Three quarters of the way through 2022 the Jackson Hole Real Estate Market continues to show signs up strength.
Inventory is showing signs of leveling out, up 5% month over month. Inventory has increased significantly since the spring, up 180% since May. While we traditionally see a seasonal increase in listings May-July this is larger than historical averages. With that being said, the number of current listings is still historically very low, at 62% of the market average.
Pending properties have increase 44% month over month. This is a good sign that the new listings are being absorbed and not stacking up. Listings are the crystal ball of a real estate markets direction. If listings were increasing, and sales were not, that is an unhealthy sign. The fact pending sales are increasing is a healthy sign.
Sales are also trending up, increasing 29% month over month.
Overall the Jackson Hole Real Estate market still very healthy, and continues to be faring much better than other national real estate markets.
For a more in depth discussion, or for a more specific to you run down of the Jackson Hole Real Estate Market please do not hesitate to reach out.
The new winter Jackson Hole flight schedule is here, and getting to Jackson Hole has never been easier. Delta, United, Alaska and American Airlines offer direct flights from 15 cities into Jackson Hole. Seattle, San Francisco, San Jose, Los Angeles, San Diego, Houston, Dallas, Salt Lake, Denver, Minneapolis, Chicago, Atlanta, Charlotte, La Guardia and Newark round out the options.
If you are planning a winter visit to Jackson Hole, there are some important things to know in advance. To make the skiing experience safer for Jackson Hole visitors, the Jackson Hole Mountain Resort has implemented a policy requiring advanced ticket sales. To purchase tickets or to see if there are available tickets, please go to JacksonHole.com.
As always, please let us know if we can be of any help with recommendations for activities, lodging or restaurants. We are happy to help and hope to see you this winter.
We are pleased to announce a new 20 unit modern luxury townhome development in the Town of Jackson located on the corner of Gill and Glenwood in the heart of downtown Jackson Hole.
The project is located just a block from the Jackson Hole Town Square. Owners will enjoy beautiful design, access and ease of ownership all close to superb restaurants, our award winning hospital, airport and Jackson Hole’s world class recreation.
The townhomes have been thoughtfully designed to provide the utmost in luxury and convenience for the Jackson Hole Lifestyle. All units have private underground parking and a private mudroom off the parking level with sink and washer dryer. There is first floor living with bedrooms on the 2nd and the 3rd floor and a private roof top deck.
Three outstanding layouts that maximize natural light throughout. Sizes range from 2,700 to 3,150 square feet and are configured as 3 bedroom, 2.5 bath layouts or 3 bedroom, 3.5 bath.
There is the option to rent short term on certain of the units if income potential is of interest. There are also units with elevators.
The Glenwood is located just minutes from the National Elk Refuge, Cache Creek, Snow King Mountain, 10 minutes from Grand Teton National Park, 15 minutes from the Jackson Hole Mountain Resort and a sundry of other recreational opportunities for which Jackson Hole is famous.
Jackson Hole is 97% public land as we are protected in one way or another by national forest, national park, BLM and other public lands. Zoning for new development opportunities like this one are scarce. The Town of Jackson is bounded to the north by the National Elk Refuge and the east and south by national forest creating a small, scenic recreational paradise.
Wyoming is consistently ranked by Bloomberg’s as the number one tax climate in the United States as we enjoy no state income tax – either personal or corporate, low property taxes, sales tax and more. We are happy to provide more details for you to discuss with your accountant.
For more information on this outstanding project, please reach out or visit http://www.theglenwoodjh.com
GRANITE RIDGE is proof that Jackson Hole real estate residential development and a conservation mindset can go hand in hand. The 80-acre development is near two of Jackson Hole’s crown jewels: Grand Teton National Park to the north and Jackson Hole Mountain Resort to the west. Granite Ridge was developed by one of Jackson Hole’s ranching families, who believed that the area’s scenic beauty should be available for the public’s enjoyment, not just for homeowners’ pleasure. The family demonstrated their respect for the terrain by protecting the open spaces and preserving natural assets, including mature stands of spruce, fir and aspen.
The Granite Ridge community is a mix of single family homes and town homes offering ski-in, skiout access to the Jackson Hole Mountain Resort’s Teewinot lift.
The construction of homes has proceeded carefully, with an eye to saving as many trees as possible. Where cutting was necessary, the developers followed up by planting young indigenous trees and wildflowers.
