New Listing :: 10+ acres in Elk Ridge Ranches

[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]

Property Details

  • 10.42 Acres
  • 8.83 acres of water rights
  • Equestrian Friendly
  • Salt River Range and Star Valley Views
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
Elk Ridge Ranches at Henry’s Mountain is located just outside of Etna Wyoming. Nestled under the mountains, this 10+ acre lot is equestrian friendly and offers truly sensational 360 degree elevated views of the Salt River Range and Star Valley. The access to fly fishing, snowmobiling, hunting, boating and golfing make this area a true recreational paradise. Reasonable CC&R’s and 8.83 acres of water rights add tremendous value to this unique property.
[siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget]

LOT 4 WESTERN SKY DR, Etna, WY 83120

HOA Dues: $260/year

Taxes: $708.25/year

List Price: $299,000

MLS: 21-855

Listed by: Katie Brady

[siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]

New Listing :: Peaceful End Unit Condominium

Property Details

  • 3 bed / 3 bath / 2 car garage
  • 1,462 sq ft
  • Quiet and peaceful in small development
  • Common area on Flat Creek
  • Steps from bike path, park and hiking trails
  • Gas stove, wood floors, covered back deck
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]

Located just steps away from Russ Garaman Park and Josie’s Ridge hiking and biking trails, this 3 bedroom condo is part of a small and private development right on Flat Creek. Enjoy commuting on the nearby bike path or relaxing next to the creek on HOA common area. This spacious end unit has a unique floor plan, a private entry way, and attached 2 car garage. The covered back deck allows year-round BBQing and is surrounded by mature willow trees affording a peaceful outdoor setting. The 9 foot high ceilings, hardwood floors and gas fireplace make this well cared for home a special find.

[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]

900 POWDERHORN LANE UNIT A, JACKSON, WYOMING

HOA Dues: $3,800/year

Taxes: $4,514/year

List Price: $949,000

MLS: 21-365

Listed by: Katie Brady

[siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]

New Listing :: In Town Condo with Prime Location

Property Details

  • 2 Bed + Loft
  • Top Floor
  • Updates Throughout
  • Spacious Floorplan
  • Owners Storage
  • 2 Off-Street Parking Spaces
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]

This spacious 2 bedroom plus large loft condominium is ideally located on Aspen Drive with proximity to hiking and biking at Snow King Mountain, shopping and restaurants of downtown Jackson and the bus stop to Teton Village for skiing. The best floor plan in the development, this top floor unit features vaulted ceilings in the living room and master bedroom as well as a 200 sq ft loft perfect for an office or guest sleeping quarters. Updated over the last handful of years with refinished hardwood floors, and paint throughout as well as a new water heater, bathroom vanity, dishwasher, and washing machine. In addition to the 1,112 square feet, owners can take advantage of a wood stove hook up, a spacious outdoor storage closet, and 2 dedicated off street parking spaces.

[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]

265 ASPEN DR #8, JACKSON, WYOMING

HOA Dues: $6,000/year

Taxes: $2,776/year

List Price: $625,000

MLS: 20-2848

Listed by: Katie Brady

[siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]

New Listing :: Downtown Townhome with Snow King Views

Property Details

  • 4 Bd, 4 Ba
  • 2,015 Sq Ft
  • 1 car garage
  • Proximity to downtown & Snow King Mountain
  • Beautifully Updated
  • Snow King Views
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]

Ideally located in the heart of downtown Jackson, this townhouse is the epitome of the Jackson Hole lifestyle. Conveniently located just blocks from the historic downtown, Center for the Arts and endless outdoor amenities of Snow King Mountain, you can be in the center of the action! This 4 bed, 3.5 bath townhome encompasses more than 2,000 sq ft on 3 levels with 2 separate living rooms, one with a wood burning fireplace. Enjoy morning sun and Snow King views from the east facing bedroom windows and afternoon sun on the west facing private deck.  Tastefully updated with white oak hardwood floors, all new lighting, updated bathrooms with quartzite counters and tile showers, and new KitchenAid stainless steel appliances (including a gas range) and quartzite counters in the kitchen.

[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]

517 S CACHE ST, JACKSON, WYOMING

HOA Dues: $2,568/year

Taxes: $5,113/year

List Price: $1,150,000

MLS: 20-2439

Listed by: Katie Brady

[siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]

New Listing :: Love Ridge Condominium

Property Details

  • Short Term Rentable
  • Elevated Views
  • Proximity to Downtown
  • Owner Storage
  • Underground Parking
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]

You will love the convenient location of this Love Ridge Condominium! You are just minutes from the excitement of Jackson’s downtown and the outdoor pursuits of Snow King Mountain including skiing, hiking, mountain biking and horseback riding. The southeast orientation allows for a sun filled home as you are welcomed into the living space. Enjoy northeast views over the Elk Refuge from the second floor balcony. These spacious 3 bedroom condominiums have the option for 1 & 2 bed lock off arrangements, which can maximize rental income and add flexibility for owners. Each unit comes with a sizable storage unit as well as 2 parking spots in the underground garage. Sold fully furnished and turnkey for the new owner.

