essential employers.
To learn more about the Jackson Hole Community Housing Trust and how you can make an impact, visit www.housingtrustjh.org.
Conserving Community in Teton County by developing essential, Affordable housing.
Brian
THERE ARE MANY REASONS TO LOVE WYOMING...
Why Wyoming
For a decade running, Wyoming has ranked #1 for business-friendly taxation on Tax Foundation’s annual State Business Tax Climate Index.
Wyoming does not charge state tax on personal or corporate income. And its sales tax, property tax and inheritance tax are among the lowest in the U.S. In particular, property taxes are based on assessed value. The Teton County rate is 1.2% of the property’s assessed value while the Town of Jackson rate is 0.8%.
In Wyoming, you can shield your real estate from federal estate taxes for up to 1,000 years by establishing a dynasty trust. As a result, multiple generations can make use of and enjoy the property without having to pay estate taxes or worse, having to sell the property in order to pay the taxes.
No state gift tax: a Wyoming property owner can gift that real estate to their heirs without paying a state gift tax.
No state income tax
No corporate tax
No estate tax
No capital gains tax
No trust tax
Low sales tax
Low property tax
Low inheritance tax
No tax on out-of-state retirement income. Second-homeowners may have retirement income from another state; Wyoming doesn’t tax retirement income earned beyond its borders.
No excise sales taxes. A tank of gas or bag of groceries are not burdened by state tax.
No intangible taxes: Wyoming does not tax financial assets like stocks and bonds.
No tax on the sale of real estate.
No tax on mineral ownership.
Global Recognition. Jackson Hole Expertise.
2520 TRADER ROAD Mountain living in a contemporary home nestled in 5.5 acres of aspen conifer groves List price $13M
ESTATE Rare Legacy Estate on Six Lots at Jackson Hole Golf & Tennis. List price $15.5M
EQUESTRIAN CENTER World Class Equestrian Facility in the heart of Jackson Hole List price $20M (2002 sale)
HUCKLEBERRY
VOGEL HILL RANCH #10 35-acre parcel with elevated views of the valley and Tetons List price $8.5M
FAIRWAYS ESTATE AT JACKSON HOLE Stunning 8,000 sq. ft. home on three acres with big Teton views. List price $6.25M
SPRING CREEK
PACIFIC CREEK IN-HOLDING Custom log home with two parcels on Pacific Creek, totaling 8.8 acres List Price $8.5M
3 CREEK CABIN Custom Cabin on the golf course. List price $4.3M
ON SNAKE RIVER 215 acres north of Jackson, on Snake River (first sale ever). List price $5M
Here are some of our significant sales over the last 30 years with which we have been involved either on the listing, the selling, or both sides.
ELLEN CREEK Luxury Living in Teton Village at this ski retreat. List price $12.5M
GRANITE RIDGE LODGE #10
Luxury Ski townhome located directly on the slopes at Teton Village. List price $4.2M
RIVER SPRINGS A luxury three lot subdivision on the Snake River. List price $7.2M
FAIRWAYS ESTATES LOT 37 Exquisite home with panoramic Teton and Sleeping Indian views. List price $5.95M
FAIRWAYS ESTATES LOT 8 Warren Adler’s, author of War of the Roses, personal residence List price $6.5M
4/B RANCH The historic 4/B guest ranch (85 acre Ranch + a 35 acre parcel) List price $14.95M GILL ADDITION Landmark sale in
TUCKER RANCH Custom log home in Tucker Ranch. List price $10M
GRANITE RIDGE HOME LOT 7 Luxury Ski Home located directly on the slopes at Teton Village List price $11.9M
We hope the Jackson Hole Luxury Report gave you a snapshot of the trends unique to our local Luxury market. To further discuss our research or to receive a digital copy, please contact us at (307) 690-0621 or devon@jacksonholereport.com. You also can write to us at: P.O. Box 2431, Jackson, WY 83001, Attn: Devon Viehman.
* All statistics quoted in the Jackson Hole Luxury Report have been supplied by sources that have been deemed reliable but are not guaranteed.
* All statistics are based on sales in 2024 compared to 2023.
* If your property is currently listed, this is not meant as a solicitation.
JACKSON HOLE LUXURY REPORT GLOSSARY
MLS: A multiple listing service (MLS) is a database established by cooperating real estate brokers to provide data about properties for sale. An MLS allows brokers to see one another’s listings of properties for sale with the goal of connecting homebuyers to sellers.
Median sale price: the price of a property that falls in the exact middle of the price scale, as in there are the same number of sales above and below it.
Average sale price: the total combined dollar volume divided by the number of sales. Market value: the value of property in terms of what it can be sold for on the open market; current value.
Overall: All luxury sales in Teton County combined – homes, lots, condos, commercial and ranch.
© Copyright 2013-2024 by David E. Viehman. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without explicitly written permission from David E. Viehman.
29TH ANNIVERSARY
DAVID VIEHMAN DEVON VIEHMAN LUKE SMITH
