budge realty group listing presentation
DESCRIPTION
Jackson Hole Real Estate seller listing presentation.TRANSCRIPT
ExpEriEncE pays, LEt Us provE it80 W. Broadway | P. O. Box 4897 | Jackson, Wy 83001 | www.BudgeRealEstate.com
Chad BudgEOwner, associate Broker
REBEkkah kEllEyassociate Broker
diannE BudgEOwner, associate Broker
We do more to get your property sold for the highest price and in a professional and timely manner. Our continued success is based on the
value we provide our clients.
We are a TEAM driven to provide excellent service to our clients and we welcome the opportunity to add you to our long list of
successful relationships.
Jackson Hole Real estate associates
Who We aReOur company, Jackson Hole Real Estate Associates is the largest locally owned and operated firm in the region and has been founded based on our continued commitment to provide the finest services to our clients and
customers. With an over 40-year database and the daily tracking of every single real estate transaction in Jackson hole, we know the market better than anyone. With our knowledge of the area and over 25 years of experience we will provide you with the most concise, objective and factual information to make critical real estate decisions.
Jackson hole Real estate associates is the exclusive affiliate of Christie’s International Real Estate in Wyoming and idaho. our reputation for exemplary client service and market knowledge combined with the power of Christie’s International Real Estate, the largest network of independent real estate firms, offers a synergy between local strength and global networking. Christie’s International Real Estate, www.christiesrealestate.com, a wholly owned subsidiary of the renowned auction house Christie’s, is the largest international network of real estate companies specializing in the sale of luxury and notable properties.
We are members of the Multiple listing service of Jackson hole and in addition, enjoy an effective network with select, competent real estate brokerages throughout our extensive market area. We are strong advocates of cooperating and sharing with our competitors when it is in the best interest of our clients. We personally have worked with our cooperating brokers for over 25 years in the Jackson hole area.
ouR PhilosoPhy to stay on top of market trends, continually strive to offer cutting edge marketing locally, nationally, internationally and on the world-wide web and to keep our clients best interest paramount.
ouR oWneRshiP the ownership of Jackson hole Real estate associates has a history of successful real estate brokerage ownership including Chad and Dianne Budge who co-founded, with their partners, the Sotheby’s franchise in Jackson hole. no other real estate ownership group in the valley has this kind of track record of real estate sales and development success. our continued commitment to conscientious client service by the ownership group combined with the global reach of the Christie’s International Real Estate brand has made our company the new market leader in the Jackson hole region.
oWneRs & associate BRokeRs of Jackson hole Real estate associates
Why l ist With Budge Realty gRoup
Budge Realty Group takes a personal and a team oriented approach to client satisfaction, not only within our team, but within our company and within the greater real estate community. We do this by being consistently responsive, providing above and beyond customer service, having a deep understanding of our client’s needs and relentlessly seeing the process through to the end. Chad, Di-anne and Rebekkah are focused on getting properties sold through a variety of methods combined to offer our listings the maximum exposure to potential buyers. in fact, our philosophy is to stay on top of market trends and to continually strive to offer cutting edge marketing locally, nationally, and internationally, and to keep our client’s best interest paramount. As a market leader in Jack-son hole for over 25 years, we believe our continued success is based on the value we provide our clients. Below is a snapshot into the forces we use to sell property.
suPeRioR MaRketinG all real estate companies have various marketing avenues for their agents to take advantage of. We go much further. our personal listings are featured on more websites, in more publications, and on larger spreads with su-perior placement than other agents. our listings are featured on over 60 websites, many of which have premium placement. Why is this important? according to the national association of Realtors, 90% of home buyers begin their search online.
• Premium Online Placement • Custom Print Marketing • Targeted Direct Mailings
• Local, National & International Reach • Coveted Affiliations
exPeRience Chad and Dianne both have over 25 years of successful experience in Jackson’s real estate business as brokers and brokerage owners. Jackson is a unique community with a very unique real estate market. having experi-enced the various peaks and valleys of the market throughout the years, we have special insight into what works and what doesn’t when selling property. With the help of our associate, Rebekkah Kelley, who grew up in Jack-son hole and has a real estate appraisal background, our experience can help position your property to attract buyers with the best outcome for our client. Our market knowledge, expert service and personalized attention have earned us the trust of a repeat and referral based clientele.
neGotiation Negotiation is of paramount importance in real estate transactions and we don’t just mean the sale price. Ev-erything from title concerns to inspection items to contract deadlines can be expected to be negotiated in a real
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cHRistie’s inteRnational Real estate luxuRy specialists, 2014
oWneRs & associate BRokeRs of Jackson hole Real estate associates
Why l ist With Budge Realty gRoup
estate transaction. the negotiation skills of your agent can make all the difference. our experience will help clients understand the intricacies of a contract and help to put together a thoughtful response. after a buyer and seller have agreed to all terms of the contract our in-depth knowledge will lead parties to a successful closing. Many unforeseen issues can arise during this process from title issues, property boundary issues, inspection items, appraisal amounts, or loan approvals, to name a few, so much so to delay the closing or cause a contract to “fall out”. We have a strong working relationship with land planners, contractors, attorneys, title officers, etc. that we can call on to facilitate the transaction to a successful closing. We have gained tremendous experience negotiat-ing, not only in our many years as Brokers, but also as successful business owners.
cooPeRation We are strong advocates of cooperating and sharing with our competitors when it is in the best interest of our cli-ent. With over 25 years in the real estate industry, we have close working relationships with Realtors throughout the community. This is especially beneficial when it comes to negotiating the details of a contract and getting the deal done. Just as important is cooperation with our clients. We will work with you throughout your home selling process to make sure your needs are met and provide you with a professional and efficient experience.
