Jackson Hole Real Estate Blog

After all the snow fell last week, I took these photo’s on successive nights once the sky cleared. The full moon can be seen rising as the sun sets on the Sleeping Indian.
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I saw this picture of Big Wally posted to the roof boards of the snow cave on top of Mt. Glory yesterday. I have no idea who pinned it up there, but it struck me as an extremely appropriate homage to my old friend. It’s also an all too real reminder of the dangers we all face when heading out into the backcountry for some skiing.
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Speaking of the snowpack, this summary from the Bridger Teton Nation Forest, gives a pretty good idea of the dangers we're facing now, not to mention some incredible pictures.

I've downloaded this App and used it this winter, I give it about a C+ . It doesn't always seem to log the runs you've taken very accurately.

Apparently the owners of the old KOA Campground on the Village Rd. are moving ahead with their plan to build 80 or so units that will be both sold as both fractional ownership and as single family homes. They will all technically be trailers, but as I've said before, you can design them in such a way that you never know they're on wheels and are very, very nice. The plan is to also have a large lodge or clubhouse type building with a restaurant, spa and pool.

Real Estate:

The RE market is by no means on fire, but we are seeing signs of life. There are Buyers in water but by and large its the Sellers who are willing to come off their price some, that are selling their properties. I think we are going to see a continues rise in the number of sales but due to the large inventory, I don't sale prices rising until we get more of the product of the shelves.

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From 12/1/2008 - 2/1/2009 there were 17 closings according to the Teton County Board of Realtors MLS

From 12/1/2009 - 2/1/2010 there were 42 Closings, according to the Teton County Board of Realtors MLS . Granted the Winter of 2008-2009 was hopefully the worst I'll ever see, but its noteworthy to see this kind of improvement.

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A very interesting closing appeared in the MLS two days ago. It was the sale of a 2br/3ba 1720 sq.ft. Four Seasons Condominium. This unit was originally listed for $2,050,000 in May 2009. It was reduced to $1,550,000 and finally sold for $1,250,000 (price was agreed upon over the New Years holiday). A sale price of $1,250,000 puts the price per square foot at about $727. Understand that this unit was not the best locatiom within the Four Seasons building, but it is a slope-side ski in ski out property attached to one of the premier brand names in the country, if not world.

Does this mean that all the condo’s at the Four Seasons, Hotel Terra, Teton Mountain Lodge and Chrystal Springs have to reset their prices to reflect this sale? Absolutely not, and we don't know the exact circumstances surrounding the sale of that particular Four Seasons condominium. However, if you're a Seller of one of these places, you need to know that any buyer these days is going to be aware of this sale.

Other notable sales:

3br/2ba condo in the Town of Jackson on East Pearl, 1633 sq. ft., 1 car attached garage, originally listed for $725,000 in November 2008, reduced to $550,000, CLOSED for $500,000

3br/2ba Cabin at Jackson Hole Golf and Tennis, 2024 sq.ft., built in 2005, right on the golf course with big Teton views, Listed for $1,495,000 CLOSED for $1,250,000

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6BR/7BA, 7658 sq.ft. house in Indian Springs, 5.5 acres, built in 2009, top of the line, great views, Bordering 80 acres of open space, Listed for $9,900,000 CLOSED for $8,200,000

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2br/2ba 1090 sq. ft Nez Perce condo in Teton Village, top floor, close to the Moose Creek lift, decent shape but very nice views, built in 1980, no garage, listed for $589,000, CLOSED for $425,000

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Studio condo in the Sleeping Indian building in Teton Village, 464 sq. ft., Bank owned, listed for $211,150, CLOSED for $211,150

3br/3ba 2240 sq. ft. condominium at the Four Seasons Hotel, great Valley views, all hotel amenities included ($35,000 annual HOA), originally listed for $3,400,000 in December 2008, reduced to $2,500,000, CLOSED for $2,300,000- or $1,026 per foot. Not quite the same price as the one mentioned above.
There are 24 properties in the town of Jackson listed for under $400,000. The least expensive is a 1br/1ba condo on Kelly St., 463 sq.ft., no garage listed for $242,000

