AN INTRODUCTION OUR DEDICATED TEAM OF PROFESSIONALS
greetings
G R E E T I N G S F R O M G R A H A M - F A U P E L- M E N D E N H A L L Our team is always available and accessible during and after business hours, 7 days a week. All members of GrahamFaupel-Mendenhall are fully knowledgeable about all of our properties. The secret of success for selling our listed properties is that we guarantee utmost attention, comprehensive real estate service, unparalleled marketing and excellent communication. Our team of real estate experts knows the market and knows your property and we provide an individualized marketing program for every listing incorporating Christie’s International Real Estate’s international network.
T E A M O F R E A L E S TAT E PROFESSIONALS Our team is always available and accessible during and after business hours, 7 days a week. All members of Graham-Faupel-Mendenhall are fully knowledgeable about all of our properties.
EXPERTISE Knowledgeable in all markets: residential, commercial, investment properties, resort properties, ranches and real estate development opportunities in Jackson Hole, Teton Valley, and Star Valley.
EXPERIENCE Graham-Faupel-Mendenhall has over 45 years in the real estate business in Jackson Hole and has done over $1.6 Billion in sales.
OWNERS Graham-Faupel-Mendenhall senior partners are owners of Jackson Hole Real Estate Associates, Jackson Hole’s largest real estate brokerage, the exclusive Wyoming and Idaho affiliates of Christie’s International Real Estate.
A F F I L I AT I O N S Graham-Faupel-Mendenhall affiliations give our clients a marketing advantage in today’s very competitive real estate market: Jackson Hole Real Estate Associates, Christie’s International Real Estate, Proxio.com, Leading Real Estate Companies of the World and the Urban Land Institute.
R E P U TAT I O N & C O M M U N I T Y I N V O LV E M E N T Senior Partner Bob Graham is recipient of the first “Lifetime Achievement Award” presented by the Teton County Board of Realtors. Graham-Faupel-Mendenhall are Old Bill’s Co-Challengers and serve on the following Boards and community organizations: Teton Board of Realtors, JH Rotary, GTMF, Chamber of Commerce, Community Foundation Grants Committee, CIRE Advisory Board, Teton Raptor Center, JH Land Trust, Rungius Member of the National Museum of Wildlife Art, START and PAWS. Our team of real estate professionals have over nine decades of combined experience in the Jackson Hole market. Our success is based on unparalleled service and market exposure.
BOB GRAHAM OWNER, ASSOCIATE BROKER Bob, a 40-year resident of Jackson Hole, founded one of Jackson’s most respected and successful real estate brokerages in 1972. He received the first Lifetime Achievement Award from the Teton County Board of Realtors, of which he is a past President. Bob is a Trustee of the Grand Teton Music Festival. The Graham-Faupel-Mendenhall team supports he community as co-challengers of Old Bill’s Fun Run and Rungius Members of the National Museum of Wildlife Art.
KAREN TERRA OWNER, ASSOCIATE BROKER After graduating from the University of California at Berkeley, Karen moved to Rome, Italy. She opened an English language book shop in Piazza di Spagna which became the largest English language book shop on the Continent. After living in Europe for 20 years she moved to Jackson in 1983. She opened The Travel Consultants and managed the firm from its inception to the sale of the business in 1989. She served three terms as Chair of the Community Foundation Board and serves on their Investment and Executive Committees. The Graham-Faupel-Mendenhall team supports the community as co-challengers of Old Bill’s Fun Run and as Rungius Members of the National Museum of Wildlife Art.
MATT FAUPEL OWNER, ASSOCIATE BROKER Matt Faupel has an engineering degree from the University of Michigan. Prior to his success in real estate, Matt spent 6 years in corporate management in the engineering field. Matt’s common-sense approach to real estate and land planning provides clients with comprehensive, solution-driven insight throughout the transaction process. Matt is a member of the Urban Land Institute, a former Rotary President, the current Chairman of the START Board (Jackson Hole public transportation).The Graham-Faupel-Mendenhall team supports the community as co-challengers of Old Bill’s Fun Run and Rungius Members of the National Museum of Wildlife Art.
JULIE FAUPEL OWNER, ASSOCIATE BROKER Julie Faupel is a Founding Principal of Jackson Hole Real Estate Associates which is the largest Real Estate Company in the Teton Region and the 2011 and 2014 recipient of the coveted Christie's International Real Estate Global Affiliate of the Year award. As the exclusive affiliate of Christie's International Real Estate, JHRE Associates offers clients a comprehensive balance of local ownership and worldwide reach. Julie is also a Partner in the Teton region's most successful real estate team. Prior to her real estate success, Julie has 12 years of management and consulting experience for luxury hotels and small businesses. Julie serves on the Executive Committee of the Jackson Hole Community Foundation, she is the former Jackson Hole Chamber of Commerce Board Chair, she serves on the Christie’s International Real Estate Global Advisory Board and she is a member of the Young Presidents Organization. Julie and her husband are avid supporters of entrepreneurship as trustees of the Silicon Couloir and independent investors in a number of start-up ventures. They are dedicated community contributors through numerous organizations including Co-Challengers of Old Bill’s Fun Run, Rungius Members of the National Museum of Wildlife Art, and Sponsors for the Jackson Hole Center for the Arts. In her spare time, you will find Julie skiing, hiking, biking, paddleboarding and enjoying Jackson’s active lifestyle with her husband and their dogs.
MACK MENDENHALL ASSOCIATE BROKER, GRI Born in the foothills of North Carolina, Mack graduated from North Carolina State University with honors and promptly moved out west. Mack became intimately connected with Jackson Hole as a river guide, photographer and working at Jackson Hole Mountain Resort. Introducing thousands of visitors to the unique and impressive sights and sounds of the Greater Yellowstone ecosystem came second nature to him. Being raised in the family brokerage, Mack quickly found his calling and became a third generation realtor. Mack’s crowning achievement has been being the first and only real estate agent ever to be voted the Best in Jackson Hole, 6 straight years, from 2009-Present. As an active member of the community, Mack is the current Teton Board of Realtors President, Open Space Councilman with the Jackson Hole Land Trust, Town Creek Condominium HOA Board member and volunteers for Habitat for Humanity, the Teton Raptor Center, and Old Bill’s annual fun run. KELSEY COLE SALES ASSOCIATE Kelsey is from northern Minnesota. She moved to Jackson in 2013 after spending 5 years on the west coast. With a background in management and the service industry, she enjoys any opportunity to go above and beyond for clients. Kelsey has her favorite activities in every season in Jackson and embraces the opportunity to help others find their Jackson Hole dream home and benefit from all the recreational, cultural and community opportunities the area offers.
