Star Valley, Wyoming 2018 Year-End Market Report

The Star Valley, Wyoming real estate market maintained steady growth throughout 2018. Transactions were up 6% over the previous year, and total dollar volume for the entire market grew 7% to $157,283,235. Average sale prices increased a modest 1%, and median prices rose 8%.

Inventory remained low, falling 7% compared to 2017 for the entire market, and 17% in the single-family segment. VIEW REPORT >>

Teton Valley, Idaho 2018 Year-End Market Report

The Teton Valley, Idaho market saw continued growth in 2018, with both the number of transactions and total dollar volume increasing by about 10%. The average sale price and median sale price increased 7% and 2%, respectively, compared to the prior year.

The growth in average and median sale prices reflects the area’s high demand, which is even more pronounced in specific categories. In the single-family home segment, for example, the average sale price increased 14% and the median sale price grew 16%. Those gains, as well as growth in the building site segment, are due in large part to low inventory, which fell 12% overall in 2018. VIEW REPORT >>

 

We are excited to share our 2018 with you. From luxury listings to adventure travel, 2018 was a remarkable year for us. Please enjoy our year in review video and view 2018 year-end market report. Thank you to everyone that supported us in 2018. We can’t wait to see what’s in store for 2019! Please reach out if you have any questions about Jackson Hole real estate.

Owing largely to new technologies, the fitness industry has evolved more over the past five years than it has over the previous century. Newcomers like Peloton, Tonal and MIRROR – which combine equipment with virtual classes and instruction – are driving a shift towards home gyms. And both health devotees and casual users alike are picking up the trend.

This reemergence of the home gym and wellness sanctuaries has steadily curbed demand for traditional club and studio memberships. Why go to the gym when you can get the same quality workout in from the comforts and privacy of your own home?

In 2019, technology-enriched in-home fitness experiences are the top trend for luxury home gyms, creating endless opportunities for those looking to stay healthy without leaving their house. From on-device embedded screens to casting popular fitness apps on your big screen, streaming your favorite yoga, cycling and other classes into your home can afford users a whole new realm of fitness options.

These advances in technology also make building a home gym less of a chore. One needs only minimal equipment to have an efficient home gym, which, in turn, frees up time and space for other mindful pursuits – like yoga and meditation, which are the second biggest luxury fitness trend this year. In addition to a good workout, more and more individuals want a holistic, spa-like experience built into their home gym.

Advanced lighting and temperature controls make the list as the third luxury home gym trend for 2019. Consumers want special lighting for different times of day, and heating and cooling depending on the activity. Increasingly, wellness-minded homeowners are installing infrared heating systems for yoga or meditation, coupled with the ability to quickly cool the space for fitness and cardio activities.

When you’re building or remodeling your luxury home gym, selecting the right equipment is key. To do so, it’s essential to consider the unique fitness goals for each family member who will use the space. Some equipment can be used in multiple ways, whereas others can box you into more singular uses.

Also, consider how much space you have to work with. Are you building a dedicated room or just looking to add equipment to an office or garage space?

Finally, consider your budget. Home gyms can be set up for a few hundred dollars with small ancillary pieces of equipment that are portable and easy to store. On the other side of the spectrum, luxury wellness sanctuaries can cost significantly more. Whatever your budget and space, a modern and functional luxury home gym is no longer the burden it once was.

If you have questions about designing and building your dream home gym, we are happy to assist with a complementary consultation. We provide health and wellness services through Jackson Hole Real Estate Associates/Christie’s International Real Estate’s Chief Wellness Officer, a service offered exclusively to our clients. Contact us for more information.

Christie’s International Real Estate looks at the ways in which classic and emerging ski destinations continue to evolve in order to retain or gain their high-altitude rankings. Presenting what is new and notable at top mountain resorts with insider perspectives from our mountain destination affiliates. Christie’s looks at the lifestyle—après ski yurts serving champagne, private chefs, and the highest altitude fine dining on the planet. The slopes—from Hail Mary drops to groomed gliders—are reviewed, as is each property market. Plus, exclusively on Luxury Defined, we have compiled data from top resort locations about ski run difficulty and how many acres of skiable terrain can be found at each luxury ski destination.

Their finds show lack of inventory is fueling strong seller’s markets:

• In Sun Valley saw average sale prices rise 7% with active listings down 4%.
• In Telluride, lack of finished inventory in town sent land sales soaring 70-85% as buyers opted to “build to suit.”
• Jackson Hole and the Nevada side of Lake Tahoe continue to attract buyers drawn by the most welcoming of tax laws in the U.S.
• Canada, while popular, remains an international value proposition. Blue Mountain posted 43 sales so far in 2018 over C$1,000,000 with only three exceeding C$3,000,0000.

Given the dual trends of remote workplaces and ski resorts morphing into four-season communities, almost all have reported an uptick in full-time residents especially for parents looking to raise their children with an active outdoor lifestyle.

EXPLORE THE FULL 2019 LUXURY SKI REPORT >>

 

*Article courtesy of Christie’s International Real Estate Luxury Defined blog.

 

 

We are pleased to present the Catalog of Fine Properties and Lifestyle for Winter and Spring, 2018-2019. Inside you will find a collection of the region’s premiere homes and properties, as well as a look at the organizations, people and lifestyles that make Jackson Hole and the surrounding communities unique. View Catalog >>

Whatever your needs, we welcome the opportunity to explore the Teton region’s real estate market with you. Please reach out if you have any area, market or real estate questions.