Q2 2015 - Luxury Report of Jackson Hole

F I R S T 6 M O N T H S - 2 0 1 5

T h e N e V i l l e G r o u pLuxury Report of Jackson HoleA P R E S E N TAT I O N O F T H E R E A L E S TAT E M A R K E T

J A C K S O N H O L E , W YO M I N G

270 West Pearl AveSuite 101Jackson, WY 83001

307.734.9949 (o)307.690.3209 (c)

[email protected]

WWW.THENEVILLEGROUP.COM

Most data in the following graphs is pulled from the local MLS to more specifically show the most accurate recorded data available to make the information more applicable to the market in your neighborhood. We do include information on sales outside of the MLS

when verifiable, and use total numbers sold, % of sales closed in MLS etc.

307.734.9949 • 307.690.3209

www.thenevillegroup.com

270 West Pearl Ave, Jackson, WY 83001

Christie’s International Real Estate

GLOBAL AFFILIATE OF THE YEAR 2014 | 2011

Dear Friends & Clients,

Another wonderful Jackson Hole summer is well under way. We hope you take advantage of the incredible opportunities available to us all this year!

Enclosed is the first six months of 2015 compared to 2014, statistical presentation of the real estate market in Jackson Hole.

You will find segmented data on seven sub-markets within Teton County and the entire market combined. The sub-markets are: Teton Village, North of Wilson, South of Wilson, Central Valley, Northern Valley, Town of Jackson and South of Jackson.

There is no surprise that inventory is not keeping up with demand in most market segments. Overall, Teton County experienced sales growth of 21% and pending sales at this point of the year have increased almost 20%. New inventory that has come on the market, (which was not previously listed in the first six months of Q1 & Q2), increased by 7% over 2014, yet total inventory in Teton County Wyoming is down almost 12%.

Sales prices in the first six months of 2015 ranged from $225,000 to $10,250,000 and total dollar volume by mid-year 2015 increased by 47%.

Please contact us to discuss how this information can assist you in your current, or future planning, of your real estate interests here in Jackson Hole.

Sincerely,

David A. NeVille Shawn M. Asbell Associate Broker Sales Associate

SINGLE FAMILY HOMES2014 Q1 &

Q22015 Q1 &

Q2% 2014 TOTALS 2015 Highlights

Active 5 3 -40% 5 Low Sale Curtis Dr - $2,325,000

Pending 1 1 0.00% Med Sale Timbers - $2,900,000

Units Sold 3 3 0.00% 5 High Sale Shooting Star - $10,250,000

Average Sold Price $7,466,667 $5,158,333 -30.92% $5,840,000 2014 Top Sale

Median Sold Price $4,554,000 $2,900,000 -36.32% $4,554,000Ellen Creek - $11,500,000*

New Listings 10 3 -70.00% 4

MULTI FAMILY HOMES2014 Q1 &

Q22015 Q1 &


Active 42 31 -26.19% 43 Low Sale Snake River Lodge - $252,000

Pending 3 2 -33.33% Med Sale Hotel Terra - $1,275,000

Units Sold 14 24 71.43% 26 High Sale Four Seasons - $3,950,000

Average Sold Price $1,069,500 $1,733,125 62.05% $1,631,533 2014 Top Sale

Median Sold Price $710,500 $1,380,000 94.23% $788,000Four Seasons - $4,450,000

New Listings 26 24 -7.69% 52

BUILDING SITES2014 Q1 &

Q22015 Q1 &


Active 18 10 -44.44% 12 Low Sale Shooting Star - $2,500,000

Pending 0 1 100.0% Med Sale Shooting Star - $2,850,000



Median Sold Price $2,950,000 $2,850,000 -3.39% $2,850,000Shooting Star - $3,495,000

New Listings 5 10 100.0% 7

** Sales price was “UNDISCLOSED” 92% of list price was used.

* The statistics used in this report are from the Teton Multi Listing Service (MLS), The NeVille Group database, and JHREA’s internal database.