coMMunication communication between our team and our clients is integral to a successful business relationship and a part of our job we take very seriously. It is important to us that our client’s needs and goals are met throughout a transac-tion, from pricing a property to showing schedules and beyond. We keep our clients up to date on our marketing efforts, the real estate market as a whole as well as the market as it relates to the client’s property and potential leads. it is critical to have an agent with a system in place to follow-up with potential buyers and provide them with information on the property that adds value in a timely manner. Budge Realty Group works hard to put our clients first and is able to successfully do just that with our team approach.
oPen houses & shoWinGs We feel our representation at open houses and showings is one of the simplest ways to promote a client’s prop-erty in the best light possible and that is why one of Budge Realty Group’s team members will always be present for all open houses and showing appointments. our clients can rest assured we will educate and advocate for their property to every potential buyer who visits the property. We will also report back to our client promptly with feedback.
ouR oWneRshiP Entrepreneurial spirit is a mindset. It’s a mindset that embraces critical questioning, innovation, service and con-tinuous improvement. It’s about seeing the big picture and thinking like an owner. Chad and Dianne Budge are co-owners of Jackson Hole Real Estate Associates, a company that started from the ground only five years ago and is now out-pacing the nearest competition by far, but this isn’t their first successful business. Chad and Dianne co-founded, with their partners, the Sotheby’s franchise in Jackson Hole. Before their careers in real estate they had also owned and operated successful retail businesses in Jackson. chad began his entrepreneurial career with the outdoor sporting goods business ski & sports, and Dianne began with the interior design business Rocky Mountain interior Design.
cHRistie’s inteRnational Real estate luxuRy specialists, 2014
BuDGE REALTy GROuP’S MeMBeRsBudge Realty Group is made up of three members - Chad Budge, dianne Budge and ReBekkah kel-ley. each of our members bring their own unique skills and background to the Group providing our clients with a diverse range of proficiencies. We believe our continued success is based on the value we provide our clients and working as a team we are able to service our clients with paramount experience and comprehensive, personalized service.
In the late 1800’s, Chad’s maternal and paternal great-grandparents homesteaded Jack-son hole in part of what is now known as Grand teton national Park. Being a 4th genera-tion Jackson hole native, chad knows the area better than most.
Before he ventured into real estate, chad owned the local ski shop ski & sports. after establishing himself as a successful real estate broker, chad became a partner in teton Shadows Realty, before selling to Sotheby’s International Realty. In 2009 Chad and his partners founded Jackson hole Real estate associates. chad views his work as a real es-tate professional in Jackson hole as providing an important community resource and takes the opportunity to help people with their real estate needs seriously.
In the summer you will find Chad on Jackson Lake on his boat or riding his motorcycle with his wife, Dianne. Growing up as a ski racer in Jackson hole chad still enjoys skiing at Jh Mountain Resort or exploring the back country on his snow machine.
a nebraska native, Dianne has lived in Jackson hole for over three decades. her educa-tion in business ownership, interior design and sales lead her into the real estate world of Jackson hole with her husband, chad Budge. With over 20 years of experience in real estate, she is now a partner at Jackson hole Real estate associates. Previously, Dianne was a partner and Broker with Teton Shadows Realty, before selling to Sotheby’s International Realty and acting as their Broker. she also is a past treasurer of the teton Board of Real-tors. Dianne takes pride in helping her clients reach their goals.
Dianne and her husband chad enjoy their time together on their boat at Jackson lake. her most recent pursuit is in motorcycle riding on scenic road trips. she also enjoys spending time with her five grandchildren who keep her very busy.
Rebekkah, a native to Jackson hole, has grown up within the real estate community learn-ing from a young age the nature of real estate brokerage from her parents. after com-pleting her business degree from the university of Wyoming, Rebekkah returned to Jackson to pursue her career in real estate, beginning in the real estate appraisal business and then entering real estate sales with Chad and Dianne. Rebekkah’s appraisal knowledge and experience adds a strong foundation with a diverse perspective in working with buyers and sellers.
Rebekkah and her husband Marc have a young daughter and feel fortunate to be able to raise their daughter in Jackson hole. Rebekkah loves everything on the water, so you will find her on the river or at Jackson Lake in the summer. Rebekkah learned to ski at a very young age and continues to pursue the sport whenever possible.
chaD BuDGe
Dianne BuDGe
ReBekkah kelley
client testiMonials
see What ouR Past clients have to say aBout us...
“I felt Chad & Dianne Budge were a great fit to work with for my husband and I from the very first
introduction. They had a calm demeanor and a urgent sense to help! I was in very good hands and they are both lovely people to work with!” – Baer
“I have worked directly with Chad and I can say that he is as knowl-edgeable and honest as it gets. He will make sure that your experience is worthwhile. I would recommend Chad and Dianne to anyone look-ing to buy or sell property in and
around Jackson.” - sc
“We worked with Chad off and on for over a year and he helped us to under-stand that the Jackson Hole market was changing, he gave a good perspec-tive on value and as the market reached its bottom earlier this year helped us understand the importance of timing. His expertise, negotiation skills and clear
communication made the buying process smooth and understandable. Chad works with his wife and daughter as a formidable team that gets the job done. We would definitely recommend the Budge Team for your Jackson Hole real
estate needs.”- fW
“Chad has an encyclo-pedic knowledge of the Jackson Hole real estate market. His perceptive-ness of our needs and
skill in the price negoti-ation enabled us to buy a great home at a good price. I would heartily recommend Chad to
anyone.” – cM
“The most professional, knowl-edgeable real estate person I
have dealt with.” – Jlc
“Dianne helped us find a vacation home. She was extremely knowledgeable, patient, prompt and honest. Early on, our interest shifted to a very different type of property than we had initially requested – Dianne handled that shift without hesitation. She was a good listener and provided very good suggestions based on our preferences and commentary. Dianne showed us only properties that interested us. No time was wasted looking at properties
that did not suit us! What’s more is she clearly knows the market and different areas in and around Jackson very well. She and Chad managed negotiations between long distance “jit-tery” buyers and seller deftly. Dianne also did a terrific job of keeping the process moving from initial contract through closing. Thanks to Dianne we found our perfect Jackson vaca-
tion home.” – Dave
“I have to say working with Rebekkah Kelley of Budge Realty throughout our process was truly enjoyable. She made the experience
of finding our dream retirement home a reality.We conversed over the phone for nearly 3-4 months prior to our
visit. Our original intention was to look for a piece of property and build down the road. Rebekkah knew the area so well and was able to give us a history of the area and a history of the property values over the past 5+ years. She found a home for sale that had the most magnificent view of the Grand Tetons. She found the comp history of
the area, trends and found 5 other properties for us to consider.She worked hard in answering our questions and negotiated hard on our behalf. Thank you Chad, Dianne, and especially Rebekkah. Now we not just a house, but a home that we look forwarded to enjoying
our time together as a family.” - ac
“We are very excited about having a Jackson home place once again and want to thank you and your
staff in facilitating that this would happen for us. It has been a real pleasure to work with you and you made this a very efficient, smooth transaction for us.” – h.c.
