N EW S Wednesday, September 2, 2015 185 West Broadway Jackson Hole, WY (888) 733.9009
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R E A L ES TAT E
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MARKET UPDATE FOR TETON COUNTY, WYOMING 7
1
Town of Jackson and Teton Village drive valley real estate market in 2015
3 2
5 6
4
8 9
Jackson Hole’s submarkets. The Town of Jackson (8) and Teton Village (1) are the two highest producing submarkets in the county. The Town of Jackson is driving the majority of activity with over 32% of transactions, while Teton Village accounts for 16% of all transactions in the area for 2015. Presently a combined share of nearly 50% of real estate transactions occur in either the Town of Jackson or Teton Village.
by Arthur Corontzes, Associate Broker
The real estate market in Jackson Hole remains strong eight months into 2015. As of August 26, 2015 there have been a total of 314 transactions in Teton County, Wyoming with 41% of the trades for single-family homes. Condominiums and townhomes account for 39% of the transactions and vacant land sales make up the final 20%. This breakdown is not surprising considering the absence of condominium/townhome sales in four of
The Town of Jackson’s sub-market is unique for many reasons. One reason being the price per square foot of single-family homes is lower See MARKET UPDATE on page 5
VACANT LAND 10 Teton County Wyoming
Pictured Above: Approximate Teton County Board of Realtors Multiple Listing Service regional areas.
JILL SASSI-NEISON VOTED “REALTOR OF THE YEAR”
1 2 3 4 5 6 7 8 9 10
Area # Sold Avg Sales Price Avg. DOM* $/Ac. Teton Village 7 2,800,000 546 1,995,927 Racquet Club / Pines 2 1,150,000 56 1,900,826 No. Of Wilson 4 779,375 173 437,237 So. Of Wilson 6 1,481,000 430 141,160 Skyline Ranch/Sagebrush 11 2,428,182 418 219,564 East Gros Ventre Butte 2 365,500 333 41,044 No. Of Gros Ventre Jct. 7 759,286 579 234,141 Town of Jackson 4 456,125 491 1,086,012 So Jackson-Snake River Bridge 12 2,182,846 457 232,135 So. Of Snake River Bridge 6 480,683 314 126,885 Total - All Areas
1,599,381
424
256,392
CONDOMINIUMS & TOWNHOMES
by Staff Writers The Teton Board of Realtors awarded Jill Sassi-Neison with their “Realtor of the Year” award for 2015 at their annual Membership Luncheon at the end of August. Sassi-Neison, an agent with Jackson Hole Sotheby’s International Realty since 2005, has made community outreach a priority in her career as well as through several elected positions within Teton Board of Realtors over the last decade.
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1 2 3 4 5 6 7 8 9 10
Area # Sold Avg Sales Price Avg. DOM* $/S.F. Teton Village 39 1,143,305 337 603 Racquet Club / Pines 18 682,736 166 511 No. Of Wilson 0 So. Of Wilson 0 Skyline Ranch/Sagebrush 5 598,000 99 432 East Gros Ventre Butte 1 1,500,000 137 453 No. Of Gros Ventre Jct. 0 0 Town of Jackson 57 515,048 90 418 So Jackson-Snake River Bridge 4 457,250 115 440 So. Of Snake River Bridge 0 0 Total - All Areas
124
746,410
180
507
SINGLE FAMILY HOMES 1 2 3 4 5 6 7 8 9 10
Area Teton Village Racquet Club / Pines No. Of Wilson So. Of Wilson Skyline Ranch/Sagebrush East Gros Ventre Butte No. Of Gros Ventre Jct. Town of Jackson So Jackson-Snake River Bridge So. Of Snake River Bridge Total - All Areas
# Sold Avg. Sales Price Avg. DOM* $/S.F. 5 3,552,800 626 945 7 3,200,000 251 730 14 2,897,429 266 811 9 2,446,889 587 525 6 3,437,500 466 766 3 3,483,333 578 734 13 3,541,923 357 748 37 894,770 138 376 31 1,228,298 192 461 4 1,168,125 96 423 129
1,982,374
267
601
The above data has been compiled from Teton County Board of Realtors Multiple Listing Service data effective August 26, 2015 and supplemented with additional brokerage data. Although the foregoing data has been compiled from sources deemed to be reliable, JHSIR does not guarantee its authenticity. It is intended for informational purposes only, is subject to prior sale, omission, error, revision and cancellation without notice, and should be independently verified with the source of such information. *days on market
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REAL ESTATE NEWS, Wednesday, September 2, 2015
& EAST
EAST
Experience the Bar BC Ranch, proudly setting a higher
standard in Jackson Hole. With just a few remaining riverfront and elevated Teton Range view parcels with blue-ribbon fly-fishing and Snake River access, opportunity is limited to be a part of this exceptional community.
