january 20, 2016 real estate news
DESCRIPTION
Jackson Hole real estate market updates.TRANSCRIPT
185 West Broadway Jackson Hole, WY (888) 733.9009
NEWSREAL ESTATE
®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates LLC. An Equal Oppor tunity Company. Equal Housing Oppor tunity. Jackson Hole Sotheby’s International Realty is Independently Owned and Operated.
Overall, the market at Teton Village is very strong with inventory levels down 20% from a year ago. Sales volume was up 68% compare to 2014 and unit sales increased by26%; most of the activity was focused on the condo/townhome market and the newest development, Shooting Star.
Shooting Star captured a majority of the high-end sales at the ski area for both homes and land in 2015. The developers are building additional Cabins and Lodges on their single-family home sites due to strong demand for a pre-built product. The majority of these were reserved prior to breaking ground for construction. The developers are also starting on two large spec homes to capture the current demand. The club added 56 new golf members in 2015 and there are only 45 memberships remaining. For those buyers looking to be right on
the slopes of the Jackson Hole Mountain Resort, Granite Ridge and the Four Seasons have been the focus of recent activity. Current offerings include the last remaining undeveloped front line lot in Granite Ridge listed at $4,750,000. Of the four pre-built options on the MLS in Granite Ridge, two are currently under-contract. Current single-family offerings within Teton Village range from $3.095M to $12.750M, and include a six thousand square foot ski-in/ski-out home recently listed for $9.5M. Additional information and offerings on Private Residences and the Residence Club at the Four Seasons Resort Jackson Hole can be obtained from the Four Seasons Team, located across from the Westbank Grill. Jackson Hole Sotheby’s International Realty maintains five offices throughout Teton Village.
INVENTORY DOWN, SALES UP IN TETON VILLAGE
Wednesday, January 20, 2016
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NEW OWNERSHIP USHERS IN NEW YEAR AT BROKERAGE
Jackson, WY – Jackson Hole Sotheby’s International Realty announced its acquisition by Jeff and Olivia Hornig, effective as of December 31, 2015. “We are thrilled to award Jeff and Olivia the opportunity to bring their unique client- and agent-centric leadership to Jackson Hole and Sun Valley,” said Francis Santangelo, Vice President of Global Operations for Sotheby’s International Realty Affiliates, LLC. The specific terms of the sale remain private, ownership of Jackson Hole Sotheby’s International Realty as well as the Sun Valley affiliate office has transferred to the Hornigs. Local management of each office will remain unchanged, with Donna Clinton as managing broker and chief operating officer for the Jackson Hole office and Darlene Young as managing broker for Sun Valley. The local real estate brokerage began its history in the valley as Jackson Hole Realty in the 1930’s and was purchased by Sotheby’s International Realty in 2004 after nearly seventy years of growth and mergers. The brokerage was purchased in 2010 by the Huntsman family, known locally for their luxury golf development in Driggs, Idaho and the Hunstman Cancer Institute in Salt Lake City, Utah.
“The acquisition will provide our brokerage with additional resources and leadership from a dynamic couple with a passion for the real estate industry, and an understanding of what makes the Sotheby’s International Realty model unique,” says Clinton. The Hornigs have owned and operated the Lakes Sotheby’s International Realty brokerage in Minnesota since 2008 where they have grown the brokerage’s presence
from fifteen agents to ninety.
Pictured Above (L to R): Jeff Hornig, Francis Santangelo and Lisa Piccardo of Sotheby’s International Realty Affiliates, LLC., Olivia Hornig, Michelle Davis, and Jacob Smith.
“We are thrilled to award Jeff and Olivia the opportunity to bring their unique client- and agent-centric leadership to Jackson Hole...”
-Francis Santangelo, Vice President of GlobalOperations for Sotheby’s International RealtyAffiliates, LLC.
Sotheby’s International Realty Affiliate purchases local office by Staff Writers
Key metrics and inventory levels reveal strength of micro-market
by Brandon Spackman, Associate Broker
Pictured Above: Views of the Jackson Hole Mountain Resort’s iconic aerial tram and Corbet’s Couloir from a front line Granite Ridge Listing.
PAGE 2 • REAL ESTATE NEWS, Wednesday, January 20, 2016
Extraord inar y dwel l ings in the Amangani Resor t ne ighborhood.
