Q3 Luxury Market Report Jackson Hole

Q U A R T E R 3 - 2 0 1 5S T A T I S T I C A L P R E S E N T A T I O N

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

Q3 Luxury Report of Jackson HoleThe NeVille Group Real Estate

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,

We hope you all are having a fantastic Fall in beautiful Jackson Hole!

Enclosedisthefirstthreequartersof2015comparedto2014,statisticalpresentationoftherealestatemarket in Jackson Hole.

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

Yeartodate,therehavebeen522transactionsintheJacksonHolemarket-a17%increasecomparedto2014. Theastonishingcategoriesarethe51%increaseinnumberofproperties“undercontract”andsingle-family homesmakingthelargestjumpwitha164%increaseonpendinghomesales.

Thesingle-familyhomesectorsawsoldpricesrangefrom$482,500toaBarBBarRanchhomewithalistprice of$22M(salespricewasundisclosedandestimatedat$20,240,000).Theaveragesoldpriceinthemulti-family sectorgrewby38%andbuildingsiteaveragesoldpricejumped43%comparedtoQ32014.

Pleasecontactustodiscusshowthisinformationcanassistyouinyourcurrentorfutureplanning,ofyour 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 2014 Q1- Q3 2015 Q1- Q3 % 2014 TOTALS 2015 Highlights

Active 4 5 25% 5 Low Sale Curtis Dr - $2,325,000

Pending 4 7 75% Med Sale Timbers - $2,900,000

Units Sold 5 5 0% 5 High Sale Shooting Star - $10,250,000

Average Sold Price $5,444,800 $5,597,400 2.8% $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 3 8 166.67% 4

MULTI FAMILY HOMES 2014 Q1- Q3 2015 Q1- Q3 % 2014 TOTALS 2015 Highlights

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

Pending 22 27 22.73% Med Sale Hotel Terra - $1,275,000

Units Sold 18 29 61.11% 26 High Sale Four Seasons - $3,950,000


Median Sold Price $788,000 $1,225,000 55.46% $788,000Four Seasons - $4,450,000

New Listings 39 37 -5.13% 52

BUILDING SITES 2014 Q1- Q3 2015 Q1- Q3 % 2014 TOTALS 2015 Highlights

Active 15 9 -40% 12 Low Sale Shooting Star - $2,450,000

Pending 6 8 33.33% Med Sale Shooting Star - $2,750,000

Units Sold 4 8 100% 6 High Sale Shooting Star - $3,200,000


Median Sold Price $2,671,000 $2,700,000 1.09% $2,850,000Shooting Star - $3,495,000

New Listings 5 11 120% 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

tngjh.com307.734.9949

(Realtor Multi-Listing Service Statistics)

SINGLE FAMILY PENDING TETON VILLAGE SALES ARE UP 75%E X P E C T E D C L O S I N G S - I N C R E A S E O F O V E R 1 2 5 %

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

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M U L T I F A M I L Y A C T I V E L I S T I N G S D O W N 2 6 % W I T H S A L E S U P 6 1 %

I N V E N T O R Y N O W A T 9 M O N T H S

Multi Family inventory increased 140%, yet carries only 6 months inventoryW E S T B A N K R E S I D E N T I A L I N V E N T O R Y I S E X P E R I E N C I N G N E W L E V E L S

O F P R I C I N G A N D A L A C K O F D E S I R A B L E I N V E N T O R Y


Active 41 40 -2.44% 33 Low Sale Wilson Home - $625,000

Pending 35 37 5.71% Med Sale Fish Creek - $1,700,000

Units Sold 31 27 -12.90% 36 High Sale John Dodge Home - $9,500,000


Median Sold Price $1,800,000 $1,950,000 8.33% $1,850,000John Dodge Home - $5,290,000*

New Listings 46 58 26.09% 53


Active 5 12 140% 10 Low Sale Hollyhock Condo - $337,000

Pending 31 19 -38.71% Med Sale Aspens/Alders - $535,000

Units Sold 29 20 -31.03% 33 High Sale Teton Pines Lodge - $1,170,000

Average Sold Price $579,831 $645,088 11.25% $725,316 2014 Top Sale

Median Sold Price $440,000 $560,000 27.27% $500,000 Teton Pines Garden Home - $1,450,000



