Jackson Hole Real Estate Blog

If cats didn't creep you out before, they will now…

.

.
A couple pictures from my ride on the Ferrins Trail yesterday.  The improvement I've seen in the mountain biking trails in the 20 years I've lived here is remarkable.   I'm not saying it’s at Sun Valley’s level, but it’s getting there.  Thanks to the Forest Service, all the trails off the Cache Creek Drainage are are really in great shape .  And because of the amazing efforts of the Teton Freedom Riders in conjunction with the Forest Service, the trails on Teton Pass have gone through a renaissance, with the old trails getting some much needed repair and several fantastic new ones have been built.  I've was also told that the old War Horse, Philips Canyon,  was going to get a makeover next, which is bad news for the Valley’s Dentist population, who for years have been eagerly re-attaching  mountain bikers fillings after each ride.

When I moved to Wilson in 1990, everybody said there were no Grizzly’s in Jackson Hole, they all lived in Yellowstone.  Then it was that the Grizzly’s only lived  in the North end of GTNP.   Well,.. they're in Wilson now.  This is the third sighting in the Wilson area this Spring.

.

One of the unexpected benefits of the recession is lower rents around town which has allowed some businesses to relocate in Town and in the process making downtown Jackson seem a little less full of art galleries and Real Estate offices.  Moo’s Ice Cream has opened a ice cream/coffee shop on the corner of Deloney and Center Street (right next to Wells Fargo) and Great Harvest Bread Company will be opening a shop across the street from that in the near future.

.
.

Real Estate:

The Teton Valley Ranch is going to Auction on July 16.  It was listed for $47,000,000 and now the minimum reserve bid is $15,000,000.  If memory serves me correctly, I think it was bought for North of $30,000,000.  I heard a rumor that they had an contract for $15,000,000 but are allowed to take it to Auction to see if they can get more.  I have not confirmed this.   Either way, someone is going to get a great deal.  It’s really one of the best, if not the best property, in the Rocky Mountain West.

3br/2ba Condo in Wilson, 1500 sq. ft. 2 car garage, pretty good shape, Listed for $675,000  CLOSED for $660,000 .

2br/2ba Condominium in Downtown Jackson, built in 2005, underground parking, very nice. Listed for $1,095,000, CLOSED for $905,000.

3br/2ba 3200 sq. ft house in Indian Trails, beautiful .56 acre lot, great shape, Listed for $1,495,000   CLOSED for $1,300,000

6br/5ba 6000 sq. ft house in Teton Pines, 1.8 acres, built in 2008, very nice, 3  car garage, Listed for $3,595,000  CLOSED for $ 2,750,000

6 acres South of Town, beautiful views, horse property, Listed for $1,395,000  CLOSED for $1,200,000

3br/2ba house in Cottenwood Park, 1250 sq. ft. ok shape, Listed for $539,000   CLOSED for $525,000

I don't think I've ever said this before, but I'm pulling for Celtics tonight.

If you enjoyed this post, make sure you subscribe to my RSS feed!

I had my first look at the JH Airport renovations and it’s pretty spectacular.  Whether it will make for a better experience for locals and visitors remains to be seen, but it’s very nice to look at.  While the ticketing area receives all the press, it’s the baggage screening area that is really the centerpiece of the renovation.  It’s designed to handle 10 times as many bags and is state of the art.  It’s just for outgoing bags though and will not change the current system for arriving flights.  The building is certified Silver LEED and cost around $31,000,000. By the middle of the summer the security station will be moved into this new building and the current ticketing area will all be in the security area including the restaurant and bar. Here are a few pictures.

.

.

.

.

.

.

.

If you haven't had a chance to swing by Fred Peightal’s new restaurant Cafe Genevieve, do so the next time you're looking for a great meal that’s fairly priced.  Open for breakfast, lunch and dinner and located just off the Town Square on East Broadway, in the building formally occupied by Jedediah’s.

Real Estate:

There are currently 52 Condominiums or homes for sale in the Town of Jackson.  This does not include Rafter J.  23 of those are condominiums for under $300,000.  The least expensive is a 2br/1ba 644 sq. ft. condo in Ponderosa Village for $159,000.

.

The least expensive true single family home is 3br/2ba 1300 sq. ft. house on .21 acres in Rafter J for $419,000. (there are houses at Cottonwood Flats that are less expensive, but they all share a common wall)
.

