real estate
NEWS WEDNESDAY, MAY 25, 2022
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Pictured Above: A four-bedroom, four-bathroom home in Victor’s Teton Springs development features an open-concept floor plan that encompasses thirty-three hundred square feet with recent updates throughout.
BUYER DEMAND ON THE WEST SIDE OF THE TETONS SURGES Available home inventory tightens, but high quality opportunities exist. by Staff Writers
Teton Valley, Idaho has often earned the monikers of the “quiet side of the Tetons” or the “sunny side of the Tetons.” Regardless of the descriptor used, Teton Valley, and the west side of the Tetons, is having a moment. While Teton Valley may occasionally be overshadowed by its flashier neighbor to the east, the west slope communities enjoy it that way. Over the course of the last decade the valley has transformed into a destination all its own, helping to drive an extraordinary demand for real estate. There were 1,154 properties that sold during 2021 within the Teton Valley communities of Victor, Driggs and Tetonia in Idaho and neighboring Alta, Wyoming. By way of comparison, pre-pandemic sales from 2019 totaled 586 units on what had otherwise been a steady, if gradual, multi-year increase. The average sale price of a Teton Valley home in 2019 was $522,000 and leapt to $1,087,693 by the end of 2021. Total sales volume within the region during the same period rose from $182M to over $629M. While current inventory levels remain somewhat constrained in the first half of 2022, several new listings offer the opportunity to call eastern Idaho home. Located just south of Victor, Teton Springs has long been heralded for what the planned development and golf club amenities have offered within Teton County, Idaho and has set the standard for the area’s real estate. A four-bedroom, fourbathroom home at 45 Scott Drive has recently been brought to market and is conveniently offered furnished. An open-concept floor plan centers the home’s primary living spaces around a dual-sided fireplace and provides exceptional
opportunity for entertaining. A two-story cathedral ceiling and expansive windows flood the living area with light. Seamless oak flooring unites the home’s expansive kitchen, dining and living areas. Each of the thirty-three hundred square foot home’s bedrooms are configured as suites, and the property has undergone thoughtful updates throughout. 74 Hastings Drive, also in Teton Springs, is located on the seventh tee box of the Bronze Buffalo Sporting Club at Teton Springs Resort and the live water of Warm Creek. The home is sited to fully capture the valley’s sunsets over the Big Hole mountains, and a southwest-facing flagstone patio and fire pit are ideal for enjoying the cool mountain evenings. No detail was overlooked— from the four-bedroom, three-thousand square
foot home’s cedar and flat stone masonry exterior, timber post and beam interior accents, to the extensive custom cabinetry and built-ins. The home provides turn-key convenience as a furnished offering. Northwest of Victor, in the Buckskin Ranch subdivision, 6515 Wild Mustang Trail has recently come onto the market. The thoughtfully designed property features a three-bedroom rustic contemporary home with a detached onebedroom guest apartment and two-car garage on its two and a half acres. Mature landscaping, a fenced yard and a variety of outdoor living spaces enhance the property, whose central valley location affords expansive panoramic views. Inside, clean and modern design elements
See WEST SIDE OF THE TETONS on page 6
Pictured Above: A newly listed three-bedroom rustic contemporary home in Victor features a separate one-bedroom guest apartment. Outdoor living spaces, mature landscaping and panoramic mountain views enhance the property’s end-of-the-road location.