Tom Evans, Associate Broker Melinda Day, Sales Associate Meredith Landino, Associate Broker Valerie Conger, Sales Associate
307.739.8149 TomEvansRealEstate.com
#1 SELLING REAL ESTATE AGENT 2014
REAL ESTATE NEWS, Wednesday, September 2, 2015
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Waterfront Estate Home in Teton Springs Waterfront | Mountain Views | .44 Acres $985,000. #15-1770
4 Kearsley Lane is one of the first and most architecturally significant homes built in Teton Springs. This estate quality home affords waterfront views over Rainbow lake and the fifth green of the Championship Headwaters course at Teton Springs.
Two Elevated Estate Lots in 3 Creek Ranch Teton Views | Private Golf & Fly Fishing Community Lot 36 2.21 Acres $1,395,000. #15-1119
Lot 35 2.59 Acres #1,695,000. #15-1120
3 Creek Ranch is a private and gated golf and fly fishing community offering the very finest and modern amenities available in Jackson Hole. Estate lots 35 & 36 offer elevated mountain views in every direction including dead on views of the Grand Teton.
CHRISTIAN CISCO
to learn more:
ASSOCIATE BROKER
JacksonHoleExclusive.com
jacksonholeexclusive.com
Jackson Hole is a very special community & setting - consult with an expert.
307-699-1390 Christian.Cisco@jhsir.com
LAND OPPORTUNITIES
INTRODUCING 7 SPRINGS RANCH: A new development in Wilson with private access to the Snake River. The 3-6 acre lots in this 6 lot development offer intimate privacy, natural springs, water features; conveniently located just minutes from the Ski Resort, Pathways, and Wilson. Price Upon Request.
TWO ADJACENT MULTI-FAMILY LOTS Town of Jackson | 0.34 Acres $1,650,000. #14-146.
RIVERFRONT ESTATE ACREAGE
Wilderness Ranch | Teton Village Rd | 8.07 Acres $3,900,000. #15-2237.
1% of our net proceeds from the sale or purchase of your property is donated to a local charity of your choice.
PRIME WEST BANK LAND Stilson Ranch | 1.89 Acres $1,350,000. #14-1835.
(307) 413-3947
(307) 690-2468
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REAL ESTATE NEWS, Wednesday, September 2, 2015
SHOWCASE PROPERTIES FALL CREEK LODGE IN WILSON, WY This premiere retreat is located 20 minutes from Teton Village and two minutes from the town of Wilson, yet it feels worlds away. The immaculately landscaped three acres offers stone patios, a fire pit, and ponds overlooking Fish Creek Ranch up to the Sleeping Indian. The Lodge is a tasteful blend of mountain and rustic influences with a contemporary edge. High end finishes throughout and quality materials were used to create this modern day lodge. This home features six bedrooms, five and one half baths, a game room, large media room, private office, and a guest apartment. This stunning home is one of Jackson’s finest and a must see property for those looking for refined luxury convenient to all of the amenities of Jackson Hole.
SKYLINE 1515: MOUNTAIN MODERN WITH EXCEPTIONAL VIEWS Boasting stunning Grand Teton views, unparalleled serenity, and supreme luxury, Skyline 1515 is perched atop Spring Creek Ranch. Mountain modern architecture and the use of reclaimed wood and stone throughout accentuate the feel of being part of the landscape. Stone patios, an outdoor fireplace, and an attached three car garage, along with meticulous attention to detail, all highlight the perfect, 6,330 square foot hilltop estate. This beautiful new construction provides a unique setting for your Jackson Hole retreat which is scheduled for completion in Winter of 2015.
NEW HOME IN DOWNTOWN WILSON
CONVENIENT MOUNTAIN LVING IN THE TOWN OF JACKSON
SKI-IN/SKI-OUT TETON VILLAGE CONDOMINIUM
This one of a kind Bungalow style home is located in the original townsite of Wilson. With multiple stories, an attached garage, and high end finishes, this mountain modern home is turn key and move in ready. There is great afternoon light, an open floor plan and large outdoor deck perfect for enjoying views of Glory Bowl while entertaining. This listing is not to be missed.
This perfectly located, in-town condominium provides great amenities located right at the base of Snow King Mountain. This three bedroom three bath condominium has hardwood flooring, high end furnishings and an open floor plan. Offering great views of Crystal Butte, private parking, and plenty of storage space, this property is a must see for those looking for turn key living.
