SUN VALLEY REAL ESTATE MARKET REPORT FEBRUARY 2022
SUN VALLEY MLS THROUGH FEBRUARY 2022 Entire Market—All Properties in Blaine & Custer Counties Sales
Sold $ Volume
New Listings
Median List Price
February
55 (-38%)*
$83M (+6%)
72 (-19%)
$875,000 (+38%)
2022 YTD
130 (-29%)**
$161M (-13%)
130 (-33%)
$875,000 (+18%)
Residential Homes
* % Change figures are compared to February 2021 ** % Change figures are compared to the same point in 2021
Sales
Sold $ Volume
New Listings
Median List Price
February
19 (+6%)
$32M (+37%)
19 (-32%)
$750,000 (-41%)
2022 YTD
41 (-18%)
$55M (-38%)
33 (-48%)
$780,000 (-21%)
Condos/Townhomes/Duplexes Sales
Sold $ Volume
New Listings
Median List Price
February
17 (-32%)
$23M (-16%)
26 (-7%)
$1.7M (+168%)
2022 YTD
41 (-11%)
$47M (-5%)
44 (-10%)
$1.28M (+87%)
SUN VALLEY MLS THROUGH FEBRUARY 2022 Vacant Land Sales
Sold $ Volume
New Listings
Median List Price
February
13 (-68%)
$10M (-36%)
21 (-13%)
$475,000 (+20%)
2022 YTD
27 (-63%)
$21M (-27%)
39 (-37%)
$439,000 (+11%)
Commercial (Does not include commercial leases) Sales
Sold $ Volume
New Listings
Median List Price
February
1 (-67%)
$1.3M (-60%)
3 (-50%)
$695,000 (-48%)
2022 YTD
10 (+100%)
$9.3M (+106%)
8 (-27%)
$1.58M (+59%)
Luxury Residential ($2.5M+ Sale/List Price Homes, Condos & TH) Sales
Sold $ Volume
New Listings
Median List Price
February
4 (-20%)
$18M (+6%)
8 (-39%)
$3.4M (+1%)
2022 YTD
7 (-42%)
$29M (-53%)
12 (-48%)
$3.5M (-14%)
ONE THING TO KNOW
• It should come as little surprise that after two months, 2022’s are already lagging quite a ways behind 2021’s record pace. The historically limited inventory will limit the amount of possible closings for at least the next couple of months.
ONE NUMBER THAT JUMPS OUT
• The 10 commercial sales thus far in 2022 is worth considering. With all the discussion about remote working and office space, to have that many commercial sales in two months is a good sign for the local economy.
Available Inventory as of March 1 (Not Under Contract) Number
Listing $ Volume
Median List Price
Residential Listings $2.5M and higher
38
$249M
$5.2M
Residential Listings $1M to $2.499M
17
$27M
$1.5M
Residential Listings $999,999 and below
23
$14M
$500,000
Vacant Land
90
$105M
$462,000
Pending Activity in February
(Compared to pending activity in February 2021) Number
Pending $ Volume
Median List Price
Residential Homes
30 (+36%)
$48M (+77%)
$743,000 (-18%)
Condos/Townhomes
19 (-30%)
$33M (+14%)
$1.65M (+120%)
Vacant Land
21 (-77%)
$35M (+67%)
$395,000 (+46%)
North of Ketchum Highest Residential Sale in February (List Price).........$1,550,000 Highest Vacant Land Sale in February (List Price).....N/A Resort Core (Ketchum, Warm Springs, Sun Valley and Elkhorn) Highest Residential Sale in February (List Price).........$6,990,000 Highest Vacant Land Sale in February (List Price).....$3,495,000 South of Ketchum Highest Residential Sale in February (List Price).........$3,375,000 Highest Vacant Land Sale in February (List Price).....$645,000 South Valley (Hailey, Bellevue and Beyond) Highest Residential Sale in February (List Price).........$1,825,000 Highest Vacant Land Sale in February (List Price).....$249,000
Selected Listings from Our Brokerage’s Inventory
1394 Dollar Meadow, Sun Valley 30 Lone Pine Rd, Valley Club $1,150,000 $895,000
Buster Back Ranch, Sawtooths $11,995,000
13404 Hwy 75, N of Ketchum $2,395,000
409 S Main St #4A, Ketchum $2,150,000
151 S Main St #409, Ketchum $6,700,000
View all BHHS Properties
201 Nez Perce, Indian Creek $650,000
460 N Main St, Ketchum Starting at $6,193,000
106 N Hiawatha, Hailey $1,100,000
3574 Ranch Condo, Elkhorn $899,000
221 S River St, Hailey $1,650,000
MARCH CALENDAR OF SUN VALLEY EVENTS 2 3 Fri’s 4 4&5 5 5 6 9 11 15 17 17 & 18 19 20 23 24 26
Pitts & Castillo (opera) | The Argyros (K) SV Culinary Institute Tour | SV Culinary (K) Bald Mountain Tour | Baldy Pauly Shore (comedy) | The Argyros (K) SV Suns Hockey | Campion Ice Center (H) The Approach & Girl Film (movies) | SV Opera (SV) Fred Hersch (piano) | The Argyros (K) Junior Ski Patrol Training | SV Resort (SV) Rocky Mtn Fly Highway (film) | The Comm Lib (K) Gallery Walk | Ketchum Art Galleries (K) We Banjo 3 | The Argyros (K) Early Sun Valley (lecture) | The Comm Lib (K) Full Moon Dinners | Galena Lodge Steve Soelberg (comedy) | SV Opera (SV) Allison Blackwell (opera) | The Argyros (K) BCRD Free Ski Day | Valley-wide Dante Elephante (music) | The Argyros (K) Dala (music) | The Argyros (K)
30-3
SV Film Festival | Various
)
A BETTER REAL ESTATE EXPERIENCE. 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 March 1, 2022. © 2022 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.