SUN VALLEY April 2022 Real Estate Market Report
SUN VALLEY MLS THROUGH APRIL 2022 Entire Market—All Properties in Blaine & Custer Counties Sales
Sold $ Volume
New Listings
Median List Price
April
78 (-45%)*
$74M (-35%)
80 (-29%)
$895K (+77%)
2022 YTD
291 (-34%)**
$352M (-11%)
328 (-22%)
$825K (+12%)
* % Change figures are compared to April 2021 ** % Change figures are compared to the same point in 2021
Residential Homes Sales
Sold $ Volume
New Listings
Median List Price
April
19 (-42%)
$20M (-62%)
24 (-35%)
$1.1M (+54%)
2022 YTD
89 (-14%)
$146M (-17%)
99 (-28%)
$825K (-17%)
Condos/Townhomes/Duplexes Sales
Sold $ Volume
New Listings
Median List Price
April
24 (-17%)
$26M (+13%)
27 (-23%)
$995K (+105%)
2022 YTD
88 (-11%)
$103M (+9%)
104 (-10%)
$1.1M (+61%)
SUN VALLEY MLS THROUGH APRIL 2022 Vacant Land Sales
Sold $ Volume
New Listings
Median List Price
April
20 (-69%)
$10.5M (-35%)
18 (-38%)
$647K (+124%)
2022 YTD
67 (-66%)
$40M (-42%)
84 (-31%)
$442K (+12%)
Commercial (Does not include commercial leases) Sales
Sold $ Volume
New Listings
Median List Price
April
6 (-14%)
$8.3M (+110%)
4 (0%)
$568K (-48%)
2022 YTD
20 (+33%)
$20M (+93%)
16 (-27%)
$995K (0%)
Luxury Residential ($2.5M+ Sale/List Price Homes, Condos & TH) Sales
Sold $ Volume
New Listings
Median List Price
April
1 (-83%)
$3.6M (-86%)
5 (0%)
$3.9M (-14%)
2022 YTD
17 (-32%)
$97M (-76%)
49 (+29%)
$5.8M (+44%)
TWO THINGS TO KNOW ABOUT THE SUN VALLEY MARKET RIGHT NOW • Historically, the busiest months for new listings coming onto the market are May, June, and July. It is everyone’s hope that 2022 holds true to historical averages, and that inventory levels rise to satisfy the needs of buyers in Sun Valley. • Median (and average) list prices are well up in most markets and for most property types. This is a nation-wide trend, and most experts predict that this will continue through the summer. Experts also suggest that these record-high list prices are not part of a bubble, since the values are not being manipulated by risky mortgages (as was the case in the late 2000s).
RESORT CORE MARKETS THROUGH APRIL 2022 Ketchum Market (includes all property types) Sales
Sold $ Volume
New Listings
Median List Price
April
10 (-44%)
$14.3M (-47%)
15 (+25%)
$1.1M (+58%)
2022 YTD
45 (-25%)
$97M (-9%)
43 (-2%)
$1.2M (-6%)
Sales
Sold $ Volume
New Listings
Median List Price
April
7 (+75%)
$8.1M (+261%)
5 (-44%)
$995K (+134%)
2022 YTD
18 (-22%)
$18.8M (-12%)
16 (-43%)
$1M (+7%)
Warm Springs Market
Sun Valley Village Market Sales
Sold $ Volume
New Listings
Median List Price
April
1 (-86%)
$1.4M (-81%)
3 (-40%)
$1.1M (-33%)
2022 YTD
12 (-54%)
$29M (-43%)
28 (+17%)
$5.9M (+293%)
Sales
Sold $ Volume
New Listings
Median List Price
April
10 (-23%)
$15M (+1%)
6 (-40%)
$1.8M (+98%)
2022 YTD
33 (-8%)
$45M (+31%)
44 (+10%)
$1.65M (+107%)
Elkhorn Market
RESORT CORE OBSERVATION •
Of all the areas in the valley, the Resort Core is most looking forward to the spring/summer listing season. While Ketchum saw a slight uptick in new listings vs April 2021, the other three Resort Core markets were all down significantly vs 2021.
