New Development in Star Valley

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New Development in Star Valley. Owners are taking reservations for Lots. Subdivision consists of 9 lots with 6 lots that boarder BLM land and National Forest. Subdivision is in the process of being annexed by the Town of Star Valley Ranch. The subdivision will have its own set of CCR’s and will not be a part of the Star Valley Ranch Association. The lots set on a bench at the mouth of Cedar Creek Canyon among the pines and aspens. lots are between 2.44 acres and 7.04 acres. The subdivision is one of a kind in Star Valley and provides seclusion yet all lots will enjoy the town amenities. Water will be provided by the Town and the Town will maintain the roads. Call today for an appointment to view the lots. Two lots are now reserved
The owners are currently taking reservation for lots. Call Jerry for more Info. 307-690-4010

Star Valley Property

Homes in Star Valley – Real Estate Statistics

Star Valley Real Estate  – Statistics.

Latest statistics for September 28, 2015 to October 5, 2015.

Home Sales      5           Highest Price  $469,900  Lowest Price $165,000

Land Sales        2            Highest Price   $222,750    Lowest Price $12,000

Ranches  Sold  0

Commercial      0

Year to Date Statistics for 2015

Home Sales      200          Highest Price  $2,900,000   Lowest Price $20,700

Land Sales        101           Highest Price  $480,000     Lowest Price $8,000

Ranches  Sold   3                Highest Price   $2,450,000   Lowest Price $225,000

Commercial      7                 Highest Price  $365,000     Lowest Price $169,000

Statistics for Star Valley Real Estate are  obtain from the Teton Board of Realtors MLS system and are provided on this blog by  –

Jerry Hodson Hodson Associated Broker

 

Jerry@instarvalley.com

307-690-4010

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Star Valley Real Estate – Week of Sept. 14

Star Valley Wyoming Real Estate Statistics.

Latest statistics for September 7, 2015 to September 13, 2015.

Home Sales      13           Highest Price  $390,000   Lowest Price $119,000

Land Sales        5            Highest Price   $222,750    Lowest Price $8,000

Ranches  Sold  0

Commercial      0

Year to Date Statistics for 2015

Home Sales      193             Highest Price  $2,900,000   Lowest Price $40,646

Land Sales        97             Highest Price  $480,000     Lowest Price $8,000

Ranches  Sold   3                Highest Price   $2,450,000   Lowest Price $225,000

Commercial      7                 Highest Price  $365,000     Lowest Price $169,000

Statistics for Star Valley Real Estate are  obtain from the Teton Board of Realtors MLS system and are provided on this blog by  –

Jerry Hodson Hodson Associated Broker

 

Jerry@instarvalley.com

307-690-4010

 

 

looking East

Thayne, Wy. Building Lot

STAR VALLEY REAL ESTATE

Just Listed the 5.19 acre Horse Property just south of Thayne, Wy. $92,000

Hard to find lot in Riverview Ranchettes. 5.19 Acres ready for your home and Horses. Great locaton just 3 miles from Thayne, yet very secluded subdivision. The views are great and the neighborhood is wonderful. The lot is rolling. Well is already on the property. Great Horse Property.

Call Jerry Hodson

307-690-4010

Associate Broker

Jackson Hole Real Estate Associated

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Star Valley Real Estate Sales Week Of September 7, 2015

Star Valley Wyoming Real Estate Statistics.

Latest statistics for September 7, 2015 to September 13, 2015.

