Jackson Hole Sotheby's International Realty

The Four Seasons Jackson Hole Residence Club has changed their exchange program in order to allow owners maximum flexibility and usage. Now owners can exchange for more time in Jackson Hole in a different season. If you want that extra week to ski, or more time for fly-fishing in the summer, you can do so.

The new system is based on points and offers a seamless approach when visiting other Four Seasons Residence Club locations including:

• Costa Rica at Peninsula Papagayo

• Punta Mita, Mexico

• Scottsdale, Arizona

• Vail, Colorado

• Aviara, San Diego, California

The exclusive Four Seasons Club is a great way to enjoy owning a luxury condominium in Jackson Hole with all the amenities that only the Four Seasons can provide.

Prices are starting at $113,500. With 9 closed transactions in 2013, this option won’t last long.

Jackson Hole, Wyoming is known as a world class destination year round. In the winter, its all about world class skiing – ranked as the #1 Overall Resort by SKI Magazine. As of the beginning of March, Jackson Hole is leading the mountain west with snow totals of over 400 inches, nearly 6 feet more than other resorts. From March 27th to March 29th, the resort will be hosting the Jackson Hole Rendezvous with 3 nights of free live music, and packages available for lodging, airline and lift tickets. With skier days already exceeding records from previous years, and much more snow forecasted for March, Jackson Hole will be on the radar for visitors throughout the remainder of the winter season.

Here In Jackson Hole, the mountains have attracted and produced world class agents and athletes. One of our agents, Erich Wilbrecht, was recently inducted into the Jackson Hole Ski & Snowboard Club’s Hall of Fame. He started his nordic skiing career with the local ski club at the age of 15, and went on to win multiple national championships and participated in the 1992 Olympics in the biathlon discipline. Erich Wilbrecht, and his wife Chris, were one of our top sales teams in 2013.

Just last weekend, another top agent, Christian Cisco participated in the 2nd annual Jackson Hole Ski Joring competition, hosted by the Jackson Hole Shrine Club – a local non-profit which raises funds for the Salt Lake City Shriners Hospital for Children. Ski Joring is where a skier is towed behind a horse at speeds averaging 40mph through an obstacle course with gates for time. This year’s course had three jumps and took about 17 seconds from start to finish. Christian teamed up with a horse from Sun Valley named “Super Dave” and won the draw pot championship. Christian also competes in the Jackson Hole Ski Club’s Pica’s Margarita Cup, a community ski racing league, along with a few of our other agents; Brandon Spackman, Jamie Mackay, Peter Selkowitz, and Audrey Williams.

Along with world class skiing, Jackson Hole provides visitors and residents alike with luxury properties and accommodations including the 5 Diamond Four Seasons and multiple 4 Diamond hotels. Out of all brokerages, Jackson Hole Sotheby’s has 70% of all residential listings priced at $5M or above. We also sell more listings above $5M – twice that of any other brokerage. Look to Jackson Hole Sotheby’s to guide you through our local market for buying and selling needs.

Jackson Hole Sotheby’s is a sponsor of the Jackson Centennial Celebration. Mayor Mark Barron announced The Centennial Proclamation on February 18th. The official kickoff will take place on March 10, 2014, from 5-7pm at the historic Wort Hotel.

Jackson Hole Sotheby’s International Realty is known for both it’s in-depth understanding of the market and strong ties to the community. As the local leader for luxury property sales, we have unique insight to help market your property or find the special ski retreat for your family. Find us downtown at 185 W. Broadway, at any of the 5 offices at Jackson Hole Mountain Resort, Teton Pines, or in Driggs, Idaho, 7-days a week.

After an unusually rainy weekend here in Jackson Hole, tomorrow should be particularly spectacular. With this latest moisture, the aspen trees and wild flowers are popping and a verdant glow of fresh foliage will cover the landscape.

So tomorrow Yellowstone National Park should be putting on a good show for the filming of the TODAY show in Yellowstone National Park.

(Click here for the live web cam at Yellowstone). Above Photo:TODAY anchors Willie Geist, Natalie Morales, Matt Lauer and Al Roker. Photo courtesy NBC.

As part of TODAY’s Great American Adventure, the cohosts of the TODAY show will kick off today in Hawaii at the Royal Hawaiian Resort in Honolulu. Next stop tomorrow – our own Yellowstone National Park (the first national park in the US) at the historic Old Faithful Inn.

Old Faithful Inn is home to the most famous geyser in the world, Old Faithful. Named in 1870 during the Washbrun-Langford-Doane Expedition for its fairly predictable performance. The geyser erupts about every 90 minutes so the morning show should catch a faithful performance to display to the world.

