Jackson Hole Real Estate Blog

The best January skiing since 1997-1998? Yeah probably, and maybe even better than that storied year. 127″ since 12/29. Nothing wrong with that!

All the snow did create some big avalanche issues, not the least of which can be seen here. Scroll down and look at the photos.

I had dinner last week at the Couloir restaurant, located at the top of the Gondola, and it was a very pleasant surprise. It’s not particularly cheap ($85 p/p, 4 course meal) but the atmosphere is excellent, the food is great and I thought our waiter played it perfectly. And I felt the Gondola ride up and down was kinda cool. Granted I'm a total map dork, so I like aerial views of things, I really liked looking down on the Valley at night. It gives you a very good idea of how the area has grown.
My brother Ben sent me this piece of the Roger Clemens interview on “60 Minutes” which wound up on the cutting room floor. Guilty? You decide. I'll be interested to see what he has to say in front of congress in a few weeks. It’s one thing to lie to Mike Wallace, but if you lie to Congress, the guys in the little black windbreakers “Federal Marshall” on the back will come knocking on your door.
Looks like this company is trying to buy up all the land from Jedediah’s to the corner on the left side of Broadway. The number I've heard tossed around is $25,000,000. They've already picked up a couple pieces.
Also heard that a group is looking into the entire Blair Condominiums on South Park Loop Rd. for close to $60,000,000. Just a rumor.

It also looks like the Village Center Inn (home of the Village Cafe, Wildernest Sports, and most importantly my ski locker) will be saved from the wrecking ball for one more year according to a pretty reliable source.

This is a story on the sad state of the situation on Teton Pass. Fighting? Really??

Hotel Terra is scheduled to open in Teton Village on 1/29 with the Gavin Fine’s (Rendezvous Bistro, “Q”) new restaurant “Osteria” opening on February 1. It will be Italian cuisine with a full bar for Apres Ski and staying open until 11:00 PM. It should be good.

For years the Jackson real estate market has been pretty immune to the fluctuation of the markets of the rest of the country. Even post 9/11, the prices here didn't really drop, just flattened for a while. I'm not so sure we will escape this lasted credit crisis/stock market tumble. It just seems too wide reaching to leave us alone this time. I think it’s pretty evident that Teton Village is a little soft right now (4 properties under contract since 12/20) and there seems to be inventory piling up in town, and even a little in Wilson, which has been the strongest segment of a strong Jackson market.

Real Estate:

.5 acres in Melody Ranch listed for $589,000, under contract in 10 days

2br/2ba 1500 sq. ft. Townhouse in town on Nelson Dr., in good shape, no garage, listed for $695,000

3br/1ba 1440 Sq. ft. home in downtown Wilson, built in 1933, listed for $975,000 , under contract in 10 days. the adjacent lot, .17 acres, listed for $850,000 , also went under contract.

.93 acres in Wilson Meadows, Teton Views, water, listed for $1,295,000. Really??

3br/3ba Crystal Springs Condo in Teton Village, 1850 sq. ft. mountain views, middle floor., listed for $2,200,000

4.9 Acres at the end of Fish Creek Rd., listed for $2,000,000. Under Contract

Four Seasons Penthouse, 3br/4ba 3100 sq. ft. Listed for $4,800,000, Under Contract. On the market for 189 days.

16 Acres in Wilson on Philips Bench, beautiful but a little dark in the winter, listed for $3,200,000 , under contract. On the market for 572 days

2br/3ba Teton Mountain Lodge condo, 1000 sq. ft., mountain views, Listed for $1,295,000 CLOSED for $1,125,000

.9 Acres in 3 Creek Ranch, Listed for $2,397,000 CLOSED for $2,382,000

.5 Acres in Melody Ranch, Listed for $695,000 Closed for $665,0000

5br/5ba 7500 sq.ft. “Island Home” in Teton Pines located on the 18th Fairway, 2.25 Acres Listed for $8,800,0000 , CLOSED for $7,900,0000

25 days until Pitchers and Catchers report for Spring Training!!

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Posted by Jack Stout in Real Estate |