Tag Archive for: new listings in jackson wy

2019: May New Listings in Jackson Hole

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New Listings

Listing activity exploded in May with over 100 new listings hitting the market last month. New listings in May of this year exceeded all of the busy summer months of 2018. In fact, the last time we saw over 100 new listings in a single month was back in July 2017. May’s new listings totaled nearly $225 million, a  monthly dollar volume not seen since August 2018. Of the 101 new listings in May, 35 of them were for vacant land, an activity level not matched since May of 2014. These available building sites covered the entire Valley from Solitude down to the Snake River Sporting Club, Ranging in price from $345,000 – $16,000,000. The average listing price of May’s new inventory is $2.2 million, the highest monthly average we’ve seen so far this year. The median sales price also increased in May, up to just under $1.3 million. The majority (40%) of new listings in May were in the $1-3 million price range. Twenty-two new listings entered the market priced above $3 million, including homes in Granite Ridge and Shooting Star out at Teton Village and two lots in the newly-created Seven Springs subdivision along the Snake River on the Westbank. On the other end of the spectrum, only 10% of the new inventory was under the $500,000 mark and included 1-2 bedroom condos in Ponderosa Village and Virginia Village in the Town of Jackson. Nearly 1/4 of May’s new listings are already under contract or closed, signaling a strong start to what should be a very busy summer selling season.

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$224,672,000

New Listing Volume

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35

Vacant Lot Listings

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$2,224,475

Average List Price

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$1,295,000

MEDIAN LIST PRICE

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22%

over $3M Price Point

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11

Listings under $500k

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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 :: Two bedroom condo in E Jackson

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2 bed / 2 bath / 921 sq feet

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Property Details

  • 2 bed / 2 bath
  • Vaulted Ceilings
  • Updated kitchen
  • Large private deck
  • Storage
  • Covered Parking
  • Adjacent to May Park
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Conveniently located in East Jackson, this spacious 2 bed/2 bath condo enjoys a large semi-private deck with western views. Great in-Town location adjacent to the new May Park and steps away from the hospital, Elk Refuge and Cache Creek trail system. Newly painted with vaulted ceilings, this property includes covered parking, has laundry hook-up in the unit and is dog-friendly.

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755 E Hansen Ave #215, Jackson, WY

2018 Taxes: $2,322/year

HOA Fees: $449/month

MLS: 19-1149

Co-Listed with Deb Keenan, JHREA

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2019: April New Listings in Jackson Hole

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What happened in April?

New Listings

We are on the front end of the busy spring/summer listing season here in Jackson Hole, as we see more and more properties coming to market each month, including 41 new listings in April. The overall dollar volume of these new April listings totaled $65 million, equating to an average listing price of just under $1.6 million, a slight dip from last month, but a number much lower than monthly averages typically seen in the past year. The median list price also dropped in April, down more than $200,000 from March 2019. While new listings in April were equally split between over/under $1 million, 17 of those new listings occurred in the $500,000 – $1,000,000 segment — including townhomes in Town, The Aspens and Teton Village, and one single family home in Porcupine Creek, listed for $949,000. This comes as good news for local buyers, who have been frustrated with consistently low inventory levels in this segment. Demand remains strong and competition is high however, as over a third of April listings are already under contract.

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$64,900,500

New Listing Volume

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33

Residential Listings

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$1,582,939

Average List Price

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$1,100,000

MEDIAN LIST PRICE

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7%

under $500K Price Point

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4

Listings over $3M

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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 Perimeter Lot with Teton Views

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Mountain Views over Open Ranch Land

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Property Details

  • Oversized 0.5 acre lot on end of cul-de-sac
  • Teton views over open ranch land
  • 3 bed / 2 bath / 2 car garage
  • Large fenced yard
  • Wood burning stove
  • Clean and move-in ready
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Arguably the BEST location in the entire Rafter J neighborhood, this oversized half acre lot is located at the end of a quiet cul-de-sac on the north end of the development. Abutting Rafter J Ranch open space on both the north and east property lines and overlooking pastoral ranch lands, this lot offers spectacular mountain views from Glory Bowl to the Grand Teton, which can be enjoyed from the large back deck, living room and master bedroom. The expansive fenced yard wraps around the house to the east offering great eastern mountain views as well. This clean home has been well cared for (new roof in 2018) with a functional floor plan, wood burning fireplace, open kitchen, children’s play structure, covered front porch, attached 2 car garage and bully barn for additional extra storage.