* All statistics are supplied by sources that have been deemed reliable but are not guaranteed.

t e t o n v i l l a g e

thenevillegroup.com307.734.9949

Success at Shooting Star & Four Seasons in first 6 months of 2015S I N G L E FA M I LY H I G H S A L E - S H O O T I N G S TA R - $ 1 0 , 2 5 0 , 0 0 0

B U I L D I N G S I T E H I G H S A L E - S H O O T I N G S TA R - $ 3 , 2 0 0 , 0 0 0

t e t o n v i l l a g e


M U LT I FA M I LY H I G H S A L E - F O U R S E A S O N S - $ 3 , 9 5 0 , 0 0 0

Residential Inventory Down 20%6 0 % I N C R E A S E I N S I N G L E FA M I LY S A L E S


Q22015 Q1 &


Active 47 39 -17.02% 33 Low Sale Wilson Home - $675,000

Pending 3 4 33.33% Med Sale Fish Creek - $1,700,000

Units Sold 10 16 60.00% 36 High Sale John Dodge Home - $9,500,000


Median Sold Price $1,772,500 $1,825,000 2.96% $1,850,000John Dodge Home - $5,290,000*

New Listings 33 31 -6.06% 53


Q22015 Q1 &


Active 13 9 -30.77% 10 Low Sale Hollyhock Condo - $337,000

Pending 2 2 0.00% Med Sale Juniper Condo - $419,000

Units Sold 15 14 -6.67% 33 High Sale Garden Home - $1,075,000

Average Sold Price $573,807 $518,339 -9.67% $725,316 2014 Top Sale

Median Sold Price $415,000 $425,750 2.59% $500,000 Teton Pines Garden Home - $1,450,000

New Listings 19 14 -26.32% 34


Q22015 Q1 &


Active 10 11 10.00% 10 Low Sale H-H-R Ranches - $1,075,000

Pending 3 3 0.00% Med Sale Teton Pines Lot - $1,150,000*

Units Sold 8 3 -62.50% 12 High Sale Stilson Ranch - $1,175,000


Median Sold Price $900,000 $1,150,000 27.78% $1,002,500 Lake Creek Ranch - $4,485,000




n o r t h o f w i l s o nEXCLUDING TETON VILLAGE

s o u t h o f w i l s o n


Single Family Home Inventory Down 28%H O M E S I T E I N V E N T O R Y D O W N 2 0 %


Q22015 Q1 &


Active 28 20 -28.57% 17 Low Sale Red Top - $575,000

Pending 2 1 -50.0% Med Sale Wenzel Lane - $925,000

Units Sold 7 7 0.00% 20 High Sale Crescent H Tract 1 - $9,154,000*


Median Sold Price $1,070,000 $970,000 -9.35% $1,221,000Coburn Creek Rd - $10,125,000

New Listings 18 13 -27.78% 26


Q22015 Q1 &


Active 1 0 -100% 0 Low Sale n/a

Pending 0 0 0.00% Med Sale n/a

Units Sold 0 0 0.00% 1 High Sale n/a

Average Sold Price 0 0 0.00% $0 2014 Top Sale

Median Sold Price 0 0 0.00% $0n/a



Q22015 Q1 &


Active 21 17 -19.05% 21 Low Sale Hidden Hills - $437,000

Pending 1 1 0% Med Sale Crescent H - $950,000

Units Sold 5 4 -20.0% 12 High Sale Crescent H Tract 5 - $5,000,000

Average Sold Price $981,200 $1,784,250 81.84% $1,410,500 2014 Top Sale

Median Sold Price $250,000 $850,000 240.0% $322,500Osprey Ranch - $3,850,000

New Listings 12 4 -66.67% 19



n o r t h o f w i l s o nEXCLUDING TETON VILLAGE

s o u t h o f w i l s o n


CHRISTIE’S ART & ARCHITECTURE

CHRISTIE’S INTERNATIONALREAL ESTATE

CHRISTIE’S EDUCATION

CHRISTIE’S TRAVEL

Established in London more than 240 years ago by James Christie, the

auction house today is a renowned international organization that conducts

some of the most important auctions in the world. The Christie’s brand

exudes quality and prestige, while honoring the traditional values established

throughout its illustrious history. An inventive lead-generation system

between Christie’s and Christie’s International Real Estate creates a mutually

beneficial synergy between art and real estate, building a world-class

platform for the highly targeted marketing of distinguished properties.

CHRISTIES.COM

Christie’s Education is unique in being wholly owned by Christie’s Auction

House, signaling the importance Christie’s places on practical experience

of art through education as the key to professional success. As the only

major auction house to directly offer degree and non-degree programmes,

Christie’s Education continue to follow the principles of hands-on exposure

to art, immersing our students in the art world from the beginning of their

studies.