“...for them, it isn’t about the money, but about the person or the client...”
client testiMonials
see What ouR Past clients have to say aBout us...
“Chad was always available to answer questions and provide guidance. He is thoroughly knowl-edgeable of the area, he knew intimate details of each property we were interested in seeing.
He is the consummate professional.” – Rs
“I had an inquiry about a condo in Jackson Hole. Dianne was very knowledgeable of the foreclosure/short sale process and was able to clearly tell me what to expect and why.
Thanks Dianne!” – M.a.
“I would highly recommend that you choose Chad Budge and Rebekkah Kelley for all of your real estate needs. Rebekkah is one of the sweet-
est individuals I have met in Jackson. Just lovely if you ask me, she is honest and genuine in character and spirit. I think for them, it isn’t
about the money so much, but about the person or the client, and their specific needs being balanced with what is available on the market.
Chad and Rebekkah were forthright in all of their interactions with my husband and I. They were on top of it!!!
Their local knowledge is insurmountable. They have excellent process expertise. They were immediately responsive to all of my very many phone calls and email inquiries, and they have excellent negotiation
skills. They were able to handle my emotional states and the vicissitudes that come with buying a home and going through the mortgage/es-
crow process with grace and dignity. They are a great team.The most unique thing about Chad and Rebekkah is that we can still call on them for questions. Being new to Jackson, we have a lot to
learn! Whether we would like a recommendation for a house cleaner, nail spa, a roofer, or a place to go for dinner, they are still available
to us, and that is very special!” – Mr. and Mrs. steven squillaci
“What a great agent! Goes back generations in Jackson and thus knows everything about the local market. Always responsive. Worked
as hard for us as any other real estate agent we’ve ever had. You cannot go wrong with this agency or this agent. We are very pleased.”
– Paul
“Dianne and team did a great job in responding and ensuring someone was always available when there was a question. Dianne was great about ensuring what the buyer is interested in, any nuances, not just in the home, but in over-all interests to ensure the best locations were
sought. This deal could have fallen off the rails several times if Dianne and team had not gotten involved. Very pleased with the efforts and atten-tion to detail that Dianne et al provided. Should I pursue another property in the region, it will be
through Budge Real Estate.” – s.a.
“Chad and Dianne are long time friends of mine. I have bought and
sold several properties with them. They are true pro’s and someone you can
trust.” – Mike
“...knowledgeable, patient, prompt and
honest...”
“Chad Budge is a consummate professional and has a depth of knowl-edge and experience in the local Jackson real estate market that is
unmatched. If you are buying or selling in Jackson Hole; Chad’s team will provide you with the service and accountability you need to be
successful in your transaction.” - GH
“Buying from long distance without stepping into a condo was very nerve racking. Thankfully, Dianne guided us through every step from viewing, inspections to final check ups before closing. She always returned our calls, followed up on any issues
along the way. If it wasn’t for Dianne’s expertise, our dream would not become a real-ity. Sincere thank you from our whole family.” - t.R.
exPeRience pays
the ranch property now part of Jackson land and cattle on spring Gulch Road.
architectural masterpiece overlooking the snake River.
78 acre tract for develop-ment or conservation at the mouth of cache creek.
saddle Butte heights devel-opment sited high above the valley floor with 360° views.
Granite Ridge cabin at the base of the Jackson hole Mountain Resort.
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Prime town square retail space with over 4,300 sq. ft. of street level exposure.
Pearl at Jackson leeD certi-fied luxury condominiums in downtown Jackson.
the Miller Park lofts in downtown Jackson for in-vestment and vacation.
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We have been amongst the areas top producing brokers for nearly 25 years. We have partici-pated in some of the largest and most complex transactions in the region and some of the small-est. from the multi-million dollar homes and ranches to entry-level condominiums, we give each of our clients the same level of service and respect they deserve. experience pays, let us prove it!
oveR $1 B ill ion of Real estate solD
over 16 acres with flat creek meandering through and teton views.
Jackson hole Real estate associates publishes a quarterly market report detailing and comparing the real estate market’s progress each quarter. Authored by our very own team member, Rebekkah Kelley, these reports are an important tool for both buyers and sellers to help understand the current market conditions, as well as a tool to help predict future trends. our in-house database tracks all transac-tions, not just the ones that take place through the Mls, making our market reports the most accurate and reliable source of information available. See page 23 for our most recent market report.
