General Jackson Hole Information Archives - Page 4 of 7 - Christy & Garth Gillespie

Spring Creek Ranch – New Listings Worth Taking a Look At…

May 23, 2009/in General Jackson Hole Information, General Real Estate Information, New Listing in Jackson Hole, Real Estate Buyer & Seller News, Top Values

The Jackson Hole Experts – Garth and Christy Gillespie and sales associate Don Alsted are excited about our real estate inventory at Spring Creek Ranch this summer. We have the pleasure of marketing 2 fabulous custom homes and one beautiful estate lot all with stunning views of Grand Teton.

Perched nearly 1,000 feet above the Town of Jackson on East Gros Ventre Butte, Spring Creek Ranch offers incomparable views of the Teton and Snake River ranges and Spring Gulch.

Once a part of the ranch operated by former Wyoming Governor and Senator Cliff Hansen, Spring Creek Ranch today is a popular resort community that provides a real sense of getting away from it all Western style. It’s a testament to the beauty of the location that Aman Resorts chose it for the company’s first property in North America, the Amangani.

Jackson, Teton Village and skiing at the Jackson Hole Mountain Resort are all within a quick drive from Spring Creek Ranch. But there are a variety of on-site resort activities to enjoy. The resort offers concierge services to homeowners, as well as tennis, swimming and a full-service spa. The activity that sets it apart from other resorts in the area is horseback riding, which is geared to people of all skill levels and ages. And with nearly 700 out of the property’s 1,000 acres preserved as open space, Spring Creek is a lovely place to hike and look for wildlife. The Granary restaurant is popular with locals as well as out-of-towners, as is the restaurant’s lounge, which offers jazz and piano music on some nights.

Spring Creek Ranch is one of the favorite view-oriented developments in the valley where short-term rentals are permitted, which makes it highly desirable for investment property.

The three listings we would like to feature are beloe with links. Please visit:

1996 Spirit Dance – Amazing setting at Spring Creek Ranch. Located on a large lot of 1.14 acres and bordering open space with obvious views of Tetons. The home is located on lot 11 of the Elk Dance Estates area of Spring Creek Ranch.

Overall description of the home: Sqaure footage is on two levels for a total of 3,956 square feet. The main floor (2,782 sq. ft.) includes 3 bedrooms – one of which is considered a junior suite, an office, dining room, living room, kitchen, entry, mudroom and storage. The 2nd floor includes the master bedroom and a media room. From the master you have one of the best views of the Tetons available in Jackson Hole. The master bedroom has a stacked stone natural gas fireplace. The master is complete with a comfortable master bathroom with jetted tub and rain shower, marble slab counter top and flooring and custom alder cabinets. The master closet – over 200 square feet – with washer and dryer setup.

The Alsted Home — Featured on the cover of Mountain Home Magazine, this luxurious 7,323 sq. ft. home located on Spring Creek Ranch exudes the warmth and richness of natural wood and stone. Its unique, long, angular design and placement of large windows allows spectacular views of the Grand Teton Mountain Range from all living spaces.

285 Calliope – Lot 47! This secluded 4.67 acre lot is one of Spring Creek’s best parcels. It features a large building envelope which has open, gentle sloping, undisturbed terrain. This parcel boasts views of the Grand Teton, a large aspen grove and the high rolling ridges of West Gros Ventre butte. This land has personality and is waiting for you to create your masterpiece.

Jackson Hole Housing Market Explodes!

May 22, 2009/in General Jackson Hole Information, General Real Estate Information, New Listing in Jackson Hole, New Listings, Real Estate Buyer & Seller News, Top Values

Well let’s put that phrase in context – The Jackson Hole / Teton County active listing market is exploding! Yes – everyday there are more and more listings hitting the market and unfortunately not many of them are going under contract. There are currently about 845 active listings in Teton County, Wyoming. Previously the high was reached in October of 2008 so we have basically been drowning in listings for over 6 months.

When comparing today’s active listings to last year we see that in May of 2008 there were about 480 listings and if we look at May of 2007 there were only about 400 listings. The current inventory load will only continue the price pressure we are witnessing on the market. Transactions are taking place but in most cases we are seeing 20% to 30% discounts given from the high of the market!

Stay tuned as we are currently updating our Top Picks. For more information on the current market please call or email the JacksonHoleExperts – Christy and Garth Gillespie – Sotheby’s International Realty – Jackson Hole Brokerage. We are here to help and work everyday to exceed your expections.

Searching For Jackson Hole Real Estate Online?

