Eleven properties were sold in Teton Valley in April. We are slowly seeing more transactions taking place in Teton Valley as prices come down. If you are a buyer now is a good time to start looking around at what is on the market. Prices are about what they were in 2005 and we should start to see more inventory moving as the summer progresses.
Buyers- There are many reasons to buy right now but the top three are...
-The federal government will give you an $8,000 tax break if you are a "first time home buyer". If you have owned a home in the past you may still qualify. Follow this link for more information on the tax credit.
-Mortgage rates have been hovering below 5%. These are great rates and most analysts prodict that these rates are as low as they are going to get. To check the current rates follow this link.
-Prices are low and the market is saturated. Many sellers are willing to negotiate right now since there are so many homes on the market. If you are planning on making an offer make sure that you use your own Realtor. It is always best to be represented. If you do not have an agent that you are working with email me and I would be happy to help you with your purchase in either Idaho or Wyoming tetonrealtor@gmail.com
Land Listings Sold in April
| City | Listed Price | Sold Price | Total Acres | $ per Acre |
| Tetonia | $61,000 | $56,000 | 1.82 | $30,769 |
| Tetonia | $350,000 | Not Disclosed | .12 | N/A |
| Alta | $425,000 | Not Disclosed | 4.12 | N/A |
Single Family Listings that Sold in April
| City | Listed Price | Sold Price | Total Sq Ft | $ per Sq Ft |
| Victor | $210,000 | $210,000 | 1325 | $158 |
| Victor | $216,000 | $215,900 | 1410 | $153 |
| Driggs | $239,000 | Not Disclosed | 1320 | N/A |
| Victor | $240,000 | $225,500 | 1447 | $156 |
| Victor | $240,000 | $235,000 | 1332 | $176 |
| Victor | $254,900 | $240,000 | 1483 | $162 |
| Victor | $380,000 | $338,000 | 3500 | $97 |
| Victor | $645,000 | $562,500 | 1459 | $386 |
| Victor | $975,000 | Not Disclosed | 4377 | N/A |
No Condos or Townhouses Sold in April. However, there was a modular home that was listed and sold on a leased lot for $76,900.
A commercial lot also sold in Victor for $230,000. It was listed for $250,000. The total square footage was 1100 Sqft putting it at $209/Sqft.
Email me at tetonrealtor@gmail.com if you would like statistics for any area or neighborhood in Jackson Hole or Teton Valley. Thank you, have a great day.
Real estate business has been largely hurt by the current economic crisis worldwide, and the bailout plan doesn't seem enough to make the housing sector catch up with the crisis many of us expected. I do hope that in due time, with the help of that plan, real estate business and lots of homeowners that are on the verge of losing their own homes could eventually enjoy what they have before.
ReplyDeletehai it is really good and thanks to tell the valuable stasitics are very important information to our viewers.\
ReplyDeletehttp://www.glasyads.com/
thanking you.