In this dynamic market environment, let one of our real estate professionals be your guide to the Jackson Hole lifestyle. With local agents serving Jackson, Wilson, Teton Valley Idaho, Star Valley and beyond—we’re here to help you navigate every step of your real estate journey.
Vogel Hill introduces eight ranch estates in the heart of Jackson Hole.
by Staff Writers
In a region defined by its topography, Jackson Hole’s buttes stand out prominently in contrast to the rest of the valley. Their elevated positions provide a soaring perspective on the surrounding peaks and iconic views, while their central locations provide unrivaled convenience.
Just minutes outside the town of Jackson, but worlds away, lies Vogel Hill. The butte’s aspen and pine-studded flanks rise quickly from the pastoral Spring Gulch corridor and give way to eight highly-private, estate-level ranch sites.
The views afforded from each of Vogel Hill’s ranches can best be described as immersive—with sites featuring elevated views of the Grand Teton and the Cathedral Grouppeaks to the north; the entirety of the southern Teton range to the west; the Snake River corridor to the south; and the “Sleeping Indian” and legacy Spring Gulch ranch lands to the east. Building envelopes on each ranch site are positioned to maximize the exquisite sight lines, access and privacy of each unique legacy parcel.
Vogel Hill’s 430 acres offer much more than panoramic views, however. More than one hundred acres of the former homesteaded ranch are dedicated to preserved recreational lands—including more than two miles of trails, spring-fedcreeks with enhanced trout habitat, fishing ponds and a rustic fishing cabin from which to relax and dip a line or entertain.
“Vogel Hill offers one of the most convenient locations in Jackson Hole, while still feeling remote and private…”
– Brandon Spackman, Associate Broker, Jackson Hole Sotheby’s International Realty
The preserved lands of Vogel Hill work in concert with adjacent ranching and conservation lands within an existing wildlife corridor that supports resident and migratory mule deer, elk and moose alike. Mallards, Canada geese and sandhill cranes can be observed along the water features and neighboring ranchlands, while red-tailed hawks are often seen and heard circling the heights above. Springtime at Vogel Hill sees the butte’s meadows explode with the color of countless wildflowers, while autumn reveals the ever-changing palette of hues composed by aspen, sage and native grasses.
Year-round access to Vogel Hill’s eight ranch sites is ensured via newly-graded and paved roadway that winds gracefully from the gated entry, past gorgeous stone walls and on to each of the ranch sites. Each luxury ranch site benefits from access to established underground utilities, including natural gas and fiber optic lines, as well as individual wells.
Perched amid the serenity of Vogel Hill, it’s hard to believe the town of Jackson and its iconic town square are less than ten minutes away. While the airport, world-renowned Jackson Hole Mountain Resort and amenities of Teton Village are less than twelve miles away with the southern entrances to Grand Teton National Park just beyond. Whether you seek recreation, culture, or an escape from it all—the best of Jackson Hole is truly only moments away from Vogel Hill.
Teton County, WY Real Estate Market Report | Q1 2020
These are strange days. While the 2020 Q1 stats for the Teton County, Wyoming real estate market show a slight increase year-over-year ($212.9M this year vs. $209.3M in 2019), we’re off the proverbial map at the moment. Transactions continue to close across the Jackson Hole region, but stress on travel, services and lending institutions have impacted the pace the market was enjoying in Q1. Clarity is sure to follow in the days and weeks to come, and individual property values–at the moment–appear to be unaffected.
On first glance, condo and townhome sales volume appears relatively flat year-over-year. In delving into the numbers, however, two stats jump to the forefront. First, the average sale price jumped 43.1% (from $875,950 to $1,253,196) despite transactions falling 26.3%. In other words, fewer units sold in 2020, but the sales prices were typically much higher. This is also more a reflection of the types of townhomes that sold (for example, a two-bedroom unit at the Four Seasons Resort Jackson Hole—for a record-setting $2,400/sq.ft.).
