Value Losses Continued in 2010 Despite Increases in Number of Sales Entry Level Housing Hit Hardest

Residential Property Analysis

Most Realtors agree that the market appears to be gaining strength, and while individual property values are still trending down, the number of sales in Teton County was up by over 27% over the preceding year. Furthermore, despite the continued value decline, the relative strength of the higher end segments of the market kept average prices nearly level, showing a less than 1% decline. The increase in both number of sales and the influence of high end transactions combined to increase overall dollar volume of sales by approximately one-third. Some value losses have been as extreme as 7;0%, although these losses are limited to areas where distressed properties are most prevalent (such as entry level attached homes). Value loss for this market segment was ongoing throughout 2010, with losses of 30% in some cases. Less distressed areas of the Teton County market have been, to date, able to limit total loss to between 30% and 40%

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