September 1, 2021 Real Estate News

Contemporary Interpretations for a Mountain Town

Diverse residential offerings exemplify an expanding local aesthetic.

by Staff Writers

Log stack construction and rustic cabin-inspired designs have long been associated with mountain communities of the American West. Just as the communities themselves have evolved over the last several decades—so too have the predominant styles of their architecture.

Material choices of reclaimed barnwood, timber beams and stacked stone within 9240 Avalanche Canyon Road epitomize the rustic contemporary aesthetic in Jackson Hole. Architect Larry Berlin and the combined design team of WRJ Design and Dwelling deftly incorporate full Cathedral Group Teton views throughout the residence.

9240 Avalanche Canyon Road offers new rustic contemporary construction in the private subdivision of Solitude, only minutes north of town.

Inside the home,  an open plan design unites the living room with the kitchen and adjacent dining space to offer endless opportunity for hosting and entertaining. A chef’s kitchen with professional-grade appliances,  custom cabinetry  and wine cooler welcomes the owner to slow down and enjoy a casual meal at the eat-in kitchen with its captivating Teton view windows. A combined den and library space allows for a relaxing way to unwind, and a separate upstairs office provides for additional privacy and contemplation.

The residence’s four bedrooms extend from an elegant foyer into a separate wing of the home that is all their own. Each features a private bathroom and generous custom closets.

This Solitude mountain residence sits on more than five acres and adjoins Grand Teton National Park along the lot’s eastern boundary. The subdivision occupies a section of the riparian zone between the braided channels of the Snake River and the bench that defines the Jackson Hole valley floor.

The private neighborhood with an end-of-the-road feel is within a wildlife corridor only a few minutes north of the town of Jackson. Residents enjoy the benefit of more than a mile of easement-granted Snake River access, and share the area with seasonally-migrating elk herds, deer, moose and other wildlife. Recreational opportunities for fly fishing, horseback riding, hiking and cross country skiing in winter are all available just beyond one’s front door. Elevated design, world-class views and an unmatched location define the property.

Elsewhere in the valley, the town of Jackson has continued to see a prevalence of contemporary-inspired designs through renovations and newly-constructed custom homes. Notable within the town limits for its cohesive and contemporary aesthetic is 810 West on the banks of Flat Creek. Designed by local architect Stephen Dynia, the forward-looking 810 West development was built in 2005. Exterior material choices of fiber cement board and corrugated galvanized metal visually unite the development’s free-market and affordable townhome units, and are now commonly adapted elements of Jackson’s architectural design.

872 W Snow King Avenue offers contemporary townhome living within the 810 West neighborhood in the town of Jackson.

As one of only fourteen creekside townhome units within the development, 872 W Snow King Avenue artfully balances the conveniences of contemporary townhome living with direct National Forest access. The duplex configuration of units and the attached two-car garage afford privacy and convenience to this sophisticated 2,264-square-foot residence.

The townhome features floor-to-ceiling, south-facing windows within the living room and from the residence’s third-floor primary bedroom that flood the unit with beautiful light. An expansive, private rooftop deck extends off the bedroom and overlooks Flat Creek and Josie’s Ridge. Bamboo floors and stylish built-ins provide harmonious and subtle tones accented by dark metal detailing and elegantly simple whites.

Whether inspired my modern simplicity alone, or a re-imagination of traditional rustic elements, contemporary real estate offerings in Jackson Hole continue to evolve and bring a simplified elegance to mountain living.

 

 

Teton Valley Real Estate Market Report | Q2 2021

Teton County, Idaho — Q2 2021

While Teton Valley, Idaho, has often been referred to as the “Quiet Side of the Tetons,” the west side real estate market has been anything but “quiet” for the last 12 months.

Unlike Jackson, which saw a measurable slow down during Q2 2020 (that is, during the onset of COVID), Teton Valley has shown a consistent uptick of activity throughout the global pandemic.

