Looking for the Top Real Estate Deals in Jackson Hole?

/in , , , , ,

Beatiful South Jackson Hole

Beautiful South Jackson Hole


The Jackson Hole Experts – Christy and Garth Gillespie – have just updated our Top Picks of the Week! Every other week the Jackson Hole Experts update our Top Picks with the Best New Jackson Hole Listing, the Most Notable Closed Jackson Hole Transaction and the Best Jackson Price Reduction on a Listing. At the bottom of that page we have a link that takes you to our Top Picks of the Week.

The Top Real Estate Picks of the Week in Jackson Hole is a selection of properties Christy and I feel are well priced for our market and can be considered a Top Pick of the Week. We currently list 3 properties.

In new exciting news the Jackson Hole Experts contracted with our wonderful website designer to create the “Jackson Hole Real Estate Power Rankings”. Here we will start to rank the Top Ten Real Estate deals in Jackson Hole. This is going to be an exciting challenge as we have the opportunity to move properties up and down the list as new listings come aboard, current listings have price reductions or the real estate market changes in certain locations. Stay tuned as we will be getting the Jackson Hole Real Estate Power Rankings online in the next few weeks.

The current market is showing some signs of activity. Yesterday at the Sotheby’s International Realty – Jackson Hole Brokerage – Wednesday morning meeting multiple properties were announced as “pending-under contract”. The list included a condo at the Aspen’s, a vacant lot in the Jackson Hole exclusive neighborhood of Indian Springs and a small, older home in the Town of Jackson. This is great to hear!

For more information on Jackson Hole Real Estate please contact the Jackson Hole Experts toll free at 877-739-8056 or visit our website.

Sotheby’s Doing Their Part To Support the Real Estate Industry

/in , , , ,

Last week Christy and I received an email from Kathy Korte, President and CEO, of Sotheby’s International Realty, updating us on ways the private sector are trying to jumpstart the sluggish housing market. A Business Roundtable was formed and here are the results of that meeting.

Business Roundtable, an association of chief executive officers of leading U.S. corporations and specifically, the Business Roundtable’s Housing Working Group – which is chaired by Realogy CEO Richard A. Smith – issued a set of recommendations for the White House and Congress that are aimed at jumpstarting the housing market in order to stimulate a broader economic recovery.

The Business Roundtable’s recommendations are as follows:
· Keep mortgage interest rates at historically low levels (below 5 percent) for at least one year;
· Expand the current First-Time Homebuyer Tax Credit incentive from the lesser of 10 percent of the purchase price of the home or $8,000 to a higher limit of either 10 percent or $15,000 for all homebuyers, remove the income restrictions and include all primary residence purchases for one full year;
· Conduct a thorough review of current foreclosure mitigation and loan-modification programs in light of rising loan-modification re-default rates;
· Make permanent the current temporary conforming loan limits; and
· Continue to review and strengthen government efforts already underway to review and refine mortgage lending practices.

“We believe targeted, demand-side solutions – such as the ones Business Roundtable is recommending today – will provide a critical next step for a housing recovery that will help create jobs and boost the economy as a whole,” said Smith in the Business Roundtable’s press release.

To obtain a copy of the Business Roundtable press release and its Housing Working Group’s detailed recommendations, click here. To read an article that appeared in today’s online edition of The Wall Street Journal containing an interview with Richard Smith about the Business Roundtable’s recommendations and why they are crucial to jumpstarting the housing market, click here

NRT and The Jackson Hole Experts, Christy and Garth Gillespie, applauds the Business Roundtable for its proactive efforts to reinvigorate the U.S. housing market, and we are proud of the leadership role our parent company, Realogy, has taken in this regard.

For more information on the current housing market here in Jackson Hole please feel free to call at 877-739-8056 or visit us at our website.

Cheapest Real Estate Property in Jackson Hole — It’s Quite Nice!

/in , , ,

Convenient Living in the Heart of Jackson Hole

Convenient Living in the Heart of Jackson Hole

The Jackson Hole Experts just listed a completely remodeled 1 bedroom / 1 bathroom condo in the heart of Jackson Hole. We are talking 5 minutes walk from the town square, 5 minutes (in ski boots) from the base of Snow King Resort, 1 minute from the local bus stop and within walking distance from all the local taverns.

