Sun Valley 2020 Mid-Year Market Review

25 SHEEP MEADOW LANE | KETCHUM, ID | 8 BEDROOM | 11 BATHROOM | 14,262 SQFT | LISTED AT $20 MIL | JONES • GROVER TEAM KKetchum

Ketchum Single Family Home

Three months ago it was uncertain whether homebuyers would show up this summer, but by mid-June it was evident that the Wood River Valley was the place to be! Despite being shut down for a couple of months, our market bounced back and then some. One of our best indicators of a strong market, ‘Days on Market Until Sold’, reflects over 17% fewer ‘days on market’ in the past 12 months than the preceding 12 months. Surprisingly, Pending Listings are down over 14%, which could point to either COVID-19 affecting new contracts or the result of low inventory. In any event, Seller’s are taking advantage, with the Median List Price up almost 10%, and the Median Sold Price up almost 4%.