SPACKMANS & ASSOCIATESYOUR GUIDES TO THE JACKSON HOLE LIFESTYLE
To view more information on our listings, please visitWWW.SPACKMANSINJH.COM
(307) 739-8156 | [email protected]
BABBS, BRANDON, DAVE, STEPHANIE, LIZ
Designed to echo the Amangani Hotel, Petite Aman is truly its own private resort. Five guest en suites,
media room, library, spa and stone terracing, sweeping ranch land and mountain views and so much more. $11,750,000. MLS # 15-2719
This villa is tucked into the hillside
overlooking the valley with Tetons
rising as a stunning backdrop.
Offering privacy, warmth and modern
design, there is 11,000 square feet of
living space and 5,000 square feet of
terraces, patios and courtyards.
$11,200,000. MLS # 14-2391
PROPERTIES INSPIRED BY living.
PETITE AMAN
PEACEFUL AMAN VILLA
REAL ESTATE NEWS, Wednesday, January 20, 2016 • PAGE 3
ELEGANTLY APPOINTED HOME & LOTThe 3,800 square foot home is sited on a .72 acre lot and has had impressive custom updates. The .63 acre lot to the south has Wilson Faces and golf course views. Both properties are located on the 15th fairway in Teton Pines Country Club.$3,865,000. MLS #15-2563. $1,325,000. MLS #15-2574.
QUIET EAST JACKSON CONDOBright end unit with a cozy living room, eat-in kitchen, remodeled bath, newly updated light fixtures throughout, a front deck with Snow King views, two parking spots and exterior storage closet. Just four condos in the Homeowner Association.$389,000. #15-2982.
CRÈME DE LA CRÈMELocated in Dairy Ranch just a five-minute drive from the Town of Jackson, this private 19-acre property sits in a well-established elk migration route and offers beautiful ponds and meadows and extraordinary views.$5,275,000. #15-2635.
This Teton Range view estate home on two combined lots has a seasonal stream and a birds-eye view of the 16th green. Completely updated in the last year, the home has 4 beds, 4.5 baths and is offered fully furnished.$3,750,000. #16-36.
SKI-IN/SKI-OUT GRANITE RIDGE HOMESITEThis beautiful home site offers ski area views, borders protected lands and has a natural mountain stream flowing through. Enjoy easy access to the ski slopes at the legendary Jackson Hole Mountain Resort.$2,495,000. #15-75.
OLD WORLD GRANDEURThis distinct timber and stone home offers one of the valley’s most unique settings, a private island edged by swan ponds on the 18th fairway in Teton Pines. Meticulously detailed and thoughtfully designed, it is the rare estate that balances comfort and grace.$8,950,000. #15-1364.
Your Guides to the Jackson Hole Lifestyle.
SPACKMANS & ASSOCIATESBabbs, Brandon, Dave, Stephanie & Liz
307.739.8156
CHIC TETON PINES ESTATE HOME
New Listing
PAGE 4 • REAL ESTATE NEWS, Wednesday, January 20, 2016
#112
#307
#227
#419
#301
DISCOVER THE JACKSON HOLE LIFESTYLE Two SpecTacular properTieS - one Group of experTS To Guide You
1 Bed / 2 Bath - $645,000
1 Bed / 2 Bath - $695,000
1 Bed / 2 Bath - $717,000
2 Bed / 3 Bath - $895,000
2 Bed / 2 Bath - $1,200,000
AdditionAl ReAlty GRoup offeRinGs in teton VillAGe
307.739.8070 | [email protected] | REALTYGROUPJH.COM
ReAlizinG JAckson Hole dReAms foR ouR clients since 2003
JEFF WARD307.690.0873
ROB DESLAURIERS307.413.3955
KELLI WARD307.690.5286
JAKE KILGROW307.413.2822
#522
#469
#272
#318
#559
#518
#467
1 Bed / 1 Bath - $575,000
1 Bed / 2 Bath - $725,000
2 Bed / 3 Bath - $900,000
2 Bed / 3 Bath - $919,000
2 Bed / 3 Bath - $950,000
2 Bed / 3 Bath - $995,000
3 Bed / 4 Bath - $1,500,000
Teton Mountain Lodge Current Offerings
Hotel TerraCurrent Offerings
Full Ownership Condo at the Four Seasons2 Bedrooms | 2.5 Baths | $2,825,000 | #15-2909
Best Priced Lot in Granite Ridge0.67 Acres | $2,295,000 | #14-249
Tramtower Townhome3 Bedrooms | 4 Baths | $1,895,000 | #14-2777
Fantastic Building Site in Shooting Star1.17 Acres | $2,850,000 | #15-2977
Jake Kilgrow • 307.413.2822 Jake Kilgrow • 307.413.2822
Rob DesLauriers • 307.413.3955Rob DesLauriers • 307.413.3955
REAL ESTATE NEWS, Wednesday, January 20, 2016 • PAGE 5
The Mountain ChaletThis ultra rare, true ski-in ski-out home presents the ultimate opportunity to own a quintessential luxury ski chalet on the slopes of the iconic Jackson Hole Mountain Resort. Boasting over 6,000 square feet of immaculate space with 4 bedrooms and 6 baths its a ski family’s dream home.