We are very excited about the opportunity to represent all segments of the real estate market in Jackson Hole. It is of course an honor to work with sellers of multi-million dollar listings and we work extremely hard to represent these properties but it is just as much of an honor to assist first time home buyers and entry level sellers in helping them take another step up in the market.

This particular property is located at 140 East Kelly, Jackson, Wyoming. It is about 500 square feet with a full kitchen and bathroom. There are laundry facitlities on the premises. New windows and doors, newer roof on the complex, updated appliances — it’s all here. Homeowner fees are very reasonable at $1560 and taxes were just above $1,000 in 2008. This building and price range qualify for the government stimulus credit of $8,000 (see previous posts for details) and also FHA loans (3-10% down).

Call us for details and and to learn more about the Jackson Hole real estate market – 877-739-8056.

Gillespie Real Estate Team Member Earns Green Designation

/in , ,

Christy and Garth Gillespie are pleased to congratulate Don Alsted, Gillespie Team Member – Listing Specialist for his hard work and being awarded by the National Association of Realtors the “Green Designation.”

LOCAL REALTOR® ACHIEVES
NATIONAL ASSOCIATION OF REALTORS® GREEN DESIGNATIONJune 2, 2009
Jackson, Wyoming– Don Alsted with Sotheby’s International Realty of Jackson Hole
has been awarded the National Association of REALTORS®’ (NAR’s) Green Designation, the only green real estate professional designation recognized by NAR.

Don achieved this prestigious designation after completing 18 hours of course work
designed specifically for REALTORS®. The courses were created in collaboration with a
multidisciplinary team of industry experts from across the country; ensuring designees gaincomprehensive knowledge of green homes and buildings and issues of sustainability inrelation to real estate.

More specifically, Don was trained in understanding what makes a property green,
helping clients evaluate the cost/benefits of green building features and practices,
distinguishing between industry rating and classification systems, listing and marketing
green homes and buildings, discussing the financial grants and incentives available to
homeowners, and helping consumers see a property’s green potential. “As energy costs rise along with concern for the environment, homeowners are looking for innovative ways to save money and live responsibly,” said Dick Gaylord, NAR’s immediate past president.

NAR’s Green Designation was developed in response to growing consumer awareness of the benefits of resource-efficient homes and buildings. The designation helps consumers who care about energy efficiency and sustainable building practices identify REALTORS® who can help them realize their green real estate and lifestyle goals.

As an NAR Green Designee, Don has gained the knowledge and the tools necessary
to become a trusted green resource for Jackson Hole. For more information about Don
Alsted please visit www.jhsir.com or email Don at Don.Alsted@SothebysRealty.com.
For more information about NAR’s newest designation, visit www.greenresourcecouncil.org Way to go Don!

For more information on Jackson Hole Real Estate please contact the JacksonHoleExperts.

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

/in , , , ,

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!

/in , , , , ,

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.

Value Priced Home Next to the Hoback River – Jackson Hole

/in , ,

Christy and I are excited about a new property we listed in Hoback Junction. The home is value priced and should hit a price point many buyers can consider. The property is about .25 acres and has access from two roads – one paved and the other gravel. The exciting part of this home is that you can literally walk out your front door and be throwing rocks into the Hoback river within 100 steps. It is also very close to the confluence of the Hoback and the Snake River and the National Forest allowing a home owner convenient access to the outdoors! Rafting, kayaking, fly fishing, hiking all with in reach. The home is perfect for a first time home owner and has a big yard for a dog or two.

Front of Home

Front of Home

Back of Home

Back of Home

Outdoorsmans Retreat —

Your gateway to the outdoors at an affordable price point. Located just a short 15 min drive from the town of Jackson this 1, 235 sq ft home is just the place to hang your hat. Situated at end of a cul de sac, this 3 bedroom, 2 bath home has been recently remodeled & upgraded. Enjoy all day sunshine with south facing windows with great mountain views, mature landscaping and a large yard. Walk from the doorstep to the Hoback River and National Forest for great fishing, hunting, hiking, and biking.
Additional Information:
Large yard begging for a garden. Yard includes established, estate sized lilacs and evergreens. The deck is perfect for a hot tub. Washer and dryer are included. Community water system and individual septic. Located on a paved road. Just across the street from a local market. Includes water rights to Hoback river for sprinkler system. Ample parking with both front and rear entrance to house, wraparound deck.

