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.