VACANT LOTS
Vacant Luxury Lots $5 + MI LLI ON
HOT SPOT For the second year in a row, the Gros Ventre Buttes enjoyed the most
The demand for vacant luxury lots in 2021 did not decrease even though the number of sales did (down 11%) when compared to year end 2020. Sales
luxury lot sales in 2021 with 11 luxury parcels (up 38%) for a total dollar value of $113 million.
totaled 25 transactions with a dollar volume of $219 million (up 6%). Five sales occurred on the Westbank; eleven sales occurred in the Gros Ventre Buttes; three North of Jackson; and six South of Jackson.
CURRENT LANDSCAPE Available inventory of luxury lots is down 12% at the end of 2021 with
Vacant Luxury lots under contract are on par with 2020 with three lots under contract at an average listing price of $7.73 million. NOTE: Two are 35+ acres.
a total of six single-family luxury home sites currently listed. With an average list price of $9.9 million (up 18%) and a median list price of $6.9 million, available inventory breaks down into the following: five lots
As previously discussed, several factors accelerated sales of luxury lots. Current luxury
listed between $5 and $10 million and one at more than $10 million.
home inventory is down 4% with only three homes built in the last 10 years. NOTE: Only 14
two of the 25 luxury homes currently listed sit on 35+ acres.
Of the six listings, none offer 35+ acres.
MOST EXPENSIVE LOT SALE
Pine Meadow - Fish Creek L IST PR ICE : $ 1 0.8 M I LLI ON A truly rare opportunity to own a blank canvas on the banks of the East Fork of Fish Creek in Wilson. This property boasts spectacular Teton Views, with unrivaled privacy afforded by mature spruce and willows, convenience, and ease of access. The site borders conservation easement land to the North and has private creek frontage, a spring-fed pond, and an additional spring creek on the property. With power and fiber optic internet running along the southern edge of the property, this is an excellent opportunity for someone to build a legacy home in one of the most sought-after locations in Jackson Hole.
JacksonHoleLuxuryReport.com
