CONTENTS Graham-Faupel-Mendenhall
3-11
Individualized Marketing Program
12-17
Digital Media Platform
18-22
Christie’s International Real Estate
23-27
CIRE Comparative Statistics
28-29
CIRE Worldwide Marketing
30-35
Jackson Hole Real Estate Associates
36-37
Leverage Global Partners
38-39
Luxury Defined
40-45
Quarterly Market Report
46-55
GRAHAM-FAUPEL-MENDENHALL | WHO WE ARE 3
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. 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.
Christie’s International Real Estate
GLOBAL AFFILIATE OF THE YEAR 2011 | 2014
GRAHAM-FAUPEL-MENDENHALL | WHO WE ARE
G RE ET I N G S FR O M G RA H A M - FAUP E L- ME N DE N HA LL
GRAHAM-FAUPEL-MENDENHALL WHO WE ARE
GRAHAM-FAUPEL-MENDENHALL | WHO WE ARE
T E A M O F R E AL ESTATE P RO FESS IO NALS 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.
E X P E RT ISE Knowledgeable in all markets: residential, commercial, investment properties, resort properties, ranches and real estate development opportunities in Jackson Hole, Teton Valley, and Star Valley.
E X P E R IE N C E Graham-Faupel-Mendenhall has over 45 years in the real estate business in Jackson Hole and has done over $1.6 Billion in sales.
OW N E R S 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 IL IAT IO 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, Leverage Global Partners and the Urban Land Institute.
R E P U TAT IO N & CO M M U NITY INVO LVEM ENT 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.
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GRAHAM-FAUPEL-MENDENHALL | WHO WE ARE
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
KAREN TERRA OWNER, ASSOCIATE BROKER
MATT FAUPEL OWNER, ASSOCIATE BROKER
JULIE FAUPEL 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 the community as cochallengers of Old Bill’s Fun Run and as Rungius Members of the National Museum of Wildlife Art.
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 cochallengers of Old Bill’s Fun Run and as Rungius Members of the National Museum of Wildlife Art.
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 commonsense 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 teams supports the community as cochallengers of Old Bill’s Fun Run, which raises over $10M annually for nonprofits, and as Rungius Members of the National Museum of Wildlife Art.
Julie and her husband, Matt, relocated to Jackson from a suburb of Detroit, Michigan three months after they were married. Avid skiers and outdoors-people, Julie and Matt fell in love with all that the Tetons have to offer and they soon learned that the lifestyle benefits of Jackson Hole are matched only by the incredible community. Julie has a business degree from Michigan State University and, prior to transitioning into real estate; she was the Chief Operating Officer for Wyoming’s exclusive Christie’s brokerage. Julie’s background includes 12 years in management and consulting for luxury hotels and small businesses. Julie serves on the Jackson Hole Chamber of Commerce Board of Directors Executive Committee, the Grand Teton Music Festival Board of Directors, the Community Foundation Grants Committee and she is a member of the Christie’s International Real Estate Advisory Board. 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. In her spare time, Julie enjoys participating in Jackson’s active lifestyle with her husband and their dogs.
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JENNIFER DAWES ASSOCIATE BROKER
KATHLEEN JEFFERIS ASSOCIATE BROKER
LAURA COE SALES ASSOCIATE
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.
Jenn brought nine years of marketing and communications experience to real estate in 2005, after graduating from St. Lawrence University and working in San Francisco and Boston. Fourteen years in the valley has offered her familiarity with, and a love for, the valley and its people. Invested in her client’s needs and striving to help them make smart real estate decisions, Jenn enjoys working with buyers and sellers in Idaho and Wyoming. Jenn authors the Teton Valley Report, a semi-annual publication summarizing the state of the Teton Valley, ID and Alta, WY markets and is a Community Foundation of Teton Valley Challenger.
Kathleen is originally from Franklin, Tennessee and after moving to Jackson, Wyoming she instantly fell in love with Jackson and all the activities it affords. She holds a Bachelors of Business Management Degree from Birmingham Southern College. Kathleen gained added experience in Hospitality Sales and Management at two luxury Jackson Hole properties. Service and meeting clients’ needs are her top priorities and her sense of urgency to exceed their expectations is ever present. Kathleen transitioned to real estate in 2007 and has applied her personal work ethic to every facet of the business. Kathleen’s extensive contract management experience and innate persistence drives her to help clients achieve their goal of owning a piece of the Jackson Hole dream.
Laura came to Jackson for a career in hospitality and the outdoor lifestyle the area offers. She grew up in Centralia, Illinois and is a graduate of Murray State University with a Bachelors in Public Relations and Marketing. Laura brings her vast knowledge of the Jackson Hole area, hospitality sales skills, and a service focused mindset to her career in Real Estate.
