SUN VALLEY
Real Estate Market Report
June 2023
SUN VALLEY MLS THROUGH JUNE 2023
Entire Market All Properties in Blaine & Custer Counties
* % Change figures are compared to June 2022
** % Change figures are compared to the same point in
Residential Homes in Entire Market Condos/Townhomes/Duplexes in Entire Market Sales Sold $ Volume New Listings Median List Price June 56 ( -22%)* $101M (+72%) 162 ( -9%) $1.53M (+54%) 2023 YTD 250 ( -43%)** $354M ( -34%) 507 ( -24%) $950,000 (+12%)
Sales Sold $ Volume New Listings Median List Price June 18 ( -40%) $63M (+146%) 66 ( -12%) $2.34M (+96%) 2023 YTD 91 ( -36%) $199M ( -13%) 180 ( -24%) $1.57M (+34%) Sales Sold $ Volume New Listings Median List Price June 16 ( -6%) $21M (+22%) 35 ( -22%) $1.55M (+103%) 2023 YTD 92 ( -30%) $111M ( -31%) 137 ( -28%) $910,000 (+4%)
2022
SUN VALLEY MLS THROUGH JUNE 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 June 11 ( -15%) $5M ( -25%) 39 (+3%) $595,000 ( -37%) 2023 YTD 38 ( -61%) $13.7M ( -80%) 119 ( -25%) $525,000 (+20%) Sales Sold $ Volume New Listings Median List Price June 2 ( -50%) $380,000 ( -86%) 10 (+25%) $1.55M (+35%) 2023 YTD 10 ( -63%) $5.6M ( -79%) 36 (+3%) $1.32M (+39%) Sales Sold $ Volume New Listings Median List Price June 6 (+500%) $53M (+1477%) 31 (+7%) $5.3M (+16%) 2023 YTD 24 ( -8%) $141M ( -8%) 71 ( -24%) $5.0M ( -6%)
RESORT CORE MARKETS THROUGH JUNE 2023
Ketchum Market (includes all property types)
Warm Springs Market
Sun Valley Village Market
Elkhorn Market
Sales Sold $ Volume New Listings Median List Price June 7 (0%) $26M (+184%) 29 (+8%) $2.4M (+140%) 2023 YTD 24 (-62%) $50M (-62%) 65 (-29%) $2.0M (+60%) Sales Sold $ Volume New Listings Median List Price June 3 (0%) $10.5M (+357%) 11 (-42%) $2.88M (+5%) 2023 YTD 19 (-17%) $44M (+93%) 31 (-28%) $2.44M (+47%) Sales Sold $ Volume New Listings Median List Price June 2 (-33%) $3.4M (-10%) 6 (-46%) $2.4M (-4%) 2023 YTD 13 (-19%) $26M (-23%) 20 (-56%) $2.2M (-12%) Sales Sold $ Volume New Listings Median List Price June 7 (+133%) $10.1M (+246%) 15 (-12%) $2.1M (+59%) 2023 YTD 34 (-28%) $56M (-24%) 45 (-40%) $1.7M (+36%)
OTHER LOCAL MARKETS THROUGH JUNE 2023
North of Ketchum Market (includes all property types)
South of Ketchum Market
Hailey Market
Bellevue & Beyond Market (includes Carey, Magic, Gannett, Picabo)
Custer County (Stanley, Challis, Mackay, Sawtooth City)
Sales Sold $ Volume New Listings Median List Price June 1 (+100%) $15M (+100%) 2 (0%) $8.9M (+94%) 2023 YTD 3 ( -40%) $27M ( -38%) 10 (+60%) $3.6M ( -27%) Sales Sold $ Volume New Listings Median List Price June 4 ( -33%) $15.9M (+193%) 30 (+100%) $2.2M (+1%) 2023 YTD 20 ( -38%) $44M ( -2%) 76 (+31%) $1.9M (+5%)
Sales Sold $ Volume New Listings Median List Price June 15 ( -44%) $9.8M ( -50%) 32 ( -26%) $750,000 (0%) 2023 YTD 73 ( -49%) $57M ( -44%) 128 ( -30%) $647,000 (+5%) Sales Sold $ Volume New Listings Median List Price June 10 ( -17%) $5.9M ( -49%) 12 ( -50%) $680,000 ( -15%) 2023 YTD 37 ( -42%) $24M ( -61%) 52 ( -40%) $680,000 (+26%) Sales Sold $ Volume New Listings Median List Price June 1 (0%) $2.4M (+1163%) 10 (+43%) $2.12M ( -15%) 2023 YTD 3 ( -63%) $6.7M (+112%) 21 (+11%) $895,000 ( -8%)
AVAILABLE INVENTORY AS OF JULY 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. Totals do not add up accurately due to co -listings and out -of -area listings that are listed in our MLS.
