Jackson Hole Real Estate Blog

Took a tour of Shooting Star this week and you can't help but be very impressed. The Course itself (Opening July 2009) is just plain beautiful and will play very difficult from the back two tee boxes. The Clubhouse, which probably will not open until Fall 2009, is very well thought out and will have just about every amenity a member could dream of. Certain parts will be open to the public, including the dining room and spa facilities and I'm told there will be tee times for locals on Tuesdays. I have no idea what the price for 18 holes will be.

Took this picture at the first annual Jackson Hole Music Festival this past weekend. It was a great event and with an average of 4000 people per day, it looks like it will be back next year, which is a good thing.
The Jackson market is soft. Any real estate agent who tells you differently is either lying, lucky or named John Resor (just kidding…..sort of). However, there is no reason to think that the Jackson market won't comeback, even stronger in the near future. I'm not sure the same can be said for Teton Valley. The big difference, in my opinion, is that there are a lot believers in the Jackson market. A lot of very wealthy believers… They may be sitting on the sidelines now, but they are there… waiting and watching. I'm not sure how true that for Victor and Driggs, etc.. And unlike the other side of the mountains, in Jackson, there are real physical boundries in all directions that limit how far the Valley can be developed. Teton Valley is effectively endless. The problem for a lot of buyers is trying to figure out when the market will hit bottom. Unfortunately, as my friend Stuart pointed out the other day, you only know when the bottom of the market hits about a year after it hit…then you can look back and say “that was the bottom”.

Speaking of believers, a good source has told me that 9 acres in Teton Village that includes part of the upper parking lot and the skiier bridge, is under contract, with $3,500,000 already non refundable, for $93,000,000. NINETY THREE MILLION! Apparently a large hotel/condo/ retail development has been penciled in… NINETY THREE MILLION! Clearly, there are some people betting, and betting big, that the market will come back. If it closes, that should help the JHMR pay for the new Tram, which looks cooler and cooler every time I see it. Speaking of which, this is a good little piece to get you excited for December.

Speaking of non believers, a friend at a local bank told me 30 properties in Teton Springs are in foreclosure. Thirty! Not too surprising when you consider that if you add the vacant lots and built properties together, there are over 235 properties for sale in Teton Springs. That being said, if you have some cash sitting around, it’s probably a pretty good buy. The golf course at Teton Springs is just too nice for it not to come back eventually.

Do you think the Red Sox will someday wonder how they traded a guy (and two prospects and paid his entire salary) who will probably wind up as the best right handed hitter of ALL TIME for a Jason Bay? History is not going to kind to them on this one.

Speaking of baseball, this story is a joke. Kicking a nine year old out of the League for being too good? That sends a great message to the rest of the kids. ” Don't worry kids, when life gets to hard, someone will come in and get rid of the people who are better or smarter than you”. Where have you gone Kelly Leak, our nation turns it’s lonely eyes you!

What’s with Connecticut sports anyway? A few years ago they enacted a rule that suspend any coach if his high school football team won by more than 50 points. Brilliant. Whatever happened to learning life’s lesson’s from sports? Nothing teaches you a little humility like getting your a** kicked by another team when you're 16 years old. Makes me kind of embarrassed to be be from the Nutmeg State. First the Whalers, now this.

Real Estate:

There are 62 properties for sale in Wilson, both north and south of Hwy 22, but not counting the Aspens or Teton Pines.

There are 82 places in town for sale listed between $450,000 and $800,0000.

Last summer for the months of June, July and August, 124 properties went under contract. 35 in June, 52 in July, and 37 in August. This summer, for the months of June, July and August, 61 properties have gone under contract. 24 in June, 27 in July, and 18 in August. Granted these numbers do not reflect all the transactions that never make it into the MLS or sales where RE Agents have been slow to enter the information. That being said I feel the percentages are pretty telling and probably accurate. There has been 50% less activity this summer than last.

4br/5ba in Teton Pines, 4300 sq. ft., built 1997, 1.46 acres. Listed for $3,750,000. Under Contract

6br/4ba 4780 sq. ft. In Indian Trails, .42 acres built in 2006. Listed for $2,385,000. Under Contract

6br/5ba in the Aspens, 4500 sq. ft., 1.46 acres, built in 1979, Listed for $2,495,000 CLOSED for $2,225,000

5br/6ba 7600 sq. ft. house in Tucker Ranch, on the lake, built in 2003, great Teton Views, 6 acres, Listed for $9,200,000,

CLOSED $9,000,000.

