SUN VALLEY
REAL ESTATE MARKET REPORT JANUARY 2019
Prepared by Coldwell Banker Distinctive Properties | Sun Valley
SUN VALLEY MLS THROUGH JANUARY 2019 Entire Market YTD Sales
Sold Volume
Median Sales Price
January
55 (1.9%)
$33.3M (-4.1%)
$325,000 (-16.5%)
2019 YTD
55 (1.9%)
$33.3M (-4.1%)
$325,000 (-16.5%)
Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
January
36
$25.6
$420,000
2019 YTD
36 (2.9%)
$25.6 (-1.1%)
$420,000 (-3.4%)
Condo/Townhome Sales YTD Sales
Sold Volume
Median Sales Price
January
19
$10.2M
$340,000
2019 YTD
19 (0%)
$10.2M (-4.8%)
$340,000 (-20%)
Sales
Sold Volume
Median Sales Price
January
11
$3.4M
$200,000
2019 YTD
11 (0%)
$3.4M (-56.3%)
$200,000 (29.0%)
Sales
Sold Volume
Median Sales Price
January
2
$1.9M
$1,050,000
2019 YTD
2 (0%)
$1.9M (282.2%)
$1,050,000 (200%)
Vacant Land Sales YTD
Commercial Sales YTD
Luxury Residential Sales ($1M+ Sale Price) YTD Sales
Sold Volume
Median Sales Price
January
7
$14.1M
$1,965,000
2019 YTD
7 (-36.4%)
$14.1M (-17.4%)
$1,965,000 (63.7%)
NORTH OF KETCHUM THROUGH JAN 2019 Entire North of Ketchum Market YTD Sales
Sold Volume
Median Sales Price
January
2
$2.86M
$2.2M
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
January
1
$2.2M
$2.2M
2019 YTD
1 (0%)
$2.2M (1748.7%)
$2.2M (1748.7%)
North of Ketchum Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
January
1
$660,000
$660,000
2019 YTD
1 (-50%)
$660,000 (-77.4%)
$660,000 (-73.1%)
MICRO-MARKET INSIGHT: A slow start is nothing new North of Ketchum. January is one of the least active months of the whole year—activity will certainly increase as we move into spring.
KETCHUM THROUGH JAN 2019 Entire Ketchum Market YTD Sales
Sold Volume
Median Sales Price
January
11
$8.7M
$625,000
2019 YTD
11 (0%)
$8.7M (8.3%)
$625,000 (-3.8%)
Ketchum Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
January
2
$4.7M
$2.3M
2019 YTD
2 (100.0%)
$4.7M (620.4%)
$2.3M (260.2%)
Ketchum Condo/Townhome Sales YTD Sales
Sold Volume
Median Sales Price
January
5
$3.0M
$625,000
2019 YTD
5 (-28.6%)
$3.0M (-39.4%)
$625,000 (-8.8%)
Ketchum Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
January
0
$0
$0
2019 YTD
0 (-100.0%)
$0 (-100.0%)
$0 (-100.0%)
MICRO-MARKET INSIGHT: Ketchum had a sub-par 2018 (after an amazing 2017). If the Ketchum market can keep pace with 2018’s numbers early, it’s likely 2019 will heat up by summer.
WARM SPRINGS THROUGH JAN 2019 Entire Warm Springs Market YTD Sales
Sold Volume
Median Sales Price
January
2
$2.9M
$1.4M
2019 YTD
2 (-66.7%)
$2.9M (-52.1%)
$1.4M (143.9%)
Warm Springs Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
January
1
$2.6M
$2.6M
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
January
1
$290,000
$290,000
2019 YTD
1 (-66.7%)
$290,000 (-68.0%)
$290,000 (7.4%)
Warm Springs Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
January
0
$0
$0
2019 YTD
0 (0%)
$0 (0%)
$0 (0%)
MICRO-MARKET INSIGHT: Starting the year with a big home sale in Warm Springs is a great sign for 2019.
SUN VALLEY VILLAGE THROUGH JAN 2019 Entire Sun Valley Village Market YTD Sales
Sold Volume
Median Sales Price
January
5
$4.2M
$487,000
2019 YTD
5 (66.7%)
$4.2M (18.0%)
$487,000 (-67.5%)
Sun Valley Village Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
January
1
$1.2M
$1.2M
2019 YTD
1 (100.0%)
$1.2M (100.0%)
$1.2M (100.0%)
Sun Valley Village Condo/Townhome Sales YTD Sales
Sold Volume
Median Sales Price
January
2
$2.4M
$1.2M
2019 YTD
2 (0%)
$2.4M (18.2%)
$1.2M (18.3%)
Sun Valley Village Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
January
1
$487,000
$487,000
2019 YTD
1 (0%)
$487,000 (-67.6%)
$487,000 (-67.5%)
MICRO-MARKET INSIGHT: While it’s still early, two big Condo/Townhome sales in Sun Valley have given the market a huge head start, priming the pump for 2019.
