SUN VALLEY REAL ESTATE MARKET REPORT NOVEMBER 2021
SUN VALLEY MLS THROUGH NOVEMBER 2021 Entire Market—All Properties in Blaine & Custer Counties Sales
Sold $ Volume
New Listings
Median List Price
Nov.
64 (-57%)*
$71M (-47%)
58 (-11%)
$1.05M (+61%)
2021 YTD
1169 (+2%)**
$1.16B (+6%)
1287 (-15%)
$727,000 (+26%)
Residential Homes
* % Change figures are compared to November 2020 ** % Change figures are compared to the same point in 2020
Sales
Sold $ Volume
New Listings
Median List Price
Nov.
27 (-52%)
$40M (-48%)
25 (-17%)
$1.25M (+37%)
2021 YTD
363 (-12%)
$551M (-4%)
488 (-14%)
$995,000 (+5%)
Sales
Sold $ Volume
New Listings
Median List Price
Nov.
13 (-67%)
$13M (-57%)
23 (+156%)
$885,000 (+1%)
2021 YTD
325 (-6%)
$327M (+31%)
370 (-18%)
$675,000 (+23%)
Condos/Townhomes
SUN VALLEY MLS THROUGH NOVEMBER 2021 Vacant Land Sales
Sold $ Volume
New Listings
Median List Price
Nov.
14 (-62%)
$4.6M (-37%)
3 (-82%)
$395,000 (+13%)
2021 YTD
366 (+30%)
$148M (-12%)
336 (-19%)
$383,000 (+28%)
Commercial (Does not include commercial leases) Sales
Sold $ Volume
New Listings
Median List Price
Nov.
5 (-44%)
$6.3M (+8%)
4 (+33%)
$2.0M (+1000%)
2021 YTD
49 (+11%)
$41M (+19%)
85 (+25%)
$990,000 (+83%)
Luxury Residential ($2.5M+ Sale/List Price Homes, Condos & TH) Sales
Sold $ Volume
New Listings
Median List Price
Nov.
6 (-25%)
$22M (-38%)
14 (+27%)
$6.1M (+40%)
2021 YTD
84 (+14%)
$354M (+14%)
144 (-8%)
$3.98M (+6%)
ONE THING TO KNOW
• With one month left in 2021, the market is essentially running neckand-neck with 2020’s record numbers. December 2020 was an unusually busy month for closings, and it will be fascinating where we end up this year. Either way, 2021 will be the first or second busiest year in the market’s history!
ONE NUMBER THAT JUMPS OUT • The Median List Price for Residential Homes is up quite a bit over November 2020, as sellers are pushing to see what the top of the market truly is. Have we gotten there? Time will tell.
RESORT CORE MARKETS THROUGH NOVMEBER 2021 Ketchum Market (includes all property types) Sales
Sold $ Volume
New Listings
Median List Price
Nov.
6 (-74%)
$7.8M (-78%)
14 (+56%)
$2.8M (+117%)
2021 YTD
156 (-8%)
$229M (-4%)
165 (-34%)
$1.3M (+4%)
Sales
Sold $ Volume
New Listings
Median List Price
Nov.
4 (-69%)
$5.9M (-58%)
7 (+75%)
$850,000 (+41%)
2021 YTD
77 (-22%)
$96M (-4%)
96 (-18%)
$933,000 (+15%)
Warm Springs Market
Sun Valley Village Market Sales
Sold $ Volume
New Listings
Median List Price
Nov.
3 (-70%)
$5.9M (-56%)
2 (0%)
$3.1M (+305%)
2021 YTD
67 (-23%)
$123M (-7%)
85 (-9%)
$1.5M (+37%)
Sales
Sold $ Volume
New Listings
Median List Price
Nov.
6 (-63%)
$9.9M (-37%)
8 (+33%)
$883,000 (0%)
2021 YTD
113 (-16%)
$120M (+10%)
139 (-8%)
$800,000 (+28%)
Elkhorn Market
RESORT CORE OBSERVATION •
The drop in the number of sales in each of the four Resort Core markets is attributable to inventory. Overall, there have been 124 fewer New Listings to come to the market in 2021 versus 2020, a 20% drop in inventory.
OTHER MARKETS THROUGH NOVEMBER 2021 North of Ketchum Market (includes all property types) Sales
Sold $ Volume
New Listings
Median List Price
Nov.
1 (-67%)
$2.0M (-60%)
4 (+33%)
$6.75M (-24%)
2021 YTD
18 (-31%)
$76M (-3%)
29 (-15%)
$2.15M (+5%)
South of Ketchum Market Sales
Sold $ Volume
New Listings
Median List Price
Nov.
