A lot has changed at the base of Jackson Hole Mountain Resort in the last 10 years. Teton Village real estate development in the next decade promises to be even more dramatic.
Neighborhood analysis
Shooting Star in Teton Village continues to lead the Jackson Hole upper-end residential market, which has seen increased unit sales and sales volume in 2019. There are currently 52 residential real estate listings in Teton County priced higher than $5 million, with 25 percent of those homes located north of Jackson near the Jackson Hole Airport. The next greatest percentage of high-end homes can be...
Sold prices exceeded $2 million this year for the first time in the 20-year history of Melody Ranch, a subdivision of approximately 350 deeds located about 3 miles south of Jackson, with two homes surpassing the threshold. Melody Ranch has seen 13 closings in the last 12 months for a total sales volume of $21.33 million and an average sales price of $1.641 million, according to Teton County...
Teton Village continues to pace the Jackson Hole real estate market with big gains year over year in both sales volume and units sold. Ironically, however, values have yet to return to pre-recession heights at the base of Jackson Hole Mountain Resort as they have in other market segments such as single-family homes. Without question the hottest corner of the Jackson Hole real estate market is Teton...