• NEW: Virginian Village 1-bed, 454-square-foot condo built in 1994, remodeled in 2018, listed by Prugh Real Estate for $525,000.

• NEW: Gros Ventre in Teton Village 1-bed, 684-square-foot condo built in 1973, updated in 2023, listed by Jackson Hole Sotheby’s International Realty for $995,000.

• NEW: Town of Kelly .17-acre building site with direct Teton Range views, listed by Jackson Hole Sotheby’s International Realty for $1.25 million.

• NEW: Hotel Terra in Teton Village 2-bed, 1,259-square-foot condo-tel, listed by Engel & Volkers for $2.229 million.

• NEW: Teton Village 4-bed home built in 1982 on .63 acres with completed plans for a modern 6-bed, 11-bath, approximately 8,000 square foot home, listed by Jackson Hole Sotheby’s International Realty for $5.25 million.

• PENDING: Rivermeadows 3-bed, 2,128-square-foot townhouse built in 1975 after 13 days on market, listed by Jackson Hole Sotheby’s International Realty for $1.95 million.

• PENDING: Teton Village 5-bed, 3,19-square-foot home built on .69 acres in 1980 after 98 days on market, listed by Live Water Properties for $5.5 million.

• PRICE REDUCED: Meadowbrook/Town Creek 2-bed, 849-square-foot condo built in 1979, reduced from $1.075 million to $865,000 after 363 days on market. Listed by Compass.

• PRICE REDUCED: Rafter J 3-bed, 2,944-square-foot home built in 1992 on .25 acres, reduced from $2.55 million to $2.465 million after 153 days on market. Listed by Jackson Hole Sotheby’s International Realty. CLOSED: Cottonwood Park 3-bed, 1,132-square-foot home built in 1989 on .14 acres after 18 days on market, listed by Compass for $1.495 million.
• CLOSED: Cottonwood Park 3-bed, 1,132-square-foot home built in 1989 on .14 acres after 18 days on market, listed by Compass for $1.495 million.

Do you have questions about Today’s Real Estate Facts or the broader market? Would you like a link to one of the properties mentioned, or a weekly email with recent listing activity for your target market segment? I am an Associate Broker with Jackson Hole Sotheby’s International Realty. Contact me today for a personalized look at properties in Teton, Lincoln and Sublette counties in Wyoming and Teton Valley, Idaho. “This is for informational purposes only and is not a solicitation for business. If you are currently working with a Realtor, contact them for additional information.”

• NEW: Gros Ventre in Teton Village 2-bed, 656-square-foot condo built in 1973, listed by Jackson Hole Sotheby’s International Realty for $1.175 million.

• NEW: Aspens 2-bed, 1,209-square-foot condo built in 1993, listed by Jackson Hole Sotheby’s International Realty for $1.8 million.

• NEW: Town of Jackson .17-acre building site with NM-2 zoning that allows as many as eight units, listed by Compass for $1.75 million.

• NEW: Town of Jackson near Snow King 6-bed, 3,328-square-foot home built in 1972 on .41 acres, listed by Jackson Hole Sotheby’s International Realty for $3.275 million.

• PENDING: Northeast Forty 2-bed, 1,040-square-foot, 2-car garage townhouse after 2 days on market, listed by Compass for $1.095 million.

• PRICE REDUCED: Meadowbrook/Town Creek 2-bed, 744-square-foot condo built in 1979, reduced from $1.075 million to $975,000 after 191 days on market, listed by Compass.

• PRICE REDUCED: East Jackson 4-bed, 3,886-square-foot home built in 1997 on .14 acres, reduced from $3.995 million to $3.185 million after 164 days on market, listed by Jackson Hole Sotheby’s International Realty.

• PRICE REDUCED: 810 West in West Jackson 3-bed, 2,264-square-foot townhouse built in 2005, reduced from $2.595 million to $2.445 million after 49 days on market. Listed by Clayton Andrews Real Estate.

• CLOSED: Creekside Village in West Jackson 3-bed, 1,375-square-foot townhouse built in 1994 after 154 days on market, listed by Prugh Real Estate for $1.175 million.

• CLOSED: Cottonwood Park in West Jackson 2-bed, 1,314-square-foot home built in 1992 on 17 acres, listed by Keller Williams for $1.55 million.

Do you have questions about Today’s Real Estate Facts or the broader market? Would you like a link to one of the properties mentioned, or a weekly email with recent listing activity for your target market segment? I am an Associate Broker with Jackson Hole Sotheby’s International Realty. Contact me today for a personalized look at properties in Teton, Lincoln and Sublette counties in Wyoming and Teton Valley, Idaho. “This is for informational purposes only and is not a solicitation for business. If you are currently working with a Realtor, contact them for additional information.”

Today’s Jackson Hole real estate activity:

• NEW: Snake River Lodge & Spa in Teton Village 535-square-foot studio built in 2002, listed by Keller Williams Jackson Hole for $650,000.

• NEW: Southeast 40 in Rafter J 2-bed, 1,040-square-foot townhouse built in 1981 on a quarter acre, listed by Jackson Hole Sotheby’s International Realty for $1.15 million.

• NEW: Aspens 2-bed, 1,128-square-foot condo built in 1976, listed by Jackson Hole Real Estate Company for $1.55 million.

• NEW: Town of Kelly 4-bed, 2,368-square-foot home built in 1975 on .26 acres, listed by Compass Real Estate for $1.795 million.

