1,686
Single-Family Homes

(1,677 + 9 ranch homes)

This represents all deeded “free-market” single-family homes. It includes 9 improved ranches parcels.

1,144
Deeded Townhome/Condos

This represents all deeded “free-market” townhome/condo’s on the Westbank.  It does not include fractional ownership (timeshare).

413
Single-Family Vacant Lots

This represents single-family zoned lots, that cannot be further subdivided.

72
Parcels with No Improvements under Conservation Easements

There are 140 parcels on the Westbank with some kind of conservation easement where most if not all is protected.  Currently the total acres under easement exceeds 7,500 acres, or 36% of the Westbank private property.

113
Commercial Deeds (developed & vacant)

• This includes commercial condos in the hotels at Teton Village and all of Westbank
• Vacant parcels – 5 Teton Village commercial-core and 2 in Wilson

65
Common Lots

(open space, school, public – cannot be developed)

21
Farm & Ranch Deeds
(20 with no homes & 1 dude)

This represents all Farm / Ranch deeds with no improvements. Some have conservation easements.

TOTAL DEEDS: 3,514 approx (Does not include fractional)

Total residential units: 3,464 approx.

1,686 deeded homes
+ 1,144 condo/townhomes
+ 470 vacant single-family lots
+164 West bank Managed by TCHA
Affordable ownership units: 80
Attainable units: 18
Rental units: 49
Habitat: 6
Trust: 11
=Total residential units on the Westbank: 3,464

Total Potential Single-Family Homes: 2,538

1,686 (existing) + 852 (projected additional homes) Note: this projection does not include: affordable housing units; accessory units (guest house and apartments)

*All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
* Does not include deed restricted affordable housing, fractional ownership, or Government leases.
* Although some homes are not yet reflected in the Teton County GIS, this number includes homes issued building permits through Q3 2016 permits.

Westbank Existing Residential Units & Projected Future Development
Existing & Platted Vacant Single-Family Parcels
413

• These are the vacant parcels that cannot be further subdivided.
• There are 124 of these lots that have potential of being held for privacy and/or to protect view corridors

Homes on Westbank with less than 1,000 SF
106

These parcels could use the existing homes as guesthouses, and still build a main house.

Potential Development of Large Parcels
333

• 50-acres as minimum under the new Teton County Comprehensive plan, before any subdividing can occur.
• This study does not explore the potential of transferring development credits to or from other parts of the valley.

Total Projected Additional Single-family homes: 852+ approx.
Total Potential Single-family Homes: 1,686 + 852 = 2,538 or an additional 51%

Note: this projection does not include: affordable housing units; accessory units (guest house and apartments).

 

Current Cost of New Construction + Current Property Prices

The average Westbank building permit valuation for a single-family home in 2016 was $2,184,133. The “valuation” value is just for construction cost, not the combined worth of the property and house. In 2016 the average Westbank home sale price was $2,498,245. NOTE: For homes built in the last five years the average sale price was $4,090,625 – only 8 sold in 2016.

At years-end the average Westbank home listing price was $5,107,869. NOTE: For homes built in the past five year there was only four available at years-end, and it was listed for $10,800,000.

Last year the average sale price for a Westbank single-family vacant lot in 2015 was $2,059,115. The average size single-family lot sold in 2016 was 3.8 acres.

When you combine the average building permit value for 2016 with the average sale price of a vacant single-family lot in 2016 you will be spending an average of $4,243,248 to build a new home. NOTE: This price range of course is not considered affordable for locals.

The outlook for locals buying into the Westbank condo/townhouse market is similarly bleak. The average listing price at years-end for all Westbank 3+ bedroom condo/townhouse’s was $3,337,466. Average 2015 sale price for all Westbank 3+ bedroom condo/townhouse’s was $2,521,543. NOTE: The average sale price for a 3+ bedroom condo/townhouse no more than 5 years old was $4,266,666.

*All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
* Does not include deed restricted affordable housing, fractional ownership, or Government leases.
* Although some homes are not yet reflected in the Teton County GIS, this number includes homes issued building permits through Q3 2016 permits.