EMILY ELDREDGE SALES ASSOCIATE Emily is originally from Middleburg, Virginia. After graduating from the University of Virginia in 2011, Emily went west in pursuit of continued adventure in a cultural, small town community. She immediately fell in love with Jackson Hole and is proud to call it her forever home. Emily comes from a family of real estate brokers and custom home builders and has quickly found her calling in the business. Emily has gained a strong knowledge of Jackson Hole and its surrounding areas from her time spent back country skiing and mountain biking as well as her career in hospitality and most recently working with a local real estate investment office.
Extraordinary Art. Exclusive Homes. Christie’s International Real Estate
OUR PHILOSOPHY By staying on top of market trends and continually striving to offer cutting edge marketing and advertising services we deliver extraordinary experiences to clients and exceed their expectations. As a market leader in Jackson Hole, we believe that the success of our organization is based on the value that we provide for our clients, community and agents. It is this value-driven philosophy that has helped to guide the successful growth of our organization.
OUR PRINCIPLES • Superior service and communication which is sensitive to our clients’ needs • Total integrity and confidentiality that is deserving of our clients’ trust • A drive for excellence • Technical expertise that makes innovation a state of mind • Professionalism that demands more knowledge, better preparation and greater service than our competitors.
JACKSON HOLE R E A L E S TAT E A S S O C I AT E S The region's largest and most dynamic real estate company. As the region’s largest and most dynamic real estate company, Jackson Hole Real Estate Associates provides marketing and services that honor this remarkable destination. We are committed to being the leading luxury real estate brand in the Teton region. By staying on top of market trends and continually striving to offer cutting edge marketing and advertising services we deliver extraordinary experiences to clients and exceed their expectations. As a market leader in Jackson Hole, we believe the success of our company is based on the value that we provide for our clients, community and agents. It is this value-driven philosophy that has helped to guide the successful growth of our organization. There is no real estate company in the region that provides more exposure for listings or more choices for buyers.
7 O FFICES
throughout the region
100
agents, appraisers and support staff throughout the region
804 TRANSACTIONS
in 2017; more than our nearest competitors
5 20 L ISTINGS
more than our nearest competitors
$486 B I LLION
annual sales of global affiliate networks
#1
REPRESENTING MORE BUYERS AND SELLERS THAN ANY OTHER B R O K E R AG E I N T H E R E G I O N
BENCHMARK SALES $32 MILLION RIVA RIDGE, A world-class private compound set on 118 pristine acres of mountain splendor. $37 MILLION TETON VALLEY RANCH, one of the highest prices ever paid per acre for property of this size in Teton County. $40 MILLION, 240-ACRE RIVER ROCK RANCH, one of the highest prices paid for residential property in Jackson Hole. $75 MILLION, 710-ACRE FOUR LAZY F RANCH, one of the largest prices paid for unimproved, non-producing land in the west. 400-ACRE SUNDOWN RIVER RANCH, one of the highest prices paid in the Teton Valley, Idaho area. Successful listing of the 3,011 ACRE, $55 MILLION LITTLE JENNIE RANCH. Included in Forbes, “The Ten Most Expensive Properties in the US, 2005”.
T E TO N VA L L E Y R A N C H
SALES HISTORY DEVELOPMENTS REPRESENTED Pine Glades Love Ridge Condominiums (Snow King) Hansen Meadows Palisades Condos, Teton Springs - Victor, Idaho Village Center - Teton Village Ironwood - Driggs, Idaho Teton Sage - Victor, Idaho Spring Creek Ranch River Meadows Stone Ridge - Driggs, Idaho Game Creek Meadows DEVELOPMENTS OWNED Village Center Snake River Lodge and Spa Condominium Expansion The Broadway Shops Cache Creek Commercial (St. John’s) Elk Run Townhomes Rye Grass Ranch Broadway Shops Harvest Dance Condominiums Teton Sage
HHR Subdivision Wilson Meadows Cache Creek Townhomes White Ridge - Teton Village Snow Ridge - Teton Village Timber Ridge - Teton Village Melody Ranch Redtail - Driggs, Idaho Grand Targhee Expansion - Alta, Wyoming Colter Building - Driggs, Idaho White Buffalo Club
COMMERCIAL SALES & LISTINGS TETON VILLAGE • Sojourner (Now Snake River Lodge and Spa) • Village Center - Sale of Village Store - Sale of Village Cent er to current partnership and development of that property - Sale of Teton Village Sports Lots 11, 16 & 17 • 3 Lots adjacent to the Best Western (the previous Hilton Inn) • The Holton Inn • Jack Dennis Sports • Snake River Lodge and Spa Condominium Expansion • H1 Parcel - Teton Village • Village Center - Teton Village RACQUET CLUB • Sale of Commercial Office Building at Racquet Club • Sale of Store at Racquet Club • Sale of Stiegler’s Restaurant • Sale of Lot to the Racquet Club Office Building WILSON • 3 Commercial Lots in the heart of Wilson (Current Medical Office Center) • Sale of Red Chair Furniture Store Lot • Sale of Vista Grande Restaurant
JACKSON • Sale of Elk Refuge Inn • Sale of Flat Creek Inn • Sale of Commercial Storage Building for Jackson Lumber • Sale of Lamb’s Lumber • Sale of Davies Reed (Formerly Jackson Drug) • Commercial Lease for Polo • Commercial Lease for Cadillac Restaurant • Sale of 4 Lazy F Ranch to 3 Creek Ranch Golf Resort • Original Sale of the Bootlegger • Commercial Storage and Land (Builder’s Lumber) • Sale of Bootlegger • The Broadway Shops • Hansen Meadows • Jackson Hole Travel • Current Western Wyoming Dermatology • Cache Creek Commercial (St. John’s) • Carquest building • Broadway Shops - 80 West Broadway • Flat Creek Business Park Warehouse CURRENT LISTINGS • Hangar at Driggs airport • Flat Creek Business Center • Pine Glades Development
Going beyond
TRADITIONAL REAL ESTATE
Give your property the most exposure through Jackson Hole Real Estate Associates' exclusive marketing programs and affiliate networks. We can go beyond traditional marketing to offer your property exposure no other brokerage is offering.
Focusing
ON THE CHANGING FACE OF REAL ESTATE
GI V I NG YO U R PROPERTY T H E MOST E X P OSURE We will provide you with the most accurate, in-depth data in the Jackson Hole market, helping us value your listing accurately. With that value in mind, we will then price it according to your needs. “We know the market better than anyone” because of our extensive database. Jackson Hole Real Estate Associates has over forty years of transaction history in the region. We track every single transaction and know where the market is at all times.
We will feature your property on our company website JHREA.com which receives over 12,000 visits a month, 400 per day in addition to GrahamFaupelMendenhall.com With
Graham-Faupel-Mendenhall is a proud participant in IDX. Our listings are exposed to more prospective buyers than any other company in the region. Additionally, visitors to our website are privy to ALL active inventory on the market, whether it’s a GFM listing or not.
