The Crescent H Ranch

Jackson, WY
Price Available Upon Request

An Idyllic Setting – Located at the edge of the Bridger-Teton National Forest, Crescent H provides a unique sanctuary from the outside world, yet is within proximity to the upscale community of Jackson Hole as well as Yellowstone and Grand Teton National Parks. Hiking, mountain biking, cross-country skiing, hunting, fishing, boating, and golfing are just some of the activities nearby. Horse trails begin at Crescent H and interconnect with hundreds of miles of National Forest trails. With seven miles of private fly-fishing on Fish Creek, numerous spring creeks, and the Snake River, it is almost impossible not to enjoy yourself at this incredible property. [details...]

Chiltern

Hillsborough, CA
$43,888,000 USD

Truly reflecting the scale, proportion, and spirit of English Tudor and Elizabethan country estates, Chiltern is privately sited on more than six acres in the sought-after community of Hillsborough, California. Close to both the multicultural metropolis of San Francisco and the business and technology center of Silicon Valley, this borough is an ideal place to raise a family in a peaceful and secure environment.  [VIDEO]

Palatial Elegance on Place des Victoires

Paris France
Price Available Upon Request

Originally built as a hôtel particulier, a palatial mansion once owned by French nobility, this estate has been perfectly restored and transformed into a superlative array of luxurious private domains. Encompassing 1,000 total square meters, or more than 10,700 square feet, the building features a wealth of grandly proportioned entertaining rooms, sumptuous living areas, and a total of 10 bedrooms and bathrooms.  [details...]

 ATTENTION SKI LOVERS!

The Pennington Estate

Tahoe City, CA
$19,950,000 USD

The Pennington Estate is situated in the neighborhood of Sunnyside on more than three manicured, level acres dotted with majestic native Jeffrey pines and light firs–just a few minutes away from the quaint village of Tahoe City and its fine shops and restaurants. The property embraces 175 feet of Lake Tahoe shoreline, and is home to a newly Trexed deep-water pier, three boat slips, a 12,000-pound boat lift, and a lovely pebble-and-sand beach. The estate is also a short distance away from Tahoe-Truckee airport and the world-class ski areas of Alpine Meadows, Homewood, and Squaw Valley. [details...]

The Woolworth Mansion Off Fifth Avenue

New York, NY
$90,000,000 USD

By the late 1890s the retail chain of Frank Woolworth was expanding so rapidly that he was able to engage Charles Pierpont Henry Gilbert, the famed architect of mansions in the French Gothic style who had just completed a prime example at Fifth Avenue and East 79th Street known today as the Ukrainian Institute, to design one for him at 80th and Fifth Avenue. [VIDEO]

Cuadra San Cristobal

Mexico City, Mexico
$12,083,132 USD

Boasting the modernist architectural touch of famous Pritzker Prize winner, Luis Barragán, Cuadra San Cristobal is a triumph of geometry, and displays the power of earthen tones, and the genius of simplicity. [details...]

Top of the Ridge

Rancho Mirage, CA
$18,500,000 USD

Top of the Ridge is spectacularly situated in Rancho Mirage, adjacent to Palm Springs—an area renowned for its mid-century modern architecture and credited with being the home of “Desert Modernism.” Majestically poised atop a mountain in Mirada Estates, a gated community with 24-hour security, this stunning home enjoys grand views of both the surrounding mountains and the sprawling desert floor. Mirada Estates residences are all custom-built by owners and developers, each maintaining a high level of uniqueness and integrity. Top of the Ridge sits on nearly three acres of land and includes all of the amenities that define an elegant lifestyle. [details...]

Rua Riachuelo

Ilhabela, Sao Paulo, Brazil
$4,500,000 USD

Located in gorgeous Ilhabela, Portuguese for “beautiful island,” this exquisite and tranquil residence was designed by renowned architect Marcio Kogan. Hidden in the clearing of a tropical forest, the garden of this stunning locale has space devoted to contemplation. Inspired by a desire to relax and meditate in nature, the owners worked with a famous Brazilian architecture studio to create this masterpiece to allow a closeness with the environment. [details...]

Evans Ridge

Denver, CO
$19,500,000 USD

Regally poised on its own gently sloped hillside, Evans Ridge spans an incredible 42,000 square feet and sits on 70 acres of peaceful natural surroundings. Framed by towering curved bay windows and glorious rotundas, the 11-bedroom manor abounds with high-end finishes as well as a palate of neutral shades and endless textures.  [details...]

The Bulgari Hotel, London

London, England
Price Available Upon Request

This is an opportunity to purchase an exquisite 7th floor lateral penthouse apartment of 9,260 square feet (860 square meters). The property benefits from the exclusive services, leisure facilities and security of a brand-new luxury hotel.  [details...]

Chateau El Masr

Cologny, Switzerland
Price Available Upon Request

When this property was bought at the end of the 19th Century by Scotsman Charles Floods, who had just returned from Egypt where he made his fortune, he kept this tower and had the architects Bourrit and Simmler build a half Gothic, half Oriental style chateau in 1883-1884, which he named El Masr, meaning the Egyptian. [VIDEO]

As a Christie’s International Real Estate affiliate in Jackson, WY, consider me as your professional representative for all local homes, land and ranches for sale or any of Christie’s featured luxury homes across the globe.  Contact me for all your real estate needs.

In addition to this short 40 second clip, you can also view an image gallery showing this home’s open kitchen, appliances, bedrooms and well-maintained landscaped lot below.