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I found this article with a pretty pessimistic view on the real estate market in Driggs and Victor.

Teton County is facing a housing crisis that threatens the very fabric of this community yet the Town and County want to spend $52,000,000 on a new jail. Really??It’s a JAIL!! And oh by the way, it’s located on one of the most expensive pieces of real estate in Jackson.  Did I mention IT'S A JAIL!!!
Sad to see the Chef’s Table announce it’s closing it’s doors at the end of the summer. It just shows how hard it is to make a small business work here.

Speaking of small businesses, I heard Pearl St. Bagels sold. Apparently three employees bought it. Not sure what the price was though.

Yesterday was the 25th anniversary of the famous “Pine Tar” game involving George Brett and the Yankees. And while Brett was/is the greatest hitter I've ever seen, he’s also remembered as this little outburst which redefined arguing a call ( Hearing Phil Rizzuto’s voice also brings me back to a simpler time when listening to Yankees games on the radio was really ALL that mattered)

The Boy Scouts have arrived!

A Tunnel? On Snow King? How did this happen? Why wasn't I, or anyone else paying attention. Anyway, here’s a picture of the work so far.

Spent the day over in Driggs on Saturday. After working through the number of “For Sale” signs in the area, we had a great day at the Links, a $50 round course (with cart) located just outside of Driggs. I'd forgotten what a nice/challenging course it is, and the atmosphere is really great. Then we went to the Warbirds Cafe at the Driggs Airport, which lived up to it’s name as we saw a bunch of vintage aircraft flying around, including this 1950’s Russian MiG. Kinda cool.

Real Estate:

Studio condominium at the Teton Mountain Lodge, 410 sq. ft., listed for $565,000

.16 acres in East Jackson Listed for $649,000

3br/1ba in Rafter J, .26 acres, 1030 sq. ft. built in 1981, Listed for $649,000

.17 acres in Wilson, located in the new Wilson Park subdivision, Listed for $699,000

.17 acres in East Jackson, zoned AR, next to Mike Yokel Park, has a structure that must be demolished, listed for $875,000

4br/3ba Moose Creek free standing townhouse, 2400 sq. ft., ski in/ski out, 1 car garage, Listed for $3,100,000

5br/5ba, 4300 sq. ft. about 3 miles South of Wilson, 5.5 acres and spectacular views, built in 1990, Listed for $5,300,000

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I found this article from the San Jose Mercury Times about the summertime in Jackson

Went out to the Village yesterday to visit the Couloir restaurant at the top of the Gondola. When you get up close to the new Tram building, it’s huge, as this picture illustrates. The other picture shows the progress on the Shooting Star golf course. Apparently, tee times will be available every Tuesday for locals and non members.

Anyone who has visited any of the resort properties around the Valley has certainly noticed the unusual amount of Eastern European employees. Every year there seems to be more and more, especially in the summer when they can they can get 5-6 month work visa’s and are on a break from school. The employers love them because, by and large, they are very polite, show up on time, and compared to many college kids, WANT to work…a lot. I'm beginning to think too that many are staying here, both legally and illegally, and we are going to start to see a Eastern European community begin to grow here, much the same way the Hispanic community began here 25 years ago.

Real Estate:

From 7/4 - 7/14 there were 46 new listings in the MLS for the greater Jackson area. 5 listings went under contract during that same period.

From 7/4 - 7/14 there were 30 listings in the MLS that lowered their price. 1 listing raised their price during that same period.

4br/3.5 bath house, 3100 sq. ft. 5 acres North of Town, Listed and CLOSED for $2,985,000. On the market 1 day.
3br/2.5 bath, 1300 sq.ft. Creekside condo in town, 2 car garage, Listed for $685,000, reduced to $655,000, CLOSED for $640,000

2br+loft/2bath Aspens condo in the Berry Patch, good shape, Listed for $798,000, reduced to $710,00, CLOSED for $695,000

4br/3ba 3200 sq. ft house in Melody Ranch, built in 2004, 2 car garage, Listed for $1,289,000 CLOSED for $1,250,000. Not on the market very long.

There are 14 active listings in Melody Ranch

There are 20 active listings in Rafter J.

