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Quick responses to sometimes long answers..
It depends… homes in all areas and price ranges continue to rise in value, while inventory is historically low. Building site inventory is volatile, except in hyper local areas like the City of Victor, where inventory is very low.
The Teton County, Idaho real estate market is booming. Multiple offers, and short market times continue as home inventory is low. It is essential for buyer’s to be ready to purchase when they see a home they want.
As long as there is more demand than properties for sale – the data says it’s a good bet that until inventory levels rise we are going to experience this fast and unforgiving market.
The Tetons are receiving the first real snowfall of the year today (10.11.2021). Powder skiing is coming soon!