GRAHAM-FAUPEL-MENDENHALL | WHO WE ARE
MACK MENDENHALL ASSOCIATE BROKER, GRI
8
TETON VALLEY RANCH
LITTLE JENNIE RANCH
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”. FOUR LAZY F RANCH
9
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
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
DEVELOPMENTS OWNED & REPRESENTED 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
COMMERCIAL SALES & LISTINGS TETON VILLAGE • Sojourner (Now Snake River Lodge and Spa) • Village Center - Sale of Village Store - Sale of Village Center 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
11
EXCLUSIVE MARKETING
INDIVIDUALIZED MARKETING PROGRAM | GRAHAM-FAUPEL-MENDENHALL
An individualized marketing program is designed for every listing.
PROFESSIONAL PHOTOGRAPHY is taken of all of our listings because we believe quality imagery has the greatest impact on buyers.
13
INDIVIDUALIZED MARKETING PROGRAM | GRAHAM-FAUPEL-MENDENHALL
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Magnificent Home with Grand Views
mls # 13-2715
2700 Trader Road, Jackson, WY 83001
MARKETING COLLATERAL
PRINT ADVERTISING
is produced immediately which can include brochures, handouts, comprehensive fact sheets, direct mail flyers, postcards, information that can be emailed as well as ads for newspapers, direct mail, our company catalog, other publications and on our websites.
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. 14
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 as well 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 Valley’s top producing team. Graham-Faupel-Mendenhall has done over $1.6 billion cumulative in real estate sales. Graham-Faupel-Mendenhall consistently produces 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 Christie’s International Real Estate for marketing and client service excellence in 2011 and 2014.
EXCLUSIVE MARKETING | JHREA PROPERTY CATALOG
2 01 5/ 1 6 W I N T ER | S P R I N G
C ATA L O G O F
FINE PROPERTIES JACKSON HOLE & SURROUNDING AREAS
JHREA PROPERTY CATALOG 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 75,000 in both print and digital.
JACKSON HOLE MOUNTAIN RESORT
50th Anniversary CURRENT SELECTION OF
Exceptional Real Estate JACKSON HOLE
Winter Wildlife TEAR-OUT
Area Map
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EXCLUSIVE MARKETING | JHREA MARKET REPORT
MARKETREPORT OVERVIEW OF THE JACKSON HOLE REAL ESTATE MARKET | 2015 MID-YEAR
JHREA QUARTERLY MARKET REPORT Jackson Hole Real Estate Associates exclusively owns and maintains the valley’s oldest and most comprehensive market database. 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.
Christie’s International Real Estate
G LO B A L A F F I L I AT E O F T H E Y E A R 2011 | 2014
17
DIGITAL MEDIA PLATFORMS | GRAHAM-FAUPEL-MENDENHALL
GRAHAMFAUPELMENDENHALL.COM The new 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.
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CHRISTIESREALESTATE.COM
JHREA.com is consistently ranked #1 on the most popular search engines. All JHREA listings are uploaded to our top ranked network of websites that generate over 12,000 visits and 65,000 page views a month.
Christiesrealestate.com is one of the most popular luxury real estate sites in the industry. With annual page views average 490 Million and over 60% international visitors, your listings will be viewed by qualified buyers from all over the world.
DIGITAL MEDIA PLATFORMS | JHREA & CHRISTIE’S REAL ESTATE
JHREA.COM
19
DIGITAL MEDIA PLATFORMS | ONLINE DISTRIBUTION 20
MOBILE MARKETING PLAN | GRAHAM-FAUPEL-MENDENHALL
The Graham-FaupelMendenhall 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 APP 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.
21
UNPARALLELED ONLINE PRESENCE
Over 90% of home buyers begin their search online. Jackson Hole Real Estate Associates 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.
MULTIPLE COMPANY WEBSITES
SEARCH ENGINE OPTIMIZATION
VIDEO & VIRTUAL TOURS
INTERNATIONAL BUYERS
SOCIAL MEDIA
CONNECT TO GLOBAL SITES THROUGH OUR STRATEGIC PARTNERSHIPS
REACH MILLIONS OF BUYERS THROUGH OUR MULTI-CHANNEL DIGITAL STRATEGY
LOCAL BUYERS
PROXIO.com JHREA is proud to be the only local member of this international mls service, which translates real estate listings into 19 languages. Brokerages that license Proxio services for listing translations on their public websites also gain access to an exclusive professional network of over 450,000 real estate agents in 115 countries, including members of over 40 national real estate associations on 6 continents.
ONLINE PUBLICATIONS
EMAIL BLASTS
SOPHISTICATED LEAD ROUTING AND SEARCH TOOLS
BLOG
JHREA.com www.JHREA.com is consistently ranked #1 on the most popular search engines. All JHREA listings are uploaded to our top ranked network of web sites that generate over 12,000 visits and 65,000 page views a month.
