JACKSON HOLE MARKET REPORT

Size: px

Start display at page:

Download "JACKSON HOLE MARKET REPORT"

Dwight Short
5 years ago
Views:

1 T JACKSON HOLE MARKET REPORT

2 INTRODUCTION T JACKSON HOLE T2: May - August 2016 Prugh Real Estate completed 29 transaction sides during T2 (May August 2016) with almost $26M in revenue. Notable properties included: 150 W HANSEN DUPLEX - Designed by Jamie Farmer and built by New West Builders. 85 EAST SNOW KING - 2 UC zoned lots purchased to build a future commercial building. MOULTON LOOP Acre parcel close to the airport SECOND STREET - Home across from Wilson School. DAISY BUSH HOMESITE - With views of the Tetons. THREE AR ZONED LOTS - In downtown Jackson allowing 3 rental properties per site STILSON RANCH ROAD - A single family, four-bedroom home with views of Glory Bowl. Today, more than ever, it is important to price your property correctly: only one property in the MLS closed in the second four months of the year for over $5M. This was the Heart Six Ranch on 83 acres in Moran, Wyoming. This property was originally on the market for $15.5M and stayed on the market for 2,329 days eventually dropping to $9.9M before selling for an undisclosed price. 02 T2 Jackson Hole Market Report PRUGH REAL ESTATE LLC 1110 MAPLE WAY JACKSON HOLE, WY 83001

MARKET HIGHLIGHTS T2 2016 JACKSON HOLE TOTAL NUMBER OF 227 TRANSACTIONS IN T2 CURRENT LISTINGS UNDER $1M 197 CLOSED: 113 AVERAGE LISTED PRICE: $557,189 AVERAGE DAYS ON THE MARKET: 209 214 CURRENT

3 MARKET HIGHLIGHTS T JACKSON HOLE TOTAL NUMBER OF 227 TRANSACTIONS IN T2 CURRENT LISTINGS UNDER $1M 197 CLOSED: 113 AVERAGE LISTED PRICE: $557,189 AVERAGE DAYS ON THE MARKET: CURRENT LISTINGS BETWEEN $1-5M CLOSED: 83 AVERAGE LISTED PRICE: $1,884,411 AVERAGE DAYS ON THE MARKET: CURRENT LISTINGS OVER $5M CLOSED: 1 AVERAGE SOLD PRICE: UNDISCLOSED AVERAGE DAYS ON THE MARKET: 2,329 TOTAL LISTING SOLD VOLUME $241,669,902 BIGGEST SALE: PRICE UNDISCLOSED BUFFALO VALLEY ROAD, MORAN, WY LISTED FOR $15.5M, DROPPED TO $9.9M. SMALLEST SALE: $220,000 2 BEDROOM/1 BATH CONDO 1177 MEADOWLARK 127, JACKSON, WY Disclosure: We searched all MLS information from May 1, August 31, 2016, including Residential, Commercial, Farm & Ranch, Homesite, and Multi-family. Per the county records, approximately 30% of the transactions are not reported, especially in the $3M+ range. PRUGH.COM T2 Jackson Hole Market Report 03

SOLITUDE teton VILLAGE KELLY SHOOTING STAR BAR-B-BAR JOHN DODGE north WEST

HECK-OF-A-HILL WILSON TETON PINES H-H-R south WEST BANK INDIAN SPRINGS RANCH

CREEK RANCH AMANGANI town OF JACKSON INDIAN TRAILS TEAL TRACE CRESCENT H

JACKSON RAFTER J MELODY RANCH GAME CREEK HOG ISLAND RED TOP HOBACK JUNCTION

4 SOLITUDE teton VILLAGE KELLY SHOOTING STAR BAR-B-BAR JOHN DODGE north WEST BANK north OF JACKSON JACKSON HOLE GOLF & TENNIS THE ASPENS BAR BC HECK-OF-A-HILL WILSON TETON PINES H-H-R south WEST BANK INDIAN SPRINGS RANCH TUCKER RANCH GROS VENTRE NORTH GROS VENTRE WEST/BAR Y west OF JACKSON SPRING CREEK RANCH AMANGANI town OF JACKSON INDIAN TRAILS TEAL TRACE CRESCENT H RANCH ELY SPRINGS DAIRY COTTONWOOD PARK 3 CREEK RANCH RIVERMEADOWS south OF JACKSON RAFTER J MELODY RANCH GAME CREEK HOG ISLAND RED TOP HOBACK JUNCTION 04 T2 Jackson Hole Market Report PRUGH REAL ESTATE LLC 1110 MAPLE WAY JACKSON HOLE, WY 83001

FEATURED PROPERTY 955 WILLOW DR This first-floor living contemporary home in Jackson Hole Golf and Tennis offers almost 3,300 sqft of living space, vaulted ceilings and floor to ceiling windows with

MLS #: 16-2848 PRICE: $1,595,000 SLEEPER DEAL 2465 N FISH CREEK RD Nestled in the pine and aspen forest above the Lazy Moose Ranch and overlooking the Fish Creek area below, this south facing, sunny

