Teton Valley, Idaho, is often referred to as the “Quiet Side of the Tetons.” However, the west side real estate market has been anything but “quiet” over the last 12 months. Unlike Jackson, which saw a measurable slow down during Q2 2020 (that is, during the onset of COVID), Teton Valley has shown a consistent uptick of activity throughout the global pandemic.
For the first six months of 2021, Teton Valley is up 163.2% on transactions (or 577 closed transactions for year-to-date 2021, vs. 220 sales for the same period in 2020) and is up 217% for dollar volume (or $236.1M for 2021, vs. $74.5M in 2020). More impressive still is looking back on the totals from the last 12 months (July 2020 through June 2021). In trying to assess what a post-COVID Teton Valley real estate market looks like, the last 12 months have seen nearly 1,500 closed sales and more than $525M in dollar volume.
In other words—and if this level of activity continues through the 2021 calendar year—Teton Valley and Alta, Wyoming, will have grown from a sub-$200M market to a more-than-half-a-billion-dollar market in just two years.
Check out the full Q2 market report below:
You can also find the report at this link.