LEVERAGERE.com
CHRISTIESREALESTATE.com
Not only is Leverage the largest and fastest growing network of independent real estate firms in the world, it is the most innovative. With Leverage’s robust digital strategy, we will be able to tactfully promote properties like on their dominant digital outlets and website.
Christiesrealestate.com is one of the most popular luxury real estate sites in the industry. With annual page views average 490 Million and over 60% international visitors, your listings will be viewed by qualified buyers from all over the world.
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.
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.
Extraordinary Art. Exclusive Homes. Christie’s International Real Estate
CHRISTIE’S | HISTORY
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 138 Affiliates and 32,000 agents across more than 46 countries, and the expertise of the Christie’s International Real Estate regional management teams. Blending the auction house’s global perspective on art and lifestyle with the local expertise of our affiliated brokerages, Christie’s International Real Estate brings exceptional service and knowledge to discerning buyers and sellers of luxury real estate. 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.
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CHRISTIE’S | GLOBAL REACH
NEW YORK
HONG KONG
MIAMI
LOS ANGELES
LONDON
NEW YORK
HONG KONG LOS ANGELES
MIAMI
CHRISTIE'S INTERNATIONAL REAL ESTATE REACHES ACROSS THE GLOBE WITH A NETWORK OF 138 AFFILIATES WORLDWIDE.
CHRISTIE'S AUCTION HOUSE OFFICES
CHRISTIE'S INTERNATIONAL REAL ESTATE REACHES ACROSS THE GLOBE WITH A NETWORK OF 138 AFFILIATES WORLDWIDE.
CHRISTIE'S INTERNATIONAL REAL ESTATE OFFICES AFFILIATE LOCATION CHRISTIE'S AUCTION HOUSE OFFICES CHRISTIE'S INTERNATIONAL REAL ESTATE OFFICES AFFILIATE LOCATION
GLOBAL REACH
46
COUNTRIES
Jackson Hole Real Estate Associate’s exclusive relationship with Christie’s global real estate affiliate brokerages offer an unmatched connection to the world’s most affluent and discerning residential buyers and sellers.
139
AFFILIATES
1,350 OFFICES
32,000 AGENTS
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Jackson Hole Real Estate Associates named Christie’s International Real Estate
GLOBAL AFFILIATE OF THE YEAR 2011 | 2014
CHRISTIE’S | COMPARATIVE STATISTICS
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 $100 billion of annual high-end residential sales.
SALES VOLUME
NUMBER OF OFFICES
NUMBER OF AGENTS
US $113 Billion 32,000 1,350 US $70 Billion
760
Christie’s International Real Estate
Sotheby’s International Realty
Christie’s International Real Estate
Sotheby’s International Realty
16,500
Christie’s International Real Estate
Sotheby’s International Realty
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ANNUAL WEB VISITORS 57 Million
CHRISTIE’S | COMPARATIVE STATISTICS
% OF NON US WEB VISITS
ANNUAL PAGE VIEWS 57 MIL
57 Million 57% 1,350
36%
11 Million
Christie’s International Real Estate
Sotheby’s International Realty
Christie’s International Real Estate
Sotheby’s International Realty
11 MIL
Christie’s International Real Estate
Sotheby’s International Realty
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CHRISTIE’S | WORLDWIDE MARKETING
WORLDWIDE MARKETING Christie’s International Real Estate combines traditional marketing channels with cutting-edge strategies. Our marketing programs mix new media with proven techniques, constantly evolving to meet the demands of the future.
CH RISTI E’ S I N TER N ATI ON A L RE AL ESTATE MAGA ZI N E 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.
CH RISTI E’ S PUB LI C R ELATI ON S 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.
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CHRISTIE’S | WORLDWIDE MARKETING
OTH E R C H R IST IE ’ S SE RVIC ES Christie’s overarching 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.
C HRI ST IE ’ S AU C T IO N HO U S E E V E N TS & B E N E F ITS 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.
C HRI ST IE ’ S A DV E RT ISING 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.
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WSJ.com Europe.wsj.com Asia.wsj.com India.wsj.com Lat.wsj.com Cn.wsj.com (China) Mansion Global English Mansion Global Chinese Mansion Global Spanish CountryLife.co.uk Propgoluxury.com (US and Asia) NYTimes.com Financial Times
CHRISTIE’S | DIGITAL MARKETING
ONLINE LUXURY MEDIA OUTLETS THAT CHRISTIE’S INTERNATIONAL REAL ESTATE SYNDICATES TO:
DIGITAL MARKETING 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., our site 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 our properties and brings auction house clients to view our listings through a single click. Displaying the world’s finest properties in excess of US$1 million, our website has active listings in 19 languages and more than 40 countries and currently showcases several hundred properties valued at more than US$10 million. Christie’s International Real Estate is actively involved in social media. Discover exclusive property photo tours, auction house spotlights, events, videos, and news from the international Affiliate network on social 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. 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, and PropGOLuxury.
