Market Report
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Monthly Market Analysis All MLS Reported Sales Information for Teton Valley July 2010
Year-to-Date Homes Sold  Year-to-Date Lots Sold 
Detailed Market Analysis — Last Month Building Sites < 10 Acres
Building Sites > 10 Acres
Homes < $350,000
Homes from $350,000 - $750,000
Homes from $750,000 - $1,250,000
Homes > $1,250,000
We hope this information has been beneficial to you. Thank You! | Click here to contact an agent with market questions. Sage Realty Group would like to welcome you to our Market Report and Analysis. The first six-months of real estate sales in Teton Valley rounded out with a promising 23% increase in total sales volume over last year’s sales-to-date, while marketed properties declined by 24%. For all homes on the market the average sales price this year-to-date over last year-to-date has fallen a negligible 3%, leading us to believe that we may be at the bottom of the residential market price-wise. While the median list price for a home in Teton Valley was $309,000 at the end of the 2nd quarter, the median sales price was $250,000, showing us that it is still a buyer’s market. With prices leveling out to 2003 levels, many would-be home builders are opting to buy finished homes for less than they could build them for. With 350 homes currently on the market in this price range and a 26% decline in days on market it looks like a great time to invest in the area while the deals last. Lot and land sales are facing less competition with 33% less lots on the market this year than last. While average prices & volume of lot sales have fallen significantly over the last year, only 23 lots total have sold in Teton Valley in the 1st & 2nd quarters of 2010. This leads us to believe that land prices will continue to drop since buyers are in short supply. By way of comparison, 2007, the last boom year brought about 626 land sales valley-wide. With rising heat and falling prices, now could be the time to secure a cool deal in the high mountain valley below the Tetons. Community events, music, hiking, biking and horseback riding abound this time of year and offer Teton Valley residents plenty of recreational options. We look forward to keeping you tuned in to the market data we are watching. Please feel free to contact us if you have any questions or would like more detailed information. To view all archived market reports click here. * This information reflects data gathered from Teton Valley, ID. This includes Tetonia, Driggs, Victor and Alta, WY. To view all archived market reports click here. * This information reflects data gathered from Teton Valley, ID. This includes Tetonia, Driggs, Victor and Alta, WY.  RSS Market Report |