CHRISTIES.EDU

Supported by the esteemed art auction house, Christie’s International Real

Estate is a global network offering exclusive home and luxury real estate

services to buyers and sellers worldwide. The Christie’s brand is instantly

recognizable to clients and distinguishes your property from others. We

focus exclusively on luxury residential real estate and understand how to

reach and serve discerning clientele. Along with this expertise, we offer you

the tailored, trusted service that our clients have depended on for 250 years,

collaboration with our auction house colleagues, and referrals from our

network of the world’s top brokers.

CHRISTIESREALESTATE.COM

Christie’s Travel in association with Abercrombie & Kent, is dedicated to

connecting clients with the most important milestone events, masterpiece

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comprise the multi-national world of Art today. This unique travel program

is made possible through the powerful combination of Christie’s 250 years’

experience in the art market, and offices in 32 countries with leading experts

in over 60 Art departments.

CHRISTIES.COM/TRAVEL


is an invitation-only affiliate

network comprised of the world’s

most proven and qualified real

estate specialists in the luxury

residential sector, and is the only

international luxury real estate

network wholly-owned by an

international art auction house.

By cultivating a unique balance

of worldwide scope and highly

personalized service, Christie’s

International Real Estate has

become a global authority on the

effective marketing of distinctive

properties. A finely tuned suite of

programs, and a commitment to

the business philosophy established

by Christie’s in 1766, defines a

brand based on trust, integrity,

discretion, and excellence.

The Affiliate Network spans the

globe with 139 brokerages in 46

countries, operating out of 1,350

offices with more than 32,000

associate brokers.

Each affiliated brokerage is

required to meet a set of scrupulous

standards before being invited

to join the Network. To qualify,

brokerages must demonstrate an

established track record in the

marketing and sale of distinctive

properties, as well as a sterling

reputation for excellence in

customer service.

US $95 Billion

1,350

57 Million

32,000

US $70 Billion

760

11 Million

16,500





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Sotheby’s International

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Central Valley Sales Increased 21% with Inventory Reduction


Q22015 Q1 &


Active 24 27 12.50% 16 Low Sale Bar Y Home - $975,000

Pending 1 1 0.00% Med Sale Saddle Butte - $1,250,000

Units Sold 4 8 100% 11 High Sale Indian Springs - $6,256,000*


Median Sold Price $1,447,500 $2,425,000 67.53% $1,835,400Indian Springs Ranch - $6,600,000



Q22015 Q1 &


Active 10 8 -20% 26 Low Sale Teton Shadows Condo - $465,000

Pending 1 2 100% Med Sale Teton Shadows Condo - $528,500

Units Sold 6 4 -33.33% 12 High Sale Spring Creek Ranch - $1,633,000*

Average Sold Price $533,500 $825,125 54.66% $504,916 2014 Top Sale

Median Sold Price $528,500 $530,250 0.33% $510,000Iron Rock - $625,000



Q22015 Q1 &


Active 48 48 0% 27 Low Sale Gros Ventre West - $485,000

Pending 1 1 0% Med Sale Mountain Laurel - $1,500,000

Units Sold 3 9 200.0% 14 High Sale Bar BC - $8,740,000*


Median Sold Price $1,426,000 $1,500,000 5.19% $1,265,000 Ranch 3 Bar BC - $9,154,000*

New Listings 20 23 15.00% 34



c e n t r a l va l l e ySNAKE RIVER TO THE ELK REFUGE & HWY 22 NORTH TO SAGEBRUSH

n o r t h e r n va l l e ySAGEBRUSH TO MORAN & SNAKE RIVER TO KELLY


Northern Valley is Selling Strong2 3 % I N C R E A S E I N N U M B E R O F S I N G L E FA M I LY H O M E S S O L D


Q22015 Q1 &


Active 27 35 29.63% 9 Low Sale Kelly Home - $650,000

Pending 0 1 0.00% Med Sale Centennial Home - $1,550,000

Units Sold 3 10 233.33% 13 High Sale Owl Creek Home - $10,028,000*


Median Sold Price $1,525,000 $1,375,000 -9.84% $1,200,000 Teton Cascades - $4,600,000

New Listings 21 27 28.57% 36


Q22015 Q1 &


Active 10 8 -20% 26 Low Sale Teton Shadows Condo - $465,000

Pending 1 2 100% Med Sale Teton Shadows Condo - $528,500

Units Sold 6 4 -33.33% 12 High Sale Spring Creek Ranch - $1,633,000*


Median Sold Price $528,500 $530,250 0.33% $510,000Iron Rock - $625,000



Q22015 Q1 &


There are rarely any Multi Family units sold in this area.


