On behalf of our team of dedicated professionals at Jackson Hole Real Estate Associates, we are pleased to present the 2015 year end comprehensive market report for the Teton Valley area. The 2015 real estate market showed a continuation of positive trends for Teton Valley, Idaho and Alta, Wyoming. Prices continued to rise in nearly all market segments, residential inventory levels were down, particularly in the under $500,000 price range, and vacant land transactions increased resulting in more development. Total dollar volume, average sales price and median sales price increased at a healthy rate and Buyer activity was strong. The Teton Valley, Idaho and Alta, Wyoming real estate market outlook for 2016 remains strong.