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.