The Jackson Hole Community Truck – Christy and Garth Gillespie

IMG_6993Christy and Garth Gillespie recently moved to Jackson Hole Real Estate Associates – Christie’s International Real Estate – and we “moved” the Jackson Hole Community Truck with us!  We know the value our truck brings to the valley so we want to make sure you have the information available to reserve the truck.

If you are not sure what the Jackson Hole Community Truck is….well about 8 years ago Christy and Garth Gillespie thought about a way that we could make a positive impact in our community.  Jackson has so many non-profits and we tried to think of a way that we could support most of them.  We came up with the idea of a Community Truck and to allow all non-profits the use of it for what ever they need.  Moving supplies, setting up for a function, helping a needy family or changing office locations it is available for all.

During the past 8 years the truck has been used at least 100 days of each year to all sorts of individuals and non-profits.  Every year we also ask for supporters/sponsors of the truck and in 2014 we’d like to thank — First Interstate Bank, Jackson Hole Title and Escrow, All American Home Inspections and Albertson’s for their generous support.

To use the truck call the Community Truck Hotline at 307-732-7614, call Garth at 307-413-5243 or email us at

February 2014 in Review – The Jackson Hole Real Estate Market

elk in refuge

February’s market update needs to start with a recap of our crazy weather in Jackson Hole.  As most of you have read – February was the wettest on record.  We had a ton of snow but the big story was the amount of moisture we received.  Temperatures were warm so we had a few episodes of rain in the valley.  Weather forecasters call this the Pineapple Express as our storms originate in the Pacific and stream right over the Tetons.  The weather pattern continues as even today we are seeing a rain in the valley and snow in the mountains.  The ski resort has seen record amounts of tourists/skiers and the town has been very busy in the evenings.

Our real estate market continues to move forward in a fairly uneventful manner.  In many ways this is good as we see steady sales and no major swings of activity.  The winter months are known for this so I would call the market “normal”.  The big story is that inventory is starting to wane.  Comparing 2013 to 2014 we have 100 less listings in the Teton Board of Realtors MLS.  When comparing February 2013 to 2014 we had 28 fewer new listings hit the market.  Christy and I specialize in listing homes in Jackson Hole and our call volume for spring listings is down when compared to last year.

February 2014 saw 20 residential sales and 6 vacant lot sales.  The highest priced listing to sell was 2675 W. Stonecrop Road which is located on the “westbank” and was listed for $5,575,000.  There were a total of 7 sales over $1 million and 13 sales under $1 million.  Sales were spread out throughout the valley with 5 sales on the west bank, 4 sales at Teton Village, 4 sales in the Town of Jackson, 2 sales south of town and 1 sale north of town. When comparing sold data to 2013 the market had equal transactions (27) in 2013 to (26) in 2014.  Dollar volume was considerably less in 2014 with List Price Volume of $44 million compared to List Price Volume of $33 million in 2014.

There are 57 pendings in Teton County with a List Volume of $51 million.  36 of the pending transactions are price under $1,000,000.  There are 14 pending transactions in the town of Jackson with 12 of those under $500,000 (the condo and townhome market).  More breakdowns: 6 pendings in Teton Village, 17 pendings in the south of Jackson market, 4 north of town and 11 pending sales on the “westbank”.

Active Market:  a total of 420 total active listings in Teton County.   41 in the town of Jackson with 34 of the 41 units priced under $1 million.  41 units for sale in Teton Village with an additional 37 fractional ownership properties actively marketed.

Christy and Garth Gillespie are actively looking for additional properties to sell.  We have a very aggressive marketing plan to go along with our thorough analysis of all properties we list so that we achieve the goal of the seller – a quick sale with the highest possible sales price.  2013 was one of our most successful and if we would have stayed at Sotheby’s International Realty – Jackson Hole through the end of 2013 we would have ranked extremely high in their rankings of successful real estate teams.  Call today to find out more about our services or if you would like us to do an analysis of your home or vacant lot in Jackson Hole.