With more than 98% of the land in Teton County set aside as National Park, National Forest or some other conservation holding, vacant land opportunities are few and far between in 2020. Vacant land sales in Q1 2020 were up over last year (17 sales in the last 3 months vs. 7 sales in 2019). Despite that more-than-doubling of transactions, the average sale price fell 22.8% to $1.85MM. Much like the variance in the condo/townhome stats, this swing in the data is more a reflection of individual listings and the non-uniform nature of the Jackson Hole market vs. any erosion in individual property values.
Even with a mid-March downtick in transactions due to the pandemic, Teton County posted only three fewer home sales in Q1 compared to last year. Also despite a ski season cut short at the Jackson Hole Mountain Resort, sales volume for the four homes that sold in the last three months was nearly double the volume from 2019. Home sales south of the Town of Jackson were also up over last year, posting 11 sales (vs. 8 in 2019) for $26.0M in volume (vs. $13.2MM in 2019).
Properties on Snow King provideyear-round access and convenience.
by Staff Writers
The illuminated northern face of the Snow King Mountain Resort in midwinter is often one of the first views greeting visitors to the Jackson Hole valley. The view of the illuminated slopes of the beloved “town hill” rising above Jackson serves as an inviting focal point as one drives south from the Jackson Hole Airport or northern parts of the valley.
Viewed from the south, the residential flanks of Snow King provide elevated and iconic views across the town of Jackson, the National Elk Refuge and to the Tetons beyond. With more than just great access to Snow King Mountain Resort, the adjoining hillsides provide an ideal balance of accessibility, views and a sense of privacy.
240 Pine Glades, located just off the western edge of the resort’s boundary, backs up to National Forest land and provides nearly unlimited opportunity for year-round adventure, regardless of the season. The Snow King bootpack and the iconic Exhibition ski run are merely steps away, as are the powder stashes of the Bear Cat Glades. Come summer, the hiking and mountain biking trail network surrounding Snow King and Josie’s Ridge traverse the wooded slopes just above the townhome.
Completed in 2010, this end-unit offers a three-bedroom, three-and-a-half-bathroom floor plan encompassing 2,674 square feet. The open floor plan includes a chef’s kitchen and features double ovens, an 8-burner gas range and a dedicated wine refrigerator—making it ideally suited to entertaining. A north-facing wall of glass takes full advantage of the views, while stands of mature trees ensure a feeling of privacy.
The generous upstairs master suite features accordion doors overlooking the cathedral-ceilinged living space and out to the Tetons in the distance. A hillside deck extends off the master suite and is sheltered by the treed slope of Snow King above Pine Glades common space. Contemporary design accents inside balance rustic elements to create a home with a refined personality all its own. An attached two-car garage and the convenient Pine Glades Drive tunnel yields quick access to town, and ensures that the best of Jackson Hole is never more than a few moments away.
A building site currently available on the market at 845 Snow King Drive offers the ability to design your ideal home in Jackson Hole to take advantage of, “the best views found in the town of Jackson—from Crystal Butte to the Tetons,” according to Bill Van Gelder, Associate Broker at Jackson Hole Sotheby’s International Realty.The .59-acre wooded and sloped parcel provides elevated privacy and views, coupled with close proximity to the amenities of town, as well as deeded access to nearby National Forest trail systems.
Those seeking turn-key ease of ownership need look no further than the Love Ridge Condominiums along the eastern edge of the Snow King Resort District. The resort zoning offers the rare opportunity to take advantage of an in-town, luxury investment property with a strong, short-term rental income history. Unit 361 is a bright, updated condo featuring stainless steel appliances, new furniture and impressive views characteristic of the slopeside development. It is just steps away from the resort’s Rafferty Lift, uphill travel lanes, and multi-season activities. The unit’s lock-off floor plan allows for the utmost flexibility in rental configurations, and is being offered furnished.
The start of the new year brings a hot bed of new listing activity within the highly sought-after Granite Ridge subdivision of Teton Village—with listings among its Lodges, Homesteads and Timbers neighborhoods.
Granite Ridge’s location within Teton Village provides year-round access to some of the best of Jackson Hole. Located just uphill from the Four Seasons Resort & Residences, 3193 W. Washakie represents the first Granite Ridge Lodge to hit the market in two years according to listing broker Barbara Allen. “The Granite Ridge Lodges are as good as it gets at the Jackson Hole Mountain Resort for the person wanting superior access, and the feeling of a single family home but without the maintenance,” said Allen. The home is offered furnished for turn-key ease of ownership, and the neighborhood’s HOA handles plowing and maintains the yard.
