Jackson Hole, Wyoming – New Listing – 545 N. Bar Y Road

545 N. Bar Y Road offers incredible Teton Range Views.

545 N. Bar Y Road offers incredible Teton Range Views.

The Tetons are completely framed by the master bedroom windows.

The Tetons are completely framed by the master bedroom windows.

The Jackson Hole Experts – Garth and Christy Gillespie are excited to announce our newest listing in Jackson Hole.  It is a wonderful view property and offers a high quality home in the convenient location of Gros Ventre West – between the Town of Jackson and Wilson.

Here is a description of the home:

Mountain Home with spectacular views… On a sunny hillside ideally located between town and JH ski resort sits this 2,900 square foot home on 2.66 acres. Situated on one of the best view lots in Gros Ventre West, this home has stunning views of the Tetons and the protected valley floor below. Every room is designed to embrace the outdoors with multiple windows and wrap around decks. The entryway is graced by a delightful pathway adorned with wildflowers and an impressive boulder wall. As you enter the home, you are immediately greeted with soaring floor to ceiling windows that frame the Tetons and the valley below.

The greatroom is perfect for creating cherished family memories around the fireplace or just simply arranging a puzzle in front of the big windows. On the main level, is a charming kitchen with plenty of light and space for the most inspired gourmet chefs. The kitchen even has its own deck area for enjoying your morning coffee while basking in the early morning sun. Just off the living room is the master bedroom study which gives you a perfect place to curl up with a good book in a comfy chair- your own private sanctuary. Venture further and you have reached the master bedroom which has dramatic Grand Teton views, its own private deck and a large master bath with a substantial closet. On the lower level and you have two large bedrooms all with their own spacious baths and a private deck. Follow the pathway off the guest room deck and you have a secret get away patio to enjoy the sounds of nature. Precious privacy and quiet amongst stunning views is the soul of this mountain home.

To set up a showing please call us at 307-413-5243 or email us at garthgillespie@jhrea.com.

Sales Results For Christy and Garth Gillespie – Sales Asssociates – Jackson Hole, Wyoming.

Sales Update for Garth and Christy Gillespiecropped-header_ip.png

Christy and Garth Gillespie, Jackson Hole Real Estate Associates – Christie’s International Real Estate have been market leaders for many years in the Jackson Hole Real Estate Market.  We get asked frequently about our sales history so we decided to proudly publish our list of properties we have sold over the years that have had a purchase price over $1 million.  Please call us for further details or if you would like us to put together a listing presentation which will explain why we have success in the competitive real estate market here in Jackson Hole, Wyoming – Teton County. Contact us by calling 307-413-5243.

Sales History for properties priced over $1 Million for Christy and Garth Gillespie

2014
• 1788 Cortland Drive – Flat Creek Fishing Club
• 7955 S. Eagle Ranch – South of Jackson

2013
• 4375 Shidner Lane – South of Jackson
• 3750 N. Lake Creek – The Aspens
• 145 Moose Street – Town of Jackson
• 689 E. Kelly – Town of Jackson
• 320 Teton Ave. – Town of Jackson
• 3755 Lake Creek – The Aspens
• 145 Sandreed Road – North of Town
• 4195 S. Kestral – Melody Ranch
• 1240 Melody Creek Lane – Melody Ranch
• 1256 Melody Creek Lane – Melody Ranch

2012
• 5200 Cortland Drive – South of Jackson
• 1261 Melody Creek Lane – Melody Ranch
• 9350 Sleeping Indian Drive – Solitude
• 3095 Mallard Drive – Skyline Ranch
• 170 Spruce Drive – Town of Jackson

2011
• 9425 Snake River Drive – Solitude –
• 2030 Spirit Dance Drive – Spring Creek –
• 755 Moulton Loop Road – North of Town

2010
• 1295 Melody Creek Ln – Melody Ranch
• 3636 Lake Creek Drive – The Aspen’s
• 6355 Spring Gulch Road – North of Town

Jackson Hole Real Estate Associates Teams Up With Snow King Resort

Press Release

Jackson Hole Real Estate Associates and Snow King Resorts create a partnership!

Jackson Hole Real Estate Associates and Snow King Resorts create a partnership!

May 8, 2014

Jackson Hole Real Estate Associates — Christie’s International Real Estate announces the opening of their office in the Snow King Hotel and Grand View Lodge.

