Real Estate Statistics for Sun Valley, Idaho for 3rd Quarter 2018
YEAR-OVER-YEAR COMPARISON
This Year: 1/1/2018 to 9/30/2018
Last Year: 1/1/2017 to 9/30/2017
SHOW ME THE NUMBERS!
The Sun Valley Single-Family Home Statistics:
This Year: 1/1/2018 to 9/30/2018
Last Year: 1/1/2017 to 9/30/2017
SHOW ME THE NUMBERS!
The Sun Valley Single-Family Home Statistics:
- The median price of a single-family home in the Sun Valley MLS has not changed much compared to the 3rd quarter of 2017. This year the median price was $455,00; last year the median price was $452,500.
- Homes in Warm Springs have enjoyed the greatest appreciation comparing the 3rd quarter of 2018 with 2017. This year the median price of a home in Warm Springs in Ketchum was $1,497,500, compared with $760,000 last year, an increase of 97%.
- Ketchum's appreciation is up, too. Last year the median price of a home in Ketchum was $912,500. This year that number is $1,250,000.
- Across the entire MLS homes are selling for 95% of asking price, the exact same figure as last year.
- Not all the median sale prices are up. Prices are down 5% in Bellevue and down 9% in Elkhorn.
- Scroll down to see all areas of the Sun Valley MLS, plus all statistics, including YTD active listings, number under contract, number sold, sold volume and average sales price.
The Sun Valley Condo Numbers:
- The median sale price of condos in the Sun Valley MLS (across all areas) slid 6% from $360,000 last year to $335,000 this year.
- Condos in Sun Valley (exclusive of Elkhorn) are enjoying appreciation. The median price last year was $375,000 and was up 36% this year to $510,000.
- The median price of a condo in Warm Springs last year was $357,500 and has slid 13% to $307,500 this year. The number of condos under contract in Warm Springs are up 12% for the third quarter 2018. Does this mean buyers are seeing value in the Warm Springs condo market? Or?
- Again, scroll down to see all the statistical charts.
The Sun Valley Townhouse Statistics:
- Overall, the median price of townhouses in the entire Sun Valley MLS increased 21%, moving from $375,000 last year to $455,000 this year.
- Townhouses in Elkhorn in Sun Valley also had healthy appreciation moving from $535,000 last year to $1,010,000 this year, up 88%
- By now you know the drill, scroll down to see all of the statistics for townhouses in the Sun Valley MLS.
The Sun Valley Vacant Land Statistics:
- Ketchum experienced the greatest appreciation in median sale price of vacant residential land moving from $557,000 last year to $2,600,000 this year, an increase of 366%. If you'd like to know which lots contributed to this appreciation, just email or phone me.
- Vacant residential land north of Ketchum saw 125% appreciation. moving from a median sale price of $650,000 last year to $1,462,500 this year.
- Vacant land in Bellevue slid 17% in median price and Elkhorn took a big hit of 57%.
- The median price of vacant lots in Warm Springs in Ketchum increased 31% from $365,500 last year to $481,000 this year.
