Jackson News - All Jackson Hole Real Estate

Jackson Hole Sotheby’s Winter Catalogue of Fine Properties 2016

Jackson Hole Sotheby’s International Realty’s new Winter Catalogue of Fine Properties was released this week. You can view the digital version by clicking on the Catalogue image below. Let us know if you would like an actual catalogue mailed to you by contacting us with your mailing address.

Cover

Winter Catalogue of Fine Properties 2016

Read more →

Jackson Hole Real Estate Market Update Fall 2015

_SES4507

Jackson Hole Teton Range Wyoming

Jackson Hole Market Update Fall 2015

The Jackson Hole Real Estate Market has seen its best year since 2007. Through the third quarter we have experienced reduced inventory, increased number of transactions, and rising prices. Teton County saw significant increases in sales volume through the 3rd quarter of 2015 with dollar sales volume increasing by 28% for all property types.  The number of transactions rose only 4% resulting in an increase of 23% in the average sales price.  Overall sales volume is at an eight year high while the active inventory levels are at historic lows.

There were three segments of the market that stood out above all the others.

North of Jackson

Residential sales volume in the area North of Jackson saw an increase of 175% year over year. 59% more single-family homes have sold in the area. Like most of Jackson Hole, the luxury end of the market skewed average sales price dramatically higher year over year. Sales of larger parcels of the Bar BC and Bar B Bar Ranch contributed to an increase of 73% in the average selling price.

West of Snake River/Wilson

Luxury sales West of the Snake River were the primary driver of this segment of the market. As a result the average sales price was up 47% while the number of properties sold was down 7%.

Teton Village at the base of Jackson Hole Mountain Resort

Sales volume in Teton Village has increased over 68%. Much of the dramatic increase can be attributed to condominium and townhome sales. Condominium and townhome sales volume increased over 142%. The number of transactions increased over 22%.

Teton Village real estate sales are historically strongest during ski season, making the significant increase in sales activity through the 3rd quarter eye opening. Forbes recently named Jackson Hole Mountain Resort the 2016 #1 ski resort in the U.S. for the third consecutive year. Jackson Hole Mountain Resort’s private ownership group has dedicated over $110 million to continued capital improvements contributing to the success of the ski area. Inventory in Teton Village is at historic lows and there is little to no new development on the horizon. Increasing demand and low supply has set the stage for a strong real estate market in 2016.

Vacant Land

The historic low inventory for single family homes is beginning to increase demand for vacant land. Buyers who are unable to find what they are looking for, are purchasing land with plans to build their ideal home. Sales volume of vacant land was up 24% year over year. Average sales price was up 10%. This trend will likely continue as long as residential inventory remains low.

Luxury Market

The luxury segment of the market has seen a significant gain year over year. Through the third quarter of 2015, we have seen sales volume increase by 65% for properties listed at or above $5 million. The total number of transactions doubled from this time last year.

JH Property Group has over 35 years of combined experience in the Jackson Hole Real Estate Market. We are licensed in both Wyoming and Idaho. We have extensive knowledge of the existing inventory and often find opportunities off market for our clients. If you have any questions or would like a detailed breakdown of a specific segment of the market, please don’t hesitate to contact us.

Read more →

North of Jackson Hole

DSC_0817

 

Red Hot Market North of Gros Ventre Junction

Nowhere in Jackson Hole is the resurgent real estate market more evident than Area 7 North of Gros Ventre Junction. A quick year over year analysis provides some truly eye-opening numbers. As of May 19, 2014 there had been four properties either contracted or sold in the area with an approximate sales volume of $7,200,000.* During the same timeframe in 2015 seventeen properties have gone under contract with 11 closings. Closed year to date sales volume in 2015 is approximately $23,070,000.* The six pending properties have combined asking prices of $23,465,000. If all the pending properties close it will be an over 600% increase in sales volume year over year.

North of Jackson is known for the un-paralleled views of the Grand Teton and nearby access to the National Parks. Being further from Jackson Hole Mountain Resort the selling season for the area has always been the Summer and Fall. In 2014 the total sales volume was $31,578,000 with 24 properties closing in the area. 77% of the closed sales volume was placed under contract after May 19, 2014.   The fact that the area has historically been a Summer/Fall centered market makes the year to date 2015 numbers even more impressive and could be a sign of a record breaking summer selling season to come. Pending & Closed sales in the area year to date has already surpassed the entire sales volume for 2014.

There are currently 20 active residential listings in the Area North of Gros Ventre Junction. There are 29 active listings of vacant land. 15 of the 29 active vacant land listings are located in Solitude & Owl Creek Subdivisions. The largest landowner’s in the respective subdivisions have decided to bring some of their inventory to the market. The first of the new vacant Solitude listings was pended in less than a month on the market. The lack of new construction and residential inventory market-wide will continue to put increasing demand on vacant land. There is less than a 6 month supply of single family homes in Teton County and as the summer selling season approaches demand North of Jackson should continue to increase as the supply decreases. The JH Property Group has been involved in more transactions than any individual broker/team in the area North of Gros Ventre Junction in 2015. We have the market knowledge to help you meet your goals whether you are considering Buying or Selling. Please contact us if there is any way we can assist you.

