February Real Estate Update | Sun Valley

SUN VALLEY REAL ESTATE MARKET REPORT FEBRUARY 2022

SUN VALLEY MLS THROUGH FEBRUARY 2022 Entire Market—All Properties in Blaine & Custer Counties Sales

Sold $ Volume

New Listings

Median List Price

February

55 (-38%)*

$83M (+6%)

72 (-19%)

$875,000 (+38%)

2022 YTD

130 (-29%)**

$161M (-13%)

130 (-33%)

$875,000 (+18%)

Residential Homes

* % Change figures are compared to February 2021 ** % Change figures are compared to the same point in 2021

Sales

Sold $ Volume

New Listings

Median List Price

February

19 (+6%)

$32M (+37%)

19 (-32%)

$750,000 (-41%)

2022 YTD

41 (-18%)

$55M (-38%)

33 (-48%)

$780,000 (-21%)

Condos/Townhomes/Duplexes Sales

Sold $ Volume

New Listings

Median List Price

February

17 (-32%)

$23M (-16%)

26 (-7%)

$1.7M (+168%)

2022 YTD

41 (-11%)

$47M (-5%)

44 (-10%)

$1.28M (+87%)

SUN VALLEY MLS THROUGH FEBRUARY 2022 Vacant Land Sales

Sold $ Volume

New Listings

Median List Price

February

13 (-68%)

$10M (-36%)

21 (-13%)

$475,000 (+20%)

2022 YTD

27 (-63%)

$21M (-27%)

39 (-37%)

$439,000 (+11%)

Commercial (Does not include commercial leases) Sales

Sold $ Volume

New Listings

Median List Price

February

1 (-67%)

$1.3M (-60%)

3 (-50%)

$695,000 (-48%)

2022 YTD

10 (+100%)

$9.3M (+106%)

8 (-27%)

$1.58M (+59%)

Luxury Residential ($2.5M+ Sale/List Price Homes, Condos & TH) Sales

Sold $ Volume

New Listings

Median List Price

February

4 (-20%)

$18M (+6%)

8 (-39%)

$3.4M (+1%)

2022 YTD

7 (-42%)

$29M (-53%)

12 (-48%)

$3.5M (-14%)

ONE THING TO KNOW

• It should come as little surprise that after two months, 2022’s are already lagging quite a ways behind 2021’s record pace. The historically limited inventory will limit the amount of possible closings for at least the next couple of months.

ONE NUMBER THAT JUMPS OUT

• The 10 commercial sales thus far in 2022 is worth considering. With all the discussion about remote working and office space, to have that many commercial sales in two months is a good sign for the local economy.

Available Inventory as of March 1 (Not Under Contract) Number

Listing $ Volume

Median List Price

Residential Listings $2.5M and higher

38

$249M

$5.2M

Residential Listings $1M to $2.499M

17

$27M

$1.5M

Residential Listings $999,999 and below

23

$14M

$500,000

Vacant Land

90

$105M

$462,000

Pending Activity in February

(Compared to pending activity in February 2021) Number

Pending $ Volume

Median List Price

Residential Homes

30 (+36%)

$48M (+77%)

$743,000 (-18%)

Condos/Townhomes

19 (-30%)

$33M (+14%)

$1.65M (+120%)

Vacant Land

21 (-77%)

$35M (+67%)

$395,000 (+46%)

North of Ketchum Highest Residential Sale in February (List Price).........$1,550,000 Highest Vacant Land Sale in February (List Price).....N/A Resort Core (Ketchum, Warm Springs, Sun Valley and Elkhorn) Highest Residential Sale in February (List Price).........$6,990,000 Highest Vacant Land Sale in February (List Price).....$3,495,000 South of Ketchum Highest Residential Sale in February (List Price).........$3,375,000 Highest Vacant Land Sale in February (List Price).....$645,000 South Valley (Hailey, Bellevue and Beyond) Highest Residential Sale in February (List Price).........$1,825,000 Highest Vacant Land Sale in February (List Price).....$249,000

Selected Listings from Our Brokerage’s Inventory

1394 Dollar Meadow, Sun Valley 30 Lone Pine Rd, Valley Club $1,150,000 $895,000

Buster Back Ranch, Sawtooths $11,995,000

13404 Hwy 75, N of Ketchum $2,395,000

409 S Main St #4A, Ketchum $2,150,000

151 S Main St #409, Ketchum $6,700,000

View all BHHS Properties

201 Nez Perce, Indian Creek $650,000

460 N Main St, Ketchum Starting at $6,193,000

106 N Hiawatha, Hailey $1,100,000

3574 Ranch Condo, Elkhorn $899,000

221 S River St, Hailey $1,650,000

MARCH CALENDAR OF SUN VALLEY EVENTS 2 3 Fri’s 4 4&5 5 5 6 9 11 15 17 17 & 18 19 20 23 24 26

Pitts & Castillo (opera) | The Argyros (K) SV Culinary Institute Tour | SV Culinary (K) Bald Mountain Tour | Baldy Pauly Shore (comedy) | The Argyros (K) SV Suns Hockey | Campion Ice Center (H) The Approach & Girl Film (movies) | SV Opera (SV) Fred Hersch (piano) | The Argyros (K) Junior Ski Patrol Training | SV Resort (SV) Rocky Mtn Fly Highway (film) | The Comm Lib (K) Gallery Walk | Ketchum Art Galleries (K) We Banjo 3 | The Argyros (K) Early Sun Valley (lecture) | The Comm Lib (K) Full Moon Dinners | Galena Lodge Steve Soelberg (comedy) | SV Opera (SV) Allison Blackwell (opera) | The Argyros (K) BCRD Free Ski Day | Valley-wide Dante Elephante (music) | The Argyros (K) Dala (music) | The Argyros (K)

30-3

SV Film Festival | Various

)

A BETTER REAL ESTATE EXPERIENCE. 208.726.3411 | info@bhhssunvalley.com | www.bhhssunvalley.com

Information is deemed to be reliable but is not guaranteed. All figures sourced from the Sun Valley MLS March 1, 2022. © 2022 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.