SINGLE-FAMILY RESIDENTIAL STATISTICS FOR THE THIRD QUARTER FROM THE SUN VALLEY MLS
| Total Active | New Listings | Number Under Contract | |||||||
| Area | Last Year | This Year | PCT | Last Year | This Year | PCT | Last Year | This Year | PCT |
| Bellevue | 94 | 81 | -13 | 68 | 53 | -22 | 36 | 34 | -5 |
| Elkhorn in Sun Valley | 67 | 62 | -7 | 41 | 27 | -34 | 19 | 20 | 5 |
| Hailey | 214 | 242 | 13 | 166 | 184 | 10 | 124 | 144 | 16 |
| Ketchum | 84 | 92 | 9 | 46 | 52 | 13 | 25 | 18 | -28 |
| Mackay | 2 | 8 | 300 | 1 | 6 | 500 | 0 | 3 | + |
| South of Ketchum | 173 | 154 | -10 | 103 | 93 | -9 | 38 | 44 | 15 |
| North of Ketchum | 53 | 47 | -11 | 31 | 20 | -35 | 8 | 23 | 187 |
| Other | 122 | 89 | -27 | 64 | 45 | -29 | 39 | 38 | -2 |
| Stanley Basin | 4 | 11 | 175 | 3 | 7 | 133 | 1 | 3 | 200 |
| South Blaine Co | 31 | 37 | 19 | 24 | 29 | 20 | 12 | 14 | 16 |
| Sun Valley | 65 | 41 | -36 | 34 | 19 | -44 | 19 | 13 | -31 |
| Warm Springs in Ketchum | 61 | 64 | 4 | 35 | 35 | 0 | 16 | 24 | 50 |
| Sub Type Totals: Single Family Residence | 970 | 928 | -4 | 616 | 570 | -7 | 337 | 378 | 12 |
| Number Sold | Sold Volume | Average Sale Price | |||||||
| Area | Last Year | This Year | PCT | Last Year | This Year | PCT | Last Year | This Year | PCT |
| Bellevue | 27 | 28 | 3 | 9,617,450 | 10,988,170 | 14 | 356,202 | 392,435 | 10 |
| Elkhorn in Sun Valley | 12 | 16 | 33 | 15,951,678 | 20,230,500 | 26 | 1,329,306 | 1,264,406 | -4 |
| Hailey | 111 | 131 | 18 | 48,361,405 | 58,137,775 | 20 | 435,688 | 443,800 | 1 |
| Ketchum | 22 | 15 | -31 | 58,493,500 | 26,630,000 | -54 | 2,658,795 | 1,775,333 | -33 |
| Mackay | 0 | 2 | + | 0 | 345,000 | + | 0 | 172,500 | + |
| South of Ketchum | 36 | 36 | 0 | 53,443,661 | 42,674,000 | -20 | 1,484,546 | 1,185,389 | -20 |
| North of Ketchum | 8 | 23 | 187 | 15,295,000 | 31,428,467 | 105 | 1,911,875 | 1,366,455 | -28 |
| Other | 35 | 35 | 0 | 6,330,109 | 13,059,200 | 106 | 180,860 | 373,120 | 106 |
| Stanley Basin | 0 | 4 | + | 0 | 3,070,000 | + | 0 | 767,500 | + |
| South Blaine Co | 10 | 11 | 10 | 2,818,003 | 5,335,000 | 89 | 281,800 | 485,000 | 72 |
| Sun Valley | 17 | 9 | -47 | 33,996,000 | 20,415,000 | -39 | 1,999,765 | 2,268,333 | 13 |
| Warm Springs in Ketchum | 15 | 20 | 33 | 14,799,326 | 33,758,000 | 128 | 986,622 | 1,687,900 | 71 |
| Sub Type Totals: Single Family Residence | 293 | 330 | 12 | 259,106,132 | 266,071,112 | 2 | 884,321 | 806,276 | -8 |
| Median Sale Price | Percent of List | |||||
| Area | Last Year | This Year | PCT | Last Year | This Year | PCT |
| Bellevue | 324,950 | 306,250 | -5 | 97 | 97 | 0 |
| Elkhorn in Sun Valley | 1,153,500 | 1,042,500 | -9 | 96 | 95 | -1 |
| Hailey | 365,000 | 379,500 | 3 | 97 | 98 | 0 |
| Ketchum | 912,500 | 1,250,000 | 36 | 94 | 97 | 2 |
| Mackay | 0 | 172,500 | + | 0 | 98 | + |
