3 Creek Ranch Real Estate Update
August 1, 2009
3 Creek Ranch Developer Promotion Update
For the first time since our release, 3 Creek Ranch is offering the remaining 14 developer sites at significantly reduced prices along with developer financing. In today’s market, we have found that those searching for an exclusive private mountain community are focused on finding stability, value, world-class amenities and a lifestyle second to none. If that is the standard of living you have been looking for, welcome home.
As we enter our fifth season at the Ranch, all amenities are fully developed and our entire infrastructure is complete. Not only does the Golf Club have zero debt, but they also have a thriving and vibrant membership with approximately 165 memberships. Our remaining developer and select resale home sites have been reduced by 25% on average. In short, this is the time to take advantage of a buyer’s market and build your dream mountain retreat amidst the splendor of the Teton Mountain Range. Current developer home sites include two 35-acre Ranch Parcels, ten Estate Sites and two Cabin Sites. Developer financing will be offered to the first six buyers wishing to take full advantage of this promotion. This will be offered on all developer sites that close in 2009, with the following terms:
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First 3 buyers: 25% down, 0% interest, 2 years
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Next 3 buyers: 25% down, 5.75% interest, 3 years
This financing program will be closed after six sales, so we encourage you to visit and tour the Ranch before this promotion ends. Financing is also available on select resale home sites. Additional incentives will be offered to Club Members. For more information about ownership opportunities or to schedule an appointment, please call us at 1-888-920-9292.
We look forward to seeing you at the Ranch this summer.
January 2009
MESSAGE FROM THE REAL ESTATE BROKERS
Greetings from 3 Creek Ranch Real Estate Services! We have had quite the year in Jackson Hole with record-breaking snowfall that resulted in a beautiful, green summer. I encourage everyone to make a trip to Jackson Hole this winter to enjoy what is sure to be another incredible ski season complemented by the opening of the new Tram at Jackson Hole Mountain Resort.
As we wind down the fall season, activity at 3 Creek Ranch continues to gain momentum as money coming out of the volatile markets looks for stable real estate investments. Even in our market today, our most recent advertisement in the September 19, 2008 edition of the Wall Street Journal received the highest response of the year. Since the initial marketing of sales in 2004, 3 Creek Ranch Real Estate Services has successfully closed 123 of the original 136 home sites. Additionally, re-sale sites and homes continue to flourish with constant activity.
2008 has been the year of opportunity as we experienced our first Buyer Market since our release. Over 60% of sales this year have been existing owners confident in the long-term values and future of The Ranch. Closed property dollar volume year-to-date is down from 2007, which was a record year at The Ranch, but in-line with 2006 numbers. We have once again out-performed our segment in the Jackson Hole market by over 25%, placing us squarely in the crosshairs of buyers looking for stability. In short, there has never been a better time to buy at 3 Creek Ranch.
As we move into winter, motivated sellers take a hard look at offers below list and occasionally even below appraised values. Seller financing is available on select properties with very attractive terms. Higher Cabin Home inventories have forced prices down on non-Teton view locations with many homes now priced $500,000 below replacement cost.
2008 was also a year of record sales for Protected Teton View Sites. 3 Creek Ranch continues to reach national and local markets from our impressive marketing campaign and, of course, word of mouth. Our website is regularly updated, so please visit the site (www.3creekranch-jh.com) to read the current fishing report, nature sightings and much more. You can also see our advertising efforts in publications such as Wall Street Journal, Cowboys & Indians, Town & Country, Jackson Hole Magazine, Jackson Hole Skier, Jackson Hole News & Guide and Jackson Hole Daily.
3 Creek Ranch Real Estate Services is the exclusive on-site brokerage, which has a history of wonderful customer service along with the highest level of market expertise. Please stop in the Sales Office and learn what makes 3 Creek Ranch such a special place. For more information about ownership opportunities or to schedule an appointment, please call us at 1-888-920-9292 or e-mail me at tdomenico@3creekranch-jh.com.
I look forward to assisting you in finding your niche at 3 Creek Ranch.
Todd A. Domenico
3 Creek Ranch Real Estate Services
Broker/Director of Sales & Marketing
June 2008
3 Creek Ranch Real Estate Services has a new face in the office. Peanut Smith recently joined the Sales Office as the Closing Administrator and Office Manager. Peanut moved to Jackson after attending The University of the South in Sewanee, Tennessee where she received her bachelor's degree in Art History with a minor in European History. Peanut has lived and worked in Jackson Hole in the real estate field for the past two years and recently received her Wyoming Real Estate Sales license. In her free time she enjoys playing tennis and skiing. She is excited to work with the 3 Creek team and looks forward to meeting everyone this summer!
Spring 2008
In direct defiance of the unsettled real estate market in the rest of the nation, Jackson Hole, Wyoming was the setting for over $1.5 billion in real estate transactions in 2007, surpassing even the previous year's record-breaking sales. We are pleased to announce that 3CR Real Estate Services handled over $67 Million in transactions during 2007, making it one of our most successful years to date. Closed properties in 2007 were comprised of 12 Cabin Sites, 7 Estate Sites, 3 Ranches and 3 Cabin Homes. With a strong January showing, closings of over $8 million, we look forward to 2008 and believe sales will continue to take place at a desirable pace.
Perfectly situated in the Greater Yellowstone Ecosystem at the entrance to two famous national parks, three world-class ski resorts, and offering an extremely high quality of life, Jackson is a magnet for those wishing to relocate from other areas of the country. Wyoming is the 'Wealth-Friendliest State' according to Bloomberg Wealth Manager and has become a safe haven for those looking to avoid personal income tax, corporate income tax, capital gains and inheritance tax at the state level. The available inventory of real estate here in the Jackson Hole valley is at a 20-year low, adding to the exclusivity and desirability of owning property in this incredible location. Raw land is scarce considering the fact that 97% of the land in Teton County is protected from development in perpetuity. As of February 2008, there are only 105 active listings of raw land for sale in all of Teton County.
Fortunately, at 3 Creek Ranch we are thrilled to offer an incredible inventory of highly desirable home sites, which currently includes 10 Cabin Sites, 16 Estate Sites and 3 Ranches. We also have a number of meticulously built, high-end, luxurious Cabin Homes, perfect for families wishing to take part in the incredible lifestyle Jackson Hole has to offer.
Travel + Leisure's 2008 America's Top 25 Golf Communities ranked 3 Creek Ranch #10 on the Annual List of the Best Places to Live and Live Well. The highly respected magazine states:
"Outdoorsy though they may be, 3 Creek Ranchers delighted in last summer's opening of the main clubhouse. Along with giving them a place to store calories (chef Marcel Beauclair arranges that), it offers more ways to burn them, including an ultramodern workout facility, reportedly open twenty-four hours. Various contingents engage in bird banding, astronomy activities and the road-cycling club, and fishing takes place on the property's world-class sporting streams. Rees Jones designed the course, fitting it snugly along the Teton landscape."
If you are interested in learning more about 3 Creek Ranch, please feel free to call us at 1-888-920-9292 or simply stop by the On-Site Sales Office to take a tour of our magnificent property. We are available seven days a week to assist you and will be happy to answer any questions you may have.
Todd Domenico
Broker / Director of Sales & Marketing
3 Creek Ranch
www.3creekranch-jh.com |
