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Frontier Airlines Flying to Jackson Hole

Frontier Airlines announced last week (Feb. 14th) that it would begin flying three planes a day into Jackson Hole starting in mid-May.  The airline is planning  on using a 70 seat Q-400 turboprop with flights to Denver.  This is great news as it should increase competition with United and will lower prices on flights to many destinations. 

As posted in the Jackson Hole News and Guide on Wednesday Feb. 20 – Here are some sample prices:

Destination Price
   
Denver $178
Aspen $238
New York $298
Houston $278
Salt Lake City $238
San Francisco $278
Chicago $278

This will no doubt help increase visitors to the valley but on a more important level really help the locals find cheaper flights to other areas in the country.  After or during 6 months of winter many of us are looking for sun shine or the city life.  Great move by the Jackson Hole Airport to secure the deal.

Rocky Mountain Resort Alliance 2007 Report

Christy and I received a very interesting report from the Rocky Mountain Resort Alliance the other day and we felt like the information would be helpful to many of you.

First off…What is the Rocky Mountain Resort Alliance (RMRA)?  The Rocky Mountain Resort Alliance is composed of boards of REALTORS of destination ski resorts in the Rocky Mountain West. The alliance was formed in January of 1996 at a meeting in Vail, CO with the presidents of the various boards or REALTORS attending. At this meeting, the various presidents discussed and came to the realization that geographic boundaries were no longer as important as the common bond that we share as resort REALTORS. We understood that the marketing and selling of resort real estate is very different from the traditional models of residential real estate sales. Our buyers and sellers have different expectations and goals and are looking for a REALTOR with knowledge of the resort markets. Frequently, buyers for a vacation home in one resort are comparing similar properties in neighboring resorts. From this realization came the idea of sharing sales information from the various resorts as well as pressing issues the resorts are facing. We know that because of the mountains, we have very limited space for development and housing the work force are issues facing each resort. As the demand for resort real estate grows, and prices increase, there is more pressure on finding suitable housing for the very important work force.

RMRA End of Year 2007

 

Whistler

Park City

Steamboat

Summit County

Sun Valley

# of Active Listings

599

2902

1244

3240

1611

# of Units Sold

846

2306

1725

2463

653

Total Volume Sold

$768,745,877

$1,945,092,339

$1,002,483,388

$1,306,053,245

$558,758,059

Average Sales Price

$908,683

$843,492

$581,150

$530,269

$855,678

# of Agents

125

1184

425

820

410

            

Aspen

Telluride

Jackson Hole

Vail

Winter Park

# of Active Listings

1041

629

409

1782

4176

# of Units Sold

851

355

599

2258

1051

Total Volume Sold

$1,820,970,617

$518,327,166

$844,374,258

$2,641,306,700

$387,022,178   

Average Sales Price

$2,139,801

$1,460,077

$1,409,640

$1,169,755

$368,242

# of Agents

711

248

752

810

206

Those are some outstanding statistics.  When we look deeper into the numbers a few statistics catch our eye.

  • Teton County, Wyoming average sales price is the second highest behind Aspen. 
  • Teton County, Wyoming has the least amount of inventory available and has all the other communities beat by 200 units.

Christy and I have all the statistics broken down into types of sales so if you would like to learn more please email us at garth.gillespie@sothebysrealty.com or visit us at www.jacksonholeexperts.com.