SUN VALLEY REAL ESTATE MARKET REPORT JUNE 2021
SUN VALLEY MLS THROUGH JUNE 2021 Entire Market—All Properties in Blaine & Custer Counties Sales
Sold $ Volume
New Listings
Median List Price
June
121 (+64%)*
$103M (+138%)
171 (-25%)
$895,000 (+33%)
2021 YTD
668 (+108%)**
$582M (+129%)
713 (-11%)
$640,000 (+11%)
* % Change figures are compared to June 2020 ** % Change figures are compared to the same point in 2020.
Residential Homes Sales
Sold $ Volume
New Listings
Median List Price
June
40 (+67%)
$52M (+213%)
63 (-24%)
$1.5M (+30%)
2021 YTD
177 (+67%)
$267M (+132%)
243 (-11%)
$950,000 (0%)
Condos/Townhomes Sales
Sold $ Volume
New Listings
Median List Price
June
33 (+154%)
$23M (+133%)
38 (-45%)
$597,000 (-12%)
2021 YTD
152 (+57%)
$139M (+102%)
192 (-26%)
$589,000 (+8%)
Sales
Sold $ Volume
New Listings
Median List Price
June
39 (+77%)
$19M (+315%)
52 (-15%)
$583,000 (+68%)
2021 YTD
277 (+290%)
$99M (+306%)
200 (+1%)
$300,000 (0%)
Vacant Land
Commercial (Does not include commercial leases) Sales
Sold $ Volume
New Listings
Median List Price
June
4 (0%)
$4.1M (+47%)
15 (+114%)
$990,000 (+104%)
2021 YTD
24 (+33%)
$18.6M (+65%)
42 (+24%)
$1M (+94%)
Luxury Residential ($2.5M+ Sale/List Price Homes, Condos & TH) Sales
Sold $ Volume
New Listings
Median List Price
June
8 (+100%)
$26M (+100%)
23 (-21%)
$4.8M (+54%)
2021 YTD
39 (+144%)
$163M (+192%)
72 (-16%)
$3.8M (-1%)
AREA MICRO-MARKETS THROUGH JUNE 2021 North of Ketchum Market Sales
Sold $ Volume
New Listings
Median List Price
June
1 (-75%)
$2.9M (+6%)
9 (-25%)
$3M (+114%)
2021 YTD
8 (-11%)
$41M (+172%)
14 (-26%)
$2.3M (+13%)
Sales
Sold $ Volume
New Listings
Median List Price
June
8 (+33%)
$8.9M (+25%)
21 (-40%)
$1.5M (+24%)
2021 YTD
78 (+37%)
$114M (+61%)
82 (-38%)
$1.5M (+20%)
Ketchum Market
Warm Springs Market Sales
Sold $ Volume
New Listings
Median List Price
June
7 (0%)
$6.2M (+8%)
10 (-58%)
$1.35M (-51%)
2021 YTD
35 (+59%)
$31M (+60%)
47 (-16%)
$675,000 (-17%)
Sun Valley Village Market Sales
Sold $ Volume
New Listings
Median List Price
June
6 (+100%)
$12.8M (+321%)
15 (+7%)
$1.6M (0%)
2021 YTD
41 (+71%)
$75M (+152%)
49 (-8%)
$1.5M (+37%)
Sales
Sold $ Volume
New Listings
Median List Price
June
19 (+375%)
$17M (+571%)
14(-50%)
$612,000 (-43%)
2021 YTD
60 (+88%)
$55M (+111%)
74 (+10%)
$725,000 (+16%)
Elkhorn Market
South of Ketchum Market Sales
Sold $ Volume
New Listings
Median List Price
June
9 (-10%)
$14M (+69%)
14 (-60%)
$2.1M (+54%)
2021 YTD
68 (+89%)
$86M (+130%)
63 (-50%)
$1.5M (+40%)
Hailey Market Sales
Sold $ Volume
New Listings
Median List Price
June
33 (+136%)
$22M (+307%)
48 (+41%)
$695,000 (+57%)
2021 YTD
175 (+157%)
$86M (+211%)
197 (-4%)
$539,000 (+40%)
Bellevue & Beyond Market (Carey, Magic, Gannett, Picabo) Sales
Sold $ Volume
New Listings
Median List Price
June
26 (+86%)
$11.4M (+219%)
18 (-10%)
$365,000 (-10%)
2021 YTD
144 (+289%)
$52M (+431%)
112 (+37%)
$403,000 (+19%)
Custer County (Stanley, Challis, Mackay, Sawtooth City) Sales
Sold $ Volume
New Listings
Median List Price
June
0 (-100%)
$0 (-100%)
8 (+33%)
$547,000 (+67%)
2021 YTD
11 (+38%)
$10.8M (+94%)
19 (+36%)
$399,000 (+6%)
New Listings in June Number
New List $ Volume
Median List Price
Residential Homes
63
$132M
$1.5M
Condos/Townhomes
38
$48M
$597,000
Vacant Land
52
$60M
$583,000
Listings Going Under Contract in June Number
Pending $ Volume
Median List Price
Residential Homes
40
$79M
$1.3M
Condos/Townhomes
39
$56M
$675,000
Vacant Land
39
$35M
$519,000
Highest Residential Sale in June (List Price).........$4,150,000 Highest Vacant Land Sale in June (List Price).....$2,995,000
Figures of note in the June Market Report •
• • •
It was in June of 2020 that real estate activity started to pick back up after a couple months of virtually no activity. This helps explain why June 2020’s sales numbers are so low: since real estate sales typically reflect transactions that were agreed on two months prior, there were relatively few closings in June (and July) of 2020. As a result, the huge year-over-year percentage change comparisons that we are seeing will very likely be moving in the other direction in upcoming monthly reports. We saw more new listings hit the market in June than any month since August of 2020. The 172 new listings are an encouraging sign that the demand buyers continue to show will be somewhat satisfied. Hailey and Bellevue continue to the be most active markets; 59 of the 121 (just under half) of the total sales for the market took place in the South Valley. Valley-wide, there are roughly 110 Residential properties available (not under contract) as of July 1, 2021. Of these, about half are under $1M list price.
Selected Listings from Our Brokerage’s Inventory
16 Rodeo Dr, Hailey
Limelight 409, Ketchum
234 Timber, South of Ketchum
120 Scott, Carey
221 & 225 Sutton, Gimlet
Int’l Village F9, Warm Springs
100 Lindsay Circle, Ketchum
3 Pete’s Lane Lot 2, Sun Valley
408 N 1st Ave, Hailey
Information is deemed to be reliable but is not guaranteed. All figures sourced from the Sun Valley MLS July 1, 2021.
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