Real Estate Prices in Sun Valley:
Vacant Land Analysis
- Do you wonder what is happening to real estate prices in the Sun Valley area for vacant land?
- What are the median and average sales prices?
- Which areas are selling?
- Curious about inventory levels and absorption rates?
- How long does it take to sell a lot in Elkhorn or the Mid-Valley? In other words what are the Days on Market?
Starting now I will be posting quarterly charts. There is a lot of information here including year-to-date statistics for active listings, sold listings and pending listings. I know this isn’t a crystal ball, but history tends to repeat itself so maybe you can decipher the trends.
Here are the charts for vacant land across all areas in the Sun Valley MLS YTD June 30, 201, including residential land, multi-family (duplex or development parcels) commercial and mining claims. Have questions? Just call me at 208.481.0450 or email me at SunValleySheila@gmail.com.
Vacant Land Analysis as of June 30, 2017
|
Summary Statistics |
||||||
|
2017 YTD |
2016 YTD |
% Chg |
||||
|
Absorption Rate |
48.1 |
66.02 |
-27.14 |
|||
|
Average List Price |
$573,535 |
$560,713 |
2.29 |
|||
|
Median List Price |
$249,500 |
$225,000 |
10.89 |
|||
|
Average Sale Price |
$222,357 |
$323,881 |
-31.35 |
|||
|
Median Sale Price |
$139,250 |
$125,000 |
11.40 |
|||
|
Average DOM |
494 |
525 |
-5.90 |
|||
|
Median DOM |
291 |
307 |
-5.21 |
|||
Year Over Year Comparison
This Year: 1/1/2017 to 6/30/2017Last Year: 1/1/2016 to 6/30/2016
|
Vacant Land |
||||||||||||||||
|
Sub Type: Commercial Land |
||||||||||||||||
|
Total Active |
New Listings |
Number Under Contract |
Number Sold |
Sold Volume |
||||||||||||
|
Area |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
|
|
Bellevue |
12 |
11 |
-8 |
11 |
3 |
-72 |
0 |
1 |
+ |
0 |
1 |
+ |
0 |
105,000 |
+ |
|
|
Hailey |
11 |
8 |
-27 |
4 |
2 |
-50 |
1 |
1 |
0 |
1 |
1 |
0 |
110,000 |
212,500 |
+93 |
|
|
Ketchum |
3 |
4 |
+33 |
1 |
2 |
+100 |
1 |
3 |
+200 |
1 |
1 |
0 |
1,100,000 |
385,000 |
-65 |
|
|
Other |
3 |
4 |
+33 |
0 |
3 |
+ |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
|
South Blaine Co |
4 |
8 |
+100 |
0 |
4 |
+ |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
|
Sub Type Totals: Commercial Land |
33 |
35 |
+6 |
16 |
14 |
-12 |
2 |
5 |
+150 |
2 |
3 |
+50 |
1,210,000 |
702,500 |
-41 |
|
|
Sub Type: Multi-Family Land |
||||||||||||||||
|
Total Active |
New Listings |
Number Under Contract |
Number Sold |
Sold Volume |
||||||||||||
|
Area |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
|
|
Elkhorn in Sun Valley |
2 |
1 |
-50 |
1 |
1 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
|
Hailey |
5 |
4 |
-20 |
5 |
3 |
-40 |
0 |
0 |
0 |
0 |
4 |
+ |
0 |
633,000 |
+ |
|
|
Ketchum |
6 |
4 |
-33 |
1 |
0 |
- |
1 |
0 |
- |
0 |
0 |
0 |
0 |
0 |
0 |
|
|
Mid-Valley |
1 |
0 |
- |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
|
Other |
0 |
3 |
+ |
0 |
3 |
+ |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
|
Sub Type Totals: Multi-Family Land |
14 |
12 |
-14 |
7 |
7 |
0 |
1 |
0 |
- |
0 |
4 |
+ |
0 |
633,000 |
+ |
|
|
Sub Type: Residential Land |
||||||||||||||||
|
Total Active |
New Listings |
Number Under Contract |
Number Sold |
Sold Volume |
||||||||||||
|
Area |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
|
|
Bellevue |
33 |
39 |
+18 |
18 |
17 |
-5 |
2 |
7 |
+250 |
1 |
7 |
+600 |
159,500 |
1,001,500 |
+527 |
|
|
Elkhorn in Sun Valley |
25 |
27 |
+8 |
10 |
12 |
+20 |
0 |
2 |
+ |
0 |
2 |
+ |
0 |
1,482,000 |
+ |
|
|
Hailey |
153 |
158 |
+3 |
29 |
93 |
+220 |
19 |
27 |
+42 |
12 |
20 |
+66 |
2,293,500 |
3,054,321 |
+33 |
|
|
Ketchum |
24 |
16 |
-33 |
10 |
4 |
-60 |
4 |
5 |
+25 |
4 |
3 |
-25 |
1,679,000 |
2,170,000 |
+29 |
|
|
Mid-Valley |
131 |
120 |
-8 |
51 |
54 |
+5 |
9 |
13 |
+44 |
8 |
11 |
+37 |
2,622,500 |
3,440,500 |
+31 |
|
|
North Ketchum |
46 |
36 |
-21 |
18 |
11 |
-38 |
3 |
3 |
0 |
2 |
1 |
-50 |
4,100,000 |
650,000 |
-84 |
|
|
Other |
137 |
129 |
-5 |
36 |
38 |
+5 |
13 |
15 |
+15 |
11 |
13 |
+18 |
571,150 |
1,050,071 |
+83 |
|
|
South Blaine Co |
43 |
52 |
+20 |
18 |
22 |
+22 |
1 |
9 |
+800 |
3 |
7 |
+133 |
354,000 |
475,500 |
+34 |
|
|
Sun Valley |
26 |
29 |
+11 |
4 |
12 |
+200 |
1 |
2 |
+100 |
1 |
2 |
+100 |
860,000 |
1,592,000 |
+85 |
|
|
Warm Springs |
28 |
30 |
+7 |
