JHSIR Q4 & YTD Dec 2014 Review

Page 1

Jackson Hole MLS Areas 1 - 10

4th Quarter & Year to Date 2014 Vs. 2013


4th Quarter Ending December 31, 2014


Teton County, WY Comparison of the 4th Quarter Ending December, 2005 - 2014 (dollars in millions)

Sales Volume

Units Sold

$270.0

180 Sales Volume

Units Sold

$240.0 150 $210.0 $180.0

120

$150.0 90 $120.0 $90.0

60

$60.0 30 $30.0 $0.0

0 2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

ďƒ˜ Average sales prices fell 14% as sales volume declined 25% and unit volumes dipped 12%.

Source: TBOR MLS


Teton County Sales by Area 4th Quarter Ending December 2014 Vs. 2013 2014 Higher/(Lower) Than 2013 Amount Percent

4th Quarter 2014 Sales Volume ($000) Teton Village West of Snake River North of Town Town of Jackson South of Town Total Teton County Unit Sales Teton Village West of Snake River North of Town Town of Jackson South of Town Total Teton County

2013

$

17,969.4 32,042.3 39,305.0 25,681.7 54,143.5

$

21,722.5 63,944.5 92,412.5 29,694.9 17,393.2

$

(3,753.1) (31,902.3) (53,107.5) (4,013.1) 36,750.3

-17.3% -49.9% -57.5% -13.5% 211.3%

$

169,141.9

$

225,167.6

$

(56,025.7)

-24.9%

14 21 21 38 34

15 32 26 48 26

(1) (11) (5) (10) 8

-6.7% -34.4% -19.2% -20.8% 30.8%

128

147

(19)

-12.9%

 South of Town reported the only increases quarter over quarter which included 4 properties selling in excess of $3 million vs. none last year.  2013 Sales No. of Town were driven by six properties selling over $5 million vs. two during Q4-2014.

Source: Source:TBOR TBORMLS MLS


Teton County Average Sales Price and Days on Market 4th Quarter Ending December 2014 Vs. 2013 2014 Higher/(Lower) Than 2013 Amount Percent

4th Quarter 2014 Average Sales Price Teton Village West of Snake River North of Town Town of Jackson South of Town Total Teton County Days on Market Teton Village West of Snake River North of Town Town of Jackson South of Town Total Teton County

2013

$

1,283.5 1,525.8 1,871.7 675.8 1,592.5

$

1,448.2 1,998.3 3,554.3 618.6 669.0

$

(164.6) (472.4) (1,682.7) 57.2 923.5

-11.4% -23.6% -47.3% 9.2% 138.0%

$

1,321.4

$

1,531.8

$

(210.3)

-13.7%

519 428 278 108 399

609 344 404 191 249

(90) 84 (126) (83) 150

-14.7% 24.3% -31.2% -43.6% 60.3%

310

315

(4)

-1.4%

 Average prices reflect not only fewer sales above $3.0 million but a lower ASP (-10%) for properties selling between $850k and $1.5 million.  Days on market improved in all areas except West of the Snake and South of Town which included properties on the market more than five years.

Source: Source:TBOR TBORMLS MLS


Teton County Sales by Property Type 4th Quarter Ending December 2014 Vs. 2013 2014 Higher/(Lower) Than 2013 Amount Percent

4th Quarter 2014 Sales Volume ($000) Residential Condo Single Family Total Residential Land / Farm & Ranch Commercial & Other Total Teton County

2013

$

25,418.1 81,941.3 107,359.4 59,352.5 2,430.0

$

33,611.5 127,527.1 161,138.6 56,225.0 7,804.0

$

(8,193.4) (45,585.8) (53,779.2) 3,127.5 (5,374.0)

-24.4% -35.7% -33.4% 5.6% -68.9%

$

169,141.9

$

225,167.6

$

(56,025.7)

-24.9%

Unit Sales Residential Condo Single Family Total Residential Land / Farm & Ranch Commercial & Other

41 53 94 32 2

59 62 121 20 6

(18) (9) (27) 12 (4)

-30.5% -14.5% -22.3% 60.0% -66.7%

Total Teton County

128

147

(19)

-12.9%

ďƒ˜ Decline in single family home sales West of the Snake (down 57%) North of Town (down 66%) fueled the 36% decline in sales volume. Source: Source:TBOR TBORMLS MLS


Teton County Average Sales Price and Days on Market 4th Quarter Ending December 2014 Vs. 2013 2014 Higher/(Lower) Than 2013 Amount Percent

4th Quarter 2014 Average Sales Price Residential Condo Single Family Total Residential Land / Farm & Ranch Commercial & Other Teton County Avg.