The Lodgeis located within a ski-in/ski-out neighborhood, and grants access to the ski resort’s terrain via Lower Teewinot and a private slope.
The freestanding home provides 4,251 square feet of living space and features plenty of room for family and friends alike within four large bedrooms comprised of a master suite, two junior suites, and a fourth bedroom outfitted as a bunk room. Multiple living spaces and a gourmet kitchen make the home ideally suited to entertaining, while two decks and a patio provide additional opportunities for enjoyment. Its position within the resort overlay allows for short- term rentals as an investment property or when not in residence.
Also infrequently available, a Granite Ridge Homestead recently entered the market on Granite Loop Road. The open floor plan of the 3,317 square foot home features an updated kitchen adjoining a spacious great room. Cathedral ceilings further open up the living and entertaining space. Large pines provide natural screening and privacy for the home, while lush landscaping and a new deck enhance the property after the snow has retreated for the season. The home is in immaculate condition and needs to be seen to truly be appreciated.
The end of Garnet Road provides an ideal location for a Timbers townhome whose south-facing views extend over Jackson Hole Mountain Resort. Views to the west from the home’s expansive windows include Jackson Peak. “Being on the front line of Granite Ridge, views from the home are more robust than active offerings and recent sales,” according to Fred Harness, who represents the property for Jackson Hole Sotheby’s International Realty.
The three bedroom, three-and-a-half bath floor plan, designed by Carney Logan Burke, features a timeless appeal with rustic contemporary influences throughout. Warm wood tones and flat stone accents unify the home amidst its mountain surroundings, while “the open CLB design offers a nice, modern feel with a ton of natural light,” says Harness.
Granite Ridge’s 80-acre position on the rolling hills of the northern boundary of Teton Village provides an ideal balance of accessibility and wooded privacy among mature stands of spruce, fir and aspen. In addition to its unparalleled access to the skiing, dining and amenities of the resort, Granite Ridge is only moments away from the neighboring Granite Canyon entrance station to Grand Teton National Park for access to the park and the Laurance S. Rockefeller Preserve during the snow-free months of May to November.
A variety of ownership options and amenities define a valley favorite.
by Staff Writers
The Teton Pines Resort and Country Club sits between Wilson and Teton Village in the heart of Jackson Hole’s “Westbank.” “The Pines,” as it is known locally, offers residential country club living that caters to members and guests alike via year round amenities.
During the winter season, the Pines transforms its Arnold Palmer-designed golf course and in-house pro shop into the Teton Pines Nordic Center with sixteen kilometers of groomed trails for both classic and skate skiing techniques. The full-service ski shop provides rental equipment, retail shop, ski tuning, lessons and serves as the center for wintertime operations.
Teton Pines offers several types of residential offerings amidst the resort’s more than 360 acres: Estate Homes, Cluster Homes, and Residence Club ownership.
A truly timeless Teton Pines estate is currently available on Greens Place. Surrounded by a wrap-around pond on two sides and sited on one-and-a-half lots to create an incredibly private atmosphere within walking distance of the clubhouse. The remarkable stone masterpiece features unobstructed views across the water to the eighteenth fairway and beyond to the Tetons. Inside, the home features and great room with vaulted ceilings and expansive windows, a main-floor master suite in a private wing, and numerous indoor and exterior entertaining spaces for year round enjoyment.
Also on the eighteenth fairway, 3260 N. Teton Pines Drive features one-level living, an open concept, and contemporary finishes. The five bedroom home was recently remodelled and is bright and airy with floor-to-ceiling windows throughout.
A Cluster Home on White Pine Lane and the eleventh fairway provides protected views north to the Tetons while offering turn-key convenience. Recently remodelled,this home now benefits from an enhanced entry, a dining room expansion and the addition of an upstairs powder room to complete its 2,451 square feet of elegant living space.
