Jackson Hole, Wyoming
S OT H E B Y ’ S I N T E R N AT I O N A L R E A LT Y
Wednesday, February 12, 2014
R E A L E S TAT E NEWS LONG AWAITED NORTH CABINS
AT SHOOTING STAR
Reinventing the definition of the perfect mountain retreat.
MARKET WATCH
A strong 4th quarter pushed 2013 sales volume well above 2012.
TOP TEN
REASONS TO LIVE IN JACKSON HOLE
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ON THE WAY UP…
Real estate market, snowfall in Jackson Hole JACKSON HOLE MAIN OFFICE 185 West Broadway Jackson, WY 83001 888.733.9009 www.jhsir.com TETON PINES RESORT 3415 N. Pines Way Wilson, WY 83014
JACKSON HOLE RACQUET CLUB 3535 N. Moose-Wilson Road Wilson, WY 83014
SNAKE RIVER LODGE & SPA 7710 Granite Loop Road Teton Village, WY 83025
FOUR SEASONS RESORT 7680 Granite Loop Teton Village, WY 83025
With over 23 feet of snow and counting, Jackson Hole Mountain Resort is in high gear as visitors flock from all parts of the globe to experience our winter wonderland. Not only is the ski season rocketing, the real estate scene is hot with both unit volume and sales volume at their best levels in six years. According to Teton County MLS, the 13-month trend for unit sales continues to increase month over month reinforcing the stability in our market. Confidence in resort real estate is growing nationally and Jackson Hole is leading the way. Total 2013 real estate sales volume in Jackson Hole was up strong 11% and the number of transactions jumped by 30% 2013 vs. 2012. All property types experienced unit volume increases: condominium unit volume rose 39%, single family home units increased 29% and land
Both unit volume and sales volume are at their best levels in six years. Source: Teton Board of Realtors MLS
units were up 19% over 2012. Vacant lots in the Town of Jackson were especially “in demand” with a unit increase of 122%. Town of Jackson Heats Up
The town of Jackson continues to be a hot spot to watch in 2014. Improvements to town infrastructure, new shops and restaurants, a new town square ice-skating rink, a new bike path through town, and talk of a gondola at our in-town ski area, are all fueling
TETON MOUNTAIN LODGE 3385 W. Cody Lane Teton Village, WY 83025
HOTEL TERRA 3335 W. Village Drive Teton Village, WY 83025
TETON VALLEY, IDAHO One S. Main Street Driggs, ID 83422
2013 Year-to-Date sales volume finished well ahead of 2012 and nearly matched that of 2004. Source: Teton Board of Realtors MLS
the popularity of living within the city limits. Jackson Hole Mountain Resort is only a 15-minute drive from downtown, so you can still hit the slopes easily. Entry Price Category Strong
Jackson Hole real estate priced below $1.5M was highly soughtafter in 2013. Buyers scooped up 62% more dollar volume and 46% more units in this price category in 2013 vs. 2012. Real estate also sold at a faster rate in 2013 as absorption rates dropped by nearly 5 months in all price categories. The increased sales activity has lowered available inventory attracting new listings to the market – some of them for the first time. With Jackson Hole real estate demand likely growing in 2014, it will be important for prospective buyers to watch areas of interest in the Jackson Hole market closely. For those considering listing, now may be a perfect time for a consult with one of our real estate professionals. As the top selling brokerage we have singular insight into our local market. Find us downtown at 185 W. Broadway and at all top hotels at Jackson Hole Mountain Resort, 7-days a week. 307-733-9009 • www.jhsir.com
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