To put the valley’s growth in perspective, in 2019 (i.e., pre-COVID), Teton Valley and Alta, Wyoming, generated 586 transactions for the entire calendar year that totaled $181.9M. It should also be noted that 2019 was also a banner year for the west side real estate market.

Fast forward 18 months, and the valley’s real estate market has exploded. For the first six months of 2021, Teton Valley is up 163.2% on transactions (or 577 closed transactions for YTD 2021 vs. 220 sales for the same period in 2020) and is up 217% for dollar volume (or $236.1M for 2021 vs. $74.5M in 2020).

More impressive still is looking back on the totals from the last 12 months (that is, July, 2020 through June, 2021). In trying to assess what a post-COVID Teton Valley real estate market looks like, the last 12 months have seen nearly 1,500 closed sales and more than $525M in dollar volume.

In other words—and if this level of activity continues through the 2021 calendar year—Teton Valley and Alta, Wyoming, will have grown from a sub-$200M market to a more-than-half-a-billion-dollar market in just two years.

Continue reading “Teton Valley Real Estate Market Report | Q2 2021”

Jackson Hole Real Estate Market Report | Q2 2021

Teton County, Wyoming — Q2 2021

Comparing the first six months of the 2021 Jackson Hole real estate market to the same period last year feels like trying to compare a bull moose to a patch of sagebrush. Both have their place in the regional landscape, but the similarities end there.

One year ago, the valley–and the nation–was still wrestling with the effects of the global pandemic. Terms like “social distancing” and “sheltering in place” were still working their way into our lexicon. We had no idea what was to unfold in the months to come.

Twelve months later, the local scenery remains the same, but the regional real estate market barely resembles what was true pre-Covid.

In Teton County for the first six months of 2021, transactions are up only 68.9%, mostly due to a lack of inventory and rapidly appreciating pricing. The complementing dollar volume year-over-year is up 114.5% to $789.4M. To put that into perspective, the total dollar volume for Teton County in all of 2019 was $927.8M.

What has started to come into focus, however, is what twelve months of a post-lockdown market looks like. Totaling the sales and volume from July, 2020 (arguably when the real estate surge in Jackson Hole started to take shape) through June, 2021, we see transactions are up over the 2019 year-end total 52.6% (792 sales for the last 12 months vs. 519 sales in all of 2019). More pronounced still is the spike in dollar volume which grew 149.1% from the year-end 2019 total of $927.8M to a staggering $2.31B for the last 12 months.

Continue reading “Jackson Hole Real Estate Market Report | Q2 2021”

June 30, 2021 Real Estate News

Riverfront Properties Provide a Recreational Haven

Fishing properties and conservation opportunities go hand-in-hand.

by Staff Writers

The riparian areas along the Snake River and Gros Ventre River corridors within Jackson Hole serve as some of the region’s most critical wildlife habitat, as well as the most-desirable real estate. Given the essential need for responsible  stewardship along these waterways, many parcels that comprise the adjoining banks have been protected via conservation easements that establish reduced or limited development while maintaining private ownership. Properties within this area of the valley are renown for their balance of homeowner access and preservation, with a strong legacy of conservation underpinning some of the larger parcels in the county.

Two adjacent, undeveloped lots on the Snake River recently became available on the Jackson Hole real estate market and provide a combined 49.2 acres north of Jackson.

Very few undeveloped riverfront properties remain within the privately-held parcels of the region. Among these, two adjacent Snake River access properties have recently come on the market, and offer nearly-unlimited possibilities for a future owner. Located on the western side of Prince Place, north of Jackson, the combined lot offering provides more than 49 pristine and  private acres along the banks of the Snake and its braided side-channels. Linger Creek winds its way through mature stands of cottonwood and evergreen trees that extend to a private section of the Snake River Dike and to the river corridor beyond. Each of the 24.6-acre individual parcels retains its own development rights, and are offered separately or in combination.

Further north along the private-access segment of the dike and at the western reaches of the Bar B Bar subdivision lies a private, turn-key estate comprising seven distinct parcels for a total of 278 acres. Three spring creeks running through the property feature enhancements for improved flow and trout spawning habitat, while the larger water of the Snake River occupies the western boundary of the property.