Home Sales      2           Highest Price  $311,000   Lowest Price $265,000

Land Sales        3           Highest Price   $20,500    Lowest Price $18,500

Ranches  Sold   1           Highest Price   $225,000

Commercial      0

Year to Date Statistics for 2015

Home Sales      176             Highest Price  $2,900,000   Lowest Price $40,646

Land Sales        92              Highest Price  $480,000     Lowest Price $13,500

Ranches  Sold   3                Highest Price   $2,450,000   Lowest Price $225,000

Commercial      7                 Highest Price  $365,000     Lowest Price $169,000

Statistics are obtain from the Teton Board of Realtors MLS system and are provided on this blog by  –

Jerry Hodson Hodson Associated Broker

 

Jerry@instarvalley.com

307-690-4010

 

Star Valley Ranch

Star Valley Ranch – Newly Remodeled

Home sits at the mouth of Prater Canyon on Star Valley Ranch. It is just a short 1/4 to national Forest. The lot is over 1 acre and has many pine trees providing shade in the summer and shelter for the many birds and wildlife. The home has 5 bedrooms and 3 bathrooms and a large 3 car attached garage with plenty of room for a workshop. This is an exclusive area of Star Valley Ranch where all the lots in the plat are 1 acre in size. The home has large vaulted windows that provide light and they give you the feeling of being out amongst the pine trees.

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Star Valley Ranch – Log Home for Sale

Magnificent Log Home on Star Valley Ranch. Built in 1992 by a master craftsman, the detail on the home is fantastic. A new metal roof was installed in 2008. Complete landscaping with a asphalt driveway and concrete pad at entrance to driveway. The great room and kitchen are open with soaring vaulted ceilings and cathedral windows that let the light in. Two bedrooms a full bath and laundry room round out the main floor. The loft has one large bedroom and a full bath and can be used as a master. The basement has two full bedrooms, a full bath, wet bar and family room. Basement has a walkout door to the yard. One bedroom in the basement does have a window and one does not.

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Wyoming the Way the West use to be

Wyoming Tax Advantages
By Gonnella Adamson, PC

Wyoming has frequently been cited as one of the best states for  individuals to reside or as a situs for entities or trusts.  Besides taxes, some of the reasons include the following:

Taxes:

  • No state income tax
  • No state corporate income tax
  • No state gift tax
  • No state estate tax
  • No excise tax
  • No intangibles tax
  • No inventory tax
  • No tax on mineral ownership
  • Low real estate tax

Dynasty Trusts: Wyoming has enacted a 1,000 year term limit on multigenerational trusts. As a result, a properly formed and administered Wyoming Dynasty Trust can be exempt from gift, estate, and generation skipping transfer taxes for up to 1,000 years.

Private Trust Companies: A private trust company provides the potential to centralize control and management of family trusts and assets, establish trust situs in Wyoming, and provide continuity of trusteeship, the opportunity for greater investment flexibility, and the ability to educate and involve younger generations. Unlike many states, Wyoming allows both regulated and unregulated private trust companies, and the regulated trust company capital requirement is lower than most states.

Anonymity: Wyoming has made an effort to provide privacy for the identity of individuals and families.

Limited Liability Companies: The Wyoming Secretary of State does not require the identities or addresses of the managers or owners to be filed in the public record.

Trusts: The state of Wyoming does not require the disclosure of trust agreements, trust assets, or trust beneficiaries.

Asset Protection:

Qualified Spendthrift Trust: In 2007, Wyoming enacted statutes for a self-settled asset protection trust, specifically known as a Wyoming Qualified Spendthrift Trust (QST). In a properly drafted and administered Wyoming QST, the grantor of the QST and the grantor’s family can be the beneficiaries of the QST, but still maintain creditor and liability protection.

Charging Order Protection for Limited Liability Companies: The Wyoming statutes provide that a creditor’s sole remedy against a limited liability company (LLC) member is a charging order against the debtor’s LLC interest. This means the creditor may only attach distributions from the   LLC, the creditor cannot force a dissolution of the LLC, and the debtor’s voting rights are not   affected.

State Income Tax Liability Protection: For residents of states that impose an income tax, transferring assets to a Wyoming Incomplete Gift Non-Grantor (WING) trust could substantially decrease state income tax liability.  The Internal Revenue Service recently issued a private letter ruling (PLR 201310002) allowing such a structure for a Nevada Trust.  A properly drafted WING trust will allow the grantor to retain a beneficial interest in the assets and avoid state income tax in the grantor’s home state without gift tax consequences. In addition, a WING Trust can combine state income tax savings with the asset protection benefits of a Wyoming Qualified Spendthrift Trust.  Only Wyoming, Nevada, and possibly South Dakota have enacted trust laws that comply with IRS requirements for a valid Incomplete Gift Non-Grantor trust.

