The Year in Review: 2017 Sales & Trends
The year closed with the overall market—all home, lot, condo and commercial transactions or listings— reporting 2% less sales than 2016, for a total of 604 properties sold in 2017 in Teton County. The overall dollar volume inched up to $1.019 billion. The Luxury Market (over $3 million) slipped a bit, with a 5% decrease in the number of sales. The decrease in overall sales can be attributed to two main factors: a decrease in single-family home sales (down 16%), and the overall available inventory, which is at the “LOWEST” level in 30 years.