Granite Ridge’s environmentally sensitive design, its proximity to the ski area and to Grand Teton National Park, and its access to Teton Village’s restaurants all combine to serve as a natural draw for outdoors-oriented families who want to be part of a vibrant mountain community. A one percent transfer fee on every sale of every Granite Ridge home is donated to the Jackson Hole Land Trust, a nonprofit organization whose mission is to protect land with exceptional scenic, wildlife and ranching values. Granite Ridge sales have already contributed more than a million dollars to the Land Trust, continuing a legacy that reflects the community’s values.
Jackson Hole offers skiers of all abilities access to 2,500 acres of terrain with over 133 named trails. Whether you are seeking steep chutes, endless powder turns, or groomers, Jackson Hole has it all for skiers and snow boarders.
Located at the base of the world famous Jackson Hole Mountain Resort is Teton Village Wyoming. Teton Village offers visitors and residents a true resort experience, with skiing and riding, shopping and dining out your back door. Within Teton Village you can find all types of ski in ski out real estate, from condominiums to town homes and single family homes.
Today I will highlight a very popular type of Jackson Hole Ski In Ski out Real Estate, condominium hotels. There are four condominium hotels at the base of the Jackson Hole Mountain Resort, The Jackson Hole Four Seasons, Hotel Terra, The Teton Mountain Lodge and the Snake River Lodge and Spa. All of these properties offer different size and price ranges, and all have distinct personalities allowing buyers to select which property fits their needs best.
Four Seasons Resort and Residence Jackson Hole is located on a slopeside, ski in ski out, five-acre site and is reminiscent of the historic Western vernacular architecture of Wyoming. All residential units are connected to the Resort for easy accessibility to Four Seasons services and amenities.
Hotel Terra is a ski-in/ski out hotel in Jackson Hole Mountain Resort in the heart of Teton Village. Named Wyoming’s Best Hotel by Conde Nast, Hotel Terra provided a mountain modern ski experience.
Teton Mountain Lodge is a luxurious resort in Teton Village, situated slope side to the legendary Jackson Hole Mountain Resort. Appointed with elegant and luxurious western décor and interior styling, including reclaimed structural fir timbers in the lobby, hardwood floors, and fine furnishings throughout the Lodge
Snake River Lodge and Spa Situated at the base of the Jackson Hole Mountain Resort in the heart of Teton Village, just 300 feet from the world famous aerial tram. The Snake River Lodge and Spa has beautifully appointed traditionally designed suites.
There are currently no listings available in the Snake River Lodge and Spa.
Currently there are thirteen listings of Jackson Hole Commercial Real Estate. These listings span all types of commercial real estate, including Office, Retail and Restaurant, Multi Family, Hotel and Hospitality and Land.
My favorite commercial property currently listed can be found in Wilson Wyoming at Osprey Landing. These properties all have tenants in place, so they are perfect for investors looking for a solid rate of return in a property constricted market. In addition these properties have plenty of parking and excellent street frontage located on the road to the Jackson Hole Mountain Resort. Please reach out to me for a proforma on these properties.
If you are looking for a development property, then the best current listing is 180 Center Street. Located 1/2 block off the world famous Jackson Hole Town Square this property is zoned one of the highest densities in Jackson Hole, Town Square (TS). This zoning supports more than 32,000 sq.ft. of above-grade improvements and hosts a variety of uses including lodging, retail, restaurant and office space. The property also includes substantial parking and workforce housing credits which are a nuance to the Jackson Hole Commercial Real estate market but crucial for any redevelopment piece in Jackson Hole to pencil out and make financial sense. Let me know if you would like more information or a proforma for this property.
The Jackson Hole Commercial Real Estate market is highly disorganized, with the majority of transactions happening outside of MLS. In a niche commercial real estate market like Jackson Hole experience and connections are what matters most. Please call or email me today for a tailored search of both on and off market Jackson Hole Commercial Real Estate Listings. Let me put my 20 years of experience to work for you – Bill
Greetings from Jackson Hole!
The Jackson Hole Real Estate market is 3/4 of the way through 2019. Fall has come to the Tetons. The nights are cool and crisp and the days are full of sunshine. Although there is a hint of winter in the air with snow is starting to accumulate in the high country the golf courses, rivers and trails are still in peak form.
Q3 of 2019 was robust in sales, both the in number of and total dollar volume. At the end of Q2 we were well off the pace of last year. At the end of Q3, we are much closer to the record breaking 2018 numbers.
Dollar Volume was up 2% from Q3 2018 and up 39% from Q3 2017.
