16 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.
Photo featuring: Hayden Fake, Real Estate Advisor Engel & Völkers, a European-based premium real estate brand, is excited to have its international presence in Jackson Hole. This brings the firm’s global network and exclusive level of service to residents of the area. Engel & Völkers Jackson Hole is ideally situated just off the square in Downtown Jackson. It provides leading services for buyers and sellers of premier properties in not only Jackson Hole but the Westbank, Teton Village, Star Valley, Teton Valley and its surrounding areas.
Opening the door to the life you aspire.
Engel & Völkers evokes a real estate experience of the highest caliber with the utmost competence, expertise and passion for all that we do.
70 King Street Jackson, Wyoming 83001 (307) 201-8800 jacksonhole.evusa.com
Since its beginning in 1977 as a specialty boutique providing exclusive, high-end real estate services in Hamburg, Germany, Engel & Völkers has become one of the world’s leading companies specializing in the sale and lease of premium residential and commercial property, yachts and private aviation. Engel & Völkers currently operates a global network of over 10,000 real estate advisors in more than 800 brokerages spanning more than 30 countries across four continents, offering both private and institutional clients a professionally tailored range of luxury services.
It established its North America corporate headquarters in 2007 and opened its first brokerage in the same year. Committed to exceptional service, Engel & Völkers supports its advisors with an array of premium quality business services; marketing programs and tools; multiple platforms for mobile, social and web; as well as access to its global network of real estate professionals, property listings and market data. Engel & Völkers is an active supporter of the Fair Housing Act and the Equal Opportunity Act. Each brokerage is independently owned and operated.
About our Team
WE COLLABORATE. Our team works in an open office environment to allow creative input from every member.
WE GET REAL ESTATE. Our team has over a century of combined experience and are market experts in Jackson Hole, Westbank, Teton Village, Star Valley & Teton Valley.
WE EVOLVE TO STAY CURRENT. Whether it’s a new social media platform or mobile app, we constantly educate our team on the most effective way to reach potential buyers across the globe.
WE MOVE FAST. We will have your property marketed and distributed locally, nationally, and internationally faster than any other agency.
WE HAVE PROVEN RESULTS. We have sold hundreds of millions of dollars in real estate. Our track record shows that we do not give up, that we meticulously pay attention to detail and we understand the legal process as well as the art of the deal.
70 King Street Jackson, Wyoming 83001 (307) 201-8800 jacksonhole.evusa.com
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.
Significant Sales
Here are some of our significant sales over the last 27 years that we have been involved with either on the listing, selling or both sides.
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
VOGEL HILL RANCH #10
35-acre parcel with elevated views of the valley and Tetons 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
SPRING CREEK EQUESTRIAN CENTER World Class Equestrian Facility in the heart of Jackson Hole List price $20 million (2002 sale)
FAIRWAYS ESTATE AT JACKSON HOLE Stunning 8,000 sq. ft. home on three acres with big Teton views List price $6.25 million
GRANITE RIDGE LODGE #10 Luxury Ski townhome located directly on the slopes at Teton Village List price $4.2 million
PACIFIC CREEK IN-HOLDING Custom log home with two parcels on Pacific Creek, totaling 8.8 acres List Price $8.5 million
RIVER SPRINGS A luxury three lot subdivision on the Snake River List price $7.2 million
TUCKER RANCH Custom log home in Tucker Ranch List price $10 million
FAIRWAYS ESTATES LOT 37 Exquisite home with panoramic Teton and Sleeping Indian views List price $5.95 million
GRANITE RIDGE HOME LOT 7
Luxury Ski Home located directly on the slopes at Teton Village List price $11.9 million
FAIRWAYS ESTATES LOT 8
Warren Adler’s, author of War of the Roses, personal residence List price $6.5 million
3 CREEK CABIN
Custom Cabin on the golf course List price $4.35 million
4/B RANCH
The historic 4/B guest ranch (85 acre Ranch + a 35 acre parcel) $14.95 million
GILL ADDITION
Landmark sale in the most desirable location in town on the National Elk Refuge $4.8 million
KING STREET PENTHOUSE Top floor penthouse with the best views in downtown Jackson
List price $4.5 million
TOWN OF JACKSON Six town-size multi-family lots with 12 modular homes
List price $7.5 million
WILL YOU BE ONE OF OUR SIGNIFICANT SALES IN 2022?
