The Gillespie Real Estate Team at Sotheby’s International Realty in Jackson Hole Wyoming has just updated the “Top Picks of the Week”. Please follow this link: Top Jackson Hole Real Estate Values to see the top values in the Jackson Hole real estate market. Every week or so the Gillespie Real Estate Team will update the Top Picks to showcase great deals in Jackson Hole including townhomes, condos, houses, golf course property, ranch land, ski-in ski-out properties and other great values we see in our real estate market. We also showcase a Listing of the Week, a Sold Property of the Week and a Price Reduction of the Week.

Don’t miss out on learning about the great values in the Jackson Hole Real Estate Market brought to you by The Gillespie Real Estate Team of Garth & Christy Gillespie, Katie Colbert and Don Alsted.

Cottonwood Flats are Jackson Hole’s brand new 2 and 3 bedroom townhomes. Offered by The Gillespie Real Estate Team, all townhomes include…

• covered front porch
• attached garage
• backyard
• hardwood floors
• large windows
• brand new appliances
• pet friendly
• limited common walls with other townhomes

 Cottonwood Flats are located in a great part of the town of the Jackson near the Middle School, next to the bus stop, and surrounded by the town bicycle and pathways.

The 2 bedroom townhomes are 1,068 square feet with 2 baths and a 1-car attached garage. The 3 bedroom townhomes are 1.600 square feet with 3 baths and a 2-car attached garage.

We host an open house every Sunday from 3:00 -5:00 pm or give us a call for a showing.

 Find pictures and more information @ http://www.jacksonholeexperts.com/cottonwood-flats-townhomes.asp

Construction Update:

Block I of Cottonwood Flats Townhomes is complete and includes eight 2-story townhomes. All units have been issued their Certificates of Occupancy and are ready for move-in.  Of the eight units, two of the townhomes (a 3 bedroom and a 2 bedroom) have been sold to the Housing Authority as Affordable Units**. Unit 2, a market rate unit with 2 bedrooms is now under contract. There are 4 two-bedroom units and 1 three-bedroom unit still available for purchase in Block I. Landscaping of Block I will be completed in early spring.

Construction continues on Block II of Cottonwood Flats Townhomes. Fifteen additional units (a mix of 2 and 3 bedroom units) will be completed this summer.  Many of these homes have direct views of the Grand Teton and views of the Jackson Hole Mountain Ski Resort. Homes are stick built off site by Stratford Homes in Idaho and then brought to the site and connected to the foundations and utilities.

 ** The town of Jackson requires 15% of every new development to be deed restricted affordable, which means they have limits on appreciation (usually tied to Denver CPI) as well as limits on the income of the families that purchase the units.

Here we are 2 days before a new decade! Christy and Garth Gillespie have been extremely busy this month which is a good thing. We are very excited about our new opportunity — we have been choosen to market a new development in the Town of Jackson – Cottonwood Flats Townhomes. This is an amazing opportunity for us and for the buyers in Jackson Hole.

Cottonwood Flats Townhomes will be a neighborhood consisting of 65 townhomes ranging from 2 bedrooms to three bedrooms and all of them offer garages and property. They will be brand new! This is a big deal — I just looked in the Teton County Board of Realtors Multiple Listing Service and there are 27 available “like” units for sale between $350,000 and $450,000. Do you know what the average age of those units are? 27 years old!

Stay tuned for more information. We will have a price list, development plan and property descriptions very soon.

Beautiful South Jackson Hole

The Top Real Estate Picks of the Week in Jackson Hole is a selection of properties Christy and I feel are well priced for our market and can be considered a Top Pick of the Week. We currently list 3 properties.

In new exciting news the Jackson Hole Experts contracted with our wonderful website designer to create the “Jackson Hole Real Estate Power Rankings”. Here we will start to rank the Top Ten Real Estate deals in Jackson Hole. This is going to be an exciting challenge as we have the opportunity to move properties up and down the list as new listings come aboard, current listings have price reductions or the real estate market changes in certain locations. Stay tuned as we will be getting the Jackson Hole Real Estate Power Rankings online in the next few weeks.

The current market is showing some signs of activity. Yesterday at the Sotheby’s International Realty – Jackson Hole Brokerage – Wednesday morning meeting multiple properties were announced as “pending-under contract”. The list included a condo at the Aspen’s, a vacant lot in the Jackson Hole exclusive neighborhood of Indian Springs and a small, older home in the Town of Jackson. This is great to hear!

For more information on Jackson Hole Real Estate please contact the Jackson Hole Experts toll free at 877-739-8056 or visit our website.

Convenient Living in the Heart of Jackson Hole

We are very excited about the opportunity to represent all segments of the real estate market in Jackson Hole. It is of course an honor to work with sellers of multi-million dollar listings and we work extremely hard to represent these properties but it is just as much of an honor to assist first time home buyers and entry level sellers in helping them take another step up in the market.

