Budge Realty Group is pleased to present our comprehensive market report for the 2016 year-end in Teton Valley, Idaho and Alta, Wyoming. As a market leader in Teton County, Wyoming, 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 an increase in the number of transactions, up about 6% compared to 2015. The average sale price increased by 8% and median sale price decreased slightly by 1%. Total dollar volume increased as well when compared to year-end 2015. Total dollar volume increased by 15% from 95,699,722 in 2015 to 109,772,579 in 2016.
The inventory shortage did slightly improve at year-end 2016, with the number of active listings increasing by 11%. Single family home inventory increased as well, by about 9%.
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