Diane Nodell Real Estate Inc.

With Spring break and the ending of our winter sports season life is becoming quieter here in Jackson. However many activities are still available: The 33rd Annual Pole Peddle Paddle will be held April 4 9:00 am-5:00 pm with 4 legs: Alpine Ski Leg, 10 km Cross County Ski Leg,19.8 Bicycle leg, 9 mile boating leg. (For more information www.jhskiclub.org). April 11 10:00 am-11:00 am the Town Square Easter egg hunt will be held for the fun of our little ones. The Teton County Library Foundation and the Teton County Library invite you to attend a presentation by internationally acclaimed author Alexander McCall Smith April 23 beginning at 8:00 am. For more information please contact Oona at odoherty@tclib.org. And finally April 17, 2009 8:00 am Yellowstone National Park opens to motor vehicles for the season with the West side roads Mammoth to Norris Junctions to Madison Junction to Old Faithful; Madison Junction to West Entrance and Norris Junction to Canyon. More openings next month. For up to date information please call 307-344-7381.

SKI REPORT: Jackson Hole Mountain Resort closes for the season April 4, 2009. Season to date there is over 410 " of snowfall with snow depth of 96" on the upper mountain and 321 " of snowfall and 75" mid mountain with 9 out of 12 lifts open, 116 of 116 trails and 38 of 48 groomed trails. Please check the following link for the latest avalanche report :www.jacksonhole.net/snow-report.htm Snow King Resort is snow closed for the season..Grand Targhee Resort has a snow depth of 90" with all 5 lifts, all 74 trails and over 2500 acres open until April 12, 2009.

NATIONAL & STATE REAL ESTATE NEWS:

According to the Rocky Mountain Resort Alliance ( which includes participation not only from the Teton County Board of REALTORS but from Summit County, Steamboat, Winterpark, Telluride, Aspen and Vail Colorado, Park City Utah, Sun Valley and McCall Idaho and Whistler British Colombia, the Jackson Hole region offers the most affordable real estate in the various included mountain resorts. Please contact any of our agents for details.

From the National Association of REALTORS: "The 2009 Home Buyer Tax Credit is a bill that provides for a $8,000 tax credit that would be available to first time home buyers for the purchase of a principal on or after January 1 and before December 1, 2009. The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 rules:the tax credit will be claimed on a tax return to reduce the purchaser's income tax liability. If any credit amount remains unused then the unused amount will be refunded as a check to the purchaser".As well N.A.R. opposes any changes to the current laws regarding mortgage Interest Deduction. Individuals are now permitted to deduct mortgage interest paid on mortgages for a principal residence and for one additional residence. the $1 million limitation represents the combined allowable debt on two residences. Mortgage interest on up to $100,000 of debt on home equity loans or lines of credit also qualifies for the deduction.

STATISTICS: (Teton Board of REALTORS MLS includes Teton County WY and ID, as well as Lincoln, Sublette and Fremont WY Counties)Current total Teton Board of REALTORS' MLS Active listings: 4153 with a total volume of $3.3+ billion Total number of pending contracts within the past 30 days: 125 with a total volume of $120+ million. Total closed sales during the past 30 days: 72 with a total sales volume of over $36 million. Year to date 83 closed sales with a total volume of over $72 million

Diane Nodell Real Estate Inc . as of this date represents 17 active listings, including single family homes, town homes & condos, vacant ground and commercial opportunities, with a volume totaling $17+ million. We have 3 pending transaction representing approximately $3.7 million.

CONTACT US FOR A CUSTOMIZED ONGOING BEST BUY LIST. All real estate is local and the Jackson Hole real estate market continues to enjoy a vast inventory in all price points with Buyers still finding the perfect property with well negotiated contracts. It is a Buyer's market and with interest rates at all time lows it is a great time to buy in Jackson Hole. Depend upon our experts to show you every property that match your specific parameters so that you can make the most informed and best decision concluding with a successful and well managed transaction. WE ALWAYS welcome you to contact any of our agents with questions about our market, for ongoing e-mail property updates tailored to your parameters or to discuss a marketable price to sell your home. We understand this market and can help you determine the best course of action for you .