Those seeking to build their dream home in Jackson Hole need look no further than Estate Lot 25. At .62 acres, this perimeter lot on the western edge of the Pines is one of only a few building sites remaining. The flat, treed lot features sweeping mountain viewsto the west and extraordinary potential.
The ultimate ease of ownership comes via the Residence Club at Teton Pines, providing six weeks of annual use that includes three summer and three winter weeks of scheduled use. One share is currently available on the market for a two-bedroom, 1,764 square foot unit of worry-free ownership in Jackson Hole. Additionally, owners of the Teton Club at the base of the Jackson Hole Mountain Resort enjoy full membership privileges to the Teton Pines Country Club while in residence.
The winter season at Teton Pines makes for an ideal time to view wildlife within the valley. Winter-ranging moose and mule deer make frequent visits to the neighborhood, and it is not uncommon to find their tracks along the trail or to see them browsingamidst the aspen and willows. Resident and migrating waterfowl linger in the ice-free sections of the Pines’ ponds and waterways, and may include swans, geese and a variety of ducks.
Beyond the amenities of the club itself, Teton Pines is only moments away from the convenient shopping and dining of the Westbank Center, five miles to Teton Village and fewer than eight miles from Jackson’s town square. Join them for a ski and a bowl of the clubhouse’s signature chili this winter and discover the beauty and simplicity of ownership in Teton Pines.
Refined mountain living adjacent to National Forest in Jackson Hole.
by Jackie Montgomery, Associate Broker with Staff Writers
A stone privacy gate near the southern end of the Jackson Hole Mountain Resort marks the entry to the paved and lighted, winding driveway leading to a truly magnificent mountain estate in Jackson Hole. An end-of-the-road location affords the ultimate balance of access to the amenities of nearby Teton Village, while a total of 83 quiet, wooded acres provide the utmost privacy, and direct access to National Forest and neighboring ski trails.
The serene setting serves as habitat for moose, elk, deer and a variety of native western birds, and provides the quiet connection to nature and wildlife that exemplifies the region. Private multi-season pathways wind through a mix of Douglas fir, aspen and pine trees and beyond into thousands of acres of the adjacent Bridger-Teton National Forest, if so desired.
The expansive property and the southern Teton Range serve as the backdrop for a 10,500 square foot, three-level residence designed in the character of a timeless alpine chalet—ideally suited to its mountain environs.
“The spacious residence is a masterpiece of design, construction, style and quality,” according to Mercedes Huff, who co-lists the property for Jackson Hole Sotheby’s International Realty. Constructed to the highest quality, the main lodge features double exterior walls; rustic fixtures throughout; finishes of mahogany, oak, stone, imported brass and tile; and terraces on all levels. Seven wood burning fireplaces adorn the home from within the kitchen, library, dining room and several of the bedrooms.
The large and inviting master suite is located on the third level and features a sitting area around the fireplace, a dressing room, a luxurious marble and tile bathroom, and French doors opening to a private terrace. Views on three sides encompass an overview of the valley across to the Sleeping Indian and up Rendezvous Mountain. Also on this level is a two-room suite with a sitting room, as well as an inviting corner bedroom with a fireplace and terrace access.
The second level of the residence features a large kitchen with a fireplace and French doors to a large, wrap-around terrace.Other comfortable areas include an intimate dining room with a stone fireplace, candle sconces and outdoor access; a peaceful library with fireplace and a television, if needed; a generous office provides privacy and quiet and two sets of French doors to the terrace overlooking the valley.
At the end of the wide gallery hallway leading to these spaces is the main gathering room, which runs the full width of the home. It iscurrently furnished to provide a small group area around the fireplace at one end and a larger seating area at the other end. Natural light fills the space through expansive windows on three sides and illuminates rustic, bright, plaster walls and warm, wide-plank flooring. Antique and reclaimed beams accent the home throughout its living spaces, providing both character and contrast.
The large entry foyer on the ground level provides access to the lower hallway leading to a large mirrored workout room, hot tub, steam room, sauna, shower and a powder room. A charming corner bedroom with a full bathroom, and an additional office are found on this level. A laundry/housekeeping room and a big “mud room” are conveniently accessed from the three-car garage. A two-bedroom, two-bathroom apartment with a kitchenette, fireplace, sitting room and outdoor access is also located on this level.