Jackson Hole Real Estate Associates and Snow King Hotel and Grand View Lodge are proud to announce their exclusive real estate partnership. This partnership affords additional opportunities to assist clients regarding their real estate needs as well as additional marketing exposure for Jackson Hole Real Estate Associates listings.

For Immediate Release — Jackson Hole Real Estate Associates, the exclusive affiliate of Christie’s International Real Estate, and Snow King Hotel and Grand View Lodge are pleased to announce that they have forged an exclusive marketing relationship. The real estate company will open a new office in the lobby of the resort this summer as well as offer exclusive placement of Jackson Hole Real Estate Associates marketing collateral in Snow King outlets, guest rooms and outside properties under Snow King management.

Under the expert management of Benchmark Hospitality, Snow King Hotel and Grand View Lodge has undergone a $17-million renovation as well as an overhaul of services and facilities to elevate the resort to Jackson’s premier luxury conference facility. Snow King’s elevated stature combined with Jackson Hole Real Estate Associates as the largest real estate company in the region offers the perfect synergy between the two market leaders to better enhance their overall offerings.

“Jackson Hole Real Estate Associates is proud to be working in partnership with this iconic Jackson resort. The enhanced marketing reach as well as the ability to serve additional visitors through the hotel is a compliment to both Snow King and our company.” said Bomber Bryan, JHRE Associates Partner.

“We are delighted to have the region’s premier real estate firm be a part of our -magnificent transformation,” stated Geoff Young, Snow King Hotel and Grand View Lodge General Manager. “As we considered the opportunity, we felt confident that the exclusive affiliate of Christie’s International Real Estate – the world’s largest luxury real estate brand – would be the perfect balance to the luxury brand we have developed at the resort,” continued Young.

To learn more about Jackson Hole Real Estate Associates please visit http://www.jhrea.com/. To learn more about Snow King Hotel and Grand View Lodge please visit http://www.snowking.com/ .

About Jackson Hole Real Estate Associates

Jackson Hole Real Estate Associates is the exclusive affiliate of Christie’s International Real Estate in Wyoming and Idaho and was recognized as the Global Affiliate of the Year from Christie’s International Real Estate. The reputation of Jackson Hole Real Estate Associates for exemplary client service and market knowledge combined with the power of Christie’s International Real Estate, the largest network of independent real estate firms, offers a synergy between local strength and global networking. Christie’s International Real Estate, a wholly owned subsidiary of the renowned auction house Christie’s, is the largest international network of real estate companies specializing in the sale of luxury and notable properties.

About Christie’s International Real Estate

Christie’s International Real Estate is the largest international network of real estate companies dedicated to the sale and marketing of luxury homes and a subsidiary of Christie’s, the world’s leading art business. Christie’s clients who buy and sell works of art often request real estate services. The Christie’s International Real Estate global network spans more than 42 countries with over 1,000 offices and approximately 35,000 brokers. Committed to the auction house’s two-century-old tradition of exceptional customer service and expertise in high-value marketing, the network achieved total combined sales in excess of $125 billion.

Admittance to the Christie’s International Real Estate network is offered by invitation only to those real estate companies with proven records of success in high-value home sales and who exemplify Christie’s traditional value of service. Exceptionally skilled local real estate specialists, a client-focused approach, and strategic global marketing to a qualified audience of proven luxury consumers are the hallmarks of Christie’s International Real Estate

Nestled at the edge of the Bridger-Teton National Forest and the base of Snow King Mountain, Snow King Hotel and Grand View Lodge is your home in historic downtown Jackson and your gateway to two of America’s most beloved national parks. Grand Teton National Park lies just 20 minutes north, with Yellowstone another 30 to 40 minutes further. Fully renovated in 2013, the resort offers the finest that Jackson Hole hotels have to offer, with traditional Western ambiance. Crisp bedding, luxurious mattresses, New Generation pillows and soothing finishes which make for a sumptuous stay, and the full-service business center is matched only by the professional and attentive staff.

Jackson Hole Real Estate – April 2014 Update

Excellent choice for East Jackson living!

Excellent choice for East Jackson living!