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Wednesday night, I took my smoking hot wife  to see The Blind Side, and while no one will ever confuse it with Hoosiers, it’s pretty good. The uplifting true story Michael Oher, defensive tackle for the Baltimore Ravens, is a great tale and at times the movie is extremely effective. The three themes that resonate throughout the move:

1. Compassion for everyone

2. Overcoming what seem to be insurmountable odds

3. That Sandra Bullock is, um, HOT. At age 45 she’s never looked so good. (see: Diane Lane)

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Took this on the way home from work last night. What the picture doesn't tell you is that is was about 0 degrees and I froze my fingers off

This is not so good news out of Summit County

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It was sad to see that Jed’s House of Sourdough shut it’s doors in town. (they're still at the Airport) Also, Bubba’s will be moving soon to the old Village Inn building at the bottom of Pearl St.
The word on the street is the White Buffalo Club, which recently purchased the JH Athletic Club, will be holding a live auction of it’s existing real estate inventory at a place rumored the Amangani sometime in early February

Tiger Woods….what can you say. He’s done the impossible. He’s more prolific off the course than on it. He’s going to need Mike Oher protecting his blind side. Speaking of which it’s time for Mrs. Tiger Woods to say good bye and start over. Enough is enough. And regardless of whatever BS he tells her, it will never stop. Besides, with $100,000,000 in the bank, does this look like a woman who’s going to be suffering from a lack of company???
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I'm not sure why, but this makes picture makes me laugh every time I see it.

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Notable Real Estate:
There are 4 condominiums in the Aspens listed for under $300,000

The least expensive listing in the Town of Jackson is $199,000 for a 428 sq.ft. condominium in the Webster Laplant Building, located off of Meadowlark Lane.

There are 10 properties listed for sale in Town for under $300,000 and 3 of them are 2br/1ba units.

4br/4ba 5700 sq. ft house in Teton Village, ski in /ski out (right on the Gros Ventre ski run) .68 acres, built in 1978, completely remodeled in 2006, very nice, Listed $5,350,000 UNDER CONTRACT

1br/2ba 755 sq. ft condo at the Teton Mountain Lodge, built in 2002, pretty good rental history, listed in 2008 for $925,000, reduced to $649,000 UNDER CONTRACT

3br/3ba condo on East Pearl in Jackson, 1700 sq. ft., 2 car garage, Listed for $725,000, reduced to $550,000 UNDER CONTRACT

4br/3ba in Melody Ranch, .50 acres, 2800 sq. ft , built in 2008, Listed for $1,075,000 CLOSED $870,000

3br/2ba house in Cottonwood, 1139 sq. ft., remodeled in 2004 and in very good shape, 2 car garage, Listed $525,000 CLOSED $480,000

2br/3ba Hotel Terra, 1068 sq. ft., Top floor, nice views, Listed for $1,400,000 reduced to $1,068,000 CLOSED $1,068,000

2br/2ba Sleeping Indian Condo in Teton Village, 959 sq. ft., bank owned, Listed for $375,000 CLOSED $360,000

3br/3ba Teton Pines Cluster Home, 3472 sq. ft., 2 car garage, nice views, Listed $1,795,000 CLOSED $1,600,000

5.1 Arces at Shooting Iron,( off South Park Loop Rd.) great views, seasonal water, Listed for $795,000 CLOSED $730,000

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Took this picture when I got home from work last week.

So it turns out Bernie was a little better at real estate than he was at staying out of jail.
“Just last month, Bernie’s Long Island beach “cottage” went. The four-bedroom, three-bath, 3,000-square-foot home, which Madoff bought for a mere $250,000 back in 1980, fetched $9.41 million,well above the $8.75 million asking price.

The sales of his Manhattan penthouse and Palm Beach place have not gone as well. Not only has neither been sold, the asking prices have been slashed by a cool million, to $8.9 million, for the co-op, and by more than $500,000, to $7.9 million, for the Palm Beach house.“- CNN.com
It’s rare that you get a see someones career dissolve right in front of your eyes as self proclaimed spokesperson for the womens conservative right Carrie Prejean’s did last week on Larry King. This interview, combined with her leaked sex tape and her infamous answer at the Miss USA contest should probably tell her that video may not be her best medium for advancing her career.