For most of the areas in the Valley, it’s definitely a Buyer’s market folks.

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Here is an article I found regarding the improving wireless service in Jackson.

My friend Alex Walker, pictured left,climbed up and skied the Grand on Thursday, June 19. Alex is also on the far left in the other picture, taken 48 hours later, at the summitt of Bald Mountain, a 4700′ climb to start a 80 mile bike race down in Evanston. And, yes, he smoked all of us up the climb. Pretty impressive.

The little bluetooth earpiece that make you look like an extra at a Star Trek convention really has no place in the public domain.(Pruett, Vaughn, are you listening?) Your car? Maybe. But to see people walking down the street appearing to be carrying on like some deranged Red Sox fan, still complaining about Knoblock’s phantom tag on Jose Offerman during the 1999 ALCS, talking out loud with their hands, then to only them turn their creepy little head to reveal the ultra dorky ear piece. It’s just not OK. Save it for the car. The windows are tinted, sometimes theres a glare, and there is a functional advantage that theoretically both hands are now free to hold the wheel. (the reality is you now have two hands to send a text, change the CD, flip off the people on BOTH sides of the car, all while steering with your knees).

Real Estate:

.9 Acres in Wilson Meadows, closed for $1,200,000.

2br/2ba condo on Millward St, 1006 sq. ft., built in 1994, 1 car garage, Listed for $553,000 CLOSED $545,000

4br/3ba Home north of Town, great teton Views, 4.5 acres, 5745 sq. ft. built in 2000. Originally listed for $6,300,000 , reduced to $5,450,000 , CLOSED $5,000,000. On the market for over 1000 days.

2060 Town House on East Kelly, built in 2005, 2 car garage, Originally listed for $945,000, reduced to $885,000, CLOSED for $875,000

3br/2ba Clarks Knoll condo, short term rental possibility, 1622 sq. ft., Listed for $710,000 CLOSED for $690,000

3br/3ba 2110 sq. ft. Spirit Dance Condo located at Spring Creek, with all resort amenities and short term rental possibilities, spectacular views of the whole range, Listed for $2,400,000, CLOSED $2,400,000

2.3 Acres on Upper Cache Creek, can be split into two homesites, Listed for $1,995,000, CLOSED $1,847,500

.86 Acres in Downtown Wilson, commercial zoning, Listed for $1,400,000, CLOSED $1,300,000

Have a great 4th.

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Saw this Bear hanging out off the Moose-Wilson Rd.,while on a bike ride last Sunday morning. And this fox on the course at Teton Pines that same afternoon.

Here’s an interesting article about the rising airfares in the area.

I was up at the Village yesterday and took these pictures of the new Tram Building and the actual cable that is going to pull the cars up and down. It’s amazing how thick the cable is. Putting the cable on the towers is not going to be easy.

Speaking of which, all of us have been bemoaning the cold snowy weather we had this spring, but we had it easy compared to the poor guys working 6 days a week trying to get the Tram built in time for a December opening. If yo thought the weather was bad on the Valley floor, imagine what it was like up at 9000′ trying to put a 100′ tower together. Misery.

It looks like the spring/summer run off is finally peaking. I'm guessing that it will be July 25th or so when the Snake finally clears up and becomes fishable.

It was sad to hear about the death of George Carlin. These days we need people who can make us laugh more than ever. (”I am” is reportedly the shortest sentence in the English language. Could it be that “I do” is the longest sentence? )

Real Estate:

I'm going to say what most Real Estate agents do not want to say. Certain parts of the market in Jackson are slowing down. Granted, the Buyers, and the money, usually shows up a little later in the summer, but there are some signs that tell me this summer might be a little slower than most for residential sales. (the commercial building is going crazy, both in town and Teton Village) Consider the following:

There are 54 listings in the MLS for properties located within the Town of Jackson betwen $450,000 and $800,000. Last year at this time there were about 15, on a good day.

There are 21 listings for sale for under $5,000,000 (lowest is $784,000) within a 3 mile radius of Downtown Wilson. This is unprecedented for Wilson. This does not count Teton Pines or the Aspens. It’s my feeling that many of these are overpriced and Sellers who are will to give a little on their prices are probably the ones who will sell their properties.