Christy and Garth Gillespie work at Jackson Hole Real Estate AssociatesChristie’s International Realty and can be reached at 307-413-5243 or email us at

****All statistics gathered by Garth Gillespie from the Teton Board of Realtors MLS

A Quick Look at the Jackson Hole Real Estate Market

Sold!  List Price $1,850,000

Sold! List Price $1,850,000

January 2014….where do you go?  We had an excellent January in Jackson as we had great sunshine most of the month and then 2 feet of powder the end the month.  Today it is snowing and we have a Winter Storm Warning thru Monday (sometimes a jinx but the jet stream is positioned to deliver lots of moisture).

The first month of the season saw a pretty stable real estate market.  We had 24 closings with 18 residential unit sales and 8 vacant land parcels selling.  There were 3 sales at $3 million (2 vacant land parcels in Teton Village and a beautiful ranch in Dairy Ranch).  Sales were spread out throughout the valley including Melody Ranch(1), The Aspen’s(2), Town of Jackson (9), north of town (2), south of town (5) and the westbank (2).

Christy and Garth Gillespie had one fantastic closing south of town – Eagle Ranch – listed for $1,850,000.  Christy and Garth have been marketing Eagle Ranch for almost 3 years (never gave up hope, never stopped advertising and always believed we’d find the perfect buyer).  Eagle Ranch was an amazing parcel consisting of 20 acres, a 5,000 sq. ft . home, 1,200 sq. ft. guest house and offered privacy and wonderful wildlife viewing.  The new owners are going to be pleasantly surprised.

Currently the real estate market in Jackson Hole has 50 pending transactions and 453 active listings. 

To find out more about the current real estate market in Jackson Hole please do not hesitate to call us at 307-413-5243.  Christy and Garth Gillespie are some of Jackson’s leading real estate agents and have recently move real estate brokerages from Sotheby’s International Realty to Christie’s International Real Estate – Jackson Hole Real Estate Associates.

2013 Year End Market Report

Watch a video to see what Christy has to say about the 2013 market and how it will lead into 2014.

For a more detailed report, please read the 2013 Market Report.

Garth and Christy Gillespie – The Jackson Hole Experts move to Christie’s!

Christy and Garth


December 5, 2013


Jackson Hole Real Estate Associates — Christie’s International Real Estate Proudly Welcomes The Gillespie Real Estate Team

Established professionals and top producers announce alignment with Jackson Hole Real Estate Associates, exclusive affiliate of Christie’s International Real Estate in Wyoming and Idaho 

For Immediate Release — Jackson Hole Real Estate Associates, the exclusive affiliate of Christie’s International Real Estate, announced today that Christy and Garth Gillespie and their team have joined the firm.

 “Jackson Hole Real Estate Associates has positioned our company as the largest and most dynamic real estate firm in the Teton Region.  Christy and Garth offer a track record of 17-years of success in the business and we are proud to have them on board,” said Chad Budge, JHRE Associates Partner.  “Christy and Garth have built a business based on unparalleled integrity and market expertise.  Their affiliation with our organization is a natural fit,” continued Budge.  “The Christie’s affiliation is extended only to those real estate companies with proven records of success in high-value home sales and who exemplify Christie’s traditional value of service.   Christy and Garth epitomize this client-focused approach to real estate and we look forward to great things with them on board,” stated Julie Faupel, JHRE Associates Partner. 

 Both Christy, Garth and their team members are equally enthusiastic about the move. “We are thrilled to align our team with the new market leaders in the valley along with the affiliation to the world’s leading luxury real estate brand; Christie’s International Real Estate.  This partnership offers an incredible opportunity for us to grow our services as professionals and we are looking forward to having an even more competitive edge in our market.   Our successful reputation has been based upon serving our customers and the decision to join Jackson Hole Real Estate Associates is no exception,” said Christy in a recent phone interview.