2013

$

620.0 1,546.1 1,142.1 1,854.8 1,215.0

$

569.7 2,056.9 1,331.7 2,811.3 1,300.7

$

50.3 (510.8) (189.6) (956.5) (85.7)

8.8% -24.8% -14.2% -34.0% -6.6%

$

1,321.4

$

1,531.8

$

(210.3)

-13.7%

Days on Market Residential Condo Single Family Average Residential

241 234 237

296 281 288

(54) (47) (51)

-18.3% -16.8% -17.7%

Land / Farm & Ranch Commercial & Other

526 558

574 159

(49) 399

-8.4% 250.6%

310

315

(4)

-1.4%

Teton County Avg.

Source: Source:TBOR TBORMLS MLS


Only the $1.5 million to $3.0 million sales category reported sales or unit volume growth in the quarter. ďƒ˜

Source: Source:TBOR TBORMLS MLS


ďƒ˜ Condo sales in nearly all price categories were flat to down during the quarter.


 Single family units selling between $850k and $3.0 million experienced 52% increase in sales volume as units sold grew by 41%. – Town of Jackson & South of Town.  Over $3 million, unit volumes fell 62% and sales volume declined 70%. Source: Source:TBOR TBORMLS MLS


Year End 2014 Vs. 2013


Teton County, WY

Cumulative Totals - Twelve Months Ended December 2005 through 2014 $900,000,000

$800,000,000

$700,000,000

$600,000,000

YTD Dec 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Sales 748 664 581 282 203 261 344 430 559 498

Volume $737.7 726.1 803.7 480.1 229.2 387.8 392.1 596.2 658.2 608.2

2007 2005 2006 2013

2014 2012

2005 2006 2007 2008

$500,000,000

2008

2009 2010 2011

$400,000,000

2011

2012

2010

2013 2014

$300,000,000 2009 $200,000,000

$100,000,000

$0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

ďƒ˜ Year to Date, sales volume declined 8% vs. 2013 on a less that robust 4th quarter.

Source: Teton County Multiple Listing Service


Teton County, WY Comparison of the Year to Date December, 2005 - 2014

Sales Volume

Units Sold

(dollars in millions)

$900.0

Sales Volume

800 Units Sold

$800.0

700

$700.0

600

$600.0 500 $500.0 400 $400.0 300 $300.0 200

$200.0

100

$100.0 $0.0

0 2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

ďƒ˜ Despite slowing unit and sales volume in 2014, we have seen five straight years of growth.

Source: TBOR MLS


Teton County, WY Units Sold & Sales Volume January, 2014 through January, 2015

Sales Volume

Units Sold

(dollars in thousands)

70 Sales Volume

Units Sold

$120,000

Unit Volume Trend

60

61 $101,958.1

$100,000

60

53

50 $87,122.0 42

41

$80,000

41 41

33

$60,000 28

$40,000

30 $51,219.9

$57,179.3 $52,254.4

$46,983.1 $36,586.7

$33,538.5 $26,561.5

40

36

30

32 24

$44,163.9 $32,814.4

$37,856.0

20

$26,420.2

$20,000

10

$0

0

ďƒ˜ The 13 month trend of unit sales is slightly positive thanks to a strong third quarter.

Source: TBOR MLS


Teton County Sales by Area Year to Date - December 2014 Vs. 2013 2014 Higher/(Lower) Than 2013 Amount Percent

Year to Date 2014 Sales Volume ($000) Teton Village West of Snake River North of Town Town of Jackson South of Town Total Teton County Unit Sales Teton Village West of Snake River North of Town Town of Jackson South of Town Total Teton County

2013

$

76,911.8 184,051.9 91,799.8 126,094.0 129,380.2

$

96,764.6 155,624.0 192,212.7 121,008.5 92,618.9

$

(19,852.7) 28,427.9 (100,412.9) 5,085.4 36,761.3

-20.5% 18.3% -52.2% 4.2% 39.7%

$

608,237.6

$

658,228.7

$

(49,991.0)

