q1 2016 luxury report of jackson hole

Q 1 2 0 1 6S T A T I S T I C A L P R E S E N T A T I O N o f t h e

J a c k s o n H o l e R e a l E s t a t e M a r k e t

Luxury Report of Jackson Hole

Vol 16.1

W H Y T H E N E V I L L E G R O U P R E A L E S TAT E T E A M ?

• TO P P R O D U C I N G S A L E S T E A M

• J A C K S O N H O L E L U X U RY E X P E RT S

• 3 0 Y E A R S E X P E R I E N C E

• N E G OT I AT I O N E X P E RT I S E

• C O N F I D E N T I A L I T Y

• P R O F E S S I O N A L R E L AT I O N S H I P S , P E R S O N A L TO U C H

• C H R I S T I E ’ S I N T E R N AT I O N A L R E A L E S TAT E -

• “ G L O B A L A F F I L I AT E O F T H E Y E A R - 2 0 1 1 & 2 0 1 4 ”

Dear Friends & Clients,

Enclosed is the Q1 2016 vs Q1 2015 statistical presentation of the real estate market in Teton County.

Youwillfindsegmenteddataonsevensub-marketswithinTetonCountyandtheentiremarketcombined. Thesub-marketsare:TetonVillage,NorthofWilson,SouthofWilson,CentralValley,NorthernValley, TownofJacksonandSouthofJackson.

2 0 1 6 Q 1 H I G H L I G H T S I N T E T O N C O U N T Y ThenumberofoverallsalesthroughMLSinQ12016decreasedby32%- heavilyweightedbyBuildingSitessalesdown69% TheSingleFamilymarketaveragesoldpriceincreased13%;andactivelistingsareup20% MultiFamilyactiveinventoryhasincreased33% Mediansalespriceisup12%

Pleasecontactustodiscusshowthisinformationcanassistyouinyourcurrentorfutureplanningofyour real estate interests here in Jackson Hole. Sincerely,

THENEVILLEGROUPTEAM

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.

DavidA.NeVilleAssociateBroker

ShawnM.AsbellSalesAssociate

SamanthaK.MarquisMarketingDirector

SINGLE FAMILY HOMES 2015 Q1 2016 Q1 % 2015 YR END 2016 HIGHLIGHTS

Active 6 9 50% 6 Low Sale Curtis Dr - $2,065,400

Pending 2 0 -100% 8 Med Sale n/a

Units Sold 2 2 0% 7 High Sale Granite Ridge - $4,295,000

Average Sold Price $6,575,000 $3,585,000 -45.48% $5,335,286 2015 TOP SALE

Median Sold Price $6,575,000 $3,950,000 -39.92% $4,300,000Shooting Star - $10,025,000

New Listings 1 4 300% 10

MULTI FAMILY HOMES 2015 Q1 2016 Q1 % 2015 YR END 2016 HIGHLIGHTS

Active 60 49 -18.33% 37 Low Sale TML - $650,000

Pending 20 11 -45% 34 Med Sale Crystal Springs - $1,400,000

Units Sold 15 9 -40% 36 High Sale Shooting Star - $3,750,000


Median Sold Price $1,275,000 $1,400,000 9.8% $1,275,000Shooting Star - $5,060,000

New Listings 17 14 -17.65% 92

BUILDING SITES 2015 Q1 2016 Q1 % 2015 YR END 2016 HIGHLIGHTS

Active 19 9 -52.63% 9 Low Sale Morley Dr - $1,450,000


Units Sold 1 2 100% 9 High Sale Granite Ridge - $3,000,000


Median Sold Price $3,200,000 $2,330,000 -27.19% $2,650,000Shooting Star - $3,082,000

New Listings 7 0 -100% 15

* Sales price was “UNDISCLOSED” 92% of list price was used.* Information herein is deemed reliable but not guaranteed. Data is relative to the whole market and may not reflect every sale.