• NEW: Wind River in Teton Village 4-bed, 2,410-square-foot townhouse built in 1982, listed by Keller Williams Jackson Hole for $4.3 million.

• PENDING: Hotel Terra 1-bed, 801-square-foot condo built in 2009 after 3 days on market, listed by Keller Williams Jackson Hole for $875,000.

• PENDING: Melody Ranch 4-bed, 2,888-square-foot home built in 2015 on a third of an acre after 8 days on market, listed by Jackson Hole Sotheby’s International Realty for $2.795 million.

• PRICE REDUCED: Gros Ventre in Teton Village 1-bed, 684-square-foot condo built in 1973, reduced from $1.2 million to $1.1 million after 40 days on market, listed by Jackson Hole Sotheby’s International Realty.

• PRICE REDUCED: Shooting Star in Teton Village 5-bed, 7,876-square-foot home built in 2017 on 1.52 acres, reduced from $23 million to $19.5 million after 165 days on market, listed by Compass Real Estate.

• CLOSED: Rafter J 3-bed, 1,584-square-foot home built in 1989 on .29 acres after 128 days on market, listed by Compass Real Estate for $1.625 million.

Do you have questions about Today’s Real Estate Facts or the broader market? Would you like a link to one of the properties mentioned, or a weekly email with recent listing activity for your target market segment? I am an Associate Broker with Jackson Hole Sotheby’s International Realty. Contact me today for a personalized look at properties in Teton, Lincoln and Sublette counties in Wyoming and Teton Valley, Idaho.

“This is for informational purposes only and is not a solicitation for business. If you are currently working with a Realtor, contact them for additional information.”

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 found in Teton Village (10) and the Wilson area (11).

Unit sales and sales volume in this segment increased year over year, jumping 14 percent and 23 percent respectively to 31 sales and approximately $275 million in total sales, according to Teton County Multiple Listing Service. *

Notable sales in the last 12 months include:

• The highest-priced property to close included a 3-bed, 2,110-square-foot home built in 1938, though the value was primarily in the 171 acres located less than 5 miles to the west of Town of Jackson. Listed by Jackson Hole Sotheby’s for $22.9 million.
• A 5-bed, 8,318-square-foot home on 13 acres in the Teal Trace subdivision, located about 2 miles south of Wilson priced at $18.5 million was the second-highest-priced home to close, selling in August after 88 days on market. Listed by Jackson Hole Sotheby’s.
• Of the 10 sales above $10 million, 3 were in Shooting Star in Teton Village and two of those were built in 2019.
• Indian Springs Ranch properties represented 3 of the top 11 sales, with the most significant a 5-bed, 8,581-square-foot home built in 2011 on 4.72 acres listed by Berkshire Hathaway for $15.5 million and closed after 113 days on market.

Three other indicators – days on market, price per square foot and average sales price – also pointed to strength in the Jackson Hole real estate upper end market. Average days on market dropped from 292 to 237, price per square foot increased from $1,233 to $1,732 and average sales price for properties priced above $5 million rose from $7.64 million to $8.88 million

Active listings in this price range increased by 8 percent during the first quarter of 2019, bucking the overall trend since the 10-year high in July 2016. However, upper end listings fell into line with the rest of the market by falling 22 percent YTD since then. Meanwhile, listings priced below $850,000 rose by 30 percent with listings priced between $3 million and $5 million rose slightly by 4 percent.

Notable active listings (Link will expire on November 21 – contact me for an updated look at the market after that date) in this segment include:

• Town of Jackson has 2 residential properties priced above $5 million, both on double lots (a third of an acre total) in Gill Addition, which is adjacent to National Elk Refuge and walking distance from Town Square. A 4-bed, 4,283-square-foot home built in 2014 priced at $5.175 million has been listed by Jackson Hole Sotheby’s for 145 days; a 5-bed, 7,394-square-foot home built in 2010 priced at $5.95 million has been listed by Trinity Real Estate Group for 100 days.
• An Amangani home with 5 beds, 4,963 square feet on .76 acres built in 2006 is listed by Jackson Hole Real Estate Associates for $7.495 million after 135 days on market. Another 5-bed Amangani home with twice the square footage built in 2008 listed by Century 21 Jackson Hole priced at $11.75 million is currently under contract after 546 days on market.
• Wilson property with three structures featuring repurposed, relocated materials more than 200 years old including a 4-bed, 5,002-square-foot main home, 1-bed oak guest cabin and a 1,300-square-foot Amish barn. Listed by Jackson Hole Real Estate Associates for $5.95 million.
• The highest-priced Jackson Hole residential property includes a 4-bed, 7,984-square-foot home built in 2010, 4-bed 3,618-square-foot guest home on 278 acres with a half mile of Snake River frontage north of Jackson in the Bar B Bar subdivision. Listed by Jackson Hole Sotheby’s for $80 million.

Additional neighborhoods that include properties listed for $5 million or more include 3 Creek Ranch in South Park, Gill Addition in Town of Jackson, Gros Ventre North atop West Gros Ventre Butte, Amangani/Spring Creek Ranch atop East Gros Ventre Butte and Town of Kelly.

Please contact me with questions about these properties, a look at active and sold listings in these neighborhoods, or for a personalized look at the broader market.

* A high percentage of reported sales do not include the final sales prices. Sales volume has been determined by assuming final sales prices to be 95 percent of list price, the statistical average for reported sales. Also, many sales occur outside MLS and are not included in this analysis.