Your listing will be part of the most extensive online marketing program, which submits your property to over 170 publishers reaching homebuyers on more than 900 websites. Our syndicated listings receive over 900K search views and 115K detail views a month.
We will advertise and showcase your property on Realtor.com, the largest and most complete
aggressive web presence and ongoing search engine optimization, we make sure buyers can quickly find your property on the internet.
home search on the web. Our listings on Realtor.com receive over 600,000 displays and views a month.
We will market your property through the Teton County Multiple Listing Service (MLS).
Your property will also be syndicated to Zillow and Trulia through the Multiple Listing Service
Exposing your listing to over 500 agents in the region who can help us find a buyer.
(MLS).
We will advertise your property in the Jackson Hole News and Guide and the Jackson Hole Daily, by far the most widely distributed print media
GFM's lead management software and routing system ensures all property inquiries get answered in a timely manner. GFM does not miss a lead. No other company is using this technology.
in Jackson Hole.
Additional print advertising available to your property in publications such as Jackson Hole Magazine, Christie's International Real Estate Magazine, Wall Street Journal, New York Times, Financial Times, The Land Report, LAND Magazine, Variety Real Estate Guide and many more.
We will conduct open houses to expose your property to the local Realtors, one of the most valuable means through which to show off your property and find a buyer.
GFM, JHREA as well as our affiliates are active on social networks such as Facebook, Instagram, Google+, Twitter, Pinterest and more, providing more exposure opportunities for your listing.
Your property will be featured on our interactive storefront display, which receives 20,000 impressions annually with a 24/7 lead capture system.
We will produce a color brochure and email blast for your property in house and the JHREA Media Center. The brochure will be available in our brokerage, on the web, and throughout the region.
UNPAR AL L ELED ON LI N E PRE SE N CE Over 92% of homebuyers begin their search online. Jackson Hole Real Estate Associates and Graham Faupel Mendenhall offers the most comprehensive online marketing presence for our listings of any real estate company in the region. We have designed our digital strategy to give buyers the detailed property information they want and to ensure they are able to gain the information on your property in the most convenient way. INTERNATIONAL BUYERS
CONNECT TO GLOBAL SITES THROUGH OUR AFFILIATE NETWORKS AND SYNDICATIONS BLOG
MULTIPLE COMPANY WEBSITES
LIVE CHAT
SOCIAL MEDIA
VIDEO & VIRTUAL TOURS
SEARCH ENGINE OPTIMIZATION & MARKETING
REACH MILLIONS OF BUYERS THROUGH OUR MULTI-CHANNEL DIGITAL STRATEGY
SOPHISTICATED LEAD ROUTING AND SEARCH TOOLS
EMAIL BLASTS
LOCAL & INTERNATIONAL BUYERS
JHREA.com STARVALLEYREALESTATE.com JHREAtetonvalley.com WESTERNRANCHES.com All JHREA listings are uploaded to our top ranking network of web sites that are consistently ranked #1 on the most popular search engines. Our company sites generate over 125,000 visits and 600,000 pageviews annually.
LEADINGRE.com When your property is posted to JHREA.com, it is immediately promoted on LeadingRE.com as well as to the websites of over 565 of our affiliated real estate firms in the world.
CHRISTIESREALESTATE.com Christiesrealestate.com is one of the most popular luxury real estate sites in the industry displaying properties in excess of US$1 million. With annual pageviews average of 490 Million and over 60% international visitors, your listings will be viewed by qualified buyers from all over the world.
GRAHAMFAUPELMENDENHALL.com Grahamfaupelmendenhall.com is an enjoyable Interactive browsing experience promoting the Jackson Hole lifestyle and the area’s desirable properties. Features include Graham-Faupel-Mendenhall’s property videos, blog, market reports and community happenings.
MOBILE SITE OPTIMIZATION The Graham-Faupel-Mendenhall mobile site provides users access to your property from a range of mobile and tablet devices. Buyers can find listings, get directions, view property details and connect with Graham-Faupel-Mendenhall with one click.
REALTOR.COM APPLICATION REALTOR.comÂŽ has better photos and updates listing information more often than any other mobile real estate app. As a featured REALTOR.comÂŽ company our listings are shown at the top of property search pages.
UNPAR AL L ELED ON LI N E PRE SE N CE If your property is listed on JHREA.com, then your property is syndicated to over 170 online publishers and many of these sites have extended networks, resulting in exposure on up to 900 different sites.
E XC LUSI VE PRIN T PUBLICATION S Jackson Hole Real Estate Associates has a wide variety of publications tailored to our specific market. Combined, these publications reach hundreds of thousands of readers across the nation and around the globe. Our Catalog of Fine Properties has a wide distribution, unmatched by any other real estate firm in the Jackson Hole region.
CATALOG OF FINE PROPERTIES The official magazine of Jackson Hole Real Estate Associates. Published twice annually, this catalog features a current selection our exceptional properties as well as information pertaining to some of the wonderful resources and organizations available to our visitors and residents. Annual circulation is over 50,000 in both print and digital.
MARKET REPORT The Jackson Hole Real Estate Associates’ Market Report, unlike others in the valley, is derived from the JHREA proprietary, forty year old database (not just mls data) as well as decades of history and success, making this the most trusted and accurate real estate report in the region. No other real estate company or agent has the resources available to offer this depth of expertise or insight regarding current or previous market conditions.
THESE VIEWS WILL NEVER CHANGE
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400 Snow King Avenue Jackson, WY 83001
1,200 OFFICES
$118B 2015 ANNUAL SALES
888 733 6060
46 Iron Horse Drive Alpine, WY 83128
235 S. Main Street Thayne, WY 83127
65 S. Main Street Driggs, ID 83422
PRINT ADVERTISING Exclusive advertising opportunities in local and international publications: Jackson Hole News & Guide, Jackson Hole Daily, Star Valley Independent, Teton Valley News, BigLife, Jackson Hole Magazine, Christie's International Real Estate Magazine, Wall Street Journal, New York Times, Financial Times, The Land Report, LAND Magazine, Variety Real Estate Guide and many more. Graham-Faupel-Mendenhall has had exclusive right to the back page of Section A in the JH News & Guide since 1978 as well as featuring our properties in the JHRE Associates advertising program in the JH News and Guide and JH Daily and is included in special features in regional and national publications, Christie’s International Real Estate, Wall Street Journal, New York Times, Financial Times and International Herald Tribune.
E XC LUSI VE MA RK ETIN G An individualized marketing program is tailored to each specific listing. Graham Faupel Mendenhal will work to provide the best marketing avenues for your listing.
