New Listing :: Rafter J Single Family Home

April 15, 2018/in Featured Listing, Featured Listings, Uncategorized/by Molly Stewart

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.

New Listing :: Remodeled Duplex in Downtown Jackson

March 23, 2018/in Featured Listing, Featured Listings, Uncategorized/by Molly Stewart

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.

Half of new December listings already under contract in early January

January 12, 2018/in Market Reports, Uncategorized/by Molly Stewart

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%)

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.)

Six high end homes ($3+ million) enter market in November

December 9, 2017/in Market Reports, Uncategorized/by Molly Stewart

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

20 :: Total New Listings
- New Listing Volume: $43,026,000
- Average List Price: $2,151,000
19 :: New Residential Properties (single family, townhome, condo)
- Average List Price: $2,217,000
- Median List Price: $1,150,000
- New listings priced under $1 million :: 9 (47%)
- New listings priced under $500,000 :: 1 (5%)
- New listings already under contract or sold: 5 (26%)
1 :: New Building Sites
- Average List Price: $899,000
- Median List Price: $899,000
- New listings priced under $1 million :: 1 (100%)
- New listings priced under $500,000 :: 0 (0%)
- New listings already under contract or sold: 0 (0%)

What it means: Continuing a decline started in August, only 20 new listings hit the Jackson Hole real estate market in November, the lowest monthly level since last November (2016). While the number of new listings was down in November, total dollar volume of these new listings was actually up from last month (which saw 29 new listings). Six high end listings (priced over $3 million) hit the market in November including 2 homes in Granite Ridge, offering ski-in, ski-out access to Jackson Hole Mountain Resort (starting at $4.2 million) and a 9,500 square foot home in the exclusive Indian Springs neighborhood, listed at $9.7 million. As such, the average listing price jumped back up above $2 million after a low of $1.2 million last month. Only one new listing in November was priced under $500,000 (a one bedroom Aspens condo for $469,000). Of the 8 properties listed between $500,000 – $1,000,000, 5 are already under contract, illustrating the continued high demand for this price point.** Historically, November is not a popular time to list vacant land, as only one new lot listing hit the market in November (a 5 acre lot on the bench of the Snake River in the Solitude neighborhood north of Town).

**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 November include:

Fixer Upper home on 6 acres in Red Top Meadows – $695,000
Newly built contemporary home with Snow King views – $1,150,000
Three bedroom ski-in, ski-out condo at Hotel Terra – $1,449,000

Click HERE to view all Nov residential listings.

Click HERE to view all Nov land listings.

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

Half of October new listings priced under $1,000,000 and selling quickly

November 9, 2017/in Market Reports, Uncategorized/by Molly Stewart

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

31 :: Total New Listings
- New Listing Volume: $38,176,000
- Average List Price: $1,231,000
29 :: New Residential Properties (single family, townhome, condo)
- Average List Price: $1,207,000
- Median List Price: $965,000
- New listings priced under $1 million :: 15 (52%)
- New listings priced under $500,000 :: 4 (14%)
- New listings already under contract or sold: 12 (41%)
2 :: New Building Sites
- Average List Price: $1,575,000
- Median List Price: $1,575,000
- New listings priced under $1 million :: 1 (50%)
- New listings priced under $500,000 :: 0 (0%)
- New listings already under contract or sold: 2 (100%)

What it means: New Listings entering the Jackson Hole real estate market continue to decline, dropping significantly in October. Only 31 new properties hit the market last month (compare that to 100+/- new listings per month in the summer). Overall dollar volume of these new listings also decreased significantly, matching volume levels seen last year at this time. After several steady months hovering between $2.2m – $2.3m, the average listing price dropped nearly $1 million down to $1.2m in October, as over 50% of the new listings in October were priced under $1,000,000, including several condos in The Aspens, a remodeled house in Town and a 2,100 sq foot house in the Rafter J neighborhood. Of the 29 new residential listings, over 40% of them are already under contract or sold. Looking at the under $1 million segment, 8 of the 15 new listings (over half) have already been snatched up, illustrating the continued high demand and competition in this price point. There were only 2 new vacant lots listed for sale, however both were marked as pending when entered into MLS, meaning they most likely went under contract before hitting the market.

NOTE: 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 October include:

Large (900+ sq ft) remodeled 1 bedroom condo in The Aspens – $599,000
4 bedroom Creekside townhome with complete remodel – $799,000
Two larger single family homes in East Jackson – $1,175,000 & $1,355,000

Click HERE to view all Oct residential listings.

Click HERE to view all Oct land listings.