-7.6%

60 113 63 163 99

65 94 78 209 113

(5) 19 (15) (46) (14)

-7.7% 20.2% -19.2% -22.0% -12.4%

498

559

(61)

-10.9%

 Teton Village included the sale of a $19 million home in 2013.  West of the Snake reflects a renewed interest in sales of vacant land as units rose 44% and sales volume increased 114%  North of Town included 3 sales over $5 million vs. 8 last year. Source: Source:TBOR TBORMLS MLS


Teton County Average Sales Price and Days on Market Year to Date - December 2014 Vs. 2013 2014 Higher/(Lower) Than 2013 Amount Percent

Year to Date 2014 Average Sales Price Teton Village West of Snake River North of Town Town of Jackson South of Town Total Teton County Days on Market Teton Village West of Snake River North of Town Town of Jackson South of Town Total Teton County

2013

$

1,281.9 1,628.8 1,457.1 773.6 1,306.9

$

1,488.7 1,655.6 2,464.3 579.0 819.6

$

$

1,221.4

$

1,177.5

$

(206.8) (26.8) (1,007.1) 194.6 487.2 43.8

-13.9% -1.6% -40.9% 33.6% 59.4% 3.7%

385 291 344 188 515

467 329 417 250 299

(82) (38) (73) (62) 216

-17.6% -11.5% -17.5% -24.9% 72.4%

320

322

(2)

-0.6%

Source: Source:TBOR TBORMLS MLS


Teton County Sales by Property Type Year to Date - December 2014 Vs. 2013 2014 Higher/(Lower) Than 2013 Amount Percent

Year to Date 2014 Sales Volume ($000) Residential Condo Single Family Total Residential Land / Farm & Ranch Commercial & Other Total Teton County

2013

$

102,080.9 315,319.4 417,400.2 150,088.0 40,749.4

$

107,666.9 407,133.9 514,800.8 122,847.4 20,580.5

$

(5,586.0) (91,814.6) (97,400.5) 27,240.6 20,168.9

-5.2% -22.6% -18.9% 22.2% 98.0%

$

608,237.6

$

658,228.7

$

(49,991.0)

-7.6%

Unit Sales Residential Condo Single Family Total Residential Land / Farm & Ranch Commercial & Other

188 190 378 95 25

199 255 454 85 20

(11) (65) (76) 10 5

-5.5% -25.5% -16.7% 11.8% 25.0%

Total Teton County

498

559

(61)

-10.9%

ďƒ˜ Single Family unit sales fell 34% in the Town of Jackson and 44% North of Town while West of the Snake sales rose 8%. ďƒ˜ Land/Farm & Ranch includes a $19 million sale in the current year. Source: Source:TBOR TBORMLS MLS


Teton County Average Sales Price and Days on Market Year to Date - December 2014 Vs. 2013 2014 Higher/(Lower) Than 2013 Amount Percent

Year to Date 2014 Average Sales Price Residential Condo Single Family Total Residential Land / Farm & Ranch Commercial & Other Teton County Avg.

2013

$

543.0 1,659.6 1,104.2 1,579.9 1,630.0

$

541.0 1,596.6 1,133.9 1,445.3 1,029.0

$

1.9 63.0 (29.7) 134.6 601.0

$

1,221.4

$

1,177.5

$

43.8

0.4% 3.9% -2.6% 9.3% 58.4% 3.7%

Days on Market Residential Condo Single Family Average Residential

242 270 256

305 274 287

(63) (4) (32)

-20.6% -1.6% -11.0%

Land / Farm & Ranch Commercial & Other

512 310

476 326

36 (15)

7.6% -4.7%

320

322

(2)

-0.6%

Teton County Avg.