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DIRECT MAIL
A VIRTUAL TOUR is produced immediately and syndicated to select real estate websites. MAILINGS which include direct mail postcards, flyers or brochures are sent periodically to appropriate targeted lists. EMAIL BLASTS are sent at the time of listing and periodically throughout the year mass email updates are sent to our client list of nearly 3,000 and to all members of the Teton Board of Realtors. PERSONAL CONTACTS such as other brokers and our list of prospective buyers are personally contacted immediately regarding your property. Regular updates are sent to our contacts announcing any changes or news regarding your property. OPEN HOUSES & SHOWINGS are scheduled and personally manned by Graham-Faupel-Mendenhall. Feedback is sent to you following the open house. We are the experts on your property, therefore Graham-Faupel-Mendenhall professionals will be present at every showing and will report feedback to you immediately. WE PROVIDE REGULAR COMMUNICATION REGARDING marketing/ advertising activity and updates on the real estate market in our area. WE WILL GENERATE ALL CONTRACTS and thoroughly explain them, maintain timelines and complete transaction files; present all offers and negotiate offers and agreements per your instructions.
MARKETING MATTERS:RESULTS Graham-Faupel-Mendenhall is Jackson Hole and Teton Valleyâ&#x20AC;&#x2122;s top producing team. Graham-Faupel-Mendenhall has done over $1.6 billion cummulative in real estate sales. Graham-Faupel-Mendenhall consistently does over $100 million in sales volume each year. Graham-Faupel-Mendenhall has a long history of benchmark sales for Jackson Hole, Teton County, Wyoming and the West. JHRE Associates received the prestigious Global Affiliate of the Year Award from Christieâ&#x20AC;&#x2122;s International Real Estate for marketing and client service excellence in 2011 and 2014.
Jackson Hole Real Estate Associates named Christieâ&#x20AC;&#x2122;s International Real Estate
GLOBAL AFFILIATE OF THE YEAR 2011 | 2014
THE HIGHEST STANDARDS Christie’s International Real Estate’s highly qualified global network of independent real estate brokerages are the leading authorities within their geographic regions, and have close connections to the world’s most affluent individuals.
ART. BEAUTY. PROVENANCE. Building on centuries of experience in art, Christie’s International Real Estate works with affiliated brokerages selected for their expertise in luxury real estate sales and their extraordinary level of service. Together, we bring the world’s most desired residences to the world’s most discerning property buyers.
E X TR AO R DI N A RY A RT. EXCLUSIVE HOME S. C H RI STI E ’S INTERNATION AL RE AL E S TAT E Supported by the esteemed art auction house, Christie’s International Real Estate is a global network offering exclusive home and luxury real estate services to buyers and sellers worldwide. The Christie’s brand is instantly recognizable to clients and distinguishes your property from others. We focus exclusively on luxury residential real estate and understand how to reach and serve discerning clientele. Along with this expertise, we offer you the tailored, trusted service that our clients have depended on for 250 years, collaboration with our auction house colleagues, and referrals from our network of the world’s top brokers. Christie’s International Real Estate is an invitation-only affiliate network comprised of the world’s most proven and qualified real estate specialists in the luxury sector, and is the only international luxury real estate network wholly owned by an international art auction house. By cultivating a unique balance of worldwide scope and highly personalized service, Christie’s International Real Estate has become a global authority on the effective marketing of distinctive properties. A finely tuned suite of programs, and a commitment to the business philosophy established by Christie’s in 1766, defines a brand based on trust, integrity, discretion, and excellence. Christie’s International Real Estate built its reputation on the rigorous selection of local brokerages. Our Affiliates are selected for their success in luxury property sales and their ability to meet strict standards of excellence. When awarded Affiliate status, they gain access to our global marketing programs, worldwide network of more than 135 Affiliates and 32,000 agents across more than 45 countries, and the expertise of the Christie’s International Real Estate regional management teams. This unique combination of worldwide expertise and regional connections has established Christie’s International Real Estate as the leading network of brokers dedicated to the marketing and sale of luxury residential properties. Together, we offer an incomparable level of service and global visibility under a brand that stands for trust, discretion, and excellence.
$115 billion
46
2016 ANNUAL SALES
COUNTRIES
32,000
1,200
REAL ESTATE PROFESSIONALS
OFFICES
WO R L DWI D E MA RK ETI N G Christie’s International Real Estate combines traditional marketing channels with cutting-edge strategies. Our marketing programs mix new media with proven techniques that constantly evolve to meet future demands.
CHRISTIE’S AUCTION HOUSE EVENTS & BENEFITS Christie’s 450 annual sales present prime opportunities to effectively market our properties through banner displays, auction catalogue advertisements, auction house windows, and lobby displays. A monthly real estate e-newsletter is distributed to a broad auction house client base. Christie’s promotes real estate at various high profile events such as Art Miami, and Asian Art Week in New York.
CHRISTIE’S ADVERTISING Properties advertised under the Christie’s name benefit from invaluable exposure and association with a well-known and admired brand. Strategically targeted to reach the world’s most qualified potential buyers, Christie’s International Real Estate advertising initiatives receive prominent placement in leading periodicals such as The New York Times, The Wall Street Journal, The Wall Street Journal Asia, Architectural Digest Russia, Financial Times, Country Life, Architectural Digest, and Robb Report.
CHRISTIE’S INTERNATIONAL REAL ESTATE MAGAZINE Produced quarterly, our industry-leading publication
has an annual readership of approximately one million. With more than 200 pages full of lifestyle articles and beautiful homes, the magazine is a superior showcase for the world’s most exclusive real estate.
CHRISTIE’S PUBLIC RELATIONS Our press strategies are expertly crafted with our public relations team—which spans the Americas, Europe, Asia, and the Middle East—to maximize attention in acclaimed media outlets across the world. Properties in the Christie’s International Real Estate portfolio are routinely chosen by influential publications as the subject of editorial features, lifestyle pieces, travelogs, business reports, and other articles.
OTHER CHRISTIE’S SERVICES Christie’s corporate objective is to provide clients with unparalleled customer service and counsel. In addition to specialty areas of art, jewelry, wine, and collectables, Christie’s offers a comprehensive suite of client services including estates and appraisals, insurance valuations, private sales, fine art storage via Christie’s Fine Art Storage Services, and educational programs through Christie’s Education. All residential clients are eligible to receive the full suite of Christie’s services.
LEADING THE WORLD OF LUXURY
20,000
32,000 880
NUMBER OF AGENTS
1,200 Christie’s International Real Estate
Sotheby’s International Realty
Sotheby’s International Realty
Christie’s International Real Estate
Sotheby’s International Realty
Christie’s International Real Estate
Sotheby’s International Realty
Christie’s International Real Estate
Sotheby’s International Realty
75 M
A N N U A L PA G E V I E W S
42 M
ANNUAL WEBSITE VISITORS
56%
P E R C E N TAG E O F NON US WEB VISITS
64%
62 M
490 M
Christie’s International Real Estate
NUMBER OF OFFICES
SALES VOLUME
US $95 B
US $115 B
With a long history as the global authority on the representation of the world’s finest estates and condominiums, the expertise of the esteemed brokerages representing Christie’s International Real Estate is unmatched across the worldwide luxury residential landscape. Through its global Affiliate Network, Christie’s in involved in over $115 billion of annual high-end residential sales.
