The Jackson Hole Real Estate Market Report for 2016 Mid-Year

July 14, 2016/in Uncategorized

We are pleased to announce the all-new Jackson Hole Real Estate Market Report for the first half of 2016. In this detailed report, you will find information on the market segments making up the Jackson Hole area. This newly redesigned market report is a more dynamic report that sheds fresh light on the insights and trends that are shaping our real estate market.

The overall market in the first half of 2016 experienced a decrease in the number of transactions, down about 14% compared to the first half of 2015. While the number of transactions fell, the average and median sale prices were still higher in the first half of 2016 than in the first half of 2015. The average sale price increased by about 9% and the median sale price increased about 10%. The average and median sale prices were higher than in 2015, but lower than in the first quarter of 2016. The difference may be attributed to the shift in the distribution of sales in the $500,000-$1 million price ranch, 39% of total sales. There were 78 transactions under $1 million. Properties also sold more quickly than in the first half of 2015. The average number of days on market decreased by 12%, and by over 18% in the single family and vacant land segments.

The inventory shortage throughout 2015 did not change much in the first half of 2016, with the number of active listings up only 1%. Without a large increase in inventory, low supply will likely continue to be a contributing factor in the balance of 2016. Click to view the full report.

Jackson Hole Real Estate Associates Winter Catalog of Fine Properties

December 14, 2015/in Jackson Hole Real Estate Associates, Luxury Real Estate, New Listing in Jackson Hole, Uncategorized

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 >

3 Reasons to Think About Buying Real Estate Right Now

November 17, 2014/in Christy and Garth Gillespie Info, First-time Homebuyer, General Real Estate Information, Uncategorized

Right now is an excellent time to be looking into financing a home purchase. As we can see from the charts above – it is easier to qualify and is cheaper than ever. This should be the encouragement you have been looking for if you have not already made the purchase you have been dreaming about. Christy and Garth Gillespie are experts in the real estate field and have the knowledge to assist you in looking for the perfect opportunity. Inventory is low but there are still some excellent deals in certain segments of the Jackson Hole Real Estate market.

For more information please contact Christy and Garth Gillespie, the Jackson Hole Real Estate Experts, at 307-413-5243 or email us at garth@jhexperts.com.

New Listings at Cottonwood Flats – Jackson, Wyoming

September 29, 2014/in Uncategorized

New Real Estate Inventory in the Town of Jackson. Extremely rare offering – Don’t miss the opportunity!

Christy and Garth Gillespie, Jackson Hole Real Estate Associates, are excited to announce the release of 2 (2) bedroom townhomes in the Town of Jackson. Brand new and never have been lived in these 1,100 square foot townhomes have Teton views, a 1 car garage, new appliances and the fresh “never been lived in” smell. For more information on this exclusive listing please contact us at 307-413-5243 or email us at gillespieteam@jhrea.com.

Prices for these new townhomes start at $457,500.

Best Teton Views In the Town of Jackson

September 29, 2014/in General Real Estate Information, Homes, New Listing in Jackson Hole, Uncategorized

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

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 gillespieteam@jhrea.com.

Jackson Hole mountain cottage for sale

May 23, 2014/in New Listing in Jackson Hole, New Listings, Uncategorized

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

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.

Vote for Best of JH – and Best Real Estate Agent

February 6, 2014/in Uncategorized

The time has come again to vote for the Planet JH’s Best of Jackson Hole.

Why vote for Christy and Garth as the best real estate agents in Jackson Hole?

– In 2013, our average sales price to list price was 97.9%. The market average was 91.3%.

– Our listings sold 3 months faster than the market average.

– We sold a property every 9 days in 2013.

2013 Year End Market Report

January 30, 2014/in Christie's International Real Estate, Christy and Garth Gillespie Info, Condos, General Real Estate Information, Jackson Hole Economy, Jackson Hole Real Estate Associates, Real Estate Values, Uncategorized

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.

Wyoming Taxes – Great Facts About Wyomings Wonderful Tax Climate

October 15, 2013/in General Jackson Hole Information, Real Estate Taxes, Tax, Uncategorized, Wyoming Taxes

Last week Christy and I were treated to an excellent discussion at our Jackson Hole Sotheby’s International Realty morning meeting about Wyoming Taxes. Every Wednesday the agents and staff at Sotheby’s get together to discuss new listings, recent sales activity, office policies and important educational seminars. This past week we had the pleasure of having Jim Gersack, VP of Wealth Management at First Interstate Back in Jackson Hole (who can be reached at 307-732-7852 or by email at james.gersack@fib.com) give us an interesting presentation of the current momentum Wyoming is receiving from individuals looking to relocate their residency to Wyoming. You see, Wyoming is simply one of the top states in the country to live in if you are looking to preserve wealth and to avoid major taxes that many state impose on individuals and businesses.

So why is Wyoming so special?:

In March, 2013 Wyoming was rated as the top tax-friendly state by Barrons Penta (Barron’s Penta offers advice for families with assets of $5M or more). Residents of Wyoming reap significant tax benefits due to its tax certainty, asset and creditor protection and state budget surplus of $1 billion.

• According to a study by 24/7 Wall Street, Wyoming is the 2^nd best run state with regards to account debt per capita, budget deficits, unemployment, and median household income

• Wyoming has very progressive estate and tax planning legislation with more to come

• Wyoming has $6.1 billion in their Mineral Trust Fund and nearly $1.3 billion in cash in their Legislative Stabilization Reserve Account

• Wyoming has a AAA credit rating, the highest possible (and better than the Federal Government)

• All Wyoming high school graduates have access to the Hathaway Scholarship, a state program that provides free college tuition who qualify with both merit- and needs

• And if you need more convincing, Wyoming has the lowest beer tax at just 2 cents per gallon.

When compared to higher tax states such as California, New York, Illinois or Maryland (which recently instituted a “rain tax” estimated to cost Marylanders $300 million annually) it becomes clear why Jackson Hole, Wy is experiencing a surge of tax-motivated buyers.

To learn more about Jackson Hole and some of its advantages please feel free to contact us – the Jackson Hole Real Estate Experts – at 307-413-5243 or by email at Garth.gillespie@jhsir.com

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

October 11, 2013/in Christy and Garth Gillespie Info, General Jackson Hole Information, General Real Estate Information, Real Estate Values, Uncategorized

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 garth.gillespie@jhsir.com for a Free Market Update!