Tomorrow’s show will highlight why Yellowstone is so special. As someone who lives in Jackson Hole, Yellowstone is literally in our back yard. Yet each weekend I go there I am stunned by it’s beauty and diversity. The main reason the park was established in 1872 is the enormous number of geysers that are here. The public was fascinated by their beauty and mystery and still is today.

As one of the only nearly intact, natural ecosystems, Yellowstone is much more than geysers. It is home to wolves, grizzly bears, moose elk and bison. A visit to Yellowstone almost always rewards one with a wildlife viewing. The grand canyon of Yellowstone is a 24-mile long canyon with dramatic gushing waterfalls. Yellowstone Lake is the largest freshwater lake above 7,000 feet and is at nearly 400 feet deep at its deepest spots.

An entire week in Yellowstone will only allow you to scratch the surface of this diverse wonderland.

From Yellowstone, the TODAY show hosts will travel to Chicago, Orlando and finally the Jersey shore.

With over 23 feet of snow and counting, Jackson Hole Mountain Resort is in high gear as visitors flock from all parts of the globe to experience our winter wonderland.

Not only is the ski season rocketing, the real estate scene is hot with both unit volume and sales volume at their best levels in six years. According to Teton County MLS, the 13-month trend for unit sales continues to increase month over month reinforcing the stability in our market.

Confidence in resort real estate is growing nationally and Jackson Hole is leading the way. Total 2013 real estate sales volume in Jackson Hole was up strong 11% and the number of transactions jumped by 30% 2013 vs. 2012. All property types experienced unit volume increases: condominium unit volume rose 39%, single family home units increased 29% and land units were up 19% over 2012. Vacant lots in the Town of Jackson were especially “in demand” with a unit increase of 122%.

Town of Jackson in Hot Demand

The town of Jackson continues to be a hot spot to watch in 2014. Improvements to town infrastructure, new shops and restaurants, a new town square ice-skating rink, a new comprehensive bike path through town, and talk of a gondola at our in-town ski area, are all fueling the popularity of living in our vibrant mountain town. Jackson Hole Mountain Resort is only a 15-minute drive from downtown, so you can still hit the slopes easily.

Strong Sales in Entry Price Category

Jackson Hole real estate priced below $1.5M was highly sought-after in 2013. Buyers scooped up 62% more dollar volume and 46% more units in this price category in 2013 vs. 2012. Real estate also sold at a faster rate in 2013 as absorption rates dropped by nearly 5 months.

The increased sales activity has lowered available inventory attracting new listings to the market – some of them for the first time. With Jackson Hole real estate demand likely growing in 2014, it will be important for prospective buyers to watch areas of interest in the Jackson Hole market closely. For those considering listing, now may be a perfect time for a consult with one of our real estate professionals.

As the top selling brokerage we have singular insight into our local market. Find us downtown at 185 W. Broadway and at all top hotels at Jackson Hole Mountain Resort, 7-days a week.

307-733-9009 •  www.jhsir.com

Our brokerage’s history with ski properties in Jackson Hole goes back to the inception of the Jackson Hole Mountain Resort as our agents worked with the very first real estate developments on the mountain such as Rendezvous and Nez Perce Condominiums in the 1970s.

The Early Years in Jackson Hole Real Estate

As Jackson Hole Mountain Resort grew and became a world renowned destination, real estate in Jackson Hole continued to thrive. During the 1980s more successful ski condo projects were developed and sold by our firm including Timber Ridge, Sleeping Indian, Wind River and the Tram Tower Condominiums.

The late 1990s marked another exciting phase for real estate in Jackson Hole, as the newest ski-in/ski-out condo development, Moose Creek Town Homes came on line. This was the fastest selling real estate development listed with our brokerage. The pent up demand for new product fueled sales of these on mountain condos which sold out pre-build in 2 days.

Continued Real Estate Success

With the success of slope-side properties at Jackson Hole Mountain Resort came the Granite Ridge Development, some of the first new luxury fully detached homes, charming ski cabins and the ski-in/ski-out Granite Ridge Lodges.

With our experienced agents and as the exclusive brokerage to both Moose Creek and Granite Ridge, our brokerage continued to dominate the market share of Jackson Hole real estate.

Teton Mountain Lodge was the successful beginning to a new breed of hotel and condo real estate in Teton Village. Our agents successfully sold this along with the budding new preeminent commercial/residential real estate development, Crystal Springs Lodge.

With the new Jackson Hole Mountain Resort gondola, the Cody House was built at the base. With only a handful of luxury residences for sale, this project sold out in a matter of weeks and today it is rare for one of these sought after units to become available.

