Teton Valley including Alta saw nearly 200 residential single-family sales in 2016, an improvement from 2015, even though inventory remains low. Condo and townhouse sales were on par with the year prior, though prices have increased in various sectors in the Valley. The number of building site sales in the Valley increased by 10% in 2016, and the average sale price ended at over $120,000 for the month of December 2016.
Building a Home? New Construction Tips, Q & A
Deal of the Week
17 Cold Springs Ln. Teton Springs
Originally listed in 2015, this home is now looking like a bargain after coming back to market.
Why it’s a good deal:
Located on a cul-de-sac in one of Teton Valley’s premier resort communities.
How much?
Back on Market, $795,000.
How quick will it sell?
Likely before the snow melts.
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Settlement statement breakdown, what is a flood certification?
If you have ever obtained a loan on a property, and reviewed your settlement statement break down prior to closing, you’ve probably noticed a breakdown of fees associated with your loan. We don’t normally see some these things when it comes to cash transactions. One of those fees required by most lenders is the flood certification fee. It can sometimes be overlooked, typically the cost is less than $100. So what is it?