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Table of Contents

A FEW THOUGHTS ABOUT 2020 AND THIS MARKET REPORT • In every way imaginable, 2020 was like no other year we have ever seen. This more than holds true for real estate in the Sun Valley area, which saw every conceivable real estate record get shattered. • The flurry of activity began in late May after our mandatory lockdown protocols were lifted. At that point, properties started going under contract at a record rate. • From late May on, the activity never slowed. Even historically slower months, like November and December, saw production that easily eclipsed the highest levels of our “normal” busiest months. • Overall, 2020 established high-water marks for: • Sales.............................................1286 • Sold Dollar Volume.....................$1,244,014,821 • Sales Price for a Home...............$18,000,000 • Sales Price for Vacant Land......$23,000,000 • Average Sales Price...................$967,352

BERKSHIRE HATHAWY HOMESERVICES SUN VALLEY PROPERTIES’ PRODUCTION IN 2020 New Listings

204

Total Sales

248

Total Sold $ Volume

$402M

Average Sales Price

$1.614M

Residential Sales

178

Residential Sold $ Volume

$315.4M

Land Sales

57

Land Sold $ Volume

$65.3M

Commercial Sales

11

Commercial Sold $ Volume

$19.8M


HISTORICAL LOOK AT THE SUN VALLEY MARKET 2005 to 2020

ABOUT THIS REPORT • All the figures in this report have been generated from the Sun Valley Board of Realtors site on January 4, 2021. The figures do not take into account off-market sales, commercial leases, mobile homes, mines, undisclosed sales, FSBOs and other market anomalies. • Several micro-markets (North of Ketchum, South of Ketchum, Bellevue & Beyond, Custer County) do not have Condo/Townhome figures, as there are no such units in these areas. • The numbers in each table don’t always add up due to reporting idiosyncrasies, such as Fractional Sales, Garages, Co-listings, Leases and other ways to report a transaction. • Information is deemed to be reliable, but is not guaranteed. Readers should confirm the accuracy of the reported numbers with a licensed real estate agent. www.bhhssunvalley.com