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3060 S Stirrup Dr, Jackson, WY

2018 Taxes: $5,167/year

HOA Fees: $650/year

MLS: 19-762

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2019 Q1: New Listings in Jackson Hole

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New Listings – What’s New?

$1,891,549

AvERAGE LIST PRICE

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$213,744,999

LIST PRICE Volume

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Market Analysis

New Listings were up 15% in Q1 2019 compared to this time last year, as 113 new properties hit the market so far this year. Sellers, perhaps motivated by the hot market in 2018, were encouraged to list their homes at the start of 2019, with nearly half of the quarterly listings (55) coming onto the market in January, usually a slow month for new listings. The dollar volume of new listings was also up 23%, increasing from $174 million in Q1 2018 to $213 million in Q1 2019. January was again the busy month, accounting for 56% of the new dollar volume of the first quarter. The average listing price increased from $1.775 million in Q1 2018, to just under $1.9M this year, in part thanks to a strong January where the new listing average hit $2,176,000. The median list price fluctuated in the first quarter of 2019, reaching $1.12M in January, dropping to below $1 million in February and then spiking up to over $1.3M in most recently in March.

In breaking down the price point of these new listings, the “hot spot” of the first quarter was new listings in the $500,000 – $1M range, accounting for nearly 30% of all new listings in the first quarter. While this is welcomed news for local buyers faced with limited inventory, the market remains competitive in this price point, with more than half of the 32 new listings already sold or under contract. After starting out the year strong, with 11 new listings over $3 million in January, high-end listings slowed as only 8 hit the market in February and March.

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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.

2019: March New Listings in Jackson Hole

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What happened in March?

New Listings

After a slow and quiet February, new listings picked up in March with 36 new properties hitting the market totaling $62M – double the sales volume seen last month! The average listing price increased to $1.7M and the median listing price also increased, up to $1.32M from a low of $997,000 in February. The dramatic increase in listing volume was helped not only by 5 high-end listings in Flat Creek Fishing Club, Crescent H, Bar B Bar and Teton Village, but also by a spike in listings in the $1-3M range, where 15 new properties hit the market in March, including 4 single family homes in the Town of Jackson. While 10 new listings under $500,000 hit the MLS in March, many came on as “pending” sales in Virginian Village, a remodeled condo development near the Library in Town that has been  attracting the interest of local buyers for the past several months.

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$62,239,000

New Listing Volume

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30

Residential Listings

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$1,728,861

Average List Price

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$1,322,500

MEDIAN LIST PRICE

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55%

Over $1M Price Point

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10

Listings below $500K

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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 :: Elevated Views Over Town

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4 bed / 3 bath / 2 Car Garage in downtown Jackson

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Property Details

  • 1,944 square feet on 0.40 acre lot
  • 4 bedrooms / 3 baths / 2 car garage
  • Tastefully updated with vaulted ceilings
  • Elevated views over Town
  • Private lot with mature trees
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Experience elevated views over Town all the way to the Elk Refuge from this updated and private 4 bedroom home.

Light and bright with vaulted ceilings and many windows, this home has been tastefully updated with hickory hardwood floors, granite counter tops, custom cabinets, and stainless-steel Whirlpool appliances.

The .40-acre wooded lot with mature pine trees offers end of the road privacy and easy access to Snow King Mountain for hiking, biking and skiing. With this prime location you are just minutes away from the restaurants, shops and amenities of downtown Jackson.

There is plenty of room for family and guests with a 4th bedroom/bath on its own level, a spacious mudroom off the 2-car garage and large laundry/storage room.

Enjoy all the extras of mountain living! Cozy up next to the stacked stone wood burning fireplace, relax in the outdoor hot tub after a day of skiing, or entertain friends on the private back deck.

