Tag Archive for: for sale in jackson hole

2018: Q1 Review

New Listings – What’s New?

The number of new listings hitting the market in first quarter of 2018 is up slightly when compared to last year, thanks to an usually busy January 2018, where nearly 40 new listings hit the market (vs. 21 in Jan 2017). However, the overall dollar volume of these new listings is down slightly in Q1 2018. As a result, the average listing price for the first quarter is down 15%, from $2.092 million to $1.78 million. The decrease was helped by the strong Jan 2017 (which saw an average listing price of $3.3m) and a somewhat weaker March 2018 (which saw an average listing price of $1.2m).

We are officially entering the “busy listing season” of April/May/June, so it will be interesting to see how much new inventory hits the market (and at what price points). Stay tuned….

$1,781,873

AvERAGE LIST PRICE

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$174,002,500

LIST PRICE Volume

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Transactions/Sales Volume – What Sold?

Sales transactions are up nearly 40% in Q1 2018 (vs. this time last year). February 2018 in particular was a very busy month, with 45 sales (vs. only 25 sales in Feb 2017). Sales Volume, however is down 8% in the first quarter of this year. Much of this decline can be attributed to the usually high sales volume of January 2017, where nearly $90 million in property sales occurred (compare that to Jan 2018 where we saw only half that volume).

$132,681,658

Total Sales Volume

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$1,272,155

Average Sales PRICE

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Note: All statistics are pulled from Teton Board of Realtors Multiple Listing Service for residential sales/listings in Teton County, WY for the dates specified above. It is estimated that sales outside of MLS account for an additional 10-20% of transactions/volume. Contact Katie for more details.

New Listing :: Rafter J Single Family Home

New Listing :: Rafter J Four Bedroom Home

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Property Details

  • Nearly 2,600 square feet on a 0.22 acre lot
  • 4 bedrooms, 3 baths, 2 car garage
  • Private setting at the end of the cul-de-sac
  • Beautiful Teton views
  • Connected to Rafter J open space with easy access to walking paths and Flat Creek
  • Open living/kitchen/dining area
  • Large bonus room and large mudroom
  • Fresh exterior paint
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This is the Rafter J home you have been waiting for with nearly 2,600 sq ft of living space on a spacious 0.22 acre lot, located at the end of a quiet cul-de-sac, backing up to open space. Entertain in the open living/dining/kitchen area with tall windows and vaulted ceilings. Spread out in the large upstairs bonus room – perfect as a family/play room. Enjoy lazy Saturday mornings with coffee in hand, while watching the sun rise on the mountains from the master bedroom. Take in the outdoors from multiple decks, including one off the downstairs bedroom with direct Teton views. Additional features include a large mudroom for all your Jackson gear and fresh exterior paint. Take advantage of this home’s connection to Rafter J open space with easy access to the great walking trails and Flat Creek.

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PUBLIC OPEN HOUSE

Wednesday April 18th

10:00am – 1:00pm

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1745 Diamond Hitch Drive

Taxes: $5,496/year

HOA Fees: $624/year

List Price: $995,000

Click HERE for more information/photos. 

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New Listing :: Remodeled Duplex in Downtown Jackson

Remodeled Duplex in downtown Jackson

Live the Jackson Hole lifestyle – be in the center of the action! Newly remodeled in 2018, this duplex is located in the heart of downtown Jackson within a block of the Center of the Arts and the famous Snake River Brew Pub and walking distance to all the restaurants, shops and bars around Town Square.

So many possibilities: Live or stay in one part of the duplex while generating rental income in the other. Use the additional unit for visiting family and friends. Rent out both units as an investment.

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The front unit (Unit A), which exudes the old Jackson character as an updated historic cabin with exposed logs, consists of a large master bedroom, new bathroom, cozy living room with gas stove, open full kitchen, an intimate eating area with ample pantry, and a large exterior storage room.

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The back unit (Unit B) is a multi-story addition, built in 2003, with large windows taking advantage of direct Snow King Mountain views. This unit includes 2 bedrooms, a full bath, brand new full kitchen, sunny and bright living room and a full, unfinished 400+ sq ft lower level with separate entrance – perfect for storage or a workshop and easily set up to create a 3rd bedroom or studio apartment.

Additional Information:

  • 260 W Hansen Ave, Jackson, WY
  • MLS: 18-596
  • 2017 Taxes: $5,081/year
  • No HOA or CC&Rs
  • List Price: $1,195,000

Co-Listed with David Vandenberg of Jackson Hole Real Estate Associates

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OPEN HOUSE: Sat March 24th 3:00pm – 6:00pm

Click HERE for more information/photos. 

Click HERE for a Virtual Tour. 

