Budge Realty Group is pleased to present our comprehensive market report for the 2016 year-end. In this detailed report, you will find information on the market segments making up the Star Valley area. As a market leader, we have developed a more dynamic report that sheds fresh light on the insights and trends that are shaping our real estate market.
The overall market in 2016 experienced a decrease in the number of transactions, down about 2% when compared to 2015 year-end. There were 417 transactions in 2015 compared to 407 transactions in 2016. While the number of transactions fell, the average and median sale prices increased. The average sale price increased by 14% and the median sale price increased by 12%. The total dollar volume increased 11%, from 91,697,183 in 2015 to 101,735,133 in 2016.
The inventory shortage showed only a slight change in 2016. The number of active listings increased 10%.
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