May 21, 2009/in General Jackson Hole Information, Internet information

Searching For Jackson Hole Real Estate Online? A lot of you are looking on www.Sothebyshomes.com/jacksonhole. Information we just gathered from Sotheby’s International Realty tells the story. There seems to be a lot of people looking on line at property and the number is increasing. At www.sothebyshomes.com/jacksonhole we had 43,000 page visits and 11,785 listings were viewed! The average visit per page was about 36 seconds. The top searches included – Jackson Hole Real Estate, Sotheby’s Jackson Hole, Sothebys Jackson Hole, Real Estate Jackson Hole and Sotheby’s real estate. Those searches tell me that the public knows where to look for Jackson Hole real estate information – Sotheby’s! Google was the most used search engine.

When looking at our Company site www.sothebyshomes.com there were 244,000 site visits with 1,757,659 page views. The interesting statistic here is that the average visit length was about 10 minutes. Consumers from 173 countries and 6 six continents visited the site — now that is an International company! The top 5 user countries were – US, Canada, United Kingdom, Germany, Australia.

Cool information. If you are a seller this is very important information. Jackson Hole real estate is no longer a “local” market and to be honest it has not been one for 10 years. Here at Sotheby’s – Jackson Hole Brokerage we have the best agents with the most experience yet we are all local! Our competition will talk about local company with some exposure to the nation and international clients but no one can reach the customer base that Sotheby’s International Realty can. Christy and I feel honored to be here and we utilize the skills, the knowledge and the history many of the agents at Sotheby’s have to offer.

To know more about the Jacksonholeexperts please call Christy and Garth Gillespie at 877-739-8056.

Sotheby’s International Realty Acquires Teton Village Realty in Jackson Hole, Wyo.

May 12, 2009/in General Jackson Hole Information, General Real Estate Information, Real Estate Buyer & Seller News, Resort Updates, Teton Village

Wow! Exciting News in Jackson Hole real estate. Here is the “hot” real estate news just released by Sotheby’s International Realty – Jackson Hole Brokerage. Christy and I will update the blog with our thoughts later but we wanted everyone to get the news. Very exciting, excellent news for sellers and amazing coverage of the Teton Village real estate market moving forward.

Market Leader Acquires Fastest Growing Local Firm to Expand Presence in Teton County

Jackson Hole, Wyo. (May 13, 2009) – Sotheby’s International Realty, Inc., a residential real estate brokerage firm representing fine properties in some of the world’s most sought-after markets, today announced it has acquired the assets of Teton Village Realty in Jackson Hole, Wyo. Teton Village Realty, specializing in properties at the Jackson Hole Mountain Resort and surrounding areas, will now operate as Sotheby’s International Realty, Inc. The Teton Village Realty offices, located in the Teton Mountain Lodge and Hotel Terra at the Jackson Hole Mountain Resort, will complement Sotheby’s International Realty’s existing offices in Jackson Hole and Driggs, Idaho.

Clayton Andrews, executive vice president and COO of the Mountain Region for Sotheby’s International Realty, Inc. who leads the company’s Jackson Hole operations, will also manage the new offices.

The acquisition expands Sotheby’s International Realty’s footprint in Jackson Hole and shows the firm’s commitment to serving clients throughout Teton County. Since first opening in Jackson Hole in 1999, Sotheby’s International Realty acquired Jackson Hole Realty in 2003. Since then, Sotheby’s International Realty has been the market leader in sales volume, according to the Teton Board of Realtors MLS.

After its founding in 2003, Teton Village Realty became the fastest growing brokerage in Teton County, achieving the third highest market share in the Teton MLS each year from 2005 to 2008. Teton Village Realty sales associates, including owner Rob DesLauriers, will now operate as agents of Sotheby’s International Realty, Inc.

According to Andrews, Teton Village Realty is an ideal fit with Sotheby’s International Realty, based on its historical performance as well as its office locations. “As a relatively young and fast growing firm, Teton Village Realty offers a fresh perspective on the local real estate market,” said Andrews. “Rob DesLauriers is well known and respected at the Jackson Hole Mountain Resort, and his firm’s experience in development sales at Teton Village is unmatched. We are pleased to be gaining such a dynamic and talented team at a pivotal time in our market.”

“It’s exciting to be part of the Sotheby’s International Realty organization,” said DesLauriers. “We appreciate the company’s successful history and expertise in the valley. We have a long and productive working relationship with the firm’s local team, and our agents and clients will benefit from the enhanced regional and global presence as well as the referral opportunities the company offers.” DesLauriers continued, “Sotheby’s International Realty provides a strong and far-reaching platform from which we can continue to grow and leverage the synergies of our firms.”

