SUN VALLEY
Real Estate Market Report
May 2023
SUN VALLEY MLS THROUGH MAY 2023
Entire Market All Properties in Blaine & Custer Counties
Residential Homes in Entire Market Condos/Townhomes/Duplexes in Entire Market Sales Sold $ Volume New Listings Median List Price May 46 ( -30%)* $51M ( -58%) 92 ( -35%) $1.03M (+30%) 2023 YTD 192 ( -47%)** $253M ( -48%) 339 ( -30%) $825,000 ( -3%)
2022 Sales Sold $ Volume New Listings Median List Price May 22 ( -4%) $31M ( -47%) 37 ( -34%) $1.98M (+98%) 2023 YTD 73 ( -35%) $136M ( -34%) 113 ( -29%) $1.33M (+13%) Sales Sold $ Volume New Listings Median List Price May 9 ( -61%) $13M ( -65%) 22 ( -41%) $794,000 (+3%) 2023 YTD 73 ( -37%) $86M ( -40%) 100 ( -31%) $794,000 ( -9%)
* % Change figures are compared to May 2022 ** % Change figures are compared to the same point in
SUN VALLEY MLS THROUGH MAY 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 May 9 ( -40%) $2.7M ( -87%) 24 ( -23%) $449,000 (+37%) 2023 YTD 26 ( -69%) $8.4M ( -86%) 80 ( -32%) $499,000 (+14%) Sales Sold $ Volume New Listings Median List Price May 4 (+33%) $2.5M ( -37%) 4 ( -60%) $2.9M (+197%) 2023 YTD 8 ( -63%) $5.2M ( -78%) 26 ( -4%) $1.05M (+11%) Sales Sold $ Volume New Listings Median List Price May 2 ( -83%) $15M ( -77%) 16 (0%) $5.6M ( -5%) 2023 YTD 18 ( -28%) $88M ( -42%) 39 ( -40%) $4.9M ( -7%)
RESORT CORE MARKETS THROUGH MAY 2023
Ketchum Market (includes all property types)
Warm Springs Market
Sun Valley Village Market
Elkhorn Market
Sales Sold $ Volume New Listings Median List Price May 6 (-46%) $8.8M (-68%) 9 (-50%) $2.48M (+100%) 2023 YTD 17 (-70%) $25M (-80%) 37 (-41%) $1.9M (+52%) Sales Sold $ Volume New Listings Median List Price May 1 (-50%) $1.8M (-3%) 4 (-33%) $1.83M (+5%) 2023 YTD 16 (-20%) $34M (+63%) 20 (-23%) $148M (-11%) Sales Sold $ Volume New Listings Median List Price May 1 (0%) $900,000 (-25%) 4 (-50%) $2.3M (+140%) 2023 YTD 11 (-15%) $23M (-25%) 14 (-59%) $2.14M (-14%) Sales Sold $ Volume New Listings Median List Price May 4 (-64%) $6.2M (-76%) 5 (-44%) $729,000 (-27%) 2023 YTD 27 (-39%) $45M (-35%) 30 (-46%) $877,000 (-30%)
OTHER LOCAL MARKETS THROUGH MAY 2023
North of Ketchum Market (includes all property types)
South of Ketchum Market
Sales Sold $ Volume New Listings Median List Price May 0 ( -100%) $0 ( -100%) 7 (+250%) $4.5M (+18%) 2023 YTD 2 ( -60%) $11M ( -74%) 8 (+100%) $4.0M ( -23%) Sales Sold $ Volume New Listings Median List Price May 2 ( -50%) $3.6M ( -29%) 15 (+50%) $1.85M ( -47%) 2023 YTD 16 ( -39%) $28M ( -30%) 46 (+15%) $1.77M (0%)
Market
Gannett, Picabo) Custer County (Stanley, Challis, Mackay, Sawtooth City) Sales Sold $ Volume New Listings Median List Price May 17 ( -19%) $12M ( -30%) 25 ( -46%) $649,000 ( -13%) 2023 YTD 57 ( -51%) $47M ( -44%) 93 ( -34%) $625,000 (+2%) Sales Sold $ Volume New Listings Median List Price May 10 (+43%) $6.7M ( -72%) 10 ( -29%) $815,000 (+38%) 2023 YTD 26 ( -49%) $18M ( -65%) 39 ( -39%) $675,000 (+25%) Sales Sold $ Volume New Listings Median List Price May 0 ( -100%) $0 ( -100%) 3 ( -25%) $1.48M (+236%) 2023 YTD 2 ( -71%) $4.3M (+45%) 11 (0%) $699,000 ( -28%)
Hailey
Bellevue & Beyond Market (includes Carey, Magic,
AVAILABLE INVENTORY AS OF JUNE 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. Totals do not add up accurately due to co -listings and out -of -area listings that are listed in our MLS.