MaRket knowledgeJackson hole Real estate MaRket RePoRt
BanneR aDveRtisinG PRoGRaM Properties advertised under the Christie’s name benefit from invaluable exposure and association with a well-known and admired brand. Christie’s International Real estate advertising initiatives receive prominent placement in periodicals such as The New York Times, The Wall Street Journal, Financial Times, Architectural Digest, Country Life, and Robb Report.
ouR MaRketinG Venues
CHRISTIE’S INTERNATIONAL REAL ESTATE
The Christie’s name is synonymous with quality, integrity, and customer satisfaction, and the marketing efforts of Christie’s and Christie’s International Real Estate provide far-reaching exposure to a qualified audience of homeowners and home buyers. By combining efforts with the Christie’s fine art auction house and other Christie’s affiliates worldwide, Budge Realty Group is in a unique position to market high-value properties to both the art house clientele and the brokerage network. Through the Christie’s marketing programs we can offer the follow-ing fantastic marketing opportunities for our clients:
CHRISTIE’S INTERNATIONAL REAL ESTATE MAGAzINEProduced five times a year, our industry-leading publication has an annual readership of approximately one million. With more than 200 pages of lifestyle articles and beautiful homes, the magazine is a superior show-case for the world’s most exclusive real estate that reaches individuals of exceptional means through print and digital versions.
WoRlDWiDe BRochuRe DistRiBution Crafted for select estates, visually rich property brochures are distributed to more than 350 cities in 40 coun-tries for prominent display in Christie’s salerooms and our Affiliated real estate brokerages around the world. artfully designed, the brochures articulate the amenities and uncommon lifestyle opportunities presented by each property. a custom direct-mail campaign to a carefully selected list of potential home buyers is also avail-able.
CHRISTIE’S INTERNATIONAL REAL ESTATE WEB SITE Attracting more than one million visitors worldwide every year, the Christie’s International Real Estate web-site consistently ranks among the top results on major search engines for luxury real estates. Properties on the website also receive prominent real estate promotions on www.christies.com (the auction house website). Prop-erties on the website are among the world’s finest properties in excess of $1 million and showcases hundreds of listings valued at more than $10 million. listings feature photo tours, auction house spotlights, events, videos, and news from the international Affiliate network. The website vastly exceeds industry-standard performance in attracting qualified visitors to the website each month through SEO, SEM, inbound marketing campaigns, social media and web advertising. the site has active listings in 19 languages and more than 40 countries.
BuDGeRealestate.coM We will feature your property on our team’s top ranking website which is consistently in the top results on Google and other major search engines. Through our Proxio affiliation, our website can be authentically translated into 19 different languages.
JhRea.coM JhRe associates website consistently places in the top three of organic search results through Google, Bing and Msn. all JhRea listings are up-
ouR MaRketinG Venues
DiGital MaRketinG
Budge Realty Group offers the most comprehensive online marketing presence for our listings. With aggressive web presence and ongoing search engine optimization, we make sure buyers can quickly find your property on the Internet.
oveR 90% of
hoMe-BuyeRs BeGin theiR
seaRch online.
loaded to our top ranked network of web sites that generates over 5,000 visits a month.
chRistiesinteRnationalRealestate.coM christiesrealestate.com is one of the most popular luxury real estate sites in the industry. With an average price for a property listing on the site over $6 million, and monthly visits averaging 122,000 and over 54% interna-tional visitors, our listings are viewed by qualified buyers from all over the world.
RealtoR.coM Budge Realty Group are Showcase advertisers for all of our listings on Realtor.com “The World’s Most Visited Real Estate Web Site”. Showcase advertiser’s listings are displayed at the top of the web page as a sponsored ad. this membership also allows us to have more photos than other agents which allow our listings top-of-the-list priority in user searches.
zILLOW.COM zillow is the largest real estate network on the web with an Online marketplace that provides information on every aspect of real estate. As a zillow Premier Agent, our listings get more exposure with featured placement, exposure to Google and yahoo! Real estate as well as access to top-rated mobile apps. We are one of only three agents who can occupy the Premier Agent status for the Jackson, Wy zip code!
Wall stReet JouRnal Christie’s International Real Estate has teamed up with the Wall Street Journal in an effort to further their adver-tising initiatives. Being an affiliate of Christie’s affords Budge Realty Group the luxury of having all our listings uploaded to WallstreetJournal.com, reaching millions across the globe. visit realestate.wsj.com.
tRulia.coM Trulia is a revolutionary real estate search website with over 23 million visitors per month. As members of the Trulia Pro program and our top 1% profile ranking, our listings are not only found through searches, but are also featured on a sidebar advertisement.
ouR MaRketinG Venues
RoBB RePoRt the Robb Report not only showcases the products and services available from the most prestigious luxury brands around the globe, but it also provides its sophisticated readership with detailed insight into a range of these subjects including sports and luxury automobiles, yachts, real estate, travel, private aircraft, fashion, fine jewelry and watches, art, wine, state of the art home electronics and much more. connoisseurs seeking the very best that life has to offer, the Robb Report remains the essential luxury resource. visit the exclusive real estate website at www.exceptionalPropertiesonline.com.
luxuRyhoMes.coMBudge Realty Group personally advertises on luxuryhomes.com, a partnership with leading industry profession-als in real estate marketing, social media, technology, website development and more. these partnerships mean you can be assured of leading exposure through tools such as blogs, facebook, photos and video.
JhneWsanDGuiDe.coM Budge Realty Group personally advertises on Jackson’s most popular local newspaper homepage with a rotation of our listings. With an average of 210,000 monthly visitors, this is a valued local resource on the web.
JhPRoPeRtyGuiDe.coM this is a well respected, local Real estate resource that includes all our listings, as well as recent blogs and rele-vant news about our industry.
MultiPle listinG seRvice (Mls) as a member of the teton county Multiple listing service, your listing is exposed to over 500 agents in Jackson hole and surrounding areas.
DiGital MaRketinG
ouR MaRketinG VenuesDiGital MaRketinG
PRoxio JHREA is proud to be the only local member of this international MLS service. Today’s home-buyers and sellers are more diverse than ever before. according to the national association of Realtors, foreign buyers purchased $82 billion of u.s. residential real estate in 2011.