Q22015 Q1 &


Active 32 35 9.38% 19 Low Sale Kelly Lot - $325,000

Pending 2 2 0% Med Sale Moulton Loop - $565,000

Units Sold 2 4 100.0% 12 High Sale Bar-B-Bar - $1,125,000

Average Sold Price $549,500 $727,500 32.39% $1,141,583 2014 Top Sale

Median Sold Price $535,540 $694,200 29.63% $725,000 Solitude - $4,600,000

New Listings 19 28 47.37% 29



c e n t r a l va l l e ySNAKE RIVER TO THE ELK REFUGE & HWY 22 NORTH TO SAGEBRUSH

n o r t h e r n va l l e ySAGEBRUSH TO MORAN & SNAKE RIVER TO KELLY


Building Sites in Town Down 45%NO NEW BUILDING S ITE INVENTORY EXPECTED


Q22015 Q1 &


Active 21 25 19.05% 21 Low Sale Meadowlark Ln - $549,000

Pending 6 8 33.33% Med Sale Deloney St - $775,000

Units Sold 14 23 64.29% 45 High Sale Upper Cache Cr - $1,600,000


Median Sold Price $732,500 $775,000 5.80% $808,680 Saddle Butte - $4,300,000

New Listings 31 39 25.81% 66


Q22015 Q1 &


Active 32 28 -12.50% 18 Low Sale Hansen Meadows - $225,000

Pending 14 16 14.29% Med Sale E Broadway Condo - $416,500

Units Sold 41 40 -2.44% 54 High Sale Loveridge 2710 - $990,000

Average Sold Price $545,965 $421,300 -22.83% $616,245 2014 Top Sale

Median Sold Price $418,000 $461,250 10.35% $415,000810 W - $900,000

New Listings 27 32 18.52% 102


Q22015 Q1 &


Active 20 11 -45% 10 Low Sale Rodeo Dr - $387,000

Pending 1 1 0.00% Med Sale Cache Creek Dr - $425,000

Units Sold 3 5 66.67% 8 High Sale Corner of King/Gill - $2,600,000


Median Sold Price $375,000 $462,500 23.33% $403,500 Saddle Butte - $740,000

New Listings 14 4 -71.43% 19



t o w n o f j a c k s o n s o u t h o f j a c k s o n


Average Sold Price on Multi Family Homes I N C R E A S E D 2 9 %


Q22015 Q1 &


Active 54 48 -11.11% 32 Low Sale Hoback Jct Home - $482,500

Pending 1 4 300% Med Sale S Park Ranch Rd - $945,000

Units Sold 21 27 28.57% 59 High Sale Dairy Ln Home - $7,250,000


Median Sold Price $937,500 $935,000 -0.27% $874,500Bryan Flat - $7,820,000*

New Listings 50 57 14.00% 75


Q22015 Q1 &


Active 0 5 0.00% 34 Low Sale NE Forty RJ - $429,000

Pending 1 0 -100% Med Sale SE Forty RJ - $450,000

Units Sold 3 4 33.33% 7 High Sale Cedarwoods RJ - $500,000


Median Sold Price $396,000 $450,000 13.64% $396,000Walden Pond - $565,000

New Listings 1 4 300% 7


Q22015 Q1 &


Active 20 11 -45% 10 Low Sale Rodeo Dr - $387,000

Pending 1 1 0.00% Med Sale Cache Creek Dr - $425,000

Units Sold 3 5 66.67% 8 High Sale Corner of King/Gill - $2,600,000


Median Sold Price $375,000 $462,500 23.33% $403,500 Saddle Butte - $740,000

New Listings 14 4 -71.43% 19


Q22015 Q1 &


Active 69 50 -27.54% 59 Low Sale Rogers Pt Lot - $242,500

Pending 4 5 25.00% Med Sale Melody Ranch - $320,000

Units Sold 17 11 -35.29% 32 High Sale S Park Commercial - $1,050,000

Average Sold Price $955,382 $487,341 -48.99% $1,018,817 2014 Top Sale

Median Sold Price $256,680 $370,000 44.15% $347,500Boyles Hill Rd - $9,154,000**

New Listings 28 22 -21.43% 43



t o w n o f j a c k s o n s o u t h o f j a c k s o n


Jackson Hole, Wyoming is a vibrant, mountain community - home to the stunning Grand Teton Mountain range,

Grand Teton & Yellowstone National Parks, and the Bridger Teton National Forest. Designated as one of the most

fit and philanthropic regions in the nation, Jackson Hole residents enjoy healthy lifestyles and are deeply engaged in

their community. Wyoming is the most “tax-friendly” state in the United States - providing Jackson Hole with an

incredible community of people, food, the arts, outdoors and wildlife, making Teton County one of the most sought-

after lifestyle locations in the world.

