MARKET REPORT TETON COUNTY, WYOMING QUARTER 2
2019
TETON COUNTY, WYOMING — 2019 SALES VOLUME VS. UNITS SOLD YEAR TO DATE JUNE 2002-2019
SALES VOLUME
SALES VOLUME
UNITS SOLD
UNITS SOLD
$450M
350
$400M 300 $350M 250
$300M $250M
200
$200M
150
$150M 100 $100M 50
$50M
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2018 was a record setting year for sales volume. Interestingly, 2018 sales volume was slow out of the starting gate but accelerated in April and never looked back. Conversely, 2019 had a strong first quarter but lost momentum in the 2nd quarter. In comparison to a very strong first half in 2018, unit and sales volume for the 6-month period in 2019 are slightly behind last year’s comparable period, down only 5%.
UNIT SALES BY AREA
SALES VOLUME BY PRICE CATEGORY
YEAR TO DATE JUNE 2018 VS. 2019
YEAR TO DATE JUNE 2018 VS. 2019
YEAR TO DATE 2018
YEAR TO DATE 2018
YEAR TO DATE 2019
YEAR TO DATE 2019
94
UNITS SOLD
$110M
50
76
12 41
$90M $80M
19
$70M 46
41 34
$60M
45 30
28
34
31
14
$100M
$50M
19
58 104 99
43
$40M $30M $20M $10M
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: #33B49R
3% on a 15.8% decrease in unit volume. Single family homes selling between $1.5 and $3.0 million are driving the market. Inventory is up slightly, 5% year over year. Under $1.5 million, inventory is up 10%, however units and sales
AT A GLANCE
total unit sales year to date. Sales volume is up
CURRENT AREA STATS
Single family home sales represent 38% of Number of Single Family Homes Sold Year to Date 2019
Average Single Family Home Sale Price
% Change in Average Sales Price from Year to Date 2018
Average Days on Market
85
$2,679,500
+22.5%
173
volume are down 51% and 50% respectively.
NUMBER OF UNITS SOLD
ACTIVE LISTINGS
YEAR TO DATE 2018
YEAR TO DATE 2017
YEAR TO DATE 2019
YEAR TO DATE 2018
*excludes fractional units
YEAR TO DATE 2019
61
25
54
18 13
33
15
48
46 46
33
29
2
7
1 WEST OF SNAKE RIVER
NORTH OF TOWN
TOWN OF JACKSON
47 47 46
25
25
TETON VILLAGE
50
SOUTH OF TOWN
7 TETON VILLAGE
37 31
12
WEST OF SNAKE RIVER
NORTH OF TOWN
TOWN OF JACKSON
SOUTH OF TOWN
CONDOMINIUMS/TOWNHOUSES
Featured Property: #SFWKZ3
units sold soared 74% to 61 while sales volume jumped 33%. Under $850,000, average prices declined 14% the result of twelve sales at the Virginian. Average prices are $589,000. 2018 included a $4.0
AT A GLANCE
sented 42% of total unit sales year to date.
CURRENT AREA STATS
Condominiums and townhouses repreNumber of Condominiums Sold Year to Date 2019
Average Condominiums Sale Price
% Change in Average Sales Price from Year to Date 2018
Average Days on Market
94
$786,000
-23.6%
110
million sale.
NUMBER OF UNITS SOLD
*excludes fractional units
ACTIVE LISTINGS
*excludes fractional units
YEAR TO DATE 2017
YEAR TO DATE 2018 YEAR TO DATE 2019
YEAR TO DATE 2018 YEAR TO DATE 2019
61
35 25 18
26
5 TETON VILLAGE
28
28
16
WEST OF SNAKE RIVER
5
5
NORTH OF TOWN
3 TOWN OF JACKSON
5
SOUTH OF TOWN
9
8
TETON VILLAGE
6
9
6
10
WEST OF SNAKE RIVER
4
1 NORTH OF TOWN
2
0 TOWN OF JACKSON
0 SOUTH OF TOWN
3
LAND & RANCHES
Featured Property: #DEMN8G
and Commercial represent 2% of units sold. Overall, inventory of vacant land declined nearly 14% in the past year. Significantly, the under $850,000 category inventory fell by 1/3. Fewer available properties at
AT A GLANCE
in the current period while Farm and Ranch
CURRENT AREA STATS
Vacant land increased to 12% of total sales Number of Land & Ranch Sites Sold Year to Date 2019
Average Land & Ranch Sites Sale Price
% Change in Average Sales Price from Year to Date 2018
Average Days on Market
27
$1,623,800
-16.4%
671
the lower end likely drove ASP up 16%.
NUMBER OF UNITS SOLD
ACTIVE LISTINGS
*vacant land <35 acres
YEAR TO DATE 2018
YEAR TO DATE 2017
YEAR TO DATE 2019
YEAR TO DATE 2018
*vacant land <35 acres
YEAR TO DATE 2019 70 65 51
47
28 21 7 2
1
TETON VILLAGE
9
10
WEST OF SNAKE RIVER
NORTH OF TOWN
20
8 4
4
TOWN OF JACKSON
SOUTH OF TOWN
3
2
25
23
6
4 TETON VILLAGE
8
4 WEST OF SNAKE RIVER
NORTH OF TOWN
TOWN OF JACKSON
9
SOUTH OF TOWN
25
MAIN OFFICE 185 WEST BROADWAY
HOTEL TERRA 3335 WEST VILLAGE DRIVE
VILLAGE MARKET 3200 MCCOLLISTER DRIVE
TETON PINES RESORT 3415 NORTH PINES WAY
EAST BROADWAY 110 EAST BROADWAY
SNAKE RIVER LODGE & SPA 7710 GRANITE LOOP ROAD
WILSON 1230 NORTH IDA LANE
TETON VALLEY, IDAHO ONE SOUTH MAIN STREET
FOUR SEASONS RESORT 7680 GRANITE LOOP ROAD
TETON MOUNTAIN LODGE 3385 WEST CODY LANE
JACKSON HOLE RACQUET CLUB 3535 NORTH MOOSE-WILSON ROAD
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.