The First Half of 2021 | An Historical Look

SUN VALLEY REAL ESTATE MARKET REPORT JANUARY THROUGH JUNE

SUN VALLEY MARKET JAN 1 TO JUN 30 The purpose of this report is to illustrate how the Sun Valley market has taken off since the pandemic hit the area in March of 2020. Understandably, the numbers for 2020 (second row in the charts) are significantly skewed due to the virtual shutdown of real estate for three months.

The years of 2005 and 2006 are added for comparison’s sake, as they were the two most active years for real estate in Sun Valley history, prior to 2020.

What has resulted, from about July 1 2020 through today, is a dramatic increase in demand, list prices, sales prices, multiple offer situations, and sales over list price. The questions on everyone’s mind are: • Will this amplified activity last?

• Is this activity sustainable ?

• How will this activity impact our community?

These questions will only be answered in time. For now, here are the numbers.

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RESIDENTIAL HOME MARKET JAN 1 TO JUN 30

Sales

Sold $ Volume

Avg Sales Price

Active in Range

Highest Sales Price

Jan 1-Jun 30 2021

178

$268M

$1.505M

328

$14.25M

Jan 1-Jun 30 2020

103

$112.3M

$1.089M

481

$4.5M

Jan 1-Jun 30 2019

154

$140.9M

$915,000

638

$4.8M

Jan 1-Jun 30 2018

222

$179.1M

$807,000

771

$5.5M

Jun 1-Jun 30 2006

118

$130.2M

$1.103M

1017

$4.95M

Jun 1-Jun 30 2005

236

$192.5M

$816,000

911

$5.2M

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CONDO/TOWNHOME MARKET JAN 1 TO JUN 30

Sales

Sold $ Volume

Avg Sales Price

Active in Range

Highest Sales Price

Jan 1-Jun 30 2021

152

$138.1M

$915,000

233

$4.15M

Jan 1-Jun 30 2020

94

$65.8M

$700,000

353

$4.24M

Jan 1-Jun 30 2019

147

$77.8M

$529,000

339

$4.62M

Jan 1-Jun 30 2018

152

$81.8M

$538,000

398

$2.9M

Jun 1-Jun 30 2006

143

$99.9M

$698,000

576

$2.245M

Jun 1-Jun 30 2005

129

$81.2M

$629,000

484

$2.025M

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LUXURY RESIDENTIAL MARKET JAN 1 TO JUN 30 “Luxury” is defined as $2.5M+ List Price for Homes, Condos & Townhomes

Sales

Sold $ Volume

Avg Sales Price

Sales Over $4M

Highest Sales Price

Jan 1-Jun 30 2021

39

$163.1M

$4.183M

14

$14.25M

Jan 1-Jun 30 2020

16

$55.9M

$3.495M

5

$4.5M

Jan 1-Jun 30 2019

13

$46.9M

$3.6M

5

$4.8M

Jan 1-Jun 30 2018

16

$54.5M

$1M

4

$5.5M

Jun 1-Jun 30 2006

19

$65.7M

$3.458M

2

$4.95M

Jun 1-Jun 30 2005

13

$49.0M

$3.769M

1

$5.2M

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VACANT LAND MARKET JAN 1 TO JUN 30 Sales

Sold $ Volume

Avg Sales Price

Active in Range

Highest Sales Price

Jan 1-Jun 30 2021

277

$99.2M

$358,000

431

$3.5M

Jan 1-Jun 30 2020

70

$24.3M

$347,000

629

$3.6M

Jan 1-Jun 30 2019

64

$17.0M

$266,000

745

$2.5M

Jan 1-Jun 30 2018

69

$23.8M

$344,000

722

$3.2M

Jun 1-Jun 30 2006

83

$40.8M

$492,000

660

$3.6M

Jun 1-Jun 30 2005

129

$65.7M

$509,000

611

$1.6M

bhhssunvalley.com | 208.726.3411