Sun Valley Real Estate Market Report November 2018

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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


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