Jackson Hole Market

Christy Walton, Wal-Mart Heiress And America’s Richest Woman, Lists Wyoming Estate For $12.5 Million

christy-walton-wal-mart-selling-wyoming-home-1This is an interesting article I recently read about the Jackson Hole estate recently listed for sale by billionare Christy Walton.


Christy Walton, the billionaire Wal-Mart heiress and richest woman in America, is selling her incredible Jackson Hole, WY-area home for $12.5 million.

Walton is the widow of John T. Walton, one of the sons of Wal-Mart founder Sam Walton. Christy Walton inherited her vast wealth when her husband, a former Green Beret and Vietnam war medic, died in a tragic airplane crash in Wyoming in 2005. She’s the richest woman in America, and Forbes also ranks Christy Walton as the #6 richest person in the United States and #11 on the list of global billionaires. The bulk of her holdings are in Wal-Mart, the massive retailer founded by her father-in-law Sam Walton and his brother James in 1962. She also owns a stake in solar panel maker First Solar. When she’s not doing philanthropic work, Walton resides in the picturesque Jackson Hole, WY-area. A longtime resident of the area, she has just listed her 2.45 acre luxurious and private estate bordering Ellen Creek with direct access to the national forest and Jackson Hole Mountain Resort.

An ‘architectural masterpiece,’ the fully-furnished home incorporates traditional alpine-style with European details, including imported stone pavers, 200 year old reclaimed oak floors, cathedral ceilings and hand-crafted Albertini windows.

Click here to read the entire article.

Auction Of Jackson Hole Estate Ranked In Top 3 US Ski Homes

BackgroundMainLandingPage-TetonVillage2New York-based Concierge Auctions is pleased to announce the July 12th auction Without Reserve of The Grand Teton Estate, ranked in the top three most spectacular ski homes in America by CNBC, just minutes from world-renowned skiing and snowboarding in the winter and unparalleled sightseeing, hiking and biking in the summer. Designed by premier Montana Architect Jonathan Foote, this rock and timber masterpiece is located on 10.63 heavily treed and very private acres near the base of the Jackson Hole Mountain Resort. The architecturally-stunning estate offers 23,250+/- square feet of living and would be impossible to reproduce with today’s building regulations. Originally offered for $32.5 million, The Grand Teton Estate will sell to the highest bidder.

“This auction represents a rare opportunity to secure one of the finest homes in Jackson Hole without the limitations of the current building size restrictions. Today, Teton County allows only 8,000 square feet of habitable living space in contrast to the over 23,000 square feet this estate provides,” stated Renner. “There is no other property in Teton County that offers what this property does — rare, expansive square footage on over 10 completely private gated acres, world-class amenities, and a premier location with spectacular views at the base of the Jackson Hole Mountain Resort.”

Click here to read the entire article.

Teton County No Longer Tops For Per-Return Income

The king has fallen.

Teton County no longer ranks first among U.S. counties for average adjusted gross income, according to a Syracuse University website that tracks IRS data.

In 2008 and 2009, the county was ranked No. 1 in the nation, but in 2010 it fell to 40th.

The average adjusted gross income dropped from $142,000 in 2008 to $120,000 in 2009. By 2010, the latest data available, income had fallen to $80,800, a precipitous 43 percent decline.

Click here to read the entire article.

Jackson Hole Wyoming 3rd Quarter 2011 Marketing Report

Affordably priced inventory is rapidly disappearing, at least in the single-family and condo/townhome segments of our market. Just three years ago, the idea of purchasing a single-family home in Jackson Hole for under $500,000, or a condo/townhome for under $300,000, was just a fleeting dream. Today, not only can this dream become a reality, but you also have multiple choices, and loan interest rates are at historic lows. Do not expect this to last much longer, though.Based on the current level of sales activity versus active listings, the opportunity to purchase an affordable home or condo/townhome in these price ranges will soon disappear.

Jackson Hole Real Estate Numbers Provide Mixed Picture

As Jackson Hole real estate people review the first half of 2012, they see positive signs but are also cautious because the small number of sales makes statistical trend-spotting chancy.

In a recent blog entry, Victor Raymond, of Sotheby’s International Realty, focused on Multiple Listing Service reports that show sales up in May and June compared to 2011. At Jackson Hole Appraisals, Andy Cornish said in an interview his preliminary figures for the first half of the year show sales close to stagnant, or up slightly compared to the first half of 2011, but prices down.

Second-quarter MLS numbers showed unit sales up 25 percent compared to 2011, Raymond wrote. Average sales prices for the three months rose close to 9 percent compared to the same period last year, increasing from $1.1 million to $1.2 million.

Increased sales are good, Cornish said, but that’s not the whole story. Click here to read the entire article.