Here are some interesting numbers:

1/1/2007 - 6/1/2007     203 Closed Sales in the MLS  (Ave. sale price $1,068,630)
1/1/2008 - 6/1/2008     104 Closed Sales in the MLS  (Ave. sale price $1,459,000)
1/1/2009 - 6/1/2009      35  Closed Sales in the MLS  (Ave. sale price $817,000)
1/1/2010 - 6/1/2010      91  Closed Sales in the MLS  (Ave. sale price $1,269,000)

A few things to remember.  These number do not include Teton Valley ID, and these are just the sales in the MLS.  There were a number of sales in each of the time periods above that were private transactions and never made it into the Teton County MLS.   That being said, I think what you can take from these numbers is a clear uptick in total sales which is certainly reflective of the amount of interest the we're seeing lately. As I've stated before there are a lot of very educated Buyer’s taking advantage of what they feel is the bottom of the market with some segments of real estate market off up to 30%-35% of their peak values in mid/late 2007

Other interesting happenings:

3br/2ba 1900 sq. ft. home in Cottonwood. 23 acres, 2 car garage, built in 1990, Listed for $599,000   CLOSED $538,000

.
4br/4ba 4200 sq. ft House in Karns Hillside, built in 2001, nice views, .45 acres, 2 car garage, Listed for $1,450,000  CLOSED $1,150,000

.

4br/4ba House at 3 Creek, 4250 sq.ft. , .60 acres, built in 2006,  Listed for $2,000,000 CLOSED $1,935,000

.

2br/3ba 919 sq. ft condominium at the Teton Mtn. Lodge, 4th floor, very nice, HOA DUES $15,000 PER YER, Bank owned,  Listed for  $749,900   UNDER CONTRACT

.

4br/3ba 2700 sq. ft. house North of Town, 3 acres, great Teton Views, built in 1994, 3 car garage, Listed for $1,675,000  UNDER CONTRACT

If you enjoyed this post, make sure you subscribe to my RSS feed!

As a Real Estate Broker, the second most frequently asked question I get  asked everyday (right after “have we hit the bottom?”) is where are the real estate prices compared to past years?  I did some research, and it’s not quite as easy a question to answer as it might sound.  Different parts of the market are in different places, some appear to have bottomed out and are actually rising (Four Seasons) and others seem to be still falling or at least stagnating at the bottom (1 br units at the Aspens).  Here are some examples:

In the time between February and March of 2006, 5 Four Season condominiums, all 3br units, each sold for around 1100 per sq.ft. Some were a little more, a couple a little less, but by and large that is where the price was ( they peaked in spring of 2008 at an average of $1,450,000 per ft.) .  In late 2009 and early 2010, 3 Four Seasons 3br units sold and they were, in chronological order, $1290 p/ft (closed 10/2/09), $1026 p/ft (closed 2/2/10) and $1179 p/ft (closed 3/29/10).  That puts them right back at the prices of early 2006. Granted it’s a small sample to work with, but I think it a relatively accurate hypothesis of where the market is compared to past years for the Four Seasons condominiums.  Now lets look at 1br condo’s in The Aspens.
At the Aspens, there have been 6 1br/1ba sales since September 2009.  The prices have ranged from $220,000 to $280,000 with the average being $258,000.  Granted a couple of those were Bank owned sales and they were sold rather quickly so the numbers were probably a little low, but they have to be counted as they represent a segment of the market and more importantly they are weighted by appraisers when doing appraisals for the Banks.  Between June 2005 and February 2006 there were 6 1br/1ba sales at the Aspen they ranged in price from $215,000 to $293,000 for an average sale price of $251,000.  One of those sales was $257,000 in January 2006.  That’s just about where we are now. Unlike the Four Seasons condominiums in Teton Village, I think sale prices in this isolated part of the market will stay flat or possibly even dip a little more as the last of the Bank owned inventory flushes itself out.
Not too surprisingly, the 2br units in the Aspens support the same findings.  They're trading for about the same prices as they did in January 2006.

As a result of this, what we are seeing is the educated Buyer’s are snapping up the best properties at all price points.  And while it’s only possible to identify  the bottom of the market a year or so after it happens, there are a lot of people who feel that things will start to heat up this summer and it’s time to get back in the pool.

.