Front Line Ski-In/Ski-Out Building Site
RARE SLOPESIDE IN TETON VILLAGE
Extremely rare opportunity to acquire one of 4 remaining undeveloped true ski-in/ski-out building sites at the legendary Jackson Hole Mountain Resort. Featuring incredible light and unmatched views of the ski resort and across the entire snake river valley to the Sleeping Indian, Jackson Peak and Snow King mountain.
$4,495,000 | #15-405
$9,500,000 | #15-3021
ROB DESLAURIERS307.413.3955
JAKE KILGROW307.413.2822
PAGE 6 • REAL ESTATE NEWS, Wednesday, January 20, 2016
Welcome to Fall Creek Lodge located in Wilson, and within 15 minutes to the Jackson Hole Mountain Resort, this home encompasses rustic refinement with modern touches. Situated on 3 acres, you will love the views this 5 bedroom home offers set overlooking a pond in a natural landscaped setting. Other features include, guest apartment, lovely entertaining areas, media room, game room, and an exceptional master suite. We invite you to preview this one of a kind property. Call us today...
JILL SASSI-NEISON(307) 690-4529(307) [email protected]
COLLIN VAUGHN(307) 413-1492(307) [email protected]
TETON PARTNERSREAL ESTATE, LLC
Price Available Upon Request.
Refined Living | Fall Creek lodge
Expansive Estate South of Wilson
307-413-3814 [email protected]
www.propertiesjacksonhole.com
CHRIS GRANT(307) 413-3814
EXPERTISE - HARD WORK
INTEGRITY - TEAM APPROACH
Top Producers 2013/2014
WOODSIDE ESTATE | PRICE UPON REQUEST 6 BEDROOM, 7 BATH | 6,800 SQ. FT. | 5 ACRES
Jane Carhart, Associate Broker(307) 413-8961 • [email protected]
JacksonHoleLuxuryProperties.com
This 5.5 acre mountain home has it all. The Indian Paintbrush
setting has hiking and biking trails at your doorstep. The property’s
secluded location is adjacent to USFS and Crescent H open space.
Spectacular views of the Snake River, Munger Mountain and the
Gros Ventre Mountains can be enjoyed from the spacious deck.
The beautiful 2,854 square foot log house and 861 square foot
guest house offer amenities including a pool house with an endless
swimming pool, hardwood floors, high-end appliances and a large
outdoor hot tub to enjoy after a day of playing in Jackson Hole!
3 bed, 3 bath, 2,854 sq. ft. $2,295,000. #15-2087.
Quintessential Mountain Retreat
REAL ESTATE NEWS, Wednesday, January 20, 2016 • PAGE 7
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
70 acres on the Snake River
CONSIDER THIS OPPORTUNITY . . .
PROPERTIES INSPIRED BY living.
SPACKMANS & ASSOCIATESYOUR GUIDES TO THE JACKSON HOLE LIFESTYLE
To view more information on our listings, please visitWWW.SPACKMANSINJH.COM
(307) 739-8156 | [email protected]
BABBS, BRANDON, DAVE, STEPHANIE, LIZ
PAGE 8 • REAL ESTATE NEWS, Wednesday, January 20, 2016
®,™ 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.®,™ 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.
JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY185 W. Broadway Jackson, WY 83001 | 888.733.9009 www.JHSIR.com
3415 North Pines Way Wilson, WY 83001 3535 North Moose-Wilson Road Wilson, WY 83001
7680 Granite Loop Road Teton Village, WY 830253335 West Village Drive Teton Village, WY 83025
3385 West Cody Lane Teton Village, WY 830257710 Granite Loop Road Teton Village, WY 830253200 McCollister Drive Teton Village WY 83025One South Main Street Driggs, ID 83422
Additional Office Locations
SIGNIFICANT SALES FROM 2015
DID YOU KNOW?The average sale price in the MLS in 2015*
was $1,507,400.
The average sale price for a property listed with
Jackson Hole Sotheby’s International Realty
was $2,087,700.
A selection of transactions where Jackson Hole Sotheby’s International Realty agents represented both the buyer and the seller.
*Data compiled from Teton Board of Realtors MLS for zones 1-10 during calendar year 2015. Data excludes commercial sales and is corrected for $0 sales.