Month: June 2013

Grand Teton Estate – Jackson Hole Auction – July 12, 2013

The Grand Teton Estate – One of the most iconic Jackson Hole estates this incredible ski home was originally offered at $32.5M. Today, the 23,250 sq. ft. home on 10 acres is listed with Concierge in cooperation with Jackson Hole Sotheby’s International Realty.
The auction will take place on July 12^th in Jackson Hole, WY. The 7 bedroom home is located at the base of world renowned Jackson Hole Mountain Resort and is open daily for preview.
This Grand Teton Estate is a property that cannot be reproduced today. There are no restrictive covenants and the square footage is grandfathered. The property was ranked in the top three most popular ski homes in America by CNBC.

Contct your agent for more information on this auction.
info@jhsir.com

Teton Grandeur Auction June 28^th, 2013

Located next to Grand Targhee Ski Resort in Alta, WY this home was designed by world renowned architect Richard Keating. This home is perfectly located on a 70 acre parcel to “live the Tetons” from inside the home. The home features 360 degree breathtaking views of the mountains and valley, with a pristine mountain stream running nearby. Richard has only designed a few luxury homes but did this as a special favor for the owners. Countless hours were spent flying over the property, watching the sunrise and sunset, observing the wildlife and then designing the home to uniquely blend into and be one with the environment. The property delivers tranquility, inspiration, and restoration every hour of the day.

Contct your agent for more information on this auction.
info@jhsir.com

 

Call For Offers – 7/5/2013

A nearly unmatched location in Jackson, this parcel is located at the gateway to the town of Jackson directly on the main highway from both Yellowstone and Grand Teton National Parks and is perfectly situated for upscale mixed-use development. The property is within walking distance to the town square, 5 minutes to Grand Teton National Park and borders the famous and beautiful National Elk Refuge.

It also located directly on the Teton County pathways – an extensive network of bike paths allowing for non-car travel all through town and all the way into the center of Grand Teton National Park.

This location is a “logical place for lodging uses in Jackson”.  The use of in-town land for this type of development can be a popular decision as it helps to keep development close to town core leaving the surrounding open spaces undeveloped to protect wildlife and view corridors.

Choosing Jackson Sotheby’s International Realty to list this Forest Service Parcel went outside the Forest Service’s usual method of selling land. This method was chosen due to the advantages of having a local broker with knowledge of the community.

info@jhsir.com

Summer is in full swing here in Jackson Hole. The warm days are filled with outdoor adventures in Grand Teton or Yellowstone Park. And the cool evenings make for wonderful gatherings around an outdoor fireplace with friends.

Of course this time of year is busy for those of us in the real estate profession. Our office in Jackson Hole is a hub of activity and it’s no wonder why.

We are headed into summer with a market that is strong and exciting. Our new inventory of listings includes many offerings that are on the market for the very first time. Once again we are seeing multiple offers on properties – but there are still some excellent values to be had here in Jackson Hole.

Teton County Sales Year to Date May 31^st 2013 vs. 2012

Total dollar volume is up 47.2% in Teton County. This includes all areas of the valley. The town of Jackson sales volume is up 32.5% while our resort area at Jackson Hole Mountain Resort is up a robust 86% over last year.

Much of the activity at Jackson Hole Mountain Resort has to do with the resorts continued investment into this world-renowned destination.

“Over the past 17 years the Kemmerer Family has invested an average of $8 million per year into improvements to the resort.  By comparison over this period, JHMR has averaged 2.3 times more capital spent per skier visit than Rocky Mountain resorts as a group,” commented Jerry Blann, President of Jackson Hole Mountain Resort in a recent press release. Jackson Hole Mountain Resort reports the highest visitation on record for the winter ended 2013.

Improved airline service, making it easy to fly in and out of Jackson Hole has become an important factor for the health of our real estate market as well. We have direct flights from 9 major cities.

Unit Sales Up in Jackson Hole

Unit sales volumes are also up this year over last. The town of Jackson is up 48% and Jackson Hole Mountain Resort (Teton Village) is up 52% vs. 2012.

The area north of town was up a whopping 85% in unit sales and up 102% in sales volume due to the sale several luxury estates in that beautiful corridor of our valley.

And the hottest property type in Jackson Hole right now – Single-family homes – up 112% in dollar volume over last year and 76% in unit sales. Condominiums are up too with an increase of dollar volume of 44% and unit sales up 52% vs. 2012.