Christy and I did a little statistical number crunching and we found that in the past month (since June 1st) there have been 103 price reductions which reflects over 10% of the active inventory. The reductions have been quite extensive as they have averaged almost 20% from the original listing price. Most of the reductions have taken place between $500K - $1.5 million (64).
On a market overview Christy and I see excellent deals in the $600,000 to $1,100,000 range and also in lower end condos at The Aspen's.
Currently there are around 815 active listings in the Teton Board of REALTORS MLS which represents an increase of 40% over last year and 105% over 2007.
For more information on the current real estate environment in Jackson Hole please do not hesitate to call us at 307-739-8056 or email us at garth.gillespie@sothebysrealty.com.
Currently there are around 850 active listings in the Teton Board of REALTORS MLS.
For more information on the current real estate environment in Jackson Hole please do not hesitate to call us at 307-739-8056 or email us at garth.gillespie@sothebysrealty.com.
ZIP Code: 83001 Approximate Location Boundaries: Valley wide
Location Characteristics: The Jackson Hole Market Report consists of data from the Teton County Board of Realtors MLS. The areas included are Teton Village, Wilson area, areas in the Westbank, Spring Creek Ranch, the Town of Jackson, South of Jackson and North of Jackson.
About Christy and Garth Gillespie:
After over 10 years of being in the Jackson Hole real estate business, we have to say that real estate is a passion for the both of us. We love the complexities of “putting the deal together”, we love introducing new individuals to the many unique qualities of the Jackson Hole lifestyle, we love working with friends in assisting them in making one of their most important life decisions, we love learning about the history of Jackson Hole. We feel blessed to live in the beautiful Jackson Hole valley and enjoy the lifestyle that we have.
What have we learned so far after 10 years in the real estate business? That taking care of people never goes out of style. That, in spite of all the technology and readily available information on the internet, real estate is a people business. And people almost always crave the personal touch. They have access to all of the information they want but they do not have the knowledge. They still look to us as the experts that can help them decipher the information, provide local “insider” perspective, use our wisdom to give them sound advise, and consult and steer them through complex transactions in a smooth and stress free manner.
It’s also all about integrity. We would rather advise a client not to buy something than to see them months later having made the wrong decision. By putting our customer’s interests first, we are able to build life long relationships rather than focusing on “doing the deal” and selling real estate just one transaction at a time. We have learned that if you truly care about people and take care of them, the rest will follow and our success is inevitable.
Christy started in Jackson real estate over ten years ago, but had her start in the crib. Both her parents owned a successful real estate company in Naples, Florida and she literally grew up in the business. Her aunts, uncles, and other family members all worked in real estate. Her love for the mountain lifestyle became evident during her family vacations to Lake Tahoe and Vail, Colorado. Soon she was heading off to college at the University of Denver where she met Garth.
Garth originally from Milwaukee, WI gladly chose the Univ. of Denver and never looked back East, except to watch the Green Bay Packers. He fell love with the West when he was young—many family vacations to the C Lazy U dude ranch in Granby, Colorado planted the seed. John Muir said it best, “The Mountains are calling and I must go.”
We both graduated with degrees in business from University of Denver and headed to Vail, CO. in search of the perfect mountain town. During those years, Garth and Christy visited every mountain resort town there is and ultimately found Jackson Hole. Three years later, they were married in the Grand Teton National Park and knew they were destined to live here for a long time.
A little over 3 years ago Christy and Garth welcomed our first child, Jocelyn, to the world and to the beauty of Jackson Hole. With such an active lifestyle Jocelyn is quickly learning how to hike, bike and this winter looking forward to skiing. Christy and Garth live in a wonderful neighborhood, Polo Ranches, located on South Park and just built a guest house for Garth’s parents and our many friends and family to enjoy.
To learn more about Jackson Hole please do not hesitate to call (877-739-8056) or drop us an email.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
