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June ’16 Market Stats

July 6, 2016 By Tayson Rockefeller Leave a Comment

Average sale prices continue to increase when compared to 12 months ago in almost every sector in Teton County Idaho, Wyoming, and Lincoln County Wyoming. Believe it or not, inventory is also up from last year, and up a fair percentage from last month. Number of sales have have increased from 12 months ago, but have decreased from last month. This could be an indication that listing prices have exceeded what buyers are willing to pay, though I feel this is simply a small adjustment in our evolving market, and list prices as well as average sales prices will continue to rise, specifically with lot sales.

 

June '16 Market Stats

What is Teton Valley’s Style?

June 27, 2016 By Tayson Rockefeller Leave a Comment

Alright, most of us familiar with the area already know that Teton Valley’s established architectural “style” is a blend of log home/cabin style homes, ranchers, old craftsman style farm homes, condos and town homes. Not a whole lot of art deco or pueblo style homes around here. The recent growth spurt in the mid 2000’s produced a huge number of homes, almost all of them ranch style 1 or 2 level, cedar sided, dark brown homes. Kudos to those who threw a little flare into the mix with exiting colors and roof lines.

A decade later, we are starting to see some new construction. This time, 90% of them aren’t ranch style. I am seeing an increasing number of “modern” and industrial style homes. Interior preferences are changing too. Simplistic, open, light, bright, grey, steel, concrete. We are going to see more of this in years to come.

So, how important is it to be “keeping up with the Joneses” on all of this? Should we be remodeling our homes that were perfectly fine 5 years ago, or should we leave it alone and see what the trends are 10 years from now? Should we leave the rustic cabins as rustic cabins, or should we be modernizing and progressing? Below are a few examples of recent styles, all currently listed. Is Teton Valley on the right track?

3702 Bear Creek Rd. Driggs, ID

Built in 2002 before the “boom” this home has a great exterior living area. Inside it has a fresh modern appearance. Does it work?

3702 Bear Creek OUT

3702 Bear Creek IN

 

 

 

 

 

 

 

7285 Pine Tree Rd. Victor, ID

1985 Outside, 1985 Inside. The kitchen was freshened up, but this home remains as it was intended to be. Leave it alone?

7285 Pine Tree OUT 7285 Pine Tree IN

 

 

 

 

 

 

 

805 Sharp Tail Ct. Driggs, ID

Here’s an example of 2015 construction with a modern twist including a shed style porch to match the newest trends. Will it stay in style?

805 Sharp Tail OUT 805 Sharp Tail IN

 

 

 

 

 

 

 

5420 S 2000 W Victor, ID

OK, so this one isn’t actually an active listing, but it was recently sold. It does display the newest trends in modern style (even though it’s several years old) Will this style be around 20 years from now like Teton Valley’s log cabin has been?

5420 S 2000 W OUT

5420 S 2000 W IN

 

 

 

 

 

 

 

1955 Falcon Ln. Driggs, ID

Located in an airport community, this home does not have to conform to anything else. It’s a good example of a modern interior design, with some real architecture outside.

1955 Falcon OUT 1955 Falcon IN

 

 

 

 

 

 

6176 Fox Meadows Dr. Victor, ID 83455

This is a great example of the height of the market’s ranch, open style home. It was nicely finished then, and retains desirability today. Do you agree?

6176 Fox Meadows OUT 6176 Fox Meadows IN

Deal of the Week

June 26, 2016 By Tayson Rockefeller Leave a Comment

155 Targhee Towne Alta, WY 83414

All the hard exterior work is done with new windows, siding & roof. Inside there is a bonus room apartment, remodeled upper level, and a lower level ready to be modernized.

Why it’s a good deal:

It’s the best bargain in Alta, WY where there are never too many listings to speak of with all the amenities listed above.

How much?

Just listed, $475,000.

How quick will it sell?

It’s a new listing. Being in Alta at this price, quickly.

MLS info below. Log in to save this property.

Deal of the Week

June 20, 2016 By Tayson Rockefeller Leave a Comment

70 E 3000 S Driggs, ID 83422

2 homes, shop, storage, room to expand and fenced with room for horses.

Why it’s a good deal:

With Teton Valley’s housing crunch not likely to clear up any time soon, investment properties are gaining in popularity. Currently both homes are leased, and there’s even room to lease the shop or horse ground. Or, live in one and lease the other.

How much?

Just reduced, $550,000.

How quick will it sell?

Anything over 400k takes a bit linger to sell in today’s market, but it still sells. With everything there is to offer here, I would anticipate a sale either way.

MLS info below. Log in to save this property.

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