ENTIRE SUN VALLEY MARKET // 2020 Entire Market 2020

% Chg v 2019

2019

2018

2017

Sales

1286

+37%

941

981

934

Sold $ Volume

$1.244B

+94%

$641M

$660M

$627M

Avg Sold Price

$967,000

+42%

$681,000

$673,000

$671,000

New Listings

1620

-6%

1732

1707

1795

2020

% Chg v 2019

2019

2018

2017

Sales

459

+20%

383

439

405

Sold $ Volume

$664M

+87%

$354M

$375M

$346M

Avg Sold Price

$1.45M

+57%

$925,000

$855,000

$855,000

New Listings

590

-5%

618

691

758

2020

% Chg v 2019

2019

2018

2017

Sales

380

+27%

299

319

302

Sold $ Volume

$288M

+71%

$168M

$178M

$171M

Avg Sold Price

$758,000

+35%

$561,000

$557,000

$567,000

New Listings

470

+17%

401

417

417

2020

% Chg v 2019

2019

2018

2017

Sales

336

+92%

175

155

153

Sold $ Volume

$185M

+256%

$52M

$47M

$48M

Avg Sold Price

$551,000

+86%

$297,000

$306,000

$314,000

New Listings

422

-20%

528

442

479

Residential Homes

Condos/Townhomes

Vacant Land

HIGHEST-PRICED SALE: $23,000,000 // AVERAGE DAYS ON MARKET: 199


ENTIRE MARKET, CONTINUED // 2020 Commercial Sales 2020

% Chg v 2019

2019

2018

2017

Sales

50

+16%

43

33

51

Sold $ Volume

$43M

+36%

$32M

$23M

$31M

Avg Sold Price

$860,000

+17%

$736,000

$703,000

$599,000

New Listings

72

-31%

104

85

87

2020

% Chg v 2019

2019

2018

2017

Sales

16

+60%

10

7

7

Sold $ Volume

$29M

+136%

$12.3M

$13.2M

$22.2M

Avg Sold Price

$1.8M

+46%

$1.23M

$1.9M

$3.2M

New Listings

26

-47%

49

37

35

Farm & Ranch

Luxury Residential (Residential Properties Listed at $2.5M or higher) 2020

% Chg v 2019

2019

2018

2017

Sales

92

+179%

33

37

35

Sold $ Volume

$390M

+217%

$123M

$135M

$145M

Avg Sold Price

$4.3M

+16%

$3.7M

$

$4.1M

New Listings

168

+37%

121

125

109

Resort Core (Ketchum, Warm Springs, Sun Valley Village, Elkhorn) 2020

% Chg v 2019

2019

2018

2017

Sales

555

+39%

400

391

388

Sold $ Volume

$703M

+82%

$386M

$370M

$347M

Avg Sold Price

$1.3M

+35%

$965,000

$947,000

$964,000

New Listings

654

+6%

620

667

668


NORTH OF KETCHUM // 2020 Entire Market 2020

% Chg v 2019

2019

2018

2017

Sales

21

+91%

11

30

17

Sold $ Volume

$64M

+437%

$11.9M

$42M

$31M

Avg Sold Price

$3.0M

+172%

$1.1M

$1.4M

$1.8M

New Listings

32

+19%

27

32

47

2020

% Chg v 2019

2019

2018

2017

Sales

12

+50%

8

24

11

Sold $ Volume

$32M

+198%

$10.6M

$33.8M

$18.8M

Avg Sold Price

$2.7M

+108%

$1.3M

$1.4M

$1.7M

New Listings

16

+24%

21

22

33

2020

% Chg v 2019

2019

2018

2017

Sales

8

+167%

3

5

6

Sold $ Volume

$31M

+2325%

$1.3M

$6.6M

$12.2M

Avg Sold Price

$3.9M

+803%

$432,000

$1.3M

$2M

New Listings

15

+150%

6

8

14

Residential Homes

Vacant Land

HIGHEST-PRICED SALE: $23,000,000 // AVERAGE DAYS ON MARKET: 351


NORTH OF KETCHUM // 2020 Our brokerage’s notable sales

107 Chocolate Gulch | Seller

13294 Highway 75 | Buyer

202 Chocolate Gulch | Seller

121 Old Mill Rd | Seller

115 Lake Creek | Seller and Buyer

122 Old Mill Rd | Seller


KETCHUM // 2020 Entire Market 2020

% Chg v 2019

2019

2018

2017

Sales

225

+45%

155

151

161