Speaking of people who really, really, need to just stop talking...

In honor of the legendary Doug Coombs being elected to the skiing hall of fame, David Gonzalez of the Snaz sent out this video form 2005 of Doug and a couple others skiing the Grand. It’s very good.

Real Estate:

The least expensive full ownership property listed for sale in Teton Village is a 2br/1ba 800 sq. ft. condo in the Ten Sleep building being offered at $360,000. That being said, I'm pretty sure you can find someone who would sell for less.

There are 64 properties currently listed in Teton Village for more than $1,000,000. That doesn't count many properties in the second phase of Hotel Terra which have not closed yet, but I'm certain many of those holding contracts would be happy to sell.

The first 4 Cabins at Shooting Star that were scheduled to close, did so on time. There are about 11 more to go and they're all pretty much between $4,000,000 and $5,000,000, give or take a little.

1br/1ba in the Aspens, 750 sq. ft., end unit, decent shape, Listed for $350,000 CLOSED $330,000

3br/3ba Four Seasons Condominium, full hotel amenities, 2240 sq. ft., Listed $2,875,000 CLOSED $2,625,000

4br/5ba 4925 sq. ft. Located on Bar Y, built in 1995, 4.9 acres, nice views, Listed $2,950,000 CLOSED $2,695,000

3br/2ba house on East Simpson, .17 acres, 2300 sq. ft , No garage, built in 1980, remodeled in 2008, Listed $695,000 CLOSED $605,000

2br/2ba condo in Town off of Broadway, 980 sq. ft, 1 car garage, good shape, Listed $365,000 CLOSED $359,000

4br/5ba 4150 sq. ft. house in 3 Creek, very nice, .6 acres, built in 2007, Listed for $2,999,0000, reduced to $2,400,000 UNDER CONTRACT

3br/3ba 2742 sq. ft house in Indian Trails, nice views, remodeled in 2008, Listed for $759,000 UNDER CONTRACT

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Driving home from work the other night, this entire herd of Elk ran right in front of my car. Scared the crap out of me but pretty cool nonetheless. I was so startled by the sight that it took me a while to find my camera.
I stopped by the KOA on the Village Rd the other day and saw one of the model trailers they are thinking of installing there. I've seen the concept done a couple times before, most recently at the Rustic Inn off of North Cache. I also stayed at the Calistoga Ranch once, which is in the heart of Napa Wine Country. It’s an Auberge Resort and one of the finest hotels I've ever seen. Really spectacular. And the whole thing is on wheels. Every room is a movable trailer. I'm note sure what the plan at the KOA is, but I can tell you it can be done, and done very well. Here are a couple shots of the model.
They're firing up the guns at Teton Village. Opening day is scheduled for November 28th.

Even with all the cold weather lately, there are still days when you can find good dry fly fishing on the Snake and the surrounding Rivers. This picture was taken last week and fishing was quite good. I'm heading south of Jackson tomorrow as the forecast is for temps in the low 60’s.

It’s never too early to be worried about avalanches as this group from Summit County, CO found out.

Game 6 between Yankees and Phillies is tomorrow night and it should be good. From Fisk’s series tying 13th ininng home run in ‘75, Reggie’s 3 bombs on successive pitches in ‘77, the ball rolling between Buckner’s legs in ‘86, Joe Carter’s walk off clincher in ‘93 and Josh Becket’s shout out gem as a 22 year old in 2003, Game 6 of the World Series has provided some of baseball’s greatest moments. Tune in on Wednesday, you may see something very memorable. I'll have the pumpkin lit once again.

Lastly, 85 years ago Wednesday, the first female Governor in the United States took office as Nellie Ross was sworn in as Governor of Wyoming.