.
This is a good article on the renovations at the Airport.  I, for one, was not aware that  pilots  flying in after 9PM have to click their microphones five times to turn the runway lights on.  I'll be thinking about that the next time I'm on that late United flight.

.
Here is an article about the uphill battle Jackson local Resi Stiegler has waging the past few years.

.
And, I just just don't know if this is good, bad or just plain bizarre.

.
Real Estate:

5br/7ba 7900 sq. ft House in John Dodge,Built in 1995, 7 acres on the Snake River,  very nice views, Listed for $8,950,000  UNDER CONTRACT

6br/5ba 6000 sq. ft house in Teton Pines, 1.89 acres, Teton Views, built in 2008, Listed for $3,595,000  UNDER CONTRACT

4br/4ba 3658sq. ft. Teton Pines Cluster Home, BANK OWNED, Listed for $1,340,000  UNDER CONTRACT

6.5 acres south of Town, Great Views, Listed for $1,395,000  UNDER CONTRACT

3br/4ba Four Seasons Condominium, 3400 sq. ft., views of the Ski area, Listed for $4,500,000 CLOSED just over $4,000,000

2br/1.5 ba condo in town, 1050 sq. ft, no garage, good shape.  Listed for $330,000   CLOSED $310,000

3br/2ba 1400 sq. ft. condo in the Aspens, decent shape, no garage, Listed $480,000   CLOSED $470,000

3br/3ba house in Melody Ranch, 2500 sq. ft, .30 acres built in 2001  Listed for $830,000   CLOSED $830,000

4br/3ba House in Melody Ranch, 2900 sq. ft., .37 acres, built in 2006, Listed $995,000   CLOSED $800,000

2br/2ba Granite Ridge Cabin, 2050 sq. ft., valley views, built 1998, Listed $1,885,000  CLOSED  $1,500,000

4br/4ba Ellen Creek house (Teton Village) 3700 sq. ft., built in 1995, 2.3 acres, overlooking Shooting Star, Listed for $2,485,000   CLOSED $2,485,000

If you enjoyed this post, make sure you subscribe to my RSS feed!

Great skiing to wrap up the end of the year at the JHMR.  Saturday April 3 was not the best day of the year, but the fact that it was in the discussion was pretty amazing.  About 60″ fell in the last 10 days or so.

.
When the Yankees Chan Ho Park gave up a two run bomb to the Red Sox in his first game as a Yankee,  I jokingly said to my wife ‘ I hope they kept the receipt for him”.  It was a joke.  This couple apparently really did keep the receipt on their child.

.
The “When will David Ortiz be cut?” watch has officially begun.  He’s Hitting .154 with no home runs and 13 strike outs in his first 26 AB’s.  He, and the rest of the Nation, better hope his next shipment of HGH shows up soon.

.
This clip from Alta UT last week showed up on my friend Erin’s Facebook page.  You just can't make this stuff up.

.
Taken from the top of the Sublette Chair a couple weeks ago, this amazing video shows what sort of weather we had at the end of March

Driving around the Town of Jackson the other day and took these pictures  within 5 minutes of each other.  I'm not sure what was going on but clearly something had the animals on the move.

.

.

.

.

And then I saw this

.
.

.

.

.

Real Estate:

The same trends that I've talked about before are continuing.   Prices are necessarily going up, but the best properties in all the real estate sectors are being snapped up by savvy Buyers.   And while we are no where close to the numbers of 2006-07 (we'll probably never see a time like that again), you can see from the numbers below that we are way ahead of last year and there is no reason to think that trend won't continue as we get in the summer selling season.
There have been 54 closings in the MLS since 1/1/2010 in Jackson Hole. 50 residential and 4 vacant lots (not counting Teton Valley ID)

There were 17 closings during the same period last year-17 residential and 0 vacant lots (not counting Teton Valley)

There are 32 properties currently listed as “Under Contract or Pending in the MLS.  5 of those properties are listed for over $4,000,000!

3br/4ba Condominium at the Four Seasons Hotel, 3400 sq. ft, full use of all hotel amenities, HOA dues are $48,000 p/y, ski in/ski out, Listed for $4,495,000  UNDER CONTRACT.

