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What is Absorption Rate, how do we use it, and why is it important?

What is Absorption Rate, how do we use it, and why is it important?

by Teton Valley Team | Jul 27, 2022 | Blog

What is absorption rate?  A phrase you may be hearing all over the news these days is absorption rate. Along with numbers of sales and median prices, an important figure for measuring demand in the real estate market is the market’s absorption rate.  The...

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      TETON SPRINGS LUXURY HOME WITH SUNSET VIEWS Mag TETON SPRINGS LUXURY HOME WITH SUNSET VIEWS Magnificent Teton Springs Estate Home on the 7th fairway. Breathtaking timber work and three rock fireplaces highlight an open layout with a chef's kitchen, vaulted great room, spacious main-floor master & adjacent guest suite/office. Upstairs, there are three additional suites and a secondary entertainment area with wet-bar and fridge. The inviting backyard entertaining area includes an outdoor fireplace, covered patio and tremendous sunset views across the golf course to the Big Hole Mountains. This custom home boasts a walk-in pantry, wine closet, AC & in-floor heat & was built by 'With the Grain'- its offering represents significant savings when compared to current build costs. Teton Springs epitomizes laid-back luxury with close proximity to Jackson, the South Fork and Grand Targhee. For more information and photos, visit https://bit.ly/4Winger - link is in our bio @liveinthetetons - or get in touch any time! #tetonsprings #jacksonholesothebys #victoridaho #idahorealestate #mountainluxury #tetonvalley #idahorealtor #idaholife #mountainliving
      Spring is springing here in the Tetons. We’re lo Spring is springing here in the Tetons. We’re loving all the greens and we’re looking forward to more time on our favorite trails! 🌱 #tetonvalley #easternidaho #springinidaho #idaholife #springgreens #wydaho #idahoviews
      Featured Listing! Enjoy rolling and slightly el Featured Listing! Enjoy rolling and slightly elevated terrain, with sweeping valley views from this spacious 2.5-acre lot - the ideal setting for your mountain getaway. Natural sage and nearby cottonwood trees along Fox Creek frame mountain views and Big Hole range sunsets. With a paved street, this quiet cul-de-sac has only 8 lots - an idyllic site for peaceful country living. Vacation rentals are allowed, fiber optic is available, and relaxed CCRs allow residences as small as 750 sq. ft. Outbuildings, a guest home, workshop, & barns are allowed, and horses & 4-H animals or chickens are welcome. Located east of Highway 33, this site is close to the trailheads and forest, a quick coast down the hill to the bike path or the river, and equidistant between Driggs and Victor - convenient to all that Teton Valley has to offer! For more information and photos, check out https://bit.ly/5101Northstar - link is in our bio @liveinthetetons #tetonvalley #idahorealestate #landlisting #victoridaho #idahorealtor #idaholife #mountainviews #tetonvalleyteam #mountainliving
      We are thrilled and honored to be Tin Cup Challeng We are thrilled and honored to be Tin Cup Challengers again in 2023! Thanks @cftetonvalley for all that you do 🙌 Repost from @cftetonvalley "As Realtors, we contribute to the Tin Cup Challenger Fund because we believe our role extends well beyond selling houses & land. We are committed to cultivating community, friendships, & stewardship of this amazing area. Ultimately, we are introducing people to an incredible community & lifestyle made possible by outstanding nonprofit organizations. We appreciate everything the Community Foundation & our local nonprofits do for the place we call home." #tetonvalley #tincupchallenge #joannelabelle #natalievolcko #tetonvalleyteam #idahorealtor #realestateteam #idahorealestateagent #idahononprofit
      HUGE TETON VIEWS, PRIVATE CUL-DE-SAC SETTING | Rea HUGE TETON VIEWS, PRIVATE CUL-DE-SAC SETTING | Ready to build your dream home? This 2.5 acre parcel in Elkridge, a quiet 7 lot high-end subdivision, has big 4 peak Teton views, irrigation water rights and a private end of the road location. Reasonable CCRs protect your Teton views, require a 2000 sq.ft min. main residence and allow guest homes. Short-term rentals are allowed as well. Seller has HOA approved plans for a 3447/4275 sq. ft. custom home designed by Moyer Design LLC, as well as full site plan available for an additional fee. This location can't be beat with up-close Views of the Tetons as well as quick access to Ski Hill Road, Grand Targhee, the forest trails and downtown Driggs. The lot corners are staked and the preferred home location is also staked- this one is ready to go. For more information and photos, visit https://bit.ly/1798Staghorn - link is in our bio @liveinthetetons - or reach out any time! #liveinthetetons #idahorealestate #driggsidaho #tetonvalley #tetons #westsideofthetetons #mountainproperty #idaholife #idahoviews #idahorealtor
      Our Q1 Teton Valley Real Estate Market Report is h Our Q1 Teton Valley Real Estate Market Report is here! 2023 has been off to an interesting start. It's easy to look at the stats from the first three months of the year and conclude the Teton Valley, Idaho and Alta, Wyoming real estate market has gone completely off the rails. Transactions are down 60.2% (or only 96 closings in Q1 this year vs. 241 transactions for the same period in 2022). Sales dollar volume is also off 47.8% (with $70M in closings for the year-to-date compared to $134M in 2022). But a deeper dive into the numbers tells a different tale. This time last year, the average transaction price across all property types was $556,000. Twelve months later and despite a slow down in activity, the average sale price is up 31.1% to $729,000. The median sale year over year also jumped from $310,000 (for a 4.5-acre parcel of land in Tetonia) to $450,000 (for a 0.68-acre parcel of land zoned multi-family in Driggs). An increase in properties for sale has put some downward pressure on values. At the beginning of 2022, only 166 Teton Valley properties were actively listed for sale in the Teton Board of Realtors MLS. One year later, the total inventory in Victor, Driggs, Tetonia, and Alta increased to 281 active listings on the market. If the current pace of transactions continues into spring and summer (which at the moment is about 100 transactions per quarter), the ratio of listings-to-transactions puts Teton Valley ever so slightly into a "buyer's market" climate. Read our full report - link is in our bio @liveinthetetons Questions? Reach out any time! #tetonvalley #idahorealestate #tetons #idahoproperty #tetonvalleyidaho #victoridaho #driggsidaho #tetoniaidaho #altawyoming #idahorealtor #realestatereport #realestatemarketupdate https://tetonvalleyteam.com/teton-valley-market-report-q1-2023/

      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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