New Listings at Cottonwood Flats – Jackson, Wyoming

New Real Estate Inventory in the Town of Jackson.  Extremely rare offering - Don't miss the opportunity!

New Real Estate Inventory in the Town of Jackson. Extremely rare offering – Don’t miss the opportunity!

 

 

 

 

 

 

 

 

 

Christy and Garth Gillespie, Jackson Hole Real Estate Associates, are excited to announce the release of 2 (2) bedroom townhomes in the Town of Jackson.  Brand new and never have been lived in these 1,100 square foot townhomes have Teton views, a 1 car garage, new appliances and the fresh “never been lived in” smell.  For more information on this exclusive listing please contact us at 307-413-5243 or email us at gillespieteam@jhrea.com.

Prices for these new townhomes start at $457,500.

 

 

 

 

Best Teton Views In the Town of Jackson

Fabulous home on Snow King Mountain with some of the best views of the Tetons.

Fabulous home on Snow King Mountain with some of the best views of the Tetons.

6 Bedroom, 4,500 sq. ft. home with 5 garage bays.  Borders the National Forest

6 Bedroom, 4,500 sq. ft. home with 5 garage bays. Borders the National Forest

 

 

 

 

 

 

 

 

 

Just Listed!  955 Snow King —

This 4,424 beautiful multi-level home has stunning views of the Elk Refuge and Teton Range. This home has been thoughtfully built into a gently sloping hillside which maximizes the Teton views from almost every room. The entry features a grand foyer with cathedral ceilings and a staircase that ascends to the centerpiece of the home on the 2nd level. This middle level features an inviting open floor plan with multiple living areas perfect for family living or entertaining. A gracious living room with a gas fireplace opens to a beautiful dining area & a curved custom built bar. Vaulted ceilings, hickory floors, and expansive windows create a sense of warmth and space to the dining room and kitchen areas.

The spacious kitchen flows from the dining area and is wonderfully designed with large windows for plenty of sunlight and access to the deck and hot tub area. The kitchen also features: a walk in pantry, cozy sitting area complete with a gas fireplace and access to a media room to enjoy a family movie or curl up with a great book. The upper level of the home is a master suite with vaulted ceilings and a cozy sitting area with a gas fireplace. Large windows and its own private deck allow you to bask in the view of the Tetons. The master bath is as equally inspiring with perfectly framed views, steam shower and large soaking tub. The upper level is complete with 2 more spacious guest rooms & a bath. The lower level of the house features 2 bedrooms which can easily become a guest apartment with its own private access and garage. The home features a total of 5 attached garages and 2 mud rooms, a dog wash, a wine cellar, expansive landscaping with rock terraces and wildflower gardens. Not to mention you can hike from your back door into USFS for miles.

Price — $1,875,000

For additional information on this wonderful listing or to set up a showing please contact the “Jackson Hole Experts” Christy and Garth Gillespie at 307-413-5243 or email us at gillespieteam@jhrea.com.

Jackson Hole mountain cottage for sale

Excellent opportunity to own in the Aspen's.  Just 5 minutes from Jackson Hole Mountain Resort

Excellent opportunity to own in the Aspen’s. Just 5 minutes from Jackson Hole Mountain Resort

Great living area with wood stove

Goldilocks never had it this good –

An absolutely charming cottage in the woods located on a half- acre in a quiet part of the Aspen’s neighborhood. Vaulted ceilings, quaint remodeled kitchen, a cozy loft library and plenty of skylights make you embrace this home. This 3 bedroom home is comprised of 1,554 livable square feet and a 2 car detached garage.

Christy and I are excited to announce our new listing in the Aspens/Racquet Club area.  Located just minutes from the Jackson Hole ski area the home offers a perfect retreat for under $1 million.  The Aspen’s is a nice quiet neighborhood with a true alpine feeling.  Services in the area include a grocery store, bus service, a couple of restaurants, a workout facility and a golf course at the Teton Pines.

The Price is $885,000.

To get additional information on this property please call us at 307-413-5243.

Vote for Best of JH – and Best Real Estate Agent

The time has come again to vote for the Planet JH’s Best of Jackson Hole.