Jackson Hole Ski Resort Hits It’s Stride

One of the most important real estate developments in Jackson Hole was the opening of Four Seasons Resort Jackson Hole in 2004. As the first ski-in/ski-out Four Seasons Resort property in North America it helped spur the ski resort to the next level of luxury hotel accommodations and amenity rich real estate. Just awarded #2 in the “Top 40 Resorts in the West” by Conde Nast, Jackson Hole Sotheby’s International Realty offers several luxury full, and club ownership real estate opportunities.

Hotel Terra at Jackson Hole is our slope-side luxury LEED certified AAA Four Diamond hotel located at the base of the Jackson Hole ski resort in Teton Village. The full ownership condominiums are nestled at the base of the Jackson Hole tram.

The newest development at the Jackson Hole Ski Resort is Shooting Star ; bringing a world class golfing to the base of the ski resort. Awarded to #3 residential course for 2012 by GolfWeek, this luxury resort offers homesites and cabins designed by Paul Bertelli of JLF and Associates.

Some say it was the increased airline accessibility to Jackson Hole. Some say it was the aggressive estate and tax planning legislation by the state of Wyoming. Others say it was the friendliness of the Jackson Hole community and its refined western character. Whatever the reason Jackson Hole was red hot in 2013 and the outlook for 2014 is equally exciting.

Hot Spots to Watch

Demand for Teton Village real estate is growing, as Jackson Hole Mountain Resort becomes known as the top ski resort destination in the US. Many visitors are discovering this mountain gem for the first time – and falling in love with it. And look out for another hot area of Jackson Hole – the vibrant Town of Jackson. Living in town is becoming more and more sought after as new shops and restaurants line the boardwalks of downtown and the arts and entertainment scene continues to grow.

Town of Jackson Surges

Town of Jackson experienced a surge in 2013 as buyers snapped up 50% more condo units and over double the sales volume as reported by MLS. Competitive prices helped drive the action. In the price category of under $1.5M, sales volume in the Town of Jackson was up 72% and unit volume up 44% 2013 vs. 2012.

Likely this is not a coincidence as smart buyers are seeing “town” as a hot spot to watch. The town of Jackson wisely has set a vision for the community of careful growth and development. It makes sense for “town” to be the hub of our community, limiting the development in our scenic corridors and open spaces.

More Visitors Flock to Jackson Hole

The buzzword for Teton Village real estate is “value”. While the dollar volume for Teton Village real estate held flat in 2013, unit volume was up 21%. Buyers took advantage of value priced inventory, driving up transactions at Jackson Hole Mountain Resort. With the recent improvements and accolades received by Jackson Hole Mountain Resort, more and more visitors are discovering ski-in/ski-out real estate and demand for this product is increasing. The award winning Four Seasons Resort Jackson Hole is fully booked for all key dates this winter and luxury rentals are in high demand and becoming scarce as well.

A more people discover Jackson Hole, one can rest assured that the commitment to community will always be a priority. Our residents are passionate about ensuring a healthy environment, community and economy for current and future generations

LUXURY RESIDENCE CLUB OWNERSHIP

Located at the base of Teton Village, the Four Seasons Jackson Hole offers luxury fractional ownership at its finest.Owners enjoy all the amenities of our Private Residences but at a fraction of the cost. The Residence Club offers deeded ownership in luxury two or three bedroom condominiums with the ability to exchange to other Four Seasons worldwide. While in residence, owners will enjoy the luxury spa and outdoor heated pool, two on site restaurants, concierge services, and valet. The condominiums are well appointed with high end finishes throughout and spacious open floor plans. Each unit has a private deck or patio and stone fireplace. Comfort and elegance have been considered and implemented throughout this amazing slopeside property. Please stop by our office across from the Westbank Grille for a private tour and introduction to this ownership option.

2 BEDROOM

• Approximately 1,720 square feet

• Dual master bedroom

• Two and a half bathrooms

• Fully equipped kitchen with stainless steel appliances, alder wood cabinetry and granite countertops

• Private balcony

• Three 27” televisions with CD/DVD players

• Stone fireplace

• Laundry room

• Two personal safes

• Views of Jackson Hole Mountain Resort or the Jackson Hole Snake River valley

3 BEDROOM

• Approximately 2,240 square feet

• Dual master bedroom

• Three bathrooms

• Fully equipped kitchen with stainless steel appliances, alder wood cabinetry and granite countertops

• Private balcony

• Three 27” televisions with CD/DVD players

• Stone fireplace

• Laundry room

• Two personal safes

• Views of Jackson Hole Mountain Resort or the Jackson Hole Snake River valley

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COMBINATION 1/14 INTERESTS (1/14th Fraction Usage)

