13 minute read
Meet the Team
David Viehman
Associate Broker
David Viehman understands that real estate is about relationships – the ties forged between people and place. He has devoted his life to sharing the valley he loves so dearly with people keen to plant roots in Jackson Hole. A Florida native, David moved to Jackson over three decades ago with his wife Donna and daughter Devon. Having begun his real estate career in 1982, David dove into the Teton real estate world, and quickly discovered the valley presented a distinct market worthy of analysis. Twenty-six years ago, he published the first Jackson Hole Report, a quarterly newsletter tracking sales and listings. Now considered the definitive source on valley real estate trends, the Jackson Hole Report has been cited in national publications including The Robb Report, The Wall Street Journal, New York Times, US NEWS, Chicago Tribune, Washington Post, Los Angeles Times, San Francisco Chronicle, and NPR. To this day, David’s singular approach to the local market melds detailed analytics with personal attention. Knowing the valley as well as he does allows him to deftly find and feature properties for his clients, particularly when it comes to the luxury market.
307 690 4004 david@jacksonholereport.com Growing up in Jackson Hole, Devon Viehman embraced the cowgirl lifestyle with a drive and determination that foreshadowed her career to come. Beyond the rodeo arena, Devon has built a name for herself as topproducer among valley Realtors. She has garnered industry accolades throughout her sixteen-year career: In 2011, Realtor Magazine featured her as one of its Realtors to watch on “The 30 Under 30” national list. She served as the youngest-ever President of the Teton Board of Realtors in 2012 and was named Realtor of the Year by the Wyoming Association of Realtors the following year. Committed to development, Devon was elected as the Wyoming Association of Realtors 2018 President and serves on committees for the National Association of Realtors. Every quarter, she co-authors the Jackson Hole Report with her dad, David and husband, Luke. She is currently a Teton County Planning Commissioner and is committed to seeing Jackson Hole grow in a smart, sustainable way. Her professional accomplishments are matched by the fulfillment she feels as a mother to her 13-year-old son.
307 690 0621 devon@jacksonholereport.com Raised in Jackson Hole, Luke was introduced to the myriad of outdoor pursuits Jackson Hole has to offer at an early age. From camping, mountain biking, hiking, river floating and fishing in the summers to skiing, ice hockey and snowmobiling in the winters, Luke has lived the Jackson lifestyle since a very young age. The abundance of activities and fun that the Jackson Area has to offer is what brought Luke home after college.
A graduate of Colorado State University, Luke is a successful small business owner in Jackson and brings his down-to-earth practices to real estate. Luke understands that lasting relationships are the foundation for a successful relationship with his clients. He has been here for decades and will be here for decades to come. An 11-year veteran of the Moose Hockey team, Luke still enjoys participating in Jackson Youth Hockey as a coach and continuing the tradition his father started decades ago. He is an avid fly fisherman and enjoys sharing a day on the river with friends and clients; letting them experience the river.
307 699 5921 luke@jacksonholereport.com
Devon Viehman
Associate Broker
Luke Smith
Associate Broker / Licensed in WY & ID
Josie Daniel
Sales Associate
Josie moved to Jackson Hole 18 years ago after spending a single summer being mesmerized by the stunning beauty of this small Western town. She grew up in Lookout Mountain, Georgia with a deep love of home, family, community, and lasting relationships. After graduating from the Baylor School in Chattanooga, Tennessee, Josie went on to the University of Georgia where she studied Studio Art. Her art education led to a lasting interest in design of interior spaces, particularly of homes.
After settling in Jackson, her western home and heart were made whole with the addition of her children, Gaines and Susannah. Motherhood is, without a doubt, her proudest achievement, she says. Raising her children in Jackson Hole is a continuous joy that naturally evolved into a strong desire to match others with the perfect home for their families.
Perhaps the most important thing to know about her is that she does not simply talk about buying a home and investing here. As a homeowner, mother, resident, and member of the community, she is fully invested and is proud to call Jackson Hole her home.
THERE ARE MANY REASONS TO LOVE WYOMING...