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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.

“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.

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.

Televised on the Golf Channel in the U.S., Canada and Japan, the PGA Tour will be held March 19th and 20th in Orlando, FL. Other affiliated stations also air the coverage via live broadcast to the U.K., Latin America, Asia and South Africa reaching nearly 100 million households in more than 200 countries.

As an affiliate of Christie’s International Real Estate, Jackson Hole Real Estate Associates is excited to have the opportunity to benefit from such a prestigious worldwide advertising platform.

The commercial will be posted on the Christie’s website the day it premieres, March 19. Look for the Tavistock Cup under the homepage photo carousel for updates leading up to the tournament.

Celebrating its eighth year, the Tavistock Cup will return to Lake Nona-a Tom Fazio-designed course, which continually ranks among the top residential courses in the world and host to a number of international tournaments-to determine the World Golf and Country Club Champion. The competition between the Isleworth and Lake Nona country clubs and golf communities, both Exclusive Affiliates, was expanded just last year to include two international clubs: Albany, a new luxury resort in the Bahamas, and the exclusive Queenswood Club, a classic Surry heathland course outside of London. What makes this inter-club rivalry all the more exciting is that these four clubs represent the highest concentration of top-ranked golfers, collectively winning more than 825 worldwide victories, including 59 major championships.

Single-Family: 44

North of Wilson had $53.923 million in sales (excluding resort areas zoned for nightly vacation rentals) from a total of 20 homes sold, and South of Wilson had 14 totalling $33.7 million. Remaining sales include one in The Aspens at Jackson Hole Racquet Club for $1.15 million and nine in Teton Pines totalling $18.863 million. Together, the Westbank accounted for $107,636,000 million in single-family homes sold alone.

Condo/Townhome: 17

The Westbank recorded 17 condo/townhome sales in 2011 with 10 condos at the Jackson Hole Racquet Club averaging $383,450 and seven townhomes at Teton Pines averaging $820,714.

Lots/Vacant Land: 7

Excluding resort areas, Westbank had seven lots sold, three North of Wilson and four south of Wilson with a total dollar volume of $2,630,000 and $6,950,000 respectively.

Among the 87 distressed sales, only 14 were in the Westbank of which three were at the Jackson Hole Racquet Club.

Across the valley, 55% of single-family home sales were under $1 million, yet (the Westbank) North of Wilson had an average sale price of $2.696 million with a median of $1.395 million and South of Wilson had an average sale price of $2.408 million with a median of $1.405 million.

Despite a 33% decline in number of condo sales at Jackson Hole Racquet Club, the average sale price of $383,450 is up 18%. With condo inventory throughout Jackson being 21% lower than 2010, the 18% increase in price at JH Racquet Club could prove to be a promising example in an equity building scenario. In addition, for the first time in almost two decades, someone who can afford 10% down and has a good credit score can pay less in a mortgage than in rent based upon the purchase of many listed condos under $400k.

One year price changes of median home sales were used as an indicator with Jackson having a median in 2010 of $1.5 million and $1.2 million in 2011.  A significant increase in condo and single-family sales in the Town of Jackson show that investors may have already believed the same.

Single-Family: 44

Median sale price for single-family homes was $580,000 with a total dollar volume of $29.2 million.

Condo/Townhome: 61

Median sale price for condos/townhomes was $320,000 which is down 21% from 2010, however the number of sales are up by 22%.

Lots/Vacant Land: 6

Residential land sales averaged $224,000 with the most expensive lot selling for $350,000, and the least expensive lot for the entire valley of 0.22 acres at $193,900.

The Town of Jackson’s condo sales are significantly higher than 2010 and believed to be due to the convenience of living in town. At the same time, the increase could have a significant influence from investor purchases considering condo values are down by as much as 60%.

Of 87 distressed sales throughout the entire valley, 37 were in the Town of Jackson, which more than likely had an effect on a listing’s “Days on Market” considering time spent on a distressed sale is typically between 90 and 120 days.

The Town of Jackson is also being considered a hot spot for single-family homes with 44 sales.  South of Town had 45.

HUD is also considering an increase of the annual MIP and reducing the seller contribution amount but has yet to be confirmed. If so, those changes are expected to take effect June 1st, 2012.

The proposal that would reduce the seller’s contribution amount would modify the current 6% to the greater of 3% or $6,000. This shouldn’t make much of an impact on buyers considering that on a $250,000 loan, the seller contribution is still $7,500.

FHA has become a popular option for condo buyers over the last several years considering the flexible qualification guidelines, however continued increases are likely to make FHA loans less desirable. Conventional loans may become a more preferred option since a well-qualified buyer can qualify for as little as 5% and in some cases, without mortgage insurance depending on the lender/available loan programs.

There doesn’t seem to have been anything threatening to have happened as of yet, but the US Fish and Wildlife Service has planned to capture and euthanize the wolves before anything threatening does happen.

Concerned homeowners have pledged money for the cost of relocating the wolves rather than killing them, but the services wolf recovery coordinator Mike Jimenez insists that relocation won’t benefit the wolves in the long run. Jimenez has publicly shared his office phone number so that concerned residents can call and learn more about his decision to terminate the predators.

Mike Jimenez 307-733-7096

In the meantime, locals are being urged to keep their pets indoors and to keep an eye on children. JH Underground has done a fantastic job posting updates if you would like to get involved with the debate or even just see some impressive photos.