VACANT LOTS
Vacant Luxury Lots $5 + MI LLI ON
HOT SPOT Gros Ventre Buttes enjoyed the most Luxury lot sales by mid-year
The demand for vacant Luxury lots to date in 2021 is up 86% when
2021 with six Luxury parcels for a total dollar value of $48 million.
compared to mid-year 2020. Sales totaled 13 transactions with a dollar volume of $110 million (up 108%). Four sales occurred on the Westbank; six sales occurred in the Gros Ventre Buttes; one North of Jackson; and two South of Jackson.
CURRENT LANDSCAPE Available inventory of Luxury lots is down 63% at mid-year 2021 with a total of seven single-family Luxury home sites currently listed. With
Vacant Luxury lots under contract are down 20% compared to mid-year 2020, with four lots under contract at an average listing price of $9.2 million. NOTE: All four are 35+ acres.
of $9.75 million (up 42%), available inventory breaks down into the
As previously discussed, several factors accelerated sales of Luxury lots. Current Luxury
$10.25 million, and one for $25.5 million.
home inventory is down 52% with only five homes built in the last 10 years. NOTE: Only five 14
an average list price of $11.16 million (up 44%), and a median list price
of the 32 Luxury homes currently listed sit on 35+ acres.
following: four lots listed between $5 and $10 million, two listed for
Of the seven listings, four offer 35+ acres.
MOST EXPENSIVE LOT S A L E TO DAT E
Bar BC Ranch Parcel 5 L IST PR ICE : $ 8 .75 M I LLI ON Bar BC Ranch parcel 5 is a 35-acre parcel within a 850+ 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. Parcel 5 has an elevated building site with a unique, mature grove of aspens within the building envelope, Teton and Sleeping Indian views, and wetland overlooks. The sale price was not disclosed to MLS, and the developer parcel has been on and off the market for nine years.
JacksonHoleLuxuryReport.com
