For all you Jackson Hole real estate metric junkies out there, the winter and first quarter numbers are doing the talking these days and they tell the tale of Teton Village real estate on the rise…

Here’s a snapshot of first quarter results:

First Quarter Results Show Significant Gains in Teton Village Sales Activity
Teton Village saw a gain of 31.3% in unit sales, and an astonishing 82.4% surge in dollar volume. The average sales price for this area was 39% higher than the 1st quarter of 2013 with an increase of about $455,600. These properties spent 27.2% less time on the market than the previous year. After another record breaking ski season at Jackson Hole Mountain Resort, Teton Village area now leads the local real estate market in its upward trend.
West of the Snake River, including Teton Pines, Crescent H, and John Dodge, increased unit sales and sales volume. Unit sales were up 53.3% and dollar volume grew 5.6%.
Current inventory levels push the number of single family home sales downward, however, the median sold price is up over 20%, to about $980,000. Condos and townhomes saw a nearly 20% gain in both dollar volume and unit sales. Commercial and farm/ranch properties sales increased Q1 2014 compared to the previous year.

In other news in Teton Village- Teton Mountain Lodge is freshening up it’s look in all public spaces. Read more here:

  Psst…TETON MOUNTAIN LODGE & SPA LOBBY RENNOVATION UPDATE
Taking a cue from the fresh mountain lodge style recently adopted at the wildly popular Spur Restaurant & Bar (see photo below), the TML lobby is in the midst of an off-season rennovation. The entirely edited gathering place promises sleek, cozy and sophisticated seating areas to compliment the new cocktail lounge perfect for gathering locals and hotel guests alike. In addition to the lobby, all public spaces are being rennovated. It’s an exciting future and with only two residences currently for sale, Teton Mountain Lodge is in high demand. Stay tuned for before & after pics with the slated May 10th open.

The Realty Group of Jackson Hole team hit the road this spring to the far reaches of Europe and Down South to Cabo.

Part of the deal with calling Jackson Hole home is understanding that two times a year it gets very sleepy in Teton County. If combatting a long winter of cabin fever is in order, usually an exit plan is imperative. Here’s a snapshot of Rob, Jeff, Kelli, Jake and blogger Kathryn’s jaunts away from the old J-Hole.

The Family that Skis Together: Rob and Kit DesLauriers rounded up their two adorable little shredders for a fun-filled family ski trip to the Dolomites in Italy.

Meanwhile, the Ward family made their way to sunny and caliente Cabo San Lucas.

Jeff and Kelli Ward have been hard at work all winter but Jeff in particular deserved a break from lots of physical therapy- trading in crutching around ice and snow for more favorable beach environs.

Mr. Kilgrow and his clan bounced from home in Hawaii to Cabo too!

 

Finally, the scribe Kathryn spent magic time in the mountains on the Swiss-Italian border of the Monterosa.

 

Adventure and hard work are part of the equation to the formula for living a good life here and the Realty Group of Jackson Hole appreciates the delicate balance. The Group remains grateful for la good life here and in the wide world outside of Jackson Hole.