Graham4 Jackson Hole

"It's a good time to purchase or refinance a home, bankers say, although the new low mortage rates apply only to the conforming limit, which is $625,000 on Jan. 1"

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Graham4 Jackson Hole

Graham4 OPEN HOUSES
Perfect hideaway in the heart of town

10:00am to 12:00pm
This quaint 2 bedroom home on east Hansen (just off Willow) is visually appealing, warmly comfortable and within walking distance of the town square and Snow King. This 1,812 sq. ft. home is the perfect hideaway right in the heart of town; in great condition with many upgrades, a detached garage, and a wonderful private yard on a 0.13 acre AR lot.

Click below for additional information:
http://www.graham4jh.com/jacksonproperties/homes/1_7115J/Profile1.html

Skyline Ridge Treasure














10:00am to 1:00pm
This stunning 9203 sqf home is dramatically situated above the valley floor along the ridge top at Skyline with elevated views of the Grand Teton Mountain Range and the Snake River basin. This incredible property has everything; breathtaking views, a spacious beautifully designed luxury home; and a convenient location within minutes of town and the Jackson Hole Mountain Resort.

Click below for additional information:
http://www.graham4jh.com/jacksonproperties/homes/1_7004J/Profile1.html

Market Information
The New Tram

Jackson Hole Mountain Resort began operations on November 29, 2008, and the new Aerial Tram will open for ridership on December 20th, following a not to be missed "Tram Unveiling Night Show" at 6:00pm on Friday, December 19th.

This is exciting news for JH faithful coming after a 2 years of construction on the new tram. The new Aerial Tram at Jackson Hole Mountain Resort will be twice the size of the original, carrying 100 passengers. The sleek, new cabins, and visually inspiring base terminal only add to the faster and more efficient "cable to the sky". As well as the journey, it is the destination that captures the spirit of the Jackson Hole Tram. Soaring 4,139 vertical feet in 9 minutes to the summit of Rendezvous Mountain is unrivaled in the ski industry, cresting the Tetons with an endless choice of ski routes below, not to mention incredible 360 views.

We hope to see you in the new big red box this winter.

The Residences
Snake River Lodge and Spa
3 Bedroom Condominium















List Price Reduced: $1,500,000

This full ownership luxury condo is located slopeside at the Snake River Lodge and Spa. This exquisitely furnished 1760 sq. ft. condo features the finest in luxurious, vacation living with 3 beautiful and spacious bedroom suites, separate baths, a top of the line kitchen and dining area, a warm and comfortable living area with a cozy fireplace and entertainment center.

For additional informaiton click link below:
http://www.graham4jh.com/jacksonproperties/condos/2_0647J/Profile1.html

Graham4 Jackson Hole, Open Houses

GRAHAM4 OPEN HOUSES

NEW LISTING! Rustic Elegance at Lake Creek Ranch

List Price: $10,500,000
Beautiful barn wood, stone and log home and guest house perfectly situated
in a stunning private setting across from Teton Village, adjacent to Grand Teton
National Park, with spectacular Teton views and private access to the Snake River.

Coming soon on Graham4jh.com.

Bighorn Lodge














List Price: $12,750,000

Surrounded on 3 sides by Grand Teton National Park with dramatic unobstructed
close up views of the Grand Teton, “Bighorn Lodge” is a masterpiece of design and scale.
Inspired by the great lodges of the national parks, the 10,000 sq. ft. “Bighorn Lodge” is perhaps
the most impressive log structure in Jackson Hole, completed in 2008 to the highest standards
of western design and craftsmanship.

Click on the below link for additional information:

http://www.graham4jh.com/jacksonproperties/homes/1_7101J/Profile1.html

Graham4 Jackson Hole

Premier West Jackson Home

Recently Reduced List Price:
$1,950,000

This 4,284 sq. ft. home is a perfect Jackson Hole residence

or family retreat with an unbeatable in-town location; a
beautiful hillside setting; access to Snow King’s mountain
bike trails; incredible mountain and valley views; a comfortably
contemporary design; spacious and inviting living spaces; large
windows and elevated decks with great views; plenty of room
for family, guests & entertaining.

For more information click on link below:
http://www.graham4jh.com/jacksonproperties/homes/1_7111J/Profile1.html

This weeks rates are brought to you by our friends at the Bank of Jackson Hole:

The Treasury Department is strongly considering a plan to intervene directly in the mortgage industry to dramatically force down interest rates and stimulate the housing market. The Treasury has said it would offer to buy securities that finance newly issued loans for home purchases at rates no more than 4.5 percent for traditional thirty (30) year fixed rate loans!

BANK OF JACKSON HOLE

Residential Mortgage Rates for December 4, 2008

The following rates are thirty (30) day quotes for fully documented, owner-occupied and/or second home loans for borrowers with a minimum credit score of 700 which feature a one (1%) percent loan origination fee and the escrow of taxes & insurance. PLEASE NOTE THAT CONFORMING LOAN AMOUNTS OVER $417,000 WILL FEATURE A HIGHER INTEREST RATE THAN INDICATED BELOW

CONFORMING
(Loans to $625,500)
30 Year Fixed
5.125%

15 Year Fixed
4.875%

10/1 ARM
6.125%

7/1 ARM
5.875%

5/1 ARM
5.500%

3/1 ARM
5.625%

JUMBO
(Loans over $625,500)
30 Year Fixed
7.875%

15 Year Fixed
6.875%

10/1 ARM
7.875%

7/1 ARM
6.000%

5/1 ARM
5.750%

3/1 ARM
6.625%

30 YEAR FIXED RATE FHA LOANS TO $625,500: 5.375%

PRIME RATE: 4.000%

ONE YEAR LIBOR RATE: 2.649%

SUPER JUMBO - We have lending sources for loan amounts up to $3,000,000!

