SUN VALLEY
Real Estate Market Report
April 2023
SUN VALLEY MLS THROUGH APRIL 2023
Entire Market All Properties in Blaine & Custer Counties
* % Change figures are compared to April 2022
** % Change figures are compared to the same point in 2022
Residential Homes in Entire Market Condos/Townhomes/Duplexes in Entire Market Sales Sold $ Volume New Listings Median List Price April 31 ( -60%)* $35M ( -52%) 52 ( -39%) $ 899,000 (+13%) 2023 YTD 146 ( -50%)** $201M ( -43%) 245 ( -28%) $795,000 ( -7%)
Sales Sold $ Volume New Listings Median List Price April 8 ( -58 %) $13M ( -38%) 16 ( -33%) $ 880,000 ( -18%) 2023 YTD 51 ( -41%) $104M ( -27%) 76 ( -25%) $ 962,000 ( -19%) Sales Sold $ Volume New Listings Median List Price April 18 ( -25%) $19M ( -28%) 8 ( -71%) $581,000 ( -40%) 2023 YTD 66 ( -28%) $76M ( -28%) 78 ( -26%) $ 812,000 ( -7%)
SUN VALLEY MLS THROUGH APRIL 2023
Vacant Land in Entire Market
Commercial (Does not include commercial leases)
Luxury Residential ($3M+ List Price Homes, Condos & TH) Sales Sold $ Volume New Listings Median List Price April 4 (80 -%) $983,000 ( -91%) 19 ( -5%) $500,000 ( -3%) 2023 YTD 17 ( -75%) $5.7M ( -86%) 55 ( -38%) $ 529,000 (+21%) Sales Sold $ Volume New Listings Median List Price April 0 ( -100%) $0 ( -100%) 3 ( -25%) $349,000 ( -38%) 2023 YTD 4 ( -80%) $2.7M ( -86%) 22 (+38 %) $873,000 ( -9%) Sales Sold $ Volume New Listings Median List Price April 2 (+100%) $8M (+124%) 5 (0%) $ 4.3M (+12%) 2023 YTD 16 (+23%) $73M ( -15%) 23 ( -53%) $ 4.3M ( -19%)
RESORT CORE MARKETS THROUGH APRIL 2023
Ketchum Market (includes all property types)
Warm Springs Market
Sun Valley Village Market
Elkhorn Market
Sales Sold $ Volume New Listings Median List Price April 4 (-60%) $2.9M (-80%) 3 (-81%) $150,000 (-86%) 2023 YTD 18 (-63%) $16M (-84%) 36 (-25%) $945,000 (-14%) Sales Sold $ Volume New Listings Median List Price April 2 (-71%) $1.2M (-85%) 1 (-80%) $4.3M (+330%) 2023 YTD 15 (-17%) $32M (+70%) 16 (-11%) $1.5M (-13%) Sales Sold $ Volume New Listings Median List Price April 4 (+300%) $8.7M (+529%) 1 (-81%) $4.5M (+403%) 2023 YTD 10 (-17%) $22M (-25%) 10 (-62%) $2.1M (-14%) Sales Sold $ Volume New Listings Median List Price April 4 (-60%) $7M (-53%) 3 (-50%) $3.6M (+93%) 2023 YTD 23 (-30%) $39M (-13%) 25 (-46%) $950,000 (-24%)
OTHER LOCAL MARKETS THROUGH APRIL 2023
North of Ketchum Market (includes all property types)
South of Ketchum Market
Hailey Market
Bellevue & Beyond Market (includes Carey, Magic, Gannett, Picabo)
Sales Sold $ Volume New Listings Median List Price April 0 ( -100%) $0 ( -100%) 0 (0 %) $0 (0 %) 2023 YTD 2 ( -50%) $11M ( -58%) 1 ( -50%) $3.5M ( -33%) Sales Sold $ Volume New Listings Median List Price April 3 (0%) $5.5M (+29%) 9 (+27%) $935,000 (+39%) 2023 YTD 14 ( -33%) $24M ( -27%) 3 1 (+3%) $1.6M ( -10%)