This top floor three bedroom, three bath Teewinot condominium offers great privacy in an updated setting. Ski-in and out access to the Moose Creek lift is just steps away. Features include: granite counter-tops, new cabinetry and appliances, renovated bathrooms, and a one car garage. Ample storage, private decks and a great furniture package make this the perfect property for a second home or potential rental.
COLLIN VAUGHN
(307) 413-1492 (307) 739-8164 collin.vaughn@jhsir.com
JILL SASSI-NEISON
(307) 690-4529 (307) 739-8086 jill.sassi@jhsir.com
TETON PARTNERS
REAL ESTATE, LLC
RANKED #1 FOR 2014 IN THE NUMBER OF TRANSACTIONS COMPLETED.
REAL ESTATE NEWS, Wednesday, September 2, 2015
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MARKET REPORT Continued from cover in comparison to the price per square foot for condominiums and townhomes. This unusual fact makes single-family homes in the Town of Jackson smart buys in the current real estate market. At the same time, the condominium and townhome class is popular with both investment buyers and first time homebuyers alike. The average sales price in this asset class is one of the lowest in Teton County, making it a savvy real estate investment. Teton Village has also had impressive sales
with 51 closed transactions so far this year, maintaining it’s position as a top performing area within Jackson Hole. Of the 51 closed transactions, five were single-family homes; the single-family asset class in Teton Village has the highest average sales price of any submarket area in Jackson Hole for 2015. Aside from one transaction on East Gros Ventre Butte, the average sales price for condominiums and townhomes in Teton Village is the highest of any sub-market area as well. To continue the trend, vacant land average sales prices in Teton Village
surpasses all other areas in Teton County. The market for luxury property is very strong, easily detectable, and can be found throughout Teton Village at the base of the Jackson Hole Mountain Resort. Jackson Hole’s real estate market is as strong as ever with consistent sales across the region. If you’re interested in more information on the real estate market or Jackson Hole in general, please take some time to stop by one of our nine offices throughout the region to talk to an agent.
Find your new home in Jackson Hole from the comfort of wherever you call home. Search Locally - Search Globally Stay Updated with Real Estate Market Reports Discover Our Community
Put a Local Expert to Work for You
JHSIR.com JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY 185 W. Broadway
Jackson, WY 83001 |
888.733.9009 www.JHSIR.com
Additional Office Locations 3415 North Pines Way Wilson, WY 83001 3535 North Moose-Wilson Road Wilson, WY 83001 7680 Granite Loop Road Teton Village, WY 83025 3335 West Village Drive Teton Village, WY 83025
3385 West Cody Lane Teton Village, WY 83025 7710 Granite Loop Road Teton Village, WY 83025 3200 McCollister Drive Teton Village WY 83025 One South Main Street Driggs, ID 83422
®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Jackson Hole Sotheby’s International Realty is Independently Owned and Operated.
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REAL ESTATE NEWS, Wednesday, September 2, 2015
Your Guides to the Jackson Hole Lifestyle.
Price Reduced CHARMING GOLF & TENNIS HOME
TRANQUILITY AND VIEWS IN TETON PINES
One level living on the seventh hole of Jackson Hole Golf & Tennis. Spacious great room floor plan with large Teton Mountain Range view windows and landscaped grounds perfect for summer entertaining. Next door to the majestic Grand Teton National Park. $1,295,000. #15-1005.
With 5,100+ square feet on more than one acre, this home has everything you want: formal living & dining, den, office, eat-in kitchen, butler’s pantry, three guest suites, master bedroom en suite, three garage stalls, exercise room, seasonal stream & mountain views. $4,350,000. #15-1397.
SLOPESIDE IN TETON VILLAGE
TETON PINES RETREAT
The last remaining opportunity to build slopeside at the Jackson Hole Mountain Resort in the Granite Ridge neighborhood. With more than an acre, this incredible lot is the quintessential locale for the mountain ski home of your dreams. $4,750,000. #15-1381.
Bordering almost 100 acres of protected ranch land, this stunning private log home offers unobstructed Teton views and downstairs main living. Offered furnished. A must see! $4,850,000. #15-1766.
WATERFRONT SANCTUARY WITH A VIEW
OLD WORLD GRANDEUR
Built with ageless grace, this Teton Pines Country Club home on a 1.2 acre lot with a beautiful pond has Teton views from every north-facing window, 4 en suite bedrooms, soaring ceilings, an elevator, lush lawns and gardens and so much more. $5,850,000. #15-1773.