The substantial mechanical room in this residence includes two Buderus oil furnaces, as well as a constant-ready backup generator.The home and grounds of this estate have been maintained in immaculate condition by a property manager and staff who have been with the property since its construction.
A second homesite of approximately two acres provides for the potential of an additional residence, and currently houses a separate 1,233 square foot garage and workshop.
No single Jackson Hole property offers the superb position, convenient access to Teton Village amenities, and unmatched privacy afforded by this remarkable 83-acre parcel. The property is shown only by prearranged appointment with one of the listing agents and the property manager.
Snow King Village Townhomes are the newest townhome inventory in the town of Jackson in several years. The development features four freestanding, residential units located between Aspen and Pine Drives on the western hillside of Snow King. The development’s close proximity to central Jackson provides quick and easy access to town and its amenities.
Jake Kilgrow, Associate Broker with Jackson Hole Sotheby’s International Realty, represents the new project. He describes them as being, “very unique in their progressive, modern design with fresh and refined interiors, high ceilings and floor-to-ceiling glass.” The intent of the developers, according to Kilgrow, was for the Snow King Village Townhomes to, “live more like single-family residences with relatively hassle-free ownership.” The freestanding nature of the development allows the townhomes to feature no shared walls between units.
One of several features that are unique to the marketplace among Jackson townhomes is that each of the four units is equipped with a separate walk-out basement apartment, also known as an accessory residential unit. “These ARUs provide the new owners with a host of benefits—from having an income-producing property, additional housing needs, or guest apartment for family and friends,” said Kilgrow. Each unit also includes either a twoor three-car garage—a rarity among comparable in-town offerings.
The townhomes feature contemporary design aesthetics with sloping, single-pitch roof lines and vertical-oriented siding. A palette of gallery-white with bold, contrasting black accents is unified throughout the interior, including window and door casings, hardware, light fixtures and accents. Wide-plank, white oak flooring flows through the living areas, bedrooms and staircases.
Each of the unit’s bedrooms features high ceilings and an en-suite bathroom. Generous master suites include walk-in closets and a large balcony. The accompanying en-suite master baths provide luxurious walk-in showers, honed Carrara subway tile, freestanding bathtubs and double vanities.
The high-end, gourmet kitchens are perfect for entertaining, and feature professional-grade appliances by Viking and Bosch amidst spacious, white Caesarstone counter tops and Shaker cabinetry. Open plan, adjacent living rooms are ideally suited to entertaining.
Snow King Village Townhomes are conveniently located to multiple trailheads for access to the extensive trail networks of the nearby Bridger-Teton National Forest for hiking and mountain biking, and to the multi-season trails and amenities of Snow King Mountain Resort.
Last week, Jerome Powell, Chair of the Federal Reserve, spoke from a podium at Jackson Lake Lodge and somewhat stabilized markets after a tumultuous week by suggesting no further interest rate cuts from the FED are on the immediate horizon.
Since 1982, the Federal Reserve Bank of Kansas City (one of 12 in the US central banking system) has met in northwestern Wyoming. Prior to that, however, the economic symposium changed venues.
So how did Jackson Hole come to be the fixed focal point for the economic eyes of the world each fall? Legend has it that it was the fine spotted cutthroat trout.
According to a Business Insider article from 2012, proceedings at the 1981 conference in Vail drew little attention. Looking to boost the profile of the event, organizers hoped to lure then-FED Chair Paul Volcker to speak at the next year’s annual conference. Volcker was avid fly-fisherman.
Organizers hoped to find a venue in Colorado that provided a scenic backdrop for the conference but that also had good fishing for Volcker. After speaking with fishing experts, however, the conclusion was Colorado’s rivers were too warm in late August to afford good fishing. Someone suggested heading north to Jackson Hole, and the annual conference has been held there ever since.
As the valley crests the hill of summer and starts to slide into fall, fishing around the region reaches its peak. Annual events like the Jackson Hole One Fly (where more than 40 teams from around the world test their mettle on regional rivers and can only fish one lure for the entire day) highlight the blue-ribbon fishing opportunities that sunk its hooks into Volcker and countless others.