Area Market Homes Condos/TH Vacant Land Pending in May North of Ketchum 9 N/A 1 1 Avg List Price $6.22M N/A $399,000 $14.9M Ketchum/Warm Springs 14 27 2 7 Avg List Price $8.0M $2.82M $2.7M $1.67M Sun Valley/Elkhorn 6 15 5 7 Avg List Price $4.8M $931,000 $1.67M $878,000 South of Ketchum 15 N/A 35 3 Avg List Price $5.19M N/A $1.16M $2.08M Hailey 12 17 23 11 Avg List Price $1.66M $774,000 $770,000 $635,000 Bellevue & South 14 N/A 17 12 Avg List Price $1.24M N/A $856,000 $705,000 Custer County 2 N/A 8 1 Avg List Price $867,000 N/A $1.59M $995,000 TOTALS* 82 61 129 44 Avg List Price $3.9M $1.71M $937,000 $1.28M
SELECTED LISTINGS FROM OUR INVENTORY
190 Valleywood, Ketchum $545,000
460 N Main St, Ketchum Starting at $5,950,000
View All Sun Valley Area Properties
106 N Hiawatha Dr, Hailey $950,000
18 Streamside, Valley Club $695,000 116 Deer Valley, North of Hailey $445,000
780 N 4th Ave, Ketchum (2 units)
$5,495,000
& $5,295,000 118 Wall St, Gimlet $7,950,000
$5,475,000
100 Stoneridge Rd, Ketchum
© 2023 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeSer vic es 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 June 1, 20
23.
111 Pioneer Mtn Dr, East Fork $5,995,000
109 Aspen Lakes Dr, N of Hailey
$1,850,000
321 S Leadville Ave K, Ketchum
$2,475,000
JUNE CALENDAR OF SUN VALLEY EVENTS 208.726.3411 info@bhhssunvalley.com www.bhhssunvalley.com 1 Wood River Trails Season Kick -Off | Elephant’s Perch (K) 1 “My Pioneer Cabin Story” | Todd Schwarz @ CommLib (K) 3 Papoose Club Plant Extravaganza | Webb Nursery (B) 5 Mexico en el Corazon (dance) | Sun Valley Pavilion (SV) 6 8600 FT: An Evening with Braydon Bringhurst | Agryros (K) 10 Hailey Farmers Market begins | McKercher Park (H) 14 Ketchum Farmers Market begins | Forest Service Park (K) 16 Galena Bike ‘n’ Hike Night | Galena Lodge 17 Sun Valley Brewfest | Festival Meadow (K) 18 Jazz in the Park begins | Rotary Park (K) 20 -23 Sun Valley Forum | Argyros (K) 20 Summer Solstice | Warm Springs Preserve (WS) 22 -25 Sawtooth Valley Gathering | Stanley 22 -29 Sun Valley Jewish Film Festival | CommLib (K) 25 Elle King & The Michigan Rattlers (music) | SV Pavilion (SV) 27 -30 Sun Valley Wine Auction | Various Locations 27 Ketch’em Alive begins | Forest Service Park (K) 29 Hailey Live begins | Hop Porter Park (H) 30 Hemingway Distinguished Lecture | Com Lib (K) FOR A BETTER REAL ESTATE EXPERIENCE.