MARKET REPORT TETON COUNTY, WYOMING YEAR END
2018
TETON COUNTY, WYOMING — 2018 SALES VOLUME VS. UNITS SOLD YEAR TO DATE DEC. 2002-2018
SALES VOLUME
SALES VOLUME
UNITS SOLD
UNITS SOLD
$900M
700
$800M 600 $700M 500
$600M $500M
400
$400M
300
$300M 200 $200M 100
$100M
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2018 was record-setting for real estate sales volume. The MLS reported more than $922 million in sales, with 532 units sold for the twelve months ending December 31, 2018. Previously, the best year for Teton County, Wyoming was 2007—during which $804 million in sales volume and 581 units were closed. A reduction in available inventory is likely a contributing factor to the flat-to-slightly-downward trend in unit sales since 2013. Year-over-year, sales volume rose 32% and unit sales increased 14%.
UNIT SALES BY AREA
SALES VOLUME BY PRICE CATEGORY
YEAR TO DATE DEC. 31 2017 VS. 2018
YEAR TO DATE DEC. 31 2017 VS. 2018
YEAR TO DATE 2017
YEAR TO DATE 2017
187
YEAR TO DATE 2018
UNITS SOLD
YEAR TO DATE 2018
164
31
$250M 110
$225M $200M 101
95
82 73
67
102
$150M
75
$125M
54
45
81
$175M 117
14
126
224 220
32
$100M
TETON VILLAGE
WEST OF SNAKE RIVER
NORTH OF TOWN
TOWN OF JACKSON
SOUTH OF TOWN
< $850K
$850K-$1.5M
$1.5M-$3M
$3M-5M
>$5M
SINGLE FAMILY HOMES
Featured Property: # L2TB2S
current market. Sales volume of single family homes jumped 54% on a 26% increase in unit volume, propelled primarily by higherend homes. Above $1.5 million, unit volumes increased 53%, while sales volume surged
AT A GLANCE
of total unit sales during 2018, driving the
CURRENT AREA STATS
Single family home sales represented 46% Number of Single Family Homes Sold Year End 2018
Average Single Family Home Sale Price
% Change in Average Sales Price from Year End 2017
Average Days on Market
243
$2,429,800
+22%
154
72%.
NUMBER OF UNITS SOLD
ACTIVE LISTINGS
YEAR END 2017
*excludes fractional units
END OF SEPT. 2016
YEAR END 2018
END OF SEPT. 2017
73
71
END OF SEPT. 2018
60 55
54
54 49
49
45
45
46
44
41 34
33
32
34
33
31 22
6
5
3
TETON VILLAGE
WEST OF SNAKE RIVER
NORTH OF TOWN
TOWN OF JACKSON
SOUTH OF TOWN
8
TETON VILLAGE
11
WEST OF SNAKE RIVER
NORTH OF TOWN
TOWN OF JACKSON
SOUTH OF TOWN
CONDOMINIUMS/TOWNHOUSES townhouses
represented 35% of total unit sales during 2018. Five sales over $3 million helped to lift the condo market, which reported a 41% increase in sales volume and a 22% increase in unit volume year over year. Four of five sales over
AT A GLANCE
and
CURRENT AREA STATS
Condominiums
Featured Property: # 39N3C
Number of Condominiums Sold Year End 2018
Average Condominiums Sale Price
% Change in Average Sales Price from Year End 2017
Average Days on Market
187
$918,900
+13.4%
187
$3 million were within Teton Village.
NUMBER OF UNITS SOLD
*excludes fractional units
YEAR END 2017
*excludes fractional units
END OF SEPT. 2016
92
YEAR END 2018
ACTIVE LISTINGS
END OF SEPT. 2017
84
END OF SEPT. 2018
43
41
43
43
35 27 22
21 9
TETON VILLAGE
WEST OF SNAKE RIVER
12
NORTH OF TOWN
11
TOWN OF JACKSON
13 5
SOUTH OF TOWN
7 TETON VILLAGE
3
4
3
WEST OF SNAKE RIVER
6
1 NORTH OF TOWN
5
5 TOWN OF JACKSON
2 SOUTH OF TOWN
2
LAND & RANCHES
Featured Property: # 2B4HSN
and ranch unit volume fell 28% while sales volume was off by 21%. A $47 million sale in 2017 was partially offset by a $21.5 million sale duing 2018. Under $1.5 million, unit sales and sales volume of vacant land
AT A GLANCE
2017 to 11% of total sales in 2018. Land
CURRENT AREA STATS
Vacant land fell from 19% of total sales in Number of Land & Ranch Sites Sold Year End 2018
Average Land & Ranch Sites Sale Price
% Change in Average Sales Price from Year End 2017
Average Days on Market
65
$1,915,300
+9.4%
380
declined 39% and 41%, respectively.
NUMBER OF UNITS SOLD
ACTIVE LISTINGS
*vacant land <35 acres
YEAR END 2017
END OF SEPT. 2016
YEAR END 2018
END OF SEPT. 2017
*vacant land <35 acres
END OF SEPT. 2018 75
50
51 40 30
29 21 14
14 5
4
TETON VILLAGE
8
WEST OF SNAKE RIVER
NORTH OF TOWN
26
20 10
7
TOWN OF JACKSON
17 5
SOUTH OF TOWN
6 TETON VILLAGE
21
22 16 8
3 WEST OF SNAKE RIVER
NORTH OF TOWN
TOWN OF JACKSON
7
SOUTH OF TOWN
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 for areas one through ten, 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.