T E T O N V I L L A G E

tngjh.com307.734.9949

(Realtor Multi-Listing Service Statistics)

M U L T I F A M I L Y I N V E N T O R Y I N T E T O N V I L L A G E

D E C R E A S E D 1 8 % I N Q 1 2 0 1 6 V S Q 1 2 0 1 5

T E T O N V I L L A G E

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H I G H E S T Q 1 2 0 1 6

T E T O N V I L L A G E S A L E W A S

A G R A N I T E R I D G E

S I N G L E F A M I L Y H O M E -

$ 4 , 2 9 5 , 0 0 0

B U I L D I N G S I T E I N V E N T O R Y

I N T E T O N V I L L A G E

D E C R E A S E D

B Y 5 2 %

A V E R A G E S O L D P R I C E D O W N

- 3 5 . 4 % S I N G L E F A M I L Y , - 3 5 . 9 2 % M U L T I F A M I L Y

A N D - 8 2 . 5 6 % B U I L D I N G S I T E S


Active 37 39 5.41% 30 Low Sale Nethercott Ln - $782,500

Pending 12 9 -25% 42 Med Sale West St. Wilson - $1,350,000

Units Sold 5 6 20% 42 High Sale Teton Pines - $3,850,000


Median Sold Price $1,775,000 $1,355,000 -23.66% $2,075,000John Dodge - $9,500,000



Active 15 38 153.33% 10 Low Sale Aspens Hollyhock - $352,500

Pending 8 13 62.5% 28 Med Sale Aspens Berrypatch - $385,000

Units Sold 6 6 0% 27 High Sale Aspens - $620,000

Average Sold Price $738,025 $472,917 -35.92% $686,302 2015 TOP SALE

Median Sold Price $405,750 $450,000 10.91% $585,000Teton Pines Garden Home - $1,283,000



Active 11 13 18.18% 12 Low Sale Leeper Ln - $360,000

Pending 2 3 50% 16 Med Sale n/a

Units Sold 2 2 0% 8 High Sale Teton Pines Cluster Lot - $425,000

Average Sold Price $2,250,000 $392,500 -82.56% $978,750 2015 TOP SALE

Median Sold Price $1,125,000 $392,500 -65.11% $1,150,000Stilson Ranch - $1,232,500



N O R T H O F W I L S O NE XC LU D I N G T E TO N V I L L AG E

S O U T H O F W I L S O N

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Active 17 20 17.65% 15 Low Sale Indian Paintbrush - $910,000

Pending 5 3 -40% 19 Med Sale Rivermeadows - $1,475,000

Units Sold 4 4 0% 17 High Sale Crescent H - $7,268,000*

Average Sold Price $1,446,750 $2,818,250 94.80% $2,506,529 2015 TOP SALE

Median Sold Price $1,128,500 $1,547,500 37.13% $1,400,000Teal Trace - $10,580,000*



Active 0 0 0% 0 Low Sale n/a


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

Average Sold Price $0 $0 $0 $0 2015 TOP SALE

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



Active 24 13 -45.83% 12 Low Sale n/a


Units Sold 3 0 -100% 9 High Sale n/a

Average Sold Price $2,233,333 $0 -100% $1,160,778 2015 TOP SALE

Median Sold Price $950,000 $0 -100% $750,000Crescent H - $5,000,000

New Listings 3 1 -66.67% 7

N O R T H O F W I L S O NE XC LU D I N G T E TO N V I L L AG E

S O U T H O F W I L S O N

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“ A C T I V E ” S I N G L E F A M I L Y H O M E S U P 1 7 . 6 5 %

B U I L D I N G S I T E I N V E N T O R Y D O W N 4 6 %

EstablishedinLondonmorethan240yearsagobyJamesChristie,theauctionhousetodayisarenownedinternationalorganizationthatconducts some of the most important auctions in the world. The Christie’s brandexudesqualityandprestige,whilehonoringthetraditionalvaluesestablishedthroughoutitsillustrioushistory.Aninventivelead-generationsystembetweenChristie’sandChristie’sInternationalRealEstatecreatesamutuallybeneficialsynergybetweenartandrealestate,buildingaworld-classplatformforthehighlytargetedmarketingofdistinguishedproperties.