Christie’s International Real Estate
Sotheby’s International Realty
WO R L DWI D E DIGI TA L MA RK E TIN G The www.christiesrealestate.com website attracts more than two million visitors worldwide every year. With more than 60% of visitors to the site from outside the U.S., christiesrealestate.com is the preferred portal for buyers and sellers across the globe, and consistently ranks among the top luxury real estate results on major search engines. Access to an affluent audience is further enhanced by prominent real estate promotions on www. christies.com, which shows a selection of properties and brings auction house clients to view listings through a single click. Properties on the site also benefit from additional exposure on the websites of select online luxury media outlets, including The Wall Street Journal, The New York Times, Country Life, PropGOLuxury and Zaobao.
WO R L DWI D E DIGI TA L MA RK E TIN G (co n t.)
Advertising Campaigns
Christie’s International Real Estate has an exclusive partnership with Zaobao.com, the digital platform of Lianhe Our global print and digital advertising initiatives are strategically tailored to Zaobao, the Chinese flagship newspaper of Singapore Press Holdings. Zaobao.com, published in Chinese, connect with an affluent audience of potential home buyers and real reaches more than 4 million affluent Chinese consumers per month, with 18 million visits monthly and over 148 estate investors through targeted placement in the leadingaverage session time million page views. Visitors are highly engaged with the site's content withworld’s an exceptional publications. per visitor of 19 minutes. About 85% of Zaobao's website traffic is from Mainland China, with 72% of site visitors reporting that they or their families intend to study overseas, indicating a particular interest in real estate near international universities. The news site has been a widely trusted and respected news source among academia, Our press strategies are our international public relations politicians and business leaders in China fordesigned more thanby two decades.
Global Support in Public Relations
teams to maximize attention in acclaimed news outlets. Properties in our Displaying the world’s finest excess of million,publications christiesrealestate.com has active listings in 19 portfolio areproperties routinelyinchosen byUS$1 influential and the news languages and more than currentlyfeatures, showcases severalpieces, hundred properties valued at more than media as40 thecountries subject and of editorial lifestyle property US$10 million. Christie’s International Real Estate is actively involved in social media. Discover property roundups, travelogs, and business reports. We have a dedicated teamexclusive and photo tours, auction house spotlights, events, videos, and news from the international Affiliate network on social two global public relations firms on board to support this effort. media platforms such as Facebook, Twitter, Google+, Vimeo, YouTube, Instagram, Pinterest, and more. Robust search engine optimization, search engine marketing, and inbound marketing campaigns attract thousands of qualified visitors to the website each month.
Joseph Jackson-Hole is a vital part of the Christie’s International Real Estate global network of the world’s top brokerage firms. Joseph Jackson-Hole can tailor the marketing efforts for your property in combination with additional strategies to target your LUX URY MEDIA O UTL E TS local market.
ONL INE CHRISTIE'S INTERNATIONAL REAL ESTATE S Y N D I CAT E S TO:
SOLD | $100M Los Angeles, California The Playboy Mansion CA AFFILIATE: HILTON & HYLAND
E X TR AO R DI NLuxury ALuxury RY Properties, LUX URYUnmatched P ROP EInternational RTIE S Extraordinary Properties, Unmatched International Scope Extraordinary Scope UNMATCH ED INTERNATION AL S C OP E 15,600 PROPERTIES VALUED US$61 BILLION CHRISTIESREALESTATE.COM* 15,600 PROPERTIES VALUED AT AT US$61 BILLION ON ON CHRISTIESREALESTATE.COM* 15,600 properties valued at US$61 billion on ChristiesRealEstate.com
EXCLUSIVELY FOR HIGH-VALUE HOMES EXCLUSIVELY FOR HIGH-VALUE HOMES Properties by price (number of properties) Properties by price (number of properties)
EXCLUSIVELY FOR FOR HIGH-VALUE HOMES EXCLUSIVELY HIGH-VALUE HOMES Number of properties by region Number of properties by region 33% 33%
5% 5%2% 2%
25% 25%
12%12%
24% 24%
11%
18% 18%
11% 7%
7%
63% 63%
$1M - $3M USD $1M - $3M USD $3M - $5M USD $3M - $5M USD $5M - $10M USD $5M - $10M USD
$10M - $20M USD $10M - $20M USD >$20M USD >$20M USD
Europe, Northeast U.S. Southeast U.S., Western U.S. Asia Pacific Western U.S. Asia Pacific Northeast U.S. Europe, and Canada Southeast U.S., and Canada Middle East South America and Canada and Canada Middle East South America and Africa and Caribbean and Africa and Caribbean
* As of April 27, 2017 * As of April 27, 2017
www.christiesrealestat
JHREA.com earned LeadingREâ&#x20AC;&#x2122;s 2018 Website Quality Certification designation receiving high marks in a variety of critical areas relating to website performance, including usability, design, content, interactivity, customer service and mobile responsiveness.
MA RKE TI N G C O NT E ST HON O RA BLE M E NT I ON 2018
JHREA won Honorable Mention in the Leading Real Estate Companies of the World Marketing Contest at the 2018 annual conference. The award-winning entries were chosen for excellence in creativity, quality and overall presentation and effectiveness.
LO CAL EXPERTISE. GLOB AL CON N E CTION S. L E ADI NG REAL ESTATE CO MPAN IE S OF T H E WORLD Leading Real Estate Companies of the World (LeadingRE) is the home of the world's market-leading independent residential brokerages in over 65 countries, with over 565 firms and 130,000 associates producing over one million transactions valued at $368 billion annually. This by-invitation-only network is based on the unparalleled performance and trusted relationships that result in exceptional client experiences. When selling your home, you need global exposure in addition to the strong marketing expertise we deliver locally. As an affiliate of Leading Real Estate Companies of the World,® we have the resources to market your property to the highest possible number of potential buyers. With 130,000 talented associates around the world, we expose your property to buyers on six continents ensuring more eyes on your property. In addition, we receive inbound clients from other affiliates around the globe who are interested in purchasing a home. Leading Real Estate Companies of the World® is a pedigree denoting the very best companies who represent qualified clientele and wish to do business with similar firms. Each year our network is collectively responsible for over one million transactions on a global basis.
