Vacant Land Mid-Year 2016

The vacant land segment of the market struggled to keep pace with the first half of 2015, with about 45% fewer transactions. One substantial ranch sale contributed to the average sale price increase, up about 39%. However, the median sale price, decreased about 22%. The majority of vacant land transactions took place in the Teton Village area, spurred by the velocity in the Shooting Star development.

# of Vacant Land Transactions 37
% Change in Transactions from 2015 -45%
Minimum Price Sold $355,000
Maximum Price Sold $7,990,000 (ranch property)
Median Sale Price $625,000
Average Sale Price $1,594,857
Average Days on the Market 347
# Pending Transactions 11