Teton County: How did the real estate market in Teton County end in 2010?
According to the Teton County MLS, real estate sales volume in the 4th quarter of 2010 was up from the same 4th quarter in 2009. Sales Volume increased to approx. $100 million in Teton County, compared to approx. $85 million in 2009. Unit volume (i.e. properties sold) has rebounded from the 2008 lows, however they remain well below pre-recession levels. Units sold in the 4th quarter of 2008 was a low of approx. 50 units; 4th quarter 2009 saw about 85 units sold and 2010 experienced 80 units sold.
On a year over year basis, 4th quarter 2010 was disappointing. All other quarters for 2010 showed improvement from the same quarter in 2009, except 4th quarter, which saw units sales drop 6.3%. However, 2011 is off to a good start and The Gillespie Real Estate Team is optimistic that 2011 will bring increased sales to Teton County, Wyoming.