A luxurious, nearly-8,000 square foot main residence clad of moss rock and cedar siding occupies a central 36-acre parcel, while a 3,618 square foot guest home resides on an adjacent parcel. Balance and flexibility of future use is provided by the combination of lands protected via existing conservation easements, and the remaining parcels with the potential for additional development.

Large Teton views and live water of both the Snake River and the Nelson Channel define a 36-acre parcel off Middle Meadow Road just south of  Grand Teton National Park, which abuts the offering to the west within the river channel. Located outside of a subdivision, 920 Middle Meadow Road provides iconic panoramic views of the range while still being just minutes from town.

Elsewhere in the region, one can experience the privacy and wide-open western appeal that epitomizes Wyoming in Daniel—located only an hour away from Jackson’s town square. Here, Prairie Creek flows through a private, 340-acre ranch offering, complete with stream rehab and aquatic habitat enhancements that make this large-acreage parcel ideally-suited for a fly fishing property or recreational ranch.

340 acres of live water and Wind River views await only an hour from Jackson. Multiple building sites and habitat improvements make the ranch ideally suited as a fishing property.

The rural offering benefits from convenient access to both the Green River and to  substantial tracts of public land—each less than a mile away. Active cattle and hay operations provide for income and agricultural tax benefits within the property’s current usage. Impressive views of the Wind River Range and the Gros Ventre Range create an unparalleled panorama to a ranch property. Multiple opportunities for usage type  and building sites exist, with road and pad work having already been completed.

Throughout the region, the rare combination of mountain views and live water capitalize on the best that Western Wyoming has to offer.

Local Real Estate Professionals Ranked Among the Best in the Nation

RealTrends’ annual real estate sales ranking for 2021 were officially announced earlier in June—compiled via 2020 sales data. The independent industry analysts simultaneously released their two agent rankings, “The Thousand” and “America’s Best Real Estate Professionals” on Friday, June 11.

Year after year, the Sotheby’s International Realty brand continues to have more agents represented in these rankings than any other real estate company. In 2021, the brand’s sales agents occupied 20% of top individual agents by sales volume category alone.

Jackson Hole Sotheby’s International Realty is honored to congratulate the real estate professionals represented within each award category for 2021. Continue reading “Local Real Estate Professionals Ranked Among the Best in the Nation”

May 26, 2021 Real Estate News

Contemporary Aesthetics and in Town Convenience

Newer construction provides modern inspiration for the mountain home.

by Staff Writers

Contemporary and “mountain modern” homes continue to be drivers within the Jackson Hole real estate market as buyers are drawn to the benefits inherent within the property styles—newer construction; bright and flexible living spaces; and efficient floor plans that maximize square footage and simplicity. As the local housing market continually evolves, these styles are becoming increasingly prevalent within the town of Jackson, where smaller lot sizes and required property set-backs place greater constraints on design than elsewhere in the county.

80 Nelson Drive offers a rare combination of contemporary design, public land access and elevated Teton views from within the town of Jackson.

80 Nelson Drive is one of few contemporary properties in East Jackson that benefits from elevated Teton views. Sited on an oversized, .47-acre lot on the lower flank of Nelson Butte, the three-thousand square foot home nestles into the surrounding hillside.

Blending contemporary styling with traditional elements, the home’s exterior eschews some of the genre’s more commonly-utilized materials of concrete, corrugate, and vertical siding. Instead, an exterior of brilliant white reveals subtle textures via a variety of siding dimensions and sizes. Expanses of gray shingled roofs and narrow casing accents balance bold, contrasting black garage doors and flashing details.

Once inside, glass panels and steel railings adorn an entryway staircase leading to the home’s primary living spaces. Clean design, abundant windows and a continuation of monochromatic tones define the home’s interior. Warm-toned oak floors offer a counterpoint to the cool gray and white color palette.