ELKHORN THROUGH JAN 2019 Entire Elkhorn Market YTD Sales
Sold Volume
Median Sales Price
January
11
$4.1M
$306,000
2019 YTD
11 (57.1%)
$4.1M (-21.3%)
$306,000 (3.4%)
Elkhorn Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
January
1
$825,000
$825,000
2019 YTD
1 (0%)
$825,000 (-70.3%)
$825,000 (-70.3%)
Elkhorn Condo/Townhome Sales YTD Sales
Sold Volume
Median Sales Price
January
9
$3.0M
$290,000
2019 YTD
9 (80.0%)
$3.0M (21.0%)
$290,000 (-2.0%)
Elkhorn Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
January
0
$0
$0
2019 YTD
0 (0%)
$0 (0%)
$0 (0%)
MICRO-MARKET INSIGHT: Elkhorn was the hottest market in the whole valley the first half of 2018, and it’s starting the same in 2019! 11 of the valley’s 55 sales have been in Elkhorn.
SOUTH OF KETCHUM THROUGH JAN 2019 Entire South of Ketchum Market YTD Sales
Sold Volume
Median Sales Price
January
3
$2.1M
$900,000
2019 YTD
3 (50.0%)
$2.1M (144.0%)
$900,000 (105.7%)
South of Ketchum Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
January
1
$900,000
$900,000
2019 YTD
1 (0%)
$900,000 (26.7%)
$900,000 (26.7%)
South of Ketchum Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
January
2
$1.2M
$617,500
2019 YTD
2 (100.0%)
$1.2M (648.4%)
$617,500 (274.2%)
MICRO-MARKET INSIGHT: Like North of Ketchum, this is a micro-market that starts slowly. So actually, 3 sales and $2.1M in sold volume is a very promising start to 2019.
HAILEY THROUGH JAN 2019 Entire Hailey Market YTD Sales
Sold Volume
Median Sales Price
January
11
$3.0M
$269,000
2019 YTD
11 (0.0%)
$3.0M (-20.0%)
$269,000 (13.3%)
Hailey Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
January
6
$2.2M
$363,750
2019 YTD
6 (20.0%)
$2.2M (-8.0%)
$363,750 (-6.5%)
Hailey Condo/Townhome Sales YTD Sales
Sold Volume
Median Sales Price
January
1
$290,000
$290,000
2019 YTD
1 (-50.0%)
$290,000 (-21.7%)
$290,000 (56.8%)
Hailey Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
January
3
$537,000
$164,000
2019 YTD
3 (50.0%)
$537,000 (82.6%)
$164,000 (11.6%)
MICRO-MARKET INSIGHT: Hailey’s 11 sales equals the mark from Jan 2018. But the sold volume is down 20%; it will take a couple of higher-end sales to get that mark to even out in February.
BELLEVUE THROUGH JAN 2019 Entire Bellevue Market YTD Sales
Sold Volume
Median Sales Price
January
1
$420,000
$420,000
2019 YTD
1 (100.0%)
$420,000 (100.0%)
$420,000 (100.0%)
Bellevue Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
January
1
$420,000
$420,000
2019 YTD
1 (100.0%)
$420,00 (100.0%)
$420,000 (100.0%)
Bellevue Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
January
0
$0
$0
2019 YTD
0 (0%)
$0 (0%)
$0 (0%)
MICRO-MARKET INSIGHT: Bellevue had its best year ever in 2018, and it will be hard-pressed to keep pace with 2018’s activity. The slow start to this year is actually ahead of last year, though!
SOUTH OF BELLEVUE THROUGH JAN 2019 Entire South of Bellevue Market YTD Sales
Sold Volume
Median Sales Price
January
2
$320,000
$160,000
2019 YTD
2 (100.0%)
$320,00 (88.2%)
$160,000 (-5.9%)
South of Bellevue Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
January
0
$0
$0
2019 YTD
0 (0%)
$0 (0%)
$0 (0%)
South of Bellevue Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
January
2
$320,000
$160,000
2019 YTD
2 (100.0%)
$320,000 (100.0%)
$160,000 (100.0%)
MICRO-MARKET INSIGHT: The smart money is on more and more activity in the South of Bellevue market (Picabo and Carey, mainly), as people are becoming more comfortable with the commute.
STANLEY & BEYOND THROUGH JAN 2019 Entire Stanley & Beyond Market YTD Sales
Sold Volume
Median Sales Price
January
1
$55,000
$55,000
2019 YTD
1 (-80.0%)
$55,000 (-97.8%)
$550,000 (-84.3%)
Stanley & Beyond Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
January
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
January
1
$55,000
$55,000
2019 YTD
1 (0%)
$55,000 (-49.1%)
$55,000 (-49.1%)
MICRO-MARKET INSIGHT: Stanley was very busy, relatively speaking, in 2018. If only a couple of big ranches sell (and there are some under contract), Stanley’s numbers skyrocket!
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, Dec 1, 2018. Information is deemed to be reliable, but is not guaranteed.
1027 SALES
2018