Last Real Mountain Town | Stay Wild Jackson Hole

Jackson Hole is the most unique mountain town there is, surrounded by public lands and open spaces that harbor the most abundant wildlife and recreational access to wild lands. As other ski resort destinations are consolidating, Jackson Hole remains fiercely independent.

It is a celebration of Wyoming beauty, ruggedness and commitment to conservation and the people and places that make our area unique. A gateway to something more than ourselves. An opportunity to set ourselves free and to stay wild.

Winter has arrived in the spectacular Jackson Hole area. With an authentic, spirited, and distinctive Western mountain character, Jackson Hole is a popular destination for adventure seekers and families. Jackson Hole consistently gains notoriety around the globe from esteemed publications such as Forbes, Conde Nast and Ski Magazine, and consistently ranked #1 most easily accessible ski resort with nonstop flights from twelve major US cities.

The launch of the Private Jet Services Rendezvous Jet Card has made hitting the slopes even more convenient for visitors and residents. Jackson Hole Real Estate Associates has partnered with Private Jet Services, and we are happy to provide more information about the Rendezvous Jet Card.

As a market leader in the Jackson Hole area, we welcome the opportunity to be a resource regarding lifestyle and real estate in the Teton region. We look forward to hearing from you as you get acquainted with this incredible destination or to learn more about Jackson Hole. We are the Jackson Hole Experts.

 

Principles of a Healthy Home

A healthy home supports and protects the health and safety of its occupants. According to Vickie Memmer of Teton Healthy Homes, most people spend about 70% of their time indoors, more for children and the elderly. “The air we breathe indoors can be more polluted than the outside air,” Says Vickie. But what makes a healthy home environment? Housing conditions can and should support good health. Here we are presenting healthy home principles as provided by the National Center for Healthy Housing. Healthy homes are:

Dry: Damp houses provide a nurturing environment for mites, roaches, rodents, and molds, all of which are associated with asthma.

Clean: Clean homes help reduce pest infestations and exposure to contaminants.

Ventilated: Studies show that increasing the fresh air supply in a home improves respiratory health.

Pest-Free: Recent studies show a causal relationship between exposure to mice and cockroaches and asthma episodes in children; yet inappropriate treatment for pest infestations can exacerbate health problems, since pesticide residues in homes pose risks for neurological damage and cancer.

Safe: The majority of injuries among children occur in the home. Falls are the most frequent cause of residential injuries to children, followed by injuries from objects in the home, burns, and poisonings.

Contaminant-Free: Chemical exposures include lead, radon, pesticides, volatile organic compounds, and environmental tobacco smoke. Exposures to asbestos particles, radon gas, carbon monoxide, and secondhand tobacco smoke are far higher indoors than outside.

Maintained: Poorly maintained homes are at risk for moisture and pest problems. Deteriorated lead-based paint in older housing is the primary cause of lead poisoning, which affects some 535,000 U.S. children.

Thermally Controlled: Tenants and homeowners are at risk for various health problems related to prolonged exposure to excessive heat or cold when their homes do not maintain adequate temperatures.

Good home maintenance can act to reduce allergens, prevent illness, and reduce injury from accidents. When was the last time you inspected your attic for leaks, or looked in in your crawl space for signs of moisture or pests? What about your dryer vent? Is it vented to the exterior of your home or does it dead end in your attic? When was the last time you checked it for lint accumulation that could pose a fire hazard?

If you have questions about a healthy home environment, we are happy to assist. We provide health and wellness services through Jackson Hole Real Estate Associates/Christie’s International Real Estate’s Chief Wellness Officer and Programs. Contact us for more information.

 

2018 Q3 Jackson Hole Real Estate Market Report

We are proud to present our comprehensive market report for the third quarter of 2018. Assembled from Jackson Hole Real Estate Associates’ proprietary database, the most extensive source of information about the region’s real estate market, and insight from us as well as JHREA professionals. The report provides valuable insight into the market segments that make up the Jackson Hole area. CLICK TO VIEW FULL REPORT.

JH 2018 Market Report _Q3_v4_GillespieCOVER

Jackson Hole’s real estate market remains on a strong path through the third quarter, with 12 percent more sales and a 13 percent increase in median sale price compared to the same period last year. Rising prices have caused supply of properties under $500,000 to dwindle, which is apparent in the 21 percent decline in transactions below that price point.

The most sales took place in the $500,000 to $1 million segment, which accounts for more than one-third of sales this year. The $2 million to $5 million segment notched the largest gain in transactions, up 83 percent compared to a year ago.

The Town of Jackson continues to lead the area by far in sales volume. Even so, overall, inventory fell again, down nearly 20 percent, which contributed to a 16 percent decrease in the average property’s days-on-market.

Info Graphic JHREA Market Report Q3_cropped2

Interested in a market update in your specific neighborhood or area? CONTACT Christy and Garth Gillespie for a market specific report.

Global Economic Insights: Global Real Estate Trends

In the latest edition of Global Economic Insights, LeadingRE’s Chief Economist Dr. Marci Rossell, Ph.D., addresses global price appreciation and a few factors that price appreciation is dependent on.

In many places around the globe, home prices have appreciated significantly over the past few years, which leaves people wondering whether or not the appreciation will continue.

Price appreciation is dependent upon the security of the job market and potential buyers being comfortable with their income.

Contact Christy and Garth Gillespie for more information on the real estate market.

