Teton Valley Appraisals specializes in providing professional real estate valuation services throughout Teton County, Idaho and Teton County, Wyoming. Appraisal reports are prepared with the precision and accuracy that today's industry demands. Our company's summary analysis and reporting of the market data, comprising both the complex resort and non-resort property markets, provides Clients with the information necessary to make responsible lending, purchasing and estate planning decisions.
Teton Valley, Idaho is characterized as a scenic, rural, mountain town community with a strong outdoor culture. Located on the western side of the Teton Mountain Range and bordering Jackson Hole, the valley includes the towns of Victor, Driggs and Tetonia. The area is popular for numerous outdoor activities to include skiing, mountain biking and fishing, to name a few. Historically a farming and ranching community, the area has witnessed extreme real estate highs and lows, as tourism has continued to grow. In 2008 when the mortgage collapse caught up with the valley, created overnight complex appraisal challenges, which led to a 65-80% decline in property values. Just over 65% of sold properties either REO (Real Estate Owned) or were negotiated short sales. By 2016, REO inventory was zero and the market remained relatively stable until the Covid-19 Pandemic and by 2021 property values began doubling, along with new construction throughout the valley; as well as vacant land sales. As of 2025, the median price point throughout the valley, for single-family homes is $950,000 to include both resort and non-resort properties.
Jackson Hole, Wyoming is the gateway community to both Grand Teton and Yellowstone National Parks and remains an international tourist destination. The area is characterized as a scenic, mountain town community surrounded by mountains and containing river, lakes and streams with a strong outdoor culture. It is regarded as one of the wealthiest counties in the nation with a large inventory of luxury properties. The real estate market has always been isolated from the national housing market. The majority of the county is publicly held with only 3% of the land in private ownership, driving demand due to a limited supply of property. Nearly half of the properties in Teton County, Wyoming are second home vacation properties. As of 2025, considering all 10 county market segments to include both resort and non-resort properties, the median price point for single-family homes is currently $3,100,000.
Current market conditions, are outlined in all of the appraisals; as well as a thorough explanation for the comparable properties utilized in developing market values in a dynamic real estate market. All appraisal assignments comply with USPAP (Uniform Standards of Professional Appraisal Practice). Please call 208-399-9099, or send us an email for a fee quote.