Speaking of Teton Pines and the Aspens, there are 42 listings in the MLS for these two areas, 29 in the Aspens alone

Teton Village is a an interesting situation. There are 56 places for sale in Teton Village and that number will probably go up as the second phase of Hotel Terra come on line as well as when the Golf Cabins at the new Shooting Star golf course are finished. I suspect a lot of those owners will try and flip them as soon as they close on them. However, all or most of the Golf Cabins, at around $4,000,000 or more apiece, have been spoken for. Interestingly, when talking to people in the hotel/rental business in Teton Village, they will tell you the demand for condo rentals and hotel rooms over Christmas/New Years is very, very high. (read: book now, especially airline tickets) I have to believe this is due to the buzz surrounding the new Tram and that last year we just had an incredible ski season. That makes me think that with all the press the new Tram is going to get this fall, combined with the new golf course (which looks really, really nice), prices in the Village to see a bit of a spike again. I do believe that all the potential that people have seen in Teton Village over the past 15 years or so, is finally going to be realized. That being said, the Teton Village that many of us have known(and loved) for all these years is probably being shown door. The change began when the Four Seasons opened it’s shop 5 years ago and things, I believe, are really going to accelerate over the next few years. Whether it’s good or bad is open for debate, but the fact that it’s changing, and changing fast, is not.

Looks like the Yankees are finally getting a little traction and the Red Sox have found the quicksand. What a shame.

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I find Rachel Ray as unbelievably annoying as the next guy, but this is just ridiculous. Why can't FOX News to something productive, like turn the camera’s off.

Anyone whose ever bet on sports can appreciate this. Last night during game 5 of the Lakers-Spurs playoff series, the Lakers have the ball with a couple seconds left and a five point lead. The game is effectively over. The spread was Lakers -7.5 pts. Instead of just running out the last few seconds of the game by holding the ball, for no apparent reason Sasha Vujacic of the Lakers throws up a uncontested 3 point shot and…makes it as time expires. Final score Lakers 100- Spurs 92. According to sources in Vegas, that pointless shot affected about $100,000,000 in bets. If you took the Spurs +7.5, this is the type of event that makes your head explode.

I'm wondering if Sasha bet on his own team…

Took these pictures on a bike ride out to Slide Lake on Sunday

This is a pretty big story for sleepy little Wilson.

Local writer Lauren Whaley writes in Freeskier Magazine on the status of the new Tram being built in Teton Village.

Real Estate:

3br/2ba Elk Run condo, 1600 sq. ft, 2 car garage, built in 1995, Listed for $725,000. Not a bad deal for the size.

3br/2ba Aspens condo, built in 1972, 1200 sq. ft., 1 car garage, Listed for $959,000

4br/3ba house on .5 acres located on Coyote Loop in Wilson, Built in 1978 but remodeled. Teton Views and borders 60 acres of land. 2 car garage. Listed for $1,350,000

1.46 acres in Stilson Ranch (Wilson) listed for $1,450,000

3BR/2BA Moose Creek condo, 2200 sq. ft., ski in ski out, Listed for $1,950,000 , UNDER CONTRACT in 3 days.

.58 Acres in Granite Ridge listed for $3,475,000. Sort of Ski in /ski out

4br/5ba 7200 sq. ft House on Esther Way in Teton Village, not ski in/ski out but close, .65 acres, built in 2002, very nice. Listed for $7,200,000

2br/2ba Aspens condo, 1200 sq. ft., no garage, Listed for $895,000 UNDER CONTRACT

3br/2ba Teton Shadows condo (near JHG&T) 2000 sq. ft., Listed for $699,000 UNDER CONTRACT

4br/5ba Granite Ridge Lodge unit, ski in ski out, 4200 sq. ft., Originally Listed for $4,650,000, reduced to $4,275,000, CLOSED for $3,995,000

Sleeping Indian studio, 464 sq. ft, walking distance to the Moose Creek lift, Listed for $429,000, CLOSED $429,000

.68 Acres in Melody Ranch, Listed for $639,000, CLOSED $639,000. On the market for 345 days.

Lastly, there are 45 listings in the MLS for properties in the Town of Jackson listed for between $450,000 and $800,000. That is a ton of inventory for us.

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I took this picture from the plane as I flew back into Jackson on Sunday evening. One of the great things about leaving for the weekend is how excited I am to be back!
Here’s the latest on the affordable housing crisis facing us in Jackson. The funny thing is, everyone seems to nod their collective heads when asked if there is a housing problem in Jackson, but nothing substantial seems to get done.

