On behalf of our team of dedicated professionals at Jackson Hole Real Estate Associates, we are pleased to present our comprehensive market report for 2017 year-end. In this detailed report, you will find information on the market segments making up the Teton Valley area including Alta, Wyoming. As the market leader, we have developed a more dynamic report that sheds fresh light on the insights and trends that are shaping our real estate market.
Demand for real estate in Teton Valley, Idaho remained strong. The overall market in 2017 experienced an increase in the number of transactions, up about 5% when compared to 2016. The total dollar volume increased 16%, from 105,584,519 to 122,409,008 in 2017. The average and median sale prices increased as well. Alta, Wyoming market was strong as well with increases in all segments. Particularly, the single family segment with substantial increases in total dollar volume, transactions, average sale price and median sale price.