CHRISTIES.COM

Christie’sEducationisuniqueinbeingwhollyownedbyChristie’sAuctionHouse,signalingtheimportanceChristie’splacesonpracticalexperienceofartthrougheducationasthekeytoprofessionalsuccess.Astheonlymajorauctionhousetodirectlyofferdegreeandnon-degreeprogrammes,Christie’sEducationcontinuetofollowtheprinciplesofhands-onexposuretoart,immersingourstudentsintheartworldfromthebeginningoftheirstudies.

CHRISTIES.EDU

Supportedbytheesteemedartauctionhouse,Christie’sInternationalRealEstateisaglobalnetworkofferingexclusivehomeandluxuryrealestateservicestobuyersandsellersworldwide.TheChristie’sbrandisinstantlyrecognizabletoclientsanddistinguishesyourpropertyfromothers.Wefocusexclusivelyonluxuryresidentialrealestateandunderstandhowtoreachandservediscerningclientele.Alongwiththisexpertise,weofferyou the tailored, trusted service that our clients have depended on for 250 years,collaborationwithourauctionhousecolleagues,andreferralsfromournetworkoftheworld’stopbrokers.

CHRISTIESREALESTATE.COM

Christie’sTravelinassociationwithAbercrombie&Kent,isdedicatedtoconnectingclientswiththemostimportantmilestoneevents,masterpieceworks and collections, as well as undiscovered artists and trends that comprisethemulti-nationalworldofArttoday.ThisuniquetravelprogramismadepossiblethroughthepowerfulcombinationofChristie’s250years’experienceintheartmarket,andofficesin32countrieswithleadingexpertsinover60Artdepartments.

CHRISTIES.COM/TRAVEL

CHRISTIE’S ART & ARCHITECTURE

CHRISTIE’S EDUCATION

CHRISTIE’S INTERNATIONALREAL ESTATE

CHRISTIE’S TRAVEL

Christie’s International Real Estate 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.

The Affiliate Network spans the globe with 138 brokerages in 47 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.

tngjh.com307.734.9949

US $95 Billion

US $70 Billion

Christie’s Interna-tional Real Estate

SALE

S V

OLU

ME

Sotheby’s International

Realty

US $113 Billion

32,000

16,500


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F A

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Realty

1,350

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PERC

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Realty

57%

11 Million


AN

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57 Million

With a long history as the global authority on the representation of the world’s finest estates and condominiums, the expertise of the esteemed brokerages representing Christie’s International Real Estate is unmatched across the worldwide luxury residential landscape.

LEADING THE WORLD OF LUXURY


Active 19 27 42.11% 22 Low Sale Spring Creek - $6,670,000*

Pending 3 2 -33.33% 16 Med Sale n/a

Units Sold 2 2 0% 18 High Sale Indian Springs - $10,250,000


Median Sold Price $3,087,500 $8,460,000 174.01% $2,650,000Indian Springs - $6,256,000*



Active 8 6 -25% 6 Low Sale n/a


Units Sold 1 1 0% 9 High Sale Spring Creek Ranch - $659,000


Median Sold Price $1,633,000 $659,000 -59.64% $729,500Spring Creek - $1,633,000*





Units Sold 7 1 -85.71% 20 High Sale JHG&T - $505,000

Average Sold Price $3,428,000 $505,000 -85.27% $2,194,550 2015 TOP SALE

Median Sold Price $1,750,000 $505,000 -71.14% $1,032,500Bar BC Ranch - $8,740,000*


C E N T R A L V A L L E YS N A K E R I V E R TO T H E E L K R E F U G E & H W Y 22 N O R T H TO S AG E B R U S H

N O R T H E R N V A L L E YS AG E B R U S H TO M O R A N & S N A K E R I V E R TO K E L LY

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4 2 % I N C R E A S E I N S I N G L E F A M I L Y I N V E N T O R Y