The great room is bordered almost entirely of windows along its north- and east-facing aspects and features a second floor deck extending to the north. A bridgeway separates the primary suite—with its private bathroom, generous walk-in closet and separate office—from the rest of the home. The unique shape of the property allowed architect Brad Hoyt to design the projecting east-west wing of the home to takes advantage of Teton views over the elk refuge and distant buttes.

The home’s location deftly balances the conveniences of in-town living with privacy, views and access. The property borders the Bridger-Teton National Forest lands that encompass Crystal Butte and the western side of the Cache Creek drainage. The Nelson trailhead is only a few hundred feet up the road, and provides easy access to a network of multi-use trails.

142 Pine Glades, set in the treed hillside of Snow King, offers expansive views to the north over the town of Jackson and to the National Elk Refuge beyond. The three-bedroom, rustic contemporary townhome features a private elevator for ease of access.

On the southern boundary of town, set on the treed hillside of Snow King, the Pine Glades development of luxury townhomes evokes a rustic-contemporary style all its own. Cedar and shake siding, flat stone accents and subdued green roofs help to blend the development into its hillside environment and the adjacent National Forest. Inside, 142 Pine Glades Drive reveals bright, open spaces and a flexible floor plan. A wall of floor-to-ceiling windows in the townhome’s great room extends upward to vaulted ceilings reaching twenty-two feet. An adjacent chef’s kitchen of bright white and stainless steel features quartz countertops alongside Wolf, Sub-Zero and Asko appliances equally suited to entertaining and daily use.

The three-bedroom townhome offers more than 2,800 square feet of living, while a private, interior elevator ensures ease of access to each of its three levels. Precise stacked stone masonry accents surround the stairwell and enclosed-glass elevator, and are echoed within the great room’s fireplace.

These contemporary homes provide a departure from traditional mountain town architecture while providing immediate access to some of Jackson Hole’s iconic public lands.

Top 10 Tax Benefits of Wyoming Residency

There are numerous reasons why those who live in Jackson Hole have chosen to have their primary residences here. Some of those reasons are emotional, such as the sheer beauty of the natural surroundings and the overall quality of life. Other reasons are more practical in scope and include Wyoming’s overall tax-climate benefits when compared to all other states.

For years, Bloomberg has rated Wyoming as the most tax-friendly state in the United States. The Tax Foundation has ranked Wyoming as number one in its 2021 State Business Tax Climate Index—a ranking benefitting primarily from the state’s absence of both corporate and individual income taxes, as well as a low sales tax rate.

Continue reading “Top 10 Tax Benefits of Wyoming Residency”

Hansen Recognized for Volunteerism and Real Estate Service

The month of March saw Jackson Hole Sotheby’s International Realty sales agent Marybeth Hansen recognized for both her professional and volunteer accomplishments.

Hansen, who has served on the Teton County Fair Board for the last decade, was selected as Teton County Volunteer Board Member of the Year. Her nomination came at the culmination of her term as Fair Board Chair for 2020—her second term in the role during her tenure on the board.

Teton County Volunteer Board Member of the Year award recipient Marybeth Hansen, with her daughter at the Teton County Fair in 2020.

Professionally, Hansen made a podium finish once again last week in the annual “Best of Jackson Hole” rankings, earning gold within The Best Real Estate Agent category. A perennial favorite within the public-sourced ranking, Marybeth previously earned silver in 2020, gold the year prior in 2019, silver once again in 2018, and bronze in 2016.

When asked what sets Marybeth apart Brett McPeak speculated, “maybe it goes back to her days of slinging margaritas at Mary Piglets, but Marybeth is one of the most selfless people I’ve ever had the pleasure to know. She lives to serve!”

March 17, 2021 Real Estate News

Ski Properties at Jackson Hole’s Teton Village

Lifestyle and access define resort properties in every season.

by Staff Writers

February was the third-snowiest month ever recorded at the resort, with a seemingly-endless low pressure system delivering a reported 172” of snow in Rendezvous Bowl by month’s end. The value and reprieve that skiing and outdoor recreation afford has been highlighted as a need amidst a tumultuous year, as masked skiers and snowboarders flock to the resort each morning. No location in the valley gets you closer to the slopes and amenities of Jackson Hole quite like Teton Village.