| South of Ketchum | 916,000 | 1,082,500 | 18 | 96 | 94 | -1 |
| North of Ketchum | 1,175,000 | 910,000 | -22 | 91 | 93 | 2 |
| Other | 140,000 | 225,000 | 60 | 95 | 95 | 0 |
| Stanley Basin | 0 | 710,000 | + | 0 | 98 | + |
| South Blaine Co | 193,450 | 255,000 | 31 | 97 | 90 | -6 |
| Sun Valley | 1,875,000 | 1,610,000 | -14 | 92 | 91 | 0 |
| Warm Springs in Ketchum | 760,000 | 1,497,500 | 97 | 95 | 94 | -1 |
| Sub Type Totals: Single Family Residence | 452,500 | 455,000 | 0 | 95 | 95 | 0 |
CONDO STATISTICS FOR THIRD QUARTER 2018 FROM THE SUN VALLEY MLS
| Total Active | New Listings | Number Under Contract | |||||||
| Area | Last Year | This Year | PCT | Last Year | This Year | PCT | Last Year | This Year | PCT |
| Elkhorn in Sun Valley | 102 | 87 | -14 | 57 | 63 | 10 | 44 | 59 | 34 |
| Hailey | 20 | 25 | 25 | 12 | 20 | 66 | 9 | 12 | 33 |
| Ketchum | 140 | 141 | 0 | 80 | 93 | 16 | 59 | 64 | 8 |
| South of Ketchum | 0 | 2 | + | 0 | 2 | + | 0 | 2 | + |
| North of Ketchum | 0 | 1 | + | 0 | 1 | + | 0 | 1 | + |
| Sun Valley | 53 | 56 | 5 | 33 | 41 | 24 | 21 | 31 | 47 |
| Warm Springs in Ketchum | 57 | 51 | -10 | 32 | 27 | -15 | 24 | 27 | 12 |
| Sub Type Totals: Condominium | 372 | 363 | -2 | 214 | 247 | 15 | 157 | 196 | 24 |
| Number Sold | Sold Volume | Average Sale Price | |||||||
| Area | Last Year | This Year | PCT | Last Year | This Year | PCT | Last Year | This Year | PCT |
| Elkhorn in Sun Valley | 37 | 56 | 51 | 13,878,700 | 19,016,425 | 37 | 375,100 | 339,579 | -9 |
| Hailey | 8 | 10 | 25 | 1,475,000 | 2,037,300 | 38 | 184,375 | 203,730 | 10 |
| Ketchum | 61 | 61 | 0 | 54,902,000 | 43,754,453 | -20 | 900,033 | 717,286 | -20 |
| South of Ketchum | 0 | 2 | + | 0 | 323,000 | + | 0 | 161,500 | + |
| North of Ketchum | 0 | 1 | + | 0 | 1,775,000 | + | 0 | 1,775,000 | + |
| Sun Valley | 19 | 27 | 42 | 8,297,900 | 15,815,000 | 90 | 436,732 | 585,741 | 34 |
| Warm Springs in Ketchum | 26 | 24 | -7 | 11,098,500 | 10,439,999 | -5 | 426,865 | 435,000 | 1 |
| Sub Type Totals: Condominium | 151 | 181 | 19 | 89,652,100 | 93,161,177 | 3 | 593,723 | 514,703 | -13 |
| Median Sale Price | Percent of List | |||||
| Area | Last Year | This Year | PCT | Last Year | This Year | PCT |
| Elkhorn in Sun Valley | 300,000 | 294,750 | -1 | 96 | 97 | 1 |
| Hailey | 196,750 | 205,000 | 4 | 96 | 98 | 1 |
| Ketchum | 530,000 | 455,000 | -14 | 96 | 96 | 0 |
| South of Ketchum | 0 | 161,500 | + | 0 | 101 | + |
| North of Ketchum | 0 | 1,775,000 | + | 0 | 96 | + |
| Sun Valley | 375,000 | 510,000 | 36 | 95 | 99 | 3 |
| Warm Springs in Ketchum | 357,500 | 307,500 | -13 | 94 | 94 | 0 |
| Sub Type Totals: Condominium | 360,000 | 335,000 | -6 | 95 | 97 | 2 |
TOWNHOUSE STATISTICS FOR THIRD QUARTER 2018 FROM THE SUN VALLEY MLS
| Total Active | New Listings | Number Under Contract | |||||||
| Area | Last Year | This Year | PCT | Last Year | This Year | PCT | Last Year | This Year | PCT |
