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Tracking Development Statistic (6-1-2011)

Tracking Development Statistics

DEVELOPMENT STATISTICS:

  • Building Permits: In the unincorporated county, 26 building permits for new homes were issued in 2009, and 16 were issued in 2010. Since January of 2009, only 1 building permit in Driggs, and 2  in Victor.
  • Vacant lots in the unincorporated county: there are 9,912 platted lots in the rural county; 2,121 (21%) of these lots are "developed" meaning some structure has at least been partially built on the lot (but this does not mean complete or occupied.) Thus, 7,791 (79%) of platted lots in the rural county are currently vacant.   
  • Vacant Lots in the cities: There are just under 1,000 vacant lots in Driggs and unknown #'s of vacant homes. Unknown data for Victor.
  • Pending Lots in the cities: The City of Driggs has approximately 117 lots pending approval and the City of Victor has approximately 157.
  • Tetonia: No data for Tetonia.

FORECLOSURES:

  • The total assessed value of property in Teton County for 2010 is $1,947,519,259.
  • Since the beginning of 2009, the volume of past and pending foreclosures has topped $251,000,000 in Teton County, Idaho.
  • In 2009, there was over $104,000,000 in Teton County foreclosures. This is 5.3% of the 2010 assessed value of the County.
  • In 2010, there was over $147,000,000 in Teton County foreclosures. This is 7.5% of the 2010 assessed value of the County.
  • As for 2011, there has been over $39,500,000 in foreclosures scheduled through June 1, 2011. 
  • Surrounding Counties: In surrounding Bonneville, Madison, Jefferson, and Fremont Counties, the total combined volume of 2010 foreclosures was $81,000,000. Teton County, WY had $78,000,000 in foreclosures in 2010.  

INCOMPLETE SUBDIVISIONS:

These are the subdivision statistics for the unincorporated areas of Teton County:

  • Incomplete Subdivisions: There are 38 subdivisions (or PUDs) with incomplete infrastructure, totaling 3,596 units on 12,523 acres. Sixteen of these developments have both an expired development agreement and no financial surety. In addition, 13 of these incomplete developments have 0% of their infrastructure done and 0% lots sold. 
  • Total Recorded Lots: In total, there are 9,334 recorded lots in the unincorporated areas of Teton County. Approximately 75% (7,005) of these lots are vacant. Approximately 25% (2,248) of these lots are developed. 
  • Pending lots: As of December 1, 2010, there are 95 lots still pending approval in unincorporated Teton County. In the past 12 months, several pending applications have either expired or been withdrawn. On year ago on December 1, 2009, there were 3,119 lots were pending approval.  
  • From 1968 through 2004 (36 years), there have been approximately 230 subdivisions (or PUDs) approved by Teton County, creating 5,144 lots on 15,601 acres. Of these 5,144 lots, approximately 78% (4,039) have been sold or transferred and roughly 37% (1,886) have been built upon. It should be noted that some of these older subdivisions have been replatted into more recent developments.
  • From 2005 to the present (6 years), there have been approximately 93 subdivisions (or PUDs) approved by Teton County, creating 5,100 lots on 20,761 acres.  Of these 5,100 lots, approximately 20% (1,031) have been sold or transferred and roughly 4% (184) have been built on.
  • Projected Fiscal Deficit: $1.9 million annually in operating costs and incur a $15.5 million shortfall for capital improvements and infrastructure projects.

 ***For more detailed statistics showing changes over time, check out our  "Teton County Quick Facts" by VARD

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