1.1 MILLION TRANSACTIONS ANNUALLY
$368
BILLION IN SALES IN 2016
NUMBER 1 MARKET SHARE COMPANIES IN 53 OF THE TOP 121 U.S. MARKETS
44%
OF TOP 121 U.S. MARKETS WHERE A LEADINGRE AFFILIATE RANKS NUMBER 1
50%
100
CLIENT INTRODUCTIONS MADE DAILY WORLDWIDE
ANNUAL INCREASES IN CROSS-BORDER TRANSACTIONS
LEADING THE INDUSTRY LEADERS
25.7%
LeadingRE has been selling more homes than any other competitor among the top 500 U.S. real estate firms for over 10 years and overall was responsible for 1.1 million sales units in 2016.
LEADING REAL ESTATE COMPANIES OF THE WORLD® 797,981 UNITS 9.4% RE/MAX 291,307 UNITS 20.7% KELLER WILLIAMS 645,515 UNITS
9.4% UNAFFILIATED FIRMS 293,437 UNITS
15.9% COLDWELL BANKER 495,504 UNITS
$368
n Leading Real Estate
Companies of the World®
n Keller Williams n Coldwell Banker n Unaffiliated Firms n RE/MAX n Berkshire Hathaway n n n n n n n n n
Home Services Century 21 Sotheby’s International Realty ERA Better Homes & Gardens Realty Executives HomeSmart Other Exit Realty Real Living
350
Jackson Hole Real Estate Associates affiliate®network Leading Real Estate Companies of the World
n Leading Real Estate
Companies of the World®
n n n n n n n n n n n
$306
$260
$225
RE/MAX
300
Coldwell Banker Keller Williams Berkshire Hathaway Home Services Century 21
250
Sotheby’s International Realty ERA Better Homes & Gardens Realty Executives
200
HomeSmart Real Living 150
$150 $127 100
$68 50
$21
Source: REAL Trends Top 500 for 2016 production, sales units.
$19
$17
$12
$9
0
INDUSTRY LEADING SALES $62 billion more U.S. home sales volume in 2016 than our closest franchise competitor. As an affiliate of Leading Real Estate Companies of the World,® our brokerage is a local and global market leader working on your behalf. LeadingRE’s worldclass marketing resources and connections allow us to provide you with a truly exceptional real estate experience.
PARTNERING WITH MARKET LEADERS Through our affiliate networks, Christie's International Real Estate and Leading Real Estate Companies of the World, we have the ability to market your property locally, regionally, nationally and internationally. Our global network is comprised of the very best real estate companies and the most talented professionals in the world. These associates ensure personal service with access to quality real estate connections. When buying or selling property outside of our local market, our world-class connections can help with real estate needs throughout our continent and to points around the globe.
WASHINGTON, DC
FIRST BROKER-OWNED, LIFESTYLE-DRIVEN, GLOBAL REAL ESTATE EXPERIENCE
DATA SHARING, SECURITY, AND INSIGHTS The REALM experience leverages the power of the global brokerage network, to match qualified buyers to properties based on lifestyle and passion rather than criteria. A curated luxury lifestyle digital content platform with integration of Machine Learning and Artificial Intelligence. REALM collects, secures, and repositions client data feeds with best-in-class and most secure solutions, improving the holistic real estate experience – for each individual broker and it’s collective member-base. Examples: •
Predictive lead scoring and listing matching technology
•
Data Concierge Service to validate data and advise on its optimization.
•
Private Client Portal enables communication between agents and clients within the platform
•
Database inscription to ensure member data is secure
FORMING STRATEGIC PARTNERSHIPS AND RELATIONSHIPS At Jackson Hole Real Estate Associates, it is our goal to deliver extraordinary experiences and services to our clients, team and community. We have formed strategic partnerships with people, projects and purveyors who share our similar vision and values and offer exclusive benefits to our agents, clients and listings. Together, we will collaborate on ways to best network through sponsorship activities, exposure and events both on a local and global scale.
HEATHER JAMES FINE ART
CHELSEA KMIEC, WELLNESS OFFICER
PRIVATE JET SERVICES GROUP
CO MMI TTE D TO C OMMUNITY Jackson Hole Real Estate Associates owners and associates have been members and supporters of hundreds of the regions community organizations and have contributed well-over $1.5 million dollars and 15,000 hours to these non-profits to date. We are dedicated to giving back to the communities where we live both as an organization and individually. Jackson Hole Real Estate Associates is proud to align itself with these organizations to help in the economic development of the area as well as to enhance the quality of life of its residents. »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »»
Adoption in the Tetons Adventures Plus Archery Aerial Boundaries, Inc. (Global Community Project) American Legion Post No. 43 American Red Cross of Wyoming, Bridger-Teton Branch Animal Adoption Center Animal Shelter-Jackson/Teton County Art Association of Jackson Hole Avalanche Awareness Foundation Avalanche Forecast Support Organization Blind Outdoor Leisure Development (B.O.L.D.) Boundless Boy Scouts of America - Troop 268 Boy Scouts of America-Troop 67 Buffalo Field Campaign Built Environment Education Project, The* Center for Resolution Center for the Arts Center of Wonder Central Wyoming College - Jackson Charture Institute Children’s Learning Center* Civil Air Patrol - Teton Squadron CLIMB Wyoming Community Bible Church Community Entry Services Community Foundation of Jackson Hole Community Resource Center Community Safety Network Cougar Fund, The Craighead Beringia South Craighead Environmental Research Institute Cub Scouts of America - Pack 268 Cub Scouts of America - Pack 40 Cultural Council of Jackson Hole Curran-Seeley Foundation C-V Region V BOCES School Dancers’ Workshop Davey Jackson Chapter of National Society of the Daughters of the American Revolution Ducks Unlimited of Jackson Hole EAA Chapter 1049 Earth Friends Wildlife Foundation Eastern Star Foundation of Jackson Hole Education For Our Future El Puente (Healthmap) Endeavor Wildlife Research Foundation First Baptist Church Friends of Pathways Friends of Teton County Fair Girls Actively Participating! Good Samaritan Mission Grand Teton Association Grand Teton Music Festival Grand Teton National Park Foundation Grand Teton Skating Academy Greater Yellowstone Coalition Habitat for Humanity of the Greater Teton Area Help Save the Arches Hoback Volunteer Fire Fighters Association Horse Warriors Institue for EthnoMedicine InterConnections 21 International Pedigree Stage Stop Sled Dog Race Jackson Bronc Backers Jackson Community Recycling Jackson Community Theater Jackson Cupboard Jackson Hole Center for Global Affairs
