Scroll Down Below Statistics for the VIDEO SCRIPT
Year Over Year Comparison
This Year: 1/1/2021 to 10/26/2021
Last Year: 1/1/2020 to 10/26/2020
SUN VALLEY SINGLE-FAMILY HOME MARKET STATISTICS
| Total Active | New Listings | Number Under Contract | |||||||
| Area | Last Year | This Year | PCT | Last Year | This Year | PCT | Last Year | This Year | PCT |
| Bellevue | 60 | 67 | 11 | 44 | 59 | 34 | 36 | 39 | 8 |
| Elkhorn in Sun Valley | 42 | 19 | -54 | 28 | 18 | -35 | 31 | 11 | -64 |
| Hailey | 182 | 155 | -14 | 154 | 142 | -7 | 117 | 119 | 1 |
| Ketchum | 57 | 30 | -47 | 35 | 20 | -42 | 20 | 15 | -25 |
| Lost River Valley | 13 | 3 | -76 | 4 | 2 | -50 | 9 | 1 | -88 |
| South of Ketchum | 172 | 94 | -45 | 119 | 73 | -38 | 90 | 58 | -35 |
| North of Ketchum | 28 | 25 | -10 | 14 | 16 | 14 | 14 | 12 | -14 |
| Other | 40 | 35 | -12 | 22 | 31 | 40 | 23 | 20 | -13 |
| Sawtooth Valley | 14 | 6 | -57 | 12 | 5 | -58 | 13 | 2 | -84 |
| South Blaine Co | 46 | 50 | 8 | 35 | 44 | 25 | 28 | 27 | -3 |
| Salmon River Area | 0 | 3 | + | 0 | 3 | + | 0 | 1 | + |
| Sun Valley | 41 | 22 | -46 | 28 | 16 | -42 | 22 | 14 | -36 |
| Warm Springs in Ketchum | 44 | 23 | -47 | 30 | 19 | -36 | 28 | 16 | -42 |
| Sub Type Totals: Single Family Residence | 739 | 532 | -28 | 525 | 448 | -14 | 431 | 335 | -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 | 30 | 33 | 10 | 12,486,536 | 21,545,400 | 72 | 416,218 | 652,891 | 56 |
| Elkhorn in Sun Valley | 26 | 11 | -57 | 37,721,550 | 31,675,000 | -16 | 1,450,829 | 2,879,545 | 98 |
| Hailey | 89 | 119 | 33 | 55,382,800 | 92,118,400 | 66 | 622,279 | 774,104 | 24 |
| Ketchum | 14 | 15 | 7 | 63,210,400 | 41,195,000 | -34 | 4,515,029 | 2,746,333 | -39 |
| Lost River Valley | 8 | 2 | -75 | 2,572,500 | 1,057,000 | -58 | 321,562 | 528,500 | 64 |
| South of Ketchum | 71 | 49 | -30 | 135,603,250 | 119,523,650 | -11 | 1,909,905 | 2,439,258 | 27 |
| North of Ketchum | 14 | 12 | -14 | 40,318,000 | 66,560,000 | 65 | 2,879,857 | 5,546,667 | 92 |
| Other | 21 | 17 | -19 | 12,666,600 | 6,801,900 | -46 | 603,171 | 400,112 | -33 |
| Sawtooth Valley | 12 | 2 | -83 | 8,367,500 | 2,030,000 | -75 | 697,292 | 1,015,000 | 45 |
| South Blaine Co | 23 | 25 | 8 | 15,406,000 | 23,004,000 | 49 | 669,826 | 920,160 | 37 |
| Salmon River Area | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sun Valley | 16 | 13 | -18 | 55,385,001 | 42,486,500 | -23 | 3,461,563 | 3,268,192 | -5 |
| Warm Springs in Ketchum | 21 | 15 | -28 | 39,195,000 | 37,327,000 | -4 | 1,866,429 | 2,488,467 | 33 |
| Sub Type Totals: Single Family Residence | 345 | 313 | -9 | 478,315,137 | 485,323,850 | 1 | 1,386,421 | 1,550,555 | 11 |
| Median Sale Price | Percent of List | |||||
| Area | Last Year | This Year | PCT | Last Year | This Year | PCT |
| Bellevue | 369,450 | 545,000 | 47 | 98 | 100 | 2 |
| Elkhorn in Sun Valley | 1,172,500 | 2,800,000 | 138 | 96 | 102 | 6 |
| Hailey | 509,000 | 672,000 | 32 | 98 | 100 | 2 |
| Ketchum | 3,337,500 | 2,375,000 | -28 | 93 | 100 | 7 |
| Lost River Valley | 247,500 | 528,500 | 113 | 93 | 100 | 7 |
| South of Ketchum | 1,600,000 | 1,690,000 | 5 | 97 | 100 | 3 |
| North of Ketchum | 2,159,500 | 3,250,000 | 50 | 91 | 100 | 9 |
| Other | 390,000 | 336,000 | -13 | 97 | 100 | 2 |
| Sawtooth Valley | 450,000 | 1,015,000 | 125 | 98 | 100 | 2 |
| South Blaine Co | 651,000 | 829,000 | 27 | 97 | 100 | 2 |
| Salmon River Area | 0 | 0 | 0 | 0 | 0 | 0 |
| Sun Valley | 2,670,000 | 3,395,000 | 27 | 98 | 102 | 3 |