In response to this multicultural trend, Jackson Hole Real Estate Associates is proud to affiliate with Proxio, Inc., whose global marketing and networking platform authentically translates real estate listings into 19 languages so brokerages and agents can serve clients better. “Proxio’s mission is to bridge geographic and cultural borders, enabling agents to extend their reach and increase their service levels,” said Janet case, ceo and co-founder of Proxio. “Top real estate firms recognize that Proxio’s services fill an important multicultural marketing gap, and are taking full advantage of the opportunity to distinguish themselves from their competition.”
Brokerages that license Proxio services for listing translations on their public websites also gain access to an exclusive professional network of over 450,000 real estate agents in 115 countries, including members of over 40 national real estate associations on 6 continents. Proxio’s global real estate network is unique in exposing bro-kers’ listings in other markets and providing a system by which agents can connect with other agents on a global level. www.proxio.com.
307-733-6060
Greater Exposure For Your PropertyIncreases The Chance Of Sale
We've created the industry's most extensive online marketing program. Here are all of the w ebsites w here w e'll submit your property once listed, and many of these have extended netw orks as
w ell, resulting in exposure on up to 900 different sites!
© 2014 Mov e Sales, Inc. - Important: The information in this report is believed reliable butis not warranted or guaranteed, is general in nature and not based on knowledge of yourspecific circumstances, and should be independently verified in concert with yourprofessional advisors.
Greater Exposure For Your PropertyIncreases The Chance Of Sale
We've created the industry's most extensive online marketing program. Here are all of the w ebsites w here w e'll submit your property once listed, and many of these have extended netw orks as
w ell, resulting in exposure on up to 900 different sites!
© 2014 Mov e Sales, Inc. - Important: The information in this report is believed reliable butis not warranted or guaranteed, is general in nature and not based on knowledge of yourspecific circumstances, and should be independently verified in concert with yourprofessional advisors.
listhuB.coM JhRea has joined the #1 network for listing distribution on the web. all properties listed with us will automatically feed to over 60 real estate websites including zillow, Realtor.com and trulia.
eMail Blasts our over 25 years of experience and industry leading marketing have allowed us to build a network of contacts which we regularly send email campaigns to bring attention to our listings.
ouR MaRketinG Venues
CHRISTIE’S INTERNATIONAL REAL ESTATE MAGAzINE Rich with striking photography, elegant design, and engaging descriptions, the Christie’s International Real Es-tate magazine is a keepsake publication. Produced four times a year, the magazine reaches approximately one million readers annually. a targeted mailing list ensures that each issue is sent to individuals of exceptional means, including the world’s wealthiest homeowners, international entrepreneurs, business leaders, and celebrities.
CHRISTIE’S BROCHuRE PROGRAM Crafted for select estates, visually rich property brochures are distributed to over 350 cities in 40 countries for prominent display in Christie’s salerooms and many of the more than 1,000 global offices of the affiliated real estate brokerages. artful and alluring with superb production values, brochures articulate the splendid amenities and uncommon lifestyle opportunities presented by the properties. a custom direct-mail campaign to a carefully selected list of potential home-buyers is also available.
Jackson hole Real estate associates cataloGue Published twice annually, this catalogue features a comprehensive listing of JhRe associates active inventory. an-nual circulation is over 100,000 in both digital and print media. Budge Realty Group personally publishes all of our listings in this keepsake publication.
hiGhly effective PRint MaRketinG
chad budge, Owner, Associate Broker 307.413.1364dianne budge, Owner, Associate Broker 307.413.1362
rebekkah kelley, Sales Associate 307. 413.5294
250768
80 West Broadway, Jackson, WY 83001 www.budgerealestate.com
Vacant Lot on West Karns75 x 90 vacant lot on West Karns Avenue with mature landscaping and views of Snow King. MLS#11-822. $238,000.
Downtown Wilson Sophistication New modern custom designed home in downtown Wilson. Quiet street, professional landscaping, & large deck create the perfect sanctuary. Numerous green building features, modern styling, functional floor plan, and low maintenance materials create a simple but sophisticated environment. MLS#13-50. List Price $825,000.
3.9 Acre Horse Property Nearly 4 acres of horse property located close to the Snake River. This property features a spacious 3,900 sf home with an open floor plan and expansive decks. 4 bedrooms, 3 bathrooms, den, bonus room, and loft. In-floor hydronic heat, invisible dog fence & sprinkler system. MLS# 12-1059. $975,000.
Riverfront Retreat on the SnakeLarge family home with views of and direct access to the Snake River. A large manicured lawn and expansive decks make this home the perfect riverfront retreat. The home consists of 5,536 sq.ft. of living space, nearly 1,200 sq.ft. of decks, a 2 car garage, and 1,432 sq.ft shop. MLS#12-1035. $1,650,000.
Horse Property on Flat Creek
bedrooms: 3
baths: 2.5
Year Built: 1984
square footage: 2,628
acres: 12.57
MLS #: 11-2471
HOA Fees: None
price: $2,295,000
3955 S. Trail DriveJackson, WY
Quick Facts
Chad & dianne BudgeOwners, associate BrokersChad Cell: (307) 413-1364
dianne Cell: (307) [email protected]
BudgeRealestate.com
This 12.57 acre parcel is one of Jackson Hole’s most unique properties. Flat Creek meanders through the property offering one of the best water prop-erties in the valley, yet only 5 minutes from town. Whether you want room for your horses to roam, shop space for your equipment, or just some peace and quiet, this property can provide it all.
Unsurpassable Location
Lot 13 Also Available
JACKSON HOLE MAGAzINE each issue of Jackson Hole Magazine explores our western landscape and lifestyle using award-winning writers and pho-tographers. this local publication is distributed in key locations throughout the valley including the exclusive publication in-room at the four seasons and in private jet operators.