If you are looking for trends in our current real estate market I would say the strongest trend is lack of inventory. And in direct correlation with lack of inventory we have less sales and higher prices. Comparing April 2013 to April 2014: we had 31 residential sales in 2014 verse 42 sales in 2013. Sales volume was about identical at about $27 million which results in a 30% increase in average sales price. The inventory numbers for lower price properties continues to shrink and is also represented when comparing sales for the two Aprils – April 2013 had 31 sales under $1 million where 2014 only saw 22 sales under $1 million.
Vacant land in Jackson Hole continues its resurgence as we had 7 sales in 2014. 4 properties south of Town in the more “local” locations of Little Horse Thief and Game Creek sold last month.
Pending sales have been averaging about 55 sales every month and that number did not change in April as we have 58 pending sales. The friendly competition between Sotheby’s International Realty and Jackson Hole Real Estate Associates is a dog fight and a tie in the number of transactions pending.
Active Market – there are 412 active listings. 119 residential units priced under $1 million, 54 properties priced between $1 and $2 million, 50 properties between $2 and $4 million and 22 properties priced over $ million. There are 70 vacant lots priced under $1 million.

For additional statistics or to discuss the current Real Estate Market in Jackson Hole please contact the Jackson Hole Experts – Christy and Garth Gillespie at 307-413-5243 or email us at garthgillespie@jhrea.com.

Jackson Hole Real Estate Market Update – 1st Quarter 2014

1st Quarter 2014 Real Estate Market Report

Overall Market: The first quarter of 2014 made a strong bid to keep pace with the overwhelming improvement of the real estate market seen in the first quarter of 2013. The 1st quarter ended with the number of transactions down by about 3% when compared to the first quarter of 2013, a negligible decrease in the larger picture. The primary factor which contributed to this decrease in transactions is the decline in inventory available to buyers, down nearly 25% compared to the first quarter of 2013. This has been a continuous trend in 2014, and it’s been slowing some of the ready, willing and able buyers from purchasing because of this slight inventory. The total dollar volume of sales also experienced a drop, decreasing about 14% over last year’s first quarter. Nonetheless, the median sales price actually increased about 6%, from $675,000 to $716,000. This can be attributed to the dominance of the $500,000 to $1 million dollar sales which accounted for about 35% of the total sales, more than any other single price segment. With inventory levels at historic lows, you can expect 2014 to bring a unique challenge to both buyers and sellers. Buyers will struggle to find quality properties at supportable prices. At the same time, sellers will struggle with the decision of whether or not to sell in 2014 or choose to wait. Many sellers sense the market is improving, and prices will likely rise as the law of supply and demand holds true, as it has demonstrated in many segments of the market.

Q1 2014 Graph 2
Single Family Segment: The statistical information for the first quarter of 2014’s single family segment displays some interesting facts about the Jackson Hole real estate market and implores further explanation. The number of transactions decreased approximately 30% when compared to the same time period last year. However, the average sales price remained roughly the same, and the median sales price actually increased about 20%, to $980,000. The vast majority (44%) of the single family home sales occurred in the $500,000 to $1 million price range. Most captivating about this segment of the market is what the future holds. At the time of this report, there were 28 homes for sale in the $500,000 to $1 million price range. Those 28 homes only represent 22% of the available inventory. This means nearly half of all potential single family home buyers must compete for a very small piece of the pie. This supply and demand equation has already showed signs of appreciation, and it should continue as long as this shortage of inventory exists. A precise rate of appreciation varies depending on price range and area of the valley. There were only 3 sales under $500,000 this first quarter, and only 1 single family home is currently for sale under $500,000. While the future is bright for sellers with homes valued under $1 million, the market for homes over $1 million is much more competitive, especially in the over $5 million price range. This price range accounted for only 2 sales this first quarter of 2014, while there are 23 homes over $5 million currently for sale.

Condo & Townhome Segment: The condo and townhome segment of the market had an incredible year in 2013, and the first quarter of 2014 was no different. The number of transactions increased about 26% as well as an impressive 35% increase in total dollar volume. The condo and townhome segment of the market has experienced the most appreciation of any segment. Both average and median sale prices increased, nearly 4% and 16% respectively. The most astonishing statistic is the quarter to quarter comparison of the average sale price in the Town of Jackson where the majority of the condo and townhome sales occur. This segment had an over 30% increase in average sale price. About 50% of the condos and townhomes sold in the first quarter of 2013, sold for less than $500,000. In comparison, about 40% of the sales in the first quarter of 2014 were sold for less than $500,000. Active inventory in the condo and townhome segment is also in short supply, down nearly 20% from the first quarter of last year. With only 82 condos and townhomes currently for sale, there is less than a 6 month supply of inventory.