| Warm Springs in Ketchum | 1,522,500 | 1,972,500 | 29 | 94 | 106 | 13 |
| Sub Type Totals: Single Family Residence | 800,000 | 862,000 | 7 | 96 | 101 | 5 |
SUN VALLEY CONDO MARKET STATISTICS
| 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 | 87 | 89 | 2 | 75 | 89 | 18 | 74 | 72 | -2 |
| Hailey | 16 | 32 | 100 | 14 | 31 | 121 | 12 | 24 | 100 |
| Ketchum | 148 | 97 | -34 | 114 | 74 | -35 | 78 | 72 | -7 |
| South of Ketchum | 3 | 0 | - | 3 | 0 | - | 3 | 0 | - |
| North of Ketchum | 0 | 1 | + | 0 | 1 | + | 0 | 0 | 0 |
| Other | 1 | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 0 |
| Sun Valley | 42 | 46 | 9 | 36 | 41 | 13 | 32 | 33 | 3 |
| Warm Springs in Ketchum | 58 | 35 | -39 | 44 | 33 | -25 | 37 | 25 | -32 |
| Sub Type Totals: Condominium | 355 | 301 | -15 | 287 | 270 | -5 | 237 | 227 | -4 |
| 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 | 63 | 68 | 7 | 30,324,300 | 48,260,550 | 59 | 481,338 | 709,714 | 47 |
| Hailey | 10 | 22 | 120 | 3,014,550 | 10,498,527 | 248 | 301,455 | 477,206 | 58 |
| Ketchum | 71 | 81 | 14 | 65,195,953 | 115,237,250 | 76 | 918,253 | 1,422,682 | 54 |
| South of Ketchum | 3 | 0 | - | 620,000 | 0 | - | 206,667 | 0 | - |
| North of Ketchum | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other | 1 | 1 | 0 | 739,000 | 289,000 | -60 | 739,000 | 289,000 | -60 |
| Sun Valley | 32 | 31 | -3 | 17,275,000 | 33,802,300 | 95 | 539,844 | 1,090,397 | 101 |
| Warm Springs in Ketchum | 30 | 25 | -16 | 18,230,000 | 15,787,275 | -13 | 607,667 | 631,491 | 3 |
| Sub Type Totals: Condominium | 210 | 228 | 8 | 135,398,803 | 223,874,902 | 65 | 644,756 | 981,907 | 52 |
| Median Sale Price | Percent of List | |||||
| Area | Last Year | This Year | PCT | Last Year | This Year | PCT |
| Elkhorn in Sun Valley | 430,000 | 654,975 | 52 | 98 | 101 | 3 |
| Hailey | 271,400 | 352,500 | 29 | 98 | 100 | 1 |
| Ketchum | 625,000 | 770,000 | 23 | 98 | 102 | 3 |
| South of Ketchum | 210,000 | 0 | -100 | 100 | 0 | - |
| North of Ketchum | 0 | 0 | 0 | 0 | 0 | 0 |
| Other | 739,000 | 289,000 | -60 | 100 | 100 | 0 |
| Sun Valley | 550,000 | 1,050,000 | 90 | 98 | 101 | 3 |
| Warm Springs in Ketchum | 449,500 | 580,000 | 29 | 97 | 102 | 4 |
| Sub Type Totals: Condominium | 455,250 | 682,750 | 49 | 98 | 101 | 3 |
SUN VALLEY TOWNHOUSE MARKET STATISTICS
| Total Active | New Listings | Number Under Contract | |||||||
| Area | Last Year | This Year | PCT | Last Year | This Year | PCT | Last Year | This Year | PCT |
| Bellevue | 2 | 2 | 0 | 2 | 2 | 0 | 1 | 2 | 100 |
| Elkhorn in Sun Valley | 24 | 14 | -41 | 20 | 11 | -45 | 19 | 13 | -31 |
| Hailey | 78 | 28 | -64 | 70 | 25 | -64 | 43 | 27 | -37 |
| Ketchum | 47 | 22 | -53 | 36 | 19 | -47 | 38 | 16 | -57 |
| North of Ketchum | 1 | 0 | - | 0 | 0 | 0 | 1 | 0 | - |
| Sun Valley | 3 | 4 | 33 | 3 | 4 | 33 | 2 | 4 | 100 |
| Warm Springs in Ketchum | 28 | 15 | -46 | 22 | 12 | -45 | 19 | 11 | -42 |
| Sub Type Totals: Townhouse | 183 | 85 | -53 | 153 | 73 | -52 | 123 | 73 | -40 |
| Number Sold | Sold Volume | Average Sale Price | |||||||
| Area | Last Year | This Year | PCT | Last Year | This Year | PCT | Last Year | This Year | PCT |
| Bellevue | 0 | 2 | + | 0 | 890,000 | + | 0 | 445,000 | + |
| Elkhorn in Sun Valley | 8 | 13 | 62 | 11,631,000 | 21,014,000 | 80 | 1,453,875 | 1,616,462 | 11 |
| Hailey | 26 | 30 | 15 | 7,326,080 | 11,108,270 | 51 | 281,772 | 370,276 | 31 |
| Ketchum | 25 | 18 | -28 | 32,829,795 | 24,224,200 | -26 | 1,313,192 | 1,345,789 | 2 |
