SUN VALLEY
REAL ESTATE MARKET REPORT NOVEMBER 2018
Prepared by Coldwell Banker Distinctive Properties | Sun Valley
SUN VALLEY MLS THROUGH NOVEMBER 2018 Entire Market YTD Sales
Sold Volume
Median Sales Price
November
65 (-5.8%)
$54,008,147 (43.5%)
$375,000 (21.0%)
2018 YTD
964 (6.1%)
$626,424,241 (5.5%)
$368,000 (7.3%)
Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
November
29 (0%)
$36,781,647 (117.1%)
$475,000 (26.8%)
2018 YTD
411 (7.9%)
$357,310,211 (10.0%)
$475,000 (3.8%)
Condo/Townhome Sales YTD Sales
Sold Volume
Median Sales Price
November
21 (5.0%)
$9,619,500 (-13.3%)
$326,000 (17%)
2018 YTD
303 (4.5%)
$166,658,452 (2.5%)
$370,000 (8.8%)
Sales
Sold Volume
Median Sales Price
November
10 (-9.1%)
$3,419,500 (-20.9%)
$109,500 (9.5%)
2018 YTD
137 (-5.5%)
$43,645,870 (-5.8%)
$124,000 (-9.5%)
Sales
Sold Volume
Median Sales Price
November
1 (-80.0%)
$2,362,500 (-51.7%)
$2,362,500 (127.3%)
2018 YTD
33 (-28.3%)
$23,186,400 (-20.9%)
$440,000 (28.5%)
Vacant Land Sales YTD
Commercial Sales YTD
Luxury Residential Sales ($1M+ Sale Price) YTD Sales
Sold Volume
Median Sales Price
November
14 (180.0%)
$33,917,500 (171.6%)
$2,037,500 (-9.4%)
2018 YTD
141 (23.7%)
$282,272,675 (23.7%)
$1,610,000 (-8.0%)
NORTH OF KETCHUM THROUGH NOV 2018 Entire North of Ketchum Market YTD Sales
Sold Volume
Median Sales Price
November
1
$2,350,000
$2,350,000
2018 YTD
30 (76.5%)
$42,103,467 (35.8%)
$1,050,000 (-16.8%)
North of Ketchum Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
November
1
$2,350,000
$2,350,000
2018 YTD
24 (118.2%)
$33,778,467 (80.1%)
$1,000,000 (-20.8%)
North of Ketchum Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
November
0
$0
$-
2018 YTD
5 (-16.7%)
$6,550,000 (-46.6%)
$1,392,000 (-48.4%)
MICRO-MARKET INSIGHT: North of Ketchum has been very active, compared to 2017. Home sales have doubled over 2017, with a huge increase in sold volume, too.
KETCHUM THROUGH NOV 2018 Entire Ketchum Market YTD Sales
Sold Volume
Median Sales Price
November
8
$13,269,000
$568,000
2018 YTD
165 (-1.2%)
$155,749,730 (-14.2%)
$565,000 (-8.1%)
Ketchum Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
November
2
$8,900,000
$4,450,000
2018 YTD
20 (-33.3%)
$40,339,000 (-42.4%)
$1,475,000 (5.4%)
Ketchum Condo/Townhome Sales YTD Sales
Sold Volume
Median Sales Price
November
3
$1,311,500
$290,000
2018 YTD
95 (-2.1%)
$77,136,353 (-9.7%)
$587,503 (4.2%)
Ketchum Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
November
0
$0
$-
2018 YTD
5 (-28.6%)
$12,667,500 (168.3%)
$2,600,000 (366.8%)
MICRO-MARKET INSIGHT: Why are Ketchum’s numbers so far behind 2017? A big part of the decrease is that almost all the Limelights sold in 2017—a huge part of that year’s production.
WARM SPRINGS THROUGH NOV 2018 Entire Warm Springs Market YTD Sales
Sold Volume
Median Sales Price
November
4
$7,745,000
$1,895,000
2018 YTD
70 (6.1%)
$63,502,399 (36.5%)
$475,000 (-20.8%)
Warm Springs Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
November
3
$7,305,000
$1,777,500
2018 YTD
26 (8.3%)
$43,948,000 (82.5%)
$1,500,000 (88.7%)
Warm Springs Condo/Townhome Sales YTD Sales
Sold Volume
Median Sales Price
November
1
$440,000
$440,000
2018 YTD
36 (-5.3%)
$17,261,499 (-15.8%)
$385,000 (-6.0%)
Warm Springs Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
November
0
$0
$-
2018 YTD
4 (33.3%)
$1,819,000 (85.9%)
$481,000 (31.6%)
MICRO-MARKET INSIGHT: Home sales in Warms Springs are way up over 2017, including some modern newer construction that is adding some style to Warm Springs.
SUN VALLEY THROUGH NOV 2018 Entire Sun Valley Market YTD Sales
Sold Volume
Median Sales Price
November
6
$7,480,000
$1,135,000
2018 YTD
60 (5.3%)
$70,086,875 (13.2%)
$630,000 (-10.0%)
Sun Valley Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
November
1
$1,640,000
$1,640,000
2018 YTD
13 (-31.6%)
$33,684,000 (-10.0%)
$1,640,000 (-12.5%)
Sun Valley Condo/Townhome Sales YTD Sales
Sold Volume
Median Sales Price
November
4
$3,390,000
$535,000
2018 YTD
40 (29.0%)
$25,242,875 (65.7%)
$500,000 (17.6%)
Sun Valley Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
November
1
$2,450,000
$2,450,000
2018 YTD
5 (-16.7%)
$6,615,000 (0.4%)
$1,150,000 (15.0%)
MICRO-MARKET INSIGHT: Sun Valley’s condos and townhomes have been very active all year, showing one of the biggest increases over 2017 in any micro-market.