About Sotheby’s International Realty

Sotheby’s International Realty was founded in 1976 as a real estate service for discerning clients of Sotheby’s auction house and represents fine properties at a range of price points. Today, Sotheby’s International Realty, Inc. operates brokerage offices in key metropolitan and resort markets, including London; Manhattan; the Hamptons; Westchester County, Greenwich, Conn.; Litchfield County, Conn.; Cape Cod; Palm Beach, Fla.; Beverly Hills; Brentwood; Pasadena; Santa Barbara; San Francisco; Sonoma; Monterey Peninsula; Sun Valley, Idaho; Santa Fe, New Mexico and Jackson Hole, Wyo.

Sotheby’s International Realty, Inc. (www.sothebyshomes.com) is part of NRT LLC, the nation’s largest residential real estate brokerage company, and a member of the Sotheby’s International Realty® network that spans 39 countries. NRT, a subsidiary of Realogy Corporation, operates Realogy’s company-owned real estate brokerage offices.

Jackson Hole Airport To Be Closed Between May 25th and May 31st

April 19, 2009/in General Jackson Hole Information

The Jackson Hole Airport will be closed for a runway resurfacing project just after the Memorial Day holiday. The airport will be closed for 5.5 days during which time scheduled aircraft will land at Idaho Falls. The closure could last longer if the weather delays the construction.

During that time the only airlines flying to Jackson will be United and Delta – both of which agreed not to charge change fees for Jackson Hole passengers during the construction (nice of them…).

Announced today, Alltrans will be providing free shuttle service to and from Idaho Falls.

For additional information on the Jackson Hole Airport click the link as the airport will provide updates on the construction and transportation issues resulting from the resurfacing. For Jackson Hole real estate information visit JacksonHoleExperts or give Christy and Garth, Jackson Hole real estate associates – for Sotheby’s International Realty – Jackson Hole Brokerage at 877-739-8056.

Jackson Hole Mountain Resort – 2009 Year Comes to an End.

April 6, 2009/in General Jackson Hole Information, Uncategorized

Jackson Hole Tram - Last Day of 2009

What a great year at the Jackson Hole Mountain Resort… It all started with the new tram and what a piece of machinery it is. Everyone in Jackson and visitors from afar were equally impressed by the new $31 million dollar tram. The speed, the size and the appearance were all impressive. Tram lines were never as short as they were this year when compared with the old tram.

The 2009 ski season will be remembered for the tram but it will also be remembered as the year we received “crazy” snowpack during the Christmas and New Year holiday. A very weird/unusual snow storm impacted the Northern Rockies and deposited feet of snow. It all started with a huge storm on Christmas that was characterized by cold temperatures. Then on the 26th it got warm and continued to snow creating what is called an “upside down” snow pack – cold, dry snow on the bottom and warm, wet snow on the top. This makes for a very unstable snow pack. Well the results were horrible. A young skier was killed in bounds at the Jackson Hole Mountain Resort just after Christmas. Then a few days later a large avalanche crashed into the Bridger Gondola building closing the mountain for 2 days. It was a very eventful week during what was supposed to be a time of celebration. The Jackson Hole Mountain Resort should be credited for handling the situations professionally and well managed. The snow pack finally settled down and stabilized.

For the year we had 502 inches recorded at the mountain weather station with a settled snow base of 120 inches. The last 2 weeks of the ski season will be remembered by a lot of people, including me, as the best weeks of the season with over 8 feet of snow! Yesterday at the “end of the year” bash under the tram Christy and I witnessed a lot of smiling faces. It was a great party with friends and visitors enjoying the wonderful ski season at the Jackson Hole Mountain Resort.

Now —- It’s time to bring on Spring!!!! Please warm up and melt all the snow…..

Protection for the Snake River and Surrounding Mountain Range – Needs One More Signature!

March 27, 2009/in General Jackson Hole Information

In encouraging news this week the U.S. House of Representatives passed a new bill to protect 387 miles of the Snake River and its tributaries in Wyoming and to put 1.2 million acres of the Wyoming Range off-limits to oil and gas drilling.

To read more about this protection click here: Snake River and Wyoming Range

For additional information on local events and news please feel free to contact the JacksonHoleExperts, Christy and Garth Gillespie at 1-877-739-8056.

Good News On Housing! Anything Happening with the Jackson Hole Real Estate Market?

March 23, 2009/in General Jackson Hole Information, General Real Estate Information, Market Updates

We woke up this morning to good news on Wall Street as reaction to the new “Toxic Asset” program was cheered by traders with big movement in the financial sector. Wall Street is also reacting to better than expected housing data. The interesting stat to notice is that this is the first time housing sales and median price both increased at the same time since May 2008.

What about the Jackson Hole real estate market? Well, so far the month of March could be labeled the “Month of Showings”. Activity has been quite strong with buyers looking at property but not yet pulling out their wallets. The news out of the federal government is great for home buyers as mortgage rates are very low, there are extremely favorable tax credits for first time home buyers and financing is becoming a little easier to find. All of this should add up to some transactions but currently we are waiting. Prices in Jackson Hole are still holding fairly strong but we are seeing some movement just not an overall pattern.