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CHRISTIE’S | NETWORK STATISTICS
EXTRAORDINARY LUXURY PROPERTIES, UNMATCHED INTERNATIONAL SCOPE 14,500 PROPERTIES VALUED AT US$55 BILLION ON CHRISTIESREALESTATE.COM*
EXCLUSIVELY FOR HIGH-VALUE HOMES Properties by price (number of properties)
5%
EXCLUSIVELY FOR HIGH-VALUE HOMES Number of properties by region 31%
2%
27%
12% 19%
12%
64%
7%
18%
Northeast U.S. and Canada $1M - $3M USD
$10M - $20M USD
$3M - $5M USD
>$20M USD
Europe and Africa
Southeast U.S., South America and Caribbean
Western U.S. and Canada
Asia Pacific
$5M - $10M USD
* As of January 10, 2015
www.christiesrealestate.com
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CHRISTIE’S | NETWORK STATISTICS
Network Statistics: Annual Sales Volume
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Jackson Hole Real Estate Associates THE REGION’S LARGEST & MOST DYNAMIC REAL ESTATE COMPANY Jackson Hole Real Estate Associates is committed to being the leading luxury real estate brand in the Teton region. At JHRE Associates, “Luxury” is measured by the quality of our people and our service, not the price of a property. 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. Our organization is comprised of experienced, successful and dedicated real estate professionals. Our collection of properties is unsurpassed and includes some of the most unique and sought-after real estate in the world. As the exclusive affiliate of Christie’s International Real Estate, our organization provides exposure to a worldwide audience and we provide the only luxury brand affiliation with an international auction house. 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.
JHREA | HISTORY
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.
Core 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 that our competitors
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| COASTAL PROPERTIES GROUP CLEARWATER BEACH, FLORIDA | COMEY & SHEPHERD REALTORS CINCINNATI, OHIO | CONLO IMMOBILIER PARIS, FRANCE | DAVID OGILVY & ASSOCIATES, INC. GREENWICH, CONNECTICUT | DILBECK ESTATES LA CAÑA DS MALÉ, MALDIVES | ENNIK ESTATES JOHANNESBURG, SOUTH AFRICA | ETEN REAL ESTATE COSTA ADEJE, TENERIFE, SPAIN STATES NEWPORT BEACH, CALIFORNIA | FRENCH QUARTER REALTY NEW ORLEANS, LOUISIANA | FRIEDBERG PROPERTIES & A STATE PRINCETON, NEW JERSEY | GREAT POINT PROPERTIES, INC. NANTUCKET, MASSACHUSETTS | GREEFF PROPERTIES CA MER DRAFF GREAT PROPERTIES MONTE CARLO, MONACO | HARRY NORMAN, REALTORS ATLANTA, GEORGIA | HIGGINS GRO T, CALIFORNIA | HOULIHAN LAWRENCE BRONXVILLE, NEW YORK | HOWARD HANNA REAL ESTATE SERVICES PITTSBURGH, PEN , SARDINIA, ITALY | ISLAND RESORT PROPERTY KAILUA-KONA, HAWAII | IVESTER JACKSON DISTINCTIVE PROPERTIESCORNELIU | JOHN FOSTER REAL ESTATE ST THOMAS, US VIRGIN ISLANDS | JUDICE & ARAUJO IMÓVEIS LTDA RIO DE JANEIRO, BRAZIL | MARRAKECH, MOROCCO | KENTWOOD REAL ESTATE DENVER, COLORADO | LA COMMERCIALE SRL ROME, ITALY | LANDSCO ATE NEWPORT, RHODE ISLAND | LONG & FOSTER REAL ESTATE, INC. WASHINGTON D.C. | LUXE PLATINUM PROPERTIES PORTLAN OPERTIES INC. BROKERAGE OTTAWA, CANADA | MAUI ESTATES INTERNATIONAL LLC MAUI, HAWAII | MAXWELL-STORRIE-BAYN CE | MONT TREMBLANT REAL ESTATE INC. MONT TREMBLANT, CANADA | MORELAND PROPERTIES AUSTIN, TEXAS | NEUMA GARA-ON-THE-LAKE, CANADA | NORRIS & COMPANY REAL ESTATE VERO BEACH, FLORIDA | OLIVER LUXURY REAL ESTATE TAH RNIA | PALL SPERA COMPANY REALTORS, LLC STOWE, VERMONT | PANAMA PREMIER ESTATES PANAMA CITY, PANAMA | PHYL AYA FLAMINGO, COSTA RICA | PLOUMIS SOTIROPOULOS REAL ESTATE ATHENS, GREECE | PORTA DA FRENTA, LDA LISBON, PO TERNATIONAL INC. SANTO DOMINGO, DOMINICAN REPUBLIC | PROVENANCE PROPERTIES OF CAYMAN LTD GRAND CAYMAN, C GLOBAL LUXURY REAL ESTATE | REGENCY AL REAL ESTATE ORLANDO, FLORIDA LTD PROVIDENCIALES, TURKS & CAICOS ISLANDS | REGENT EIENDOMSMEGLI AT A GLANCE RESIDENCE FASTIGHETSMÄKLERI STOCKHOLM, SWEDEN | RICHARDSON PROPERTIES, INC. SAN LUIS OBISPO, CALIFORNIA | SELECT PROPERTIES OF VIRGINIA IRVINGTON/RICHMOND RICHMOND, VIRGINIA | SHERRY FITZGERALD DUBLIN, IRELAND | SIBA Highlights from Luxury Defined 2015, Christie’s International | SPECIAL REAL ESTATE SINGAPORE SADDLE RIVER, NEW JERSEY | SPG FINEST PROPERTIES GENEVA, SWITZERLA Real Estate’s whitePROPERTIES paper on the prime property market FORNIA | STRUTT & PARKER LONDON, ENGLAND | SUN VALLEY REAL ESTATE LLC KETCHUM, IDAHO | TELLURIDE REAL ESTA Y PAWLEYS ISLAND, SOUTH CAROLINA | TRAILS WEST REAL ESTATE LLC WHITEFISH, MONTANA | TRILLION REALTY GROUP, IN Christie’s International Real Estate is the world’s leading luxury residential network. Together with collective knowledge | VILLAGE PROPERTIES REALTORS MONTECITO, CALIFORNIA | VON POLL IMMOBILIEN GMBH FRANKFURT AM MAIN, GERMAN of its 138 affiliated brokerages in 46 countries, Christie’s International Real Estate is uniquely qualified to understand | WILLIS | WÜST UND WÜ NS REAL ESTATE, LLC CHARLESTON, SOUTH CAROLINA ALLEN REAL ESTATE DIEGO, CALIFORNIA trends shaping the prestige property market. Highlights from our 2015 white paper, Luxury SAN Defined, are featured below. Download the full reportESTATE, at christiesrealestate.com/luxury-defined. TEXAS | AMERICAN CARIBBEAN REAL INC. ISLAMORADA, FLORIDA | AVANTGARDE PROPERTIES VIENNA, AUSTRIA | AX NC. SANTA FE, NEW MEXICO | BARNBROOK REALTY BERKSHIRES, UNITED STATES | BAYLEYS REALTY GROUP AUCKLAND, N | BROWN - More homes than ever HAMPTON, before were sold and listedYORK at - SecondHARRIS home markets led the growth high-value sales PALM BEACH, FLORI E HAMPTONS AND NORTH FORK EAST NEW STEVENS OF ofPALM BEACH US$100 million or higher in 2014. in 2014, with ‘Jet set destinations’ recording on average a RMEL REALTY COMPANY CARMEL-BY-THE-SEA, CALIFORNIA | CDR BIENES RAICES SAN MIGUEL GUANAJUATO, MEXICO | CHE 28 percent year on year increase. - In the markets surveyed, on average luxury home sales ORS NORTHPORT, NEW YORK | COASTAL PROPERTIES GROUP CLEARWATER BEACH, FLORIDA | COMEY & SHEPHERD REALTO jumped by 16% in 2014. - The average starting price for a ‘luxury home’ worldwide is RANCE | DANIEL FÉAU CONSEIL IMMOBILIER PARIS, FRANCE | DAVID OGILVY US$2 million. & ASSOCIATES, INC. GREENWICH, CONNECTICU - 2014 welcomed a return to normality in most major cities MIRATES | DUTCH DOCKLANDS MALDIVES with growth MALÉ, showing signs of stability. | ENNIK ESTATES JOHANNESBURG, SOUTH AFRICA | ETEN REAL ESTATE COS ND, FLORIDA | FIRST TEAM ESTATES NEWPORT BEACH, CALIFORNIA | FRENCH QUARTER REALTY NEW ORLEANS, LOUISIANA LORIA NILSON & CO. REAL ESTATE PRINCETON, NEW JERSEY | GREAT POINT PROPERTIES, INC. NANTUCKET, MASSACHUSETT HAM, MICHIGAN | HAMMER DRAFF GREAT PROPERTIES MONTE MONACO | HARRY NORMAN, REALTORS ATLANTA, GEO What’s the starting price for a luxury home aroundCARLO, the world?
-
CHRISTIE’S | LUXURY DEFINED
2014 welcomed a return to normality in most major cities with growth showing signs of stability.