Active 10 11 10% 10 Low Sale 2nd St Wilson - $433,750

Pending 11 8 -27.27% Med Sale Teton Pines Lot - $1,150,000*

Units Sold 9 7 -22.22% 12 High Sale Stilson Ranch - $1,175,000

Average Sold Price $1,437,600 $942,500 -34.44% $1,370,714 2014 Top Sale

Median Sold Price $905,000 $1,150,000 27.07% $1,002,500 Lake Creek Ranch - $4,485,000




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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Single Family Home Average Sold Price Increased 50%B U I L D I N G S I T E I N V E N T O R Y I S D O W N 3 3 %


Active 26 28 7.69% 17 Low Sale Red Top - $575,000

Pending 18 12 -33.33% Med Sale Rivermeadows - $1,287,000

Units Sold 14 12 -14.29% 20 High Sale Teal Trace - $10,580,000*


Median Sold Price $1,140,000 $1,532,500 34.43% $1,221,000Coburn Creek Rd - $10,125,000



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

Pending 0 0 0% Med Sale n/a

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

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

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



Active 21 14 -33.33% 21 Low Sale N Fork Fall Creek - $335,000

Pending 10 9 -10% Med Sale Highland Parl Est. - $445,000

Units Sold 8 8 0% 12 High Sale Crescent H Tract 5 - $5,000,000

Average Sold Price $1,260,750 $1,203,375 -4.55% $1,410,500 2014 Top Sale

Median Sold Price $260,000 $597,500 129.81% $322,500Osprey Ranch - $3,850,000

New Listings 16 6 -62.50% 19

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

tngjh.com307.734.9949




EstablishedinLondonmorethan240yearsagobyJamesChristie,

the auction house today is a renowned international organization that

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brandexudesqualityandprestige,whilehonoringthetraditionalvalues

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mutuallybeneficialsynergybetweenartandrealestate,buildingaworld-

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CHRISTIES.COM

Christie’sEducationisuniqueinbeingwhollyownedbyChristie’sAuction

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Christie’sEducationcontinuetofollowtheprinciplesofhands-onexposure

toart,immersingourstudentsintheartworldfromthebeginningoftheir

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Supportedbytheesteemedartauctionhouse,Christie’sInternationalReal

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youthetailored,trustedservicethatourclientshavedependedonfor250

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CHRISTIESREALESTATE.COM

Christie’sTravelinassociationwithAbercrombie&Kent,isdedicatedto

connectingclientswiththemostimportantmilestoneevents,masterpiece

works and collections, as well as undiscovered artists and trends that

comprisethemulti-nationalworldofArttoday.Thisuniquetravelprogram

ismadepossiblethroughthepowerfulcombinationofChristie’s250years’

experienceintheartmarket,andofficesin32countrieswithleading

expertsinover60Artdepartments.

CHRISTIES.COM/TRAVEL

CHRISTIE’S ART & ARCHITECTURE

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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. 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 138 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.

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tngjh.com307.734.9949

Central Valley Sales Increased 50%


Active 23 22 -4.35% 16 Low Sale Skyline - $915,000

Pending 9 13 44.44% Med Sale Skyline - $1,850,000

Units Sold 8 12 50% 11 High Sale Indian Springs - $6,256,000*


Median Sold Price $1,462,500 $2,675,000 82.91% $1,835,400Indian Springs Ranch - $6,600,000

New Listings 19 29 52.63% 21


Active 7 8 14.29% 26 Low Sale Teton Shadows Condo - $465,000

Pending 9 7 -22.22% Med Sale Golf Creek - $729,500

Units Sold 10 7 -30% 12 High Sale Spring Creek Ranch - $1,633,000*


Median Sold Price $520,000 $729,500 40.29% $510,000Iron Rock - $625,000



Active 39 46 17.95% 27 Low Sale US-89 - $300,000

Pending 10 15 50% Med Sale Skyline - $810,000

Units Sold 8 16 100% 14 High Sale Bar BC - $8,740,000*


Median Sold Price $1,265,000 $875,000 -30.83% $1,265,000 Ranch 3 Bar BC - $9,154,000*

