The days are getting shorter and the nights are getting cooler, but we are not ready to say goodbye to summer just yet. And what a summer it has been! We have had a very busy past few months and wanted to share some of our new listings and summer highlights. On a personal note, we are happy to announce that Team partners Collin Vaughn and Laurie Huff are married! The couple celebrated with friends and family in Tuscany, Italy at the end of May.
In early August, Jackson Hole Sotheby’s International Realty welcomed the agents of Obsidian Real Estate, Jackson Hole to the brokerage. The merger of the two firms totals the number of real estate agents at Sotheby’s to about 125 at 12 offices in the area, giving Sotheby’s the largest sales force in Wyoming. JHSIR could not be happier with this transition; it brings more experience, increases market share and increases the brokerage’s presence around the valley.
Mid-Year Market Report
2017 in Jackson Hole is off to a wonderful start from a real estate perspective. Market highlights include an increase in average sales price by 5%, total dollar sales volume increasing by 13%, and unit sales volume jumping by 10%. These overall statistics indicate consistent, steady growth in our market. Certain sub-markets have thrived, particularly the single family market. We have seen unit volume stay relatively flat with a modest 2% increase compared to 2016, but both average sales price and median sales price have increased 22% and 7%, respectively. Total dollar sales volume is up 23% in this market segment. All of these trends indicate an improving single family market.
The vacant land sub-market has seen a dramatic increase in transactions, up 30%, while the total dollar sales volume and average sales price both fell, 6% and 30% respectively. This tells us that larger tracts of land have not traded as frequently as those smaller, single family plots in 2017.
Westbank Living – 2 fantastic Wilson homes
Commonly know as the “West Bank,” Wilson lies on the west side of the Snake River and is one of the most idyllic places to own real estate. With a quieter, local population of around 1,700, Wilson offers a range of neighborhoods spanning from the Aspens and Teton Pines to John Dodge, Crescent H and beyond.
6 BD | 5.5 BA | 8,705 SF | 2.9 AC
Located 20 minutes from Teton Village and 2 minutes from the town of Wilson, this pristinely landscaped property overlooks Fish Creek Ranch up to the Sleeping Indian. High end finishes and quality materials were used throughout.
Fish Creek Ridge: $5,200,000
5 BD | 5.5 BA | 4,923 SF | 2.24 AC
The design of this newly constructed sanctuary overlooking Fish Creek and the Sleeping Indian is in keeping with today’s favored contemporary style: a dark metal roof, barn wood siding, sleek interior lines and high end finishes.
On Monday, August 21st, 2017 a total solar eclipse occurred directly above Jackson, Wyoming. At approximately 11:35am the Moon passed in front of the Sun blocking out the majority of the Sun’s light.This eclipse was rare in that it passed over the United States, spanning a distance from the coast of Oregon to the opposite coast on South Carolina, with Jackson in the path of totality. This was truly an amazing experience that drew scientists, astronomy fans, families, photographers and people from across the country and world to Jackson Hole.
Fall Arts Festival
September 6-17, 2017
The Jackson Hole Fall Arts Festival is recognized as one of the premier cultural events in the Rocky Mountain West. Art enthusiasts are drawn to the area each year to experience Jackson’s diverse artwork and beautiful natural surroundings. Visitors will appreciate the works of nationally and internationally acclaimed artists, including this year’s featured artist, Mark Keathley. More than fifty art, music and cuisine events round out the 33rd annual festival. Full schedule here.