Total Dollar Volume for Q3 2018 was 110% of the 5 year quarterly average.
Year to Date Dollar Volume is down 5% from 2018.
With Direct Flights from Seattle, San Francisco, Los Angeles Dallas, Houston, Minneapolis, Chicago, Laguardia, JFK and Newark it is easy to understand Jackson Hole has the best air service of any Rocky Mountain Resort. Below please find the specific schedule for each city.
|Winter Inbound Non-Stop Jet Service|
|Delta||757||10:05am||12:21pm||Daily||12/21/19 to 1/5/20|
|Delta||757||9:40am||11:55am||Sat||1/11/20 to 2/15/20|
|Delta||321||9:50am||11:54am||Daily***||2/16/20 to 3/29/20|
|Delta||757||4:25pm||6:34pm||Sat||1/25/19 to 2/29/20|
|United||320||10:05am||12:12pm||Daily||12/4/19 to 1/9/20|
|United||737||7:15pm||9:25pm||Daily||1/10/20 to 2/14/20|
|United||320||10:05am||12:12pm||Daily||2/15/20 to 4/2/20|
|American||319||9:50am||12:10pm||Daily||12/18/18 to 4/6/19|
|American||319||11:11am||1:05pm||Daily||12/1/19 to 4/12/20|
|American||319||6:05pm||8:55pm||Daily||12/18/19 to 1/6/20|
|American||319||6:50pm||8;55pm||Daily||2/15/20 to 4/4/20|
|United||E7W||9:00am||10:30am||Sat/Sun||12/21/19 to 3/29/20|
|United||319||9:50am||11:29am||Daily||12/1/19 to 12/18/19|
|United||E7W||9:50am||11:29am||Daily||12/19/19 to 1/9/20|
|United||319||11:33am||1:12pm||Daily||1/10/20 to 2/14/20|
|United||319||9:50am||11:29am||Daily||2/15/20 to 4/12/20|
|United||319||7:15pm||8:45pm||Daily||12/1/19 to 12/18/19|
|United||CR7||7:15pm||8:45pm||Daily||12/19/19 to 1/9/20|
|United||319||7:15pm||8:45pm||Daily||1/10/20 to 3/6/20|
|United||CR7||7:15pm||8:45pm||Daily||3/7/20 to 4/12/20|
|United||E7W||3:40pm||5:19pm||Daily||12/19/19 to 4/2/20|
|United||737||9:40am||12:15pm||Daily||12/19/19 to 1/19/19|
|United||737||9:40am||12:15pm||Sat/Sun||1/25/20 to 3/29/20|
|JFK- New York|
|Delta||757||8:05am||11:27am||Sat||12/21/19 to 3/28/20|
|LGA- New York|
|American||319||10:45am||1:55pm||Sat||12/21/19 to 1/4/20|
|American||319||10:35am||1:45pm||Sat||2/15/20 to 3/28/20|
|United||737||10:35am||1:45pm||Daily||12/19/19 to 4/2/20|
|American||CRJ-700||11:30am||2:59pm||Daily||12/18/19 to 1/6/20|
|American||CRJ-700||11:30am||2:59pm||Daily*||1/9/20 to 4/6/20|
|Delta||CRJ-700||8:15am||11:49am||Daily||12/21/19 to 1/5/20|
|Delta||CRJ-700||9:26am||12:45pm||Sat||1/11/20 to 3/28/20|
|United||CRJ-700||3:20pm||6:55pm||Daily||12/19/19 to 4/2/20|
|Delta||319||11:16am||1:01pm||Daily||12/21/19 to 1/5/20|
|Salt Lake City|
|Delta||CR7||9:30am||10:39am||Daily||12/21/19 to 3/29/20|
|Delta||319||11:15am||12:21pm||Daily||12/1/19 to 4/12/20|
|Delta||319||8:15pm||9:29pm||Daily||12/1/19 to 4/12/20|
|United||CRJ-700||10:40am||1:55pm||Daily||12/19/19 to 2/14/20|
|United||CRJ-700||12:13pm||3:25pm||Daily||2/15/20 to 4/2/20|
|United||CRJ-700||5:00pm||8:55pm||Daily||12/19/19 to 1/9/20|
|United||CRJ-700||5:34pm||8:53pm||Daily||2/15/20 to 4/2/20|
|Delta||CRJ-700||9:33am||12:40pm||Daily||12/21/19 to 1/5/20|
