We met Tayson because a realtor in neighboring Idaho Falls didn’t know enough about the Teton Valley market. That was very serendipitous. When we first talked with Tayson, we just wanted a Teton view property. Tayson recommended we spend several hours in the valley looking at what was available. I was busy and just wanted a Teton view property. But, at Tayson’s insistence, we spent most of a day looking at property in the valley. That was a revelation. What we didn’t quite understand but Tayson knew well was the view was only part of the equation. View corridors, power lines, adjacent and visible property condition as well as zoning, roads, development ownership and myriad other considerations had a real impact on the view experience. That was time well spent. Tayson was patient with our questions and provided copious information from which we made our decision. Our choice of property was complicated by some bank issues. It is, by no means, a straight forward purchase. Tayson introduced us to the necessary people to work through our concerns and to complete our due diligence. He was available when we needed him and has led us through the process. Tayson is a home town realtor. That’s a really good thing. He was there when we needed access to the property through snow when my car wouldn’t get me there. He has kept us informed about all details of the transaction and any associated information that could impact our decision. His knowledge of the local market, people and processes is invaluable. I can’t recommend Tayson more emphatically. If you want someone who knows their business, the area, the people, land value nuances and is vested in your best interest, you need go no further than Tayson.
Deal of the Week
With sub 300k homes in high demand both in Teton Valley and Star Valley, commuters are starting to feel the housing crunch.
The solution? These cool, new, Quality townhouses in Driggs Idaho.
Why it’s a good deal:
New construction, no homeowners dues. This will help first-time home buyers qualify for a slightly higher amount, and give them the opportunity to do their own yard maintenance and snow removal rather than paying a homeowners association. City plows the streets.
How much?
269K, landscaped.
How quick will it sell?
There are four available currently, you have a little bit of time. Don’t wait ’till the end of the summer.
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Teton Valley Spring/Summer ’16 activities outlook
Looking forward to springtime of 2016, we anticipate continued growth in the market with an increase in construction. Demands for housing have driven the pricing for rentals and purchases higher than past years. Both spec building and owner building will once again command our market, but in the meantime, we continue to see steady, incremental price increases throughout the Valley.
Spring and summer in Teton Valley has always been attractive for the local and the tourist alike. The snow begins to recede and Grand Targhee closes winter operations in preparation for an expansive mountain biking, hiking, and recreational summer. The rivers and creeks begin to fill, and the birds chirping seems to breathe life back into the entire ecosystem.
As summer progresses the warm temperatures and green luscious vegetation invite the locals and visitors outdoors. Whether it be fishing or floating the Teton River, mountain biking in the Tetons or Big Holes, bird watching over the wetland areas, or hiking around our numerous trails and pathways, there’s no limit to the activities that drive you.
True to form, July is always a busy month in the Valley. Kicking off the Independence Day Celebrations with Hot Air Balloon rides, parades, fireworks and a plethora of activities, the community is buzzing from the beginning to the end of the month. The Teton Valley Tin Cup Challenge has grown in popularity every year. The 9th annual Tin Cup Challenge occurs on July 16, 2016. With a fun run and matched giving period non-profit organizations raise awareness and funds to support vital services for locals in Teton Valley. The Music on Main free weekly concerts are well underway, and a great time to socialize with friends in the lawn of the Victor City Park. Speaking of Music, the Targhee Fest in July (and Bluegrass Festival in August) at Grand Targhee are always a blast.
Capping Summer off in grand style, is not difficult in Teton Valley. There are mountain bike races, an ultra marathon in September. Yellowstone is always popular and only a short drive away. As always, plan ahead and make the most of your time in the mountains!
Spring ’16 Market Update
Teton Valley, similar to many parts of the country is undergoing a period of substantial growth and movement. The trend isn’t just related to housing, but business development as well. There are many new business gracing our Valley, and Grand Targhee Resort has just announced they are replacing the Blackfoot chairlift in the summer of 2016.
Regarding housing, the trends continue: a substantial decrease in available properties, increased sales volume and lack of new listings; Teton Valley saw a nearly 10% increase in residential sales, with nearly half of all sales in the Victor area. Values are also creeping back up. By comparison, average sales price in the Valley was near $300,000. This number is just below the 2005 pricing prior to the very strong market in 2006 and 2007.
Building sites also progressed in price and in volume. The Valley has nearly doubled the vacant lot sales from 2014 to 2015. Building permits have also risen dramatically, now that home values are making building costs more enticing. All signs point to more rapid vacant land sales and construction following soon thereafter through 2016.
Looking forward to springtime of 2016, we anticipate continued growth in the market with an increase in construction. Demands for housing have driven the pricing for rentals and purchases higher than past years. Both spec building and owner building will once again command our market, but in the meantime, we continue to see steady, incremental price increases throughout the Valley.