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

September sales fizzle as summer selling season ends

October 10, 2017/in Market Reports, Uncategorized/by Molly Stewart

The Colbert Real Estate Report

Monthly Market Update for Oct 2017

Jackson Hole, WY

Summary – Sept 2017:

40 :: Total residential sale transactions
$59,816,000 :: Total residential sales volume
$1,495,000:: Average sales price
$1,130,000 :: Median sales price
95% :: Ratio of sales price to list price
171 :: Average days on market prior to selling

What it means: After plateauing in July and August, real estate sale transactions dipped in September, signaling the end of the busy summer selling season. September sales were significantly lower than in Sept 2016, which saw the highest monthly sales in all of 2016. Overall, summer sales in 2017 were lower than transactions recorded in the summer of 2016. Similarly, dollar volume over the past several months was also lower than in 2016. Between June and Sept 2017 $226 million in sales occurred, $26 million LESS than the same time frame last year. After hovering just under $1 million in May and June, the average sales price has increased over the last few months, reaching $1.5 million in September. The median sales price has also increased, jumping up to $1.33 million last month. While the overall sales price to list price ratio continues to hover around 95%, it appeared many sellers were willing to negotiate a bit in September with fewer properties selling at or above their respective listing prices. We should see this trend continue as we enter the Fall, as many owners who hoped to sell this summer will become more and more motivated to sell. After reaching a low in July and August, the average marketing time increased in September as listings that had been on the market for quite some time finally sold. This trend was not market wide however: Of the 20 property sales under $1,000,000 in September, 14 sales (70%!) sold in under 3 months, suggesting that demand for this “entry level” local’s market remains very strong.

What Is Your Home Worth?

Curious about the value of your home? Complete the Home Valuation Request form to receive an estimate of the market value of your home.

Featured Listings

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

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May 2017 is busy for new listings, but still lags 2016

June 8, 2017/in Market Reports, Uncategorized/by Molly Stewart

The Colbert Real Estate Report

Monthly Market Update for June 2017

Jackson Hole, WY

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

86 :: Total New Listings in May
- New Listing Volume: $190,260,000
- Average List Price: $2,212,000
62 :: New Residential Properties (single family, townhome, condo)
- Average List Price: $2,426,000
- Median List Price: $1,172,000
- New listings priced under $1 million :: 28 (45%)
- New listings already under contract or sold: 17 (27%)
24 :: New Building Sites
- Average List Price: $1,660,000
- Median List Price: $815,000
- New listings priced under $1 million :: 15 (63%)
- New listings already under contract or sold: 1 (4%)

What it means: Continuing the trend as the busiest month for new listings, May saw nearly 90 new properties hit the market in Teton County. By far the highest level of new listings in past year, it still falls a little short of May 2016 however, when 110 new listings hit the market (see charts below). The total dollar volume of new listings in May increased more than 50% from April, but again, still lagged listing dollar volume seen last year at this time. The average listing price remained above $2 million for the second month in a row, in part thanks to several new high-end listings over $10 million, including an 8,000 square foot home on 38 acres along the Snake River south of Wilson (listed for $16 million). It’s also helpful to look at the median listing price of the new inventory as it can be a more representative statistic given the amount of high-end properties. In May, the median listing price of residential properties was just under $1.2 million, as 28 new residential listings hit the market in the sub $1 million range, mostly 2-3 bedroom condos and townhomes. The least expensive single family home listing was a 1,700 sq foot cabin with garage on a small lot 15 minutes south of Wilson for $699,000 (currently the least expensive single family home in all of Teton County). Several high-end lot listings also hit the market in May, including 6 building sites priced over $2 million and an 105 acre parcel in the Snake River Sporting Club for $9 million. The median listing price for vacant land was $815,000 in May, a result of 15 new lot listings under $1 million (63% of the vacant land inventory). Well priced properties, especially condos/townhomes priced under $750,000, continue to go under contract quickly (sometimes the same day as hitting the market!) as local demand far exceeds available supply in this price point.

Notable new listings in May include:

Two 1-bedroom condos near Town Square in Jackson – starting at $303,000
Newly built 2 bdrm log home on Teton Pass – $1,095,000
Four-plex apartment building (2 bed / 1 bath units) in Town – $1,795,000
Three building sites in the Hoback River subdivision – starting at $339,000

Click HERE to view all available May residential listings.

Click HERE to view all available May land listings.

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

What Is Your Home Worth?

Curious about the value of your home? Complete the Home Valuation Request form to receive an estimate of the market value of your home.

Featured Listings

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

Create & Manage Your Own Account

Save your favorite Jackson Hole Real Estate properties or create customized search criteria for personalized direct access.
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New Listings steadily increase, still lag previous years

May 13, 2017/in Market Reports, Uncategorized/by Molly Stewart

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.

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.

Tag Archive for: for sale in jackson wy

New Listing :: Rafter J Four Bedroom Home

Property Details

PUBLIC OPEN HOUSE

Wednesday April 18th

10:00am – 1:00pm

1745 Diamond Hitch Drive

Taxes: $5,496/year

HOA Fees: $624/year

List Price: $995,000

Click HERE for more information/photos.

Remodeled Duplex in downtown Jackson

The Colbert Real Estate Report

Monthly Market Update for January 2018

Jackson Hole, WY

The Colbert Real Estate Report

Monthly Market Update for Dec 2017

Jackson Hole, WY

The Colbert Real Estate Report

Monthly Market Update for Nov 2017

Jackson Hole, WY

The Colbert Real Estate Report

Monthly Market Update for Oct 2017

Jackson Hole, WY

The Colbert Real Estate Report

Monthly Market Update for June 2017

Jackson Hole, WY

The Colbert Real Estate Report

Monthly Market Update for May 2017

Jackson Hole, WY

Katie Brady