SUN VALLEY REAL ESTATE MARKET REPORT MARCH 2021
SUN VALLEY MLS THROUGH MARCH 2021 Entire Market—All Properties in Blaine & Custer Counties Sales
Sold $ Volume
New Listings
Median List Price
March
124 (+91)*
$103M (+89%)
124 (+14%)
$505,000 (-15%)
2021 YTD
294 (+82%)**
$273M (+95%)
307 (-11%)
$550,000 (-4%)
* % Change figures are compared to March 2020 ** % Change figures are compared to the same point in 2020.
Residential Homes Sales
Sold $ Volume
New Listings
Median List Price
March
25 (+9%)
$40M (+49%)
46 (+10%)
$917,500 (+6%)
2021 YTD
73 (+46%)
$122M (+111%)
103 (+3%)
$939,000 (-1%)
Condos/Townhomes Sales
Sold $ Volume
New Listings
Median List Price
March
25 (0%)
$28M (+55%)
44 (+5%)
$505,000 (+4%)
2021 YTD
66 (+5%)
$69M (+42%)
90 (-26%)
$560,000 (+3%)
Sales
Sold $ Volume
New Listings
Median List Price
March
63 (+473%)
$24M (+720%)
27 (+80%)
$190,000 (+47%)
2021 YTD
131 (+337%)
$52M (+262%)
87 (-2%)
$210,000 (-30%)
Vacant Land
Commercial (Does not include commercial leases) Sales
Sold $ Volume
New Listings
Median List Price
March
3 (+50%)
$1.7M (-70%)
6 (0%)
$520,000 (-44%)
2021 YTD
8 (-11%)
$6.1M (-15%)
17 (+21%)
$798,000 (+54%)
Luxury Residential ($2.5M+ Sale/List Price Homes, Condos & TH) Sales
Sold $ Volume
New Listings
Median List Price
March
6 (0%)
$24M (+38%)
13 (+44%)
$3.5M (+3%)
2021 YTD
18 (+64%)
$86M (+143%)
35 (-8%)
$3.6M (-5%)
AREA MICRO-MARKETS THROUGH MARCH 2021 North of Ketchum Market Sales
Sold $ Volume
New Listings
Median List Price
March
1 (0%)
$1.5M (+94%)
1 (+100%)
$1.6M (+100%)
2021 YTD
4 (+33%)
$31M (+745%)
5 (+25%)
$1.7M (-17%)
Sales
Sold $ Volume
New Listings
Median List Price
March
18 (+64%)
$30M (+114%)
8 (-56%)
$805,000 (-55%)
2021 YTD
43 (+16%)
$63M (+35%)
32 (-46%)
$1.9M (+56%)
Ketchum Market
Warm Springs Market Sales
Sold $ Volume
New Listings
Median List Price
March
7 (+75%)
$5.2M (+247%)
9 (0%)
$550,000 (-8%)
2021 YTD
19 (+90%)
$19M (+112%)
18 (-14%)
$582,000 (-28%)
Sun Valley Village Market Sales
Sold $ Volume
New Listings
Median List Price
March
7 (-13%)
$14M (+23%)
11 (+57%)
$775,000 (+30%)
2021 YTD
18 (+13%)
$42M (+101%)
22 (+10%)
$1.3M (+21%)
Sales
Sold $ Volume
New Listings
Median List Price
March
9 (0%)
$6.4M (-22%)
10 (+25%)
$972,500 (+120%)
2021 YTD
22 (+5%)
$19M (+2%)
28 (+27%)
$774,500 (+24%)
Elkhorn Market
South of Ketchum Market Sales
Sold $ Volume
New Listings
Median List Price
March
11 (+83%)
$16M (+253%)
11 (-31%)
$1.7M (-4%)
2021 YTD
36 (+157%)
$37M (+125%)
32 (-42%)
$1.4M (+30%)
Hailey Market Sales
Sold $ Volume
New Listings
Median List Price
March
34 (+127%)
$14M (+49%)
33 (+7%)
$499,000 (+25%)
2021 YTD
84 (+127%)
$31M (+83%)
76 (-33%)
$517,000 (+36%)
Bellevue & Beyond Market (Carey, Magic, Gannett, Picabo) Sales
Sold $ Volume
New Listings
Median List Price
March
24 (+243%)
$8M (+202%)
22 (+22%)
$262,000 (+52%)
2021 YTD
48 (+336%)
$18M (+345%)
55 (+57%)
$325,000 (-5%)
Custer County (Stanley, Challis, Mackay, Sawtooth City) Sales
Sold $ Volume
New Listings
Median List Price
March
3 (+200%)
$447K (+79%)
0 (-100%)
$0
2021 YTD
5 (+150%)
$2.2M (+372%)
3 (+50%)
$55,000 (-87%)
Number
New List $ Volume
Med List Price
Residential Homes
46
$83M
$917,500
Condos/Townhomes
44
$34.6M
$395,000
Vacant Land
27
$18.9M
$190,000
New Listings in March
Listings Going Under Contract in March Number
Pending $ Volume
Med List Price
Residential Homes
36
$64.9M
$1.1M
Condos/Townhomes
27
$30.1M
$789,000
Vacant Land
59
$25.1M
$198,000
Highest Residential Sale in March (List Price).........$6,900,000 Highest Vacant Land Sale in March (List Price).....$3,500,000
Figures of note in the March Market Report • • • • •
The overall market is still tracking well ahead of 2020’s pace; expect this to continue until June or July, when last year’s record activity began Home and Condo/TH sales were both flat this month versus March of 2020, due to an historically low amount of residential properties for sale Vacant Land sales continue to be astonishing; sales are up 337% over last year, and sold dollar volume is up 262% Hailey and Bellevue are the most active micro-markets in the valley, especially Bellevue, which has seen an increase of over 300% for both sales and sold dollar volume versus 2020 There are only 81 residential properties available (not under contract) as of April 1, 2021
Selected Listings from Our Brokerage’s Inventory
16 Rodeo Dr, Hailey
Limelight 409, Ketchum
217 Willoway, East Fork
TBD Purdy Way, Picabo
640 2nd Ave S, Ketchum
Edelweiss 222, Warm Springs
Busterback Ranch, Sawtooths
56 E Lane Ranch, Sun Valley
221 & 225 Sutton, Gimlet
Information is deemed to be reliable but is not guaranteed. All figures sourced from the Sun Valley MLS April 1, 2021.
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