Area Market Homes Condos/TH Vacant Land Pending in June North of Ketchum 9 N/A 2 0 Avg List Price $7.69M N/A $1.4M $0 Ketchum/Warm Springs 27 34 6 13 Avg List Price $7.1M $2.97M $2.4M $3.45M Sun Valley/Elkhorn 11 15 5 13 Avg List Price $4.0M $1.4M $1.69M $1.74M South of Ketchum 30 N/A 44 6 Avg List Price $4.6M N/A $1.32M $5.35M Hailey 17 15 23 21 Avg List Price $1.9M $847,000 $702,000 $722,000 Bellevue & South 14 N/A 17 8 Avg List Price $1.2M N/A $901,000 $1.48M Custer County 3 N/A 12 4 Avg List Price $1.15M N/A $1.2M $2.52M TOTALS* 116 71 151 70 Avg List Price $3.8M $2.03M $1.02M $2.09M
SELECTED LISTINGS FROM OUR INVENTORY
190 Valleywood, Ketchum $545,000
460 N Main St, Ketchum Starting at $5,950,000
View All Sun Valley Area Properties
790 Critchfield, Stanley $759,000
202 Bird Dr, West Ketchum $4,195,000 20 Purdy Way, Picabo $575,000
780 N 4th Ave, Ketchum (2 units) $5,495,000 & $5,295,000 Limelight #409, Ketchum $6,700,000
100 Stoneridge Rd, Ketchum $5,475,000
23.
© 2023 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeSer vic es 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 June
1, 20
1100 W Canyon Run, Warm Springs $6,850,000
71 Covey Run Dr, S of Ketchum $4,995,000
321 S Leadville Ave K, Ketchum $2,475,000
JULY CALENDAR OF SUN VALLEY EVENTS 208.726.3411 info@bhhssunvalley.com www.bhhssunvalley.com 1 Opening Day for Biking on Bald Mountain (River Run) 1-2 Ballet Sun Valley | Sun Valley Pavilion (SV) 1-4 Hailey Days of the Old West | Hailey 2 Summer Kick-off at Bald Mountain (River Run) 4 4th of July Celebration | Sun Valley Village 4 Riverfest | Hop Porter Park (H) 4 Marcus King (music) | Sun Valley Pavilion (SV) 5 & 6 Pickleball Tournament | Sun Valley Tennis Center (SV) 5 Graham Nash (music) | The Argyros (K) 6 Higher Ground Hero’s Journey Gala 6 Sun Valley on Ice | Outdoor Rink (SV) 7 Gallery Walk | Various Art Galleries in Ketchum 8 Paco Versailles (music) | The Argyros (K) 11-14 Allen & Company Conference | Sun Valley & Ketchum 13 Swiftsure Ranch Cowboy Ball | Swiftsure Ranch (B-vue) 14-16 Ketchum Arts Festival | Festival Meadow (K) 15 Galena Grinder (bike race) | Galena Lodge 19 Robert Cray (music) | The Argyros (K) 20-22 Sun Valley Tour de Force | Various Locations 21-23 Lost River Disco (festival) | Mackay 22-24 Sun Valley Writers’ Conference | Sun Valley Pavilion (SV) 22 Big Wood Fish Run (contest) | Elephant’s Perch (K) 25 In a Landscape (classical music) | SV Museum of Art (K) 26-27 Steve Hackman (classical music) | The Argyros (K) 26 Wood River Museum of History & Culture Grand Opening! 30 Sun Valley Summer Music Festival begins, thru August 24 WE DELIVER BETTER REAL ESTATE EXPERIENCES.