Recently remodeled, this distinct Teton Pines timber and stone home offers one of the valley’s most unique locations, a private island edged by swan ponds on the 18th fairway. Meticulously detailed and thoughtfully designed with an eye toward Old World elegance. $9,900,000. #15-1364.
SPACKMANS & ASSOCIATES Babbs, Brandon, Dave, Stephanie & Liz
SpackmansInJH.com spackmans@jhsir.com 307.739.8156
REAL ESTATE NEWS, Wednesday, September 2, 2015
PROPERTIES INSPIRED BY
living.
CONSIDER THIS OPPORTUNITY . . .
70 acres on the Snake River
These two developable 35 acre parcels offer river frontage, spring creeks and big mountain views in every direction. The perfect retreat close to the town of Jackson, just across the Snake River from Grand Teton National Park. $16,000,000. MLS # 15-1417
S PAC K M A N S & A S S O C I AT E S YOUR GUIDES TO THE JACKSON HOLE LIFESTYLE To view more information on our listings, please visit
W W W. S PAC KMANS INJH. C O M
(307) 739-8156 | SPACKMANS@JHSIR.COM
BABBS, BRANDON, DAVE, STEPHANIE, LIZ
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REAL ESTATE NEWS, Wednesday, September 2, 2015
RIVERFRONT RANCH Located in one of the most pristine and wildliferich areas in Teton County, this exclusive property fronts the Snake River and has two streams running through it. Just 10 minutes from town, restaurants, world-class recreation, and medical facilities, yet totally private and remote. The ranch offers dramatic views of the Teton Range across water with towering cottonwood
stands, lush meadows, and beautiful aspen groves throughout. Elk, moose, and swans are frequent visitors. There is excellent fishing on Price Creek and the Snake River as well as the ability to keep horses on the property. This property allows for a larger compound of residential dwellings than most in Teton County. Please call for more information. Price Upon Request. MLS # 14-1762
THE RANCH The BAR B BAR RANCH represents one of the last remaining opportunities to own large, pristine acreage in the Jackson Hole valley. These Ranch sites offer all the key elements required in a legacy ranch property including live water, dramatic Teton Mountain Range views, wildlife, open meadows, towering conifer and cottonwood trees, privacy and a convenient location to all the amenities of Jackson Hole. There are very few land parcels of this quality remaining in Jackson Hole. Please contact us for a current price list.
THE SPACKMANS AND ASSOCIATES www.SpackmansInJH.com | 307.739.8156
BARBARA ALLEN www.JacksonHoleRealEstateInfo.com | 307.413.3510
BarBBarRanch.com
REAL ESTATE NEWS, Wednesday, September 2, 2015
The
Refuge
AirRanch
Alpine • Jackson, Wyoming
The Refuge offers a unique opportunity to build your own hangar and dwelling within a non-restrictive and jet-friendly airpark. Consider this your outpost - a place to keep your aircraft, toys, gear and equipment in one place with unparalleled access to the greatest outdoor recreation in the world. Owning a hangar at The Refuge is not only a great way to protect your aviation investment from the elements, but also a financial win in terms of protecting your investments and keeping them in this great state of Wyoming, the tax-friendliest state in the Union. Additional benefits include lower fuel prices than the Jackson Hole Airport, no landing or ramp fees, airport concierge, large taxiways, and a convenient drive to Jackson Hole - all within a beautiful, world-class, fly-in residential community. Call Spackmans & Associates today to find out why this is a great place to take Refuge.
307. 739. 8156
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REAL ESTATE NEWS, Wednesday, September 2, 2015
THE HISTORIC LAZY MOOSE RANCH
EXPERIENCE THE BEAUTY OF JACKSON HOLE Experience the beauty of Jackson Hole from this special property set along the banks of Fish Creek and rising along the rolling hillsides for exquisite views of the valley. Known as the Lazy Moose Ranch, this 128.01 acre property is immaculately maintained and boasts the rare privilege of Fish Creek frontage, providing the scenic and acoustic pleasures of live water, year round. Comprised of four parcels including 2 upper ranch parcels (70.51 acres and 44.21 acres) and 2 Fish Creek frontage parcels (7.31 acres and 5.98 acres), this property offers the owner an opportunity to reconfigure and/or split the property into additional parcels with development rights. The lower ranch, set on the banks of Fish Creek, includes a main home, a guest home, a barn, workshop, caretaker’s cabin and an extraordinary green house that will inspire your inner green thumb. The upper ranch boasts a spacious lodge overlooking the beautiful valley below, 2 quaint log cabins and several outbuildings. MLS # 14-2988 & 15-3. Price Upon Request.
