SUN VALLEY Real Estate Market Report
February 2023
SUN VALLEY MLS THROUGH FEBRUARY 2023
Entire Market All Properties in Blaine & Custer Counties
Residential Homes in Entire Market Condos/Townhomes/Duplexes
Market Sales Sold $ Volume New Listings Median List Price February 33 (-42%)* $57M (-32%) 61 (-22%) $825,000(+3%) 2023 YTD 57 (-59%)** $93M (-44%) 109 (-25%) $865,000(+2%)
% Change figures are compared to February 2022
% Change figures are compared to the same point in 2022 Sales Sold $ Volume New Listings Median List Price February 11 (-31%) $30M (+1%) 16 (-30%) $1.15M (+48%) 2023 YTD 18 (-54%) $50M (-6%) 33 (-18%) $1.15M (-2%) Sales Sold $ Volume New Listings Median List Price February 14 (-33%) $20M (-24%) 25 (-4%) $650,000 (-62%) 2023 YTD 28 (-40%) $35M (-34%) 42 (-7%) $753,000 (-14%)
in Entire
*
**
A note about the front cover photo: local snowplower Bruce McStay sculpted this heart on the snow pile near the River Run base the night before Valentine’s Day, a gift to his wife who is an avid heart-rock collector. To learn more about the story, visit the @bhhs_sunvalley Instagram and see our February 17 post.
SUN VALLEY MLS THROUGH FEBRUARY 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 February 4 (-70%) $1.6M (-84%) 14 (-36%) $810,000 (+45%) 2023 YTD 6 (-80%) $2.5M (-89%) 24 (-40%) $710,000 (+63%) Sales Sold $ Volume New Listings Median List Price February 2 (+0%) $1.8M (+7%) 5 (+25%) $1.15M (+89%) 2023 YTD 3 (-73%) $2.1M (-78%) 8 (-11%) $1.15M (+20%) Sales Sold $ Volume New Listings Median List Price February 7 (+75%) $30M (+67%) 5 (-29%) $4.3M (+23%) 2023 YTD 9 (+50%) $47M (+74%) 11 (-15%) $4.0M (-24%)
RESORT CORE MARKETS THROUGH FEBRUARY 2023
Ketchum Market (includes all property types)
Warm Springs Market
Sun Valley Village Market
Elkhorn Market
Sales Sold $ Volume New Listings Median List Price February 2 (-85%) $3.4M (-89%) 7 (-30%) $2.7M (-13%) 2023 YTD 5 (-83%) $6.6M (-87%) 13 (-32%) $2.5M (+100%) Sales Sold $ Volume New Listings Median List Price February 5 (+100%) $12M (+100%) 4 (+100%) $1.2M (+42%) 2023 YTD 8 (+14%) $23M (+245%) 6 (-33%) $705,000 (-56%) Sales Sold $ Volume New Listings Median List Price February 4 (+33%) $7.3M (-1%) 4 (+33%) $1.5M (+24%) 2023 YTD 4 (-50%) $7.3M (-69%) 6 (-14%) $2.3M (+5%) Sales Sold $ Volume New Listings Median List Price February 6 (-14%) $16M (+19%) 3 (-82%) $2.25M (+13%) 2023 YTD 11 (-27%) $22M (+19%) 11 (-52%) $879,000 (-30%)
OTHER LOCAL MARKETS THROUGH FEBRUARY 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 February 1 (+0%) $3M (+107%) 0 (+0%) $0 (+0%) 2023 YTD 2 (+100%) $11M (+641%) 1 (+100%) $3.5M (-33%) Sales Sold $ Volume New Listings Median List Price February 3 (-63%) $4.8M (-88%) 8 (+14%) $1.3M (+34%) 2023 YTD 4 (-67%) $5.2M (-70%) 16 (+60%) $1.8M (+4%)
Sales Sold $ Volume New Listings Median List Price February 6 (-67%) $4.3M (-63%) 26 (+13%) $645,000 (+30%) 2023 YTD 12 (-71%) $8.5M (-71%) 35 (-24%) $650,000 (+5%) Sales Sold $ Volume New Listings Median List Price February 2 (+0%) $1.3M (+440%) 5 (-69%) $749,000 (+22%) 2023 YTD 5 (-64%) $3.5M (-49%) 7 (-67%) $749,000 (+39%) Sales Sold $ Volume New Listings Median List Price February 1 (-50%) $3.45M (+93%) 0 (+0%) $0 (+0%) 2023 YTD 1 (-75%) $3.45M (+45%) 1 (-50%) $895,000 (-8%)
AVAILABLE INVENTORY AS OF MARCH 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 7 N/A 0 Avg List Price $6.3M N/A $0 Ketchum/Warm Springs 17 27 6 Avg List Price $8.03M $3.3M $2.3M Sun Valley/Elkhorn 9 20 5 Avg List Price $3.7M $1M $1.3M South of Ketchum 15 N/A 30 Avg List Price $7.4M N/A $2.1M Hailey 11 17 14 Avg List Price $1.9M $640,000 $651,000 Bellevue & South 10 N/A 20 Avg List Price $1M N/A $777,000 Custer County 4 N/A 5 Avg List Price $3.4M N/A $2.3M TOTALS* 84 65 115 Avg List Price $4.6M $1.8M $1.2M
SELECTED LISTINGS FROM OUR INVENTORY
151 S Main St #409, Ketchum $6,700,000
125 Howard #1, Warm Springs $1,525,000
106 Blue Grouse, Elkhorn $4,950,000
321 S Leadville #K-105. Ketchum $2,695,000
116 Deer Valley Lane, Hailey $445,000
View All Sun Valley Area Properties
108 River Run, Warm Springs $3,500,000
125 Aspen Lakes Dr, N of Hailey $2,775,000
460 N Main St, Ketchum (4 units) $5,950,000 to $7,150,000
780 N 4th Ave, Ketchum (2 units) $5,495,000 & $5,295,000
106 N Hiawatha, North of Hailey $950,000
221 Picabo St, Warm Springs $285,000 (Fractional)
MARCH CALENDAR OF SUN VALLEY EVENTS 208.726.3411 info@bhhssunvalley.com www.bhhssunvalley.com ©
1,
1 The Moth (Storytelling) | The Argyros (K) 2, 9, 16.. SV Culinary Institute Tours | Every Thursday (K) 2 Warrior Women (Film and Q & A) | ComLib (K) 4 Apres Ski Food & Wine Celebration | Apples (WS) 4 The Dollar Holler Ski Comp | Dollar Mtn 4 & 5 Int’l Guitar Night | The Argyros (K) 5 Kindercup Ski Comp | Dollar Mtn 8 Int’l Women’s Day | River Run Lodge/Baldy 8 Reel Rock 17 (Film) | Wood River YMCA 10 SV Gallery Association Gallery Walk | Ketchum Art Galleries 11 -13 Demo Days | River Run Lodge/Baldy 11 Conrad Tai and Caleb Teicher (Piano) | The Argyros (K) 12 Higher Ground’s Muffy Davis Cup | Dollar Mtn 12 DAYLIGHT SAVING TIME BEGINS! 15-17 SV Music Festival Winter Season | The Argyros (K) 17 & 18 SV Suns (Hockey) | Campion Ice House (H) 22 BCRD Ski Free Day | Valley -wide 23 Music from Around the World | SV Opera House (SV) 26 Dollar Dayz Pond Skim | Dollar Mtn 26 San Jose Taiko (Japanese Music) | The Argyros (K) 29-2 Sun Valley Film Festival 30 -1 24th Annual Janss Pro -Am Ski Comp | Baldy
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 March
2023.