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Jackson Hole Child Care Helpers Jackson Hole Chorale Jackson Hole Community Band Jackson Hole Community Counseling Center Jackson Hole Community Garden Jackson Hole Community Housing Trust Jackson Hole Community Radio, Inc. Jackson Hole Community School Jackson Hole Conservation Alliance Jackson Hole Cowboy Jubilee Jackson Hole Crimestoppers Jackson Hole Elders* Jackson Hole Figure Skating Club Jackson Hole Fire/EMS Jackson Hole Historical Society and Museum Jackson Hole Housing Authority Jackson Hole Jaycees Jackson Hole Jewish Community Jackson Hole Kayak Club Jackson Hole Kiwanis, Inc. Jackson Hole Land Trust Jackson Hole Lions Club Jackson Hole Music Experience Jackson Hole Pony Club Jackson Hole Shooting Sports Foundation* Jackson Hole Ski and Snowboard Club Jackson Hole Stingrays Jackson Hole Symphony Orchestra Jackson Hole Therapeutic Riding Association Jackson Hole Trout Unlimited Jackson Hole Valleyball Jackson Hole Weed Management Association Jackson Hole Wildlife Film Festival Jackson Hole Wildlife Foundation Jackson Hole Writers Conference Jackson Hole Youth Soccer Jackson PFLAG Jackson USA Wrestling Club Jackson Youth Baseball Jackson Youth Hockey Jazz Foundation of Jackson Hole* Keep Yellowstone Nuclear Free Ladrillos para Los Artes Latino Resource Center Law Enforcement Support Organization Levi Dowell Memorial Scholarship Fund Maharishi Invincibilty Center Make-A-Wish Foundation of Wyoming Mary Mead Emergency Response Moose Corner Day Care Moran Volunteer Fire Fighters Association Murie Center, The National Foundation for the Geosciences National Museum of Wildlife Art National Parks Conservation Association Nature Conservancy in Wyoming, The New Initiatives in Public Education Northern Rockies Conservation Cooperative Off Square Theatre Company Old Wilson Schoolhouse Community Center P.E.O. Chapter BG pARTners PAWS of Jackson Hole PC Fund for Animals Charitable Trust Pioneer Homestead/Friends of Poineer Homestead Presbyterian Church of Jackson Hole Pursue Balance Read Right Fund Riot Act, Inc. RiverWind Foundation, The Rocky Mountain Elk Foundation Jackson Hole Chapter
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Rocky Mountain Ministries Rotary Breakfast Club of Jackson Hole Rotary Club of Jackson Hole Foundation Rotary Supper Club Charitable Association Russian Club of Jackson Hole* Salvation Army of Jackson Hole Santa Claus Fund Senior Center of Jackson Hole Shepherd of the Mountains Lutheran Church Sierra Club - Teton Group SK8 JH, Inc. Snake River Fund Snow King Volunteer Ski Patrol Soroptimist International of Jackson Hole Special Olympics Wyoming* St. John’s Episcopal Church Outreach Council St. John’s Medical Centen Auxiliary St. John’s Medical Center Foundation START Bus Ted Jonke Memorial Soccer Scholarship Teen Power, Inc. Teton Adaptive Sports, Inc. Teton County 4-H Teton County Education Foundation Teton County Historic Preservation Board Teton County Junior Miss Scholarship Program Teton County Library Friends and Foundation Teton County PAL Teton County Public Health Teton County School District #1 Teton County Search and Rescue Teton County Sheriff’s Auxiliary Teton County Victim Services Teton County/Jackson Parks & Recreation Department Teton Free Clinic Teton Junior Cycling Program* Teton Literacy Program Teton Raptor Center Fund Teton Science Schools Teton Valley Business Development Center Teton Valley Chamber of Commerce Teton Valley Foundation Teton Valley Ranch Camp Education Foundation Inc., The Teton Village Special Fire District Teton Wellness Institute Teton Youth and Family Services Teton Youth Scholarship Fund Trout Unlimited - Wyoming Water Project Turning Point Pregnancy Resource Center University of Wyoming Outreach - Jackson Branch Vista 360˚ Western Watersheds Project Wildlife Conservation Society Wilson Volunteer Fire Department Association, Inc. Womentum of The Equipoise Fund Wyoming Archaeological Society-Teton Chapter Wyoming Children’s Society Wyoming Global Leadership Exchange Wyoming Highlanders Wyoming K9 Search and Rescue Wyoming Outdoor Council Wyoming Wetland Society/Trumpeter Swan Fund Wyoming Wilderness Association Yellowstone-Teton Clean Energy Coalition
YEAR-END
2018
JACKSON HOLE REAL ESTATE MARKET REPORT
The Market Report Jackson Hole Real Estate Associates exclusively owns and maintains the valley’s oldest and most comprehensive database. Our Market Report, unlike others in the area, is derived from this proprietary, fortyyear old database (not just MLS data) and draws on our brokerage’s decades of success, making it the most trusted and accurate real estate report in the region. No other brokerage or agent has the resources available to offer this depth of expertise or insight into market conditions. The unmatched resources and knowledge of Jackson Hole Real Estate Associates – the largest and most dynamic real estate company in the region – combined with the largest independent affiliate networks, Christie’s International Real Estate and Leading Real Estate Companies of the World, allows us to offer the ideal balance of local expertise and global reach.
Jackson Hole Real Estate Associates THE REGION’S LARGEST REAL ESTATE COMPANY
As the region’s largest and most dynamic real estate company, Jackson Hole Real Estate Associates provides marketing and services that honor this remarkable destination. We are committed to being the leading luxury real estate brand in the Teton region. By staying on top of market trends and continually striving to offer cutting-edge marketing and advertising strategies we deliver extraordinary experiences that exceed our clients’ expectations. As a market leader in Jackson Hole, we believe the success of our company is based on the value that we provide for our clients, community and agents. It is this value-driven philosophy that has helped to guide the successful growth of our organization. There is no real estate company in the region that provides more exposure for listings or more choices for buyers.
* The statistics used in this report are from the Teton Multiple Listing Service (MLS) and JHREA’s internal database. * This report does not go into detail on every segment of the market, but is intended to offer an overview of general market conditions. * All statistics are supplied by sources that have been deemed reliable but are not guaranteed. * Statistics are cumulative.
Cover Image: 14390 S. Caddis Court | List Price: $2,600,000 | Snake River Sporting Club
M A RK E T H IGH LIGHTS
YEAR -E ND 20 1 8 v s. 20 1 7
16%
AVERAGE SALE PRICE
11%
MEDIAN SALE PRICE
35%
TOTAL DOLLAR VOLUME
10%
TOTAL TRANSACTIONS
On behalf of our team of dedicated professionals at Jackson Hole Real Estate Associates, we are pleased to present our comprehensive Market Report for year-end 2018. In this detailed report, you will find information on the market segments making up the region. As the leading brokerage in Jackson Hole, we have developed a dynamic report that sheds fresh light on the trends that are shaping our real estate market.
Please do not hesitate to contact our experienced team of professionals for more information specific to your area.