Saw this picture in the SLC airport this week. The JHMR is really making a push to have the new Tram be THE event of the 2008-2009 North American ski season. I think it’s a good strategy, and they just might pull it off. If mother nature co-operates the way she did this winter, it could be a bonanza. Forgetting on mountain amenities for a second, I think it’s understood among the skiing public, that when the snow is good, there’s not a ski area in the country that comes close to comparing to Jackson.

This is an good piece in the Planet about the effects of the gas exploration in the Pinedale area. And it doesn't even touch on the flourishing meth business, a drug so nasty, it makes you yearn for the good ‘ol days of cocaine addiction.

The latest Indiana movie “Indiana Jones and the Magic Flying Skull” or whatever it’s called, opened last night. I'm not really sure what makes me feel older, the fact that the hero is 65 or that it was 27 years ago that we first saw Indy, Marion and the rest of the gang. Nonetheless, if you're between 30-60 you have to go see it. Have to. And while the reviews have been lukewarm, I guarantee it will be better than any of the last 19 Star Wars movies.

Finally, from Bill Simmons’ latest column for ESPN:

” All right, I'll ask: How come it took three seconds to euthanize Eight Belles, but the WNBA is starting Year 12?” Amen.

Real Estate:

3br/3ba 2400 sq. ft condo on North Millward where the old White Buffalo Club used to be, top floor, Listed for $2,000,000 . Great location. Includes membership to Club Lespri, whatever that means.

2br/1ba, 752, sq. ft. condo in the Aspens, good shape, Listed for $720,000

1br/2ba 912 sq. ft. at Hotel Terra in Teton Village. Mountain side, 2nd floor, Listed for $1,250,000

3br/3ba 3800 sq. ft., 1.12 acres on Coyote Loop, no garage, remodeled in 2007, Listed for $1,650,000

68 Acres at the end of Fish Creek Rd. with a 4br/4ba 5100 sq. ft house ., built in 1995, Listed for $11,865,000, CLOSED for $9,750,000 (about 81% of asking price)

4br/4ba Cluster Home in Teton Pines, 4300 sq. ft. built in 1997, Listed for $2,650,000 , CLOSED $2,500,000

3br/1.5 bath, .21 acres, 1400 sq. ft., 2 car garage in Cottonwood. Listed for $759,000 CLOSED for $749,000

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I've said before the state of air travel in this country is abysmal, but this really beyond comprehension. So…..my question is… when someone had to use the bathroom, did this guy give it up? (and then go back!)

Just so we're clear, no male, over the age of 9, should ever, EVER, be seen in public wearing Crocs.

And I'm not the only one…

And while we're on it, emoticons are not ok for men to use in any form of communication..ever.

The above picture is what we woke up to on May 10. Kind of a bummer, but made for a great sunrise

I got a shout out from the JH News and Guide this week (page 10) about financing being the issue for the project on Scott and Snow King being iced. The developer says that is not the case. I stick by my sources and still say they couldn't get financing without personally guaranteeing it.
Real Estate:

3 Acres in Wilson, no CC&R’s, Teton Views, listed for $1,750,000. Was purchased in January for just under $1,500,000.

4br/3.5 bath 2400 sq. ft. .50 acre lot, Teton Views, brand new, very nice, Listed for $1,995,000. Seems like a lot until you pencil it out and it’s actually priced pretty fairly if you assume the developer is entitled to a profit. Scary.

2br/2ba Berry Patch condo in the Aspens, 1100 sq. ft. Listed for $715,000, Under Contract in 2 days

3 town size lots with an older house located on East Karns, Listed for $2,900,000

4br/4ba Cluster Home in Teton Pines, 4308 sq. ft, built in 1997, Listed for $2,650, 000 Under contract

16 Acres in Wilson on Phillips Ridge, Listed for $3,200,000, Under Contract in 8 days

2br/3ba 1360 sq. ft. Crystal Springs Condo in Teton Village, Top floor, fully furnished, Listed for $1,575,000 CLOSED for $1,475,000

2br/2ba Eagle Village condo in Town by Smiths, 1313 sq. ft. Listed for $645,000 CLOSED $645,000

I'm off to bid my final respects to the old Ballpark in the Bronx. The new Yankee Stadium opens next year. Bring It On!