Half of new December listings already under contract in early January

The Colbert Real Estate Report

Monthly Market Update for January 2018

Jackson Hole, WY

What’s new in Dec 2017? (New Listing Analysis)

  • 33 :: Total New Listings
    • New Listing Volume: $76,462,000
    • Average List Price: $2,317,000
  • 28 :: New Residential Properties (single family, townhome, condo)
    • Average List Price: $2,055,000
    • Median List Price: $1,225,000
    • New listings priced under $1 million :: 11  (39%)
    • New listings priced under $500,000 :: 2 (7%)
    • New listings already under contract or sold: 12 (43%)
  • 5 :: New Building Sites
    • Average List Price: $3,780,000
    • Median List Price: $2,500,000
    • New listings priced under $1 million :: 1 (20%)
    • New listings priced under $500,000 :: 0 (0%)
    • New listings already under contract or sold: 3 (60%)
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What it means: After a predictably slow November, new listings ticked up in December as 33 properties hit the market last month. Along with an increase to sales volume, the average listing price also increased for the second month in a row and reached over $2.3 million for the first time since June 2017. Six new listings hit the market priced in excess of $3 million, including two homes in Teton Village and two homes on the Westbank. Five new lot listings hit the market, including one of the last true ski-in, ski-out vacant lots at the base of Jackson Hole Mountain Resort. The most telling statistic this month, is that nearly 50% of the new December listings are already under contract or sold (by Jan 10th). With inventory being so tight, buyers are ready to move quickly on well priced and/or high demand properties. Some of the listings that have gone under contract quickly include: several condos and condo hotels in Teton Village, a higher end penthouse condo in downtown, and a single family home in Wilson priced under $750,000.

**During times of low inventory and high demand (i.e. the current state of our market), many properties aren’t even hitting the open MLS market before selling. If you have a specific property type/location/price in mind, please contact me so that I can be on the look out for off-market or soon-to-be-listed properties for you. 

Notable new listings in December include:

  • Newly updated log cabin home in Hoback – $575,000
  • Three bedroom townhome with private backyard in Cottonwood Park – $629,000
  • Newly built contemporary home in the Town of Jackson – $1,699,750

Click HERE to view all Dec residential listings.

Click HERE to view all Dec land listings.

(Note: Links above are good for one month after report is published.)

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SOLD :: Penthouse Condo in Downtown Jackson

Quick Stats:

  • 3 bedroom, 2 bath Penthouse condo
  • 1,824 square feet on two levels
  • Views of vibrant downtown
  • Vaulted ceilings and natural light
  • Remodeled in 2014
  • Zoned for short term rentals 
  • Ability to “lock-off” for partial rental
  • Underground heated parking & storage
  • Certified Silver LEED building

Urban inspired living in Town

Remodeled in 2014 with a flair all its own, this 3-bedroom penthouse at the Pearl at Jackson is a truly unique offering within walking distance of the Town Square.  Elevated ceilings on the upper level welcome natural light from the expansive use of glass, which takes in views of the nearby East Gros Ventre Butte. A generous master suite enjoys access to a private north-facing deck that looks out over nearby shops and restaurants of vibrant downtown. Two additional guest bedrooms, a 2nd full bath and a small outdoor patio complete the 1,723 sq.ft. floor plan on two levels.  With a second entrance and an additional parking space, an owner has the opportunity to lock off part (or all) of the unit for short term rental. Boasting the acclaim as the first downtown mixed-use building to be certified LEED Silver, this landmark location in the Town of Jackson features underground heated parking and storage, and secure elevator access to the upper floors. Entertain in the comfortable great room with its natural gas fireplace and enjoy family gatherings around the well-appointed kitchen with its custom cabinets, backsplash and counters.

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Additional Information:

  • 270 W Pearl #301, Jackson, WY
  • MLS: 17-3317
  • 2017 Taxes: $8,757/year
  • HOA Dues: $7.560/year
  • List Price: $1,950,000
  • SOLD: February 2018

Click HERE for more information/photos. 

Co-Listed by: Katie Colbert Brady, Brett McPeak, & Des Jennings, Associate Brokers

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The summer selling season is here; as new listings (and asking prices) increase

The Colbert Real Estate Report

Monthly Market Update for July 2017

Jackson Hole, WY

What’s new in June 2017? (New Listing Analysis)

  • 104 :: Total New Listings in June
    • New Listing Volume: $252,992,000
    • Average List Price: $2,433,000
  • 79 :: New Residential Properties (single family, townhome, condo)
    • Average List Price: $2,439,000
    • Median List Price: $1,250,000
    • New listings priced under $1 million :: 35  (44%)
    • New listings already under contract or sold: 19  (24%)
  • 25 :: New Building Sites
    • Average List Price: $2,413,000
    • Median List Price: $1,150,000
    • New listings priced under $1 million :: 11 (44%)
    • New listings already under contract or sold: 1 (4%)

