Vacant Land 2015 Mid-Year

The vacant land segment largely recuperated from the economic downturn and showed solid gains in the first half of 2015, with

transactions up 18%. As with all other segments of the market, the vacant land segment experienced an upward shift in price level

distribution, which pushed the average sale price up 15%, and the total dollar volume up nearly 48%. The number of vacant land

transactions under $500,000 dropped 20% while the number of transactions over $1 million increased over 40%. In fact, there were

3 sales in the over $5 million segment. Teton Village experienced the majority of land sales spurred by the popularity of the Shooting

Star development. The active inventory for vacant land decreased 15% when compared to the same time last year, and there is

currently about 16 months’ worth of inventory on the market.