If you’re looking to explore some of Jackson Hole’s rivers and streams, a number of local outfitters are available to help you navigate a day on the river:
The iconic skyline of the Tetons defines the region and frames the western border of the Jackson Hole valley. Three view properties currently on the market take full advantage of elevated positionsand uninterrupted sight lines to capture signature views of the valley from nearly every aspect.
Modern lines and staggering views define the latest offering atop Saddle Butte, perched above the town of Jackson. Masonry, steel and timber provide striking contrast, textural interplay, and visual structure to the exterior, while a wall of north-facing windows opens the 3,000-plus square foot home to some of the most impressive views in the valley. Multiple opportunities for outdoor living enhance the home—including an exterior,spiral staircase that leads to a roof-top deck, and a second, wrap-around deck that extends from the home’s living room. A bold, dual-sided, wood-burning fireplace splits the open floor plan’s living and dining spaces and serves as a vertical anchor point to the expansive horizontals of the home and beyond. More than six rolling acres atop the butte in the valley’s center provide a private escape, while the best of Jackson is just minutes away in the valley below.
The northern end of the adjoining East Gros Ventre Butte provides the elevated alcove for “Della Terra”—a home set into the rolling hillside and named for being “of the earth.” Walls of glass in the home on Long View Lane capture the most iconic Jackson Hole views in a nearly 360-degree viewshed that encompasses the Tetons, the National Elk Refuge, Sheep Mountain and the Gros Ventre Range beyond to the east. An expansive stone patio extends the open floor plan’s living space towards the horizon, while flat stone walls create private spaces for outdoor dining or a hot tub soak.
Those looking to build their ideal home in Jackson Hole can chose from among the few remaining elevated view parcels in the valley. 2555 Trader Road, atop neighboring West Gros Ventre Butte offers direct western views of the Tetons extending south into the Snake River Range beyond Teton Pass. The lot’s 8.25 acres are ideal for taking advantage of the stunning sunsets as the last of the days shadows trace their way across the valley floor. The gated subdivision offers privacy and the lot’s aspen grove and rolling terrain provide visual screening for your home.
Top Producing Real Estate Agents Ranked by Two Independent Reports
by Staff Writers
Earlier in the summer, two key independently-verified reports ranking the top real estate professionals in the United States were released. REAL Trends released the 14th annual ranking compilation, “The Thousand,” on June 28. “The Thousand,” ranks designees among the top 250 by either sales volume or number of transaction sides for individual agents and sales teams. For 2019, “The Thousand” ranked Tom Evans Real Estate as 63rd in the nation for team real estate sales volume with more than $235 million closed in 2018—one of only two brokers in Wyoming to be ranked for the year.
Shortly thereafter, on July 9, REAL Trends released “America’s Best Real Estate Professionals”—the seventh edition of their annual ranking of the nation’s most productive sales associates in every state. In order to qualify for inclusion among “America’s Best,” individual agents were required to have closed more than $20 million in volume or 50 transaction sides during 2018. Sales team inclusion among the list required $30 million in sales or 75 transaction sides.
When asked to what she attributes the success of these agents, Donna Clinton, Managing Broker and Chief Operating Officer for Jackson Hole Sotheby’s International Realty noted, “Integrity, quality, and experience… there aren’t enough words to describe the team of agents that we’ve been fortunate enough to assemble over the years.” She went on to highlight the, “collaborative environment within the brokerage, and strong rapport with repeat clientele,” as elements that contributed to the number of the brokerage’s agents being represented among the most successful real estate professionals in the nation.
REAL Trends sources the data for their rankings from “surveys from virtually every national branded network… local associations of Realtors®, multiple listing services, all applicants from past years’ rankings, and the 900 largest brokerage firms in the United States,” according to the consulting and communications company. For its 2019 rankings, “America’s Best,” independently verified more than 14,000 residential real estate professionals. For the sake of each ranking, REAL Trends’ specific criteria defines sales teams as consisting of any agent that utilizes licensed sales assistants.