YEAR EVEN
• 14 Nights of High Season – Winter or Summer
• 7 Nights of Shoulder Season – Spring or Fall

YEAR ODD
• 14 nights of High Season – Winter or Summer

PLUS
• 7 Nights of Shoulder Season – Spring or Fall
• Booked at Reservation Period
• $100 per night for 2 Bedroom
• $125 per night for 3 Bedroom

PLUS
• 7 Nights of Privilege Time – Any Season
• 3 Months Maximum Reservation
• $100 per night for 2 Bedroom
• $125 per night for 3 Bedroom

• 14 nights of Owner Prime Reservation Use Time every year, 7 nights in both the Winter and Summer Seasons

• Additional 7 nights of Owner Prime Reservation Use Time in Spring or Fall every other year

• Owner Privilege Reservation Use Time: every other year additional use may be reserved on a space available basis up to ninety (90) days prior to arrival at a rate of $100 for a two-bedroom and $125 for a three-bedroom unit. Limited to a maximum of seven nights and may be made in any season.

• Owner Bonus Time: every other year additional use may be reserved on a space available basis at a nightly rate of $100 for a two-bedroom and $125 for a three-bedroom unit. Limited to a maximum of seven nights in the Spring or Fall.

• Ownership Seasons (approximate calendar months
• Winter: 17 weeks (Dec-Apr)
• Summer: 17 weeks (mid Jun-early Oct)
• Spring: 8 weeks (Apr-mid Jun)
• Fall: 10 weeks (mid Oct-Nov)

• Opportunity to exchange to other Four Seasons Residence Club Destinations

1/7th INTERESTS  (1/7th Fraction Usage)

USAGE EACH YEAR
• 14 Nights of Winter
• 14 Nights of Summer
• 7 Nights of Spring or Fall

PLUS
• 7 Nights of Shoulder Season – Spring or Fall (Owner Bonus Time)
• Booked at Reservation Period
• Only in the size unit you own
• $100 per night for 2 Bedroom
• $125 per night for 3 Bedroom

PLUS
• Unlimited nights of Any Season (Owner Privilege Time)
• 3 Months Maximum Advanced Reservation
• Any size Residence
• Based on availability and use rules
• $100 per night for 2 Bedroom
• $125 per night for 3 Bedroom

USING OWNER TIME

To reserve Owner Prime Reservation Use Time for Winter, Summer, Spring and Fall seasons, beginning in May of each year, owner completes a Reservation Priority Request Form on-line for the following calendar year. Four Seasons Residence Club Owner Services must receive completed form by June 30. Reservations are confirmed on July 15 each year in accordance with a Priority Rotation System. If any requested reservations are unavailable, starting July 16 of each year, owner may request reservations for the upcoming calendar year on a first-come, first-served basis, subject to availability.

VIEW ALL OF OUR CURRENT FOUR SEASONS  OWNERSHIP OPPORTUNITIES

 

As the brokerage that sold the most dollar volume in 2013 in Jackson Hole, we are excited for the year ahead. We predict Teton Village/Jackson Hole Mountain Resort real estate to be hot this season. Our agents have sold 70% of the dollar volume in Teton Village over the last five years, so if you need an expert in ski real estate, we have the market experience to guide you.

As the brokerage that sold the most dollar volume in 2013 in Jackson Hole, we are excited for the year ahead. We predict Teton Village/Jackson Hole Mountain Resort real estate to be hot this season. Our agents have sold 70% of the dollar volume in Teton Village over the last five years, so if you need an expert in ski real estate, we have the market experience to guide you.

There is an exciting buzz in the air about Winter 2013/2014 in Jackson Hole. During the height of this winter season 1,356 passengers will arrive by air each day for skiing, playing and exploring in our beautiful mountain town. Shops, hotels and restaurants are preparing for an influx of visitors, new to Jackson Hole – and the resort has never looked better.

Jackson Hole Mountain Resort kicked off the season with an unprecedented opening weekend without a hitch. On November 29^th, over 4,300 skiers and riders enjoyed free skiing as a Thank You to the community.

The new Casper lift is zipping skiers to an incredibly fun intermediate experience with a new network of trails. Also new this winter, Jackson Hole Mountain Resort has integrated advanced RFID lift ticket technology. These are reusable tickets called the J Card that contain a RFID (Radio Frequency ID) tag integrated into the card. With this new system guests pass through the lift gates automatically and easily.

Between the #1 award for Jackson Hole Mountain Resort by SKI Magazine, the new direct airline flights, and the #1 ranking of Jackson Hole by Forbes magazine (again); add over 11 feet of snow and we just may have the perfect storm.