What’s the starting price for a luxury home around the world? US$, average by luxury housing market location
$6m+ $3m+ SAN FRANCISCO
$3m+
$5m+ $1m+
LOS ANGELES*
TORONTO
$3m+
LONDON* PARIS
NEW YORK
ATLANTA
$2m+
$8m+ $2m+
DUBAI
$5m+
MIAMI
$4m+
HONG KONG
SINGAPORE
$6M+ $4M+ $2M+ $750K+
$2m+ $1m+
RIO DE JANEIRO
$750k
DURBAN
$4m+
PUNTA DEL ESTE
SYDNEY
* Los Angeles data references Beverly Hills and surrounds. London data references Prime Central London. New York data references Manhattan.
41 20 Rockefeller Plaza, New York, New York 10020
Global Economic Hub
Metropolitan
Suburban Global Economic Hub
Luxury property moves fastest in the city
Growth in the number of luxury home sales (individual units) by market type, 2013 - 2014
160
14
1
14
Average number of days on market for $1m+ homes, December 2014
2
Suburban
Suburban
2
33
28% 28%
Jet Set Destinations Jet Set Destinations
Metropolitan Metropolitan
14
1
Metropolitan Metropolitan
160
177 387
33
Global Economic Hub Global Economic Hub
Metropolitan
Luxury resort markets heat up, while the city simmers Luxury heat while thebycity Growth in theresort number markets of luxury home salesup, (individual units) marketsimmers type, 2013 - 2014
1
Average number of daysmoves on market for $1m+ Luxury property fastest in thehomes, city December 2014
Lifestyle & Lifestyle & Regional Resort Regional Resort
CHRISTIE’S | LUXURY DEFINED
269269
GLOBAL LUXURY REAL ESTATE AT A GLANCE GLOBAL LUXURY REAL ESTATE AT A GLANCE
Weekender Weekender
1 14
269
16
177 387
160
2
33
Lifestyle & Regional Resort 177 387
2
33
Luxury resort markets heat up, while the city simmers
Weekender
269
GLOBAL LUXURY REAL Weekender AT A GLANCE
Jet Set Weekender Destination
269
Weekender 0
Weekender Weekender
25% 25%
Lifestyle & Regional Resort
9%
9% Global Economi Global Econom
Luxury resort markets 19% heat up, while the city simmers
3%
& of luxury home sales (individual units) Jet Set 3% Growth in Lifestyle the number by market type, 2013 - 2014 Lifestyle & Regional Resort19% Growth in the number of luxury home sales (individual units) by market type, 2013 - 2014 Suburban Regional Resort Destination Lifestyle & Regional Resort Suburban ESTATE
Jet Set Destination
269
Lifestyle & Regional Resort
Christie’s International Real Estate Index Luxury resort markets heat up, while the city simmers
Primary Markets Primary Markets
28%
Growth in the number of luxury home sales (individual units)Jet by market type, 2013 - 2014 Set Destinations
Resort Markets Resort Markets
15%
Metropolitan Jet Set Destinations
Luxury Index
20 Ro T 20 Ro
28%
Metropolitan
Score (out of 100)
Luxury resort markets heat up, while the city simmers75 London
Growth in the number of luxury home sales (individual units) by market type, 2013 - 2014 New York
59
19%
Primary54Markets
19%
Lifestyle & Regional Resort
25%
Dubai
25%
9
Global Econom
record sale price
Average price per square foot (luxury)
Number of property Resort Markets
3%
Suburban
53 51
sales over $1 Million
3%
19%
Suburban Lifestyle & Regional Resort Primary Markets
3%
Suburban
Resort Markets
9% Number of listings over $1 Million per capita Percentage of international and non-local buyers Percentage of secondary
41
20 Rockefeller Plaza, New York, New York 10020 Tel. +1 212 468 7182, Fax +1 212 468 7141 www.christiesrealestate.com
20 R
and additionalPlaza, homesNew York, New York 10020 20 Rockefeller Tel. +1 212 468 7182, Fax +1 212 468 7141 www.christiesrealestate.com 3%
19%
Lifestyle & Regional Resort
Suburban
Score (out of 100)
Resort Markets
15%
Global Economic Hub
Resort Markets
Toronto
Toronto Primary Markets
9%
Metropolitan MarketHub Global Economic
Lifestyle &56Regional Resort
San Francisco
Luxury Thermometer
9%
Global Economic Hub Weekender
70
28%
25%
Jet Destinations LosSet Angeles Weekender
Primary Markets Miami
25%
63
Sydney
Weekender
15%
Metropolitan
Weekender
Hong Kong
Paris
71
28%
Jet Set Destinations
69
42
CHRISTIE’S | LUXURY DEFINED
What’s the starting price for a luxury home around the world? US$, Average by luxury housing market type the starting price for a luxury home around the world? What’s US$, Average by luxury housing market type
Global Economic Hub Global Economic Hub
Jet Set Destination
Global Economic Hub
$3.6M $3.6M
$3.6M
$2.2M
$2.3M
$2.2M
Lifestyle & Regional Resort $1.5M
Lifestyle & Metropolitan Regional Resort
$1.1M $1.5M
$1.1M
Metropolitan
$1.1M
43
19%
Metropolitan
$2.2M
