Originally Posted by
zion zig zag
"2019 was Teton Valley’s best year for real estate since the Global Financial Crisis. Transactions grew to 586 sales (which out-paced the Jackson Hole market) and the complementing dollar volume swelled to $181M. In 2019 the median home price was $450,000.
Then came Covid, and the real estate surge that came with it. By the end of 2020, transactions had nearly doubled year-over-year to more than 1,100 sales. Dollar volume followed suit to $364M. How much more could the market grow?
During the first nine months of 2021, Teton Valley resoundingly answered that question. 2021 transactions through September showed nearly 900 sales with $450M in overall sales volume. Vacant land sales were up 70% over the first nine months of 2020 and represent 67.2% of all sales in 2021 so far. The median home price has grown to $750,000 (quite the difference from $450,000 in 2019).
If Teton Valley continues its break-neck pace for Q4, the year-end total is poised to reach $600M, or nearly triple the overall dollar volume from just two years ago."
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