ďƒ˜ Single family prices rose principally West of the Snake, Town of Jackson and South of Town. ďƒ˜ Condo days on market reflects tight inventories which have declined 16% in the past year. Source: Source:TBOR TBORMLS MLS


Teton County, WY Sales Volume by Price Category Year to Date - December, 2013 & 2014 (dollars in millions)

$200.0 2013

2014 19

$180.0

$160.0

$140.0

366 Sales Vol -21% Units -19% 295

$120.0

Units Sold Sales Vol -6% Units -3% 100 98

67

Sales Vol -36% Units -37%

Sales Vol +28% Units +24%

55

$100.0

Sales Vol +33% Units +30%

12 26

20

$80.0 $60.0

$40.0

$20.0 $0.0 < $850,000

$850K to $1.5 Million

$1.5 to $3.0 Million

$3.0 to $5.0 Million

> $5.0 Million

ďƒ˜ Lower inventory (under $850k is down 20%) likely resulted in a 19% decline in unit sales. ďƒ˜ On the other hand, inventory was steady in the $1.5 to $5.0 million categories, and unit sales rose 24%. Source: Source:TBOR TBORMLS MLS


Teton County Single Family Homes Year to Date - December 2014 Vs. 2013 2014 Higher/(Lower) Than 2013 Amount Percent

Year to Date 2014 Sales Volume ($000) Teton Village West of Snake River North of Town Town of Jackson South of Town Total Teton County

$

28,267.5 113,056.8 47,528.8 43,468.6 82,997.7

$

54,465.0 117,387.5 125,059.7 45,282.1 64,939.7

$

(26,197.5) (4,330.7) (77,530.9) (1,813.5) 18,058.0

-48.1% -3.7% -62.0% -4.0% 27.8%

$

315,319.4

$

407,133.9

$

(91,814.6)

-22.6%

Unit Sales Teton Village West of Snake River North of Town Town of Jackson South of Town Total Teton County Average Sales Price Teton Village West of Snake River North of Town Town of Jackson South of Town Total Teton County

2013

6 57 24 45 58

11 53 43 68 80

(5) 4 (19) (23) (22)

-45.5% 7.5% -44.2% -33.8% -27.5%

190

255

(65)

-25.5%

(240.1) (231.4) (928.0) 300.1 619.2

-4.8% -10.4% -31.9% 45.1% 76.3%

$

4,711.3 1,983.5 1,980.4 966.0 1,431.0

$

4,951.4 2,214.9 2,908.4 665.9 811.7

$

$

1,659.6

$

1,596.6

$

63.0

3.9%

 Overall sales volume declined 23% as unit volumes fell 26%.  ToJ reported a 34% decline in units but only a 4% decline in sales volume due to 4 more units sold over $1 million one of which exceeded $4 million.  South of Town includes 6 homes selling in excess of $3 million vs. 1 last year. Source: Source:TBOR TBORMLS MLS


Teton County, WY Single Family Homes -- Sales Volume by Price Category Year to Date - December, 2013 & 2014 (dollars in millions)

$140.0 2013

2014

13

$120.0 Sales Vol -55% Units -46%

$100.0

$80.0

136

Sales Vol -46% Units -51%

Sales Vol +14% Units +18%

Units Sold 39

39

Sales Vol +6% Units +6%

60

17 16

51

$60.0

7 67

$40.0

$20.0

$0.0 < $850,000

$850K to $1.5 Million

$1.5 to $3.0 Million

$3.0 to $5.0 Million

> $5.0 Million

ďƒ˜ Under $850k unit sales fell 51% reflecting a 47% decline in inventory. ďƒ˜ On the other hand, in the $1.5 million to $3.0 million range, sold units were virtually unchanged and inventory was down 4%. Source: Source:TBOR TBORMLS MLS


Teton County, WY Single Family Homes - Sales Volume & Units Year to Date - December, 2014 & 2013 (dollars in thousands)

$140,000.0 Sales Vol -4% Units +8% ASP -10%

$120,000.0

2013

2014

43

Units Sold

53 57

Sales Vol +28% Units -28% ASP +76%

$100,000.0 Sales Vol -62% Units -44% ASP -32%

$80,000.0

$60,000.0

$40,000.0

11

Sales Vol -48% Units -46% ASP -5%

24

58 Sales Vol -4% Units -34% ASP +45%

68

80

45

6

$20,000.0

$0.0 Teton Village

West of Snake River

North of Town

Town of Jackson

South of Town

 West of the Snake River was the only area reporting increases in unit sales although volume declined slightly.  Sales volume South of Town reflects six homes selling for over $3 million vs. one last year.  Declines in all other areas resulted in lower volume and units of 30% and 34% respectively. Source: Source:TBOR TBORMLS MLS


