(This story originally appeared in Jackson Hole Golfer Magazine, available now throughout Jackson Hole or by request)
Golf properties in Jackson Hole remained a very vibrant and significant percent of the real estate market during the year ending in Spring 2016, with 32 residential sales for approximately $105 million in sales volume. Teton Pines recorded the most sales, according to Teton County Multiple Listing Service, with 16 closed transactions, followed by Shooting Star with 7 sales and Jackson Hole Golf & Tennis with 6.
Overall, the residential golf home market increased approximately 26 percent in sales volume, despite reporting just one more transaction. Top sales driving the significant bump in sales volume include:
- 3 Creek Ranch 5-bed, 7-bath, 6,638-square-foot custom home on 2.4 acres listed by 3 Creek Ranch Real Estate for $14.9 million.
- Shooting Star in Teton Village 6-bed, 5,698-square-foot home on 2 acres listed by Clear Creek Group for $10.55 million.
- Teton Pines 5-bed, 5,535-square-foot home on about three-quarter acres built in 2014, listed by Jackson Hole Real Estate Associates for $4.95 million.
- Snake River Sporting Club 5-bed, 5,824-square-foot home on about a half an acre built in 2012, listed by REMAX Obsidian Real Estate for $2.5 million.
The top sale in Jackson Hole Golf & Tennis in the year prior to May 1 was a 3-bed, 2,057-square-foot “cabin” listed by Jackson Hole Sotheby’s International Realty for $1.395 million.