MARKET REPORT
STAR VALLEY, WY REAL ESTATE MARKET REPORT 2015 MID-YEAR
THE STAR VALLEY REAL ESTATE MARKET LEADER
OVERALL MARKET The real estate market in Star Valley showed a positive increase in the number of sales for both single family homes and building sites in the first half of 2015 when compared to the first half of 2014. The total number of transactions increased 21%, from 140 sales in 2014 to 170 sales YTD 2015. Sales volume increased from $30,447,586 to $34,526,148, but the average sales price actually decreased from $217,483 to $203,095. This decrease can be attributed to the large number of vacant building site transactions which lowered the total average sales price by nearly 7% across the board. Regarding inventory, at mid-year 2015 there were 750 active listings in the Star Valley area. This is about a 1% decrease from 761 active listings at mid-year 2014.
SINGLE FAMILY SEGMENT As of 2015 mid-year, there were 99 single family homes sold, an approximate 12% increase when compared to 2014 mid-year (88 single family homes sold). Total dollar volume in the single family segment was up from $24,023,561 to $27,797,836 in 2015. Average sales price increased about 2% from $272,995 to $280,786. Single family homes on average sold for 97% of last list price. At mid-year 2015, there were 198 single family listings on the market, a 23% decrease from mid-year 2014 where there were 258 single family listings.
THE TOTAL NUMBER OF TRANSACTIONS INCREASED 21% IN THE STAR VALLEY REAL ESTATE MARKET WHEN COMPARED TO MID-YEAR 2014. www.STARVALLEYREALESTATE.com | 307.883.7575 Thayne | 307.654.7575 Alpine