Jackson hole neWs & GuiDe Budge Realty Group has secured a permanent premium quar-ter page full color ad on the 1st page of Jackson’s weekly newspaper as well as tri-weekly advertising in the daily news-paper. in addition, our listings are guaranteed placement on the back page of the “valley” section, reaching 4+ million people each year.
custoM BRochuRes & PostcaRDs Budge Realty Group’s Rebekkah Kelley creates custom 2-4 page spread brochures on each of our listings. More in-depth property booklets are created for multifaceted properties. This is a key component to keeping a buyer’s interest in a property, partic-ularly when buyers are viewing up to 10 properties in a single day. addi-tionally, Rebekkah creates custom postcards which we use targeted direct mailing techniques to notify key individuals of a new listing.
ouR MaRketinG VenueshiGhly effective PRint MaRketinG
ouR MaRketinG VenuesaDDitional MaRketinG PlatfoRMs
unMatcheD Real estate DataBaseWe maintain the most accurate and up-to-date database on all real estate activity in Jackson hole. With 40+ years of data at our fingertips, we can track the trends and help guide to achieve your goals. This database is of special importance for targeted direct mailing campaigns and accurate quarterly market reports.
uniQue Daily Real estate BRoaDcastWe maintain the only daily real estate computer search that emails hundreds of buyers the day your property is listed, giving them quick access to photos and information about your property.
iMaGesuRGeWe have an exclusive partnership with imagesurge to provide an interactive real estate storefront. this cut-ting-edge technology enables consumers to search and view listings from outside our office storefront using through-window, touchscreen technology 24 hours a day.
social MeDiaWe actively participate in several social media networks including facebook, Pinterest, twitter, Google+, linke-din and vimeo. these platforms allow a unique opportunity for us to engage clients, drive brand awareness and increase our sphere of influence.
sPonsoRshiPsas owners of Jackson hole Real estate associates, we are committed members of the communities we serve. JhRea is a proud sponsor of old Bills, Jackson hole Wine auction and the centennial celebration, to name a few. through these sponsorships we gain a competitive advantage while giving back to the areas we celebrate. Jack-son Hole Real Estate Associates owners and affiliated brokers have contributed well over $1 million dollars and 10,000 hours to Jackson Hole non-profits to date.
270 Broadway
Revere, MA 02151
Tel. 617 299 0150
fax.617 399 0241
SEE IT IN ACTION !
wwwww.imagesurge.com
Our patent-pending touch-sensor
technology is the ONLY industry
solution capable of operating
through “Low-E” (energy
efficient) double-pane
commercial windows.
+1 617 299 0154
THROUGH-WINDOW LISTING SEARCH
SUNLIGHT-READABLE DISPLAYS
STOREFRONT-LEVEL LEAD CAPTURE: 24/7
MLS AND BACK-OFFICE INTEGRATION
VIDEO WITH THROUGH-WINDOW AUDIO
CUSTOM CONTENT MANAGEMENT
AAUDIENCE AND USAGE ANALYTICS
Interactive Real Estate Storefront™
cHRistie’s inteRnational Real estate
Our exclusive affiliation with Christie’s gives our company and our clients a positive marketing edge in today’s very competitive real estate market. We utilize this powerful international marketing network in several ways:
• Christie’s can design, produce and distribute a four-color Christie’s national/international brochure.
• We regularly place ads in the Christie’s International Real Estate Magazine.
• We participate in the Christie’s co-op ads in the new york times and Robb Report.
• We are linked to the Christie’s International Real estate website and our listings are featured in Christie’s unique Properties.
cHRistie’s inteRnational Real estate
Christie’s International Real Estate, a wholly owned subsidiary of Christie’s, the world’s oldest fine art auction house, was established in 1995 and is the largest network of real estate brokers dedicated to the marketing and sale of important properties. The network comprises more than 950 real estate offices and nearly 26,000 sales associates in more than 45 countries. The combined annual sales volume of all affiliate real estate companies was approximately $106 billion in 2013.
The Christie’s name is synonymous with quality, integrity, and customer satisfaction, and the marketing efforts of Christie’s and Christie’s International Real Estate provide far-reaching exposure to a qualified audience of homeowners and home buyers.
By combining efforts with the Christie’s fine art auction house and other Christie’s affiliates worldwide, JHREA is in a unique position to market high-value properties to both the art house clientele and the brokerage network.
How christie’s auction House relates to a home seller: • auctions have always been reckoned as the best means to convey property from a seller to a buyer –
fairly, quickly and efficiently. • Experience taught Christie’s that there’s a natural relationship between high-end art buyers and high-
end homeowners.• Combining the forces of a world renowned auction house and brokerage firms that have a leading
market share, high standards of service excellence, and proven records of success in handling distinctive properties enables the entire network to market and sell truly special properties.
aRt. Beauty. pRoVenance.
Jackson Hole Real estate associates NAMED CHRISTIE’S inteRnational Real estate GloBal affiliate of the yeaR
20 Rockefeller Plaza, New York, New York 10020+1 212 468 7182, Fax +1 212 468 7141
www.christiesrealestate.com
- 138 affiliated brokerages, 900 offices
- 45 countries
- 26,000 sales associates
- The only real estate network owned by a fine art auction house
- Specializing in luxury properties valued at US$1 million and above
- Network achieved US$106 billion in sales in 2013
QUICK FACTS
- Founded in 1766 by James Christie
- 53 offices in 32 countries
- 12 salerooms
- Over 450 sales annually in 80 categories
- Achieved US$4.5 billion in sales for the first half of 2014, the highest half year total in Christie’s history
- The first international fine art auction house to operate independently in mainland China, with Shanghai office set to open in October
2014 SALES HIGHLIGHTS
COPPER BEECH FARM
Sale price: US$120M Greenwich, Connecticut, USA David Ogilvy & Associates
2014 SALES HIGHLIGHTS
Barnett Newman
Black Fire I Price realized: US$84M
Francis Bacon
Three Studies for a Portrait of John Edwards Price realized: US$81M
Francis Bacon
Portrait of George Dyer Talking Price realized: £42M
FIFTH AVENUE PENTHOUSE
Sale price: $70M Manhattan, New York, USA Brown Harris Stevens
ELIES ESTATE
List price: €40M Porto Heli, Peloponnese, Greece Ploumis Sotiropoulos Real Estate
CHRISTIE’S INTERNATIONAL REAL ESTATE
CHRISTIE’S
Jussi Pylkkänen, President of Christie’s EMERI, selling Francis Bacon’s “Portrait of George Dyer Talking,” which realized £42 million (US$70 million)
Copper Beech Farm sold for a record US$120 million, the second-highest price ever achieved for a single-family home in the United States
As of July 22, 2014
cHRistie’s QuaRteRly statist ics
20 Rockefeller Plaza, New York, New York 10020+1 212 468 7182, Fax +1 212 468 7141
www.christiesrealestate.com
Total value of listed properties
STRONG GROWTH IN WEBSITE TRAFFIC AND PROPERTY VALUESSECOND QUARTER 2014 VS. SECOND QUARTER 2013
Number of visits *
524,088
Q2, 2013 Q2, 2014
US$3.9M
US$4.1M
Average property price
221 220
Number of countries with visitors to the site **
* More than 13,000 visitors came to christiesrealestate.com from a direct link on christies.com between April 1 to June 30. Source: Google Analytics.
