Summer 2018 Catalog of Fine Properties

The Gillespie Real Estate Team is proud to present our current collection of extraordinary real estate. We’ve also highlighted some of our favorite local assets. Around here, limits are imaginary. The only ceilings are the ones we put over our heads. Jackson Hole Real Estate Associates’ team of dedicated professionals is here to help you get acquainted with our incredible destinations. Please do not hesitate to call on any of our real estate professionals as you experience the Teton lifestyle.

Winter Catalog of Fine Properties

Our Winter Catalog of Fine Properties has arrived!
We are pleased to present this current selection of exceptional real estate as well as information pertaining to some of the wonderful resources and organizations available to our visitors and residents. Please stop by one of our locations to pick up a copy or follow the link to view the digital version.
View Catalog of Fine Properties

Jackson Hole mountain cottage for sale

Excellent opportunity to own in the Aspen's.  Just 5 minutes from Jackson Hole Mountain Resort

Excellent opportunity to own in the Aspen’s. Just 5 minutes from Jackson Hole Mountain Resort

Great living area with wood stove

Goldilocks never had it this good –

An absolutely charming cottage in the woods located on a half- acre in a quiet part of the Aspen’s neighborhood. Vaulted ceilings, quaint remodeled kitchen, a cozy loft library and plenty of skylights make you embrace this home. This 3 bedroom home is comprised of 1,554 livable square feet and a 2 car detached garage.

Christy and I are excited to announce our new listing in the Aspens/Racquet Club area.  Located just minutes from the Jackson Hole ski area the home offers a perfect retreat for under $1 million.  The Aspen’s is a nice quiet neighborhood with a true alpine feeling.  Services in the area include a grocery store, bus service, a couple of restaurants, a workout facility and a golf course at the Teton Pines.

The Price is $885,000.

To get additional information on this property please call us at 307-413-5243.

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!

Melody Ranch Jackson Hole – New Listing – 1261 Melody Creek Lane

Stunning new listing in Melody Ranch — Jackson Hole, Wyoming.  This fabulous home is located at 1261 Melody Creek Lane, a highly desired subdivision just a few miles south of the Town of Jackson. 

Melody Ranch, just 4 miles south of the Town of Jackson, is a place of wide-open spaces, remarkable views and a strong sense of community.  While residents appreciate the development for its close proximity to town and its natural beauty, they also love the fact that it feels like a true neighborhood, a place where people have chosen to make as their year-round home in Jackson Hole.

1261 Melody Creek Lane is a wonderful, newer (2009) custom built home.  Every detail of this home was done with quality in mind.  Very few homes have been built to the standards that this home has in the neighborhood.  Highlights include full hydronic in-floor heating throughout the entire home fueled by natural gas.  5 bedrooms – 4 of which are suites which include full bathrooms.  One of which is a substantial master bedroom with views to the south, vaulted ceilings, access to a back deck, spacious master closet and an elegant master bathroom.  The entire first floor has beautiful skip sawn hickory flooring and the entire home is equipped with solid Alder doors and trim work.

This is a home that must be seen to be appreciated so call Christy and Garth Gillespie at Jackson Hole Sotheby’s to set up a showing.  We can be reached at 307-413-5243 or send us an email at

Jackson Hole Real Estate Improving In 2010…

Jackson Hole Q1 Real Estate Results

Today at Sotheby’s International Realty – Jackson Hole Real Estate Brokerage we sent out this informative newletter to out client base.  It is a very good article about recent active in the Jackson Hole housing market.  I think you will find it very helpful in understanding what is currently happening….

With things a bit quieter here now that Jackson Hole Mountain Resort has successfully closed out the ski season, Sotheby’s International Realty is studying recent real estate activity and preparing for what by recent indications could be a hot summer selling season. Click for more

So far this year data from the Teton County Multiple List Service reports an upward trend in real estate sales in Jackson Hole. In March, for example, unit volume was up 170 percent suggesting increased buyer demand.

