MARKET REPORT WEST SIDE OF THE TETONS — YEAR END 2017
WEST SIDE OF THE TETONS — 2017 SALES VOLUME VS. UNITS SOLD YEAR TO DATE DEC. 2007-2017 SALES VOLUMES
SALES VOLUME
UNITS SOLD
UNITS SOLD
1000
$300K
900 $250K
800 700
$200K
600 500
$150K
400 $100K
300 200
$50K
100 2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
0
Unit and sales volumes continue to report positive gains following the recession. Since 2012, sales volume has jumped 134% and unit volumes are up 56%. Average sales prices have increased commensurately—up 42% in the five year period. Residential prices continue to rise as regional demand increases for more affordable housing. Median prices increased in both the condo and single family categories during 2017 reflecting fewer available listings at the lower end of those markets. Median prices of building sites declined slightly as a result of an increase in new inventory.
MEDIAN PRICES & MARKET SHARE MEDIAN SOLD PRICE COMPARISON YEAR TO DATE DEC. 31, 2016 VS. 2017 YEAR TO DATE 2016
$400K
YEAR TO DATE 2017
+10%
$350K $300K +8%
$250K $200K $150K $100K
-2%
$50K
SINGLE FAMILY
CONDO & TOWNHOUSE
BUILDING SITES
MARKET SHARE TOP 7 BROKERAGES YEAR TO DATE 2017 $50M $40M
197 SIDES
110 SIDES
$30M
72 SIDES
$20M
100 SIDES
$10M
TETON VALLEY REALTY
JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY
ALL SEASONS RESORT REALTY, LLC.
ALTA REALTY
73 SIDES
92 SIDES
87 SIDES
JACKSON HOLE REAL ESTATE ASSOCIATES, LLC.
SAGE REALTY GROUP
SILVER PEAKS REALTY
UNIT SALES & SALES VOLUME # of Residential Properties Sold Year End 2017 Average Sale Price % Change in Average Sales Price from Year End 2016 Average Single Family Home Absorption Rate
265 $410,800 +12.7% 4 Months
The average number of months it takes to sell a property at the current (12 month average) sales pace.
UNIT SALES BY TYPE
SALES VOLUME BY TYPE
YEAR TO DATE DEC. 31 2016 VS. 2017
YEAR TO DATE DEC. 2016 VS. 2017
YEAR TO DATE 2016 300
YEAR TO DATE 2017
YEAR TO DATE 2016 $120M
265
$100M
235
250
214
207
$80M
200
$60M
150
$40M
100
$20M
50
7 BUILDING SITES
RESIDENTIAL
12
5
FARM & RANCH LAND
11
COMMERCIAL & OTHER
RESIDENTIAL
BUILDING SITES
FARM & RANCH LAND
COMMERCIAL & OTHER
UNIT SALES BY AREA
SALES VOLUME BY AREA
YEAR TO DATE DEC. 31 2016 VS. 2017
YEAR TO DATE DEC. 2016 VS. 2017
YEAR TO DATE 2016 199
200
YEAR TO DATE 2017
YEAR TO DATE 2016
YEAR TO DATE 2017
205 178
183 $70M
175
$60M
150
$50M
125
$40M
100 75
62
68
$30M $20M
50 25
YEAR TO DATE 2017
18
17
ALTA, WY
12 VICTOR
DRIGGS
$10M
15
WEST SIDE OF TETON VALLEY
TETONIA
ALTA, WY
VICTOR
DRIGGS
WEST SIDE OF TETON VALLEY
TETONIA
MAIN OFFICE 185 WEST BROADWAY
EAST BROADWAY 110 EAST BROADWAY
FOUR SEASONS RESORT 7680 GRANITE LOOP ROAD
HOTEL TERRA 3335 WEST VILLAGE DRIVE
MANGY MOOSE 3295 VILLAGE DRIVE
SNAKE RIVER LODGE & SPA 7710 GRANITE LOOP ROAD
TETON MOUNTAIN LODGE 3385 WEST CODY LANE
VILLAGE MARKET 3200 MCCOLLISTER DRIVE
WILSON 1230 NORTH IDA LANE
JACKSON HOLE RACQUET CLUB 3535 NORTH MOOSE-WILSON ROAD
TETON PINES RESORT 3415 NORTH PINES WAY
TETON VALLEY, IDAHO ONE SOUTH MAIN STREET
Although the foregoing data has been compiled from sources deemed reliable, Jackson Hole Sotheby’s International Realty does not guarantee its authenticity. It is intended for informational purposes only, is subject to prior sale, error, revision, and cancellation without notice, and should be independently verified with the source of such information. Source data is provided by Teton Board of Realtors MLS (zones 12, 16-19) and supplemented with proprietary sales data for $0 sales. ®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Jackson Hole Sotheby’s International Realty is Independently Owned and Operated.