Sun Valley Real Estate Market Update | January 2022

SUN VALLEY REAL ESTATE MARKET REPORT JANUARY 2022

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

Sold $ Volume

New Listings

Median List Price

January

74 (-18%)*

$78M (-20%)

55 (-42%)

$695,000 (-7%)

2022 YTD

74 (-18%)**

$78M (-20%)

55 (-42%)

$695,000 (-7%)

Residential Homes

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

Sales

Sold $ Volume

New Listings

Median List Price

January

22 (-29%)

$23M (-63%)

13 (-57%)

$780,000 (-21%)

2022 YTD

22 (-29%)

$23M (-63%)

13 (-57%)

$780,000 (-21%)

Sales

Sold $ Volume

New Listings

Median List Price

January

24 (+20%)

$25M (+46%)

18 (-5%)

$937,000 (+38%)

2022 YTD

24 (+20%)

$25M (+46%)

18 (-5%)

$937,000 (+38%)

Condos/Townhomes

SUN VALLEY MLS THROUGH JANUARY 2022 Vacant Land Sales

Sold $ Volume

New Listings

Median List Price

January

13 (-60%)

$10.5M (-24%)

17 (-55%)

$350,000 (-11%)

2022 YTD

13 (-60%)

$10.5M (-24%)

17 (-55%)

$350,000 (-11%)

Commercial (Does not include commercial leases) Sales

Sold $ Volume

New Listings

Median List Price

January

9 (+200%)

$7.9M (+474%)

5 (0%)

$1.95M (+96%)

2022 YTD

9 (+200%)

$7.9M (+474%)

5 (0%)

$1.95M (+96%)

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

Sold $ Volume

New Listings

Median List Price

January

3 (-57%)

$11M (-75%)

4 (-60%)

$4.5M (+14%)

2022 YTD

3 (-57%)

$11M (-75%)

4 (-60%)

$4.5M (+14%)

ONE THING TO KNOW

• After just one month there’s not a lot of data to report, so this report is truncated to give an overall snapshot, and not looking at every single market. If you want those numbers, just give a call!

ONE NUMBER THAT JUMPS OUT

• 55 new listings for the month is the lowest number the Sun Valley real estate market has ever seen (“beating” December 2021 by one listing). Inventory will certainly be the story for the next few months!

Current Available Inventory (Not Under Contract) Number

Listing $ Volume

Median List Price

Residential Listings $2.5M and higher

42

$267M

$5.0M

Residential Listings $1M to $2.499M

13

$20M

$1.5M

Residential Listings $999,999 and below

29

$17M

$525,000

Vacant Land

96

$119M

$429,000

Pending Activity in January

(Compared to pending activity in January 2021) Number

Pending $ Volume

Median List Price

Residential Homes

28 (-13%)

$51M (-23%)

$908,000 (-37%)

Condos/Townhomes

27(+17%)

$30M (+36%)

$895,000 (+58%)

Vacant Land

11 (-73%)

$7.8M (56-%)

$410,000 (+72%)

Highest Residential Sale in January (List Price).........$4,995,000 Highest Vacant Land Sale in January (List Price).....$2,500,000

Selected Listings from Our Brokerage’s Inventory

17 Quigley Dr, Hailey

221 S River St, Hailey

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

16 Rodeo Dr, Hailey

102 Nez Perce, Indian Creek

106 N Hiawatha, Hailey

3574 Ranch Condo, Elkhorn

View all BHHS Properties

Information is deemed to be reliable but is not guaranteed. All figures sourced from the Sun Valley MLS February 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.

FEBRUARY CALENDAR OF SUN VALLEY EVENTS 1-6 1 2 2 4-6 6-13 9 10 11 & 12 12 14 15 & 16 16 & 17 17-26 18 & 19 18 18 & 19 19 24-26 24

Boulder Mountain Festival | SNRA (North of K) New Moon Dinner | Sawtooth Botanical Garden (K) Fly Fishing Film Tour | SV Opera House (SV) An Evening with John Maclean | Comm Library (K) Banff Mountain Film Fest | Argyros (K) Hailey Snow Carving | Town Square (H) Take3 (music) | The Argyros (K) Jonah & Mary Hoskins (opera) | The Argyros (K) SV Suns Hockey | Campion Ice Center (H) Wynton Marsalis (sold out) | The Argyros (K) Valentine’s Day!!!

Int’l Guitar Night | The Argyros (K) Full Moon Dinner | Galena Lodge (North of K) Pass Over (theater) | The Spot (K) Stanley Winterfest | Stanley Gallery Walk | Ketchum Art Galleries SV Suns Hockey | Campion Ice Center (H) Extreme Skijouring | 81 Browning Lane (B) SV Winter Music Festival | The Argyros (K) The Band of Heathens & Nicki Bluhm | The Mint (H)

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