new listings jackson wy Archives - Katie Brady Real Estate

2019: April New Listings in Jackson Hole

May 8, 2019/in Market Reports, Uncategorized/by Molly Stewart

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.

2019 Q1: New Listings in Jackson Hole

April 14, 2019/in Market Reports, Uncategorized/by Molly Stewart

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.

2019: March New Listings in Jackson Hole

April 12, 2019/in Market Reports, Uncategorized/by Molly Stewart

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.

New Listing :: Remodeled Top Floor Condo in Teton Village

March 15, 2019/in Featured Listing, Featured Listings, Uncategorized/by Molly Stewart

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.

2019: February New Listings in Jackson Hole

March 9, 2019/in Market Reports, Uncategorized/by Molly Stewart

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.

2019: New Listings in Jackson Hole

February 7, 2019/in Market Reports, Uncategorized/by Molly Stewart

The New Year was off to a very strong start from an inventory perspective too, as 55 new listings hit the market in January. Unusually high for this time of year (Jan 2018 saw only 39 new listings), January saw the most new listings since Aug 2018. Dollar volume of the new inventory topped $100 million for the second month in a row. After peaking at nearly $2 million in Dec 2018, the median list price dropped back down to $1.12 million in January, closer to typical levels seen in 2018. The average listing price also dipped after a high of nearly $3.3 million in December (thanks to several high end listings entering the market in late 2018). While a similar number of new high-end listings ($3+ million) entered the market in January (11 vs 12 in Dec 2018), the “local’s market” saw the largest surge in inventory as 22 new properties came onto the market. This is the highest level of new inventory seen in this price point since Aug 2018 – great news for local buyers, who struggled with limited available inventory for much of 2018.

New Listing :: Two Bedroom Townhome in Town

January 27, 2019/in Featured Listing, Featured Listings, Uncategorized/by Molly Stewart

This two bedroom townhome boasts one of the best locations in the Clusters development, with a south facing deck taking in up-close views of Snow King Mountain.

Vaulted ceilings, extra windows and a skylight create a bright and open feel, while the gas stove makes for cozy winter nights. Feel at home with many upgrades including pine hardwood floors and new stainless steel appliances.

Enjoy access to a large grassy common area, perfect for yard games and dog exercise. There are two dedicated off-street parking spots in addition to the one car garage, which includes extra lofted storage.

Conveniently located in central Jackson adjacent to Powderhorn Park and within walking distance to the post office, grocery store, coffee shop and restaurants, and the START bus stop.

New Listing :: 4 bedroom home in Wilson

October 27, 2018/in Featured Listing, Featured Listings/by Molly Stewart

Cozy yet inviting 4-bedroom home in an ideal location on the quiet end of West St in downtown Wilson. This home exudes “old Wilson charm” with hardwood floors, a wood burning stove, and a private fenced backyard with mature Aspens trees backing up to the open space of the Old Wilson Schoolhouse.

Large master bedroom has high vaulted ceilings with skylights, a large walk in closet and second story office loft. The bright sunroom with large south facing windows collects warm sunlight throughout the fall/winter months.

Just a short walk to downtown Wilson amenities including Pearl St Bagels, Wilson Backcountry Sports and the famous Stagecoach bar. No HOA or CC&Rs.

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.)

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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.)

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Tag Archive for: new listings jackson wy

What happened in April?

New Listings

$64,900,500

New Listing Volume

33

Residential Listings

$1,582,939

Average List Price

$1,100,000

MEDIAN LIST PRICE

7%

under $500K Price Point

4

Listings over $3M

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 Listings – What’s New?

$1,891,549

AvERAGE LIST PRICE

$213,744,999

LIST PRICE Volume

Market Analysis

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.

What happened in March?

New Listings

$62,239,000

New Listing Volume

30

Residential Listings

$1,728,861

Average List Price

$1,322,500

MEDIAN LIST PRICE

55%

Over $1M Price Point

10

Listings below $500K

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, 2 bathroom condo with 1 car garage

Property Details

What happened in February?

New Listings

$31,824,999

New Listing Volume

18

Residential Listings

$1,446,591

Average List Price

$997,500

MEDIAN LIST PRICE

36%

Under $500,000 Price Point

10

Listings above $1M

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.

What happened in January?

New Listings

$119,681,000

New Listing Volume

49

Residential Listings

$2,176,018

Average List Price

$1,122,500

MEDIAN LIST PRICE

50%

Under $1M Price Point

11

Listings above $3M

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 :: Updated Townhome with Garage in Town

Property Details

New Listing :: Cozy 4 bedroom home in downtown Wilson

Property Details

PUBLIC OPEN HOUSE

Wednesday Oct 31

10:00am – 1:00pm

1460 West Street, Wilson WY

Taxes: $5,662.36/year

No HOA or CC&Rs