Q1 2014 Graph 1

Vacant Land Segment: In 2013, the vacant land segment of the market showed steady improvement as more and more buyers were unable to find homes to suit their needs in the limited single family home inventory pool, and speculative builders began to purchase land for new projects. The first quarter of 2014 continued this trend of steady growth with a modest increase in the number of transactions, up nearly 5% when compared to the first quarter of 2013. Based on the information available, it is estimated that the total dollar volume decreased slightly, however, due to the large number of sales with undisclosed sales prices, an exact total dollar volume figure is difficult to determine with certainty. Lack of inventory is not yet an issue in the vacant land segment of the market, yet the supply is decreasing, down over 20% compared to the first quarter of 2013. The price range with the least amount of supply is the under $500,000 price range. This lower price range represents just over 15% of the available inventory, yet it contributed to nearly 45% of this first quarter’s sales. All indications point to the vacant land segment continuing on a path of steady improvement.

In Summary: Following a record ski-season and #1 rating for the Jackson Hole Mountain Resort by Ski Magazine and Forbes Magazine, Jackson is experiencing more demand from people from all over the world who are coming to enjoy not only the Jackson lifestyle with countless world-class outdoor and cultural opportunities, but also Wyoming’s tax friendly status. With over 97% of our county protected in national parks, national forests, wildlife refuges and conservation easements, the remaining less than 3% of developable property is highly desirable for residents and second home buyers. With continued constraints on inventory and high levels of demand from buyers, we anticipate continued strong performance in the Jackson real estate market. Considering that Jackson’s lifestyle benefits are matched only by the financial benefits of Wyoming residency and the unparalleled flight access into Jackson Hole, with 12 direct flights, we believe that Jackson offers a “perfect storm” of real estate opportunity, security and access that will continue to appeal to the most discerning buyers.

Christy and Garth Gillespie – The Jackson Hole Real Estate Experts:  We can be reached at 307-413-5243 or by email at garth@jhexperts.com.  The first quarter of 2014 has started off great for us.  We recently move brokerages from Sotheby’s International Realty Jackson Hole to Jackson Hole Real Estate Associates – Christie’s International Real Estate and we could be be happier.  We have been involved 11 transactions so far in 2014.  Call us today to find out why we are successful in this complex market we are seeing in 2014.

Jackson Hole Real Estate Associates exclusively owns and maintains the valley’s oldest and most comprehensive market database. Our report is derived from our proprietary data base (not just mls data) as well as decades of history and success in the region. No other real estate company or agent can offer this depth of expertise or insight regarding current or previous market conditions. The local knowledge of Jackson Hole Real Estate Associates, the largest and most dynamic real estate company in the Teton region, combined with the largest luxury real estate affiliation, Christie’s International Real Estate, offers the ideal balance of local expertise and global reach. The Christie’s International Real Estate network exceeds $100 billion in annual volume, nearly three times greater than our nearest competitor.

 

* The statistics used in this report are from the Teton Multiple Listing Service (MLS) and JHREA’s internal database.
* This report does not go into detail on every segment of the market, but is intended to offer an overview of general market conditions.
*All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
*Average sale price is the total combined dollar volume divided by the number of sales.
*The term “Market Value” means; the value of a property in terms of what it can be sold for on the open market; current value.

© Copyright 2014 by Jackson Hole Real Estate Associates. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without explicitly written permission from Jackson Hole Real Estate Associates.

Jackson Hole Real Estate Compared to Other Western Resorts?

Report on Destination Resort of the West

Report on Destination Resorts of the West

We have attached an excellent article from the Western Mountain Resort Alliance (WMRA).  The WMRA is an organization composed of Realtor Boards of destination ski resorts in the Mountain West.  Boards include Park City, Utah; Sun Valley and McCall Idaho; Jackson Hole, WY; Crested Butte, Steamboat, Summit County, Vail Colorado; Big Sky, Montana; Whistler, British Columbia and Tahoe California.

The most recent report can be found here: Click this link —-    http://origin.library.constantcontact.com/download/get/file/1107631264353-51/WMRA+Graphs.pdf

The information is really interesting to see.  When comparing Teton, County (Jackson Hole) to the other communities you can see that Teton, County has the highest Average Sale Price by far, the least amount of active listings and the largest decrease in the number of available properties for sale when compared to 2012.  To me, it illustrates some of the benefits and down falls of our real estate market here in Jackson Hole.  The benefits are that our real estate values are going to be strong and will increase significantly as activity increases.  The negatives are going to be our lack of inventory.  When looking at available real estate for sale in areas like Vail it is remarkable to see almost 2,500 active listings compared to Jackson 450.  Wow – I can only imagine what it would be like to have that much inventory.