3730 W Curtis Drive provides an ideal mountain retreat of approximately 5,800 square feet within Teton Village’s residential core.

Those seeking an ideal mountain retreat need look no further than 3730 W. Curtis Drive in the heart of the resort’s residential core. The home of nearly 5,820 square feet sits on a .60 acre lot midway up the quiet Curtis Drive, whose cul-de-sac and treed lots help to ensure a private setting despite their effortless proximity to the resort’s key amenities. A timber frame and flat stone stack design lends a timeless appeal to this mountain home.

Designed by Berlin Architects and built in 2006, this residence takes advantage of a split-level configuration to center primary living spaces of the home amidst the second floor’s open floor plan and vaulted ceilings. Floor-to-ceiling windows flood the living and dining spaces with natural light and offer living room views to the mountains above filtered through the flanking forest. A generous porch extends from the kitchen and dining room to wrap around the back of the home, opening additional space for seasonal entertaining and relaxation.

Each of the residence’s five bedrooms feature suites—with a primary suite on the main floor, and a secondary suite providing convenience and versatility to the ground level floor plan.

The home’s lower level centers around an ease of everyday living with a recreation room complimented by its own gas fireplace and wet bar. A bank of built-in lockers, a separate laundry room and generous mud room shelving extends from the three-car garage entrance to efficiently manage the transition from mountainside to home. An adjoining ground-level back porch offers a discrete location for a hot tub soak.

For those seeking the ultimate in convenience—Teton Village’s celebrated “condotel” properties offer a flexible and hassle-free model of ownership and access, and benefit from high-demand rental programs. The Teton Mountain Lodge & Spa, operated by Nobel House Hotels & Resorts, was recognized by Condé Nast’s Readers’ Choice Awards as the second-highest ranked resort property in Jackson Hole.

“Condotel” properties in Teton Village, like the acclaimed Teton Mountain Lodge & Spa, offer convenient ownership and amenity-rich offerings for year-round enjoyment. Penthouse unit #421 provides two bedrooms and three bathrooms with flex space.

The sought-after property currently offers a limited number of units available including a studio condominium, and a one-bedroom unit, and a bi-level penthouse. Teton Mountain Lodge owners enjoy access to the resort’s acclaimed four-star hotel amenities that compose of The Spur restaurant, Spa Terre, a complete fitness center, indoor and outdoor pools, and five hot tubs—including an expansive rooftop hot tub. Concierge, front desk, and on-site property management further compliment the property’s convenient services.

In a year that has redefined what “home” means for us all, the lifestyle component has gained a renewed importance. Teton Village properties provide the ultimate balance of access and amenities for your year-round adventures in Jackson Hole.

2021 Resort Report Now Available

It’s been a big month for Jackson Hole Mountain Resort. The resort’s iconic freeride competition, Kings & Queens of Corbet’s, took flight into the legendary in-bounds couloir, and is now available to be streamed via Red Bull TV. If keeping your skis firmly on snow is more your style—we can all celebrate the February snowfalls that have pushed the resort’s tallies firmly over the 400″ threshold for the year already.
 
The old trope that “all real estate is local” was turned on its head in 2020 as waves of new lifestyle-oriented buyers began “turning seasonal markets into year-round destinations.” According to the 2021 Luxury Outlook report from Sotheby’s International Realty, “perhaps nowhere is this trend more apparent than in the surge of deals across America’s Rocky Mountains,” where buyers are “settling in for the long term in ski-resort towns and scenic retreats….”
 
Curious how the Jackson Hole real estate market stacks up to other ski resort markets across the west? The collaborative, annual Resort Report from Sotheby’s International Realty affiliates provides a snapshot into the current market environments around the nation’s top ski resorts.