As we ring in the New Year, we would like to take the opportunity to thank our loyal customers and clients for their continued support of our team at All Season Resort Realty.
We were excited to celebrate a very successful year! Looking back on 2016, we saw market growth for all of Teton Valley compared to the prior year in both the number of sold listings and dollar volume. Sold properties were up 5.8% with 218 closed sales compared to 206 in 2015. Dollar volume also improved by 9.1% with $19,499,220 sold in 2016.
We also saw 436 new property listings in 2016, up 10% from the previous year, and the pricing of these listings increased by 29.1%.
A closer look at the Teton Springs community shows the same trends as Teton Valley as a whole, with sold properties up 20% from 2015 and 6.8% more property listings than the previous year.
Another promising sign of growth was the completion and sale of the first Mountain Meadows home since 2008. It is exciting to also see new construction throughout the community, with several of our property owners building their dream home.
Our hope moving into 2017 is to see the same steady market improvement that we have seen over the past few years.