Sold $ Volume

$353M

+104%

$173M

$162M

$198M

Avg Sold Price

$1.6M

+45%

$1.1M

$1.1M

$1.2M

New Listings

294

+11%

264

302

260

2020

% Chg v 2019

2019

2018

2017

Sales

47

+52%

31

22

33

Sold $ Volume

$153M

+130%

$67M

$42M

$80M

Avg Sold Price

$3.3M

+57%

$2.1M

$1.9M

$2.4M

New Listings

63

+7%

59

80

69

2020

% Chg v 2019

2019

2018

2017

Sales

134

+49%

90

101

101

Sold $ Volume

$147M

+100%

$73M

$81M

$92M

Avg Sold Price

$1.1M

+35%

$813,000

$802,000

$908,000

New Listings

167

+13%

148

141

136

2020

% Chg v 2019

2019

2018

2017

Sales

8

+100%

4

6

7

Sold $ Volume

$17M

+100%

$8.5M

$13.7M

$4.7M

Avg Sold Price

$2.1M

+0%

$2.1M

$2.3M

$675,000

New Listings

20

-13%

23

31

11

Residential Homes

Condos/Townhomes

Vacant Land

HIGHEST-PRICED SALE: $18,000,000 // AVERAGE DAYS ON MARKET: 181


KETCHUM // 2020 Our brokerage’s notable sales

140 Bear Lane | Seller and Buyer

125 Sheep Meadow | Buyer

406 Limelight | Seller and Buyer

100 N 7th | Seller and Buyer

355 N Bigwood | Seller

600 E Walnut | Seller


WARM SPRINGS // 2020 Entire Market 2020

% Chg v 2019

2019

2018

2017

Sales

95

+5%

75

72

70

Sold $ Volume

$90M

+70%

$53M

$65M

$49M

Avg Sold Price

$947,000

+34%

$707,000

$906,000

$697,000

New Listings

114

+6%

108

138

129

2020

% Chg v 2019

2019

2018

2017

Sales

19

-32%

28

26

26

Sold $ Volume

$36M

+7%

$34M

$44M

$25.3M

Avg Sold Price

$1.9M

+58%

$1.2M

$1.7M

$973,000

New Listings

29

-12%

33

43

51

2020

% Chg v 2019

2019

2018

2017

Sales

58

+53%

38

37

40

Sold $ Volume

$43M

+189%

$14.9M

$17.7M

$21.2M

Avg Sold Price

$741,000

+88%

$394,000

$479,000

$530,000

New Listings

66

+29%

51

61

55

2020

% Chg v 2019

2019

2018

2017

Sales

12

+50%

8

5

3

Sold $ Volume

$8.9M

+108%

$4.3M

$2.9M

$978,500

Avg Sold Price

$741,000

+37%

$539,000

$574,000

$326,000

New Listings

13

-31%

19

27

20

Residential Homes

Condos/Townhomes

Vacant Land

HIGHEST-PRICED SALE: $3,900,000 // AVERAGE DAYS ON MARKET: 195


WARM SPRINGS // 2020 Our brokerage’s notable sales

116 Howard | Seller and Buyer

241 Lloyd Court | Seller

240 Lloyd Cour | Buyert

321 Georginia | Seller

Prospector 125 | Seller and Buyer

331 Georginia | Buyer


SUN VALLEY VILLAGE // 2020 Entire Market 2020

% Chg v 2019

2019

2018

2017

Sales

98

+49%

66

64

62

Sold $ Volume

$146M

+75%

$84M

$75M

$68M

Avg Sold Price

$1.5M

+15%

$1.3M

$1.2M

$1.1M

New Listings

99

-9%

111

92

118

2020

% Chg v 2019

2019

2018

2017

Sales

20

+18%

17

14

23

Sold $ Volume

$67M

+64%

$41M

$37M

$43M

Avg Sold Price

$3.4M

+42%

$2.4M

$2.6M

$1.9M

New Listings

29

+12%

26

21

39

2020

% Chg v 2019

2019

2018

2017

Sales

44

+7%

41

41

32

Sold $ Volume

$29M

-11%

$32.3M

$26.3M

$15.6M

Avg Sold Price

$659,000

-16%

$788,000

$641,000

$488,000

New Listings

45

-6%

48

54

50

2020

% Chg v 2019

2019

2018

2017

Sales

30

+900%

3

5

6

Sold $ Volume

$45M

+1390%

$3.0M

$6.6M

$6.6M

Avg Sold Price

$1.5M

+50%

$1.0M

$1.3M

$1.1M

New Listings

23

-30%

33

12

28

