Top 10 Home Trends That Buyers Want in 2016

2016 is here! It’s time for fresh ideas and new designs. What trends will buyers be gravitating towards when looking for their new home this year? We will definitely see sustainable living and smart home technology on their wish lists. What else?

1. New finishes

Matte finishes will slowly replace stainless steel in 2016 and 2017. Don’t worry, they will still blend in with existing appliances such as stainless or black and white, but it will help the homeowner save money by transitioning their appliances over time instead of having to buy everything all at once. The matte finishes have a bonus, too. They hide fingerprints, smudges and dirt, and they are easier to clean than typical stainless steel finishes.

2. Cushioned flooring

The days of cement flooring are out. It’s too cold and hard on the feet. Cork flooring is making a comeback. It now comes in a variety of colors and is much more comfortable to walk on than traditional wood flooring and ceramic tile.

3. Circadian lighting

This year, GE is expected to release its new smart LED bulb that can change the color of the light that’s emitted to sync with the body’s circadian rhythm. “C by GE” uses Bluetooth connectivity to communicate with your smartphone so you can personalize your color temperature settings throughout the day. It’s designed to sync with your sleep cycle. You’ll be able to set it to change from energizing white light during the day to a warmer, more relaxing orange glow in the evening.

4. Better water quality

The National Association of Homebuilders’ 2016 New American Home will feature a whole-home water filtration system, and this will be an ongoing trend in new homes. Clean living is in. For existing homes, this will be a popular feature tacked onto home renovation budgets.

5. Simplicity and tech

Efficient, family-friendly layouts and open floor plans with smart home technology are going to be more popular than ever in 2016. Today’s buyers are looking for homes that are well-designed with more space in central living areas, great flow and clever, built-in storage. And a large percentage of buyers won’t be looking for the huge, 3,000-square-foot properties anymore. Smaller, smart homes are what tech-savvy buyers want — especially millennial buyers. They are all about respect for the environment, conserving energy and high-tech homes.

6. Less grout surfaces and a clean aesthetic

Luxury vinyl flooring and larger tile (12-by-24 inch or 36-by-36 inch as opposed to 12-by-12 inch) will be a huge trend in 2016. There will be more of the larger 5-by-10 foot tiles in shower surrounds and walls in bathrooms. These larger, smooth surfaces not only have a simple, clean design aesthetic, but they also use less grout, which is difficult to clean and susceptible to mold and mildew.

7. Lower pile rugs

Fewer shags and more patterned carpets will replace the standard plush. Cut and loop will be popular in 2016 and beyond. Carpet pattern and texture increase the perception of quality and value in carpet and can contrast beautifully with smoother elements such as walls, counters and furniture surfaces.

8. Enhancing health with clean design homes

With all of the healthy home products available to consumers right now, it’s possible to live in an environment that is beautiful, sustainable, energy efficient and safe with no sneezing or off-gassing. Top trends will be fabrics that don’t hold dust, Quartz stone countertops that are lower maintenance with antibacterial properties and durability, mudrooms with benches where people can leave their shoes to prevent toxins from entering the home and under-mounted sinks, which keep things cleaner by not trapping bacteria in the lip of the sink.

9. Luxury home amenities

The luxury market will also include new high-end amenities such as outdoor showers, procedure rooms, separate guest spaces and private museums.

10. Multi-family construction

Millennials and Generation Xers are likely to make up the largest portion of homebuyers in 2016. New developments are now thinking outside of the box by offering a wide variety of amenities such as pet-friendly facilities, observatories, luxury spa services, valet parking and on-site workspaces to appeal to this demographic. Sustainable living and smart home technology is here to stay and is just getting bigger and better year after year.


Article from

Best Teton Views In the Town of Jackson

Fabulous home on Snow King Mountain with some of the best views of the Tetons.

Fabulous home on Snow King Mountain with some of the best views of the Tetons.

6 Bedroom, 4,500 sq. ft. home with 5 garage bays.  Borders the National Forest

6 Bedroom, 4,500 sq. ft. home with 5 garage bays. Borders the National Forest










Just Listed!  955 Snow King —

This 4,424 beautiful multi-level home has stunning views of the Elk Refuge and Teton Range. This home has been thoughtfully built into a gently sloping hillside which maximizes the Teton views from almost every room. The entry features a grand foyer with cathedral ceilings and a staircase that ascends to the centerpiece of the home on the 2nd level. This middle level features an inviting open floor plan with multiple living areas perfect for family living or entertaining. A gracious living room with a gas fireplace opens to a beautiful dining area & a curved custom built bar. Vaulted ceilings, hickory floors, and expansive windows create a sense of warmth and space to the dining room and kitchen areas.