Lifestyle & Regional Resort
Lifestyle & Regional Resort
$1.5M
Weekender
Resort Markets
$1.8M
$2.3M
Weekender
Primary Markets
Suburbs
$1.8M $1.8M
Jet Set Destination
$2.3M
Suburbs
Suburbs
Jet Set Destination
Weekender
CHRISTIE’S | MARKET LEADER PARTNERS
PARTNERING WITH MARKET LEADERS
NEW YORK, NY
PARK CITY, UT
CHICAGO, IL
NEW JERSEY
SAN FRANCISCO, CA WASHINGTON, DC
DENVER, CO
LOS ANGELES, CA ATLANTA, GA
DALLAS, TX
MIAMI, FL
44
CHRISTIE’S | OWNERSHIP
Christie’s Ownership The Christie’s family:
45
M I D -YE A R
2016
JACK SON HOLE REAL E S TAT E MA RK E T RE P OR T
The Market Report Jackson Hole Real Estate Associates exclusively owns and maintains the valley’s oldest and most comprehensive database. 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. 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 global luxury real estate network, Christie’s International Real Estate, we are able to offer the ideal balance of local expertise and global reach. As the market leader in the Jackson Hole region, we believe the success of our company is based on the value that we provide for our clients, community and agents.
Jackson Hole Real Estate Associates THE REGION’S LARGEST REAL ESTATE COMPANY
In 2014, Jackson Hole Real Estate Associates was named Global Affiliate of the Year by Christie’s International Real Estate. We have twice been recognized for this award, 2011 and 2014. This top honor recognizes network-wide excellence in branding, marketing and innovation. 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 produced more than double the number of listings and 40% more transactions than our nearest competitor in 2015. Jackson Hole Real Estate Associates is committed to being the leading luxury real estate brand in the Teton region. By staying on top of market trends and continuing to offer cutting edge services we deliver extraordinary experiences to clients and exceed their expectations. Please do not hesitate to contact any of our real estate professionals for a consultation or a market update in your area.
* 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. Statistics are cumulative. * All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
MA R K E T H IG H L IG H TS
9%
AVERAGE SALE PRICE
10%
MEDIAN SALE PRICE
-12%
AVERAGE DAYS ON MARKET
On behalf of our team of dedicated professionals at Jackson Hole Real Estate Associates, we are pleased to present our newly redesigned comprehensive market report for the first half of 2016. In this detailed report, you will find information on the market segments making up the Jackson Hole area. As the market leader in Jackson Hole, we have developed a more dynamic report that sheds fresh light on the insights and trends that are shaping our real estate market. In the first half of 2016, average and median sale prices increased and average days on market decreased, conveying the continued health of the Jackson Hole real estate market.
MA R K E T H IG H L IG H TS SALES DISTRIBUTION BY SEGMENT
78
38%
TRANSACTIONS UNDER $1 MILLION
37%
4
OTHER
12%
TRANSACTIONS $1-5 MILLION
SALES DISTRIBUTION BY PRICE
TRANSACTIONS $5 MILLION+
UNDER $500K
20%
39%
25%
HIGHEST SALE $10,250,000 LOWEST SALE $264,000
CONDO/TOWNHOME
VACANT LAND
13%
50
SINGLE FAMILY
13%
3%
$500K-$1M
$1M-$2M
$2-$5M
OVER $5M
MID-YEAR 2016 Overall Market
The overall market in the first half of 2016 experienced a decrease in the number of transactions, down about 14% compared to the first half of 2015. While the number of transactions fell, the average and median sale prices were still higher in the first half of 2016 than in the first half of 2015. The average sale price increased by about 9% and the median sale price increased about 10%. The average and median sale prices were higher than in 2015, but lower than in the first quarter of 2016. The difference may be attributed to the shift in the distribution of sales in the $500,000-$1 million price range, 39% of total sales. There were 78 transactions under $1 million. Properties also sold more quickly than in the first half of 2015. The average number of days on market decreased by 12%, and by over 18% in the single family and vacant land segments. The inventory shortage throughout 2015 did not change much in the first half of 2016, with the number of active listings up only 1%. Without a large increase in inventory, low supply will likely continue to be a contributing factor in the balance of 2016.