[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]

531 SNOW KING LOOP #3140 JACKSON, WYOMING

HOA Dues: $7,200/year

Taxes: $8,199/year

List Price: $1,495,000

MLS: 20-2208

Listed by: Katie Brady

[siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]
[siteorigin_widget class=”SiteOrigin_Widget_Image_Widget”][/siteorigin_widget]

Year in Review: Market Trends and Sale Statistics for the Jackson Hole Real Estate Market in 2013

Over the course of 2013 I have been tracking many different sale and market statistics which all help paint a picture of the real estate market in Jackson Hole over the past year. Below are some of the major take-aways from the Jackson Hole Real Estate Market in 2013:

Distressed Property Sales:  Teton County experienced the highest levels of distressed property sales (bank sales and short sales) in the spring and early summer of 2013. In April, there were 8 distressed sales, which represented 15% of all property sales that month. May and June also saw a significant amount of bank and short sales, however by the end of the summer, these types of properties seemed to disappear from the market all together as September did not see a single distressed sale. Since then, each month has had their own share of sales, suggesting that while the majority of this shadow inventory has been absorbed, there still remains a trickle of  bank owned property coming onto the market.  Click HERE to see Distressed Properties currently for sale in Teton County.

Distressed.2013

Investment Property Sales: Overall, the sale of investment property in Teton County increased throughout 2013. Investment property is defined as property that can legally be short term rented and is concentrated in areas such as The Aspens, Teton Village and near Snow King Resort in the Town of Jackson. Interestingly this type of property experienced more sales near the beginning of both the summer (May) and winter (Nov) tourist seasons suggesting that investors were planning to benefit from Jackson’s two busiest seasons. Recent improvements made to both Teton Village and Jackson Hole Mountain Resort and Snow King Resort may also help explain the increased interest and real estate activity for these property types. Click HERE to see short term rental/investment property currently for sale in Teton County.

InvestmentSales2013

Average Days on Market: The average days a property sits on the market before selling can tell us many things about the speed of absorption, the level and quality of inventory and the motivation of both buyers and sellers. When inventory levels are low (i.e. not many properties on the market) we tend to see sales of property that has been on the market for quite some time as buyer’s options decrease. On the other hand, when inventory is low well priced properties can be snatched up quickly (and not be on the market for very long at all). From the chart below, we can understand that during months when sold properties spent a longer time on market before selling, these properties were selling at more of a discount (or a lower Sales Price to List Price ratio). Conversely, when the monthly sales had a lower average of days on market before selling, buyers were receiving LESS of a discount (or purchasing at a HIGHER Sale/List Price ratio).

DOMvList.2013

Inventory by Price Point: Earlier this year I analyzed how the available inventory levels (and pending sales) compared to actual closed sales, based on various price points. When we look back on 2013 as a whole, a few trends emerge. There were 440 closed sales in Teton County in 2013 (excluding land sales and fractional sales). Currently there are only 230 properties available for sale, or about a 6 month inventory. Property sales in 2013 were spread somewhat evenly across various price points (Under $500,000 / Between $500,000 – $1 million / Over $1 million – See Chart below.) This is also in contrast to available inventory, where the majority of properties (59%) are priced over $1 million despite this price point accounting for only 30% of 2013′s sales. Conversely, properties selling for under $500,000 made up 36% of all property sales in 2013, however only 12% of the current available inventory is priced under $500,000 (29 properties to be exact).

Inventory.2013

 

Please also consider following me on social media for Monthly Market Updates and up-to-date market statistics, Hot Picks and real estate news and trends.

                 follow-me-on-google-plus

Market Focus: Sales of Investment / Vacation Property increase as Winter Ski Season approaches

The month of November experienced a higher than usual amount of sales of investment property, or properties that allow short term rentals. Most of these sales were concentrated in areas associated with vacation rentals, such as The Aspens, Teton Village and near Snow King Resort. On average, roughly 6 of these types of investment properties sell each month. Last month, 12 investment condos sold in Teton County, the highest monthly sales this year (see chart below). The approaching winter ski season (and the lucrative rental income associated with it) may explain the spike in sales this past month. The month of May also experienced higher than usual sales of investment property, most likely for similar reasons as owners hoped to cash in on the summer tourist season.

InvestmentProperty

Interestingly, of the dozen sales of short term rental property this past month, 6 of those sales occurred at or around Snow King Resort. Snow King Resort was recently purchased by JMI Realty — a subsidiary of an investment company owned by the John Moores family, of San Diego. The new owners are in the midst of a $20 million renovation of the resort which includes updates to the hotel and conference center, a new restaurant (Hayden’s Post), and upgrades to the exterior of the property. Based on the high amount of sales this past month, it appears many investors are taking note of the improvements and are expecting increased property values and rental income as a result.

SnowKingRenovations

Renovated Snow King Hotel Lobby

CURRENT INVENTORY AT SNOW KING: Currently there are 7 condos/townhomes available for sale near Snow King Resort. Six of them are located in the Love Ridge / Grand View development located just east of the Resort (pictured below). These units were built in 2003-2004, each include 3 bedrooms and range in size from 1,800 – 1,900 square feet. Owners of these condos also enjoy all the amenities of Snow King Resort. There is an older Pitchfork unit (built in 1991) also available for sale with 3 bedrooms and a detached garage. Click HERE to view all available Snow King listings.

GrandView

Grand View / Love Ridge Condo Development

 

Please also consider following me on social media for up-to-date market statistics, Hot Picks and real estate news and trends.