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From the top of the ” I have way too much time on my hands” list, check this out (Courtesy of my Dad)

The Snake River by the Wilson Bridge finally turned green/brown today. I don't think it’s going to fishable again until mid July. According to the Raymer plot measurement, there is still 100″ base at 9300′. That’s A LOT of snow to melt.
Apparently, the 3.6 acre lot just south of the Tram Tower Condo’s , which includes part of the area you ski through to get to the Tram, VC etc. , sold for over $50,000,000. (yes FIFTY MILLION!!) I'm not sure if it’s true, but there’s a lot of rumors from different sources floating around. At that price for 3.6 acres, I have absolutely no idea what can go there to make it work. (I've also heard that those same Buyers are now focusing on a 5.6 acre piece that includes part of the upper lot and the land above it. Not sure which is true, but it’s all kind of interesting)
Here’s a shot of With the prices things are going for, I wonder how long the Elks Lodge, on the corner of Broadway and Jackson, can hold out.

It looks like Teton Meadows is dead. The moratorium was the final nail but I was told the developer was going to let the contract expire anyway. It’s too bad because I thought there were some good ideas there but in the end I think it was a little too big and clearly the timing was wrong. Being an out of town developer certainly didn't help either. As for the moratorium, I personally think it’s kind of a cop out. If the commissioners feel a project is too big, or too dense or whatever, they can just say no. It’s not always easy, I know that, but that is their job. I give credit to Andy and Bill for voting against it. Anyway, it’s in place now, until the end of 2008 and probably beyond that. And if you don't think this is a shot across the bow against affordable housing then I don't think you're paying attention.

The people most upset about Teton Meadows cratering may be the publishers at the JH News and Guide. They pay a lot of bills with all the money Save Historic Jackson Hole spends in promoting no growth in their full page ad campaigns. Some people have suggested that the paper stirs the pot on these issues just to get some of that ad money. I don't think the paper would ever do that…

From last nights Dodgers-Muts game. Michael Jackson hangs his kid over a ledge, and he a psychopath, this guy puts his kid in harms way, a baby’s head is like an eggshell, and he winds up on Sports Center!

Real Estate:

A house in Cresent H Ranch lowered it price 20%. From $32,000,000 to $25,000,000. It’s just $7,000,000.

1br/1ba Meadowbrook condo, 650 sq. ft. Listed for $300,000 CLOSED for $300,000

Granite Ridge Lodge unit, 4200 sq. ft, ski in/ski out , 4br/5ba Listed for $4,600,000 CLOSED for $4,500,000

Granite Ridge Lodge unit 4200 sq. ft. ski in/ski out , 4br/5ba Listed for $4,500,000 CLOSED for $4,300,000

A cabin at JHG&T, 2200 sq. ft. 3br/3.5 ba CLOSED for $1,700,000

71 Acres on Spring Gulch Rd., amazing views etc., Listed for $16,000,000 , CLOSED for $16,000,000

4br/3ba 5000 sq. ft. house, built in 2001 in Wilson off Wenzel Lane, separate 2000sq.ft. library/office, 3 acres. LISTED for $4,250,000

15 acres on Phillips Ridge in Wilson LISTED for $3,200,000

3.1 Acres in Willowbrook, off the Village Rd., listed for $1,899,000

3br/3ba 3200 sq. ft. Blue Bell condo in the Aspens, 2 car garage, LISTED for $1,250,000

1br/1ba cabin in Wilson, completely remodeled, 560 sq. ft. , .18 acres. LISTED for $1,100,000. Really?

3br/3.5 ba Teton Pines Lodge unit, 2300 sq.ft., 1 car garage, Listed for $1,500,000 CLOSED for $1,475,000

450 sq. ft. Studio apartment on N. Millward, Listed at $389,900, CLOSED $379,500

.86 Acres zoned commercial in Downtown Wilson, next to the gas station, listed for $1,400,000 UNDER CONTRACT

As much as I hate to say anything positive about the Red Sox, I have to admit that Manny Ramirez is amazing. He’s sort of the John Nash of baseball.

And, it just broke my little heart to see “Crazy” Jon Papelbon get dinged for 2 runs in the bottom and the loss in the bottom of the ninth in last nights Sox’s game.
More soon…

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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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