OTHER MARKETS THROUGH APRIL 2022 North of Ketchum Market (includes all property types) Sales
Sold $ Volume
New Listings
Median List Price
April
1 (+100%)
$650K (+100%)
1 (+100%)
$16.9M (+100%)
2022 YTD
4 (0%)
$25M (-17%)
2 (-60%)
$8.8M (+309%)
South of Ketchum Market Sales
Sold $ Volume
New Listings
Median List Price
April
3 (-81%)
$4.3M (-79%)
6 (-14%)
$687K (-1%)
2022 YTD
21 (-61%)
$33M (-45%)
28 (-36%)
$1M (-29%)
Sales
Sold $ Volume
New Listings
Median List Price
April
29 (+26%)
$19M (+19%)
24 (-33%)
$532K (+26%)
2022 YTD
91 (-15%)
$64M (+35%)
88 (-25%)
$495K (-16%)
Hailey Market
Bellevue & Beyond Market (Carey, Magic, Gannett, Picabo) Sales
Sold $ Volume
New Listings
Median List Price
April
14 (-70%)
$9.5M (-32%)
10 (-44%)
$644K (+50%)
2022 YTD
43 (-55%)
$25M (-27%)
48 (-37%)
$450K (-9%)
Custer County (Stanley, Challis, Mackay, Sawtooth City) Sales
Sold $ Volume
New Listings
Median List Price
April
0 (-100%)
$0 (-100%)
5 (+150%)
$500K (+190%)
2022 YTD
5 (-44%)
$2.5M (-75%)
7 (+40%)
$975K (+105%)
MARKET OBSERVATIONS • North of Ketchum and South of Ketchum have been quiet thus far in 2022. Some of the valley’s largest and most expensive properties are in these two areas.
• Hailey continues to be just about the only market to pace ahead of 2021. While listings are down, sold dollar volume is well up.
Available Inventory as of May 1 (Not Under Contract) Number
Listing $ Volume
Median List Price
Residential Listings $2.5M and higher
50
$375M
$6.8M
Residential Listings $1M to $2.499M
15
$22M
$1.4M
Residential Listings $999,999 and below
26
$15M
$477,000
Vacant Land
84
$129M
$675,000
Highest Priced Sales in April (List Prices Shown) North of Ketchum Residential Sale.........$650,000 Vacant Land.............N/A Resort Core (Ketchum, Warm Springs, Sun Valley and Elkhorn) Residential Sale.........$3,600,000 Vacant Land Sale.....$2,495,000 South of Ketchum Residential Sale.........$1,775,000 Vacant Land Sale.....$925,000 South Valley (Hailey, Bellevue and Beyond) Residential Sale.........$2,195,000 Vacant Land Sale.....$750,000
Selected Listings from Our Brokerage’s Inventory
105 Camas, Gimlet $19,750,000
30 Lone Pine Rd, Valley Club $895,000
Buster Back Ranch, Sawtooths $11,995,000
265 S Golden Eagle $10,564,000
13404 Hwy 75, N of Ketchum $2,395,000
151 S Main St #409, Ketchum $6,700,000
View All Area Properties
201 Nez Perce, Indian Creek $675,000
460 N Main St, Ketchum Starting at $6,193,000
106 N Hiawatha, Hailey $1,100,000
1228 Villager, Sun Valley $1,075,000
231 Hillside, Warm Springs $1,250,000
MAY CALENDAR OF SUN VALLEY EVENTS 1 1 Thur’s 6 7 7 11 13 14 21 21 24 25 28
Cinderella | WRHS Theater (H) Sweeny Todd (final night!) | The Spot (K) SV Culinary Inst. Tours | SV Culinary (K) Boise Blues Society Music | Barrio 75 (K) WRV Daffodil Festival | Sawtooth Botanical Ctr ERC Spring Clean Up of the WRV | Valley-wide Ride to Work/School | Valley-wide Zlata Chochieva (piano) | The Argyros (K) Mushrooms in the Field | Howard Preserve (B) Ketchum Wide Open | Various WR Orchestra Spring Concert | WRSH Theater (H) Visit Sun Valley Community Meeting | ComLib (K) Craig Johnson (author) | ComLib (K) Redfish Lake Lodge Run | Redfish Lake
208.726.3411 | info@bhhssunvalley.com | www.bhhssunvalley.com Information is deemed to be reliable but is not guaranteed. All figures sourced from the Sun Valley MLS May 1, 2022.
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