2007 was a record year for the Jackson Hole real estate market, and even better one for Sotheby’s International Realty Jackson Hole Brokerage, which increased its local market share to 61.8% based on its sales volume contrasted against Teton County total sales as reported by the Teton County Assessor’s office.

Looking at the market as a whole, the total dollar volume of sales reported through the Teton Board of Realtors Multiple Listing Service (MLS) in 2007 rose 9.1% over 2006.  Even in the fourth quarter, a rocky period for the national real estate market, sale volume was up 5.6% over the same period in 2006.  Sotheby’s sales associates outpaced their competitors for the year, boosting the MLS sales volume in 2007 by 12.2%.  Based on the Teton County Assessor’s numbers, which include both MLS and non-MLS transactions, Sotheby’s associates handled 61.8% of the $1.055 billion real estate sales volume in the Jackson Hole region.  The company’s average market share for the past five years is now 58.2%.

As the result of agent’s efforts and enhanced support they receive, listings with Sotheby’s International Realty in 2007 resulted in an in-house sale nearly 60% of the time.  This was more than 50% better than the company’s nearest competitor – Real Estate of Jackson Hole.  Sotheby’s agents do 88% more transaction sides per agent and 83% more dollar volume than their closest competitor.

This story was written by Sotheby’s International Realty Jackson Hole Brokerage with contributions and editting by Garth Gillespie, sales associate. 

For more information on these statistics or if you have any questions about the Jackson Hole Market please feel free to visit JacksonHoleExperts or to call me at 307-413-5243.

Just Released….Well sort of.  Sotheby’s International Realty is proud to announce the release of the first few phases of Pine Glades on February 14, 2008.

Pines Glades will be located at the base of Snow King Resort on a total of 17 acres.  The location is just west of the Exhibition ski lift and is filled with thousands of mature Douglas Fir trees.  When Pine Glades is completed in the summer of 2009, it will consist of 27 free market town homes and 12 deed-restricted condominiums priced to be affordable for Jackson Hole’s working families.  As many have already heard, access to the development will be through a well lit spacious Alps-style tunnel from South Cache Street.

The town homes in Pine Glades will range in size from nearly 2,700 to 2,800 square feet, with three bedrooms, and three and a half bathrooms, and underground two-car garages.  The custom design features vaulted ceilings, large windows, an open floor plan and gas fireplaces with a stone chimney.  The developer, Dave Taylor, is locally known to build incredibly detailed and high-end homes through out the valley and Pine Glades is slated to have the same attention to detail as David’s custom homes.

The eco-friendly aspects of Pine Glades may not be as noticeable as the aesthetic qualities, but they’re just as important a part of Dave Taylor’s plans.  Pine Glades is on tract to be the first residential project in Wyoming to earn the U.S. Green Building Council’s LEED (Leadership in Energy Efficiency and Design) certification.

Pricing in the first phase ranges from $1,750,000 to $2,200,000.  The Gillespie Real Estate Team has full project packets available along with floor plans and standard and upgrade options.  Please call us if you would like to be one of the "lucky" ones to purchase in the first phases of Pine Glades.