The Gillespie Real Estate Team will maintain offices at Jackson Hole Real Estate Associates flagship downtown location at 80 West Broadway.        

About Jackson Hole Real Estate Associates

 Jackson Hole Real Estate Associates is the exclusive affiliate of Christie’s International Real Estate in Wyoming and Idaho and was recognized as the Global Affiliate of the Year from Christie’s International Real Estate.  The reputation of Jackson Hole Real Estate Associates for exemplary client service and market knowledge combined with the power of Christie’s International Real Estate, the largest network of independent real estate firms, offers a synergy between local strength and global networking.  Christie’s International Real Estate, a wholly owned subsidiary of the renowned auction house Christie’s, is the largest international network of real estate companies specializing in the sale of luxury and notable properties.

About Christie’s International Real Estate

 Christie’s International Real Estate is the largest international network of real estate companies dedicated to the sale and marketing of luxury homes and a subsidiary of Christie’s, the world’s leading art business. Christie’s clients who buy and sell works of art often request real estate services. The Christie’s International Real Estate global network spans more than 42 countries with over 1,000 offices and approximately 35,000 brokers. Committed to the auction house’s two-century-old tradition of exceptional customer service and expertise in high-value marketing, the network achieved total combined sales in excess of $125 billion.

 Admittance to the Christie’s International Real Estate network is offered by invitation only to those real estate companies with proven records of success in high-value home sales and who exemplify Christie’s traditional value of service. Exceptionally skilled local real estate specialists, a client-focused approach, and strategic global marketing to a qualified audience of proven luxury consumers are the hallmarks of Christie’s International Real Estate


Jackson Hole Real Estate Associates – Christie’s International Real Estate – Jackson Hole!

Garth and Christy Gillespie move to Christie's International Real Estate Jackson Hole -- Jackson Hole Real Estate Associates

Garth and Christy Gillespie move to Christie’s International Real Estate Jackson Hole — Jackson Hole Real Estate Associates


Last week was a very exciting time for Christy and Garth Gillespie as we moved our real estate business to Jackson Hole Real Estate Associates.  Sometimes a little change is good and we feel like moving our business to the largest real estate brokerage in the valley is a great opportunity for us to expand our business.  Local ownership is another exciting development as we know the owners at Jackson Hole Real Estate Associates and know they are committed to providing the best opportunities for all their customers and their employees.  Christy and I have worked closely with many of the agents here at Christie’s Jackson Hole so getting used to our new environment will take no time at all.


We have new phone numbers — Garth at 307-732-7611.  Christy at 307-732-7610 and Audrey at 307-7612.  Please call us to say “Hi” or stop by our new office at 80 West Broadway – Directly across the street from the Wort Hotel.

Customer Testimonials for Christy and Garth Gillespie – the Jackson Hole Real Estate Experts

See what our Jackson Hole buyers, sellers and friends are saying about working with us.

To learn more about Christy and Garth Gillespie and the Jackson Hole Experts please call us at 307-413-543 or email us at


The Gillespie Community Truck – Jackson Hole Non-Profits and Customers

Drvr Side w-truck-e

The Gillespie Community Truck

Reserving and Using The Gillespie Community Truck

  1. Call at 307-732-7614 to schedule the date(s) you wish to use the truck.  Please call a few days in advance.
  2. Arrange a time with Garth, Christy or Bailey to pick up the key and fill out the paperwork.
  3. Bring your driver’s license and insurance card so copies can be made when you pick up the key.  If there will be additional drivers, please be sure to bring a copy of their license and insurance.
  4. Fill out Rental Agreement Forms and Safety Qualification.
  5. Make sure the gas tank is full before you use the truck.  The prior driver should have filled up the tank.
  6. Please bring back the truck in the condition you received it in with the gas tank filled to the Wort parking lot.
  7. Drop off the keys along with a check for the $20/day donation fee made out to “Garth and Christy Gillespie” unless your association has agreed they would like to include the “Gillespie Community Truck” in a “thank you” advertisement.

