W Y O M I N G

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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What our clients say…

My wife and I recently bought our home in Wilson, WY with the help of Meredith and Jamie. We have used many agents over the years and I felt that both Meredith and Jamie were patient, friendly, helpful, and knowledgable about the area. They are some of the best people we have worked with. It can take a long while to find the right home in Jackson and they are in for the long haul (they love the area and know everything about the neighborhoods) often working for years with families to ensure fit. My experience is that they ensure a perfect fit rather than making quick sales. And, they are fun to work with. I highly recommend both Meredith and Jamie. They will take care of your family. We will use them again.

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