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2020 Real Estate Market Report – Teton Valley, Idaho

2020 Real Estate Market Report – Teton Valley, Idaho

by Teton Valley Team | Jan 25, 2021 | Blog

2020 was an exceptional (and very busy!) year for real estate in Teton Valley, Idaho. Here are some standout statistics (numbers are compared to 2019): Overall dollar value of transactions doubled from $181M to $351M. Overall number of transactions increased from 586...

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      It’s fatbiking season in the Tetons! Here’s Jo It’s fatbiking season in the Tetons! Here’s Joanne and Dillon enjoying the trail yesterday. Although we didn’t get much new snow in November, the conditions for fatbiking have been ideal. The South Valley trails have been such a wonderful addition to the Victor area. The multiuse trails allow for biking, hiking, horseback riding, and Nordic skiing - a great trail hub in all seasons! (And a reminder that Friday/December 1st is when the “no dogs” rule goes into effect for the winter). See you on the trails! #tetonvalley #victoridaho #fatbiking #idahotrails #winterinidaho #novemberbiking #visitidaho #idaholife #traildogs #goldenretrieveradventures @mtbthetetons @tvtapidaho
      BEAUTIFUL MOUNTAIN HOME IN TETON SPRINGS | Boastin BEAUTIFUL MOUNTAIN HOME IN TETON SPRINGS | Boasting 2742 sq. ft. on two levels, this home has three bedrooms - all with connected baths. The primary suite has two ample closets, a corner jetted tub, a separate shower, and dual vanities. The great room of this terrific ''lupine'' floor plan features a ledge stone fireplace from floor to ceiling, flanked by large windows. Welcoming slate entry from a west-facing covered porch leads to beautiful wood floors in the great room. The kitchen is open with both a seating bar area and a prep island. Entertain outside on the covered back porch which borders lovely green space /common area and faces the Teton Foothills. Being sold Turnkey and fully furnished- just bring your toothbrush, skis, bikes, and golf clubs! For more information and photos, visit https://bit.ly/101-Moulton - link is in our bio @liveinthetetons - or get in touch any time. @jacksonholesir Property ID: YKBJZW #tetonsprings #idahorealestate #idahohomes #mountainliving #idahorealtor #victoridaho #tetonvalley #turnkeyhomes #idaholife
      There’s still time to enjoy some fall mountain b There’s still time to enjoy some fall mountain biking in Teton Valley! Winter will be here soon. Here’s Joanne out at Horseshoe recently. Enjoy the extended fall weather while it’s here! #tetonvalley #mountainbikeidaho #idahotrails #tetons #bikingwithaview #fallmountainbiking
      Sublime building parcel with a pond, seasonal irri Sublime building parcel with a pond, seasonal irrigation canal/ditch, trees, meadow, and easy year-round access. This property is in The Overlook at Fox Creek, a premier foothill development just minutes north of Victor, Idaho. This lovely neighborhood has only 18 lots. Enjoy sweeping views of the Valley from this 2.58 acre building site. You can hear year-round Fox Creek from this parcel. Located 2.5 miles east of Hwy 33, at the base of breathtaking Fox Creek Canyon, this property is one of only two at The Overlook that feature the pond. Balsam Lane is a cul de sac. Quiet and sought-after location at the end of a dead-end road in east Fox Creek- 5 minutes to a golf course, and 30 minutes to Jackson Hole or Grand Targhee. For more information and photos, visit https://bit.ly/5190Balsam - link is in our bio @liveinthetetons - or reach out any time. #victoridaho #tetonvalley #idahorealestate #idahoproperty #idahorealtor #landlisting
      FEATURED LISTING IN TETONIA: Check out the huge FEATURED LISTING IN TETONIA: Check out the huge Teton views from this 2.55-acre lot, 5 miles North of Driggs with easy access to Highway 33. Up to 2 horses allowed. Build your Teton Valley dream home in a quiet subdivision which offers a welcoming entry, a lovely pond, and reasonable CC&Rs. Your Teton views are well-protected with a 33-acre parcel immediately to the east. Amended CC&Rs allow for a residence of 1700 sq. ft. or larger, with 1350 sq. ft. minimum on the ground floor. Modular construction is allowed. For more information and photos, visit https://bit.ly/5091Vista - link is in our bio @liveinthetetons #tetonia #idahorealestate #tetonviews #tetons #westsideofthetetons #tetoniaidaho #tetonvalley #idahorealtors #idaholandforsale #landlisting #propertywithaview #mountainliving
      Our Q3 Market Report is here! With three months Our Q3 Market Report is here! With three months left in 2023, it seems doubtful the Teton Valley real estate market will reach the symbolic $500M mark for its year-end dollar volume. Through Q3, year-to-date transactions are down 32% and the complementing dollar volume from those sales is down 23.4% when compared to the same period in 2022. While vacant land sales have been the driver for the Teton Valley market in recent years, home sales are carrying the day in 2023. The 137 home sales thus far in 2023 (out of a total 420 closings for all property types on the year to date) generated more than $180M in closed sales volume (or 58.6% of the $308M closed in the first nine months of 2023). And while higher mortgage interest rates have diminished the buyer pool in 2023, the upper end of the Teton Valley market (that is, properties with a listing price of >$1M) is outperforming the overall market with only an 11.7% decline in year-to-date upper-end sales compared to 2022. Read our full report at https://bit.ly/TetonValleyQ32023 - link is in our bio @liveinthetetons @jacksonholesir #tetonvalley #realestatereport #driggsidaho #victoridaho #tetoniaidaho #altawyoming #idahorealestate #idahorealtor #realestatemarketupdate

      Joanne LaBelle
      208-313-7669
      Joanne.LaBelle@jhsir.com

      Natalie Volcko
      208-709-1945
      Natalie@tetonvalleyteam.com

      Jackson Hole Sotheby’s International Realty
      1 South Main
      Driggs, ID 83422

      Driggs Office: 208-354-8880

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