Garth and Christy Gillespie

Jackson Hole Real Estate Assoc. – Sales Associate


Great Time To Sell Your Home In Jackson Hole, Wyoming

Garth and Christy Sign

Christy and I came across this interesting information about Market Timing and how right now may be a perfect time to list your home for sale.  Christy and Garth Gillespie, Jackson Hole Sotheby’s, have a wonderful Listing Presentation.  Call us today to set up an appointment – 307-413-5243.

Many now realize that it is a great time to buy a home.  It might also be an opportune time to sell your house.  Here are the five reasons we believe now may be a perfect time to put your house on the market.

1. Demand Is High

The most recent Existing Home Sales Reports by the National Association of Realtors (NAR) show a double digit percent increase in sales year-over year; sales have remained above last year’s levels for over 25 months.  There are buyers out there right now and they are serious about purchasing.

2. Supply Is Beginning to Increase

Total housing inventory is again approaching historic norms of a 5 month supply compared with 4.3 months in January.  Many expect inventory to continue to rise as 3.2 million homeowners escaped the shackles of negative equity in the last 12 months and an additional 1.9 million are expected to enter positive equity in the next 12 months.  Selling now while demand is high and before supply increases may garner you your best price.

3. New Construction Is Coming Back

Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block.  As the market is recovering, more and more builders are jumping back in.  These ‘shiny’ new homes will again become competition as they are an attractive alternative for many purchasers.

4. Interest Rates Will Again Rise

Although Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have softened recently, most experts predict that they will begin to rise later this year.  The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison projecting that rates will be up almost a full percentage point by this time next year.

Whether you are moving up or moving down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

5. It’s Time to Move On with Your Life

Look at the reason you are thinking about selling and decide whether it is worth waiting.  Is the possibility of a few extra dollars more important than being with family; more important than your health; more important than having the freedom to go on with your life the way you think you should?

You already know the answers to the questions we just asked.  You have the power to take back control of your situation by putting the house on the market today.  The time may have come for you and your family to move on and start living the life you desire.  That is what is truly important.

Christy and Garth would be thrilled to meet with you if you are having thoughts of listing your Jackson Hole Property.  Fell free to call or email us!

One of Jackson Hole’s Most Active Real Estate Neighborhoods In 2013 — Melody Ranch

Melody Ranch - Jackson Hole

Great property in Melody Ranch. Best price per square foot in the subdivision!

The 2013 Real Estate Market in Jackson has been one marked by vast improvement over past years.  This of course should be expected after a few of our worst years (2009, 2010, 2011).  2013 has been tracking below the “glory years” of (2007, 2006, 2005) but overall we have seen robust sales and sales volume.

One neighborhood that has seen an incredible rebound is the South of Jackson neighborhood – Melody Ranch.  Melody Ranch is a beautiful neighborhood just 4 miles south of Jackson and it is relatively a young subdivision for Jackson standards as it is less than 20 years old.  Newer homes, floor plans and house designs are attractive for many residents in the Jackson Hole area.

Melody Ranch has always seen active sales as it offers an opportunity for new residents, residents moving up in the market and residents looking to change addresses due to the wonderful views and weather Melody offers.  Sales for the past 10 years are as follows:

2004 : 12

2005: 25

2006: 21

2007: 16

2008: 8

2009: 13

2010: 13

2011: 10

2012: 12

2013 is looking much stronger as we have already seen 17 sales and there are 6 pending transactions.  There are currently only 5 active listings.  Wow – What a great time to think about listing in Melody!  We have seen nice appreciation this year and expect that to continue with the lack of inventory.

To learn more about Melody Ranch – Call Christy and Garth Gillespie at 307-413-5243.  We have represented the most buyers and sellers in Melody Ranch for the past 5 years and nobody in the Jackson Hole Real Estate business has even gotten close to our success.  We have proven sales techniques that we are happy to share with you.  We have have the most complete market report for the area.  Email us at for a Free Market Update!