Real Estate:

1br/1ba Teton Village condo, 760 sq. ft. built in 1972, fair condition, BANK OWNED, Listed for $269,280 CLOSED $269,280

2br/2ba Whiteridge condo in Teton Village, 826 sq. ft, built in 1972, very close to the ski lifts, underground parking, BANK OWNED, Listed for $374,900 CLOSED $374,9000

1br/1ba at the Aspens , 874 sq. ft, good shape, no garage, BANK OWNED Listed for $309,900 CLOSED for $280,000

4.81 acres in HHR (Wilson) greta views, some improvements to the property, end of a cul-de-sac, Listed for $1,590,000 CLOSED $1,500,000

6br/5ba in Ellen Creek (Teton Village), 7600 sq. ft, built in 1991, 2.5 acres, guest house, wine cellar, etc. Nice house. Listed for $3,750,000 CLOSED $2,950,000

4br/4ba 3700 sq. ft at Amangani, built in 2007, 1.25 acres, amazing views, full use of all Amangani amenities, Listed for $3,995,000 CLOSED $3,600,000

6br/6ba 8200 sq. ft house on Fall Creek Rd., 3 acres, built in 2007, beautifully landscaped, Listed for $4,950,000 CLOSED for $4,600,000

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Took this photo Saturday morning. Apparently there is over 3′ at Grand Targhee and more on the way!

If you haven't been watching the first round of the playoffs, you've missed some unbelievable games. The Phillies, Dodgers, Angels and Yankees all had huge comeback wins and last Tuesdays one game playoff between the Twins and Tigers you saw why, when played at the highest level, there is no game that matches baseball in terms of excitement and drama. It doesn't happen that often, but when it does, it’s the very best. Football may have more action, but it doens't have the anticipation of action, which is what makes baseball so great. It’s like what Alfred Hitchcock said about being scared “it’s not the bang that scares people, it’s the anticipation of the bang that does”

It was as as recently as the Fall 2007 that Boston ruled the sports world and all the Boston fans were walking around with a smugness that made them reviled by the rest of the sports world. (an especially me). The Red Sox had won the World Series, the Pats were on their way to an undefeated regular season, the Celtics were on their way to the World Championship and even Boston College started 7-0. Today, that Dynasty is clearly coming to an end. The Red Sox, who were swept in the first round of the playoffs, have holes so big even Rex Ryan could walk through them. Varitek is done, Victor Martinez is a great hitter but can't throw anybody out either, Ortiz is so fat he can't see his toes in the morning, they have no shortstop, and “Crazy” Jon Papplebon makes even the most die hard Sox fan nervous when he comes out of the pen. As for the Patriots, Tom Brady clearly is not the player he was before he hurt his knee, they desperately miss Richard Seymour, and the luster has come off of the Bill Belichek genius title. And the Celtics, well, I have no idea because I don't really follow pro basketball, but I do know Garnett is physically breaking down. Well, it’s over now.

This is very good. Phlat!

I saw this article the other day. Pretty cool for all of us iPhone users in Jackson or those who are coming here this Winter

This is pretty good too if you remember the 1980 Olympic Hockey team.

Here is Kurt Russell’s version as Herb Brooks in “Miracle”, which  by the way, is a great movie.

Real Estate:

The least expensive property in Town is $199,000 for a 1br/1ba, 428 sq. ft. in the Meadowbrook building.

The least expensive property in Teton Village is $211,000 for a Studio condo, 464 sq. ft., in the Sleeping Indian Building.

4br/4ba Timber Ridge condo, 2500 sq. ft., built in 1978, remodeled in 2004, close to Moose Creek lift and overlooks Shooting Star, Listed for $1,600,000 UNDER CONTRACT

4br/5ba 3371 sq. ft., North of Town, big Teton Views, built in 2006, Listed for $2,099,000 UNDER CONTRACT

3br/2ba Creekside Condo in Town, 1400 sq. ft. decent shape, Listed for $449,000 UNDER CONTRACT

2br/3ba Condo at Hotel Terra, Top Floor, great views of the Ski Area, 1068 sq. ft. Listed for $1,068,000 UNDER CONTRACT

2br/2ba Harvest Dance condo at Spring Creek Resort, amazing views, 1,232 sq. ft., good rental history, Listed for $850,000 CLOSED for $700,000

3br/4ba Four Seasons Penthouse unit, 3157 sq. ft. great views, fully furnished, full Hotel amenities, Listed $4,500,000 CLOSED $4,100,000