Trouts Landing in Dairy Ranches

Located on 21 acres less than 5 minutes from the town of Jackson, Trouts Landing is truly Jackson Hole real estate like no other with over 1,100 feet of prime fishing habitat on a year-round spring fed creek and a timeless 6,524 square foot home. The home was designed to incorporate the outdoors –there’s a running stream which flows throughout the property leaving you completely relaxed as you listen to the sounds of the babbling creek. There are lily flowers that greet you at the front door and out the back patio is perhaps one of the most iconic views – the Tetons perfectly frame a large lake. This video says it all…

The immaculate 6,524 square foot home, 5 bedrooms, 5 baths, 3 plus car garage, is built with all reclaimed wood and the highest quality finishes.  Across the flowing spring fed creek is a 3 bedroom guest house and studio which consists of 2.960 square feet. This property is perfectly blended with nature to create a legacy masterpiece that will endure for decades to come. Contact us for more details and view more in the full property brochure.

 

Jackson Hole Real Estate Market Report | Q3 2017

On behalf of our team of dedicated professionals at Jackson Hole Real Estate Associates, we are pleased to present our comprehensive market report for the third quarter of 2017. In this detailed report, you will find information on the market segments making up the Jackson Hole area. As the market leader in Jackson Hole, we have developed a more dynamic report that sheds fresh light on the insights and trends that are shaping our real estate market.When comparing the first three quarters of 2017 to the same period in 2016, the Jackson Hole real estate market remained steadfast. With inventory in short supply (down 11%), the number of transactions kept pace with last year. Nonetheless, demand for property in Jackson Hole remained very strong, which contributed to the increase in average sale price. The price segment with the most market share was the $500,000 – $1 million price segment with 37% of total transactions. The Town of Jackson had a 7% increase in transactions. The area furthest south of Jackson experienced the largest increase in transactions, up about 50% over last year. Approximately 43% of the transactions this year were cash transactions.

The overall market continued to experience a lack of inventory, down 11%. New, realistically-priced properties sold the quickest. In fact, the average number of days a property was on the market dropped 28% when compared to a year ago. View full report by clicking here.

Jackson Hole Real Estate Market Report | 2017 Mid Year

[vc_row][vc_column width=”1/1″][vc_column_text]On behalf of our team of dedicated professionals at Jackson Hole Real Estate Associates, we are pleased to present our comprehensive 2017 mid-year market report. In this detailed report, you will find information on the market segments making up the Jackson Hole area. As the market leader in Jackson Hole, we have developed a more dynamic report that sheds fresh light on the insights and trends that are shaping our real estate market.

When comparing the first half of 2017 to the first half of 2016, the overall number of transactions increased 10%. The area furthest south of Jackson experienced the largest increase in transactions, up about 1200%. The Town of Jackson continued in popularity garnering the most transactions of any area in the valley with 115 transactions. The price segment with the most market share was the $500,000 – $1 million price segment, 40% of the transactions. Approximately 40% of the transactions in the first half of 2017 were cash transactions.

The lack of inventory continued to be a significant issue in the Jackson Hole real estate market. As of mid-year 2017, there were 12% fewer listings when compared to this time last year. The inventory shortage was a contributing factor in increased sale prices, average sale price was up about 5%. Click to view full report.

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The Jackson Hole Real Estate Market Report for 2016 Mid-Year

We are pleased to announce the all-new Jackson Hole Real Estate Market Report for the first half of 2016. In this detailed report, you will find information on the market segments making up the Jackson Hole area. This newly redesigned market report is a more dynamic report that sheds fresh light on the insights and trends that are shaping our real estate market.

JH Q2 Market Report - Infographic

The overall market in the first half of 2016 experienced a decrease in the number of transactions, down about 14% compared to the first half of 2015. While the number of transactions fell, the average and median sale prices were still higher in the first half of 2016 than in the first half of 2015. The average sale price increased by about 9% and the median sale price increased about 10%. The average and median sale prices were higher than in 2015, but lower than in the first quarter of 2016. The difference may be attributed to the shift in the distribution of sales in the $500,000-$1 million price ranch, 39% of total sales. There were 78 transactions under $1 million. Properties also sold more quickly than in the first half of 2015. The average number of days on market decreased by 12%, and by over 18% in the single family and vacant land segments.

The inventory shortage throughout 2015 did not change much in the first half of 2016, with the number of active listings up only 1%. Without a large increase in inventory, low supply will likely continue to be a contributing factor in the balance of 2016. Click to view the full report.

Jackson Hole Real Estate Associates Winter Catalog of Fine Properties

Our winter Catalog of Fine Properties has arrived!
We are pleased to present this current selection of exceptional real estate as well as information pertaining to some of the wonderful resources and organizations available to our visitors and residents. Please stop by one of our locations to pick up a copy or follow the link to view the digital version.

View Catalog of Fine Properties >

3 Reasons to Think About Buying Real Estate Right Now

November2014-33-175x131 November2014-11-175x131 Average FICO Score FHA loan

 

 

 

 

 

Right now is an excellent time to be looking into financing  a home purchase.  As we can see from the charts above – it is easier to qualify and is cheaper than ever.  This should be the encouragement you have been looking for if you have not already made the purchase you have been dreaming about.  Christy and Garth Gillespie are experts in the real estate field and have the knowledge to assist you in looking for the perfect opportunity.  Inventory is low but there are still some excellent deals in certain segments of the Jackson Hole Real Estate market.

For more information please contact Christy and Garth Gillespie, the Jackson Hole Real Estate Experts, at 307-413-5243 or email us at garth@jhexperts.com.