Jackson Hole, WY

Residential Mortgage Rates for January 4, 2010 from our friends at Bank of Jackson Hole

30 Year Fixed
Conforming (Loans to $417,000)-5.000%
Jumbo (Loans over $693,750)-6.500%

15 Year Fixed
Conforming (Loans to $417,000)-4.500%
Jumbo (Loans to $693,750)-6.000%

10/1 ARM
Conforming (Loans to $417,000)-4.625%
Jumbo (Loans to $693,750)-6.000%

7/1 ARM
Conforming (Loans to $417,000)-4.250%
Jumbo (Loans to $693,750)-4.625%

5/1 ARM
Conforming (Loans to $417,00)-3.750%
Jumbo (Loans to $693,750)-4.250%

3/1 ARM
Conforming (Loans to $417,000)-3.750%
Jumbo (Loans to $693,750)-6.625%

30 Year Fixed Rate FHA Loans to $693,750: 5.375%
Prime Rate: 3.250%
One Year Libor Rate: 0.994%

Happy New Year! We know that many of you are spending the time between Christmas and New Year trying to reconcile your records and finalize $ before the end of the Tax Year. As you wrestle with these challenges, take a minute to consider the Tax Benefits of Investing or Residing in Wyoming;

When you’re done counting your $ and realizing the opportunity that Wyoming presents, take a minute to remind yourself of the ‘work-life’ balance benefits;

- Grand Teton + Yellowstone National Parks;

- Fly Fishing + Big Game Hunting;

- Skiing, Hiking, Mountain Biking; Rafting; Golf.

Still questioning my logic? Is the devil inside arguing with you? Look at the numbers;

Commercial Office + Retail suites or entire buildings are down 20-25%.

Start small - use your IRA to Invest in a Commercial Office or Retail suite for $500,000-700,000; or

Go for it - Leverage the opportunity presented by the economy with the rare offering of several landmark buildings in Jackson Hole.

To maximize all the tax benefits you will need to become a resident of our fine county. Lucky You! Right now, the Median Home Price is down 25% from 12 months ago.

Still unsure, give us a call.

Meagan Hill is a Commercial Real Estate Investments Specialist and Principal of NAI Jackson Hole servicing the Jackson Hole WY and Teton Valley ID markets.

For further information, contact Meagan at (307) 734-8700 or meagan@naijacksonhole.com

Where have all the Tenants + Customers gone? Why did their Property sell or lease and ours is still out there? Why are they shopping at our Competitor? These are some of the questions faced by our Office everyday. With 30 minutes or less time spent watching CNBC, anyone can prophesize the why or why not response to these questions based on temperature of the Dow or some other key indicator.

In many cases, we’re all guilty of over-analyzing/over-thinking these things (including the Dow) and we miss the simple details that lay right in front of us. Consider this, every morning most of us get out of bed, brush our teeth, iron a shirt and set out for the day to “…do the business…”

Irrespective of whether you’re a Property Owner or Tenant or an Employee, have you ever arrived at your place of Business, unlocked the door and repeated the Good Morning procedure?

Despite thoughts to the contrary, at some level, we’re all in the service business, particularly in a region that relies heavily on Tourism to generate revenue for business and taxes for local government.

With these thoughts in mind, go back to the front door of your Business. How does it look? Do you sweep the leaves, shovel the snow and de-ice every single day? Do you clean the glass and the door handle every single day? Are your window displays fresh? Brochure rack stocked and tidy? Dust under control? Paint touched up? Carpet clean? Do your staff smile at customers?

I can hear some of you saying now “This is the West, this is Jackson Hole, this is Wyoming….we don’t do that here….we know how to walk on ice….” Well guess what? some of our visitors aren’t so adept. All of them bring very different expectations for their ‘western experience’. In a competitive mountain town, tourist marketplace, it’s crucial that we maintain our unique sense of place, it’s equally as important that we address the most basic of expectations in our efforts to generate more repeat visitors.

Just as it’s important for Business and Visitors, repeating this Good Morning procedure is also important for Selling and Leasing real estate. Like it or not, buildings have a ‘feel’ about them. Prospective Buyers and Tenants know when a building is well presented and well visited. We all know that location is #1 in real estate well, presentation is #2. We often see vacancies occur in great locations where the building is feels dark or cold. Presentation.

If you are looking to Sell or Lease your Building, take a step back, brush your teeth, comb your hair and iron your shirt. It will help you to “…do the business…”

Meagan Hill is a Commercial Real Estate Investments Specialist and Principal of NAI Jackson Hole servicing the Jackson Hole WY and Teton Valley ID markets.

For further information, contact Meagan at (307) 734-8700 or meagan@naijacksonhole.com

Here's another tidbit of Jackson real estate history. This building is located on the corner of Willow and East Hansen in east Jackson, but it started life as a schoolhouse on West Broadway where New York Subs (another Jackson Hole favorite!) is now located.

After the schoolhouse was moved, the building was home to Wind River Herb Factory, and then was the home to The Yoga Room, operated by Margot Snowden. I took my first yoga class from Margot in this building in 2000, shortly after moving to Jackson from Dallas. Neesha Zollinger took over the yoga studio in 2005, renaming the business Akasha Yoga. The building has a great vibe, which Neesha attributes to its having been used for education and healing for so many years.

Neesha and her talented group of fellow yoginis do a great job continuing the good vibe of the building with Akasha Yoga. Drop in some time and take a class!

For further information, or to learn more about the Jackson Hole commercial market, please contact:

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

Tim Bradley is an owner of Contour Investment Properties, the only brokerage firm in Jackson exclusively focused on commercial and investment property in Jackson Hole and Teton Valley. Tim has earned the MAI designation from the Appraisal Institute as well as the CCIM designation from the CCIM Institute.

Jackson Hole Real Estate Associates Opens Office in Teton Village

Jackson Hole Real Estate Associates opens a new office in the heart of Jackson Hole Mountain Resort. Next door to the new aireal tram, gives us direct access to winter visitors and skiers.

This past weekend was opening day for the 2009/2010 winter ski season at Jackson Hole Mountain Resort. Locals and visitors enjoyed a beautiful day of skiing on Apres Vous. We got just a taste of what is to come!

Contact Graham4 for additional information on the Jackson Hole and Teton Valley Markets. 888.301.2402.