3br/3ba Teton Pines Lodge unit, 2300 sq. ft, good shape, garage, Listed for $1,085,000 CLOSED $1,085,000

4.3 acres in Wilson off of Wenzel Lane, great views, Listed for $1,895,000 CLOSED $1,750,000

.35 Acres in Indian Trails, Listed for $400,000 CLOSED $350,000

3br/2ba House in Teton Village on Morley Dr., built in 1975 and looks like it, 2646 sq. ft., .7 acres, Listed for $1,495,000 CLOSED $1,150,000

3br/3ba North of Town, 6200 sq. ft, 3.9 acres, built in 1998, great views, Listed for $3,645,000 CLOSED $3,150,000

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Yesterday I did what people in Jackson have to do if they want to see big name bands and I drove down to Salt Lake City to see Pearl Jam. A great show. However I didn't expect it to be engagement party.Here’s a quick video from the 5th row.
Looks like our run of unbelievable weather came to an abrupt halt today. Rain and 43 degrees in the Valley, 3-7″ of snow expected mountains.

This will teach you to never play with guns

And from the home office in Wackjob Texas comes this little gem.

Having had the good fortune of being able to ski (read: tag along) a few times with Jimmy Zell back in early ’90’s, I can tell you, with some certainty, that he was one of the very best. As smooth as you'll ever see and completely understated. Along with Doug Coombs, Jon Hunt and a few others, they put Jackson on the map as the place to be for Big Mountain skiing in the U.S. (see: Swift, Silent, Deep) and helped usher in the “Extreme Skiing” era which seems so commonplace these days. Jimmy has been dealt a pretty tough hand and now faces his biggest challenge yet. If you're free on Saturday, head down to Goatstock at Red Top to help with his mounting medical bills. There will be auction items and great music all day (Mandatory Air and others).

Real Estate:

49.5 Acres in the Stonecrop subdivision, over looking Spring Gulch Rd with amazing views of the Tetons. Originally listed for $3,800,000, reduced to $2,700,000. Pretty good deal.
1br/1ba Aspens Condominium, 760 sq. ft, end unit, Listed for $340,000 Under Contract.

2br/2ba Berrypatch condo in the Aspens, 1100 sq. ft. middle unit, Listed for $495,000 UNDER CONTRACT.

3 acres almost bordering Grand Teton National Park, stunning views, Listed for $995,000 UNDER CONTRACT.

4br/3ba 3400 sq. ft house in Indian Trails, built in 1999, .31 acres, great neighborhood, Listed for $995,000 UNDER CONTRACT

1br/1ba Aspens Condo, end unit, decent shape, SHORT SALE, Listed for $290,000 CLOSED $264,000

4br/3ba 3350 sq. ft, 3 acres, North of Town, great views, well maintained, one level, large garage, Listed for $1,700,000 Closed $1,400,000

2br/2ba Rafter J Townhome, 1050 sq. ft., recently remodeled, originally listed in August 2008 for $628,000, eventually reduced to $408,000, CLOSED for $375,000

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Weather wise, this has been the best September in recent memory. Every day seems to be the same. Cool mornings, cloudless skies and highs reaching the mid 70’s to low 80’s. Combined with the lack of crowds, this may be the best time year to be here.

Spent a couple days up in Yellowstone and Montana, and it never gets old. Once you get past some of the traffic, it’s really one of the most amazing places in this country. If you haven't been, go. If you have, go again. Here’s one of the fish we caught on the Yellowstone River, just North of the park.

Speaking of fishing, this isn't such a bad way to have lunch during a great day of fishing with Grand Fishing Adventures.

I miss Omar, Jimmy, Marlow and the rest of the folks on The Wire. I really, really do.

Apparently the Davies-Reid Building, formally Jackson Drug located on maybe the busiest corner of the Town Square, has gone under contract to a local businessman. No word on the price but it was listed for $6,300,000.