New Listings 29 34 17.24% 34

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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P E N D I N G S A L E S A L S O I N C R E A S E D T O 4 4 %




Northern Valley Sales Remain Strong in Q3 20155 6 % I N C R E A S E I N N U M B E R O F S I N G L E F A M I L Y H O M E S S O L D


Active 37 26 -29.73% 9 Low Sale Kelly Home - $650,000

Pending 9 19 111.11% Med Sale Snake River Wds - $1,175,000

Units Sold 9 14 55.56% 13 High Sale Bar B Bar- $20,240,000*


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



Active 7 8 14.29% 26 Low Sale Teton Shadows Condo - $465,000

Pending 9 7 -22.22% Med Sale Golf Creek - $729,500

Units Sold 10 7 -30% 12 High Sale Spring Creek Ranch - $1,633,000*


Median Sold Price $520,000 $729,500 40.29% $510,000Iron Rock - $625,000



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


Active 31 40 29.03% 19 Low Sale Kelly Lot - $325,000

Pending 7 8 14.29% Med Sale Bar B Bar - $823,000

Units Sold 6 8 33.33% 12 High Sale Owl Creek - $1,300,000

Average Sold Price $960,180 $909,800 -5.25% $1,141,583 2014 Top Sale

Median Sold Price $662,500 $974,200 47.05% $725,000 Solitude - $4,600,000

New Listings 28 39 39.29% 29

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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P E N D I N G S A L E S A L S O I N C R E A S E D T O 4 4 %

1 1 1 % I N C R E A S E I N P E N D I N G S A L E S

2 9 % D E C R E A S E I N I N V E N T O R Y




Top Single Family Home Sale thus far in 2015$ 1 , 8 5 0 , 0 0 0 AT S N O W K I N G E S TAT E S


Active 30 33 10% 21 Low Sale Meadowlark Ln - $549,000

Pending 9 19 111.11% Med Sale Kelly Ave - $865,000

Units Sold 33 40 21.21% 45 High Sale Snow King Estates - $1,850,000


Median Sold Price $760,000 $842,500 10.86% $808,680 Saddle Butte - $4,300,000

New Listings 58 72 24.14% 66


Active 34 46 35.29% 18 Low Sale Hansen Meadows - $225,000

Pending 80 81 1.25% Med Sale Cottonwood Flats - $462,500

Units Sold 64 67 4.69% 54 High Sale Pineglades - $1,650,000


Median Sold Price $415,000 $442,500 6.63% $415,000810 W - $900,000

New Listings 88 119 35.23% 102


Active 17 15 -11.76% 10 Low Sale Rodeo Dr - $387,000

Pending 8 5 -37.50% Med Sale Cache Creek Dr - $425,000

Units Sold 6 5 -16.67% 8 High Sale Corner of King/Gill - $2,600,000


Median Sold Price $470,000 $462,500 -1.6% $403,500 Saddle Butte - $740,000

New Listings 18 10 -44.44% 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

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N E W L I S T I N G S O N M A R K E T H A V E R I S E N I N B O T H S I N G L E & M U LT I FA M I LY S E G M E N T S