One more stat that is interesting to point out — Number of Listings per Realtor — Jackson Hole = 1.02.  Vail = 3.65.  Big Sky = 14.2.  Park City = 5.0

For additional information on the differences in real estate markets please contact the Jackson Hole Experts – Christy and Garth Gillespie at Jackson Hole Real Estate Associates – Christie’s International Real Estate307-413-5243 or at gillespieteam@jhrea.com.

What’s Going on with Real Estate in Jackson Hole and Nationwide?

kcm test 2

While reading the current news these days it is very easy to get confused when determining what is happening with real estate. One article you read talks about the next real estate bubble and then the next article talks about the worst month of home sales in almost 1 year. Well Christy and I are here to tell you that the real estate market is extremely healthy and we are seeing strong buying signals in just about every market here in Jackson Hole.

Why some of the negative information out there? The data we are using for comparing last years March totals verse 2014 March totals involves a lot of distressed properties that were on the market in 2013 and the strong push of buyers that swooped in to buy them before they were all gone.  Now we are seeing a big push by buyers to purchase by we are encountering a lack of inventory. The sales numbers for house sales in 2014 have been very strong but since there is not the added inventory from the foreclosures or “short sales” the sales totals are lower than in 2013.  But if we segment the sales by price point like the chart above the real story is that home sales are trending upward.

The chart above is from the National Association of Realtors.  Sales for homes over $500,000 (most of the Jackson Hole market) are above to way above 2013 numbers.  This data for for nationwide sales.  Here locally ours sales are tracking at the same rate as 2013 or just slightly lower. Why are we not trending as fast as the national average?  Inventory!  We have not seen a stronger Seller’s market in Jackson Hole since the mid 2000’s.

For a free Listing Presentation by Christy and Garth Gillespie, Jackson Hole Real Estate Associates, please call us at 307-413-5243 or email us at gillespieteam@jhrea.com.

 

3 Reasons to Sell Your Home this Spring in Jackson Hole

This story is from the KCM blog — I believe it is an excellent article for anyone thinking about selling their home this Spring of Summer.

4.8-Visual

Many sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are three of those reasons.

1. Demand is about to skyrocket

Most people realize that the housing market is hottest from April through June. The most serious buyers are well aware of this and, for that reason, come out in early spring in order to beat the heavy competition. We also have a pent-up demand as many buyers pushed off their home search this winter because of extreme weather. Sellers in markets where seasonal weather is never an issue must realize that buyers relocating to their region will increase dramatically this spring as these purchasers finally decide to escape the freezing temperatures of the winters in the north.

These buyers are ready, willing and able to buy…and are in the market right now!

2. There Is Less Competition – For Now

Housing supply always grows from the spring through the early summer. Also, there has been a growing desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners have seen a return to positive equity as prices increased over the last eighteen months. Many of these homes will be coming to the market in the near future.

The choices buyers have will continue to increase over the next few months. Don’t wait until all the other potential sellers in your market put their homes up for sale.

3. There Will Never Be a Better Time to Move-Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by approximately 4% this year and 8% by the end of 2015. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with an interest rate at about 4.5% right now. Freddie Mac projects rates to be 5.1% by this time next year and 5.7% by the fourth quarter of 2015.

Moving up to a new home will be less expensive this spring than later this year or next year.

If you are interested in learning more about the Jackson Hole Real Estate Market please contact Christy and Garth Gillespie, Associates at Jackson Hole Real Estate Associates – Christie’s International Real Estate – Jackson Hole.  We can be reached at 307-413-5243 or email me at garth@jhexperts.com.

Jackson Hole Real Estate Market Update for March 2014 – Sold Results

market trend march 2014

Yesterday Jackson Hole Mountain Resort closed for the 2014 winter ski season.  As most of you know, we had incredible snow conditions and we ended with 494 inches of total snowfall (41 feet) and our last recorded base was 140 inches.  Jackson Hole Mountain Resort was rated #1 ski resort in the county this year and you could tell that we had many visitors come to see for themselves why we were ranked #1.  All winter we had strong tourist interest and as a local we saw some of our largest lift lines ever.  Of course it helped that we had the best ski conditions in the county too.

Did the extra tourist visitation result in stronger real estate activity?  Not really….but we did see a continuation of a very healthy market.  March 2014 was on average with our 2013 results.  We had slightly lower total sales volume but had just about the same number of transactions (36 in 2014 vs. 38 in 2013).    One of the biggest differences between the two years is that we had 8 vacant land transactions vs. only 2 in 2013.  Another huge difference was “Days on Market”.  In 2014 days on market averaged 187 days vs. 356 days in 203.  That is a great improvement!