Real Estate:

1br/1ba 421 sq. ft. condo on Millward St in Town, no garage, Listed for $297,000 CLOSED for $268,750

3br/2ba home on West Karns, 1400 sq. ft. .14 acres, no garage, Listed $669,000 CLOSED for $575,000

2br/2ba Whiteridge Condo in Teton Village, 850 sq. ft.,very close to the lifts, decent shape, underground parking Listed for $399,000 CLOSED $360,000

4br/4ba 2550 sq. ft house off the Village Rd., .84 acres, Teton Views, new construction, large 2 car garage, very nice, Originally listed in May 2008 for $1,975,000, reduced a few times finally listed for $1,199,000 CLOSED $1,150,000

A .70 acre lot at 3 Creek Ranch, originally listed for $1,250,000 in January 2007, CLOSED last week for $690,000

Unit 414 at the Teton Mountain Lodge, 2br/3ba, 4th floor corner unit, nice views of the ski area, Listed for $1,195,00, CLOSED for $1,025,000 ($904 per sq. ft.).

1br/1ba Aspens condo, end unit, 750 sq. ft. Listed for $315,000 CLOSED for $310,000.

6br/6ba 7650 sq. ft. house in Ellen Creek (Teton Village) 2.45 acres, Valley views, wine cellar, office etc., Listed for $3,750,000 UNDER CONTRACT

3br/3ba 2240 sq. ft. Condominium in the Four Season Hotel, full hotel amenities included, Listed for $2,875,000 UNDER CONTRACT

3br/4ba 3157 sq. ft. penthouse condominium at the Four Seasons Hotel, full hotel amenities included, fully furnished, Listed for $4,495,000 UNDER CONTRACT

6br/6ba 8000 sq. ft house off of Fall Creek Rd. in Wilson, 4.9 acres, nice views, new construction, nicely landscaped, Listed for $4,950,000 UNDER CONTRACT

4br/4ba 4500 sq. ft. house at Spring Creek Resort, 4.9 acres, great views and a great house. Listed for $2,450,000 UNDER CONTRACT

There were two bank owned properties in Teton Village that went under contract last week

1. Whiteridge 2br/2ba condo, 850 sq. ft., Listed for $379,000

2. 2br/1ba Tensleep Condo, 726 sq. ft., Listed for $288,400

Things are starting to move…

Lastly,as hard as it is for me to believe, tomorrow, September 23, is Bruce Springsteen’s 60th birthday. His songs have been the backround music for most of my life and his constant message of hope and freedom resonates as much today as it did 35 years ago, when this song was written. The staying power evidenced again when he played it last year as a tribute to Tim Russert.

And if you haven't seen him live, do yourself a favor and buy a ticket. You will not regret it. I promise.

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I found myself on Jackson Lake at sunset after a day of fishing, or better to say, looking for fish, and it was spectacular. The Lake was absolute glass an the temperature was around 70. Just perfect.
Here is a good deal from Central Reservations. I'm sure there are some restrictions but if you're flexible in your dates, you can lock up a skiing now at a great price. (Take note Della)

Apparently 4 condo’s have closed at Hotel Terra II, which is a good thing. Hopefully, the rest can follow suit, but I hear there are a few obstacles.

In the past 14 days there were 31 new listings in the Teton MLS for the Jackson Area, and 17 properties were reported to have gone under contract. That still doesn't reduce inventory, but it’s a positive sign.

The 100+ bank owned properties in Teton Springs (Idaho) are beginning to close for around $100 per sq. ft.. If you've got 5 years or so to sit on it, it’s probably a good investment. As I've said before, the golf course there is far too nice to not eventually succeed. It’s pretty amazing that less than 45 minutes away at Shooting Star, the Golf Cabins are selling for more that 10 times that amount. The last developer Cabin for the first phase went under contract a few weeks ago. it was listed for around $4,900,000 for just over 4000 sq. ft..

Speaking of golf, how great would it be if Teton County could scrape together enough money to buy the bankrupt Snake River Sporting Club course and turn it into a public course. THAT, would be truly amazing.

