4/17/08
2008- Best Ever?
 | By Jack Stout Read more of Jack's posts |
The 2008 season wrapped up last and it’s easy to make an argument that this was the best ski season in twenty years. The near record snowfall, the cold temps and the fact that due to the calender working out, the mountain stayed open about as late into April as possible (it always shuts down the first Sunday in April). The only thing missing this year was having the Tram to get you to the top in 10 minutes. This was especially evident for me during the last couple weeks of the year when there were no crowds and the skiing was excellent. These were days when “walk on Trams” would have been a lot of fun. All and all though, it was a season to remember. Now, it’s time for the snow to LEAVE!
Here’s a shot of Tower #1
This picture indicates pretty clearly how big a Moose is compared to your car
I had to include this Picture of my buddy Andrew Firmin wearing a genuine sheep suit, flown in from Afganistan, on the last day of the ski season.
Real Estate:
Not sure really what to say about the RE Market here other than it’s very unpredictable. A lot of Teton Valley is in a fire sale right now, especially Teton Springs, with way too much inventory compared to qualified(willing) buyers. We're seeing some minor price reductions on some of the less expensive places in town, but not too many and they're mostly corrective in nature. And it the past few weeks we've seen a half dozen or so properties listed above $4,000,000 go under contract including a $11,000,000 listing in Indian Springs. So clearly there are still Buyer’s out there who believe in the Jackson market. A safe harbor? That may be the thinking.
Here is a picture of the new development going on behind the old Log Cabin Saloon.
It looks like the County Commissioners will vote to enact a building moratorium until a least the end of 2008. It won't include Teton Meadows but that’s not really a big deal in my mind because I think it’s dead in the water as it’s configured right now. Maybe they will make some changes before the County votes on it.
There’s very little in this world that gives me more pleasure than watching the Yankees take the Red Sox out behind the tool shed, like they did last night.
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A gerneral statement saying teton valley is under fire sale right now is what makes things worse. Teton Springs is not in trouble, its all of the spec builders who over extended theselves by taking on millions of dollars in construction loans to build houses that the area is just not ready for. Combine that with the new credit crunch and you have a issue. Teton valley is still a great option for alot of people who want a piece of the west but cant afford Jackso/wilson, and once all of the panic leaves the market things will return to normal. If you havent noticed, there are a lot of very successful individuals moving forward with pretty large commercial projects. When people put money into commercial that is usually a very good sign.