Modern Trust Statutes:

Trust Protectors: Wyoming has enacted trust protector statutes, which allow a disinterested party to make certain modifications to irrevocable trusts that would otherwise require court approval.

Virtual Representation: The Wyoming statutes allow certain parties to represent and bind minor or unborn trust beneficiaries.

Modification of Irrevocable Trusts: The terms of an irrevocable trust, generally unchangeable, may be modified with the consent of the beneficiaries and grantor, if living.

Decanting: Effective July 1, 2013, Wyoming has enacted a decanting statute allows a trust’s assets to be transferred to another trust with substantially the same dispositive terms.

 

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Star Valley 2015 Mid Year Report

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OVERALL MARKET

The real estate market in Star Valley showed a positive increase in the number of sales for both single family homes and building

sites in the first half of 2015 when compared to the first half of 2014. The total number of transactions increased 21%, from 140

sales in 2014 to 170 sales YTD 2015. Sales volume increased from $30,447,586 to $34,526,148, but the average sales price actually

decreased from $217,483 to $203,095. This decrease can be attributed to the large number of vacant building site transactions

which lowered the total average sales price by nearly 71% across the board.

Regarding inventory, at mid-year 2015 there were 750 active listings in the Star Valley area. This is about a 1% decrease from 761

active listings at mid-year 2014.

SINGLE FAMILY SEGMENT

As of 2015 mid-year, there were 99 single family homes sold, an approximate 12% increase when compared to 2014 mid-year

(88 single family homes sold). Total dollar volume in the single family segment was up from $24,023,561 to $27,797,836 in 2015.

Average sales price increased about 2% from $272,995 to $280,786. Single family homes on average sold for 97% of last list price.

At mid-year 2015, there were 198 single family listings on the market, a 23% decrease from mid-year 2014 where there were 258

single family listings.

THE TOTAL NUMBER OF TRANSACTIONS INCREASED 21% IN THE STAR

VALLEY REAL ESTATE MARKET WHEN COMPARED TO MID-YEAR 2014.

 

RESIDENTIAL BUILDING SITE SEGMENT

Building sites experienced a 34% increase in number of transactions, from 44 sales in 2014 to 59 sales mid-year 2015. This actually

contributed to a 22% decrease in total dollar volume, from $5,092,513 mid-year 2014 to $3,968,173 mid-year 2015. The average

sales price fell 41%, from $115,739 to $67,257. Inventory was still high in this segment of the market at mid-year 2015, with 458

building sites on the active market. This was an 8% increase from mid-year 2014 where there were 423 building sites available for

sale.

COMMERCIAL SEGMENT

Commercial sales doubled from three to six sales mid-year 2015. The average sale price was up 85% from $111,004 to $204,500.

Total dollar volume jumped 270% from $333,012 to $1,232,399. Of the few commercial properties that sold through mid-year

2015, the sales prices averaged 76% of the last list price.

CONDOMINIUM & TOWNHOME SEGMENT

This segment of the market didn’t see much activity in the first half of 2015, with only 3 transactions. Total sales volume jumped,

from $498,500 mid-year 2014 to $633,000 in 2015. The average sales price increased from $124,625 to $325,000.

VALLEY STATS

As of mid-year 2015, the least expensive active listing in the Star Valley market was a .30 acre building site in Star Valley Ranch,

listed for $7,000. The most expensive listing in the Star Valley market was a 245 acre ranch on the Salt River, with a 7,260 square

foot home, listed for $7,750,000.

The least expensive Star Valley listing sold through mid-year 2015 was a 1 acre building site in Star Valley Ranch listed for $14,900.

The most expensive Star Valley listing sold was a home in the Alpine Airpark Refuge listed for $2,700,000.