SUN VALLEY REAL ESTATE MARKET REPORT AUGUST 2021
SUN VALLEY MLS THROUGH AUGUST 2021 Entire Market—All Properties in Blaine & Custer Counties Sales
Sold $ Volume
New Listings
Median List Price
August
116 (-29%)*
$130M (-33%)
150 (-35%)
$795,000 (+33%)
2021 YTD
899 (+44%)**
$853M (+49%)
1056 (-18%)
$700,000 (+22%)
Residential Homes
* % Change figures are compared to August 2020 ** % Change figures are compared to the same point in 2020.
Sales
Sold $ Volume
New Listings
Median List Price
August
38 (-38%)
$62M (-46%)
54 (-38%)
$979,000 (+12%)
2021 YTD
257 (+18%)
$403M (+36%)
364 (-18%)
$997,000 (+5%)
Sales
Sold $ Volume
New Listings
Median List Price
August
44 (-8%)
$46M (+25%)
47 (-20%)
$995,000 (+66%)
2021 YTD
239 (+31%)
$235M (+86%)
295 (-24%)
$650,000 (+19%)
Sales
Sold $ Volume
New Listings
Median List Price
August
25 (-47%)
$17M (-43%)
33 (-47%)
$310,000 (+35%)
2021 YTD
323 (+93%)
$127M (+51%)
279 (-15%)
$375,000 (+25%)
Condos/Townhomes
Vacant Land
Commercial (Does not include commercial leases) Sales
Sold $ Volume
New Listings
Median List Price
August
5 (+150%)
$2.3M (-37%)
11 (+22%)
$578,000 (-17%)
2021 YTD
33 (+50%)
$24M (+40%)
66 (+18%)
$1.1M (+104%)
Luxury Residential ($2.5M+ Sale/List Price Homes, Condos & TH) Sales
Sold $ Volume
New Listings
Median List Price
August
10 (-17%)
$42M (-44%)
17 (-6%)
$3.5M (-23%)
2021 YTD
62 (+63%)
$269M (+63%)
106 (-15%)
$3.8M (-2%)
AREA MICRO-MARKETS THROUGH AUGUST 2021 North of Ketchum Market Sales
Sold $ Volume
New Listings
Median List Price
August
2 (-60%)
$6.1M (-71%)
0 (-100%)
NA (-100%)
2021 YTD
14 (-46%)
$63M (+45%)
18 (-22%)
$1.7M (-17%)
Sales
Sold $ Volume
New Listings
Median List Price
August
22 (+10%)
$29M (-44%)
22 (-41%)
$1.3M (+59%)
2021 YTD
118 (+20%)
$178M (+19%)
126 (-42%)
$1.3M (+8%)
Sales
Sold $ Volume
New Listings
Median List Price
August
11 (-42%)
$17M (+18%)
15 (-12%)
$1.5M (+15%)
2021 YTD
59 (+9%)
$72M (+60%)
76 (-17%)
$950,000 (+17%)
Ketchum Market
Warm Springs Market
Sun Valley Village Market Sales
Sold $ Volume
New Listings
Median List Price
August
9 (-57%)
$14.2M (-63%)
11 (0%)
$1.5M (+103%)
2021 YTD
50 (-11%)
$89M (-1%)
74 (-9%)
$1.5M (+37%)
Sales
Sold $ Volume
New Listings
Median List Price
August
10 (-47%)
$10.2M (-32%)
14 (-39%)
$843,000 (+31%)
2021 YTD
84 (+29%)
$80M (+66%)
114 (-7%)
$799,000 (+27%)
Elkhorn Market
South of Ketchum Market Sales
Sold $ Volume
New Listings
Median List Price
August
12 (-43%)
$24M (+7%)
12 (-63%)
$1.7M (+71%)
2021 YTD
93 (+21%)
$132M (+65%)
101 (-47%)
$1.4M (+40%)
Hailey Market
Sales
Sold $ Volume
New Listings
Median List Price
August
34 (+6%)
$20M (+43%)
33 (-30%)
$625,000 (+49%)
2021 YTD
239 (+85%)
$126M (+121%)
264 (-11%)
$549,000 (+45%)
Bellevue & Beyond Market (Carey, Magic, Gannett, Picabo) Sales
Sold $ Volume
New Listings
Median List Price
August
11 (+10%)
$7.5M (-24%)
24 (-48%)
$573,000 (+104%)
2021 YTD
168 (+180%)
$65M (+168%)
172 (+9%)
$450,000 (+32%)
Custer County (Stanley, Challis, Mackay, Sawtooth City) Sales
Sold $ Volume
New Listings
Median List Price
August
1 (-80%)
$1.4M (-17%)
7 (+75%)
$175,000 (-90%)
2021 YTD
14 (-33%)
$12.7M (-7%)
32 (+39%)
$463,000 (+23%)
