Condo & Townhome 2015 Mid-Year

The condominium/townhome segment of the market experienced another strong quarter with transactions up 12%. Similar to the

single family segment, the price level distribution shifted dramatically. This shift greatly increased the average sale price (a 53%

increase) as well as the total dollar volume (a 57% increase) when compared to the first half of 2014. Condominiums/ townhomes in

the over $1 million segment captured 25% of the transactions in the first half of 2015. This same over $1 million segment comprised

10% of the transactions this time last year. Most notable was the $2 million-$3 million segment, which included 9 transactions. The

hotspot for condominium/townhome sales was Teton Village, which experienced an approximate 88% increase in transactions and

nearly 30% of the total condominium/townhome market. The inventory shortage has been most pronounced in the condominium/

townhome segment, and inventory has continued to decrease – down 14% when compared to this time last year.