Jackson Hole Homes for Sale Now in Hong Kong

Christie’s Appoints Landscope Realty Limited as the First Real Estate Affiliate in Southeast Asia

In February, I was proud to announce that those selling luxury Jackson Hole homes with Jackson Hole Real Estate Associates will be able to benefit from an expanded reach to the US, Europe, Africa, Canada, the Caribbean due to 10 new Christie’s International Real Estate affiliates. On April 12th, Christie’s announced another new affiliate with Landscope Realty Limited making the Hong Kong brokerage the first real estate affiliate in Southeast Asia! This gives JHREA sellers even more of a global presence online.

Landscope is the 13th brokerage to become an affiliate with Christie’s International Real Estate in the last six months. In addition to being the leader in luxury real estate sales in Hong Kong, Landscope also closed the highest residential sale of HK 728.88 million.

Koh Keng-Shing“We are honored to have been chosen to join the Christie’s International Real Estate network,” says K.S. Koh, Managing Director of Landscope. “Our existing prime position in the Hong Kong market is further strengthened by the ability to offer a pre-qualified real estate specialist service on acquisition and disposal of luxury properties worldwide from within our network. We can now also refer them to our Christie’s colleagues for art advice, as our ultra-high-net-worth clientele has diverse investment interests. Additionally, we are eager to assist international clients looking to acquire real estate in and around Hong Kong. The association with Christie’s is an endorsement of our core values which include integrity, professionalism and discretion.”

Naturally I’m excited to offer more exposure for our clients, but to now also facilitate and assist those who appreciate fine art and real estate in Hong Kong is a great honor.

Teton Village: 2011 Sales Breakdown

Big dollar sales in Teton Village tilted the value of Jackson area real estate favorably in 2011 with condos being the dominate property type. However, single-family and vacant land gave an average of over $1 million with a combined total of $18,350,000 between seven sales.

Single-Family: 4

Single-family homes accounted for $14 million in Teton Village among four sales. Valley-wide, list prices for 223 homes on the open market averaged $3.1 million when these numbers were compiled at the beginning of the year. Considering that list price is commonly higher than the actual sold price in this market, a “sold” average of $3.5 million for 2011 in Teton Village is good news for existing homeowners.

Condo/Townhome: 46

Despite the 33% decline of the average sale price settling at $998,543 by year’s end, 2011 sales are up 70% compared to 2010 with a total of 46 sales–one of which being the most expensive condo sale of $3.1 million for a 3 bedroom/3.5 bath at the Four Seasons.

Lots/Vacant Land: 3

If there’s one thing man cannot make more of, it’s land. Land in Teton Village supports how valuable dirt can be with only three sales accumulating $4,350,000. Two of the lots were additions in Jackson Hole Ski Corp. while the third wheel was in Granite Ridge.  Average for vacant land was an impressive $1,450,000.

Condo sales proved Teton Village to be a hot spot with the total sales being up by 70%. However, unlike the 61 condo sales in The Town of Jackson for 2011, Teton Village might not be as much of a “hot spot” for investors with an average sale price of $998,543 among the 46 total transactions. On the contrary, compare those 46 condo sales with only four single-family homes and three lots (one in the Granite Ridge subdivision and two in Jackson Hole Ski Corp.) totally over $18 million.