Looking at entire first quarter of 2010, dollar sales volume rose 88% percent over the same period in 2009 according to our analysis of the market and MLS data. Interestingly, twenty-five sales were for properties of more than $1 million, versus only 11 in the first quarter of last year. This could be read as a sign that though there are still excellent values to be found, some buyers see current prices as true bargains and are taking action and the lower end of the market is beginning to stabilize.

Certainly proper pricing has played a key role in getting the market back on track. Our market-watch committee meets each week to review pricing of the latest pending sales, closed sales, current inventory and new listings. The committee reports its findings at our weekly sales meetings.

While the lines on the graph are heading in the right direction, we continue to increase our sales and marketing efforts keeping us on top of the latest trends with increased e-marketing as well as creative print advertising.

Our overall expertise as well as in specific market areas around the valley such as the Town of Jackson, Shooting Star, Teton Pines, Jackson Hole Mountain Resort, Hotel Terra, north of town, in eastern Idaho, etc. – allows us to closely monitor the pulse of the daily market activity and helps us deliver exceptional service to our clients.

Initiatives like this appear to be working for Sotheby’s and its clients. In Q1 of 2010, Sotheby’s Jackson Hole Brokerage accounted for more than 70 percent of the total dollar volume in the Teton County.

Although the foregoing data has been compiled from sources deemed to be reliable, SIR does not guarantee its authenticity. It is intended for informational purposes only, is subject to prior sale, omission, error, revision and cancellation without notice, and should be independently verified with the source of such information.
Thanks for reading the Jackson Hole Experts Real Estate Blog — Please contact us at 307-739-8056 or visit us at

Gillespie Real Estate Team’s Top Values in Jackson Hole Real Estate

The Gillespie Real Estate Team at Sotheby’s International Realty in Jackson Hole Wyoming has just updated the “Top Picks of the Week”. Please follow this link: Top Jackson Hole Real Estate Values to see the top values in the Jackson Hole real estate market. Every week or so the Gillespie Real Estate Team will update the Top Picks to showcase great deals in Jackson Hole including townhomes, condos, houses, golf course property, ranch land, ski-in ski-out properties and other great values we see in our real estate market. We also showcase a Listing of the Week, a Sold Property of the Week and a Price Reduction of the Week.

Don’t miss out on learning about the great values in the Jackson Hole Real Estate Market brought to you by The Gillespie Real Estate Team of Garth & Christy Gillespie, Katie Colbert and Don Alsted.

Brand New Townhomes for Sale in Jackson Hole, WY

Cottonwood Flats are Jackson Hole’s brand new 2 and 3 bedroom townhomes. Offered by The Gillespie Real Estate Team, all townhomes include…

  • covered front porch
  • attached garage
  • backyard
  • hardwood floors
  • large windows
  • brand new appliances
  • pet friendly
  • limited common walls with other townhomes

 Cottonwood Flats are located in a great part of the town of the Jackson near the Middle School, next to the bus stop, and surrounded by the town bicycle and pathways.

The 2 bedroom townhomes are 1,068 square feet with 2 baths and a 1-car attached garage. The 3 bedroom townhomes are 1.600 square feet with 3 baths and a 2-car attached garage.

We host an open house every Sunday from 3:00 -5:00 pm or give us a call for a showing.

 Find pictures and more information @


Construction Update:

Block I of Cottonwood Flats Townhomes is complete and includes eight 2-story townhomes. All units have been issued their Certificates of Occupancy and are ready for move-in.  Of the eight units, two of the townhomes (a 3 bedroom and a 2 bedroom) have been sold to the Housing Authority as Affordable Units**. Unit 2, a market rate unit with 2 bedrooms is now under contract. There are 4 two-bedroom units and 1 three-bedroom unit still available for purchase in Block I. Landscaping of Block I will be completed in early spring.

Construction continues on Block II of Cottonwood Flats Townhomes. Fifteen additional units (a mix of 2 and 3 bedroom units) will be completed this summer.  Many of these homes have direct views of the Grand Teton and views of the Jackson Hole Mountain Ski Resort. Homes are stick built off site by Stratford Homes in Idaho and then brought to the site and connected to the foundations and utilities.

 ** The town of Jackson requires 15% of every new development to be deed restricted affordable, which means they have limits on appreciation (usually tied to Denver CPI) as well as limits on the income of the families that purchase the units.

