SUN
VALLEY Real Estate Market Report
March 2023
SUN VALLEY MLS THROUGH MARCH 2023
Entire Market All Properties in Blaine & Custer Counties
* % Change figures are compared to March 2022
** % Change figures are compared to the same point in 2022
Residential Homes in Entire Market Condos/Townhomes/Duplexes in Entire Market Sales Sold $ Volume New Listings Median List Price March 52 ( -36%)* $63M ( -45%) 80 ( -25%) $ 805,000 (+1%) 2023 YTD 112 ( -49%)** $161M ( -43%) 189 ( -26%) $ 839,000 ( -1%)
Sales Sold $ Volume New Listings Median List Price March 2 1 ( -28%) $ 36M ( -49%) 28 ( -26%) $887,000 ( -42%) 2023 YTD 40 ( -42%) $87M ( -30%) 33 ( -18%) $995,000 ( -16%) Sales Sold $ Volume New Listings Median List Price March 19 ( -14%) $20M ( -31%) 25 ( -4%) $910,000 (+2%) 2023 YTD 48 ( -28%) $57M ( -28%) 68 ( -14%) $870,000 ( -1%)
SUN VALLEY MLS THROUGH MARCH 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 March 7 ( -65%) $2.2M ( -74%) 12 ( -56%) $265,000 ( -25%) 2023 YTD 13 ( -73%) $4.7M ( -85%) 36 ( -46%) $550,000 (+26%) Sales Sold $ Volume New Listings Median List Price March 1 ( -67%) $599,000 ( -62%) 1 1 (+267%) $599,000 ( -62%) 2023 YTD 4 ( -71%) $ 2.7M ( -76%) 1 9 (+58%) $ 1.2M (+20%) Sales Sold $ Volume New Listings Median List Price March 5 ( -17%) $18M ( -67 %) 7 ( -77%) $ 4.9M ( -28%) 2023 YTD 1 4 (+17%) $65M ( -21%) 18 ( -57%) $ 4.2M ( -20%)
RESORT CORE MARKETS THROUGH MARCH 2023
Ketchum Market (includes all property types)
Warm Springs Market
Sun Valley Village Market
Elkhorn Market
Sales Sold $ Volume New Listings Median List Price March 3 (-50%) $3.8M (-88%) 12 (+33%) $1.5M (+51%) 2023 YTD 9 (-74%) $13M (-84%) 25 (-14%) $1.9M (+50%) Sales Sold $ Volume New Listings Median List Price March 4 (+0%) $5.9M (+45%) 7 (+133%) $3.0M (+140%) 2023 YTD 12 (+9%) $29M (+170%) 14 (+17%) $1.5M (-13%) Sales Sold $ Volume New Listings Median List Price March 2 (-50%) $5.7M (+8%) 3 (-81%) $910,000 (-87%) 2023 YTD 6 (-46%) $13M (-53%) 9 (-61%) $1.7M (-29%) Sales Sold $ Volume New Listings Median List Price March 8 (-11%) $11M (-13%) 10 (-47%) $1.7M (-4%) 2023 YTD 19 (-21%) $32M (-2%) 21 (-49%) $950,000 (-24%)
OTHER LOCAL MARKETS THROUGH MARCH 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 March 0 ( -100%) $0 ( -100%) 0 (+0%) $0 (+0%) 2023 YTD 2 ( -50%) $11M ( -58%) 1 (+0 %) $3.5M ( -33%) Sales Sold $ Volume New Listings Median List Price March 6 ( -14%) $11M ( -6%) 4 ( -69%) $ 1.9M ( -54%) 2023 YTD 10 ( -47%) $17M ( -44%) 21 ( -9%) $ 1.6M ( -10%)
Sales Sold $ Volume New Listings Median List Price March 16 ( -55%) $15M ( -5%) 21 (+24%) $517,000 (+16%) 2023 YTD 29 ( -55%) $25M ( -45%) 56 ( -15%) $ 645,000 (+5%) Sales Sold $ Volume New Listings Median List Price March 8 ( -50%) $6.1M (-30%) 9 (-47%) $599,000 (+46%) 2023 YTD 1 4 ( -57%) $10M (-32%) 16 (-58%) $667,000 (+24%) Sales Sold $ Volume New Listings Median List Price March 1 (+0 %) $895,000 (+460%) 2 (+100 %) $415,000 (+0%) 2023 YTD 2 ( -60%) $4.3M (+72%) 3 (+50 %) $595,000 ( -39%)
AVAILABLE INVENTORY AS OF APRIL 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.
Area Market Homes Condos/TH/Etc Vacant Land North of Ketchum 6 N/A 0 Avg List Price $5.95M N/A $0 Ketchum/Warm Springs 15 28 5 Avg List Price $9.08M $2.95M $ 2.66M Sun Valley/Elkhorn 5 17 5 Avg List Price $4.38M $ 1.09M $ 1.58M South of Ketchum 13 N/A 28 Avg List Price $6.78M N/A $1.22M Hailey 14 17 16 Avg List Price $ 1.63M $ 648,000 $517,000 Bellevue & South 13 N/A 19 Avg List Price $942,900 N/A $856,000 Custer County 3 N/A 7 Avg List Price $4.36M N/A $1.78M TOTALS* 80 63 116 Avg List Price $ 4.3M $ 1.79M $ 1.01M
SELECTED LISTINGS FROM OUR INVENTORY
520 N Walnut Ave, Ketchum $3,200,000
125 Howard #1, Warm Springs $1,495,000
106 Blue Grouse, Elkhorn $4,950,000
321 S Leadville #K -105. Ketchum $2,475,000
116 Deer Valley Lane, Hailey $445,000
View All Sun Valley Area Properties
108 River Run, Warm Springs $3,500,000
400 Huffman Dr, Warm Springs $ 6,650,000
218 Sun Peak Dr, Sun Valley $2,495,000
780 N 4th Ave, Ketchum (2 units) $5,495,000 & $5,295,000
5 Villa Court, Elkhorn $2,275,000
12 Chateau Circle, Elkhorn $2,450,000
© 2023 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. Information is deemed to be reliable but is not guaranteed. All figures sourced from the Sun Valley MLS April 1, 2023.
1 -2 Idaho State Gymnastics Champ’s | WRHS (H)
2 Galena Ride, Stride & Glide (Closing Day) | Gal. Lodge
2 -5 US Alpine Nat’l Champ’s | Bald Mountain (Warm Sprgs )
6,13,20.. Thursday SV Culinary Inst. Tours | SV Culinary (K)
7 Easter Egg Hunt | SV Resort (SV)
7 Parlor in the Round | SV Museum of Art (K)
8 Baldy Bash | Bald Mountain (Warm Springs)
8 Interactive Beatles Experience | The Argyros (K)
13 Higher Ground Supper Club | The Argyros (K)
15-16 Closing Weekend on Bald Mountain | River Run
16 Wood River Orchestra | Community Campus (H)
20 -30 Medicine (play by Enda Walsh) | The Spot (K)
21 -22
Time for Three (music) | The Argyros (K)
28 Barcelona Flamenco Ballet | The Argyros (K)
APRIL CALENDAR OF SUN VALLEY EVENTS
208.726.3411 info@bhhssunvalley.com www.bhhssunvalley.com
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