** 66.2% of traffic from visitors outside of the United States. Source: Alexa.com analysis of christiesrealestate.com as of July 15, 2014.
*** Inquiries are defined as clickthroughs to an Affiliate website, clickthrough to Affiliate profile page, emails to agents, printing of property ads, and emails of property.
US$56B
US$65B
MORE THAN 34,000 INQUIRIES
GENERATED TO AFFILIATES
IN Q2, 2014***
Q2, 2013 Q2, 2014 Q2, 2013 Q2, 2014 Q2, 2013 Q2, 2014
439,986
20 Rockefeller Plaza, New York, New York 10020+1 212 468 7182, Fax +1 212 468 7141
www.christiesrealestate.com
EXTRAORDINARY LUXURY PROPERTIES, UNMATCHED INTERNATIONAL SCOPE15,800 PROPERTIES VALUED AT US$65 BILLION ON CHRISTIESREALESTATE.COM*
2%5%
11%
16%
66%
$1M - $3M USD $10M - $20M USD
$3M - $5M USD >$20M USD
$5M - $10M USD
Properties by price (number of properties) Properties by geography
31%
Northeast U.S. and Canada
Europe and Africa
Southeast U.S., South America and Caribbean
Asia Pacific Central U.S.WesternU.S. and Canada
27%
18%
11%
8%
5%
* As of July 15, 2014
local coMPaRison to ouR neaRest coMPetitoRs
WE’RE CLEARLy THE local MaRket leadeR
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CHRISTIE’S INTERNATIONAL REAL ESTATE - THE woRld’s luxuRy leadeR
20 Rockefeller Plaza, New York, New York 10020+1 212 468 7182, Fax +1 212 468 7141
www.christiesrealestate.com
ANNUAL TRANSACTION VOLUME 1
US$41B
SOTHEBY’SINTERNATIONAL REALTY
100
80
60
40
20
0
US$106B
30,000
25,000
20,000
15,000
10,000
5,000
2000
1000
800
600
400
200
NUMBER OF SALES ASSOCIATES 3 NUMBER OF OFFICES 3
14,500
700
27,700
950
100
80
60
40
20
0
PERCENTAGE OF INTERNATIONAL WEBSITE VISITORS 2
48.3%
61.2%
1) Source: “The Evolution of the Extraordinary,” Sotheby’s International Realty marketing video published December 4, 2013, http://youtu.be/E9V-wz_6wSE, noting “2005 - 19,000 transactions totaling $19 billion in sales, today over 59,000 transactions representing $41 billion”; Christie’s International Real Estate network, January 2014 (2013 annual sales volume as reported by Affiliate brokerages)
2) Source: Alexa.com comparison of christiesrealestate.com and sothebysrealty.com as of May 2, 2014
3) Source: Sotheby’s International Realty Press Release, April 10, 2014; Christie’s International Real Estate Network, April 28, 2014
COMPARATIVE METRICS
SOTHEBY’SINTERNATIONAL REALTY
SOTHEBY’SINTERNATIONAL REALTY
SOTHEBY’SINTERNATIONAL REALTY
As of April 30, 2014
leVeRage GloBal PaRtneRs
MARKET REPORTOVERVIEW OF THE JACKSON HOLE REAL ESTATE MARKET | 2014 QUARTER 3
Christie’s International Real EstateGLOBAL AFFILIATE OF THE YEAR
Overall MarketThe Jackson Hole real estate market finished the 3rd quarter of the year with rousing statistics. At 2014 mid-year, the market had yet to see much growth from the previous year. However, the end of the summer brought impressive gains from the previous quarter with total dollar volume remaining level compared to the same period last year with an approximate 12% drop in the number of sales. This is a shift from previous quarters in 2014 where the total dollar volume struggled to keep pace with the robust activity in 2013. The market has been able to maintain a level dollar volume of sales despite a double digit drop in the total number of transactions, it is a clear indicator that market values are increasing. When looking at the market as a whole - the average and median sale prices increased about 15% and nearly 14%, respectively. In fact, the average and median sale prices increased in every segment of the market. Market share continues to be taken away from the under $500,000 segment (down 5%) while the over $2M segment increased nearly 5%. Overall inventory continues to decrease each quarter. When compared to the third quarter of 2013, inventory is down 13%. See more detail below on each segment of the Jackson Hole real estate market.
Introduction
Market Overview by Segment
Single Family SegmentThe single family segment made incredible gains in price appreciation compared to the 3rd quarter of 2013. The median sale price of a single family home in Jackson Hole reached $1,100,000, a $300,000 increase from this time last year. The major difference being the shift from sales in the under $500,000 category (down 73%) to the sale of homes over $1M (up 15%). Finding a single family home under $500,000 can be challenging - there have been 9 this year compared to 33 this time last year. This growth is undeterred by the considerable drop in the number of transactions, which is down 22% over last year. As is typical of the single family segment, the majority of the transactions took place in the Town of Jackson and South of Jackson, albeit in much smaller quantities this year. The greatest increase in sales took place south of Wilson with a 138% increase in transactions. The single family home inventory remains low; particularly, homes under $1M with inventory down 23%.