* All Statistics based on Teton Board of Realtors MLS. In cases where sales prices were not disclosed sales prices were estimated.

Read more →

Luxury Estate Jackson Hole

Woodside Estate is a luxury property located in beautiful Jackson Hole Wyoming. The home that was completed in 2014, and offers up expansive Teton views from every room in the house. With over 6500 sq. ft. of living space, this 6 bed 7 bath home was built with beautiful reclaimed materials and the finest quality finishes available.

1-Main

Woodside Estate

This luxury estate features a state of the art kitchen, catering pantry, wine closet, 3 guest suites with in suite baths and direct access to the outside. Private home theatre with projection screen and stadium seating, bunk room, guest apartment, 4 garage bays, spacious master bedroom, and an amazing master bathroom complete with dry sauna.

QU8E8358

Views

Situated on 5 private acres, the properties grounds were extensively contoured and landscaped for ultimate privacy. There are 2 reflection ponds that join together through a stream and are fed by recirculating waterfall. Located in Woodside Subdivision, just 10 minutes north of the town of Jackson. This area of the valley offers up a park like setting with abundant wildlife and some of the most beautiful scenery in the Rocky Mountain Region.

For Additional Information and Photos please visit

www.woodsideestatejh.com

 

Read more →

2014 Jackson Hole Real Estate Summary

The 2014 Jackson Hole real estate market can be defined by its transition from a continued recovering Buyers market, to a strong Sellers market. Increasing demand and historically low inventory levels have led to a significant surge in property values heading into 2015. This trend should continue for the foreseeable future, based on the current market conditions and the limited development potential in the valley.

Fourth_Quarter___Year_to_Date_2014_Report___Jackson_Hole_Sotheby_s_International_Realty

When comparing 2013 with 2014, the overall number of sales dropped by 11% and sales volume fell by 8%. The decreases can be directly contributed to the decline in overall available inventory. As 2014 came to an end we saw inventory levels approaching 25-year low’s. The active number of listing were down 12% when compared to last year.

Lack of supply has had a direct correlation to rising prices in all segments of the real estate market. The median prices have jumped by 16% in the past year. Year-end absorption rates for remaining inventory was less than 12 months. The current trends should continue in 2015 with limited new inventory and increasing demand.

Fourth_Quarter___Year_to_Date_2014_Report___Jackson_Hole_Sotheby_s_International_Realty_1

 

Residential Market

Single-family homes accounted for 40% of the overall sales in 2014. The median sales price rose by 10% to $835,000. The condo/townhouse market actually fell by 9% in sales volume in 2014 but the median sales price rose by 9%. Like all the other segments of the market, condo/townhouse inventories fell sharply in the past 12 months. This should create continued accelerated appreciation in 2015.

 Vacant Land Market

The number of vacant land sales in 2014 were down 15% from the previous year. The median sales price however rose 7%. We should see a continued rise in pricing into 2015 as inventory levels decline. Many Buyers have shifted their focus and started looking to vacant land. This can be contributed to the lack of residential options to choose from.

For a complete breakdown on the 2014 Jackson Hole Real Estate Statistics, please contact us.

 

Read more →

Commercial Development

Commercial Property

Commercial Property

Commercial development opportunity in downtown Jackson, Wyoming. 5 contiguous commercial lots at the base of Snow King Mountain Resort and a few short blocks from the town square. Located on Snow King Ave and directly across the street from Phil Baux Park, these 5 lots offer developers a multitude of options. Zoned UC2 commercial and within the Lodging Overlay allows for a wide array of options including mixed use, commercial, residential, or hotel development. The Snow King Mountain Resort area in recent years has become a focal point for both recreation and entertainment for locals and visitors alike. Recent improvements to the ski resort and the addition of Jackson Hole Live (free outdoor concert series) has created a hot bed of activity to the area.

The town of Jackson’s most recent comprehensive plan is focussed on encouraging commercial mixed use development in this particular location of town. The town began construction on the South Cache Street enhancement in the summer of 2014, which will help link downtown Jackson with Snow King Resort by making it more pedestrian friendly.

Snow King Mountain Resorts Master Plan was recently released at the beginning of 2014 and replaces the 1982 MP. This recent release went to the public after approval from the Bridger Teton National Forest. Included in the Master Plan were improvements to the snow making infrastructure, zip lines, expansion of the ski area by adding additional intermediate terrain, upgrades to the Alpine Slide, an enhanced mountain bike trail system, mid mountain warming hut, summit mountain restaurant and event space, an additional chair lift, and a summit gondola. The overall goal of Snow King Mountain Resort is to create a vibrant, year around, mixed use development that can contribute to the Jackson Hole economy and to help sustain its winter operations.

