N EW S Wednesday, December 23, 2015 185 West Broadway Jackson Hole, WY (888) 733.9009
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LUXURY PROPERTIES DRIVE NEAR-RECORD SALES
2015 Sales Volumes Approach Record 2007 Levels
by Staff Writers
JACKSON, WY – The sale of several large properties throughout the course of the year have helped to push total annual sales volume for Jackson Hole Sotheby’s International Realty to within five percent of its record high of $759,296,199 set in 2007. Current sales figures for the year-to-date ending November 30 reflect a 27% increase over sales volumes for 2014. Leading the way in vacant land sales was the sale of two adjoining parcels north of Jackson early in the year. The lots in the Bar BC East Development, bordering lands
protected by Grand Teton National Park and the BLM, were listed for $9M and $9.5M. Also north of Jackson, the largest residential sale of the year for the brokerage was the “Linger Longer River Ranch” in the Bar B Bar Ranch. The 72-acre property comprises of a 7,600 sq. ft. main home, a 4,624 sq. ft. “bunkhouse,” and a 2,070 sq. ft. “recreation home” on two adjacent ranch lots. Additional features of the property include Snake River frontage, enhanced creeks and ponds, and direct views of the Cathedral Group of the Tetons. The listing was offered at $22M. The final quarter of the year saw the highly-anticipated closing of a ten-acre tract of commercially-zoned land held by the U.S. Forest Service. The land, which had been under contract several times
JACKSON HOLE MOUNTAIN RESORT AGAIN NAMED #1 SKI RESORT IN NORTH AMERICA
Forbes Magazine bestows top honors to Jackson Hole Mountain Resort for 2016
Regardless of the tongue-in-cheek algorithm name , Jackson Hole garnered a score of 99—based on data compiled by ZRankings. Forbes author Christopher Steiner highlights “the terrain at Jackson by Staff Writers Hole to be the best in North America... its TETON VILLAGE, WY – Saturday, lifts are the best, the snow is excellent and December 19th marked the official celebration its dining and all around game continues to of the 50th Anniversary of the Jackson Hole rise....” Mountain Resort amidst a season already Also noted in the rankings was the full of celebration. This years’s addition of expanded air service in and out of Jackson the highly anticipated Teton Lift and on- Hole Airport (JAC). The airport is offering slope dining at Piste Mountain Bistro have non-stop outbound flights to thirteen cities undoubtedly helped to elevate the resort in throughout the country, making it easier the annual rankings by Forbes Magazine, than before to access the legendary skiing of who describe it as a “perennial favorite of the Jackson Hole. [Pure Awesomeness Factor] algorithm.”
JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY MICRO MARKET REPORT
Land Residential - Condo/Townhouse Residential - Fractional Units Residential - Single Family
# Units 9 35 20 7
Teton Village Sales Volume Avg Sales Price Median Price $ / S.F $ / Acre $23,700,000 $2,633,333 $2,650,000 NA $2,022,184 $54,062,020 $1,544,629 $1,175,000 $858 NA $2,014,880 $100,744 $80,000 $53 NA $36,250,000 $5,178,571 $4,300,000 $1,088 NA
The above data has been compiled from Teton County Board of Realtors Multiple Listing Service data through November 30, 2015 and supplemented with additional brokerage data. Although the foregoing data has been compiled from sources deemed to be reliable, JHSIR does not guarantee its authenticity. It is intended for informational purposes only, is subject to prior sale, omission, error, revision and cancellation without notice, and should be independently verified with the source of such information.
FOUR SEASONS RESORT | SNAKE RIVER LODGE & SPA | TETON PINES | HOTEL TERRA TETON MOUNTAIN LODGE | JACKSON HOLE RACQUET CLUB | VILLAGE MARKET JACKSON, WY | DRIGGS, ID
previously and was being offered for $12M, had been rezoned to allow dense residential development amidst a desire to address workforce housing within Teton County. Proceeds from the land sale, bordering the National Elk Refuge, will allow the BridgerTeton National Forest to renovate their existing offices and facilities on an adjacent lot. Jackson Hole Sotheby’s International Realty agents brought both the buyers and sellers in each of these transactions.
CATALOGUE OF FINE PROPERTIES AVAILABLE NOW by Staff Writers
JACKSON, WY – The Winter 2016 edition of Jackson Hole Sotheby’s International Realty’s Catalogue of Fine Properties is currently available in all nine offices throughout the region and through selected partners. New for Winter 2016 are the addition of Micro-Market Reports, designed to provide at-a-glance statistics on specific sub-markets throughout the Jackson Hole Region. The reports offer data on unit sales, volume, average and median pricing, as well as pricing per square foot or acre during the last year. Contact your Jackson Hole Sotheby’s International Realty agent for additional analysis and information. For a comprehensive inventory of listings, detailed property information, additional photos and more visit jhsir.com or speak to an agent at 307.733.9009.