This particular property is located at 140 East Kelly, Jackson, Wyoming. It is about 500 square feet with a full kitchen and bathroom. There are laundry facitlities on the premises. New windows and doors, newer roof on the complex, updated appliances — it’s all here. Homeowner fees are very reasonable at $1560 and taxes were just above $1,000 in 2008. This building and price range qualify for the government stimulus credit of $8,000 (see previous posts for details) and also FHA loans (3-10% down).

Call us for details and and to learn more about the Jackson Hole real estate market – 877-739-8056.

Large 4 Bedroom Home in Melody Ranch

Below is some interesting information about this wonderful community.

Melody Ranch, just four miles south of the Town of Jackson, is a place of wide-open spaces, remarkable views and a strong sense of community. While residents appreciate the development for its close proximity to town and its natural beauty, they also love the fact that it feels like a true neighborhood, a place where people have chosen tomake as their year-round home in Jackson Hole.

Melody Ranch has deep roots in Jackson Hole history. In 1888, the area was settled as Cheney, one of the first townships in the valley. In the 20th century, an out-of-towner named Paul von Gontard visited the area as a boy and was so bowled over by the soaring mountains and grassy meadows that he later returned to establish a cattle ranch on the land. The main lodge and outbuildings from those days still stand, and their historic character is complemented by the design of today’s Melody Ranch homes, which are in the Western mountain and ranch styles, in natural earth tones.

As a planned residential community, Melody Ranch retains all the openness and close-to-nature attributes of its ranching heritage. Development started in 1995 in accordance with amaster plan that emphasizes preserving open spaces. Today, in fact, open spacesmake up 70 percent of the community.As Melody Ranch Development states, “Our philosophical approach is thatmaintaining these views and landscapes will enhance and protect what we value so highly – the freedom to live in, and appreciate, the wide open spaces of the hard-won West.”

Flat Creek, the water source for the haymeadows of Melody Ranch, still meanders through the development, and thanks to careful planning, the Teton and Snake River mountain views that made such an impression on young von Gontard more than 50 years ago can still be enjoyed in full. Cottonwoods, spruce and aspen dot the landscape and add a sense of privacy. Melody Ranch “has incorporated time-honored concepts of historic ranch development into its master plan, to preserve the open character of horse and cattle pastures and haymeadows while allowing native and natural vegetation to protect and shade its buildings,” the developer says. The development features manmade improvements that give residents a backyard playground. There are bike trails, trout fishing ponds, playgrounds and playing fields that make the development ideal for families with children. Schools, grocery stores, shops, restaurants and all the other amenities of town are within easy reach, as are Grand Teton National Park and Jackson Hole Mountain Resort. But at Melody Ranch, staying home is just as an attractive option as getting out to other parts of the valley. Great views are just the beginning.

For additional information or to set up a showing call Garth and Christy Gillespie – the Jackson Hole Experts at 877-739-8056.

The Jackson Hole Experts – Garth and Christy Gillespie and sales associate Don Alsted are excited about our real estate inventory at Spring Creek Ranch this summer. We have the pleasure of marketing 2 fabulous custom homes and one beautiful estate lot all with stunning views of Grand Teton.

Perched nearly 1,000 feet above the Town of Jackson on East Gros Ventre Butte, Spring Creek Ranch offers incomparable views of the Teton and Snake River ranges and Spring Gulch.

Once a part of the ranch operated by former Wyoming Governor and Senator Cliff Hansen, Spring Creek Ranch today is a popular resort community that provides a real sense of getting away from it all Western style. It’s a testament to the beauty of the location that Aman Resorts chose it for the company’s first property in North America, the Amangani.

Jackson, Teton Village and skiing at the Jackson Hole Mountain Resort are all within a quick drive from Spring Creek Ranch. But there are a variety of on-site resort activities to enjoy. The resort offers concierge services to homeowners, as well as tennis, swimming and a full-service spa. The activity that sets it apart from other resorts in the area is horseback riding, which is geared to people of all skill levels and ages. And with nearly 700 out of the property’s 1,000 acres preserved as open space, Spring Creek is a lovely place to hike and look for wildlife. The Granary restaurant is popular with locals as well as out-of-towners, as is the restaurant’s lounge, which offers jazz and piano music on some nights.

Spring Creek Ranch is one of the favorite view-oriented developments in the valley where short-term rentals are permitted, which makes it highly desirable for investment property.

The three listings we would like to feature are beloe with links. Please visit:

1996 Spirit Dance – Amazing setting at Spring Creek Ranch. Located on a large lot of 1.14 acres and bordering open space with obvious views of Tetons. The home is located on lot 11 of the Elk Dance Estates area of Spring Creek Ranch.

Overall description of the home: Sqaure footage is on two levels for a total of 3,956 square feet. The main floor (2,782 sq. ft.) includes 3 bedrooms – one of which is considered a junior suite, an office, dining room, living room, kitchen, entry, mudroom and storage. The 2nd floor includes the master bedroom and a media room. From the master you have one of the best views of the Tetons available in Jackson Hole. The master bedroom has a stacked stone natural gas fireplace. The master is complete with a comfortable master bathroom with jetted tub and rain shower, marble slab counter top and flooring and custom alder cabinets. The master closet – over 200 square feet – with washer and dryer setup.