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410 Wister Ave, Jackson, WY

2018 Taxes: $4,343/year

HOA Fees: $0

MLS: 19-628

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New Listing :: Remodeled 4 bdrm townhome in Town

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4 bed / 3.5 bath / Garage in downtown Jackson

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Property Details

  • 4 bed / 3.5 bath / 2,015 sq feet
  • One car attached garage
  • Remodeled in 2014
  • Sold furnished
  • Snow King Views
  • Great location in the heart of Jackson, one block from Snow King Mountain
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Live the Jackson Hole lifestyle – be in the center of the action! Remodeled in 2014, this 4 bedroom, 3.5 bath townhome is located in the heart of downtown Jackson, within two blocks of both the Center of the Arts and all the amenities of Snow King Mountain.

Tastefully updated with white oak hardwood floors, all new lighting and paint throughout, and new bathrooms with quartzite counters and tile showers. The kitchen is a cook’s dream with new KitchenAid stainless steel appliances, including a gas range and beautiful light grey quartzite counter tops.

Spread out in more than 2,000 sq feet over 3 levels with two separate living areas. Unwind after a day of skiing with a relaxing steam shower or a snuggle up with a book in front of the wood burning fireplace.

Enjoy morning and afternoon sun with east and west facing windows taking in views of Snow King. Plenty of storage with a one car attached garage and abundant closet space throughout the home. Being sold fully furnished which makes moving in a breeze!

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517 S Cache Street, Jackson, WY 

2018 Taxes: $4,148/year

HOA Fees: $214/month

List Price: $1,025,000

MLS: 19-506

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New Listing :: Remodeled Top Floor Condo in Teton Village

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New Listing :: Two bedroom, 2 bathroom condo with 1 car garage

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Property Details

  • 2 bed / 2 bath / 1,210 sq feet
  • Top Floor with vaulted ceilings
  • Beautifully remodeled with high end finishes
  • Sold fully furnished & turn key
  • 1 garage stall in shared garage
  • Sundance membership included
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Never before listed, this top floor 2 bed, 2 bath Teton Village condo has been completely remodeled with no detail left untouched.

Tasteful and modern updates such as granite countertops, beautiful tile work, solid alder doors and trim, pendant lighting, new carpet and slate flooring are complimented by a Rais woodstove that swivels to accommodate a family meal at the 8-person dining table or to warm a relaxing evening in the spacious, yet cozy, living room. The attention to detail is apparent with many functional updates including a desk nook in the kitchen, wooden cubbies and bench in the entryway, in-floor radiant heating, a new oven/range, and custom built-in cabinets throughout the condo. Plenty of storage with several “owner” closets, a walk-in closet in the master bedroom and a ski locker near the front door.

Breathe in the fresh mountain air from both the large private deck with eastern Valley views off the living room and a smaller deck off the master suite with view of the ski resort.

While only a 10-minute walk from the legendary Jackson Hole Mountain Resort, the condo is also serviced by a complimentary ski shuttle during the winter season. Finally, the sale includes a membership in the nearby Sundance Tennis & Swim Club, where a post skiing hot tub soak is only a few steps away.

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3655 W MICHAEL DR B-4, Teton Village, WY 83014

2018 Taxes: $4,550/year

HOA Fees: $1,400/quarter

List Price: $995,000

MLS: 19-439

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2019: February New Listings in Jackson Hole

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What happened in February?

New Listings

After a very strong start to the year, where 55 new properties hit the market in January, new listing activity slowed significantly in February with only 22 new properties coming to market. This represents the lowest new inventory level since Nov 2017. The price point of February’s new listings were also lower than usual, with 8 condos hitting the market priced under $500,000. As a result, the average list price dropped to $1.4 million and the median list price dipped below $1 million for only the third time in the past year. Many of the new entry level condo listings are located in the Virginian Village development, located next to the library in Town. Newly remodeled, 1 bedrooms start at $309,000 and two bedrooms start at $410,000. Of the 8 new condos that hit the market in February, 7 of them are already under contract, illustrating the high demand for this entry level price point. Only 4 new listings came on in the $500,000 – $1 million range, including two 2-bedroom condos in the Aspens and Teton Village. Five lots hit the market in February including a rare single family lot in The Aspens, priced at $945,000.

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$31,824,999

New Listing Volume

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18

Residential Listings

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$1,446,591

Average List Price

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$997,500

MEDIAN LIST PRICE

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36%

Under $500,000 Price Point

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10

Listings above $1M

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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.