7 (-67%)
$16M (-36%)
2 (-80%)
$1.6M (-28%)
2021 YTD
116 (-32%)
$176M (-19%)
139 (-38%)
$1.4M (+33%)
Sales
Sold $ Volume
New Listings
Median List Price
Nov.
10 (-77%)
$11M (-43%)
9 (-25%)
$769,000 (+91%)
2021 YTD
308 (+24%)
$177M (+55%)
327 (-11%)
$575,000 (+52%)
Hailey Market
Bellevue & Beyond Market (Carey, Magic, Gannett, Picabo) Sales
Sold $ Volume
New Listings
Median List Price
Nov.
18 (+50%)
$10.3M (+210%)
5 (-44%)
$547,000 (+35%)
2021 YTD
206 (+91%)
$89M (+96%)
222 (+6%)
$489,000 (+43%)
Custer County (Stanley, Challis, Mackay, Sawtooth City) Sales
Sold $ Volume
New Listings
Median List Price
Nov.
3 (+200%)
$351,000 (+80%)
1 (0%)
$395,000 (+953%)
2021 YTD
24 (-27%)
$20M (+7%)
37 (+32%)
$475,000 (+27%)
MARKET OBSERVATIONS • Bellevue continues to be the biggest gainer over 2020 in the entire market, up over 90% in both sales as well as sold dollar volume.
• After a few sizzling months, Hailey cooled considerably in November, with only 10 sales. The Hailey market is still tracking well ahead of 2020’s totals.
Current Available Inventory (Not Under Contract) Number
Listing $ Volume
Median List Price
Residential Listings $2.5M and higher
51
$322M
$5.0M
Residential Listings $1M to $2.499M
29
$53M
$1.6M
Residential Listings $999,999 and below
48
$29M
$632,000
Vacant Land
123
$158M
$395,000
Pending Activity in November
(Compared to pending activity in November 2020) Number
Pending $ Volume
Median List Price
Residential Homes
30 (-13%)
$67M (+6%)
$822,000 (+3%)
Condos/Townhomes
17 (-6%)
$16M (-7%)
$750,000 (+62%)
Vacant Land
16 (-59%)
$9M (-31%)
$325,000 (+86%)
Highest Residential Sale in November (List Price).........$4,495,000 Highest Vacant Land Sale in November (List Price).....$1,600,000
Selected Listings from Our Brokerage’s Inventory
17 Quigley Dr, Hailey
2806 Summit I, Elkhorn
Buster Back Ranch, Sawtooths
13404 Hwy 75, N of Ketchum
146 Barlow Rd, N of Ketchum
151 S Main St #409, Ketchum
460 N Main St, Ketchum
106 N Hiawatha, Hailey
1337 Creekside, Sun Valley
16 Rodeo Dr, Hailey
4109 Bluff Condo, Elkhorn
View all BHHS Properties
Information is deemed to be reliable but is not guaranteed. All figures sourced from the Sun Valley MLS November 1, 2021. © 2021 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.
DECEMBER CALENDAR OF SUN VALLEY EVENTS 1 1-4 2 3&4 4&5 4 4 4 8 8 10 11 11 12 17 & 18 24 26 30 & 31
Ketchum Tree Lighting, 4:30 | Town Square (K) Rotarun Rip-a-Thon | Rotarun Ski Area (H) The Legacy of Isabel Bond | Hailey Library (H) Festival of Trees | SV Culinary Institute (K) Papoose Club Holiday Bazaar | Hemingway Sch (K) BCRD Ski Free Day (Nordic) | Valley-wide Warfield’s Whiskey Tasting Party | Warfield (K) Tacos, Tequila, + Telescopes | Barrio 75 (K) Winter Sports Hall of Fame Ceremony | ComLib (K) Mass Film Screening | Argyros (K) SVSEF 45th Annual Wild Game Dinner | Argyros (K) Holiday Market | Sun Valley Village Sun Valley Tree Lighting, 5:30 | Sun Valley Village WR Orchestra Concert | Church of the Bigwood (K) Classic Christmas Concert | SV Opera House (SV) Christmas Eve Celebration | SV Village & Dollar Zoso (Led Zeppelin Cover Band) | Argyros (K) Time for 3 (Music) | Argyros (K)
A BETTER REAL ESTATE EXPERIENCE. 208.726.3411 | info@bhhssunvalley.com | www.bhhssunvalley.com