M A RK E T H IGH LIGHTS
YEAR -E ND 2 01 8 v s. 201 7 SALES DISTRIBUTION BY SEGMENT
288
44%
34%
TRANSACTIONS UNDER $1 MILLION
47
OTHER
8%
SALES DISTRIBUTION BY PRICE
TRANSACTIONS $1-5 MILLION
TRANSACTIONS $5 MILLION+
UNDER $500K
12%
36%
26%
HIGHEST SALE Snow King Hotel *Undisclosed LOWEST SALE $288,000
CONDO/TOWNHOME
VACANT LAND
14%
273
SINGLE FAMILY
19%
8%
$500K-$1M
$1M-$2M
$2-$5M
OVER $5M
2018 Market Overview Jackson Hole’s real estate market ended the year predictably strong. The draw of Jackson Hole’s rugged
697
beauty and active lifestyle continues to reflect in our real
bringing in 10% more transactions and a 35% increase in dollar volume. Average and median sale prices were also up, increasing 16% and 11%, respectively. Several
TOTAL NUMBER OF TRANSACTIONS 10% Increase over the prior year
estate market, with 2018
notable sales drove these figures, including the sale of
$1,818,767
AVERAGE SALE PRICE 16% Increase over the prior year
the Snow King Hotel, a historic ranch property southeast of town, and a ranching / equestrian property on Spring Gulch Road. Properties
under $500,000 have become even more difficult to find, evidenced
$992,500 MEDIAN SALE PRICE 11% Increase over the prior year
by a 24% decrease in sales. That category made up only 12% of the year’s transactions. Most sales took place in the $500,000 – $1 million segment, accounting for 36% of sales. Single
family homes accounted for about
44% of all transactions this year, a 20% increase over 2017. Overall, inventory dropped about 6% and properties are selling nearly 15% faster.
-6%
DECREASE IN INVENTORY
SOLD | List Price: $1,380,00 | Town of Jackson
YEAR-END 2018 SINGLE FAMILY Single-family homes were the most purchased properties in 2018, accounting for 44% of all transactions. Average sale prices increased by 9%, and the median sale price rose 22% to $1,585,000. Home
# of Transactions 304
32%
Total Dollar Volume
51%
Minimum Price Sold $438,000
-3%
Maximum Price Sold $14,995,000
-67%
sales in Teton Village more than doubled compared to last year.
Average Sale Price $2,341,574
9%
Another area with a large increase in transactions was South of
Median Sale Price $1,585,000
22%
Average Days on the Market 177
-14%
Jackson, which was up 46%. The majority of homes sold in the Town of Jackson and in the $1 million â&#x20AC;&#x201C; $2 million price segment. The amount of homes selling for over $5 million had a dramatic 107%
# Pending Transactions 24
0%
increase over 2017. Inventory is down about 7% and homes are
Inventory 118
-7%
selling about 14% faster than last year.
YEAR-END 2018 CONDOMINIUM & TOWNHOME The condo and townhome segment of Jackson Holeâ&#x20AC;&#x2122;s real estate
# of Transactions 238
4%
Total Dollar Volume
-6%
Minimum Price Sold 288,000
7%
However, the most recent figures show growth leveling. The number of
Maximum Price Sold $6,900,000
6%
transactions increased slightly, up 4%, but average sale prices are down
Average Sale Price $933,658
market has experienced strong appreciation over the past several years.
18%. This decrease can be contributed partly to a sell-out of townhomes in Teton Villageâ&#x20AC;&#x2122;s Shooting Star development and a shift to lower-priced products such as condo-tels. The median price of condos / townhomes increased by 8%, up to $645,000. Other market indicators point toward stabilization, including growing inventory (+17%), fewer units under contract at year-end (-20%), and a greater time on market (+36%).
Median Sale Price $645,000
-18% 8%
Average Days on the Market 156
36%
# Pending Transactions 12
-20%
Inventory 42
17%
SOLD | List Price: $305,000 | Town of Jackson
SOLD | List Price: $1,425,000 | North of Jackson
YEAR-END 2018 VACANT LAND The number of land transactions in Jackson Hole dipped by about 22% this year compared to 2017. Nonetheless, the top rule in real estate – location,
# of Transactions 96
-22%
Total Dollar Volume
29%
Minimum Price Sold $360,000
32%
location, location – rings true as ever. Land buyers in 2018 honed in on some
Maximum Price Sold $35,000,000*
of the most spectacular properties in the area, which is evidenced by a 28%
Average Sale Price $1,643,155
28%
Median Sale Price $800,000
-6%
increase in average sale price. Nearly 22% of the year’s land sales were over $3 million. Land inventory increased modestly, up 7%, but land sold
398%
16% faster than in 2017. Also worth noting, about 75% of sales were cash
Average Days on the Market 375
-16%
transactions, which was significantly higher than any other segment of the
# Pending Transactions 5
-17%
market.
Inventory 106 *List Price
7%
YEAR-END 2018 LUXURY
# of Transactions 91
63%
2018 was a remarkable year for luxury properties in Jackson Hole. The
Total Dollar Volume
65%
Maximum Price Sold $35,000,000*
-22%
number of transactions valued at over $3 million increased 63% compared to 2017. The median sale price of luxury properties increased by 5% to $4,500,000. Just under half of the luxury transactions were over $5 million. Most luxury sales occurred in Teton Village, followed by the areas South of Jackson and North of Wilson. There were 18 luxury land sales and 73 luxury
Average Sale Price $5,432,839
-3%
Median Sale Price $4,500,000
5%
residential sales. Even more indication of the strength of the luxury market is
Average Days on the Market 272
-29%
the decrease in inventory (-4%), the dramatic increase in properties under
# Pending Transactions 17
143%
contract (+143%), and the decrease in time to sell a luxury property (-29%). Note: In the luxury segment, the small number of transactions may affect comparisons on a percentage basis.
Inventory 103
-4%
*List Price
SOLD | List Price: $10,900,000 | North of Jackson
JHREA.COM JHREATETONVALLEY.COM WESTERNRANCHES.COM STARVALLEYREALESTATE.COM MAIN LOCATION 80 West Broadway PO Box 4897 Jackson, WY 83001 307 733 6060 TEL PEARL AT JACKSON 270 West Pearl Jackson, WY 83001 SNOW KING HOTEL 400 Snow King Avenue Jackson, WY 83001 SNAKE RIVER SPORTING CLUB 400 Snow King Avenue Jackson, WY 83001 ALPINE PO Box 3225 46 Iron Horse Drive Alpine, WY 83128 307 654 7575â&#x20AC;&#x201A; TEL THAYNE PO Box 846 235 South Main Street Thayne, WY 83127 307 883 7575 TEL TETON VALLEY, IDAHO 65 South Main Street Driggs, ID 83422 208 354 7325 TEL WESTERN RANCHES Representing legacy ranchland of the mountain west westernranches@jhrea.com