Cheapest Real Estate Property in Jackson Hole — It’s Quite Nice!

Convenient Living in the Heart of Jackson Hole

Convenient Living in the Heart of Jackson Hole

The Jackson Hole Experts just listed a completely remodeled 1 bedroom / 1 bathroom condo in the heart of Jackson Hole. We are talking 5 minutes walk from the town square, 5 minutes (in ski boots) from the base of Snow King Resort, 1 minute from the local bus stop and within walking distance from all the local taverns.

We are very excited about the opportunity to represent all segments of the real estate market in Jackson Hole. It is of course an honor to work with sellers of multi-million dollar listings and we work extremely hard to represent these properties but it is just as much of an honor to assist first time home buyers and entry level sellers in helping them take another step up in the market.

This particular property is located at 140 East Kelly, Jackson, Wyoming. It is about 500 square feet with a full kitchen and bathroom. There are laundry facitlities on the premises. New windows and doors, newer roof on the complex, updated appliances — it’s all here. Homeowner fees are very reasonable at $1560 and taxes were just above $1,000 in 2008. This building and price range qualify for the government stimulus credit of $8,000 (see previous posts for details) and also FHA loans (3-10% down).

Call us for details and and to learn more about the Jackson Hole real estate market – 877-739-8056.

Melody Ranch — Great New Listing – Value Priced

Large 4 Bedroom Home in Melody Ranch

Large 4 Bedroom Home in Melody Ranch

Christy and Garth Gillespie are pleased to have been selected to market a new listing in Melody Ranch. 4215 Balsam Lane is a wonderful family home located on open space and is 4 bedrooms, 2.5 bathrooms and is 2,600 square feet. The price reflects an excellent value at today’s market. Additional information can be found at the following link – 4210 Balsam Lane

Below is some interesting information about this wonderful community.

Melody Ranch, just four miles south of the Town of Jackson, is a place of wide-open spaces, remarkable views and a strong sense of community. While residents appreciate the development for its close proximity to town and its natural beauty, they also love the fact that it feels like a true neighborhood, a place where people have chosen tomake as their year-round home in Jackson Hole.

Melody Ranch has deep roots in Jackson Hole history. In 1888, the area was settled as Cheney, one of the first townships in the valley. In the 20th century, an out-of-towner named Paul von Gontard visited the area as a boy and was so bowled over by the soaring mountains and grassy meadows that he later returned to establish a cattle ranch on the land. The main lodge and outbuildings from those days still stand, and their historic character is complemented by the design of today’s Melody Ranch homes, which are in the Western mountain and ranch styles, in natural earth tones.

As a planned residential community, Melody Ranch retains all the openness and close-to-nature attributes of its ranching heritage. Development started in 1995 in accordance with amaster plan that emphasizes preserving open spaces. Today, in fact, open spacesmake up 70 percent of the community.As Melody Ranch Development states, “Our philosophical approach is thatmaintaining these views and landscapes will enhance and protect what we value so highly – the freedom to live in, and appreciate, the wide open spaces of the hard-won West.”

Flat Creek, the water source for the haymeadows of Melody Ranch, still meanders through the development, and thanks to careful planning, the Teton and Snake River mountain views that made such an impression on young von Gontard more than 50 years ago can still be enjoyed in full. Cottonwoods, spruce and aspen dot the landscape and add a sense of privacy. Melody Ranch “has incorporated time-honored concepts of historic ranch development into its master plan, to preserve the open character of horse and cattle pastures and haymeadows while allowing native and natural vegetation to protect and shade its buildings,” the developer says. The development features manmade improvements that give residents a backyard playground. There are bike trails, trout fishing ponds, playgrounds and playing fields that make the development ideal for families with children. Schools, grocery stores, shops, restaurants and all the other amenities of town are within easy reach, as are Grand Teton National Park and Jackson Hole Mountain Resort. But at Melody Ranch, staying home is just as an attractive option as getting out to other parts of the valley. Great views are just the beginning.

For additional information or to set up a showing call Garth and Christy Gillespie – the Jackson Hole Experts at 877-739-8056.