March Stats (sorry they are late)

Hello Teton Valley,

Ten total properties closed in March of 2009.

Land Listings Sold in March

City	Listed Price	Sold Price	Total Acres	$ per Acre
Driggs	$405,000	Not Disclosed	1	N/A
Tetonia	$199,000	$204,000	20	$10,200
Tetonia	$200,000	$200,000	20	$10,000

Condos and Townhouses that Sold in March

City	Listed Price	Sold Price	Total Sq Ft	$ per Sq Ft
Driggs	$200,000	$214,000	1537	$139
Driggs	$234,900	$209,000	1007	$208

Single Family Listings that Sold in March

City	Listed Price	Sold Price	Total Sq Ft	$ per Sq Ft
Driggs	$239,900	$230,000	2303	$100
Driggs	$250,000	$213,500	1900	$112
Victor	$269,000	$269,000	2000	$136
Victor	$375,000	$330,000	3136	$105
Driggs	$1,175,000	$1,175,000	2743	$428

As we see closings in Teton Springs, especially the REO (Bank Owned) Properties, I think that we will see more buyers come out of the woodwork and make offers. Buyers right now are scared to make the decision to be the first one to make an offer on a property. The bottom of the market is dropping lower than most analysts expected nationally and buyers are in no hurry to jump into the market place. Once buyers think that the prices are as low as they can possibly go some will buy up the really cheap properties and buyers as a whole will become more confident and jump into the game.

Now is the time to list and get your property out there if you need to sell. If you are able to hold onto your property don't bother listing your property until next summer. Prices will float around what it would cost to build that property until much of this inventory in Teton Valley is Sold.

Email me if you would like specific real estate statisics for your neighborhood or any part of Teton Valley or Jackson Hole. Thank you for reading.