SUN VALLEY
REAL ESTATE MARKET REPORT FEBRUARY 2019
Prepared by Coldwell Banker Distinctive Properties | Sun Valley
SUN VALLEY MLS THROUGH FEBRUARY 2019 Entire Market YTD Sales
Sold Volume
Median Sales Price
February
44
$36.1M
$428,750
2019 YTD
110 (-9.7%)
$68.8M (+9.9%)
$389,000 (+18.2%)
Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
February
18
$19.9M
$724,500
2019 YTD
35 (-5.4%)
$36.6 (+40.7%)
$580,000 (+33.3%)
Condo/Townhome Sales YTD Sales
Sold Volume
Median Sales Price
February
18
$12.8M
$350,750
2019 YTD
36 (-5.3%)
$21.7M (+6.0%)
$340,000 (+13.3%)
Sales
Sold Volume
Median Sales Price
February
5
$1.3M
$272,000
2019 YTD
17 (-22.7%)
$4.7M (-64.1%)
$200,000 (+37.9%)
Sales
Sold Volume
Median Sales Price
February
2
$1.9M
$968,750
2019 YTD
4 (0.0%)
$3.0M (+75.1%)
$1.1M (+200.0%)
Vacant Land Sales YTD
Commercial Sales YTD
Luxury Residential Sales ($1M+ Sale Price) YTD Sales
Sold Volume
Median Sales Price
February
12
$23.5M
$1,512,500
2019 YTD
19 (+26.7%)
$37.7M (+64.3%)
$1,550,000 (+29.2%)
NORTH OF KETCHUM THROUGH FEB 2019 Entire North of Ketchum Market YTD Sales
Sold Volume
Median Sales Price
February
0
$0M
$0M
2019 YTD
2 (-33.3%)
$2.86M (-6.0%)
$2.2M (+363.2%)
North of Ketchum Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
February
0
$0
$0
2019 YTD
1 (0.0%)
$2.2M (1748.7%)
$2.2M (1748.7%)
North of Ketchum Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
February
0
$0
$0.0
2019 YTD
1 (-50.0%)
$660,000 (-77.4%)
$660,000 (-73.1%)
MICRO-MARKET INSIGHT: Thanks to a large home sale in Hulen Meadows, the North of Ketchum market is on the sales board! Currently, there are 12 homes listed for sale North of Ketchum.
KETCHUM THROUGH FEB 2019 Entire Ketchum Market YTD Sales
Sold Volume
Median Sales Price
February
12
$9.5M
$565,000
2019 YTD
23 (+4.5%)
$18.2M (-6.6%)
$625,000 (-15.5%)
Ketchum Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
February
2
$4.7M
$2.3M
2019 YTD
4 (+33.3%)
$7.1M (+233.9%)
$2.0M (+174.9%)
Ketchum Condo/Townhome Sales YTD Sales
Sold Volume
Median Sales Price
February
8
$5.9M
$562,000
2019 YTD
13 (0.0%)
$8.9M (-19.3%)
$625,000 (-24.1%)
Ketchum Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
February
0
$0
$0
2019 YTD
0 (-100.0%)
$0 (-100.0%)
$0 (-100.0%)
MICRO-MARKET INSIGHT: “In-town” is still the buzzword for Sun Valley buyers, and after a slower 2018, we are expecting sales in Ketchum to pick up, for both homes and condo/townhomes.
WARM SPRINGS THROUGH FEB 2019 Entire Warm Springs Market YTD Sales
Sold Volume
Median Sales Price
February
3
$1.1M
$287,500
2019 YTD
5 (-44.4%)
$4.0M (-41.9%)
$290,000 (-3.3%)
Warm Springs Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
February
0
$0
$0
2019 YTD
1 (-66.7%)
$2.6M (-49.3%)
$2.6M (+30.0%)
Warm Springs Condo/Townhome Sales YTD Sales
Sold Volume
Median Sales Price
February
3
$1.1M
$287,500
2019 YTD
4 (-33.3%)
$1.4M (-19.2%)
$290,000 (+5.5%)
Warm Springs Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
February
0
$0
$0
2019 YTD
0 (0.0%)
$0 (0.0%)
$0 (0.0%)
MICRO-MARKET INSIGHT: There are currently 21 residential homes listed in the Warm Springs area, 6 of which are pending. 28 Condos/townhomes are listed, so the inventory in WS is there!
SUN VALLEY VILLAGE THROUGH FEB 2019 Entire Sun Valley Village Market YTD Sales
Sold Volume
Median Sales Price
February
6
$12.0M
$1.4M
2019 YTD
11 (+120.0%)
$16.2M (+203.1%)
$1.2M (-13.4%)
Sun Valley Village Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
February
3
$7.3M
$1.6M
2019 YTD
4 (+300.0%)
$8.5M (+513.2%)
$1.6M (+11.9%)
Sun Valley Village Condo/Townhome Sales YTD Sales
Sold Volume
Median Sales Price
February
3
$4.5M
$450,000
2019 YTD
5 (+66.7%)
$7.1M (+190.4%)
$450,000 (+3.4%)
Sun Valley Village Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
February
0
$0
$0
2019 YTD
1 (0.0%)
$487,000 (-67.5%)
$487,000 (-67.5%)
MICRO-MARKET INSIGHT: Almost every indicator is up in the Sun Valley Village. Looks like the renovation of the Lodge and Inn, and new construction (White Clouds, etc) is paying off for SV.