For more information about this home or if you would like to have a visit please contact the Jacksonholeexperts – Christy and Garth Gillespie at 877-739-8056. Opportunity is knocking!

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

/in , , , ,

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.

Why Are Real Estate Prices Dropping Substantially in Jackson Hole’s Real Estate Market?

/in ,

What a deal! Beautiful townhome on flat creek. $975,000

What a deal! Beautiful townhome on flat creek. $975,000


Christy and I are getting this question from a lot of our seller’s and customers lately. Jackson Hole has a very limited amount of property that can be developed and there has historically been enough demand to raise prices. In today’s market we have seen a total slow down of transactions and willing buyers at current prices. Since the beginning of the year the Jackson Hole real estate market has been seeing substanial price reductions in certain markets (Melody Ranch, Rafter J, The Aspen’s and the Town of Jackson). Most of the price reductions have come in the price ranges of $500,000 to $1,500,000.

In general terms – Prices are dropping due to the anomaly that occured during our recent market boom (2000-2007). Historically, homes have appreciated at a rate of about 5% per year on a national level. Information gathered from the recent REALTOR magazine states: Professor Karl Case of Wellesley College and contributing author of the Case-Schiller Home Prices Indices, a quarterly nominal housing price report, looked at appreciation of median home value over 5 year increments dating back to 1980. The research showed that home values appreciated 26.5% on average for the 20 year period from 1980 thru 2000. In the six years that followed (2000-2006), average appreciation was 89%!

Home prices nationally and in Jackson Hole are now adjusting to the incosistent and insustainable growth that occurred during the recent price run. So – the market is not in decline – it is just moving toward stabilization – which will mean a healthier market in the future.

Just a little tibit of information that we like to share. For more information about prices or if you would like a free listing presentation and value assessment on your property contact Christy and Garth Gillespie – The Jackson Hole Experts – at 877-739-8056 to set up an appointment! We are happy to help and to share our expertise in this market.

Top Real Estate Values in Jackson Hole – Ask the Experts

/in , , , ,

Top Pick? Click link to see....

Top Pick? Click link to see....


Christy and Garth Gillespie, the Jackson Hole Experts at Sotheby’s International Realty, have just updated our Top Picks for April 23, 2009. Just about every 2 weeks we take a look at the Jackson Hole real estate market and look for the current “deals” in the market. We also review the current situation with pending transactions, closed transactions and noteable price reductions.

This week we note that there were 34 price corrections in the past 2 weeks. For Christy and I this is a good signal that sellers are becoming motivated to jump start the market. For the past 4 months the Jackson Hole real estate market has been painfully slow. We have credited alot of this “non-action” on the fact that sellers have been sitting back and waiting for the buyers to arrive. Well, here at Sotheby’s International Realty – Jackson Hole Brokerage, we have seen our fair share of buyers but very little contract activity. The economy has shown signs of stabilization or at least of bottoming and the result has been a slight increase in buyer activity and inquiries. The federal government has been helping by putting pressure on mortgage rates (lowering) and offering incentives for first time home buyers. To support this thinking we have seen 7 new pending transactions from all over the market. They include 4 single family homes ranging from $599,000 to $895,000, 1 Aspen’s home and a townhome at Teton Village priced at $1,795,000. Congrats and good luck to all the involved Jackson Hole real estate agents.

To find out what we choose as out Top 3 Picks click the link. If you have any additional questions or thoughts about available Jackson Hole homes, vacant land or current activity please feel freee to contact us – the Jackson Hole Experts – Christy and Garth Gillespie toll free at 877-739-8056

QUICK LINKS

Our Properties
Communities
About Us
Contact

CHRISTY GILLESPIE

Associate Broker
Cell (307) 413-5242
Office (307) 732-7610
christy@jhexperts.com.com

GARTH GILLESPIE

Sales Associate
Cell (307) 413-5243
Office (307) 732-7611
garth@jhexperts.com

STAY CONNECTED

Christy & Garth Gillespie is a team of real estate agents affiliated with Compass Real Estate, a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

© Copyright 2018-2023 Christy & Garth Gillespie. All rights reserved.