It's Dumping in Jackson Hole again!

There are many of reasons that make Jackson Hole the best ski resort in America, and one of them is that, comparatively speaking, no one skis here.  Take a look at the photos below: They were taken on Wednesday February 15, 2012 at 1:40 pm.  6" new the night before (14" in 4 days) bright blue skies and temps in mid 20's.  Ideal conditions yet no one is in the lift lines.  The truth is there are many times on any given day where there are so few people around you, it feels like you're all alone.

I saw this quote by Warren Buffet recently.  I could not agree more...if you can get a loan.

This is a promising forecast...and judging by the snow piling up, very accurate!

Real Estate:

Not counting the 30 or so fractional ownership products for sale, there are 8 listings in Teton Village for under $500,000.
The least expensive in TV is $220,000 for a 560 sq. ft Studio condominium.
Another of note is a 782 sq. ft. 1br condo in Hotel Terra listed for $384,700.   That's $491 per sq. ft., which is a pretty good deal.  Keep in mind these units peaked at around $1,000 per sq. ft. back in 2007. It is worth noting that the annual HOA dues for the Hotel are about $14,000.  With that you get full use of all the hotel, which is very nice.

There are 7 residential listings in Teton Village being offered for over $5,000,000.
The most expensive is a 7br/7ba  23,250 sq. ft. house on 10 acres, stocked ponds, 4000 bottle wine cellar, 1200 sq. ft gym, guest house etc.. listed for $29,500,000.  That's $1260 or so per sq.ft, which is about what the condominiums at the Four Seasons are selling for.  Granted the economies of scale are not quite the same.

There are 9 condominiums in the Aspens for under $500,000.
The least expensive is a 1br/1ba 735 sq.ft for $265,000
The least expensive 2br/2ba 1174 sq. ft unit in the Wheatgrass building for $379,000 (I think this is a pretty good buy).

A couple notable recent sales:

1br/1ba Condo at the JHRC, listed $289,000,   Closed $240,000
3br/2ba 1200 sq. ft condo in East Jackson, 1 car garage, Listed for $314,600, Closed for 314,600 (clearly there was a big demand at this price).
4br/4ba 3700 sq. ft single family home in Melody Ranch, .5 acres, built in 2004, Listed for $850,000 (originally listed for $1,100,000) Closed for $825,000.

Pitchers and Catchers are in camp, opening day is 6 weeks away!

As always, call me at 307-413-7118 if you have any questions at all