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Teton Village: 2011 Sales Breakdown

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Big dollar sales in Teton Village tilted the value of Jackson area real estate favorably in 2011 with condos being the dominate property type. However, single-family and vacant land gave an average of over $1 million with a combined total of $18,350,000 between seven sales.

Single-Family: 4

Single-family homes accounted for $14 million in Teton Village among four sales. Valley-wide, list prices for 223 homes on the open market averaged $3.1 million when these numbers were compiled at the beginning of the year. Considering that list price is commonly higher than the actual sold price in this market, a “sold” average of $3.5 million for 2011 in Teton Village is good news for existing homeowners.

Condo/Townhome: 46

Despite the 33% decline of the average sale price settling at $998,543 by year’s end, 2011 sales are up 70% compared to 2010 with a total of 46 sales–one of which being the most expensive condo sale of $3.1 million for a 3 bedroom/3.5 bath at the Four Seasons.

Lots/Vacant Land: 3

If there’s one thing man cannot make more of, it’s land. Land in Teton Village supports how valuable dirt can be with only three sales accumulating $4,350,000. Two of the lots were additions in Jackson Hole Ski Corp. while the third wheel was in Granite Ridge.  Average for vacant land was an impressive $1,450,000.

Condo sales proved Teton Village to be a hot spot with the total sales being up by 70%. However, unlike the 61 condo sales in The Town of Jackson for 2011, Teton Village might not be as much of a “hot spot” for investors with an average sale price of $998,543 among the 46 total transactions. On the contrary, compare those 46 condo sales with only four single-family homes and three lots (one in the Granite Ridge subdivision and two in Jackson Hole Ski Corp.) totally over $18 million.

Jackson Hole Real Estate Assoc Top 12 for 1/4

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Take a look at our Top 12 Listings with Jackson Hole Real Estate Associates | Christie’s International Real Estate.  To view listing details, copy and paste the MLS number into the appropriate field on the real estate search page where you’ll get more photos, listing details and mapped location (View .pdf)

Crescent RanchCrescent H Ranch – List Price $5,750,000

Abundant wildlife, forested hillsides, meadows, the stream and pond create a sense of harmony and privacy on this 35 acre parcel. The cabin rests in an awe inspiring setting with serene views of The Grand Tetons, Sleeping Indian and the Jackson Hole Valley. Premier fly fishing on multiple rivers and Creeks. MLS #09-1237

Little Horsethief Masterpiece – List Price $3,375,000

New Construction. Between the acreage, mountain vistas and exceptional improvement, this is a spectacular 4 bed/8 bath property. The custom highend finishes, stonework, electronic package, home theatre, multiple fi replaces, pond, huge pantry,
professional kitchen are unmatched. MLS #11-412

Ski-in Granite Ridge Lot – List Price $1,650,000

This beautiful .63 acre lot in Granite Ridge is nestled in a mature forest adjacent to the ski trail and open space. Perfect home-site for a cabin in the woods or vacation retreat. This exceptional lot is within walking distance to Four Seasons and other resort amenities. MLS #11-97

Elegant Lodge Masterpiece – List Price $1,500,00

Nominated for the 2012 Historical Preservation Award, this architecturally significant, historical lodge exudes sophistication & elegance in the heart of Jackson Hole. The home offers 3,332 sqft of extensive one level living including a magnificent grand lodge room. MLS #11-292

Cove Townhome in the Aspens – List Price $850,000

This Cove townhome has one of the best locations in the Aspens. Bordering the Vandewater Ranch with beautiful open views to the Teton Mountain Range. 3bd, 3.5 ba, garage, and completely furnished. Short term rental. MLS #11-2931

4.5 Acre National Park Inholding – List Price $725,000

Enjoy the solitude of this cabin in the woods. Remodeled cabin located on 4.5 acres in the Pacific Creek area, a Grand Teton National Park inholding. This lot is just a short walk from Pacific Creek, National Forest, and National Park. Plenty of room to build a custom home. MLS #11-2177

Lowest Priced Bar-B-Bar Lot – List Price $550,000

Excellent building site located in the Bar-B-Bar subdivision near the Golf & Tennis Resort. This lot has great Teton and Sleeping Indian views and is backed by dedicated open space. This lot is priced to sell! MLS #11-2369

Rare Clark’s Knoll Opportunity – List Price $545,000

Attractive 4 bd, 3 ba furnished townhome with attached 2-car garage is well-located within steps of Snow King Resort. Lock-off provides owner’s private apartment or additional rental potential. MLS #11-2522

Great Opportunity in Victor – List Price $350,000

This quality 4 bed, 3 bath, 2400 sq ft home lies on a professionally landscaped 1.55 acres with views and privacy. Complete remodel and addition in 2006 provide for a great floor plan and a fresh look. Conveniently located close to Teton Pass. MLS #11-2857