Why Wyoming
For a decade running, Wyoming has ranked #1 for business-friendly taxation on Tax Foundation’s annual State Business Tax
Climate Index.
No state income tax
No corporate tax
No estate tax
No capital gains tax
No trust tax
Low sales tax
Low property tax
Low inheritance tax Wyoming does not charge state tax on
personal or corporate income. And its sales tax, property tax and inheritance tax are among the lowest in the U.S. In particular, property taxes are based on assessed value. The Teton County rate is 1.2% of the property’s assessed value while the Town of Jackson rate is 0.8%.
In Wyoming, you can shield your real estate from federal estate taxes for up to 1,000 years by establishing a dynasty
trust. As a result, multiple generations can make use of and enjoy the property without having to pay estate taxes or worse, having to sell the property in order to pay the taxes.
No state gift tax: a Wyoming property owner can gift that real estate to their heirs without paying a state gift tax.
No tax on out-of-state retirement income. Second-homeowners may have retirement income from another state; Wyoming doesn’t tax retirement income earned beyond its borders. No excise sales taxes. A tank of gas or bag of groceries are not burdened by state tax.
No intangible taxes: Wyoming does not tax financial assets like stocks and bonds. No tax on the sale of real estate.
No tax on mineral ownership.
Extensive · Domestic · Global · Exposure
Not all properties are created equal, yet Engel & Völkers values every home our advisors represent and will dedicate the expertise, time, and unmatched marketing resources we possess to help you sell your property to the right buyer at the right price. Our Extensive Domestic & Global Exposure (EDGE) platform provides unprecedented reach to get your property in front of qualified consumers, whether they are next door, in The Americas or abroad, because they deserve to see it, and you deserve to sell it. Working with an Engel & Völkers advisor gives you the EDGE that allows each home listing extensive online exposure in major markets where a potential buyer for your property may exist, with today’s savvy consumers and international clientele. But we don’t stop there ...
Engel & Völkers provides luxury services to each of its clients worldwide. With a global network of more than 16,000 real estate professionals in over 37 countries, we not only reach millions of targeted consumers, but we collaborate with our fellow Engel & Völkers advisors to strategically handpick and refer buyers for the specific properties they seek ... like yours.
Significant Sales
Here are some of our significant sales over the last 30 years that we have been involved with either on the listing, selling or both sides. Will you be one of our
significant sales in 2022?
PACIFIC CREEK IN-HOLDING Custom log home with two parcels on Pacific Creek, totaling 8.8 acres. List Price $8.5 million
3 CREEK CABIN
Custom Cabin on the golf course. List price $4.35 million
ON SNAKE RIVER
215 acres north of Jackson, on Snake River (first sale ever). List price $5 million
HUCKLEBERRY ESTATE Rare Legacy Estate Offering on Six Lots at Jackson Hole Golf & Tennis. List price $15.5 million
ELLEN CREEK
Luxury Living in Teton Village at this ski retreat. List price $12.5 million
SPRING CREEK EQUESTRIAN CENTER
World Class Equestrian Facility in the heart of Jackson Hole. List price $20 million (2002 sale)
VOGEL HILL RANCH #10 35-acre parcel with elevated views of the valley and Tetons. List price $8.5 million
FAIRWAYS ESTATE AT JACKSON HOLE Stunning 8,000 sq. ft. home on three acres with big Teton views. List price $6.25 million
RIVER SPRINGS A luxury three lot subdivision on the Snake River. List price $7.2 million
4/B RANCH
The historic 4/B guest ranch (85 acre Ranch + a 35 acre parcel). List price $14.95 million
GILL ADDITION
Landmark sale in the most desirable location in town on the National Elk Refuge. List price $4.8 million
3 CREEK CABIN
Custom Cabin on the golf course. List price $4.35 million
FAIRWAYS ESTATES LOT 37
Exquisite home with panoramic Teton and Sleeping Indian views. List price $5.95 million
GRANITE RIDGE LODGE #10
Luxury Ski townhome located directly on the slopes at Teton Village. List price $4.2 million
FAIRWAYS ESTATES LOT 8
Warren Adler’s, author of War of the Roses, personal residence. List price $6.5 million
GRANITE RIDGE HOME LOT 7 Luxury Ski Home located directly on the slopes at Teton Village. List price $11.9 million
TUCKER RANCH Custom log home in Tucker Ranch. List price $10 million
Downtown Jackson just got a little more Affordable
Community Housing Trust celebrates completion of 24 Affordable homes
174 North King provides stable, Affordable housing for 41 people in our community. On average, King Street homeowners have served Teton County for over 14 years, cumulatively giving back over 10,000 volunteer hours.