ALL PROPERTIES2014 Q1 &

Q22015 Q1 &

Q2% 2014 TOTALS

Active 522 460 -11.88% 390

Pending 46 55 19.57%

Units Sold 182 222 21.98% 455

Average Sold Price $1,094,881 $1,473,578 34.59% $1,192,359

Median Sold Price $677,500 $828,750 22.32% $765,000

New Listings 384 413 7.55% 652

all of teton county

why jackson hole?

83% SOLD properties reported through MLS Q1 and Q2 2014

72% SOLD properties reported through MLS Q1 and Q2 2015


Inventory Decreased 12% & Sales Increased 22%


Q22015 Q1 &


Active 206 197 -4.37% 146 Low Sale Hoback Jct Home - $482,500

Pending 14 20 42.86% Med Sale JH Golf & Tennis Cabin - $1,250,000



Median Sold Price $1,110,000 $1,175,000 5.86% $1,125,000Ellen Creek - $11,500,000*

New Listings 168 191 13.69% 281


Q22015 Q1 &


Active 98 81 -17.35% 77 Low Sale Hansen Meadows - $225,000

Pending 20 22 10.00% Med Sale Aspens “Alders” - $535,000

Units Sold 79 86 8.86% 170 High Sale Granite Ridge - $3,950,000


Median Sold Price $487,500 $529,250 8.56% $462,000Four Seasons - $4,450,000

New Listings 110 122 10.91% 206


Q22015 Q1 &


Active 218 182 -16.51% 167 Low Sale Rogers Pt - $242,500

Pending 12 13 8.33% Med Sale Snake River Sporting Club - $800,000

Units Sold 41 41 0.00% 96 High Sale Bar BC Ranch 22 - $8,740,000


Median Sold Price $395,000 $823,400 108.46% $777,500Ranch 3 Bar BC - $9,154,000*

New Listings 106 100 -5.66% 165

all of teton county

** Sales price was “UNDISCLOSED” 92% of list price was used.



73

24

67

12

9 10

64

7 3

$0 - $2M

$0 - $1M

$0 - $1M

$2M - $5M

$1M - $2M $2M+

$8M+$5M-$8M

$2M-$5M $5M+

SINGLE FAMILY HOMESSOLD QUARTER 1 & 2

BUILDING SITESSOLD QUARTER 1 & 2

MULTI FAMILY HOMESSOLD QUARTER 1 & 2

7

$1M - $2M


TOTAL NUMBER OF TRAN SACTIONS IN TETON COUNTY ’S F IRST

6 MONTHS OF 2015 IS 308 VS . THE 222 RECORDED IN MLS

The NeVille Group – Named Top Producing Sales Team of Jackson Hole Real Estate Associates, and Exclusive Affiliate

of Christie’s International Real Estate, The NeVille Group is compromised of successful, dedicated and experienced

professionals, backed by years of luxury sales success, global connections, and the largest real estate brokerage in the

region. The NeVille Group understands the Jackson Hole market, is globally connected, and locally respected.

Jackson Hole Real Estate Associates - The region’s largest and most progressing real estate brokerage in Jackson Hole

and the area. The collection of properties, and expertise is unsurpassed and we represent some of the most unique and

sought-after real estate in the world.

Christie’s International Real Estate - A global network of top brokerages dedicated to the marketing and sale of luxury

residential properties. Our access covers a worldwide audience of more than 1,350 real estate offices in 46 countries and

transactions resulting in over $125 billion in sales annually.

DAVID A. NEVILLEAssociate Broker(307) 690-3209 (307) 734-9963

[email protected]

SHAWN M. ASBELLSales Associate (307) 413-6231

(307) [email protected]

270 West Pearl Ave, Suite 101Jackson, WY 83001

WWW.THENEVILLEGROUP.COM

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Q2 2015 - Luxury Report of Jackson Hole

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