265
TOTAL NUMBER OF TRANSACTIONS Q2 2016
14% decrease
compared to mid-year 2015
$1,451,675
AVERAGE SALE PRICE Q2 2016
$887,000 10% increase
compared to mid-year 2015
9% increase
compared to Q2 2015
MEDIAN SALE PRICE Q2 2016
1%
INCREASE IN INVENTORY
SOLD | 16-870 | List Price: $1,750,000 | Wilson
MID-YEAR 2016 Single Family
# of Single Family Transactions 101
The average and median sale prices decreased -5% and -1%, respectively. There were only two single family home sales under $500,000 and these homes were located north of town in Moran, Wyoming. Single family homes located in the Town of Jackson, where the majority of single family home sales took place, remained roughly the same as this time last year, however, the second highest area for single family sales, located just south of the Town of Jackson, experienced a large decrease in transactions, down about 37%.
-5%
NUMBER OF TRANSACTIONS
-10%
TOTAL DOLLAR VOLUME
SOLD | 16-806 | List Price: $2,225,000 | Wilson
-5%
AVERAGE SALE PRICE
1%
INVENTORY
% Change in Transactions from 2015 -5% Minimum Price Sold $405,900 Maximum Price Sold $10,250,000 Average Sale Price $1,802,924 Median Sale Price $1,140,000 Average Days on the Market 239 # Pending Transactions 31
MID-YEAR 2016 Condominium & Townhome
# of Condominium/Townhomes Transactions 98
The number of transactions in the condominium/townhome segment decreased about 10% compared to the first half of 2015. The average sale price also decreased, down about 10% from this time last year. These decreases may primarily be attributed to the high-end condominium/townhome transactions that took place in the Teton Village area last year. Nearly half of all condominium/townhome transactions in the first half of 2016 were in the $500,000-$1 million price range.
-10%
NUMBER OF TRANSACTIONS
-18%
TOTAL DOLLAR VOLUME
-10% AVERAGE SALE PRICE
SOLD | 15-2240 | List Price: $900,000 | Teton Village
9%
INVENTORY
% Change in Transactions from 2015 -10% Minimum Price Sold $264,000 Maximum Price Sold $3,750,000 Average Sale Price $804,537 Median Sale Price $575,000 Average Days on the Market 175 # Pending Transactions 19
SOLD | 16-123 | List Price: $1,350,000 | Town of Jackson
SOLD | 15-2638 | 15-2642 | List Price: $1,850,000 | Town of Jackson
SOLD | 16-863 | List Price: $1,375,000 | Town of Jackson
SOLD | 15-2037 | List Price: $3,300,000 | Teton Village
MID-YEAR 2016 Vacant Land
# of Vacant Land Transactions 37
The vacant land segment of the market struggled to keep pace with the first half of 2015, with about 45% fewer transactions. One substantial ranch sale contributed to the average sale price increase, up about 39%. However, the median sale price, decreased about 22%. The majority of vacant land transactions took place in the Teton Village area, spurred by the velocity in the Shooting Star development.
% Change in Transactions from 2015 -45% Minimum Price Sold $355,000 Maximum Price Sold $7,990,000 (ranch property) Average Sale Price $1,594,857 Median Sale Price $625,000
-45%
NUMBER OF TRANSACTIONS
-40%
TOTAL DOLLAR VOLUME
39%
AVERAGE SALE PRICE
-10% INVENTORY
Average Days on the Market 347 # Pending Transactions 11
MID-YEAR 2016 Luxury
# of Luxury Transactions 23
The luxury segment of the market, defined as transactions over $3 million, followed overall market trends, producing about 12% fewer transactions. Majority of transactions, about 65%, took place in the $3 million - $5 million price range.
Minimum Price Sold $3,100,000
* It is important to note in the luxury segment, the small number of transaction size affects any comparison on a percentage basis.
% Change in Transactions from 2015 -12%
Maximum Price Sold $10,250,000 Average Sale Price $4,793,158 Median Sale Price $3,850,000
-12%
NUMBER OF TRANSACTIONS
-25%
TOTAL DOLLAR VOLUME
-13% AVERAGE SALE PRICE
12%
INVENTORY
Average Days on the Market 516 # Pending Transactions 4
SOLD | 16-796 | List Price: $4,900,000 | Town of Jackson
307 733 0812 tel 307 732 7491 fax www.grahamfaupelmendenhall.com www.JHREA.com www.starvalleyrealestate.com www.tetonvalleyidahorealestate.com www.westernranches.com PO Box 2336 Jackson, WY 83001 80 West Broadway Jackson, WY 83001 270 W. Pearl Jackson, WY 83001 Snow King Resort Hotel Jackson, WY 83001 PO Box 3225 46 Iron Horse Drive Alpine, WY 83128 307 654 7575 tel PO Box 846 235 S Main St Thayne, WY 83127 307 883 7575 tel 65 S Main St Driggs, ID 83422 208 354 7325 tel