Average Sold Price on Building Sites I N C R E A S E D 8 9 %


Active 48 48 0% 32 Low Sale Hoback Jct Home - $482,500

Pending 42 43 2.38% Med Sale S Park Ranch Rd - $945,000

Units Sold 37 39 5.41% 59 High Sale Dairy Ln Home - $7,250,000

Average Sold Price $1,387,570 $1,183,542 -14.7% $1,483,769 2014 Top Sale

Median Sold Price $915,400 $850,000 -7.14% $874,500Bryan Flat - $7,820,000*

New Listings 71 79 11.27% 75


Active 2 3 50% 34 Low Sale NE Forty RJ - $429,000

Pending 6 8 33.33% Med Sale SE Forty RJ - $450,000

Units Sold 6 6 0% 7 High Sale Cedarwoods RJ - $500,000


Median Sold Price $305,250 $468,340 53.43% $396,000Walden Pond - $565,000



Active 17 15 -11.76% 10 Low Sale Rodeo Dr - $387,000

Pending 8 5 -37.50% Med Sale Cache Creek Dr - $425,000

Units Sold 6 5 -16.67% 8 High Sale Corner of King/Gill - $2,600,000


Median Sold Price $470,000 $462,500 -1.6% $403,500 Saddle Butte - $740,000

New Listings 18 10 -44.44% 19


Active 72 46 -36.11% 59 Low Sale Rogers Pt Lot - $242,500

Pending 23 25 8.7% Med Sale Valley View - $617,500

Units Sold 21 19 -9.52% 32 High Sale Ely Springs - $10,580,000*


Median Sold Price $265,000 $800,000 201.89% $347,500Boyles Hill Rd - $9,154,000*


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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D U E T O T H E E L Y S P R I N G S S A L E O F $ 1 0 , 5 8 0 , 0 0 0




JacksonHole,Wyomingisavibrant,mountaincommunity-hometothestunningGrandTetonMountainrange,

GrandTeton&YellowstoneNationalParks,andtheBridgerTetonNationalForest.Designatedasoneofthemost

fitandphilanthropicregionsinthenation,JacksonHoleresidentsenjoyhealthylifestylesandaredeeplyengaged

intheircommunity.Wyomingisthemost“tax-friendly”stateintheUnitedStates-providingJacksonHolewith

anincrediblecommunityofpeople,food,thearts,outdoorsandwildlife,makingTetonCountyoneofthemost

sought-afterlifestylelocationsintheworld.

ALL PROPERTIES 2014 Q1- Q3 2015 Q1- Q3 % 2014 TOTALS

Active 466 479 2.79% 390

Pending 45 68 51.11%

Units Sold 326 350 7.36% 455

Average Sold Price $1,185,374 $1,541,648 30.06% $1,192,359

Median Sold Price $757,500 $845,000 11.55% $765,000

New Listings 572 648 13.29% 652

ALL OF TE TON COUNT Y

WHY JACKSON HOLE?

88%SOLDpropertiesreportedthroughMLSQ1-Q3201482%SOLDpropertiesreportedthroughMLSQ1-Q32015

tngjh.com307.734.9949

Units Sold Increased Q1- Q3 2015 vs. Q1 - Q3 2014


Active 191 201 5.24% 146 Low Sale Hoback Jct Home - $482,500

Pending 14 37 164.29% Med Sale JH Golf & Tennis Cabin - $1,250,000

Units Sold 137 150 9.49% 189 High Sale Bar B Bar Ranch - $20,240,000*


Median Sold Price $1,150,000 $1,175,000 2.17% $1,125,000Ellen Creek - $11,500,000*

New Listings 259 310 19.69% 281


Active 88 96 9.09% 77 Low Sale Hansen Meadows - $225,000

Pending 19 18 -5.26% Med Sale Aspens “Alders” - $535,000

Units Sold 127 129 1.57% 170 High Sale Granite Ridge - $3,950,000


Median Sold Price $455,000 $510,000 12.09% $462,000Four Seasons - $4,450,000

New Listings 164 190 15.85% 206


Active 187 182 2.67% 167 Low Sale Rogers Pt - $242,500

Pending 12 13 8.33% Med Sale Crescent H - $950,000

Units Sold 62 71 14.52% 96 High Sale Ely Springs - $10,580,000*


Median Sold Price $657,500 $950,000 44.49% $777,500Ranch 3 Bar BC - $9,154,000*

New Listings 149 148 -0.67% 165

ALL OF TE TON COUNT Y

114

36

101

20

17

97

14

$0 - $2M

$0 - $1M

$0 - $1M

$2M - $5M

$1M - $2M $2M+

$8M+$5M-$8M

$2M-$5M $5M+

SINGLE FAMILY HOMESSOLD Q1 - Q3 2015

BUILDING SITESSOLD Q1 - Q3 2015

MULTI FAMILY HOMESSOLD Q1 - Q3 2015

16

$1M - $2M

I N A L L C AT E G O R I E S - S I N G L E FA M I LY, M U LT I FA M I LY & B U I L D I N G S I T E S

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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.

270WestPearlAve,Suite101Jackson,WY83001

WWW.TNGJH.COM

David A. [email protected]

Shawn M. [email protected]

Samantha K. [email protected]

Q3 Luxury Market Report Jackson Hole

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