5 FEATURED PROPERTY 955 WILLOW DR This first-floor living contemporary home in Jackson Hole Golf and Tennis offers almost 3,300 sqft of living space, vaulted ceilings and floor to ceiling windows with views of the Teton Range. The first floor has a master bedroom with private covered hot tub and deck, with an open kitchen/dining room. MLS #: PRICE: $1,595,000 SLEEPER DEAL 2465 N FISH CREEK RD Nestled in the pine and aspen forest above the Lazy Moose Ranch and overlooking the Fish Creek area below, this south facing, sunny 3,000 sqft home is quiet and private, but also near Teton Village, Wilson, and the Snake River. Meticulously upgraded, the home offers four bedrooms, a loft, roofdeck above the garage, hydronic heat throughout, gas fireplace, and vaulted ceilings in the main living room. MLS #: PRICE: $2,850,000 PRUGH.COM T2 Jackson Hole Market Report 05

WHAT TO WATCH: LIVE/WORK: FARMHOUSE Farmhouse is a new 15-unit live/work development located on Flat Creek, across from Whole Grocer, and adjacent to the bike path.

parking. Live/work spaces allow owners to work on the first floor and live on the second floor.

6 WHAT TO WATCH: LIVE/WORK: FARMHOUSE Farmhouse is a new 15-unit live/work development located on Flat Creek, across from Whole Grocer, and adjacent to the bike path. Two model units are completed with wood floors, marble tile, gas fireplaces, stainless steel stoves, custom cabinets, quartz countertops, high ceilings, cove heat, ADA bathrooms, covered decks and parking. Live/work spaces allow owners to work on the first floor and live on the second floor. Typical uses are offices with few employees, creative agencies, art or photography studios, and startups. 13 remaining units range in size from sqft. Prices vary depending on location--units may be purchased as a cold shell or may be finished by developer. Plat Pending. RESIDENTIAL MLS#: OFFICE SPACE MLS#: PRICE: $789,500 RESIDENTIAL MLS#: OFFICE SPACE MLS#: PRICE: $659, T2 Jackson Hole Market Report PRUGH REAL ESTATE LLC 1110 MAPLE WAY JACKSON HOLE, WY 83001

CURRENT LISTINGS: 12390 E HOBACK VISTAS DRIVE 11375 HOBACK

775 E WILD RYE DRIVE 1200 HWY-89 6 ACRES ADJACENT TO NATIONAL

TWO-STORY HOME IN EAST JACKSON MLS 16-2548, 4 BED/4 BATH,

MINUTES SOUTH OF DOWNTOWN JACKSON HOLE MLS 16-2224, 3 BED/ 3

PARK MLS 15-1240, 5 BED/3 BATH, 2,576 SF, $825,000 15-UNIT

7 CURRENT LISTINGS: E HOBACK VISTAS DRIVE HOBACK JCT SOUTH ROAD 60 MACLEOD DRIVE BUFFALO RUN ROAD, MORAN 775 E WILD RYE DRIVE 1200 HWY-89 6 ACRES ADJACENT TO NATIONAL FOREST MLS , 4 BED/5 BATH, 5,821 SF, $2,200,000 TWO-STORY HOME IN EAST JACKSON MLS , 4 BED/4 BATH, 2,737 SF, $1,149,000 JACKSON HOLE GOLF & TENNIS HOMESITE MLS , 1.01 ACRES, $745, T2 Jackson Hole Market Report 10 MINUTES SOUTH OF DOWNTOWN JACKSON HOLE MLS , 3 BED/ 3 BATH, 2,780 SF, $1,200,000 GATEWAY TO YELLOWSTONE NATIONAL PARK MLS , 5 BED/3 BATH, 2,576 SF, $825, UNIT LIVE/WORK DEVELOPMENT ON FLAT CREEK MLS , 1 BED/2 BATH, 1,258 SF, $659,900 PRUGH REAL ESTATE LLC 1110 MAPLE WAY JACKSON HOLE, WY 83001

701 RODEO DRIVE KARNS HILLSIDE LOT WITH EXPANSIVE VIEWS

460 ACRES, $600,000 453 GREYS RIVER LOOP, ALPINE

BATH, 2,000 SF, $429,900 385 BROADWAY IN THE GILL

MLS 15-3035, 4 BED/1 BATH, 2,794 SF, $1,895,000 2705 W

SPRING CREEK RANCH MLS 15-2086, 1 ACRE, $1,300,000

8 701 RODEO DRIVE KARNS HILLSIDE LOT WITH EXPANSIVE VIEWS MLS , ACRES, $600, GREYS RIVER LOOP, ALPINE CHEERFUL MOUNTAIN MODERN HOME MLS , 3 BED/ 2 BATH, 2,000 SF, $429, BROADWAY IN THE GILL ADDITION: EAST JACKSON HOME PLUS ADDITIONAL HOMESITE MLS , 4 BED/1 BATH, 2,794 SF, $1,895, W BULRUSH LANE OVERSIZED CABIN HOMESITE IN 3 CREEK RANCH MLS 16-47, 0.76 ACRES, $995, WOLF DRIVE HOMESITE ON TOP OF SPRING CREEK RANCH MLS , 1 ACRE, $1,300, /2838 WYLIE LANE *SUBJECT TO APPROVAL - WESTBANK HOMESITES MLS , 3.11 ACRES/ MLS , 2.52 acres PRUGH.COM T2 Jackson Hole Market Report 08

JACKSON HOLE MARKET REPORT

Q4 2015 JACKSON HOLE MARKET REPORT INTRODUCTION Q4 2015 JACKSON HOLE 2015 was a banner year for Jackson Hole real estate with reports of $1.4B sold. This could be tough to beat in 2016. We think the overall