R E A L ES TAT E
Wednesday, September 10, 2014
N EW S
185 West Broadway Jackson Hole, WY (888) 733.9009 www. jhsir .com
®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates LLC. An Equal Oppor tunity Company. Equal Housing Oppor tunity. Jackson Hole Sotheby’s International Realty is Independently Owned and Operated.
HEAT OF SUMMER REAL ESTATE SALES HIT 101
LIFETIME AWARD FOR SPACKMAN Teton Board of Realtors bestows Lifetime Achievement Award by Staff Writers Sotheby’s own Dave Spackman received the Teton County Board of Realtor’s Lifetime Achievement Award Thursday, August 28, 2014 at their annual member luncheon at Teton Pines. Dave is only the third member to have been honored with the award in the Board’s history. Ed Liebzeit presented the award to Spackman after a moving speech describing his strong ethics, integrity and commitment to community, family and colleagues. “Dave brings the highest values every day to everyone he deals with” Liebzeit said. “He treats all of us as friends and colleagues and not as competition” he went on to say. See LIFETIME ACHIEVEMENT on 7
Prepared by Leonard Kleiman, the above graph demonstrates the active listings by price category at the mid year mark, according to the Teton Board of Realtors MLS.
Buyer demand keeps supply low
As of the end of June, listings had declined 15 percent from 2013, with a drop of 26 percent by Brian Siegfried, Associate Broker in the extremely vibrant market for properties priced below $850,000. As a result sellers are netting 96 percent of list price and seeing Almost as fast as Jackson Hole Realtors decreased days on market. placed “For Sale” signs on area properties this “I think we will continue to see an increase summer, the offers started flying. There were in demand for property ownership in Jackson 106 closed contracts in the months of July Hole within all segments of the market,” and August for a total sales volume of more said Christian Cisco, Jackson Hole Sotheby’s than $135 million, according to Teton County International associate broker. “Whether it Multiple Listing Service. be for our quality of life, vast public lands or While sales volume during the heat of the favorable tax climate, people want to be in summer increased approximately 20 percent Jackson Hole.” compared to 2013, unit sales actually declined by about 13 percent, due almost exclusively to the lowest inventory in the Jackson Hole region See HEAT OF SUMMER on 5 since 2009.
Dave Spackman, recipient of the Lifetime Achievement Award
THE TETON DIABLO RANCH - SPECTACULAR SETTING
At the foothills of the Wind Rivers by John Pierce, Associate Broker
The Teton Diablo Ranch is a lush oasis lying in the foothills of the spectacular and rugged Wind River Mountain Range near the town of Pinedale. Almost virtually surrounded by federal lands that comprise the expansive Bridger- Teton National Forest and Bridger Wilderness area,
this magnificent working ranch/retreat enjoys a private end of the road setting with excellent year round access. Only 10 minutes from the Pinedale airport and 15 minutes from the town of Pinedale, the ranch boasts a 6200 square foot custom stone/ timber/glass main residence with five bedrooms, six baths, a home theatre, wine cellar, Black oak walnut lined office with a fireplace, master bedroom suite on the main level, custom kitchen
and a magnificent setting on a commanding bluff that overlooks the ranch. Consisting of 14,400 acres of deeded, State and BLM lands, this balanced cow/calf operation supports 350 mother cows plus bulls, replacements and saddle horses. 700 acres of irrigated meadows and thousands of acres of grazing land span across this vast block of land cornered into 8 miles of Forest boundary. See TETON DIABLO on 13