1br/1ba Aspens Condo, bank owned, 770 sq. ft, Listed for $249,000   CLOSED $241,000

4br/5ba 3788 sq. ft. house in Ellen Creek, very close to JHMR, 2.2 acres, built in 1991, Listed for $2,485,000  UNDER CONTRACT

4br/3ba House in Melody Ranch, 3500+ sq.f t., built in 2008, very nice house,  Listed $1,175,000  CLOSED $1,100,000

3br/3ba 2500 sq. ft House in Hidden Ranch, built in 1995, nice house, .20 acres, Listed for $655,000   CLOSED $575,000  (These Buyer’s got a great deal).

1br/1ba Aspens condo in the Berry Patch  section, 750 sq.ft. , Listed for $315,000   CLOSED $280,000

East Ridge Townhouse, 3br/2.5 ba, 2 car garage, 1700 sq. ft., good shape, listed for $699,000  CLOSED $600,000

If you would like more detailed information on these or any Real Estate in Jackson Hole, please feel free to contact me. Whether Buying or Selling, unlike some of the larger firms in Jackson, I will represent you as  YOUR AGENT.

If you enjoyed this post, make sure you subscribe to my RSS feed!

We'll file this under “just when you'd thought you'd seen it all”

This is a pretty good article about one writers first trip to Jackson Hole .

This past weekend was probably the biggest of the Winter in JH.  The was the Hill Climb, Pole Peddle Paddle and the Jackson Hole Mountain Fest featuring Grace Potter and the Nocturnals.  The weather cooperated, with new snow falling on Friday, followed by 2 beautiful sunny days on the weekend.  Below Are a few pictures of the weekend along with this link to a great article by Jim Sanford describing the unforgettable show put on by Grace Potter (BTW, she is going to be a star, a big one).  The sad part is, I'm guessing that her days of performing in Jackson may be coming to an end because we don't have a venue large enough for what she’s going to command in the coming years. (although she is scheduled to play at Grand Targhee this summer!)

.

.
.

.

.
.

.

.

.

When everyone from the Hill Climb sobered up and went home, this is what was left on Snow King.  The Ol’ Lady got worked over pretty hard due to the lack of snow pack.

.

.

.

.

.

Here is an interesting article from Jon Schechter about the bottom of the real estate market in Jackson

Real Estate:

Since March 5, 20 residences/condo’s in the Jackson Hole area have gone under contract as well as two vacant lots in Teton Village

Since March 5, 17 residences/condo’s in the Jackson Hole area have Closed as well as one vacant lot in Teton Village.

Since March 5, 49  new listings have been added to the Jackson Hole area.

4br/4ba 4800 sq. ft. house in Tucker Ranch, 6.6. acres, built in 1996, great views, 5 miles from the JHMR, Listed for $4,750,000   UNDER CONTRACT

6br/6ba 9000 sq. ft. house in Skyline, 3 acres, great views overlook the Snake River, built in 1982 but in great shape, Listed for $6,650,000  UNDER CONTRACT

5 houses in Melody Ranch went under contract in the past 2 weeks, ranging in price from a 3br/3ba 2506 sq. ft. house on .3 acres listed for $880,000 to a 4br/5ba 3800 sq.ft house on .6 acres listed for $1,490,000.

2 more Shooting Star Cabins Closed (Listed $4,000,000-$5,000,000)

.

.69 acre lot in Teton Village, located at the bottom of the Buffalo Bowl, Listed for $1,600,000  CLOSED close to asking price.

. 3br/3ba 3075 sq. ft house located right on Fish Creek in Wilson, beautiful location, very private, built in 1980, needed some TLC, Listed for $3,950,000  CLOSED well below asking price.

(If you would like more information on any of these closings or any others, please feel free to call me at 307-413-7118)
18″ since last night so far at the bottom of Rendezvous Bowl and it’s dumping.  Powder day tomorrow!
April 4.  One Season Ends, and another begins (Yankees take apart the Red Sox, 8pm EDT, ESPN)!

If you enjoyed this post, make sure you subscribe to my RSS feed!

A few thoughts from the recently completed Winter Olympics:

1. Lyndsay Vonn has got nothing on Julia Mancuso. (except maybe a gold medal.)
2. There’s not enough whiskey in Ireland to make curling interesting.

3. Ice dancing has-got-to-go, and go away for good. Because I want to continue to sound like a somewhat normal person, I won't go into the entire figure skating rant that my poor wife has had to endure for two weeks. However, I think we can draw a red line through Ice Dancing for 2014. If it were the Ice Capades, then fine, the monkey costumes are great. But it’s an insult to all the other great athletes that two people dressed up as Hansel and Gretel compete on the same stage with the likes of the country skiers, speed skaters, and alpine skiers.

