Wednesday, May 25, 2016
185 West Broadway Jackson Hole, WY (888) 733.9009
www. jhsir .com
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2016 YEAR-TO-DATE SALES AND INVENTORY UPDATE
A ten-year historical perspective
outlying high and low data points during this period the average remains consistent with by Staff Writers 111.5 units sold. Unit sales numbers are positioned The completion of the first four months approximately 11% below ten-year averages of 2016 reveal a continued growth trend reflected during this time frame. If we look in total real estate sales volume for Teton again at the number of units sold during the County, Wyoming. Within the last several same period (with, or without outlying values years this growth has been characterized by included) we see a median value of 101.5— a general stabilizing in total units sold, and a compared to 2016’s 100 units. Sales volume during this ten year corresponding increase in sales prices. During this ten year period, the first period averaged approximately $141M, with four month unit sales ranged from a low of a median of $144M. 2016 has thus far yielded 28, to the pre-correction high of 193. MLS strong sales of nearly $154M in volume. The perception of reduced inventory data for 2016 reflect 100 units sold. The historical average number of units during has been heaviest felt in the sub-$850k this time frame was 111.3 units. If control for category, with a compression of inventory of
Teton County, WY
Teton County, WY
Active Listings by Price Category
Comparison of the
Year to Date - April, 2007 - 2016
< $850,000
Units Sold
$250.0 Sales Volume
500
500
(dollars in millions)
Sales Volume
approximately 45% over the last four years. Within this segment of the market, inventory levels have returned to levels not consistently seen since 2008; levels more closely aligned with the rest of the market than in recent years. This segment has also consistently experienced the widest fluctuations in seasonally-available inventory for a given year. Other factors contributing to these market perceptions include: investor uncertainty in an election year, speculation of potential interest rate increases and stock market fluctuations. Locally, building permits issued in 2015 rose nearly 250% over 2014 as homeowners favored new construction over purchasing existing inventory.
$850K - $1.5 M
$1.5 M - $3.0 M
$3.0 M - $5.0 M
> $5.0 M
200
450
450
180
400
400
350
350
300
300
Units Sold
$200.0
160 140
$150.0
120 250
< $850,000
100 $100.0
80 60
$50.0
$0.0
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
200
200
150
150
40
100
20
50
0
250
0
> $5 million
100 50
$3 - $5 million
0
The above data has been compiled from Teton County Board of Realtors Multiple Listing Service data for residential, vacant land, and farm/ranch listings and sales within zones 1-10 through April 30, 2016 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.
RESIDENTIAL SPOTLIGHT | NEW AND NOTABLE LISTINGS FROM ACROSS THE VALLEY
Teton Views on Spring Creek
2 Bedrooms | 2 Full Baths | 1,238.5 Sq. Ft. $775,000. SIR# P2DYLV
Ely Springs Ranch Estate
3 Bedrooms | 3 Full Baths, 1 Half Bath | 4,270 Sq. Ft. | 35 Acres $10,300,000. SIR# 6DZLLV
Wilson Wyoming Country Home
West Facing in Melody Ranch
3 Bedrooms | 3 Full Baths | 3,798 Sq. Ft. | 1.12 Acres $1,195,000. SIR# TR638D
4 Bedrooms | 2 Full Baths, 1 Half Bath | 2,640 Sq. Ft. | .5 Acres $1,150,000. SIR# 63XKED
Build To Suit Jackson Hole Home
Charming log home in the Aspens
3 Bedrooms | 2 Full Baths, 1 Half Bath| 1,895 Sq. Ft. | .14 Acres $849,000. SIR# HGZG77
4 Bedrooms | 5 Full Baths | 2,009 Sq. Ft. | .65 Acres $1,495,000. SIR# MM9WKV