 

Why vote for Christy and Garth as the best real estate agents in Jackson Hole?

– In 2013, our average sales price to list price was 97.9%. The market average was 91.3%.

– Our listings sold 3 months faster than the market average.

– We sold a property every 9 days in 2013.

2013 Year End Market Report

Watch a video to see what Christy has to say about the 2013 market and how it will lead into 2014.

For a more detailed report, please read the 2013 Market Report.

Wyoming Taxes – Great Facts About Wyomings Wonderful Tax Climate

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Last week Christy and I were treated to an excellent discussion at our Jackson Hole Sotheby’s International Realty morning meeting about Wyoming Taxes.  Every Wednesday the agents and staff at Sotheby’s get together to discuss new listings, recent sales activity, office policies and important educational seminars.  This past week we had the pleasure of having Jim Gersack, VP of Wealth Management at First Interstate Back in Jackson Hole (who can be reached at 307-732-7852 or by email at james.gersack@fib.com) give us an interesting presentation of the current momentum Wyoming is receiving from individuals looking to relocate their residency to Wyoming.  You see, Wyoming is simply one of the top states in the country to live in if you are looking to preserve wealth and to avoid major taxes that many state impose on individuals and businesses.

So why is Wyoming so special?:

In March, 2013 Wyoming was rated as the top tax-friendly state by Barrons Penta (Barron’s Penta offers advice for families with assets of $5M or more). Residents of Wyoming reap significant tax benefits due to its tax certainty, asset and creditor protection and state budget surplus of $1 billion.

• According to a study by 24/7 Wall Street, Wyoming is the 2nd best run state with regards to account debt per capita, budget deficits, unemployment, and median household income

• Wyoming has very progressive estate and tax planning legislation with more to come

• Wyoming has $6.1 billion in their Mineral Trust Fund and nearly $1.3 billion in cash in their Legislative Stabilization Reserve Account

• Wyoming has a AAA credit rating, the highest possible (and better than the Federal Government)

• All Wyoming high school graduates have access to the Hathaway Scholarship, a state program that provides free college tuition who qualify with both merit- and needs

• And if you need more convincing, Wyoming has the lowest beer tax at just 2 cents per gallon.

When compared to higher tax states such as California, New York, Illinois or Maryland (which recently instituted a “rain tax” estimated to cost Marylanders $300 million annually) it becomes clear why Jackson Hole, Wy is experiencing a surge of tax-motivated buyers.

To learn more about Jackson Hole and some of its advantages please feel free to contact us – the Jackson Hole Real Estate Experts – at 307-413-5243 or by email at Garth.gillespie@jhsir.com


 

 

One of Jackson Hole’s Most Active Real Estate Neighborhoods In 2013 — Melody Ranch

Melody Ranch - Jackson Hole

Great property in Melody Ranch. Best price per square foot in the subdivision!

The 2013 Real Estate Market in Jackson has been one marked by vast improvement over past years.  This of course should be expected after a few of our worst years (2009, 2010, 2011).  2013 has been tracking below the “glory years” of (2007, 2006, 2005) but overall we have seen robust sales and sales volume.

One neighborhood that has seen an incredible rebound is the South of Jackson neighborhood – Melody Ranch.  Melody Ranch is a beautiful neighborhood just 4 miles south of Jackson and it is relatively a young subdivision for Jackson standards as it is less than 20 years old.  Newer homes, floor plans and house designs are attractive for many residents in the Jackson Hole area.

Melody Ranch has always seen active sales as it offers an opportunity for new residents, residents moving up in the market and residents looking to change addresses due to the wonderful views and weather Melody offers.  Sales for the past 10 years are as follows:

2004 : 12

2005: 25

2006: 21

2007: 16

2008: 8

2009: 13

2010: 13

2011: 10

2012: 12

2013 is looking much stronger as we have already seen 17 sales and there are 6 pending transactions.  There are currently only 5 active listings.  Wow – What a great time to think about listing in Melody!  We have seen nice appreciation this year and expect that to continue with the lack of inventory.