Closings with a Cause
Teton County realtors support affordable housing through launch of the Community Housing Fund.
The meteoric rise in housing prices in Teton County in 2021 has had a devastating effect for many in the community experiencing housing insecurity. Concerned about the rapidly changing character of Jackson Hole and the ability for essential employees to afford stable, secure housing, Teton County’s real estate community is stepping up to help.
Inspired by Devon Viehman, with full support of the Teton Board of Realtors, the Community Housing Fund was launched to make it easy for every agent and seller, at every transaction, to dedicate a portion of their proceeds to the development of new affordable housing opportunities for the workforce. The Community Housing Fund pools donations to maximize impact on this all-encompassing issue. In time, with the leadership from the real estate community, Viehman aims to grow participation in the program year-over-year so that contributions can have a profound impact on the community’s housing crisis.
With support of Jackson’s escrow community, each time an agent orders a title commitment, all agents, buyers, and sellers will be asked: “Does the Agent, Seller or Buyer intend to designate a contribution to the TBOR Community Housing Fund at closing?” Each donor directs their gift toward the support of the design, development, and construction of qualified affordable housing in Teton County, Wyoming.
In full support of the goals and objectives of the Community Housing Fund, 22 Fund Founders, pledged over $150,000 to the Community Housing Fund to close out the Jackson Hole Community Housing Trust’s $2.1M capital campaign that will make 24 affordable homes possible at 174 North King Street.
Of the Fund, Devon Viehman said, “The housing problem in our community affects every household, organization and employer in our community. Jackson is the community we all love because of dedicated, hardworking people who call this place home, but too many people are struggling to make ends meet. Our community needs this Fund now more than ever.”
Of the support from the Teton Board of Realtors, Anne Cresswell, Executive Director of the Jackson Hole Community Housing Trust said, “The warm and enthusiastic response from the real estate community for the Community Housing Fund was inspiring. Their support was unanimous and their gratitude for the work of dedicated professionals in our community is sincere. With the support of the Community Housing Fund, the Community Housing Trust is delighted to close our fundraising efforts on King Street so that we can prioritize design and development work on our future projects.”
Sellers in the valley, wondering how they can make a difference, found the opportunity provided by the Community Housing Fund a great way to make an immediate impact. In 2007, Meg Daly and Mark Llinares bought a home in Rafter J. Fourteen years later they are ready to pursue other opportunities outside of Jackson. Over time, watching the prices of homes skyrocket, Meg said, “We have young, professional friends who live in rundown, cramped conditions. This is not sustainable. In addition to selling our home to a local Jackson family, we are thrilled to contribute to the Community Housing Fund – it allows us to give back a portion of our good fortune. We don’t want to be a part of the problem and the Community Housing Fund is a streamlined way for us to be a part of the solution.” Currently, the Community Housing Fund has three beneficiaries — the Jackson Hole Community Housing Trust, Teton Habitat for Humanity of the Greater Teton Area, and the Teton County Idaho Joint Housing Authority — with shovel-ready projects in need of philanthropic support.
Are you buying or selling a home? Consider donating a portion of the proceeds to the Community Housing Fund and encourage your realtor to join you.
For more information about the fund, contact Carma Miller at info@tbor.org or visit CommunityHousingFund.com. “The warm and enthusiastic response from the real estate community for the Community Housing Fund was inspiring. Their support was unanimous and their gratitude for the work of dedicated professionals in our community is sincere. With the support of the Community Housing Fund, the Community Housing Trust is delighted to close our fundraising efforts on King Street so that we can prioritize design and development work on our future projects.”
Anne Cresswell
Executive Director of the 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 2021 compared to 2020. * 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.
26TH ANNIVERSARY
DAVID VIEHMAN DEVON VIEHMAN LUKE SMITH JOSIE DANIEL KARA PEARSON
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.