| Bellevue | 1 | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 0 |
| Elkhorn in Sun Valley | 26 | 18 | -30 | 15 | 7 | -53 | 10 | 9 | -10 |
| Hailey | 65 | 51 | -21 | 60 | 39 | -35 | 42 | 29 | -30 |
| Ketchum | 64 | 42 | -34 | 36 | 21 | -41 | 28 | 21 | -25 |
| South of Ketchum | 1 | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Other | 3 | 1 | -66 | 3 | 1 | -66 | 1 | 0 | - |
| Sun Valley | 7 | 10 | 42 | 7 | 7 | 0 | 3 | 6 | 100 |
| Warm Springs in Ketchum | 20 | 28 | 40 | 11 | 21 | 90 | 10 | 8 | -20 |
| Sub Type Totals: Townhouse | 187 | 151 | -19 | 133 | 97 | -27 | 95 | 74 | -22 |
| Number Sold | Sold Volume | Average Sale Price | |||||||
| Area | Last Year | This Year | PCT | Last Year | This Year | PCT | Last Year | This Year | PCT |
| Bellevue | 1 | 0 | - | 186,500 | 0 | - | 186,500 | 0 | - |
| Elkhorn in Sun Valley | 9 | 11 | 22 | 7,037,500 | 9,983,500 | 41 | 781,944 | 907,591 | 16 |
| Hailey | 34 | 26 | -23 | 8,354,759 | 6,171,500 | -26 | 245,728 | 237,365 | -3 |
| Ketchum | 25 | 19 | -24 | 20,632,000 | 21,456,500 | 3 | 825,280 | 1,129,289 | 36 |
| South of Ketchum | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other | 1 | 0 | - | 135,000 | 0 | - | 135,000 | 0 | - |
| Sun Valley | 3 | 4 | 33 | 2,179,000 | 3,125,000 | 43 | 726,333 | 781,250 | 7 |
| Warm Springs in Ketchum | 11 | 5 | -54 | 8,245,000 | 3,554,000 | -56 | 749,545 | 710,800 | -5 |
| Sub Type Totals: Townhouse | 84 | 65 | -22 | 46,769,759 | 44,290,500 | -5 | 556,783 | 681,392 | 22 |
| Median Sale Price | Percent of List | |||||
| Area | Last Year | This Year | PCT | Last Year | This Year | PCT |
| Bellevue | 186,500 | 0 | -100 | 99 | 0 | - |
| Elkhorn in Sun Valley | 535,000 | 1,010,000 | 88 | 94 | 93 | 0 |
| Hailey | 228,500 | 227,500 | 0 | 99 | 98 | -1 |
| Ketchum | 685,000 | 728,750 | 6 | 95 | 97 | 1 |
| South of Ketchum | 0 | 0 | 0 | 0 | 0 | 0 |
| Other | 135,000 | 0 | -100 | 98 | 0 | - |
| Sun Valley | 474,000 | 472,500 | 0 | 97 | 96 | -1 |
| Warm Springs in Ketchum | 787,000 | 725,000 | -7 | 94 | 96 | 1 |
| Sub Type Totals: Townhouse | 375,000 | 455,000 | 21 | 97 | 96 | -1 |
VACANT LAND STATISTICS FOR THIRD QUARTER 2018 FROM THE SUN VALLEY
| Total Active | New Listings | Number Under Contract | |||||||
| Area | Last Year | This Year | PCT | Last Year | This Year | PCT | Last Year | This Year | PCT |
| Bellevue | 55 | 60 | 9 | 32 | 23 | -28 | 8 | 8 | 0 |
| Elkhorn in Sun Valley | 29 | 30 | 3 | 14 | 13 | -7 | 3 | 1 | -66 |
| Hailey | 176 | 200 | 13 | 111 | 95 | -14 | 35 | 31 | -11 |
| Ketchum | 19 | 27 | 42 | 7 | 20 | 185 | 7 | 3 | -57 |
| Mackay | 0 | 11 | + | 0 | 11 | + | 0 | 1 | + |
| South of Ketchum | 140 | 121 | -13 | 73 | 45 | -38 | 18 | 17 | -5 |
| North of Ketchum | 39 | 27 | -30 | 14 | 7 | -50 | 7 | 4 | -42 |
