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.