MLS #13-1960 | $17,850,000
Sold
Active
0
50
100
150
200
250
Active vs. Sold by Market Segments(through Quarter 3)
Single Family Condo/ Townhome
Land Luxury Commercial
206
84
207
127
29
173154
78
34 39
www.JHREA.com | 888.733.6060 | 80 W. Broadway, Jackson, WY
MLS #14-1246 | $11,000,000 MLS #14-428 | $4,995,000MLS #12-1183 | $6,900,000
www.JHREA.com | 888.733.6060 | 80 W. Broadway, Jackson, WY
Condominium & Townhome SegmentCondominiums and townhomes in Jackson Hole have been on the upswing. With a more affordable price tag than single family homes, condominiums and townhomes have been very popular and transactions have remained level when compared to last year. This stability contributed to a total dollar volume increase of 5%, making this the only major segment of the market with an increase in total dollar volume. Condominiums and townhomes were among the first properties to experience appreciation and sale price gains during the market recovery. This trend has continued this year with both average and median sale prices increasing approximately 7% - 8%. The median sale price of a condominium/townhome in Jackson Hole has risen to approximately $452,000. About half of the condominium/townhome sales this year were under $500,000. At this time last year, nearly 60% of the sales were under $500,000. The lack of inventory was especially prominent in this segment of the market with active listings at the end of the 3rd quarter, down 27% from last year.
Vacant Land SegmentThe vacant land segment of the market has made continued improvement. While the number of sales were down about 20% from 3rd quarter of 2013, the average sale price was up 20%. This was spurred by a 55% increase in the number of sales between $2M and $5M, and a 34% decrease in the number of sales under $500,000. Possibly a more accurate measure of the vacant land market is the median sale price which increased 2% over last year. Historically, the Town of Jackson and the area South of Jackson compete for the most land sales of any other area. However, the Town of Jackson had a huge drop (down 78%) in land sales compared to this time last year, and the area South of Jackson proved to be a hotspot with 24 total land sales. This accounted for about 31% of all land sales this year, far more than any other area. The vacant land segment as a whole has continually improved each quarter since market recovery. Land sales have been marred by the huge amount of inventory in the past, however, this trend continues to improve, with an approximate 10% drop in the number of parcels currently listed for sale. Vacant land will become more popular with buyers as existing home inventory diminishes, as well as affordability.
Market Overview by Segment (continued)
2013 Quarter 3 2014 Quarter 3 2013 Quarter 3 2014 Quarter 3
Sales Distribution by Type Sales Distribution by Price
Condo/ Townhome
31%
Single Family44%
Vacant Land19%
Other6%
$500K - $1M34%
Under $500K31% $1M - $2M
19%
$2M - $5M14%
Over $5M3%
Condo/ Townhome
35%
Single Family39%
Vacant Land18%
Other9%
$500K - $1M32%
Under $500K36%
$1M - $2M19%
$2M - $5M11%
Over $5M2%
Luxury Market Spotlight
Sold | 14-553
Jackson Hole, Wyoming is synonymous with luxury and is an international marketplace for luxury real estate. The demand for high quality, exclusive properties has outperformed this time period last year by approximately 18% when looking at the number of transactions. The total dollar volume of those transactions accounted for over $160M in sales, an approximate 11% increase over last year.
Record Sale (through Q3): $24,500,000*
Average Sale Price Above $3M: $5,706,708
Number of Sales Above $3M: 26*listing price
Jackson Hole Real Estate Associates exclusively owns and maintains the valley’s oldest and most comprehensive database. The Jackson Hole Real Estate Associates’ Market Report, unlike others in the valley, is derived from the JHREA proprietary, forty year old database (not just mls data) as well as decades of history and success making this the most trusted and accurate real estate report in the region. No other real estate company or agent has the resources available to offer this depth of expertise or insight regarding current or previous market conditions. The unmatched resources and knowledge of Jackson Hole Real Estate Associates, the largest and most dynamic real estate company in the region, combined with the largest luxury real estate affiliation, Christie’s International Real Estate, offer the ideal balance of local expertise and global reach.
For additional information or a market update in your area, please do not hesitate to contact one of our real estate professionals.
307 733 6060 TEL
307 733 3483 FAX
www.JHREA.com
PO Box 4897Jackson, WY 83001
80 West Broadway
Jackson, WY 83001
270 West Pearl
Jackson, WY 83001
Snow King Hotel Jackson, WY 83001
PO Box 3225181 Alpine DriveAlpine, WY 83128
307 654 7575 TEL
PO Box 846235 South Main StreetThayne, WY 83127
307 883 7575 TEL
65 South Main StreetDriggs, ID 83422208 354 7325 TEL
Our Locations
www.JHREA.com | 888.733.6060 | 80 W. Broadway, Jackson, WY
* The statistics used in this report are from the Teton Multiple Listing Service (MLS) and JHREA’s internal database.* This report does not go into detail on every segment of the market, but is intended to offer an overview of general market conditions.*All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
0
20
40
60
80
100
120
140
160
180
200
220
240
260
280
300
Number of Sales by Quarter
1Q0
7
2Q
07
3Q
07
4Q
07
1Q0
8
2Q
08
3Q
08
4Q
08
1Q0
9
2Q
09
3Q
09
4Q
09
1Q10
2Q
10
3Q
10
4Q
10
1Q11
2Q
11
3Q
11
4Q
11
1Q12
2Q
12
3Q
12
4Q
12
1Q13
2Q
13
3Q
13
4Q
13
1Q14
2Q
14
3Q
14