The spacious kitchen flows from the dining area and is wonderfully designed with large windows for plenty of sunlight and access to the deck and hot tub area. The kitchen also features: a walk in pantry, cozy sitting area complete with a gas fireplace and access to a media room to enjoy a family movie or curl up with a great book. The upper level of the home is a master suite with vaulted ceilings and a cozy sitting area with a gas fireplace. Large windows and its own private deck allow you to bask in the view of the Tetons. The master bath is as equally inspiring with perfectly framed views, steam shower and large soaking tub. The upper level is complete with 2 more spacious guest rooms & a bath. The lower level of the house features 2 bedrooms which can easily become a guest apartment with its own private access and garage. The home features a total of 5 attached garages and 2 mud rooms, a dog wash, a wine cellar, expansive landscaping with rock terraces and wildflower gardens. Not to mention you can hike from your back door into USFS for miles.

Price — $1,875,000

For additional information on this wonderful listing or to set up a showing please contact the “Jackson Hole Experts” Christy and Garth Gillespie at 307-413-5243 or email us at

Jackson Hole Real Estate – April 2014 Update

Excellent choice for East Jackson living!

Excellent choice for East Jackson living!

If you are looking for trends in our current real estate market I would say the strongest trend is lack of inventory. And in direct correlation with lack of inventory we have less sales and higher prices. Comparing April 2013 to April 2014: we had 31 residential sales in 2014 verse 42 sales in 2013. Sales volume was about identical at about $27 million which results in a 30% increase in average sales price. The inventory numbers for lower price properties continues to shrink and is also represented when comparing sales for the two Aprils – April 2013 had 31 sales under $1 million where 2014 only saw 22 sales under $1 million.
Vacant land in Jackson Hole continues its resurgence as we had 7 sales in 2014. 4 properties south of Town in the more “local” locations of Little Horse Thief and Game Creek sold last month.
Pending sales have been averaging about 55 sales every month and that number did not change in April as we have 58 pending sales. The friendly competition between Sotheby’s International Realty and Jackson Hole Real Estate Associates is a dog fight and a tie in the number of transactions pending.
Active Market – there are 412 active listings. 119 residential units priced under $1 million, 54 properties priced between $1 and $2 million, 50 properties between $2 and $4 million and 22 properties priced over $ million. There are 70 vacant lots priced under $1 million.

For additional statistics or to discuss the current Real Estate Market in Jackson Hole please contact the Jackson Hole Experts – Christy and Garth Gillespie at 307-413-5243 or email us at

Jackson Hole Real Estate Market Update – 1st Quarter 2014

1st Quarter 2014 Real Estate Market Report

Overall Market: The first quarter of 2014 made a strong bid to keep pace with the overwhelming improvement of the real estate market seen in the first quarter of 2013. The 1st quarter ended with the number of transactions down by about 3% when compared to the first quarter of 2013, a negligible decrease in the larger picture. The primary factor which contributed to this decrease in transactions is the decline in inventory available to buyers, down nearly 25% compared to the first quarter of 2013. This has been a continuous trend in 2014, and it’s been slowing some of the ready, willing and able buyers from purchasing because of this slight inventory. The total dollar volume of sales also experienced a drop, decreasing about 14% over last year’s first quarter. Nonetheless, the median sales price actually increased about 6%, from $675,000 to $716,000. This can be attributed to the dominance of the $500,000 to $1 million dollar sales which accounted for about 35% of the total sales, more than any other single price segment. With inventory levels at historic lows, you can expect 2014 to bring a unique challenge to both buyers and sellers. Buyers will struggle to find quality properties at supportable prices. At the same time, sellers will struggle with the decision of whether or not to sell in 2014 or choose to wait. Many sellers sense the market is improving, and prices will likely rise as the law of supply and demand holds true, as it has demonstrated in many segments of the market.

Q1 2014 Graph 2
Single Family Segment: The statistical information for the first quarter of 2014’s single family segment displays some interesting facts about the Jackson Hole real estate market and implores further explanation. The number of transactions decreased approximately 30% when compared to the same time period last year. However, the average sales price remained roughly the same, and the median sales price actually increased about 20%, to $980,000. The vast majority (44%) of the single family home sales occurred in the $500,000 to $1 million price range. Most captivating about this segment of the market is what the future holds. At the time of this report, there were 28 homes for sale in the $500,000 to $1 million price range. Those 28 homes only represent 22% of the available inventory. This means nearly half of all potential single family home buyers must compete for a very small piece of the pie. This supply and demand equation has already showed signs of appreciation, and it should continue as long as this shortage of inventory exists. A precise rate of appreciation varies depending on price range and area of the valley. There were only 3 sales under $500,000 this first quarter, and only 1 single family home is currently for sale under $500,000. While the future is bright for sellers with homes valued under $1 million, the market for homes over $1 million is much more competitive, especially in the over $5 million price range. This price range accounted for only 2 sales this first quarter of 2014, while there are 23 homes over $5 million currently for sale.