To learn more about Melody Ranch – Call Christy and Garth Gillespie at 307-413-5243.  We have represented the most buyers and sellers in Melody Ranch for the past 5 years and nobody in the Jackson Hole Real Estate business has even gotten close to our success.  We have proven sales techniques that we are happy to share with you.  We have have the most complete market report for the area.  Email us at garth.gillespie@jhsir.com for a Free Market Update!

Jackson Hole #1 Overall Resort in North America by SKI Magazine

Jackson Hole was voted #1 Overall Resort in North America by SKI Magazine. We hope to see you here this winter!

 

Jackson Hole Luxury Homeowners –

Exterior - northside_revToday’s luxury homeowners and buyers are savvier and more confident than ever according to a study by Better Homes and Gardens Real Estate.  Christy and I found the information very interesting and it seems to support what we are seeing in the Jackson Hole Real Estate market today.  In 2012 we had a total of 49 transactions over $3,000,000 and as of today we already have 35 transactions with some of our strongest closing months ahead.

The national survey of over 500 luxury home buyers had many interesting findings:

  • 75 percent of the luxury home buyers believe home ownership is a more sound investment than the stock market and 57 percent of employed luxury homeowners believe home ownership is a bigger indicator of success than their job or title.
  • A majority of luxury homeowners surveyed (53%) prefer owning multiple “lifestyle” homes to support activities like skiing and golf.
  • 58% of luxury home buyers already own multiple homes to support their lifestyle activities.
  • 60% of luxury buyers surveyed would rather have as many upgrades as they can afford verse larger square footage.
  • Nearly all (94%) of luxury home buyers would be willing to give up 1,000 square feet of living space from their next home in order to get a lifestyle amenity they desire, such as — Living in a better neighborhood (54%), living in a house that has “character” (51%), more land (44%), access to dining and entertainment (39%).
  • (66%) would rather have a “smart” home verse a “green”” home.
  • (87%) would not consider living in a home that is not tech-friendly.
  • Three of the top 5 luxury home essentials are outdoor orientated:  A garden oasis (53%), outdoor fire pit and or fireplace (50%) and a separate guest house outside of the main home (47%).

Those are some very insightful results.  If you are thinking of buying a luxury home or are in the process of remodeling or building one in Jackson Hole these results should be considered.

If you have any interest in learning more about Jackson Hole’s luxury real estate market please feel free to email us at  garth.gillespie@jhsir.com or drop us a phone call at 307-413-5243.

 

August 2013 Jackson Hole Real Estate Market Review

After a hiatus Christy and Garth Gillespie are back to blogging.  The Jackson Hole real estate market has been very busy so far for 2013.  We have been exceptionally busy and are having one of the best years that we can remember ever having.  Why?  We pride ourselves in pricing properties correctly and educating our Sellers and Buyers as to what is “current market”.  We have seen 4-5 years of depreciating sales and prices so now that we have better sales and prices are increasing it takes time to understand the market.  Unfortunately many sellers and agents working with sellers have over priced their properties because they saw the market heat up.  Buyers are out there but they are not stupid and are not willing to over pay for properties now that the market has done better these past 6 months.  There has been a nice increase in property prices of anywhere between 10-20%.

August was a good month with 50 sales market wide.  Over half the sales were for single family homes spread out around the valley.  Town had the most sales with 13 but also the lowest average sales price so most of these sales were either condos/townhomes or entry level homes.  North of Town also saw nice traffic as we had 7 sales.  Teton Village, 6 sales, has invested a lot of money in its infrastructure in the past 4-5 years and it is starting to see the benefits as occupancy has been at very high levels all summer.  Melody Ranch had a good August with 4 sales including the first reported million dollar sale of the year at $1.1 million (Listed by Garth and Christy Gillespie).

The highest sale recorded in August was $19,250,000 million for a home/estate located at Teton Village. Notably both sides of the transaction were represented by Jackson Hole Sotheby’s International Realty.  The Auction was put on by Concierge Auctions.

Total Sales Volume for August was just about $70 million.  Average Sales Price verse List Price was 95%.  Median sales price was $770,000 and the average sales price was $1,334,000.

If you have any questions or comments about this report please feel free to email Garth at garth.gillespie@jhsir.com or to call at 307-413-5243.