Vacant Luxury Lots

$5+ MILLION

The demand for vacant luxury lots in 2022 decreased 32% when compared to year-end 2021. Sales totaled 17 transactions with a dollar volume of $110 million. Seven sales occurred on the Westbank; seven sales occurred in the Gros Ventre Buttes; one North of Jackson; and two South of Jackson.

Vacant luxury lots under contract – None as of year’s-end.

As previously discussed, several factors accelerated sales of luxury lots. Current luxury home inventory, while up 52%, only six homes were built in the last 10 years. NOTE: Only four of the 38 luxury homes currently listed sit on 35+ acres.

Hot Spot

The Westbank and Gros Ventre Buttes shared the honor with seven Luxury lot sales each in 2022.

Current Landscape

Available inventory of luxury lots is up 100% at the end of 2022 with a total of 13 single-family luxury home sites currently listed. With an average list price of $13.8 million (up 18%) and a median list price of $12 million, available inventory breaks down into the following: five lots listed between $5 and $10 million, five listed between $10 and $20 million, and three listed at more than $20 million.

Of the 13 listings, five 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