Residential Homes

Condos/Townhomes

Vacant Land

HIGHEST-PRICED SALE: $8,350,000 // AVERAGE DAYS ON MARKET: 187


SUN VALLEY VILLAGE // 2020 Our brokerage’s notable sales

18 W Lane Ranch | Seller

Z Heart Ranch | Seller and Buyer

602 Nez Perce | Seler

704 Teheya | Seller

100 Fairway Dr | Buyer

Lane Ranch North 1 | Seller


ELKHORN //

2020

Entire Market 2020

% Chg v 2019

2019

2018

2017

Sales

137

+32%

104

104

95

Sold $ Volume

$77M

+48%

$77M

$68M

$60M

Avg Sold Price

$562,000

-24%

$736,500

$649,000

$628,000

New Listings

147

+7%

137

135

161

2020

% Chg v 2019

2019

2018

2017

Sales

33

+22%

27

21

18

Sold $ Volume

$53M

+26%

$42M

$30M

$27M

Avg Sold Price

$1.6M

+0%

$1.6M

$1.4M

$1.5M

New Listings

29

-15%

34

33

51

2020

% Chg v 2019

2019

2018

2017

Sales

86

+16%

74

82

69

Sold $ Volume

$51M

+53%

33.6M

$37.7M

$29.1M

Avg Sold Price

$593,000

+31%

$454,000

$460,000

$422,000

New Listings

99

+21%

82

86

90

2020

% Chg v 2019

2019

2018

2017

Sales

17

+750%

2

1

3

Sold $ Volume

$8.2M

+909%

$815,000

$315,000

$2.1M

Avg Sold Price

$482,000

+16%

$407,500

$315,000

$704,000

New Listings

19

+6%

18

15

16

Residential Homes

Condos/Townhomes

Vacant Land

HIGHEST-PRICED SALE: $4,300,000 // AVERAGE DAYS ON MARKET: 133


ELKHORN // 2020 Our brokerage’s notable sales

105 Arrowleaf | Seller and Buyer

719 Morning Star | Seller

106 Camas | Buyer

4508 Legends | Seller

209 Camas | Seller

106 Elkhorn | Seller and Buyer


SOUTH OF KETCHUM // 2020 Entire Market 2020

% Chg v 2019

2019

2018

2017

Sales

151

+140%

63

68

67

Sold $ Volume

$222M

+259%

$62M

$74M

$72M

Avg Sold Price

$1.5M

+53%

$982,000

$1.1M

$1.1M

New Listings

186

-4%

192

183

209

2020

% Chg v 2019

2019

2018

2017

Sales

79

+103%

39

52

44

Sold $ Volume

$173M

+231%

$52M

$69M

$64M

Avg Sold Price

$2.2M

+69%

$1.3M

$1.3M

$1.4M

New Listings

108

-4%

111

115

117

2020

% Chg v 2019

2019

2018

2017

Sales

64

+178%

23

14

23

Sold $ Volume

$36M

+298%

$9.1M

$4.2M

$8.2M

Avg Sold Price

$563,000

+42%

$397,000

$303,000

$358,000

New Listings

69

-8%

75

58

89

Residential Homes

Vacant Land

HIGHEST-PRICED SALE: $9,250,000 // AVERAGE DAYS ON MARKET: 295


SOUTH OF KETCHUM // 2020 Our brokerage’s notable sales

301 Wall St | Seller

101 Grove Creek | Seller

35 Copper Creek Rd | Seller

30 & 32 Osprey | Seller

106 Greenhorn | Seller

406 Canyon | Seller


HAILEY // 2020 Entire Market 2020

% Chg v 2019

2019

2018

2017

Sales

327

+23%

265

276

272

Sold $ Volume

$144M

+44%

$100M

$105M

$88M

Avg Sold Price

$440,000

+17%

$376,000

$382,000

$324,000

New Listings

408

-8%

444

453

444

2020

% Chg v 2019

2019

2018

2017

Sales

135

-2%

138

169

139

Sold $ Volume

$88M

+35%

$65M

$78M

$59M

Avg Sold Price

$652,000

+49%

$438,000

$461,000

$421,000

New Listings

184

+0%

184

221

210

2020

% Chg v 2019

2019

2018

2017

Sales

53

-4%

55

54

58

Sold $ Volume

$15.7M

+17%

$13.5M

$12.5M

$13.3M

Avg Sold Price

$296,000

+21%

$245,000

$231,000

$230,000

New Listings

88

+24%

71

70