13 |
11 |
-15 |
2 |
1 |
-50 |
1 |
1 |
0 |
725,000 |
203,000 |
-72 |
|
|
Sub Type Totals: Residential Land |
646 |
636 |
-1 |
207 |
274 |
+32 |
54 |
84 |
+55 |
43 |
67 |
+55 |
13,364,650 |
15,118,892 |
+13 |
|
|
Sub Type: Patented Mining Claims |
||||||||||||||||
|
Total Active |
New Listings |
Number Under Contract |
Number Sold |
Sold Volume |
||||||||||||
|
Area |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
|
|
Other |
1 |
1 |
0 |
1 |
1 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
|
Sub Type Totals: Patented Mining Claims |
1 |
1 |
0 |
1 |
1 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
|
SPACER |
||||||||||||||||
|
Grand |
694 |
684 |
-1 |
231 |
296 |
+28 |
57 |
89 |
+56 |
45 |
74 |
+64 |
14,574,650 |
16,454,392 |
+13 |
|
|
Vacant Land |
||||||||||||||||||||||||
|
Sub Type: Commercial Land |
||||||||||||||||||||||||
|
Average Sale Price |
Median Sale Price |
Percent of List |
||||||||||||||||||||||
|
Area |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
|||||||||||||||
|
Bellevue |
0 |
105,000 |
+ |
0 |
105,000 |
+ |
0 |
84 |
+ |
|||||||||||||||
|
Hailey |
110,000 |
212,500 |
+93 |
110,000 |
212,500 |
+93 |
88 |
94 |
+7 |
|||||||||||||||
|
Ketchum |
1,100,000 |
385,000 |
-65 |
1,100,000 |
385,000 |
-65 |
96 |
89 |
-7 |
|||||||||||||||
|
Other |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|||||||||||||||
|
South Blaine Co |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|||||||||||||||
|
Sub Type Totals: Commercial Land |
605,000 |
234,167 |
-61 |
605,000 |
212,500 |
-64 |
92 |
89 |
-3 |
|||||||||||||||
|
Average Sale Price |
Median Sale Price |
Percent of List |
||||||||||||||||||||||
|
Area |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
|||||||||||||||
|
Elkhorn in Sun Valley |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|||||||||||||||
|
Hailey |
0 |
158,250 |
+ |
0 |
145,500 |
+ |
0 |
100 |
+ |
|||||||||||||||
|
Ketchum |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|||||||||||||||
|
Mid-Valley |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|||||||||||||||
|
Other |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|||||||||||||||
|
Sub Type Totals: Multi-Family Land |
0 |
158,250 |
+ |
0 |
145,500 |
+ |
0 |
100 |
+ |
|||||||||||||||
|
Average Sale Price |
Median Sale Price |
Percent of List |
||||||||||||||||||||||
|
Area |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
|||||||||||||||
|
Bellevue |
159,500 |
143,071 |
-10 |
159,500 |
138,500 |
-13 |
94 |
88 |
-7 |
|||||||||||||||
|
Elkhorn in Sun Valley |
0 |
741,000 |
+ |
0 |
741,000 |
+ |
0 |
90 |
+ |
|||||||||||||||
|
Hailey |
191,125 |
152,716 |
-20 |
118,500 |
153,500 |
+29 |
88 |
94 |
+6 |
|||||||||||||||
|
Ketchum |
419,750 |
723,333 |
+72 |
401,000 |
575,000 |
+43 |
91 |
94 |
+3 |
|||||||||||||||
|
Mid-Valley |
327,812 |
312,773 |
-4 |
208,750 |
280,000 |
+34 |
89 |
92 |
+3 |
|||||||||||||||
|
North Ketchum |
2,050,000 |
650,000 |
-68 |
2,050,000 |
650,000 |
-68 |
94 |
90 |
-3 |
|||||||||||||||
|
Other |
51,923 |
80,775 |
+55 |
28,900 |
47,000 |
+62 |
99 |
93 |
-6 |
|||||||||||||||
|
South Blaine Co |
118,000 |
67,929 |
-42 |
120,000 |
75,000 |
-37 |
88 |
83 |
-5 |
|||||||||||||||
|
Sun Valley |
860,000 |
796,000 |
-7 |
860,000 |
796,000 |
-7 |
86 |
95 |
+9 |
|||||||||||||||
|
Warm Springs |
725,000 |
203,000 |
-72 |
725,000 |
203,000 |
-72 |
94 |
94 |
+0 |
|||||||||||||||
|
Sub Type Totals: Residential Land |
310,806 |
225,655 |
-27 |
125,000 |
138,500 |
+10 |
91 |
91 |
0 |
|||||||||||||||
|
Average Sale Price |
Median Sale Price |
Percent of List |
||||||||||||||||||||||
|
Area |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
Last Year |
This Year |
PCT |
|||||||||||||||
|
Other |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|||||||||||||||
|
Sub Type Totals: Patented Mining Claims |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|||||||||||||||
|
SPACER |
||||||||||||||||||||||||
|
Grand |
323,881 |
222,357 |
-31 |
125,000 |
139,250 |
+11 |
0 |
0 |
0 |
|||||||||||||||
Information is deemed to be reliable, but is not guaranteed. © 2017 MLS and FBS. Prepared by Sheila Liermann, Associate Broker | Principal, AB,GRI,SFR on Tuesday, July 04, 2017 11:00 AM.
Check back in October for Third Quarter 2017 Real Estate Statistics Sun Valley, Idaho .