Condo & Townhome Segment: The condo and townhome segment of the market had an incredible year in 2013, and the first quarter of 2014 was no different. The number of transactions increased about 26% as well as an impressive 35% increase in total dollar volume. The condo and townhome segment of the market has experienced the most appreciation of any segment. Both average and median sale prices increased, nearly 4% and 16% respectively. The most astonishing statistic is the quarter to quarter comparison of the average sale price in the Town of Jackson where the majority of the condo and townhome sales occur. This segment had an over 30% increase in average sale price. About 50% of the condos and townhomes sold in the first quarter of 2013, sold for less than $500,000. In comparison, about 40% of the sales in the first quarter of 2014 were sold for less than $500,000. Active inventory in the condo and townhome segment is also in short supply, down nearly 20% from the first quarter of last year. With only 82 condos and townhomes currently for sale, there is less than a 6 month supply of inventory.

Q1 2014 Graph 1

Vacant Land Segment: In 2013, the vacant land segment of the market showed steady improvement as more and more buyers were unable to find homes to suit their needs in the limited single family home inventory pool, and speculative builders began to purchase land for new projects. The first quarter of 2014 continued this trend of steady growth with a modest increase in the number of transactions, up nearly 5% when compared to the first quarter of 2013. Based on the information available, it is estimated that the total dollar volume decreased slightly, however, due to the large number of sales with undisclosed sales prices, an exact total dollar volume figure is difficult to determine with certainty. Lack of inventory is not yet an issue in the vacant land segment of the market, yet the supply is decreasing, down over 20% compared to the first quarter of 2013. The price range with the least amount of supply is the under $500,000 price range. This lower price range represents just over 15% of the available inventory, yet it contributed to nearly 45% of this first quarter’s sales. All indications point to the vacant land segment continuing on a path of steady improvement.

In Summary: Following a record ski-season and #1 rating for the Jackson Hole Mountain Resort by Ski Magazine and Forbes Magazine, Jackson is experiencing more demand from people from all over the world who are coming to enjoy not only the Jackson lifestyle with countless world-class outdoor and cultural opportunities, but also Wyoming’s tax friendly status. With over 97% of our county protected in national parks, national forests, wildlife refuges and conservation easements, the remaining less than 3% of developable property is highly desirable for residents and second home buyers. With continued constraints on inventory and high levels of demand from buyers, we anticipate continued strong performance in the Jackson real estate market. Considering that Jackson’s lifestyle benefits are matched only by the financial benefits of Wyoming residency and the unparalleled flight access into Jackson Hole, with 12 direct flights, we believe that Jackson offers a “perfect storm” of real estate opportunity, security and access that will continue to appeal to the most discerning buyers.

Christy and Garth Gillespie – The Jackson Hole Real Estate Experts:  We can be reached at 307-413-5243 or by email at  The first quarter of 2014 has started off great for us.  We recently move brokerages from Sotheby’s International Realty Jackson Hole to Jackson Hole Real Estate Associates – Christie’s International Real Estate and we could be be happier.  We have been involved 11 transactions so far in 2014.  Call us today to find out why we are successful in this complex market we are seeing in 2014.

Jackson Hole Real Estate Associates exclusively owns and maintains the valley’s oldest and most comprehensive market database. Our report is derived from our proprietary data base (not just mls data) as well as decades of history and success in the region. No other real estate company or agent can offer this depth of expertise or insight regarding current or previous market conditions. The local knowledge of Jackson Hole Real Estate Associates, the largest and most dynamic real estate company in the Teton region, combined with the largest luxury real estate affiliation, Christie’s International Real Estate, offers the ideal balance of local expertise and global reach. The Christie’s International Real Estate network exceeds $100 billion in annual volume, nearly three times greater than our nearest competitor.


* The statistics used in this report are from the Teton Multiple Listing Service (MLS) and JHREA’s internal database.
* This report does not go into detail on every segment of the market, but is intended to offer an overview of general market conditions.
*All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
*Average sale price is the total combined dollar volume divided by the number of sales.
*The term “Market Value” means; the value of a property in terms of what it can be sold for on the open market; current value.

© Copyright 2014 by Jackson Hole Real Estate Associates. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without explicitly written permission from Jackson Hole Real Estate Associates.