ELKHORN THROUGH FEB 2019 Entire Elkhorn Market YTD Sales
Sold Volume
Median Sales Price
February
5
$4.3M
$869,000
2019 YTD
17 (+13.3%)
$9.8M (+10.4%)
$385,000 (+30.5%)
Elkhorn Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
February
3
$3.5M
$1.2M
2019 YTD
5 (+66.7%)
$5.6M (+21.2%)
$1.2M (+5.3%)
Elkhorn Condo/Townhome Sales YTD Sales
Sold Volume
Median Sales Price
February
1
$366,500
$366,500
2019 YTD
10 (-9.1%)
$3.4M (-20.0%)
$315,000 (+10.5%)
Elkhorn Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
February
1
$475,000
$475,000
2019 YTD
1 (+100.0%)
$475,000 (+100.0%)
$475,000 (+100.0%)
MICRO-MARKET INSIGHT: Two homes over $1M sold in Elkhorn in February, and the vacant land sale is a rarity (only 3 in the last couple years total!). These are all good signs for Elkhorn.
SOUTH OF KETCHUM THROUGH FEB 2019 Entire South of Ketchum Market YTD Sales
Sold Volume
Median Sales Price
February
4
$4.6M
$1.1M
2019 YTD
7 (+16.7%)
$6.7M (+156.6%)
$900,000 (+81.8%)
South of Ketchum Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
February
3
$4.3M
$1.7M
2019 YTD
4 (0.0%)
$5.2M (+127.8%)
$1.7M (+191.6%)
South of Ketchum Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
February
1
$300,000M
$300,000
2019 YTD
3 (+50.0%)
$1.5M (+344.9%)
$325,000 (+80.6%)
MICRO-MARKET INSIGHT: Our epic winter is making the market South of Ketchum a little sluggish—driving around city streets is hard enough lately, let alone out East Fork or Greenhorn. The spring will likely bring a lot more buyers South of Ketchum.
HAILEY THROUGH FEB 2019 Entire Hailey Market YTD Sales
Sold Volume
Median Sales Price
February
11
$3.2M
$269,000
2019 YTD
22 (-18.5%)
$6.2M (-32.6%)
$272,000 (-11.7%)
Hailey Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
February
6
$2.2M
$363,750
2019 YTD
12 (-14.3%)
$4.2M (-28.1%)
$399,000 (+3.1%)
Hailey Condo/Townhome Sales YTD Sales
Sold Volume
Median Sales Price
February
3
$706,500
$227,000
2019 YTD
4 (-20.0%)
$996,500 (-13.6%)
$290,000 (+28.9%)
Hailey Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
February
2
$424,500
$212,250
2019 YTD
5 (+25.0%)
$961,500 (-13.2%)
$164,000 (+5.8%)
MICRO-MARKET INSIGHT: There are 44 homes on the market right now in Hailey, and 9 of these are pending. Once the snow melts, buyers are going to be hungry for more inventory in Hailey.
BELLEVUE THROUGH FEB 2019 Entire Bellevue Market YTD Sales
Sold Volume
Median Sales Price
February
3
$1.4M
$420,000
2019 YTD
4 (-20.0%)
$1.8M (+23.7%)
$452,000 (+45.8%)
Bellevue Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
February
1
$452,000
$452,000
2019 YTD
2 (-33.3%)
$872,00 (-10.3%)
$452,000 (+45.8%)
Bellevue Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
February
1
$115,000
$115,000
2019 YTD
1 (0.0%)
$115,000 (+58.6%)
$115,000 (+58.6%)
MICRO-MARKET INSIGHT: While sales haven’t taken off yet in Bellevue, we can all agree that the holiday lights have been amazing this year in town, offering some relief from all the snow!
SOUTH OF BELLEVUE THROUGH FEB 2019 Entire South of Bellevue Market YTD Sales
Sold Volume
Median Sales Price
February
0
$0
$0
2019 YTD
2 (-71.4%)
$320,00 (-52.1%)
$200,000 (+257.8%)
South of Bellevue Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
February
0
$0
$0
2019 YTD
0 (0.0%)
$0 (0.0%)
$0 (0.0%)
South of Bellevue Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
February
0
$0
$0
2019 YTD
2 (-66.7%)
$320,000 (-35.8%)
$200,000 (+257.8%)
MICRO-MARKET INSIGHT: Not much to talk about from a sales standpoint yet. Buyers looking for great deals should head to Magic Reservoir, where there are 7 homes currently for sale.
STANLEY & BEYOND THROUGH FEB 2019 Entire Stanley & Beyond Market YTD Sales
Sold Volume
Median Sales Price
February
0
$0
$0
2019 YTD
3 (-57.1%)
$165,000 (-95.2%)
$50,000 (-84.3%)
Stanley & Beyond Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
February
0
$0
$0
2019 YTD
0 (-100.0%)
$0 (-100.0%)
$0 (-100.0%)
Stanley & Beyond Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
February
0
$0
$0
2019 YTD
2 (0.0%)
$110,000 (-28.1%)
$55,000 (-49.1%)
MICRO-MARKET INSIGHT: Not surprisingly, our record winter is making it difficult for much to happen north of Galena Summit. 3 homes are currently listed, but there will be a lot coming on in the late spring and early summer, guaranteed.
SUN VALLEY REAL ESTATE ACTIVITY 2012 to 2018
$627M
$660M
$435M
$423M
$404M
$363M
958 SALES
$303M
Sales Sold Volume
749 SALES
728 SALES
2012
2013
693 SALES
2014
758 SALES
2015
784 SALES
2016
2017
COLDWELL BANKER DISTINCTIVE PROPERTIES 100 S Leadville Ave, Ketchum, Idaho 83340 www.coldwellbankersunvalley.com 208.622.3400 All figures taken from the Sun Valley Board of Realtors, Mar 1, 2019. Information is deemed to be reliable, but is not guaranteed.
1027 SALES
2018