Wednesday, March 22, 2017
185 West Broadway Jackson Hole, WY (888) 733.9009
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REAL ESTATE
®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates LLC. An Equal Oppor tunity Company. Equal Housing Oppor tunity. Jackson Hole Sotheby’s International Realty is Independently Owned and Operated.
STRONG DEMAND DRIVES DAYS ON MARKET DOWN
2017 inventory levels continue to stabilize across market segments.
rates as buyers looking for single-family homes and condominiums are jumping at the opportunity to own a piece of Jackson Hole. Available listings have continued to by Staff Writers correct from a peak established in 2012 (See JACKSON, WY – The past several years Figure 2) with levels normalizing within the have seen a noticeable decline in active last two years. Inventory of listings priced between $850k listings on the market for properties under and $1.5M have seen only a slight decline $850k in Teton County, Wyoming. Properties within this market segment have through seasonal averages during the same seen a corresponding decline in absorption period, while listing inventory numbers in the
Days on Market
Figure 1.
Teton County, Wyoming
luxury segments of the market at $3M and above have remained essentially constant. Across the market as a whole, the average number of days-on-market is down as buyers move quickly to secure quality inventory. With the increased desire for lifestyleinspired home purchases and a continued need for workforce housing solutions within Teton County, the lower-priced market segment continues to see robust activity amidst tightening inventory levels.
YEAR-END RESORT MARKET REPORT NOW AVAILABLE by Staff Writers
2010
Figure 2.
2011
2012
2013
2014
2015
2016
Active Listings by Price Category Teton County, Wyoming
JACKSON, WY – The year-end 2016 edition of Jackson Hole Sotheby’s International Realty’s Resort Report is available now. The Resort Report provides a snapshot into annual sales data for the unique, lifestyle-driven real estate markets of twelve resort communities located within the finest ski destinations in the United States. The report is a collaboration between eleven independent Sotheby’s International Realty brokerages, and is your gateway to discovering the ski property of your dreams. Explore average sales prices, days on market, average price per square foot and numerous key market metrics. Contact an agent for a copy of the report, or for additional information on the Jackson Hole regional real estate market. JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY
RESORT REPORT 2016
The above data has been compiled from Teton County Board of Realtors Multiple Listing Service data through February 28, 2017 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.
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REAL ESTATE NEWS, Wednesday, March 22, 2017
EAST
EXPERIENCE THE BAR BC RANCH, PROUDLY SETTING A HIGHER STANDARD IN JACKSON HOLE. With few remaining riverfront and elevated Teton Range view parcels, blue-ribbon fly-fishing and Snake River access, opportunity is limited to be a part of this exceptional community.
Bar BC Ranch
Tom Evans, Associate Broker 307-739-8149 TomEvansRealEstate.com #1 Jackson Hole Sotheby’s International Realty Agent
REAL ESTATE NEWS, Wednesday, March 22, 2017
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TETON VALLEY, IDAHO ~ TWENTY-FIVE MILES FROM JACKSON HOLE
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Waterfront Home in Teton Springs Teton Springs is a private golf and fly fishing community located just outside the town of Victor, Idaho. The resort is home to world class golf, fly fishing, hiking and biking trails, a full service lodge and spa, cross country skiing and national forest service land access.
3 Bedrooms | 2 Full Baths | 2,358 Sq. Ft. | .44 Acres $699,000. #16-979.
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Beautiful Custom Home Ski Hill Road
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Miller Ranch is a small residential development made up of twenty-five roughly half acre single family lots and homes. Built in 2005, this home has a modern and warm feel with an open floor plan, large upstairs bonus room, and a private back yard.
4 Bedrooms | 3 Full Baths | 3,149 Sq. Ft. | .52 Acres $599,000. #16-2036.
Rare Ranch Estate Lot in Teton Springs
Premium Adjacent Lots Huntsman Springs
Building Site | 1.73 Acres | $225,000 | #13-1426.