New Listings in August
Number
New List $ Volume
Median List Price
Residential Homes
54 (-38%)
$81M (-49%)
$979,000 (+12%)
Condos/Townhomes
47 (-20%)
$66M (+41%)
$995,000 (+66%)
Vacant Land
33 (-47%)
$18M (-47%)
$310,000 (+35%)
Listings Going Under Contract in August Number
Pending $ Volume
Median List Price
Residential Homes
41
$59M
$885,000
Condos/Townhomes
41
$46M
$740,000
Vacant Land
15
$6.4M
$289,000
Highest Residential Sale in August (List Price).........$7,750,000 Highest Vacant Land Sale in August (List Price).....$3,400,000 Information is deemed to be reliable but is not guaranteed. All figures sourced from the Sun Valley MLS September 1, 2021.
Figures of note in the August Market Report •
• •
• •
Why are there so many large percentage drops when comparing August 2021 to August 2020? August and September of 2020 were the two BIGGEST months of production in the history of real estate in Sun Valley, and there was no way that the market was going to see these same numbers this year. So the drops are not all that alarming, and certainly not surprising. August 2021 is still the biggest month we’ve had this year, with $130M in Closed Dollar Volume. A typical August (pre-pandemic) averages about $70M in Closed Dollar Volume. With 150 new listings coming onto the market (just about average for August), the inventory has crept back up to a level that allows buyers to be a bit more discriminating about their choices. For the most part, we are seeing a decrease in the frantic level of offers, and offers over list price, than what we were seeing in the spring and summer. The South Valley (Hailey and Bellevue) continues to be the most active market, relatively speaking. While North Valley numbers were down compared to August 2020, many of the numbers in Hailey and Bellevue were actually higher this August than last. Valley-wide, there are roughly 155 Residential properties available (not under contract) as of September 1, 2021.
Selected Listings from Our Brokerage’s Inventory
17 Quigley Dr, Hailey
1337 Creekside, Sun Valley
166 Aspen Lakes, N of Hailey
170 S Bigwood Dr, Ketchum
100 Lindsay Circle, Ketchum
221 & 225 Sutton, Gimlet
640 S 2nd Ave, Ketchum
265 Golden Eagle, S of Ketchum 16 Rodeo Dr, Hailey
© 2021 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.
SEPTEMBER CALENDAR OF SUN VALLEY EVENTS 1-5
Rebecca’s Private Idaho (biking) | Various
1 3
Sista Otis (music) | Whiskey Jacques (K) Gallery Art Walk | Various Galleries (K)
3
Cowboys: A Documentary Film | Argyros (K)
3-5 4
Wagon Days Festival | Various (K) Eilen Jewell (music) | Stanley
4
Randy Newman | Argyros (K)
4 9-11
Sun Valley on Ice | SV Ice Rink (SV) Hemingway Seminar | Community Library (K)
11
4th Annual Big Wood River Cleanup | Various
14 15
Cecilia Violetta Lopez (opera) | Argyros (K) Small Glories (music) | Argyros (K)
17-18
Oktoberfest! | Festival Meadows (K)
18 18
Senior Connection Games | Various Crater Crawl (run) | Craters of the Moon
19
Sun Valley Half Marathon | YMCA (K)
21 25
Larkin Poe (music) | Festival Meadows (K) 43rd Annual Baldy Hill Climb | Warm Springs
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