Jackson Hole Market

Jackson Hole Trust Saves 438 acres

The Jackson Hole Land Trust sewed up a conservation easement last week that will protect 153 acres on the Red Rock Ranch. The deal capped a big year for the trust, its leaders said. The property conserved last week, along the Gros Ventre River above Lower Slide Lake, is home for bald eagles, elk, mule deer, antelope, moose and cutthroat trout.

Land Trust Executive Director Laurie Andrews said the easement “protects ranging heritage as well as important, high-quality habitat and connectivity for wildlife up the Gros Ventre.” The property is one of six on which easements were secured during 2012. The trust’s efforts preserved 438 acres.  That’s a significant increase from last year, when the nonprofit organization completed easements on three properties, protecting 61 acres.

Land trust representatives also finished the third phase of its Flat Creek Corridor Project, a partnership between the trust and the town of Jackson that seeks to place about 40 acres under protection. Another two easements were put in place in the Bar B Bar Ranch subdivision, north of Jackson along the Snake River corridor. Those easements protected 97 acres in an area that is riparian habitat and part of a migration route for elk between Grand Teton National Park and the National Elk Refuge.  Last month, a company called Sacred Waters donated 5 acres at the B-Hive Ranch along Highway 390.  Aside from the flurry of end-of-the-year activity, the organization accepted a 181-acre easement in August on a property north of town along the Snake. It is also in the middle of planning a park on the banks of the Snake River, near the intersection of Highways 390 and 22. Land trust representatives, through a partnership with the LOR Foundation, closed on the riverfront property in December 2011. They hope to open the park, called Rendezvous Park, in fall 2013 or spring 2014.

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.