Tom Evans, Associate Broker Melinda Day, Sales Associate Meredith Landino, Associate Broker Valerie Conger, Sales Associate
307.739.8149 TomEvansRealEstate.com
John Hanlon, Associate Broker Linda Hanlon, Sales Associate 307.413.1874 BuyJacksonHole.net
REAL ESTATE NEWS, Wednesday, September 2, 2015
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DISCOVER THE CENTER OF EVERYTHING
JACKSON HOLE
2 beD TeTon MounTain LoDge ResiDence Comfortable 2 bedroom Mountain View Floor Plan at the Teton Mountain Lodge & Spa. This residence offers 2 bedrooms and a murphy bed, full kitchen, 3 bathrooms, and a cozy fireplace.
Comfortable Single family Home 4 bedroom, 2.5 bathroom Single Family Home in the sought after Indian Trails subdivision. Nice sized backyard, deck, and large master suite all make this a fantastic place to call home.
$895,000. #15-55. Rob DesLauRieRs
$1,095,000. #15-1228. Rob DesLauRieRs
beSt PriCed lot in granite ridge
teton Village PentHouSe
Best priced building site in Granite Ridge. Ski in to this prime location, with an ideal building envelope for a world class estate. Mountain views, lush flora and fauna, wildlife & close proximity to the Teewinot ski run & the heart of Teton Village.
$2,295,000. #14-249. Rob DesLauRieRs
One of a kind ski-in/ski-out penthouse residence encompassing the entire north end of the Teton Mountain Lodge & Spa. This unique offering has panoramic views of the Sleeping Indian, aerial tram and the legendary Jackson Hole Mountain Resort.
$2,295,000. #14-2718. Jake kiLgRow
Ski-in/Ski-out tram tower townHome Ski-In/Ski-Out town-home centrally located in the Legendary Jackson Hole Mountain Resort. This 3 bedroom, 3.5 bathroom residence is very spacious and features an open floor plan, underground parking, and easy walking distance to the Village Core.
$1,895,000. #14-2777. Jake kiLgRow
front line Ski-in/Ski-out building Site Extremely rare opportunity to acquire one of 4 remaining undeveloped true ski-in/skiout building sites at the legendary Jackson Hole Mountain Resort. Unmatched views of the Sleeping Indian, Jackson Peak, Snow King and Gros Ventre mountain range. Lot 85 of the Jackson Hole Ski Corporation.
$4,000,000. #15-405. Jake kiLgRow
realiZing JaCkSon Hole dreamS for our ClientS SinCe 2003 307.739.8070 | RGJH@JHSIR.COM | REALTYGROUPJH.COM
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REAL ESTATE NEWS, Wednesday, September 2, 2015
Immerse yourself in the sanctuary of Jackson Hole. Mercedes Huff, Laurie Huff & Molly Hawks deliver unparalled service with an easy going approach. mercedeshuff.com | 307.739.8135
TURN-KEY IN TETON PINES
Fantastic oppotunity to own 6 weeks per year in a beautifully finished Teton Pines condominium. $225,000. MLS #15-811.
CHARMING WILSON RETREAT
This adorable home and guest cabin are surrounded by 4.5 beautifully maintained acres. $2,950,000. MLS #15-1576.
THE ASPENS LODGE
Nestle into the warmth of this thoughtfully designed home with impressive views. $2,995,000. MLS #15-1395.
LOG HOME IN HOBACK RANCHES
Private retreat in the woods with all the comforts of fine living in this spacious Swedish cope log home. $589,000. MLS #14-1994.
PICTURESQUE HIDEAWAY
This gorgeously crafted log home and guest house are tucked away on 3 private acres in Wilson. $3,345,000. MLS #13-1859.
JOHN DODGE HAVEN
You’ll love listening to sounds of the freely, flowing creek from every room of this renovated home. $6,950,000. MLS #15-1860.
SOLITUDE IN THE HEART OF WILSON
Private home with Teton views just minutes from Grand Teton National Park and Wilson amenities. $1,240,000. MLS #15-1660.
FINAL FRONTLINE AMANGANI SITE
Experience powerful views across preserved ranchland and up the entire Teton Range. $3,400,000. MLS #14-1862.
HIGHLANDS RARITY
Ten acres perched atop a bench overlooking the town of Kelly and miles of Grand Teton National Park. $7,450,000. MLS #15-1827.