With the busy Summer 2018 behind us and heading into the winter ski season, we’re left to ask, “how much has the Teton Valley real estate market recovered since the Global Financial Crisis?”
The Teton Valley, Idaho and Alta, Wyoming, real estate market continues to bustle with activity. The market continues to show progressive growth with sales values moving steadily upwards.
In looking back over the past few years, the market appreciation becomes clear following the bottom of the real estate market in 2012/2013. While different approaches can yield a variety of statistics, we scoured real estate records to find instances where the exact same property sold both at the bottom of the market, and then again in the last 12 months.
VICTOR :: Sage Hen condos MLS # 17-3220
2 bedrooms, 2 baths, 1,210 sq.ft.
March 2017 sold price $209,500.
June 2012 sold price $87,500.
Increase in value: 139.4%
VICTOR :: Teton Springs (Mountain Meadow) MLS # 18-1261
3 bedrooms, 3.5 baths, 2,742 sq.ft.
August 2018 $580,000.
January 2009 $375,000.
Increase in value: 54.7 %
DRIGGS :: Downtown MLS # 18-1751
2 bedrooms, 1 bath, 1,196 sq.ft.
August 2018 sold price $310,000 (Remodeled in 2017).
December 2013 sold price $158,500.
Increase in value: 95.58%
DRIGGS :: Targhee Ridge Estates MLS # 18-550
3 bedrooms, 2.5 baths, 1,654 sq.ft.
August 2018 sold price $400,000.
November 2013 sold price $286,000.
Increase in value: 39.9%.
Teton Valley Sotheby’s International Realty agents have the experience and knowledge and will provide you with the insight to make sense of a rapidly changing market. We look forward to helping you navigate our rapidly changing market.