Teton County Condos & Townhomes Year to Date - December 2014 Vs. 2013 2014 Higher/(Lower) Than 2013 Amount Percent

Year to Date 2014 Sales Volume ($000) Teton Village West of Snake River North of Town Town of Jackson South of Town Total Teton County

$

32,179.3 19,809.1 6,126.0 40,749.0 3,217.5

$

37,249.6 11,671.5 7,065.0 49,445.2 2,235.7

$

(5,070.2) 8,137.6 (939.0) (8,696.2) 981.9

-13.6% 69.7% -13.3% -17.6% 43.9%

$

102,080.9

$

107,666.9

$

(5,586.0)

-5.2%

Unit Sales Teton Village West of Snake River North of Town Town of Jackson South of Town Total Teton County Average Sales Price Teton Village West of Snake River North of Town Town of Jackson South of Town Total Teton County

2013

47 33 13 87 8

51 24 11 106 7

(4) 9 2 (19) 1

-7.8% 37.5% 18.2% -17.9% 14.3%

188

199

(11)

-5.5%

(45.7) 114.0 (171.0) 1.9 82.8

-6.3% 23.4% -26.6% 0.4% 25.9%

$

684.7 600.3 471.2 468.4 402.2

$

730.4 486.3 642.3 466.5 319.4

$

$

543.0

$

541.0

$

1.9

0.4%

ďƒ˜ West of the Snake, condo units jumped 38% and volume 70% in part reflecting the sale of three more units selling over $1 million in 2014 than in 2013. Source: Source:TBOR TBORMLS MLS


ďƒ˜ The Racquet Club/Pines reported the only increases in 2014.

Source: Source:TBOR TBORMLS MLS


Teton Village Condo & Fractional Sales Year to Date - December 2014 Vs. 2013 2014 Higher/(Lower) Than 2013 Amount Percent

Year to Date 2014 Sales Volume ($000) Teton Village Condo Fractional

$

Unit Sales Teton Village Condo Fractional Average Sales Price Teton Village Condo Fractional

2013

32,179.3 30,007.4 2,171.9

$ $

47 25 22

$

684.7 1,200.3 98.7

$

37,249.6 36,207.1 1,042.5

$

(5,070.2) (6,199.6) 1,129.4

-13.6% -17.1% 108.3%

51 37 14

(4) (12) 8

-7.8% -32.4% 57.1%

730.4 978.6 74.5

(45.7) 221.7 24.3

-6.3% 22.7% 32.6%

ďƒ˜ Fractional sales as a percent of total condo/fractional units sold in 2014 was 47% vs 27% in 2013. ďƒ˜ Fractional units jumped 57%, sales volume doubled. Source: Source:TBOR TBORMLS MLS


Teton County, Wyoming Areas 1 through 10 Year to Date - December 2014 Vs. 2013 Area # 1 2 3 4 5 6 7 8 9 10

Area # 1 2 3 4 5 6 7 8 9 10

Area Teton Village Racquet Club/Pines W.Snake N. Wilson W.Snake S. Wilson Skyline Rch/Sagebrush E. Gros Ventre Butte N of Gros Ventre Jct Town of Jackson So of Jackson to Bridge So of S.R. Bridge

Residential - Condo & Townhome Average Prices Median Prices 2014 2013 % Chng 2014 2013 % Chng $ 684.7 $ 730.4 -6% $ 370.0 $ 585.0 -37% 610.1 486.3 25% 500.0 422.5 18% 382.5 0% 382.5 0% 740.0 0% 740.0 0% 503.4 519.2 -3% 510.0 495.0 3% 85.0 890.0 -90% 85.0 660.0 -87% 390.0 -100% 390.0 -100% 468.4 466.5 0% 415.0 367.3 13% 402.2 319.4 26% 441.8 285.0 55% 0% 0%

Unit Totals 2014 2013 47 51 30 24 2 1 12 6 1 4 1 87 106 8 7 -

Area Teton Village Racquet Club/Pines W.Snake N. Wilson W.Snake S. Wilson Skyline Rch/Sagebrush E. Gros Ventre Butte N of Gros Ventre Jct Town of Jackson So of Jackson to Bridge So of S.R. Bridge