Data includes: Current inventory staying about the same since March 3rd with a slight increase (3%) to 732 listings. The big increase came into the residential market with an additional 16 listings. There have been a total of 45 price reductions since the start of March. As for buying activity — slow go. Only 1 confirmed pending transaction in March — Aspen’s Condo 2B/2B priced at $595,000.

For additional real estate information on Jackson Hole -please feel free to email or call us at 877-739-8056. Christy and Garth Gillespie, Sotheby’s International Realty, are ready to answer any questions.

Wyoming Ranks As One Of the Happiest States In The Country

March 11, 2009/in General Jackson Hole Information, General Real Estate Information

If you know Christy and me you know we love it here in Jackson Hole, Wyoming. The fresh air, the majestic mountains, the incredible community, the recreation, the restaurants, the arts the list goes on and on. Jackson Hole is a special place. Well, the residents for the rest of our great state, must feel the same way because in a recent Gallop poll Wyoming was rated the third happiest state in the country only behind our neighbor, Utah and the beautiful islands of Hawaii. I have attached the link to the article.

In other news – Christy and I attend the PAWS furball this weekend at the Four Seasons Resort and we had a blast. Thank you to the Four Seasons Resort – Jackson Hole as they put on a great show with fabulous food, cocktails and atmosphere. As for PAWS – cheers to you. It was one of the finest run charity events we have attended. The marketing was top notch, the event was extremely well planned and all we saw were smiling faces though out. Not to mention an incredible auction where we witnessed the bidding for the coveted front cover of the PAWS calendar reach record amounts and finishing with the “Auctioneer” Leland Christenson saying, “and the winner with the final bid of $47,500.00 wins the front cover for the 2010 Paws Calendar” We witnessed a few “high-fives” after that in the room.

Thank you Jackson Hole! Christy and Garth Gillespie just won the “Best Husband and Wife Real Estate Team” in the Planet Jackson Hole Weekly first annual “Best Of 2009”. We are honored and humbled by your votes and will continue to provide the best real estate service in Jackson Hole. We appreciate your votes!

If you need any assistance with real estate questions or thoughts please feel free to call 739-8056 or email the JacksonHoleExperts – we are here to help.

Where’s the Jackson Hole Real Estate Market Headed – Feburary Review

March 3, 2009/in General Jackson Hole Information, General Real Estate Information, Market Updates, Top Values

That’s a good question. Currently we are at a stand still as transactions are almost nonexistent. The month of February will go down as a month to forget or should I say a month that was forgotten. Totals for sales volume and units sold are unbelievably small.

Okay – enough baiting. When looking back on the month of February for sales in the entire Teton County Multiple Listing Service we find a grand total of 3 transactions! Since there are only three I can actually list them: 1. Fractional Sale at the Teton Club, 2. 1 Bedroom Condo, 500 square feet in the Town of Jackson for close to $300,000 and 3. a small single family home with development potential for a little over $600,000. That’s it. Sales Volume totaled close to $1,000,000.

How about new activity? Well, we did see some activity in Melody Ranch. 2 homes which were priced at, or above $1,000,000 this past summer, had some very aggressive price reductions which motivated a couple of buyers. Both transactions, if they close, with be under $700,000. There are a total of 41 pending residential transactions. Interesting to note – of the 41 pending transactions almost 30 of them are in the construction phase of development. 6 of the pending transactions are priced above $1,000,000 and 1 of those transactions is listed for $10.5 million! There are also 4 fractional units pending.

Current active inventory is at 708 listings, 506 of which are residential, 48 are fractional units and there are 152 building sites. Of the 152 building sites there are 5 pending transactions (2 in my opinion are suspect) and the other 3 are Commercial properties.

Where are we headed? …as I mentioned above – Good question. It is our opinion that until we see some light at the end of the tunnel with our economy our real estate market will stay in hibernation. We are still waiting to see some significant price reductions – especially on the lower/lowest end of the market. Christy and I see a solution to get our market moving but that takes the low end to move another 20% to 25% downward. This would stimulate first time home buyers. From there, the sellers of these properties could make a move at the next tier and so on.

The stimulus plan does give some incentives for first time home buyers ($8,000 tax credit) and interest rates are at historically low-low rates (under 5%). Incentives, low interest rates and lowering prices – bring it on. Christy and Garth Gillespie are eager to help. We want to be part of the “Jackson Hole Stimulus Plan”. Call us and let us help you make a move in this market. Read our blogs, our top picks or call for a free consultation.