| North of Ketchum | 1 | 0 | - | 749,000 | 0 | - | 749,000 | 0 | - |
| Sun Valley | 1 | 4 | 300 | 489,000 | 8,985,000 | 1737 | 489,000 | 2,246,250 | 359 |
| Warm Springs in Ketchum | 16 | 10 | -37 | 12,501,000 | 16,324,551 | 30 | 781,312 | 1,632,455 | 108 |
| Sub Type Totals: Townhouse | 77 | 77 | 0 | 65,525,875 | 82,546,021 | 25 | 850,985 | 1,072,026 | 25 |
| Median Sale Price | Percent of List | |||||
| Area | Last Year | This Year | PCT | Last Year | This Year | PCT |
| Bellevue | 0 | 445,000 | + | 0 | 96 | + |
| Elkhorn in Sun Valley | 1,485,000 | 1,900,000 | 27 | 99 | 98 | 0 |
| Hailey | 278,250 | 387,000 | 39 | 97 | 102 | 4 |
| Ketchum | 1,260,000 | 1,537,500 | 22 | 98 | 104 | 5 |
| North of Ketchum | 749,000 | 0 | -100 | 99 | 0 | - |
| Sun Valley | 489,000 | 2,212,500 | 352 | 98 | 104 | 6 |
| Warm Springs in Ketchum | 747,000 | 1,536,250 | 105 | 99 | 102 | 3 |
| Sub Type Totals: Townhouse | 682,000 | 709,500 | 4 | 98 | 101 | 3 |
Information is deemed to be reliable, but is not guaranteed. © 2021 MLS and FBS. Prepared by Sheila Liermann, Associate Broker, AAB, RSPS, GRI, SFR on Wednesday, October 27, 2021 11:08 AM.
video script
Greetings from East Fork:
I hope this video finds you well and cozy on these chilly days. Hasn’t this fall been amazing with the vibrant aspen trees and snow on the high mountains? I don’t think it gets any better than this.
Do you wonder what’s going on with the market? Me too! It’s crazy.
How has the pandemic changed Sun Valley real estate? In March of 2020, like many I just couldn’t fathom that Baldy would close for the year. The real estate market reacted quickly, too, with the median price of residential property dropping almost 14%. Then prices bumbled along for a few months before jumping up 12% in September. Overall since the beginning of the pandemic, the price of residential property in Sun Valley has increased over 30%.
I disagree with the statement that all real estate is local. In the Wood River Valley, all real estate is hyper-local.
For instance, a
condo in Ketchum reacts differently to the market than a condo in Sun Valley.
The median price of a condo in Ketchum is up Year-to-Date 23% to $770,000,
while the median price of a Sun Valley condo is up 90% to $1,050,000. Yes, the
median price of a Sun Valley condo is up 90%. That wasn’t a typo in my script!
Single-family homes in Warm Springs are selling at 106% of asking price - that is the widest gap between asking price and selling price in any neighborhood.
Across all neighborhoods, homes are selling at 101% of asking price, on average.
Because we are a small community with a small data base, these numbers make statistical analysis a bit difficult. In other words, these numbers are intended as a guide only, because as I said various property types and various neighborhoods react to the market in their own unique way. Contact me if you are interested in discussing a specific neighborhood or a specific property type.
It would appear that residential prices are leveling off. Is this a trend? An anomaly? A seasonal change in the market? We don’t know yet. So check out my November newsletter for up-to-date statistics and a recipe for my make-ahead mashed potatoes so you can ski on Thanksgiving instead of slaving over the stove. Believe me, nobody will know you made them ahead.
Respectfully Blogged by SHEILA LIERMANN | 208.481.0450 | SunValleySheila@gmail.com
