With the dog days of winter fading here in Teton Valley (we hope!), and the warmer weather aroud the corner, it's time to take a look at the land segment of the real estate market.
As the foreclosure and REO home segment begins to slow down, the inventory of homes available is beginning to shrink. In the last 24 months , Teton Valley brokers have sold about 420 residential single family homes, condos, and townhomes. In that same timeframe, only 110 pieces of land have been sold. This includes all resort and subdivision lots, county acreages, and ranch land. Nearly a 4 to 1 ratio between residential and vacant land.
Between 4/1/2004 and 4/1/2008 almost 2400 land parcels were sold in Teton Valley, to give you an idea of the land rush that took place here!
Now, land values are at prices not seen since the early 2000's, and if you don't find the perfect home currently listed, it's a great time think about a lot or vacant land purchase. The differnent land options can seem daunting, when there are so many to choose from, but our agents here at Teton Valley Realty are experts in helping you narrow down your options and providing listings that match your 'wish list'. Whether it's the perfect Teton view, wooded location, or resort site, there is something for everyone, and everyone's budget!
As they say, "A Change Is In The Air", both literally, and in the current real estate market. If you were ever thinking about owning a piece of this beautiful area, there hasn't been as good a time as the present in nearly a decade. Let us help you make that possible.