M U L T I F A M I L Y I N V E N T O R Y D O W N 2 5 %


Active 26 20 -23.08% 16 Low Sale Pacific Creek - $1,050,000

Pending 4 3 -25% 25 Med Sale Teton Wilderness - $1,280,000

Units Sold 5 3 -40% 24 High Sale Kelly - $6,854,000*


Median Sold Price $1,175,000 $1,280,000 8.94% $1,370,500Bar B Bar - $20,240,000*

New Listings 6 4 -33.33% 37


Active 8 6 -25% 6 Low Sale n/a


Units Sold 1 1 0% 9 High Sale Spring Creek Ranch - $659,000


Median Sold Price $1,633,000 $659,000 -59.64% $729,500Spring Creek - $1,633,000*



There are rarely any multi-family units sold in this area




Units Sold 2 1 -50% 9 High Sale Trap Club Rd - $875,000

Average Sold Price $1,010,000 $875,000 -13.37% $1,475,378 2015 TOP SALE

Median Sold Price $974,200 $875,000 -10.18% $1,125,000Bar B Bar - $6,000,000


C E N T R A L V A L L E YS N A K E R I V E R TO T H E E L K R E F U G E & H W Y 22 N O R T H TO S AG E B R U S H

N O R T H E R N V A L L E YS AG E B R U S H TO M O R A N & S N A K E R I V E R TO K E L LY

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2 3 % D E C R E A S E I N S I N G L E F A M I L Y I N V E N T O R Y

1 0 0 % I N C R E A S E I N N U M B E R O F A C T I V E B U I L D I N G S I T E S


Active 33 36 9.09% 29 Low Sale Cottonwood - $620,000

Pending 9 9 0% 52 Med Sale Cottonwood - $719,000

Units Sold 6 9 50% 52 High Sale Indian Trails - $1,978,000*

Average Sold Price $843,333 $1,002,253 18.84% $1,048,587 2015 TOP SALE

Median Sold Price $761,000 $719,000 -5.52% $845,000Gill Addition - $4,600,000*



Active 48 62 29.17% 29 Low Sale Ponderosa - $264,000

Pending 20 15 -25% 90 Med Sale Creekside - $480,000

Units Sold 13 12 -7.69% 92 High Sale 810 West - $1,127,000

Average Sold Price $446,452 $597,442 33.82% $568,422 2015 TOP SALE

Median Sold Price $462,500 $485,750 5.03% $463,750Pine Glades - $1,650,000



Active 11 15 36.36% 12 Low Sale Snow King Ave - $1,400,000

Pending 3 4 33.33% 8 Med Sale n/a

Units Sold 4 2 -50% 8 High Sale Karns Ave - $1,518,000


Median Sold Price $487,500 $1,459,000 199.28% $525,000Forest Service Parcel - $11,040,000*


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

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S I N G L E F A M I L Y H O M E I N V E N T O R Y I N C R E A S E D 9 %

S I N G L E F A M I L Y S A L E S I N C R E A S E D 5 0 %


Active 49 42 -14.29% 33 Low Sale Melody Ranch - $1,150,000


Units Sold 5 2 -60% 52 High Sale N Meadow Rd - $1,458,200*


Median Sold Price $893,710 $1,304,100 45.92% $813,2503 Creek Ranch - $13,708,000*

New Listings 19 9 -52.63% 115





Average Sold Price $429,000 $0 n/a $480,868 2015 TOP SALE

Median Sold Price $429,000 $0 n/a $490,840Rafter J - $710,000



Active 11 15 36.36% 12 Low Sale Snow King Ave - $1,400,000

Pending 3 4 33.33% 8 Med Sale n/a

Units Sold 4 2 -50% 8 High Sale Karns Ave - $1,518,000


Median Sold Price $487,500 $1,459,000 199.28% $525,000Forest Service Parcel - $11,040,000*




Pending 9 2 -77.78% 28 Med Sale n/a


Average Sold Price $502,736 $0 n/a $1,682,887 2015 TOP SALE

Median Sold Price $370,000 $0 n/a $831,600Ely Springs - $10,580,000*

New Listings 12 2 -83.33% 36

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

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S T R O N G E S T Q 1 2 0 1 6 S O U T H O F T O W N S A L E W A S A