Real Estate:

4.81 Acres in HHR (Wilson) on a cul-de-sac, great Teton views, Listed for $1,590,000 UNDER CONTRACT

.35 Acres in Indian Trails, close to town, nice subdivsion, Listed for $400,000 UNDER CONTRACT

3br/3.5 ba, 6215 sq. ft , 3.9 acres North of Town, big Teton Views, built in 1998, Listed for $3,645,000 UNDER CONTRACT

3br/2ba Creekside unit in Town, right on Flat Creek, 2 car garage, decent shape, 1375 sq. ft. Listed for $499,000 CLOSED $450,000

1br/1ba Aspens condo, 750 sq. ft., decent condition, Listed for $305,000 CLOSED $275,000

3br/2.5ba Aspens condo, 1460 sq.ft., nice views, lots of light, pretty good shape, no garage, Listed for $895,000 CLOSED $725,000

Lastly, for those who have a little extra change kicking around or happen to work for Goldman Sachs….4br/5ba 7500 sq.ft plus guest house, 72 acres, great views, water, ponds, basketball court, squash court, observatory etc,. etc.. located North of town LISTED for $29,650,000

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The only trend I can see in the RE market is that there is no trend. We're seeing flurries of activity followed by periods of inactivity. Still, the properties that are listed properly, usually 25% of their highs, and are quality properties are still selling. The folks who are listing their property for what they could have sold it for 18 months ago are being delusional and are not accomplishing their goal, which presumably is to sell the property. I will say that every agent I talk to says the same thing, which is, there are A LOT more people asking questions and looking around. My feeling is that if we see the stock market show a few more months of stability, then things will start to move as people come off sidelines and get back in the game. If you're a Buyer, looking in the Town of Jackson, there is a ton of inventory and if you long enough, you WILL find a great, great deal.

Teton Village is a bit of an enigma these days because not much is moving. Phase Two of Hotel Terra still has not closed and there doesn't appear to be and end in sight for that standoff. It is finished and guests are staying in the hotel, and I hear it’s pretty nice, but the individual condominiums that make up all the rooms have not closed, although originally the closing date was late June.

This is an interesting article about a project in Texas but a lot of it can be applied to the who country.

And I just can't resist…..
Having just spent 10 days in engine room of Red Sox Nation, I know how badly they took the beat down the Yankees just gave the Sox and I only wish I could have stayed a few days longer to witness it first hand. If the Red Sox don't watch out, they may find themselves on the outside of the Wild Card, looking up at Texas, or more likely the Rays.

And looks like I was right about David ” 260lbs” Ortiz…..

Speaking of which, if you're in New York, go see the new Yankee Stadium. Love it or hate it, it’s an unbelievable structure with something for everyone. Hard Rock Cafe, Mohegan Sun, Johnny Rockets Burgers and of course $10 dollar beers. When the economy turns around and people start feeling better about useless spending, it is going to be a money printing machine.
Real Estate:

2br/2ba Aspens unit, 1050 sq. ft, good shape, no garage, middle unit, Listed $450,000 (Potential short sale)

1br.1ba Aspens unit, 750 sq. ft, no garage, decent shape, Listed $305,000 UNDER CONTRACT (reportedly $275,000!)

3br/2.5ba Aspens unit Lupine Building, 1460 sq. ft, nice views, extra staorage closet, top floor with 2 decks Listed for $895,000 UNDER CONTRACT

3Br/3.5Ba 2250 sq. ft. Teton Pines Townhome, built in 1997, 2 car garage, Listed for $1,085,000 UNDER CONTRACT

5br/4ba Granite Ridge Lodge , 4300 sq. ft, very close to the Teewinot Run, Listed for $3,3395,000 CLOSED

4.55 Acres in Indian Springs, Listed for $2,500,000 CLOSED $2,100,000

4br/4ba 3100 sq. ft. in Owl Creek, 3.5 acres, big Teton Views, built in 1996, Listed for $1,950,000 CLOSED $1,700,000

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There are moments in every persons life that you remember exactly where you were and what you were doing when a certain event happens. I was 12 years old on August 2, 1979, in Grafton Vermont, when my father told me that my hero, Thurman Munson had died in a plane crash. I didn't know much about death at that point, but I did know I would never see him play again, at that broke my heart because at age 12, nothing really mattered in the Summer except baseball. He played hard, made no excuses, and in my mind was always better than Carlton Fisk.

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