Please contact Graham4 with questions or if you would like to receive regular emails.
graham4@rejh.com

Market Information

Although November is typically the slowest time of year, Graham4 had a busy month and is seeing activity on our listings. The key to attracting prospective buyers in our current market is aggressive pricing. Sellers have recognized that we are in a buyers market and that they need to be receptive to offers at or below 2006 pricing. With a 74% increase in inventory from last year, buyers are taking advantage of the competitive market and motivated sellers; the result is that purchases are being made at a value.

The question on many buyers and sellers minds is; "where is the bottom?" In a recent real estate summit involving Jackson Hole real estate professionals, local banking professionals and appraisers, we discussed this very topic. Finding the bottom is a matter of generating a volume of sales (spurred by price reductions) at significant discounts. This will reduce the inventory and will begin to build buyer & seller confidence again in our market. As inventory decreases and buyer confidence increases, well-priced homes will sell much closer to their asking prices and some homes may even receive multiple offers thus signaling a rise from the bottom.

Seller's are accepting that we are in a buyer's market and many are more receptive than ever to negotiating price or terms. Sellers wanting to sell and buyers willing to make offers to get a deal seem to point to the beginning of the bottom.

On the banking front, we continue to receive good news in terms of financing from our local institutions. If you are contemplating a purchase in Jackson Hole but have been wary regarding the condition of the banking industry; contact us today for information regarding our local banks and their lending programs that enable qualified buyers to take advantage of this dynamic market.

Open Houses Today

Richly Comfortable Home













3465 N. Arrowleaf Lane
Listing Price: $3,875,000
10:00am to 1:00pm
-4,179 sq. ft., 3 BR Larry Berlin designed home in Teton Pines Golf Resort
-located on a private .96 acre landscaped lot in a lovely wooded setting bordered by a stream with a beautiful lawn and gardens.

For more information click link below:
http://www.graham4jh.com/jacksonproperties/homes/1_7080J/Profile1.html

Warmly Contemporary Design













2570 Teton Pines Drive
Listing Price: $3,950,000 (Just reduced by $1M)
10:00am to 1:00pm
- Beautifully situated on a striking “view” lot in Teton Pines, this stunning 6512 sq. ft. home is the perfect balance of contemporary design and comfort. The spacious floor plan is an open contemporary design that compliments the natural setting and captures unobstructed Teton views from expansive windows. Yet the living spaces have a profoundly comfortable feeling that is intimate and warm.

For more information click link below:
http://www.graham4jh.com/jacksonproperties/homes/1_6911J/Profile1.html

Spectacular Mountain Golf Retreat













4350 Greens Place
Listing Price: $5,875,000
10:00am to 12:00pm
-This exceptional home in Teton Pines is located on a beautifully landscaped half acre lot overlooking the 10th fairway and the Gros Ventre mountain range. With 7890 sq. ft. of exquisitely comfortable living space, a stunning setting and countless recreational amenities, this lovely home is the perfect Jackson Hole retreat for family and guests.

For more information click on link below:
http://www.graham4jh.com/jacksonproperties/homes/1_6876J/Profile1.html

Jackson Hole is an Outdoorsman’s Paradise

Introducing Bighorn Lodge, an ideal family home, vacation or corporate retreat for those who value privacy, luxury and a sporting life in the heart of an outdoorsman’s paradise.

Surrounded on 3 sides by Grand Teton National Park with dramatic unobstructed close up views of the Grand Teton, Bighorn Lodge, just completed in 2008, is a masterpiece of design and scale. Inspired by the great lodges of the national parks, the 10,000 sq. ft., 240 ft. long Bighorn Lodge is perhaps the most impressive log structure in Jackson Hole. The special features of this impeccably crafted home include: British Columbian western cedar log exterior with 35 Montana Moss Rock piers and 6 patios/porches, 3 River Stone and Brazilian Slate floors, 16-24 ft. dramatic cathedral ceilings throughout, 5 bedrooms, 7 baths, 2 huge living areas with handcrafted monumental chandeliers, 5 stone fireplaces, professional level kitchen, state-of-the-art whole house audio/video/ security systems, 6 car garage, tack room, corral, trails directly from the property into the heart of Grand Teton National Park and a natural setting that is home to elk, moose, deer and bison. This beautiful home has views that will never change, and its surroundings will remain wild forever. Bighorn Lodge is offered for sale for $12,750,000. Contact Graham4 for further information; 1-888-301-2402 or graham4@rejh.com.

Market Update October 2008

The Jackson Hole real estate market realized a 50% decrease in sales activity during the first half of 2008. However, the 3rd quarter has already shown a marked increase lead by high-end properties over $5M.

While the banking industry seems to be having issues nation wide, local lenders are strong, they have money to loan, and they are in a great postion to finance deals, both small and large. Being locally or regionally owned and writing loans in these same markets, they have been able to avoid the negative effects of the sub-prime market. Qualified buyers will be able to secure reasonable financing for well-priced properties.