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November ’18 Market Stats

December 16, 2018 By Tayson Rockefeller Leave a Comment

For November 2018’s Teton Market Update, I compared Teton Valley sales stats compared to November of 2017. In a nutshell, sales are down 24% from one year ago, while dollar volume is only down 18%. My interpretation of this was that supply remains low, which is driving prices up. This is consistent with the data for 2018 vs 2017, the average sales price in Nov. ’18 was around 350k, while Nov. ’17 was about 5% less. Sales volume is down due to inventory levels (as mentioned) which is likely because of high construction costs, which has been the trend for the past few years.

Victor, ID seems to be building a healthy supply, so we’ll see if these numbers switch places in the coming months.

Deal of the Week

December 13, 2016 By Tayson Rockefeller Leave a Comment

20 Acres overlooking Teton Reserve

Back on market, this 20 acre parcel offers convenient proximity to Victor, and borders BLS at an affordable price.

Why it’s a good deal:

Due to the nature of the Valley’s size and available land in the wooded foothills, there ae only a few properties like this that will ever be available. It offers a combination of pasture, foothills with elevated views, and privacy with BLM land to the East.

How much?

Back on Market & Price Reduced, 225k.

How quick will it sell?

It’s a bit tough to get a full understanding during the winter months, which will buy you some days on market, but if it does last until the snow thaws, it won’t be for long. Strap on some snow shoes and check it out!

MLS info below. Log in to save this property.

Deal of the Week

December 5, 2016 By Tayson Rockefeller Leave a Comment

122 HASTINGS DR 211, Victor, ID 83455

These luxury condos in the Teton Springs development offer underground parking, extra storage, and a mile-long list of amenities (club amenities extra).

Why it’s a good deal:

While it can be argued that these condos absorb at a slower rate than most condos and town homes throughout Teton Valley, that is mostly due to buyer’s reluctance to accept the homeowners dues (currently $5860 annually) though the services provided justify the cost. These condos are one of the only properties in the development that allow short-term rentals, so competition is low, and the Summer months perform quite well.

How much?

Just listed, $399,000.

How quick will it sell?

Likely pretty quick. The 3 bedroom units don’t hang around long.

MLS info below. Log in to save this property.

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