Spotless 3Br Home on 1.85ac – List Price $250,000

This is a meticulously maintained 3Br, 2Ba home on 1.85 acres . The Great room has a cathedral ceiling and cozy fi replace. The master suite can be located either upstairs or downstairs (Your Choice). Nice eat in kitchen with large pantry. MLS #10-1868

9.32 Acres in Alta, WY – List Price $225,000

ONLY $24,141 /acre!! This fabulous 9.32 acre lot in Spring Creek Farms, Alta, WY is ready to build. Enjoy wonderful long distance views from the building site next to the creek. Horses permitted. Use of common barn controlled by the HOA. Listing agent is part owner. MLS #08-2813

Teton RanchTwo Weeks at the Teton Club – List Price $21,900

Only the finest finishes fill this fractional ownership private residence club. A carefully planned resort surrounded by all of the conveniences and amenities at Teton Village. Ski-in/ ski-out, Sena Spa, Member’s Lounge, underground parking, you have arrived at THE TETON CLUB. MLS #10-2034

Jackson Hole Real Estate Assoc Top 10 for 12/28

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Take a look at our Top 10 Listings with Jackson Hole Real Estate Associates | Christie’s International Real Estate.  To view listing details, copy and paste the MLS number into the appropriate field on the real estate search page where you’ll get more photos, listing details and mapped location (View .pdf)

Gorgeous 100 Acre Ranchland List price $9,950,000

Stunning 100 acre property at the historic Jenkins Ranch just 10 minutes from town. Features mountain views, pastureland, mature forests, and  fishable streams. Perfect as a gentleman’s ranch or family retreat, this ranch supports livestock and a lush habitat for wildlife. MLS# 10-3077

Granite Ridge HomeStunning New Granite Ridge Home – List price $9,500,000

Finished in 2010, this completely custom home is stunning in all respects. Frame-built with chinked timber & stone siding; accented with Douglas fir logs. Artisan finishes throughout. Extraordinary custom furnishings included. 7,302 sq. ft. MLS# 11-2346

Beautiful Teton Views

Just minutes from the Jackson town square, world-class skiing & championship golf, this unique horse-property offers both privacy & convenience as well as stunning views to the south, north, & west. The lovely mountain home features 6,261 square feet on 20 secluded acres adjacent to conservation property.

Dorsey Creek Ranch – List price $2,220,000

A working farm/ranch with almost a mile of the Greybull River through it. 300+ acres irrigated, 200+ sub irr/drip. USDA certified organic farm, with 3400 ft. airstrip and a 137 lot residential subdivision surrounding the farm. Shop, sub irrigation equip., etc. MLS# 11-2255

Snake River RetreatSnake River Retreat – List price $1,385,000

Spectacular custom mountain home on the banks of the world renowned South Fork of the Snake River in Swan Valley, Idaho. 4000 sq ft. has 4 bed/4-1/2 baths on 2.86 acres. Year round access to world-class fly-fishing. Jackson & Targhee 60 miles away.   MLS# 10-2274

Henderson Canyon Retreat – List price $595,000

You can own a log home in the trees, adjacent to National Forest. The elevated, hillside 15-acre parcel offers privacy & seclusion. The multilevel 3 BR 3 BA log home is a mountain lodge style with modern conveniences. The detached, oversized garage has a 1 bedroom apartment above.  MLS# 10-3075

Retail, Storage or Manufacturing – List price $569,000

Ideal highway frontage North of Thayne, 4,220 sq. ft. of office/retail, 10,000 sq.ft. warehouse with a 2,280 sq. ft. mezzanine. The building is free-span for machinery/equipment placement.  MLS# 09-596

3 Bedrooms plus a Garage for under $350k! – List price $349,000

This townhouse has it all-a first class remodel, plenty of storage, and a huge eat-in kitchen. You’ll love the remodel which features hardwood floors, new appliances/lighting/windows and so much more. With an open floor plan, three bedrooms, and a garage, you’ve finally found a well-designed, comfortable, AND affordable place to call “home”. MLS# 11-2580

Aspens Condo at a Great Price – List price $265,000

Nicely remodeled one bdrm. Aspens condo. Hardwood floors, granite counter tops, a stone fireplace and secluded deck are a few of the features. Minutes from the JH Ski Resort, you are also close to The Aspens Market, restaurants, shops, bike path and Start Bus.  MLS# 11-2592

Star Valley Condo Storage Unit – List price $39,500

Star Valley Storage provides a place to store your RV, trailers or business materials in a convenient location. Electricity and heater will keep your belongings warm in the winter. 12 ft wide by 14 ft high insulated door, 15 ft wide by 50 feet deep interior. MLS# 11-213