Average Prices 2014 2013 % $ 4,711.3 $ 4,951.4 2,279.1 2,140.5 1,792.7 2,062.4 2,068.8 2,698.8 2,040.6 3,287.3 5,017.9 4,212.5 1,471.4 2,077.7 966.0 665.9 1,413.8 782.8 1,461.2 927.5

Residential - Single Family Median Prices Chng 2014 2013 % Chng -5% $ 4,437.5 $ 3,258.0 36% 6% 2,050.0 1,512.5 36% -13% 1,492.5 1,650.0 -10% -23% 1,225.0 1,686.3 -27% -38% 1,800.0 1,900.0 -5% 19% 5,017.9 4,212.5 19% -29% 1,200.0 1,100.0 9% 45% 810.0 565.0 43% 81% 937.5 705.0 33% 58% 850.0 619.0 37%

Unit Totals 2014 2013 6 11 11 22 26 21 20 10 9 26 2 2 13 15 45 68 37 64 21 16

Source: Source:TBOR TBORMLS MLS


Listings


Teton County, WY Active Listings by Price Category 500

500 < $850,000

$850K - $1.5 M

$1.5 M - $3.0 M

$3.0 M - $5.0 M

> $5.0 M

450

450

400

400

350

350

300

300

< $850,000

250

250

200

200

150

150

100

> $5 million

50

100 50

$3 - $5 million 0

0

 Total listings fell 12% vs. January, 2014 as units priced:  Less than $850k declined by 19%.  Between $850k and $3 million fell 5%  Above $3 million inventory declined 10%. Source: TBOR MLS


Active Listings* & Absorption# Rate Price Category < $850 $850 - $1.5 M $1.5M - $3.0M $3.0M - $5.0M > $5.0M Total

Inventory 175 107 88 45 59 474

Absorption# Rate in Months 8 ( -2) 12 (-10) 17 ( -8) 18 ( -8) 51 ( +5) 12 ( -4)

Excludes Commercial Properties * Listing data as of 1/31/15. # Avg. number of months to sell a property at current (12 month avg.) sales pace. (Change in absorption rate (+/-) since September, 2014).


Teton County, WY #

Active MLS Listings January 2015 Vs. 2014 Areas 1 thru 10 End of Month - January 2015 2014 Active Listings Teton Village West of Snake River North of Town Town of Jackson South of Town Total Teton County #

2015 Higher/(Lower) Than 2014 Amount Percent

105 96 110 62 101

101 131 125 63 116

4 (35) (15) (1) (15)

4.0% -26.7% -12.0% -1.6% -12.9%

474

536

(62)

-11.6%

Includes: Residential, Building Sites, and Farm & Ranch.

ďƒ˜ January listings fell 21% since the last report in October.


Summary


Teton County, WY Year End -- 2014 vs. 2013 • Total units sold fell 11% vs. 2013.  Condo units declined 5%. (Fractional units rose 57%)  Single family units fell 26%.  Commercial units rose 25%.

• Sales volume declined 8%.  Condos fell 5%.  Single family home sales volume declined 23%.  Land / Farm & Ranch rose 22%.  Commercial properties nearly doubled increasing 98%.


Teton County, WY Year End -- 2014 vs. 2013 • Average sales prices 4% higher.  Condo prices unchanged.  Single family up 4%.

• Median prices saw an overall rise of 16%.  Condo prices were up 4%.  Single family jumped 33%.  Vacant land was 8% higher.


Teton County, WY Year End -- 2014 vs. 2013

• Properties selling below $1.5 million: Sales and unit volume each fell 15%.

• Properties selling over $1.5 million: Sales volume fell 2%. Unit volume increased 13%.


Teton County, WY Year End -- 2014 vs. 2013 • Condo market represented 50% of residential units sold -- up 6 percentage points vs. 2013.  The Town of Jackson, with 87 units, made up 46% of condo sales & the Racquet Club 18%.  Average prices in the Racquet Club gained 23%.  The Village reported an 8% decline in condo/fractional sales. Fractional units rose 57% while condo units fell 32%. - Condo prices rose 23% fractional prices up 33%.


Teton County, WY Year End -- 2014 vs. 2013 • Active listings declined 12%.  The Village rose slightly, up 4%  West of the Snake – declined 27%.  North of Town and South of Town fell 12%  Town of Jackson declined 2%


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