82

2020

% Chg v 2019

2019

2018

2017

Sales

114

+123%

51

38

45

Sold $ Volume

$25M

+127%

$10.9M

$5.9M

$7.2M

Avg Sold Price

$219,000

+2%

$215,000

$157,000

$160,000

New Listings

103

-30%

148

128

121

Residential Homes

Condos/Townhomes

Vacant Land

HIGHEST-PRICED SALE: $3,725,000 // AVERAGE DAYS ON MARKET: 184


HAILEY // 2020 Our brokerage’s notable sales

214 Red Devil | Buyer

50 Rancho Cielo | Seller

98 Broadford Rd | Seller and Buyer

641 Deertrail | Seller

78 Pioneer View | Seller

1411 Northridge | Seller


BELLEVUE & BEYOND // 2020 Entire Market 2020

% Chg v 2019

2019

2018

2017

Sales

121

+8%

112

101

97

Sold $ Volume

$50M

+33%

$38M

$32M

$39M

Avg Sold Price

$413,000

+22%

$338,000

$314,000

$405,000

New Listings

215

-10%

239

186

217

2020

% Chg v 2019

2019

2018

2017

Sales

49

+17%

58

62

65

Sold $ Volume

$25M

+23%

$26M

$24M

$22M

Avg Sold Price

$510,000

+15%

$442,000

$382,000

$332,000

New Listings

69

-4%

95

93

109

2020

% Chg v 2019

2019

2018

2017

Sales

42

-11%

47

29

25

Sold $ Volume

$5.7M

-26%

$7.6M

$2.9M

$2.6M

Avg Sold Price

$136,000

-16%

$162,000

$102,500

$105,000

New Listings

102

+12%

91

66

82

Residential Homes

Vacant Land

HIGHEST-PRICED SALE: $5,800,000 // AVERAGE DAYS ON MARKET: 180


BELLEVUE & BEYOND // 2020 Our brokerage’s notable sales

110 Equus | Seller

9 Wyatt | Seller

100 Trout Lane | Buyer

110 Ridgeview | Seller

10 Mule Shoe | Seller and Buyer

Strahorn Development | Seller


CUSTER COUNTY // 2020 Entire Market 2020

% Chg v 2019

2019

2018

2017

Sales

38

+9%

35

43

42

Sold $ Volume

$21M

+23%

$17.2M

$15.8M

$8.2M

Avg Sold Price

$552,000

+12%

$492,000

$368,000

$194,000

New Listings

28

-50%

56

52

77

2020

% Chg v 2019

2019

2018

2017

Sales

20

+67%

12

18

22

Sold $ Volume

$11.8M

+65%

$7.1M

$9.9M

$5.3M

Avg Sold Price

$590,000

-1%

$594,000

$555,000

$241,000

New Listings

13

-19%

16

21

27

2020

% Chg v 2019

2019

2018

2017

Sales

12

-67%

17

20

16

Sold $ Volume

$2.5M

+8%

$2.3M

$2.2M

$1.3M

Avg Sold Price

$208,000

+54%

$135,000

$108,000

$79,000

New Listings

9

-67%

27

24

38

Residential Homes

Vacant Land

HIGHEST-PRICED SALE: $2,700,000 // AVERAGE DAYS ON MARKET: 352


CUSTER COUNTY / 2020 Our brokerage’s notable sales

109 Rock Lane | Seller

Valley View | Seller and Buyer

Cabin Creek | Seller

Valley View 2 | Seller

110 Galena Way | Seller

Cabin Creek 2 | Seller


A better real estate experience.

Sue Engelmann 360 East Ave N Ste 100, Ketchum, ID 208.726.0680 | 208.720.3318 sue@sueengelmann.com

www.sueengelmann.com Š 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 Ž. Equal Housing Opportunity.

Profile for Sue Engelmann

Sun Valley Market Report for Real Estate in 2020  

What a year! This report looks at each of Sun Valley's micro-markets and property types. Call me with any questions or to get more insights...

Sun Valley Market Report for Real Estate in 2020  

What a year! This report looks at each of Sun Valley's micro-markets and property types. Call me with any questions or to get more insights...