.

.
If you don't think waterboarding is torture, watch this.

This is a very cool radio recording of President Kennedy’s trip to Jackson about 60 days before he was assassinated. It’s a window into a different era.

My friend Ari sent me this. It’s a good lesson to know what exactly you're doing when you put down some earnest money. Granted, it’s not too often that the amount is $55MM!

Looks like United Airlines will have a daily flight from LA this Summer. Very good news.

Real Estate:

We are continuing to see an uptick in activity. I think a lot of Buyers who know Jackson Hole feel that we may have hit the bottom. And while prices may not go up for a while due to excess inventory, there seems to be a sense that its time to buy the best real estate in the price range you're looking for. As a result, we've seen some of the nicer places go under contract in the past month or so. A few examples from this past week.
.

3br/3ba Town house at 810 West in Jackson, 2300 sq.ft., 2 car garage, contemporary feel, built in 2005, Listed for 899,000 UNDER CONTRACT.

.

3br/3ba home is downtown Wilson, 2600 sq. ft, 2 car garage, .17 acres, built in 2007, Listed $1,495,000 UNDER CONTRACT.

5br/5ba 6580 sq. ft. house in Teton Pines, very very nice, built in 2004, great views from all rooms, on the 18th Hole, .84 acres, 3 car gagrage, Listed for $6,750,000 UNDER CONTRACT

.

4br/4ba 5000 sq. ft Log Home on North Gros Ventre Butte, 10 acres, filtered Grand Teton Views, built 1991, Listed for $4,000,000 UNDER CONTRACT

.

4br/4ba 3500 sq. ft. house in Melody Ranch, .50 acres, new construction, nice views, 3 cars garage, Originally listed for $1,550,000 in 2008, reduced to $965,000, UNDER CONTRACT.

.

3br/2ba 1700 sq. ft. house in South Park Ranch, 2.5 acres, Nice Views, good shape, set up for horses, Listed for $739,000 CLOSED for $685,000

.

1br/2ba 771 sq. ft. condo at the Teton Mountain Lodge, lock off ability with good rental possibility, 4th floor, views of the JHMR, Listed for $625,00 , CLOSED $500,000 (648 per sq. foot).

.

2br/2ba Garden Home at Teton Pines, 1700 sq. ft. 1 car garage, recently remodeled, Listed for $995,000 CLOSED $950,000

.

3br/2ba 1600 sq.ft. House in Rafter J, .29 acres, quiet street, good shape, Listed for $550,000 CLOSED $550,000.

.

.

Less than a month until opening day…

If you enjoyed this post, make sure you subscribe to my RSS feed!

Took these pictures on Cody Bowl and No Name Peak on Sunday. It was one of those “great days” you think about all summer long
The years the Winter Olympics happen are so nice because they so perfectly fill the the sports black hole, otherwise known as February. When the Super Bowl ends, there is usually a three week void until the NCAA tourney begins. With the Olympics sliding into that spot we then go effortlessly in the NCAA Basketball Tournaments, which conclude in early April, just in time for the start of the Major League Baseball season. The transitions are so beautifully seamless.

Speaking of which, I'm not so sure the Red Sox should be as concerned with beating the (World Champion) Yankees for the division title as they should be with beating the Rays for the Wild Card.
.

This looks to be a casualty of these economic times.

.

This clip from the Colbert Report is very, very funny. And just because I make fun of Sarah Palin, or enjoy watching people make fun of Sarah Palin, doesn't mean I live in a teepee and drink wheatgrass all day. It’s just that the women wrote notes for an interview on her hand. Just like my niece does, who’s in second grade.

This is an interesting piece from the New York Times regarding foreclosures and people who are underwater with their loans.

Who knew Taco Bell had such an incredibly loyal following here in Jackson.

If you're someone like me who enjoys skiing the back country on AT gear and you've felt the wrath and snickering from telemarkers, like I have, you need to watch this very funny video.