The Town of Jackson saw the most activity with 9 sales, next was Teton Village with 5 and the rest of the locations in the valley (Wilson, North, South) all averaged 3 sales during the month.  The highest sale recorded was a beautiful estate located in Teton Village which was listed at $12.5 million.  There were 10 sales that were listed for over $1 million.

The friendly competition between Jackson Hole Sotheby’s and Jackson Hole Real Estate Associates resulted in very similar results.  There were a total of 40 sales in March 2014 including timeshare product.  This means there are 80 transaction “sides”.  Sotheby’s recorded 33 sides and JHREA recorded 31 sides.  This means 80% of the market involved Jackson Hole Real Estate Associates or Jackson Hole Sotheby’s!

The Jackson Hole Experts – Christy and Garth Gillespie had a great month of March with 7 transaction sides representing almost 9% of the market.  Our sales volume was $5,775,000 in March.  Thank you Jackson Hole!

If you would like additional information on the current real estate market in Jackson Hole please do not hesitate to call us at Christy and Garth Gillespie 307-413-5243

***All statistics above were gathered from the Teton Board of Realtors Multiple Listing Service

February 2014 in Review – The Jackson Hole Real Estate Market

elk in refuge

February’s market update needs to start with a recap of our crazy weather in Jackson Hole.  As most of you have read – February was the wettest on record.  We had a ton of snow but the big story was the amount of moisture we received.  Temperatures were warm so we had a few episodes of rain in the valley.  Weather forecasters call this the Pineapple Express as our storms originate in the Pacific and stream right over the Tetons.  The weather pattern continues as even today we are seeing a rain in the valley and snow in the mountains.  The ski resort has seen record amounts of tourists/skiers and the town has been very busy in the evenings.

Our real estate market continues to move forward in a fairly uneventful manner.  In many ways this is good as we see steady sales and no major swings of activity.  The winter months are known for this so I would call the market “normal”.  The big story is that inventory is starting to wane.  Comparing 2013 to 2014 we have 100 less listings in the Teton Board of Realtors MLS.  When comparing February 2013 to 2014 we had 28 fewer new listings hit the market.  Christy and I specialize in listing homes in Jackson Hole and our call volume for spring listings is down when compared to last year.

February 2014 saw 20 residential sales and 6 vacant lot sales.  The highest priced listing to sell was 2675 W. Stonecrop Road which is located on the “westbank” and was listed for $5,575,000.  There were a total of 7 sales over $1 million and 13 sales under $1 million.  Sales were spread out throughout the valley with 5 sales on the west bank, 4 sales at Teton Village, 4 sales in the Town of Jackson, 2 sales south of town and 1 sale north of town. When comparing sold data to 2013 the market had equal transactions (27) in 2013 to (26) in 2014.  Dollar volume was considerably less in 2014 with List Price Volume of $44 million compared to List Price Volume of $33 million in 2014.

There are 57 pendings in Teton County with a List Volume of $51 million.  36 of the pending transactions are price under $1,000,000.  There are 14 pending transactions in the town of Jackson with 12 of those under $500,000 (the condo and townhome market).  More breakdowns: 6 pendings in Teton Village, 17 pendings in the south of Jackson market, 4 north of town and 11 pending sales on the “westbank”.

Active Market:  a total of 420 total active listings in Teton County.   41 in the town of Jackson with 34 of the 41 units priced under $1 million.  41 units for sale in Teton Village with an additional 37 fractional ownership properties actively marketed.

Christy and Garth Gillespie are actively looking for additional properties to sell.  We have a very aggressive marketing plan to go along with our thorough analysis of all properties we list so that we achieve the goal of the seller – a quick sale with the highest possible sales price.  2013 was one of our most successful and if we would have stayed at Sotheby’s International Realty – Jackson Hole through the end of 2013 we would have ranked extremely high in their rankings of successful real estate teams.  Call today to find out more about our services or if you would like us to do an analysis of your home or vacant lot in Jackson Hole.

Christy and Garth Gillespie work at Jackson Hole Real Estate AssociatesChristie’s International Realty and can be reached at 307-413-5243 or email us at gillespieteam@jhrea.com.

****All statistics gathered by Garth Gillespie from the Teton Board of Realtors MLS