Jackson Hole Housing Market Explodes!

Well let’s put that phrase in context – The Jackson Hole / Teton County active listing market is exploding! Yes – everyday there are more and more listings hitting the market and unfortunately not many of them are going under contract. There are currently about 845 active listings in Teton County, Wyoming. Previously the high was reached in October of 2008 so we have basically been drowning in listings for over 6 months.

When comparing today’s active listings to last year we see that in May of 2008 there were about 480 listings and if we look at May of 2007 there were only about 400 listings. The current inventory load will only continue the price pressure we are witnessing on the market. Transactions are taking place but in most cases we are seeing 20% to 30% discounts given from the high of the market!

Stay tuned as we are currently updating our Top Picks. For more information on the current market please call or email the JacksonHoleExperts – Christy and Garth Gillespie Sotheby’s International Realty – Jackson Hole Brokerage. We are here to help and work everyday to exceed your expections.

A Surprise Awaits You in Cottonwood Park – Jackson Hole – New Listing!

Excellent Floor Plan with Beautiful Kitchen

Excellent Floor Plan with Beautiful Kitchen

2120 Lilac Lane

2120 Lilac Lane

Cottonwood Park Gem!

Here’s the full package at a great price in Cottonwood Park – Jackson Hole. Located on a quite street, near the schools and bike path, 2120 Lilac Lane is a fantastic opportunity to purchase a beautifully remodeled, large 3 bedroom, 3 bathroom home. The property is .18 acres of well landscaped yard and gardens with views of Rendevous Mountain and High School Butte. Be ready to be impressed by the interior. Recently remodeled and expanded the 2,100 square foot home is almost new. Beautiful hickory floors grace the main floor which includes the kitchen, the living and dining rooms and two bedrooms. The wonderful kitchen, highlighted by the granite and tile covered island in the center of the room, includes new appliances, high-tech lighting, cherry cabinets and pantry.

The master bedroom is located on the lower level and makes for a relaxing retreat. The master wing has a large walk-in closet, hydronic in-floor heating, big windows and a spa like bathroom. Double sinks, soaking tub, walk-in tiled shower and gorgeous maple wood cabinetry all highlight the master bathroom.

Additional features of the interior include: 2 living areas (game room, living room), a powder room, new lighting throughout the home and concrete flooring on the lower level. The exterior features include a huge 1 car garage with additional storage and climbing wall potential. A fenced-in parking area that is perfect for a drift boat or snow mobiles. A wonderfully laid out garden area which includes raised beds, a fenced back yard and a peaceful back deck.

Public water and sewer service. Low homeowners fees – $420 a year! Cottonwood Park has a storage yard available for owners to store “toys”. Irrigated yard.

Call us today! We are happy to show you this home. The JacksonHoleExperts can be reached toll free at 877-739-8056.