The Alsted Home – Featured on the cover of Mountain Home Magazine, this luxurious 7,323 sq. ft. home located on Spring Creek Ranch exudes the warmth and richness of natural wood and stone. Its unique, long, angular design and placement of large windows allows spectacular views of the Grand Teton Mountain Range from all living spaces.

285 Calliope – Lot 47! This secluded 4.67 acre lot is one of Spring Creek’s best parcels. It features a large building envelope which has open, gentle sloping, undisturbed terrain. This parcel boasts views of the Grand Teton, a large aspen grove and the high rolling ridges of West Gros Ventre butte. This land has personality and is waiting for you to create your masterpiece.

Well let’s put that phrase in context – The Jackson Hole / Teton County active listing market is exploding! Yes – everyday there are more and more listings hitting the market and unfortunately not many of them are going under contract. There are currently about 845 active listings in Teton County, Wyoming. Previously the high was reached in October of 2008 so we have basically been drowning in listings for over 6 months.

When comparing today’s active listings to last year we see that in May of 2008 there were about 480 listings and if we look at May of 2007 there were only about 400 listings. The current inventory load will only continue the price pressure we are witnessing on the market. Transactions are taking place but in most cases we are seeing 20% to 30% discounts given from the high of the market!

Stay tuned as we are currently updating our Top Picks. For more information on the current market please call or email the JacksonHoleExperts – Christy and Garth Gillespie – Sotheby’s International Realty – Jackson Hole Brokerage. We are here to help and work everyday to exceed your expections.

Excellent Floor Plan with Beautiful Kitchen

2120 Lilac Lane

Here’s the full package at a great price in Cottonwood Park – Jackson Hole. Located on a quite street, near the schools and bike path, 2120 Lilac Lane is a fantastic opportunity to purchase a beautifully remodeled, large 3 bedroom, 3 bathroom home. The property is .18 acres of well landscaped yard and gardens with views of Rendevous Mountain and High School Butte. Be ready to be impressed by the interior. Recently remodeled and expanded the 2,100 square foot home is almost new. Beautiful hickory floors grace the main floor which includes the kitchen, the living and dining rooms and two bedrooms. The wonderful kitchen, highlighted by the granite and tile covered island in the center of the room, includes new appliances, high-tech lighting, cherry cabinets and pantry.

The master bedroom is located on the lower level and makes for a relaxing retreat. The master wing has a large walk-in closet, hydronic in-floor heating, big windows and a spa like bathroom. Double sinks, soaking tub, walk-in tiled shower and gorgeous maple wood cabinetry all highlight the master bathroom.

Additional features of the interior include: 2 living areas (game room, living room), a powder room, new lighting throughout the home and concrete flooring on the lower level. The exterior features include a huge 1 car garage with additional storage and climbing wall potential. A fenced-in parking area that is perfect for a drift boat or snow mobiles. A wonderfully laid out garden area which includes raised beds, a fenced back yard and a peaceful back deck.

Public water and sewer service. Low homeowners fees – $420 a year! Cottonwood Park has a storage yard available for owners to store “toys”. Irrigated yard.

Call us today! We are happy to show you this home. The JacksonHoleExperts can be reached toll free at 877-739-8056.

Christy and I are excited about a new property we listed in Hoback Junction. The home is value priced and should hit a price point many buyers can consider. The property is about .25 acres and has access from two roads – one paved and the other gravel. The exciting part of this home is that you can literally walk out your front door and be throwing rocks into the Hoback river within 100 steps. It is also very close to the confluence of the Hoback and the Snake River and the National Forest allowing a home owner convenient access to the outdoors! Rafting, kayaking, fly fishing, hiking all with in reach. The home is perfect for a first time home owner and has a big yard for a dog or two.

Front of Home

Back of Home

Outdoorsmans Retreat —

Your gateway to the outdoors at an affordable price point. Located just a short 15 min drive from the town of Jackson this 1, 235 sq ft home is just the place to hang your hat. Situated at end of a cul de sac, this 3 bedroom, 2 bath home has been recently remodeled & upgraded. Enjoy all day sunshine with south facing windows with great mountain views, mature landscaping and a large yard. Walk from the doorstep to the Hoback River and National Forest for great fishing, hunting, hiking, and biking.
Additional Information:
Large yard begging for a garden. Yard includes established, estate sized lilacs and evergreens. The deck is perfect for a hot tub. Washer and dryer are included. Community water system and individual septic. Located on a paved road. Just across the street from a local market. Includes water rights to Hoback river for sprinkler system. Ample parking with both front and rear entrance to house, wraparound deck.

For more information about this home or if you would like to have a visit please contact the Jacksonholeexperts – Christy and Garth Gillespie at 877-739-8056. Opportunity is knocking!