February 2013 YTD Market Update

2013 Data Continues to Show Gains Over Previous Year

Observing data compiled through the end of February 2013, it is noted that the number of residential real estate sales (single-family homes, attached homes and vacant lots) are up from 45 total sales during the first two months of 2012, to 65 sales during the same period of this year (an increase of 44.44%). Analysis of individual property sales indicates that, the “bounce back” trend of pricing from over-corrected levels is becoming more easily-discernible in the moderately-priced land and townhome segments. Aggregated pricing numbers increased in this most recent year-over-year comparison, with a 6.33% increase being noted in this metric. As a result of this increased volume, available inventory (particularly at the low end) is tightening and it is becoming more common to hear of complaints of no “quality inventory” existing. At the same time, the high-end luxury market is continuing its strong performance, with the number of sales of all high-end property types being up in number an average of 50%.

Summary of Market Statistics

 (click on tables/charts to see enlarged view)

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 Combined Sales Data – All Property Types

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 Individual Market Segment Performance

Vacant Homesite Market Segment

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Attached Home (Condominium / Townhouse) Market Segment

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Single Family Market Segment

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Andrew Cornish, MAI, SRA
President, Rocky Mountain Appraisals & Owner/Broker, Brokerage of the Tetons

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