From the lowest cost unit to the highest cost unit, the condos at King Street were priced to be affordable to households earning between $51,278 (63% AMI) and $99,397 (86% AMI).
The Town’s contribution to this project includes land and $1.25m, in exchange, they were provided with five housing options for Town employees.
The Community Housing Trust leveraged the Town’s contribution with private philanthropy ($1.1m) and the sale of four Employer Option Agreements ($1.1m), which allowed employers to secure affordable housing on behalf of their employees. This pilot program allowed the CHT to raise meaningful capital required to support construction of the Affordable homes, while minimizing the burden on donors and taxpayers.
Of the newest homeowners, Anne Cresswell, Executive Director, says “They are our teachers, managers, fire fighters, first responders, physical therapists, counselors, guides, and carpenters, all of whom make our community great. Each have given so much to our town and it is an honor to give back to them a place to call home.”
Of the opportunity to purchase a home at King Street, Leslie and David Gomez said, “It has had a profound and measurable impact on our family and on our quality of life.”
The Gomez’s have worked for the Forest Service for over 23 years. David is the National Helicopter Program Manager on behalf of the National Forest Service, and Leslie is the North Zone Fire Prevention Specialist for the Bridger Teton, Blackrock and Jackson Ranger districts. In their spare time, David serves on the Teton Helitack Crew and Leslie is a USFS Smoke Jumper. Prior to having stable housing in Jackson, the Gomez family commuted from Driggs to their jobs in Jackson—jobs that often require overtime and significant travel.
“Now that we live in the community where we work, is it clear the incredible toll it took on our family to commute to work and school every day. Living here gives us peace of mind that we’re all in the same area versus being over the hill which was incredibly stressful. To have the opportunity to work and live in Jackson is a blessing. To have the priceless time back in our day means more family time, more time enjoying this beautiful place, close to friends, enjoying this community.”
To support the essential work of the Community Housing Trust, donate today at HousingTrustJH.org
Anne Cresswell
Executive Director, Jackson Hole Community Housing Trust
We hope the Jackson Hole Luxury Report gave you a snapshot of the trends unique to our local luxury market. To further discuss our research or to receive a digital copy, please contact us at (307) 690-4004 or david@ jacksonholereport.com. You also can write to us at: P.O. Box 2431, Jackson, WY 83001, Attn: David Viehman.
* All statistics quoted in the Jackson Hole Luxury Report have been supplied by sources that have been deemed reliable but are not guaranteed. * All statistics are based on sales in 2022 compared to 2021. * If your property is currently listed, this is not meant as a solicitation.
JACKSON HOLE LUXURY REPORT GLOSSARY
Median sale price: the price of a property that falls in the exact middle of the price scale, as in there are the same number of sales above and below it.
Average sale price: the total combined dollar volume divided by the number of sales.
Market value: the value of property in terms of what it can be sold for on the open market; current value. Overall: All luxury sales in Teton County combined – homes, lots, condos, commercial and ranch.
© Copyright 2013-2022 by David E. Viehman. 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 David E. Viehman.
27TH ANNIVERSARY
DAVID VIEHMAN DEVON VIEHMAN LUKE SMITH JOSIE DANIEL
PO Box 2431, 70 S. King Street | Jackson, WY 83001
Our mission.
Our Group offers guidance and outstanding market knowledge to successfully navigate you through the Jackson Hole luxury real estate market. Give us your list of must haves, we’ll listen to your vision and bring it to life. Our Group is passionate about matching our clients with homes that reflect their lifestyles. Our team-approach philosophy ensures your needs are important to each and every member of our organization. We value the opportunity to serve all your real estate needs.