Building Site | .4 Acres | $150,000 | #16-1982.
Fenced Horse Property in River Rim Ranch
Elevated and Treed View Lot in Victor
Building Site | 4.03 Acres | $115,000 | #16-2064.
Building Site | 5.34 Acres | $95,000 | #16-2874.
to learn more:
ChristianCisco.com
CHRISTIAN CISCO
ASSOCIATE BROKER
307-699-1390 | Christian.Cisco@jhsir.com
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REAL ESTATE NEWS, Wednesday, March 22, 2017
The #1 Real Estate Team in Jackson Hole in 2015 as reported by Real Trends and published in the Wall Street Journal
SNAKE RIVER SANCTUARY NORTH OF JACKSON $16,000,000 70+ Acres
Living just north of the town of Jackson is a bit like living in the middle of a national park. From these two parcels, enjoy big mountain views in every direction; look West and you’ll see the Tetons spiking into the sky; look east and you’ll take in the Gros Ventre Mountain Range. Part of an extensive wildlife corridor, this location offers glimpses of elk, moose and deer nearly every day with the stunning Teton Mountains as your backdrop. Along the Snake River corridor, the riparian wildlife includes bald eagles, blue heron and osprey. Close to Grand Teton National Park, recreational activities such as hiking, fishing, rafting and cross–country skiing are mere moments away. This legacy property provides the feeling of a private rural ranch while being located just moments from the heart of the vibrant Jackson Hole Town Square and its extraordinary mountain town amenities. MLS# 15-1417.
BRANDON STEPHANIE DAVE LIZ BABBS
WWW.SPACKMANSINJH.COM SPACKMANS@JHSIR.COM (307) 739-8156
REAL ESTATE NEWS, Wednesday, March 22, 2017
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The #1 Real Estate Team in Jackson Hole in 2015 as reported by Real Trends and published in the Wall Street Journal
CREME DE LA CREME DAIRY RANCH SOUTH OF JACKSON $5,275,000 MAIN: 4 Beds | 4.5 Baths | 4,693 SF GUEST: 2 Beds | 2 Baths | 1,047 SF 19.26 Acres Located in Dairy Ranch just a five-minute drive from the Town of Jackson, this private 19-acre property sits in a well-established elk migration route and offers beautiful ponds and meadows and extraordinary views. MLS # 15-2635
TETON PINES FRACTIONAL
FLAT CREEK VIEWS
HOME ON THE POND
2 BEDS | 2.5 BATHS | 1,764 SF $224,000 | MLS # 15-496
2 BEDS | 2 BATHS | 990 SF $550,000 | MLS # 17-421
4 BEDS | 4 BATHS | .3 ACRES | 3,972 SF $1,489,000 | MLS # 17-269
WATERFRONT SANCTUARY
LAKE CREEK RANCH
MOUNTAIN SKI HOME
Teton Pines Country Club, Wilson
4 BEDS | 4.5 BATHS | 1.21 ACRES | 4,856 SF $4,950,000 | MLS # 15-1773
Teton Pines Country Club, Wilson
Eagle Village, Jackson
Melody Ranch, South of Jackson
4 BEDS | 4.5 BATHS | 3.99 ACRES | 7,125 SF $8,975,000 | MLS # 16-2296
West Bank of the Snake River, Wilson
BRANDON STEPHANIE DAVE LIZ BABBS
5 BEDS | 5.5 BATHS | .87 ACRES | 7,616 SF $10,250,000 | MLS # 16-1978
Jackson Hole Mountain Resort, Teton Village
WWW.SPACKMANSINJH.COM SPACKMANS@JHSIR.COM (307) 739-8156