ELKHORN THROUGH NOV 2018 Entire Elkhorn Market YTD Sales
Sold Volume
Median Sales Price
November
6
$6,071,500
$815,000
2018 YTD
99 (6.5%)
$32,917,926 (6.5%)
$399,000 (-4.3%)
Elkhorn Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
November
2
$3,787,500
$1,893,750
2018 YTD
20 (11.1%)
$28,328,000 (6.3%)
$1,285,000 (-3.2%)
Elkhorn Condo/Townhome Sales YTD Sales
Sold Volume
Median Sales Price
November
4
$2,284,000
$517,500
2018 YTD
77 (14.9%)
$34,274,925 (20.0%)
$325,000 (1.6%)
Elkhorn Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
November
0
$0
$-
2018 YTD
1 (-66.7%)
$315,000 (-85.1%)
$315,000 (-50.0%)
MICRO-MARKET INSIGHT: Through August, Elkhorn had been the hottest micro-market in the valley, but has slowed down considerably since then. There are still good deals to be found, though!
SOUTH OF KETCHUM THROUGH NOV 2018 Entire South of Ketchum Market YTD Sales
Sold Volume
Median Sales Price
November
6
$7,905,000
$1,257,500
2018 YTD
64 (-4.5%)
$69,929,000 (-2.6%)
$825,000 (13.8%)
South of Ketchum Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
November
5
$7,715,000
$1,450,000
2018 YTD
49 (11.4%)
$65,589,500 (3.2%)
$1,100,000 (17.3%)
South of Ketchum Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
November
1
$190,000
$190,000
2018 YTD
13 (-43.5%)
$4,016,500 (-51.2%)
$220,000 (-27.9%)
MICRO-MARKET INSIGHT: South of Ketchum is enjoying another solid year in 2018, with several estate and riverfront homes changing hands over the summer and fall.
HAILEY THROUGH NOV 2018 Entire Hailey Market YTD Sales
Sold Volume
Median Sales Price
November
22
$6,679,100
$283,500
2018 YTD
278 (3.7%)
$96,599,595 (14.0%)
$315,000 (16.7%)
Hailey Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
November
9
$3,548,600
$347,600
2018 YTD
158 (17.0%)
$72,557,405 (26.4%)
$390,000 (8.3%)
Hailey Condo/Townhome Sales YTD Sales
Sold Volume
Median Sales Price
November
9
$2,194,000
$245,000
2018 YTD
53 (-3.6%)
$12,267,800 (-2.7%)
$225,000 (2.5%)
Hailey Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
November
3
$501,500
$166,500
2018 YTD
32 (-22.0%)
$5,306,860 (-18.9%)
$130,000 (-3.7%)
MICRO-MARKET INSIGHT: People who think the Resort Core is the hub of the valley’s real estate activity are incorrect; Hailey will finish the year with over 300 transactions.
BELLEVUE THROUGH NOV 2018 Entire Bellevue Market YTD Sales
Sold Volume
Median Sales Price
November
6
$1,530,500
$256,250
2018 YTD
60 (7.1%)
$19,098,170 (17.5%)
$295,000 (5.7%)
Bellevue Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
November
4
$1,295,500
$331,250
2018 YTD
40 (-2.4%)
$15,323,170 (10.8%)
$307,500 (-3.3%)
Bellevue Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
November
1
$85,000
$85,000
2018 YTD
12 (9.1%)
$1,340,000 (-3.2%)
$110,000 (-15.4%)
MICRO-MARKET INSIGHT: The amount of home sales over the last two years (85 total) shows that people are seeing the value in living in the South Valley.
SOUTH OF BELLEVUE THROUGH NOV 2018 Entire South of Bellevue Market YTD Sales
Sold Volume
Median Sales Price
November
2
$184,047
$92,023
2018 YTD
31 (3.3%)
$9,958,369 (-49.3%)
$145,000 (3.6%)
South of Bellevue Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
November
1
$85,047
$85,047
2018 YTD
14 (-6.7%)
$5,851,469 (21.5%)
$216.422 (5.6%)
South of Bellevue Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
November
1
$99,000
$99,000
2018 YTD
13 (0.0%)
$1,326,900 (34.6%)
$100,000 (33.3%)
MICRO-MARKET INSIGHT: While some think Picabo and Carey are just too far south, smart buyers continue to find excellent values—just look at that median sales price!
STANLEY & BEYOND THROUGH NOV 2018 Entire Stanley & Beyond Market YTD Sales
Sold Volume
Median Sales Price
November
1
$30,000
$30,000
2018 YTD
44 (15.8%)
$16,029,030 (140.2%)
$270,000 (141.1%)
Stanley & Beyond Residential Home Sales YTD Sales
Sold Volume
Median Sales Price
November
0
$0
$-
2018 YTD
21 (16.7%)
$11,446,150 (159.6%)
$425,000 (240.0%)
Stanley & Beyond Vacant Land Sales YTD Sales
Sold Volume
Median Sales Price
November
1
$30,000
$30,000
2018 YTD
19 (11.8%)
$2,297,880 (65.4%)
$108,000 (99.7%)
MICRO-MARKET INSIGHT: This area has posted the largest gains of any market from 2017 to 2018. It’s a much smaller sample size, but more and more people are finding gems in the Basin.
SUN VALLEY REAL ESTATE ACTIVITY 2012 to 2018
$627M
$646M
$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.
964 SALES
2018 YTD