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It’s How You Live…Spring Hollow Ranch

 

Today I am going to update everyone on a wonderful development in Teton Valley Idaho — Spring Hollow Ranch.  I work with the developers (a great group/family) that have developed an incredible parcel of land into what I believe is the finest development in the Teton Valley.  There are no golf courses, ski runs, spas, monstrous "spec" homes just beautiful landscape and a sense of privacy rarely seen.  The property itself is one of the most stunning properties I have had the chance to visit, let alone represent.  There is an emotion and a sense of belonging that Spring Hollow Ranch offers that is almost impossible to explain with out actually experiencing and "touching" the property.  Below I do my best but if you have any additional questions please do not hesitate to call or email me.  For more information on Spring Hollow Ranch click the link.

 

I. Teton Views and Room to Roam 

Mountain views and wide-open spaces: It’s what western living is all about, and you can find both in Spring Hollow Ranch. Once a barley farm, Spring Hollow Ranch features rolling hills, superb views of the Teton Range and one of the more unique wetland areas in the valley – Spring Hollow Pond. The development consists of 50 residential vacant lots varying in size but averaging 15 acres with a grand total of 880 acres. Protected, recreational space equals 119 acres which allows for residents to enjoy the entire property. Hiking trails interconnect throughout the property and the Spring Hollow Pond has been dedicated for the recreational use of all the homeowners.

 
II. A Well Planned, Quality Development
 

Spring Hollow Ranch is a well planned, high quality development that features paved roads, buried utilities, landscaped entries, beautiful water features, an interconnecting trail system and incredible open spaces. Unlike a lot of developments that dedicate open space but then do not provide access to it, Spring Hollow Ranch has created a wonderful trail system that allows homeowners to hike, bike, horseback ride, cross country ski and walk through the development. From all the available lots, owners can have access to the trail system and have miles of recreational choices to choose from. Spring Hollow Ranch also provides access to the “Rails to Trails” which is in the development stage but eventually will provide for miles of snowmobile and bike trails.

 
III. Location
 

Spring Hollow Ranch is located in Tetonia, Idaho which is in the northern tier of the Teton Valley. The property it self is located on a grouping of large hills that provide most of the home sites commanding views of not just the Teton Range but of the Big Hole Range, Yellowstone and the Sun Valley Mountain Range. Spring Hollow is just 10 minutes from Driggs and 30 minutes from the Grand Targhee Mountain Resort. Jackson Hole is about 1 hour from the development so a day in town is just a quick trip over Teton Pass.   If fishing is high on your list, Spring Hollow is centrally located to take advantage of some of the finest fly fishing in the west. The “canyon” of the Teton River is just a 10 minute drive, the South Fork of the Snake, Henry’s Fork are within an hours drive. Restaurants are opening their doors almost monthly in the Teton Valley providing residents numerous, quality choices. Hiking in the National Forest is within a 5 minute drive. Golf – multiple choices in the Teton Valley. 

IV.  Availability

Currently there are lots available in both Phase 1 and Phase 2.  To date there have been 7 sales.  There are some incredible values in all price ranges.  There are lots available for as low as $295,000 and as high as $470,000.  Acreages vary as explained above but most lots are in the 8 acres to 20 acres size.  Homeowners have the ability to create their own legacy property.  The building restrictions are very flexible with endless possibilities.  For actively listed properties visit www.TetonValleyExperts.com and for information on the Jackson Hole Market please visit www.JacksonHoleExperts.com.

The Teton Valley of Idaho – Market Update

Market Report
February 9, 2008
Teton Valley, Idaho

Including the communities of Driggs, Victor and Tetonia and the resort communities of Teton Springs, Grand Targhee, River Rim, The Ponds, Trail Creek Springs, Spring Hollow Ranch, Huntsman Springs, and many others.

Looking over at the Teton Valley of Idaho, I really had to search to find out where the sales have been coming from and what had sold in 2008.  The news over the past summer was that inventory had been growing and activity had dropped considerably. 

I agree that inventory had exploded and activity had slowed but I disagreed with many who were and are predicting a major collapse of the market.  Jackson Hole is not getting bigger but the desire to live there and the need for workers is going to help support the Teton Valley.  I also believe that there are communities being created right in front of our own eyes and with that a sense of community is being born. 

Last week, Grand Targhee Resort, won approval for a major expansion (see previous post) which is major news concerning the valley.  From an economic perspective it should be welcoming news yet for some, many in Alta, are upset with the changes that will be coming.  From my perspective, the Gillette family has been enhancing the Teton Valley ever since their ownership began and I hope and trust they will develop Targhee in a responsible way.

As for the year to date statistics through January 31, 2008

There have been 24 sales to date with a volume of $8,184,100.
Of the 24 sales 8 are lots, 2 are town homes, 5 are homes and 9 are condos.
7 of the transactions took place at Teton Springs.
5 of the transactions took place in Driggs, 2 in Tetonia and 17 in Victor.
There are currently 69 pending transactions.

Now the scary part – Looking back at 2007 Statistics for the same time period Jan. 1 through Jan. 31, 2007.  Last year to date there were already 113 transactions!  What has changed?  Last year of the 113 transactions a whooping 40 came from Mountain Meadows in Teton Springs.  There will be a future blog dedicated to Teton Springs but the statistics show that there were a lot of speculative buyers out there only 1 year ago.  Including Teton Springs of the 113 transactions last year 95 of the transactions were vacant land.  These are staggering numbers!  18 of the transactions were either single family homes, condos or townhomes.  Today’s (2008) residential numbers are just one shy of last year.

I will continue to watch over the Teton Valley of Idaho and if you would like more information or would like discussing investing in the valley please do not hesitate to email or call me toll free at 877-739-8056.