S I N G L E F A M I L Y H O M E E S T I M A T E D A T $ 1 , 4 5 8 , 0 0 0

S I N G L E F A M I L Y I N V E N T O R Y D E C R E A S E D 1 4 %

JacksonHole,Wyomingisavibrant,mountaincommunity-hometothestunningGrandTetonMountainrange,GrandTeton&YellowstoneNationalParks,andtheBridgerTetonNationalForest.Designatedasoneofthemostfitandphilanthropicregionsinthenation,JacksonHoleresidentsenjoyhealthylifestylesandaredeeplyengagedintheircommunity.Wyomingisthemost“tax-friendly”stateintheUnitedStates-providingJacksonHolewithanincrediblecommunityofpeople,food,thearts,outdoorsandwildlife,makingTetonCountyoneofthemostsought-afterlifestylelocationsintheworld.

ALL PROPERTIES MLS 2015 Q1 2016 Q1 % 2015 YR END

Active 324 359 10.8% 372

Pending 129 87 -32.56% 27

Units Sold 94 64 -31.91% 477

Average Sold Price $1,560,699 $1,579,258 1.19% $1,169,212

Median Sold Price $830,000 $927,500 11.75% $735,000

New Listings 142 129 -9.15% 930

ALL OF TE TON COUNT Y

WHY JACKSON HOLE?

80%SOLDpropertiesreportedthroughMLSQ1201579%SOLDpropertiesreportedthroughMLSQ12016

tngjh.com307.734.9949



Active 114 137 20.18% 144 Low Sale Cottonwood - $620,000

Pending 47 32 -31.91% 11 Med Sale Moran - $1,280,000

Units Sold 32 28 -12.50% 212 High Sale Indian Springs - $10,250,000


Median Sold Price $1,231,000 $1,355,000 10.07% $1,262,500Bar B Bar - $20,240,000*

New Listings 54 44 -18.52% 345


Active 66 88 33.33% 84 Low Sale Ponderosa - $264,400

Pending 53 41 -22.64% 10 Med Sale Aspens | Balsam - $585,000

Units Sold 36 28 -22.22% 175 High Sale Shooting Star - $3,750,000

Average Sold Price $867,182 $894,270 3.12% $824,262 2015 TOP SALE

Median Sold Price $605,000 $602,500 -0.41% $533,500Shooting Star - $5,060,000*

New Listings 57 69 21.05% 248


Active 144 134 -6.94% 144 Low Sale Leeper Lane - $360,000

Pending 29 14 -51.72% 6 Med Sale Trap Club Rd - $875,000

Units Sold 26 8 -69.23% 90 High Sale Granite Ridge - $3,000,000


Median Sold Price $816,700 $1,137,500 39.28% $981,000Forest Service - $11,040,000*

New Listings 31 16 -48.39% 337

ALL OF TE TON COUNT Y

21

4

22

3

4

1

$0 - $2M

$0 - $1M

$0 - $1M

$2M - $5M

$1M - $2M $2M+

$8M+$5M-$8M

$2M-$5M

SINGLE FAMILY HOMESSOLD Q1 2016

BUILDING SITESSOLD Q1 2016

MULTI FAMILY HOMESSOLD Q1 2016

2

$1M - $2M

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2



3

T H E N U M B E R O F O V E R A L L S A L E S I N Q 1 2 0 1 6 V S Q 1 2 0 1 5 D E C R E A S E D B Y 3 2 %

A V E R A G E S A L E S P R I C E F O R T H E O V E R A L L M A R K E T I N C R E A S E D B Y 1 . 1 9 %

2



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 represents 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. Access covers a worldwide audience of more than 1,350 real estate offices in 47 countries and

transactions resulting in over $113 billion in sales annually.

270WestPearlAve,Suite101Jackson,WY83001

WWW.TNGJH.COM

David A. [email protected]

Shawn M. [email protected]

Samantha K. MarquisMarketingDirector

q1 2016 luxury report of jackson hole

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