What it means: The summer selling season is here! Over 100 new listings hit the market in June, the highest monthly tally since May 2016. Listing prices of this new inventory also spiked, resulting in over $250 million in listing volume, a high level not even seen during last year’s busy summer months (see chart below). As a result, the average listing price for June inventory stayed strong, hovering just below $2.5 million. Several high end listings came onto the market in June, including four large parcels of land (158 acres in total) in the famed Crescent H Ranch south of Wilson – listed for $24 million, and two larger estate homes north of Town at Split C Ranch ($12.5M) and in the Dairy Ranches west of Jackson ($11.5M). The median listing price (of homes/condos/townhomes) in June was $1.25M, an increase over last month ($1.17M), but still well below the average (which can be disproportionately pulled up by several high end sales). In June, 44% of new residential listings were priced under $1 million (similar to last month).  Nineteen properties were already under contract (by July 10), with 11 of those pending sales occurring in this very active sub $1 million price range. Another 25 new building sites hit the market in June (similar to May), however with much higher prices. The average price tag for a newly listed vacant lot in June was just over $2.4 million, again pushed up by several high end lot listings in Crescent H Ranch and Trails End Ranch. Similar to residential listings, the median price for building sites ($1.15 million) was much lower than the average listing price, with 44% of new listings priced under $1 million. The least expensive lot listing was a parcel in the Pacific Creek neighborhood in Moran for $315,000, while a rare lot in Rafter J was listed at $419,000

Notable new listings in June include:

  • Three bedroom townhome with garage in Jackson – $550,000
  • Two bedroom house on 3 acres south of Wilson – $877,000
  • Two single family homes on Cache Creek Dr in East Jackson – starting at $1,620,000
  • Building site at end of cul-de-sac next to open space in Rafter J – $419,000

Click HERE to view all available June residential listings.

Click HERE to view all available June land listings.

(Note: Links above are good for one month after report is published.)




 

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Featured Listings

Browse Katie’s “Top Picks” for current values in the Jackson Hole real estate market. Updated with new listings weekly. Browse now.

Property Search

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New Listings steadily increase, still lag previous years

The Colbert Real Estate Report

Monthly Market Update for May 2017

Jackson Hole, WY

What’s new in April 2017? (New Listing Analysis)

  • 50 :: Total New Listings
    • New Listing Volume: $125,588,000
    • Average List Price: $2,511,000
  • 32 :: New Residential Properties (single family, townhome, condo)
    • Average List Price: $1,981,000
    • New listings priced under $1 million :: 17  (53%)
    • New listings already under contract or sold: 7  (22%)
  • 18 :: New Building Sites
    • Average List Price: $3,450,000
    • New listings priced under $1 million :: 7 (38%)
    • New listings already under contract or sold: 2 (11%)

What it means: After a slow winter, new listings are steadily increasing as we approach the busy summer selling season. There were 50 new listings in April, marking the highest level of new monthly inventory seen since Aug 2016. Note that while new listings have increased in 2017, they still trail new inventory levels seen in the past several years (see multi-colored chart below). The total dollar volume of new listings spiked in April, hitting $125 million, nearly doubling the volume from the previous month. There were several high end building sites listed in April in the Bar BC Ranch (located north of town on the Snake River) including 3 different 35 acre parcels priced between $8-9 million each and a 105 acre parcel listed for $17 million. As a result, the average listing price jumped to $2.5 million overall ($3.45 million for new vacant lots). That being said, more than 50% of the new residential listings were priced under $1 million, with 7 new listings priced under $500,000, including 4 condos in the Town of Jackson. On the other hand, only 1 of the 18 new lot listings was priced under $500,000 – a building site down in the Snake River Sporting Club for $495,000. Nine high demand new listings went under contract quickly, including a nicely remodeled Rafter J condo (listed for $599,000), that received multiple offers in the first day on the market. While nearly 1 in 4 new April residential listings is already under contract (by May 10th), the trend of “entry level” properties being snatched up quickly has slowed a bit in April, suggesting sellers may be testing the market with bolder listing prices as we approach the busy summer. 

Notable new listings in April include:

  • Two bedroom condo in Town of Jackson – $319,000
  • Four bedroom townhome with 1 car garage in Town – $470,000
  • Three bedroom, 1,800 sq foot house at Hoback Junction – $725,000
  • Three large ranch parcels at the Snake River Sporting Club – starting at $2.6 million

Click HERE to view all available April residential listings.

Click HERE to view all available April land listings.

(Note: Links above are good for one month after report is published.)




Property Search

Search ALL Teton County Listings: Single Family Homes, Condos, Vacant Land, Multi-family, Farm/Ranch, Commercial and Leases

  • Quick Search or Advanced Search capabilities 
  • Customizable Map Search
  • Search by MLS #, if you have a specific property in mind
  • Create your own saved searches

Search Jackson Hole Properties now.

placeit

Create & Manage Your Own Account

Save your favorite Jackson Hole Real Estate properties or create customized search criteria for personalized direct access.
Set up your account now.