MARKET REPORT

STAR VALLEY, WYREAL ESTATE MARKET REPORT2015 YEAR-END

THE STAR VALLEY REAL ESTATEMARKET LEADER

OVERALL MARKETThe real estate market in Star Valley showed a positive increase in the number of sales for both single family homes and building sites in 2015 when compared to 2014. The total number of transactions increased 12%, from 373 sales in 2014 to 418 sales at the end of 2015. Sales volume increased from $85,040,349 to $92,232,683, but the average sales price actually decreased from $227,990 to $220,652. The overall trends of 2015 continued to show increased transactions and decreased inventory.

Regarding inventory, at year-end 2015 there were 629 active listings in the Star Valley area. This is about a 10% decrease from 702 active listings at year-end 2014.

SINGLE FAMILY SEGMENT

As of 2015 year-end, there were 241 single family home transactions, an approximate 22% increase when compared to 2014 year-end (196 single family transactions). Total dollar volume in the single family segment was up from $57,801,024 to $68,939,471 in 2015. Average sales price decreased about 3% from $294,903 to $286,056. Single family homes on average sold for 97% of list price. At year-end 2015, there were 151 single family listings on the market, a 21% decrease from year-end 2014 where there were 192 single family listings on the market.

www.STARVALLEYREALESTATE.com | 307.883.7575 Thayne | 307.654.7575 Alpine

RESIDENTIAL BUILDING SITE SEGMENTBuilding sites experienced a 1% increase in number of transactions, from 147 sales in 2014 to 149 sales year-end 2015. This contributed to a 49% decrease in total dollar volume, from $18,516,313 in 2014 to $9,311,273 at the end of 2015. The average sales price fell 50%, from $125,961 to $62,492. Inventory was still high in this segment of the market at year-end 2015, with 389 active building sites on the market. Although, this was an 8% decrease from year-end 2014 when there were 425 active building sites on the market.

www.STARVALLEYREALESTATE.com | 307.883.7575 Thayne | 307.654.7575 Alpine

CONDOMINIUM & TOWNHOME SEGMENTThis segment of the market didn’t see much activity in 2015, with only 12 transactions. Total sales volume decreased from $4,842,000 in 2014 to $2,167,000 in 2015. There were 11 active condominium/townhome listings on the market at the end of 2015.VALLEY STATSAt the end of 2015, the least expensive active listing in the Star Valley market was a .30 acre building site in Star Valley Ranch, listed for $7,000. The most expensive listing in the Star Valley market was a 245 acre ranch on the Salt River, with a 7,260 square foot home, listed for $7,750,000.

The least expensive Star Valley listing sold in 2015 was a .62 acre building site in Star Valley Ranch listed for $9,995. The most expensive Star Valley listing sold was a 562 acre ranch in Etna, Wyoming listed for $4,700,000.

For additional information or a

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This report gives a broad overview of the Star Valley real estate market, however, each neighborhood and property in the Star Valley area is unique and requires individual analysis for an accurate estimate of value and the market conditions which affect the value. Contact any of our professionals at Jackson Hole Real Estate Associates for a more in-depth analysis of a specific neighborhood or property.

Jackson Hole Real Estate Associates exclusively owns and maintains the oldest and most comprehensive market database. No other real estate company or agent has the resources available to offer this depth of expertise or insight regarding current or previous market conditions. The unmatched resources and knowledge of Jackson Hole Real Estate Associates, the largest and most dynamic real estate company in the region, combined with the largest luxury real estate affiliation, Christie’s International Real Estate, offer the ideal balance of local expertise and global reach.

* The statistics used in this report are from the Teton Multiple Listing Service (MLS) * This report does not go into detail on every segment of the market, but is intended to offer an overview of general market conditions.* All statistics are supplied by sources that have been deemed reliable but are not guaranteed.

Jackson Hole (Main)80 W. Broadway | 307.733.6060

Jackson Hole 270 W. Pearl

Jackson Hole Snow King Resort Hotel

Star Valley (Alpine)46 Iron Horse Dr. | 307.654.7575

Star Valley (Thayne)235 S. Main | 307.883.7575

Teton Valley (Driggs)65 S. Main | 208.354.7325

COMMERCIAL SEGMENTThere were 9 commercial sales at the end of 2015. The average sale price was up 6% from $241,112 to $256,378. Total dollar volume increased 6% as well from $2,170,012 to $2,307,399. Of the few commercial properties that sold in 2015, the sales prices averaged 81% of list price. At the end of 2015, there were 33 active commercial listings on the market, a 15% decrease from 2014 when there were 39 active listings on the market.

MLS #14-2325$649,000

MLS #14-1127$750,000Quick Facts

418Total Number of Transactions

AVERAGE SALE PRICE

12%Increase from 2014 year-end 3%

Star Valley Real Estate Market Report 2015 Year-End

8% Total Dollar Volume 4% Decrease in

Inventory

Single Family Segment

21%Decrease

in Inventory

3%Decrease in

Average Sale Price