Sales Sold $ Volume New Listings Median List Price April 11 ( -65%) $9M ( -54%) 13 ( -54%) $424,000 ( -14%) 2023 YTD 43 ( -54%) $35M ( -45%) 74 ( -21%) $ 622,000 (+8%) Sales Sold $ Volume New Listings Median List Price April 2 ( -86%) $633,00 (-93%) 12 (+9%) $617,000 (+56%) 2023 YTD 16 ( -64%) $11M (-56%) 30 (-40%) $647,000 (+23%) Sales Sold $ Volume New Listings Median List Price April 0 (0 %) $0 (0 %) 5 (0 %) $699,000 (+39%) 2023 YTD 2 ( -60%) $4.3M (+72%) 8 (+14%) $699,000 ( -28%)
Custer County (Stanley, Challis, Mackay, Sawtooth City)
AVAILABLE INVENTORY AS OF MAY 1 (Properties Not Under Contract)
* Numbers and totals do not account for duplicate listings shared by multiple agents or listings that are outside our area but represented in our MLS (listings in Twin Falls, Buhl, Gooding, and beyond); assume a 5% margin of error for the totals.
Area Market Homes Condos/TH/Etc Vacant Land North of Ketchum 4 N/A 0 Avg List Price $4.07M N/A $0 Ketchum/Warm Springs 12 25 2 Avg List Price $ 9.59M $3.04M $ 2.73M Sun Valley/Elkhorn 6 14 4 Avg List Price $ 4.47M $797,000 $ 1.35M South of Ketchum 11 N/A 31 Avg List Price $5.37M N/A $ 1.17M Hailey 10 16 16 Avg List Price $ 1.78M $ 602,000 $842,000 Bellevue & South 15 N/A 22 Avg List Price $1.13M N/A $771,000 Custer County 2 N/A 7 Avg List Price $3.36M N/A $ 1.54M TOTALS* 65 56 120 Avg List Price $3.9M $1.79M $964,000
SELECTED LISTINGS FROM OUR INVENTORY
151 N Main St, Ketchum $6,700,000
190 Valleywood, Ketchum $545,000
106 Blue Grouse, Elkhorn $4,950,000
119 Picabo St, Warm Springs $285,000
460 N Main St, Ketchum Starting at $5,950,000
View All Sun Valley Area Properties
108 River Run, Warm Springs $3,500,000
18 Streamside, Valley Club $695,000
116 Deer Valley, North of Hailey $445,000
780 N 4th Ave, Ketchum (2 units) $5,495,000 & $5,295,000
118 Wall St, Gimlet $7,950,000
12 Chateau Circle, Elkhorn $2,450,000
© 2023 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc ®. Equal Housing Opportunity. Information is deemed to be reliable but is not guaranteed. All figures sourced from the Sun Valley MLS May 1, 2023.
MAY CALENDAR OF SUN VALLEY EVENTS 208.726.3411 info@bhhssunvalley.com www.bhhssunvalley.com 1 Reverend Horton Heat (music) | The Argyros (K) 2 VisitSunValley Semi -Annual Meeting | Limelight (K) 4 Vermeer: The Greatest Exhibition (film) | CommLib (K) 5 -7 Snow Queen (play) | CommCampus (H) 6 Stella’s Kentucky Derby Party | Barrio75 (K) 6 F3T Fly Fishing Film | SV Opera House (SV) 10 SV Culinary Inst. Open House | Culinary Inst. (K) 10 Idaho Bus. Summit 2023 | Orpheum Th.(Twin Falls) 18 Bike to School/ Work Day | Valley -wide 27 Redfish Lake Lodge Mem. Run | Redfish Lodge 29 Hailey Memorial Day Ceremony | Hailey Cemetery (H) FOR A BETTER REAL ESTATE EXPERIENCE.