I have said to anyone who will listen, probably annoying just about everyone in the process, that the food at all of the JHMR restaurants has become very, very good. From the hot dogs at Nick Wilson’s to the unbelievable Kobe beef burger at Couloir, the food is really fantastic. He’s a article from Ski Magazine which backs me up

.
Vintage Jon Stewart in this take on the recent very snowy weather in the Northeast

Real Estate:

This was a big week for high end sales in and around Wilson. A house bordered by Fish Creek on two sides in downtown Wilson that was never in the MLS, CLOSED for $1,650,000. It had a main house, two large garages and a guest apartment. The lot is 1.7 acres.

A 2br/2ba , 3000 sq ft house on 4.5 acres in HHR, with a 2br/2ba guest apartment, great views, that was technically off the market, was listed for $3,100,000 was put UNDER CONTRACT on Thursday.

.

A 4br/3ba 3480 sq. ft house in John Dodge (Close to Village Rd) 3.04 acres, 2br/2ba guest house built in 1987, Listed for $1,899,000 UNDER CONTRACT. Sold fully furnished.

.

A 5br/4ba 6767 sq. ft. house in Wilson, 6 acres, great views, new contemporary home, very nice. Listed for $6,240,000 UNDER CONTRACT

.

A 4br/4ba 5026 sq. ft. house at the Amangani Resort, close to Spring Creek Resort, .95 acres, amazing views, built in 2007, Listed for $4,585,000 UNDER CONTRACT and use of all amenities at the Amagani Resort, including their spectacular pool.

.

1br/1ba condo in the Aspens, 740 sq. ft. Listed for $246,000, CLOSED $220,000 . Short Sale.

5br/5ba 6200 sq. ft house in HHR, 5.8 acres, great views, built in 2009, very nice workmanship, LISTED for $4,985,000 CLOSED $4,050,000

.

5br/5ba 6511 sq. ft. house in Granite Ridge, ski in/ski out access, .58 acres, 3 car garage, built in 2001, Listed for $6,995,000 CLOSED for around $6,150,000 (I'm not sure of the exact price).

.

There have been 20 properties Close since 1/1/2010 the the Jackson Hole area (does not include Teton Valley).

There were 3 properties Closed for the same period in 2009 in the Jackson Hole area (does not include Teton Valley).
There are 29 properties currently listed as Pending or Under Contract in the JH area (does not include Teton Valley)
The least expensive listing in Teton Village is 465 sq. ft. Studio condo for $175,600

Shooting Star had CLOSED all of their “Cabins” that have been scheduled to close . I believe they're 6 for 6. This speaks volumes to the quality of the product considering that Buyer’s are closing based on pricing agreed to 18-24 months ago.

If you enjoyed this post, make sure you subscribe to my RSS feed!

testingtesting testing

tadalafil generic cyalis Cialis Tadalafil Icos phorum e groups academies cialis!
cialis without a perscription, Generic Viagra Tadalafil Levitra Comparison buy cialis online say wordpress
lowest price cialis Tadalafil Cialis Education Cialis Guide Very cheap cialis generic cialis overnight 83.
cialis accessory, Cialis Tadalafil Without A Prescription cialis low priced
cialis and erections! Cialis Contains Tadalafil cialis dependence
cialis availability in uk? Buy Cialis Cheapest Tadalafil Tadalafil Table buy cialis online now
cialis comments Generic Cialis Pills Tadalafil biblioth ques sp cialis es
Produce tadalafil cialis buy cialis online order cialis 808. Discount Prescriptions Cialis Tadalafil paypal cialis
cialis 30; Cialis Drug Description Tadalafil Healthscout cialis pdr
women cialis Tadalafil Or Cialis cialis bluepill
cialis samples Red Devil Tadalafil Generic Cialis megalis tadalafil
cialis next day Tadalafil Levitra Generic Viagra cialis no perscription
cialis illegal philippines Generic Viagra Tadalafil cheapest brand cialis
“net cialis” Purchasing Online Generic Cialis Tadalafil geneic cheapest cialis
cialis comments Buy Tadalafil Cialis Online lilly cialis
q cialis restrictvalue web Cialis Tadalafil 20mg cialis patient assistance program

If you enjoyed this post, make sure you subscribe to my RSS feed!

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.
.

.

.

.

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.
.

.

.

.

.

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.

.
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.

.

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

.
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

.

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

.

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

If you enjoyed this post, make sure you subscribe to my RSS feed!

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)

.
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

.
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???
.

.

.

.

.

.

.

I'm not sure why, but this makes picture makes me laugh every time I see it.

.

.

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

If you enjoyed this post, make sure you subscribe to my RSS feed!