| Other | 161 | 143 | -11 | 71 | 64 | -9 | 28 | 38 | 35 |
| South Blaine Co | 66 | 62 | -6 | 37 | 24 | -35 | 9 | 13 | 44 |
| Stanley Basin | 2 | 8 | 300 | 1 | 6 | 500 | 0 | 3 | + |
| Sun Valley | 35 | 29 | -17 | 18 | 7 | -61 | 4 | 3 | -25 |
| Warm Springs in Ketchum | 38 | 42 | 10 | 19 | 22 | 15 | 2 | 5 | 150 |
| Sub Type Totals: Residential Land | 760 | 760 | 0 | 397 | 337 | -15 | 121 | 127 | 4 |
| Number Sold | Sold Volume | Average Sale Price | |||||||
| Area | Last Year | This Year | PCT | Last Year | This Year | PCT | Last Year | This Year | PCT |
| Bellevue | 9 | 8 | -11 | 1,128,500 | 918,500 | -18 | 125,389 | 114,812 | -8 |
| Elkhorn in Sun Valley | 2 | 1 | -50 | 1,482,000 | 315,000 | -78 | 741,000 | 315,000 | -57 |
| Hailey | 31 | 24 | -22 | 5,030,461 | 3,950,360 | -21 | 162,273 | 164,598 | 1 |
| Ketchum | 5 | 4 | -20 | 3,237,000 | 12,175,000 | 276 | 647,400 | 3,043,750 | 370 |
| Mackay | 0 | 1 | + | 0 | 38,380 | + | 0 | 38,380 | + |
| South of Ketchum | 21 | 11 | -47 | 7,054,000 | 3,506,500 | -50 | 335,905 | 318,773 | -5 |
| North of Ketchum | 3 | 2 | -33 | 3,525,000 | 2,925,000 | -17 | 1,175,000 | 1,462,500 | 24 |
| Other | 28 | 32 | 14 | 2,334,323 | 2,217,230 | -5 | 83,369 | 69,288 | -16 |
| South Blaine Co | 9 | 12 | 33 | 624,000 | 1,227,900 | 96 | 69,333 | 102,325 | 47 |
| Stanley Basin | 0 | 3 | + | 0 | 620,000 | + | 0 | 206,667 | + |
| Sun Valley | 4 | 4 | 0 | 3,062,000 | 4,165,000 | 36 | 765,500 | 1,041,250 | 36 |
| Warm Springs in Ketchum | 3 | 3 | 0 | 978,500 | 1,369,000 | 39 | 326,167 | 456,333 | 39 |
| Sub Type Totals: Residential Land | 115 | 105 | -8 | 28,455,784 | 33,427,870 | 17 | 247,442 | 318,361 | 28 |
| Median Sale Price | Percent of List | |||||
| Area | Last Year | This Year | PCT | Last Year | This Year | PCT |
| Bellevue | 130,000 | 107,500 | -17 | 89 | 94 | 6 |
| Elkhorn in Sun Valley | 741,000 | 315,000 | -57 | 90 | 80 | -11 |
| Hailey | 135,000 | 123,250 | -8 | 94 | 95 | 1 |
| Ketchum | 557,000 | 2,600,000 | 366 | 94 | 92 | -2 |
| Mackay | 0 | 38,380 | + | 0 | 82 | + |
| South of Ketchum | 305,000 | 220,000 | -27 | 92 | 90 | -2 |
| North of Ketchum | 650,000 | 1,462,500 | 125 | 92 | 81 | -12 |
| Other | 46,000 | 34,815 | -24 | 93 | 88 | -5 |
| South Blaine Co | 75,000 | 111,000 | 48 | 81 | 90 | 11 |
| Stanley Basin | 0 | 200,000 | + | 0 | 85 | + |
| Sun Valley | 796,000 | 1,075,000 | 35 | 90 | 94 | 3 |
| Warm Springs in Ketchum | 365,500 | 481,000 | 31 | 94 | 88 | -7 |
| Sub Type Totals: Residential Land | 137,995 | 123,250 | -10 | 91 | 88 | -3 |
| Information is deemed to be reliable, but is not guaranteed. © 2018 MLS and FBS. Prepared by Sheila Liermann, Associate Broker | Principal, AB,GRI,SFR on Saturday, October 13, 2018 12:58 PM. |
Respectfully submitted,
Sheila Liermann | Sun Valley Real Estate Broker
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