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REAL ESTATE NEWS, Wednesday, March 22, 2017
Ed Liebzeit ASSOCIATE BROKER
Gill Addition Gem #YT3Q38 • $7,500,000
(307) 413-1618 ED.LIEBZEIT@JHSIR.COM EDINJACKSON.COM
• Nicest Home in Town • Open Views of the Tetons and the Gros Ventre • 9,376 Square Feet • 5 Bedrooms and 7 Bathrooms • 2.5 Town Lots Adjacent to National Elk Refuge • Guest/Caretaker Apartment
“
GOOD ” NEIGHBOR AWARD RECIPIENT
Creekside Elegance
Breathtaking Natural Setting
#GPR68T • Price Upon Request • Exceptional Teton Views on 40 Acres • Mountain Contemporary Design • 11,500 Square Feet • 4 Bedrooms and 4.5 Bathrooms
#N2S9X5 • $5,950,000
• 3/4 Mile of Trout Filled Spring Creeks • Private Golf Plus Wildlife Paradise • Great Snow Shoeing and Cross Country Skiing
• Ideal Westbank Location • Mountain Modern Design • 6,740 Square Feet • 4 Bedrooms and 4.5 Bathrooms
185 W. Broadway
• Guest/Caretaker Apartment • Stream and Pond on 3.55 acres • Snake River Access
Jackson Hole, WY
TETON VALLEY
SELECT OFFERINGS:
BREATHTAKING MOUNTAIN LODGE $1,280,888. #WHHWM7
CUSTOM HOME IN ALTA $1,195,000. #557XXP
TETON VALLEY, IDAHO ONE SOUTH MAIN STREET DRIGGS, IDAHO 83422
888.354.8880
LARGE CABIN IN TETON SPRINGS $1,000,000. #FWQYH5
REAL ESTATE NEWS, Wednesday, March 22, 2017
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Exceptional View Property One of the premiere elevated view properties in Jackson Hole located at the top of the Ridge at Spring Creek Ranch. Bordered by open space on two sides, this site offers 360 degree un-paralleled views with a sense of privacy. Owners enjoy the many amenities of Spring Creek Ranch including a swimming pool, tennis courts, spa and fitness center. 6.12 Acres | $3,500,000. | #17-143
Top Producers 2014, 2015 & 2016
www.propertiesjacksonhole.com 307.739.8190
Ranked Among the Top 10 Real Estate Teams in Wyoming for 2016. CHRIS GRANT (307) 413-3814
Chris.Grant@jhsir.com
ETHAN VALENSTEIN (307) 413-1132
BROOKE WALLES (307) 690-4257
Ethan.Valenstein@jhsir.com
Brooke.Walles@jhsir.com
EXPERTISE - HARD WORK INTEGRITY - TEAM APPROACH
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NEW CONSTRUCTION ON THE WESTBANK 4 Bedrooms | 4.5 Baths | 4,229 Sq. Ft. | 1.18 Acres $4,795,000. #ZXWJ5H.
TETON CLUB
3 Bedrooms | 3 Full Baths | 1,800 Sq. Ft. $65,000. #16-1472.
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GILL ADDITION
4 Bedrooms | 3 Baths | 3,204 Sq. Ft. | .17 Acres $2,175,000. #16-2661.
ELEVATED HOMESITE IN TOWN Building Site | .39 Acres $515,000. #16-2908
PRIVACY & VIEWS IN FAIRWAY ESTATES
6 Bedrooms | 5.5 Full Baths | 6,793 Sq. Ft. | 4.27 Acres $5,500,000. #16-1513.
FOUR SEASONS RESIDENCE CLUB OPPORTUNITIES •2-1/7th 2 Bedroom Interests $400,000.00 •1/7th 2 Bedroom Interest $205,000.00 •1/14th 3 Bedroom Interest $158,000.00
EVERY DETAIL WAS PERFECTED
Featured Listing: #77RD7V
JACKSON HOLE, WYOMING
307-733-9009 | JHSIR.COM
185 W. Broadway, Jackson, WY 83001 Each OfямБce is Independently Owned and Operated.