|Delta||CRJ-700||10:36am||1:37pm||Sat||1/11/20 to 3/28/20|
|Winter Outbound Non-Stop Jet Service|
|Delta||757||1:19pm||6:57pm||Daily||12/27/19 to 1/5/20|
|Delta||757||12:55pm||6:34pm||Sat||1/11/20 to 2/15/20|
|Delta||757||12:55pm||6:43pm||Daily***||1/25/20 to 29/19|
|Delta||757||8:00am||1:49pm||Sun||2/16/20 to 3/29/20|
|United||320||1:05pm||5:07pm||Daily||12/4/19 to 1/9/20|
|United||CRJ-700||1:05pm||5:07pm||Daily||1/10/20 to 2/14/20|
|United||320||1:05pm||5:07pm||Daily||1/10/20 to 2/14/20|
|American||319||12:50pm||5:04pm||Daily||12/18/19 to 4/6/20|
|American||CR7||12:55pm||4:41pm||Daily||12/1/19 to 4/12/20|
|American||319||17:02am||11:09am||Daily||12/19/19 to 1/7/120|
|American||CR7||7:02am||11:09am||Sun||2/16/20 to 4/5/20|
|United||319||8:20am||9:47am||Daily||12/1/19 to 12/18/19|
|United||CR7||8:20am||9:47am||Daily||12/19/19 to 1/9/20|
|United||319||8:20am||9:47am||Daily||1/10/20 to 3/7/20|
|United||CRJ-700||8:20am||9:47am||Daily||3/8/20 to 4/12/20|
|United||319||1:15pm||2:43pm||Daily||12/1/19 to 12/18/19|
|United||CR7||1:15pm||2:43pm||Daily||12/19/19 to 1/9/20|
|United||319||1:15pm||2:43pm||Daily||1/10/20 to 2/14/20|
|United||CR7||1:15pm||2:43pm||Daily||2/15/20 to 4/12/20|
|United||E7W||5:50pm||7:27pm||Daily||12/19/19 to 4/2/20|
|United||E7W||11:00am||12:27pm||Sat/Sun||12/21/19 to 3/29/20|
|United||737||12:51pm||5:05pm||Daily||12/19/19 to 1/19/20|
|United||737||12:51pm||5:05pm||Sat/Sun||1/25/20 to 3/29/20|
|JFK – New York|
|Delta||757||12:15pm||6:44pm||Sat||12/21/19 to 3/28/20|
|LGA – New York|
|American||319||2:40pm||9:10pm||Sat||12/21/19 to 1/4/120|
|American||319||2:40pm||9:10pm||Sat||2/15/20 to 3/28/20|
|United||737||2402pm||8:56pm||Daily||12/19/19 to 4/2/20|
|American||CRJ-700||3:35pm||5:10pm||Daily||12/18/19 to 1/6/20|
|American||CRJ-700||3:35pm||5:10pm||Daily*||1/9/20 to 4/6/20|
|Delta||CRJ-700||12:19pm||2:02pm||Daily||12/21/19 to 1/5/20|
|Delta||CRJ-700||1:45pm||3:11pm||Sat||1/11/20 to 3/28/20|
|United||CRJ-700||5:17pm||6:50pm||Daily||12/19/19 to 4/2/20|
|Delta||319||1:41pm||5:05pm||Daily||12/21/19 to 1/5/20|
|Salt Lake City|
|Delta||319||7:00am||8:23am||Daily||12/1/19 to 4/12/20|
|Delta||CR7||11:19am||12:42pm||Daily||12/21/19 to 3/29/20|
|Delta||319||12:59pm||2:19pm||Daily||12/1/19 to 4/12/20|
|Delta||319||3:10pm||4:15pm||Daily||12/1/19 to 4/12/20|
|United||CRJ-700||7:00am||8:43am||Daily||12/19/19 to 1/9/20|
|United||CRJ-700||7:00am||8:43am||Daily||2/15/20 to 4/2/20|
|United||CRJ-700||2:40pm||4:23pm||Daily||12/19/19 to 2/14/20|
|United||CRJ-700||4:04pm||5:43pm||Daily||2/15/20 to 4/2/20|
|Delta||CRJ-700||1:10pm||2:39pm||Daily||12/21/19 to 1/5/20|
|Delta||CRJ-700||2:33pm||4:06pm||Sat||1/11/20 to 3/28/20|
|*DL SLC Dec 24, Dec 25, Dec 31, Jan 1 no service|
|***DL ATL Feb 15-Apr 2, 20198 no Wed service|
|This schedule was updated October 12, 2018; flight times are likely to change|