A recent observation both nationally and locally here in Teton County, is the real estate market is showing strength in the second home segment. With values off their highs, opportunities exist for buyers who may have patiently waited through the height of the market. The choice properties with significant amenities are attracting attention. I am seeing a large percentage of cash sales. I do not expect much more on the downside in the areas which are attractive to second home buyers or buyers looking for a solid long term investment. Of course, location is the key. Buy the best you can afford.
Also noteworthy is the low end appears to be getting cleaned up a bit. Many of the older condos in Teton Village and the Aspens appear to trading in a fairly tight range now.
Thank you, we'll be in touch!