Current list price for all five lots with structures is currently at $5,200,000. If you have any questions in regards to this commercial development opportunity or would like additional information on other development options in and around Jackson Hole. Please contact the JH Property Group.

Read more →

The Best of Shooting Star Jackson Hole

 

Views from lot 27 at Shooting Star

Views from lot 27 at Shooting Star

The JH Property Group recently listed one of the finest vacant sites in Shooting Star, and without question the premiere vacant site available in Teton Village. Lot 27 is one of only seven perimeter Lake-side lots in the development, which is located  at the base of the #1 rated Jackson Hole Mountain Resort. The Lake-side sites are the most desirable properties in the entire subdivision, overlooking the Lake and 550 acres of open space and the award winning Tom Fazio designed Golf Course. Lot 27 is the only Lake-side lot bordering the course offering easy access. The views and sense of space from the building site are breathtaking.

The sales history of the seven Lake-side side lots reflects the demand for this special location.  Lot 27 was among the four Lake-side lots that sold with the first offering at Shooting Star in 2007. The other three initial offering Lake-side lots sold as re-sales between 2008-2010.  The remaining 3 Lake-side lots owned by the developer have all sold with the last site closing in 2013. The offering price of Lot 27 is the lowest ever available on the Lake and this may be the last opportunity to own one of the premiere vacant sites in the development. Please contact the JH Property Group if you have any questions regarding Lot 27 or would like more information on the Shooting Star Development.

Read more →

New Indian Paintbrush Listing

Indian Paint Brush Log Home

Indian Paint Brush Log Home

Amazing log home just listed by the JH Property Group in Indian Paintbrush, Wilson WY. This is probably one of the best priced homes for it’s size on the market right now. If you would like some more information on this listing, please contact us via the Contact Us tab on this site.

Spectacular location in Indian Paintbrush adjacent to National Forest to the South and West. This impeccably maintained home had the kitchen and baths remodeled in 2006. Southern exposure provides plenty of sunlight and inspiring views of the surrounding mountains. The property is extremely private with nearby access to miles of hiking trails in the subdivision and into the National Forest.

Read more →

Historic Cabins in the Town of Jackson

560 E Hansen Jackson WY

560 E Hansen Jackson WY

Only once in awhile does a property as special as this come to the market. The coveted East Jackson location in conjunction with beautiful old Jackson cabins makes this property one of a kind. The delightful open floor plan of the main cabin is enhanced with turn of the century fixtures and a grand kitchen that would be any cooks dream. A 560 SQFT guest cabin on the back of the lot has alley access, and Mike Yokel park a stones throw away. A full commercial grade kitchen, attached to the main home,is another added bonus to this property. The kitchen can easily be converted into an art studio, home office, or additional living space.

See the full property details in our Featured Listings Tab.

http://www.jacksonhole-real-estate.com/property-details/14-1742/hansen-ave-jackson-jackson/ 

 

Read more →

America’s 5 New Foodie Cities/ Jackson Hole

Best_Foodie_Citites_in_2014

I was not surprised to read on winemag.com that our little city made number 3 on Americas top 5 New Foodie Cities. I was surprised that Jackson was being compared to some major metro areas and the cuisine that you can find there. It is no secret that Jackson has amazing food to offer that has been nationally acknowledge by food shows like Diners, Drive-ins, and Dives. The show came to film this spring and featured one of the best restaurants in town, Cafe Genevieve. The show also stopped by Pinky G’s Pizza for some of the best NY style pizza in the Rocky Mountains. Food and culture here in Jackson is a major reason that people not only visit Jackson Hole, but end up moving here. In the last decade we have seen many more permanent residents move to Jackson Hole. As a result, the demand for good food has created a market big enough to support many different types of restaurants. Recently an Indian restaurant opened just off the town square which is outstanding. The demand for organic healthy food has allowed one of our local grocery stores to expand their store by 5 times the size. The New Jackson Whole Grocer, which I will still call Food-Town, it’s previous name, opened their brand new store last week. It has been the talk of the town, and rivals any Whole Foods I have ever been in.

Local Tip: if you are a foodie and want spend your time eating in Jackson, visit the valley in the off-season when each restaurant fights for your business offering 2 for 1 entrees, or some other creative deal to get your business.

 

Read more →
    • Be the First to Know, before Zillow & Trulia

      By filling out the form below, you will be receive an automated email from the Jackson Hole Property Group informing you of new listings and price changes for properties that meet your selections.

      • Please select the areas with the Jackson Hole region your are interested in.
      • please select the property type(s) you are interested in
      • please provide any additional desired traits in the property you are looking for (minimum bedrooms, minimum bathrooms, square footage, acreage, ski-in/ski-out, view, etc)
      • Contact Information

    • This field is for validation purposes and should be left unchanged.
  • Be the First to Know