SUN VALLEY
Real Estate Market Report July 2023
SUN VALLEY MLS THROUGH JULY 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 July 41 ( -27%)* $64M (+22%) 170 (+34%) $792,000 ( -10%) 2023 YTD 294 ( -40%)** $421M ( -28 %) 679 ( -14%) $910,000 (+7%)
% Change
2022
% Change
in 2022 Sales Sold $ Volume New Listings Median List Price July 10 ( -61%) $ 37M (+34%) 51 (+11%) $2.75M (+90%) 2023 YTD 105 ( -36%) $241M ( -6%) 232 ( -16%) $ 1.79M (+52%) Sales Sold $ Volume New Listings Median List Price July 2 1 (+31%) $22M (+94%) 41 ( -7%) $1.12M (+37%) 2023 YTD 1 1 3 ( -24%) $133M ( -23%) 179 ( -24%) $935,000 (+7%)
*
figures are compared to July
**
figures are compared to the same point
SUN VALLEY MLS THROUGH JULY 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 July 7 ( -22%) $1.7M ( -84%) 68 (+143%) $283,000 ( -14%) 2023 YTD 45 ( -57%) $15M ( -88%) 186 (0%) $399,000 ( -9%) Sales Sold $ Volume New Listings Median List Price July 2 (+100%) $739,000 ( -47 %) 5 (+67%) $4.25M (+347 %) 2023 YTD 1 2 ( -67%) $6.3M ( -77%) 41 (+11%) $ 1.5M (+58%) Sales Sold $ Volume New Listings Median List Price July 4 (+33%) $31M (+248%) 36 (+192%) $4.79M (+8%) 2023 YTD 2 8 ( -3%) $171M (+6%) 106 (+1%) $ 4.92M ( -7%)
RESORT CORE MARKETS THROUGH JULY 2023
Ketchum Market (includes all property types)
Warm Springs Market
Sun Valley Village Market
Elkhorn Market
Sales Sold $ Volume New Listings Median List Price July 7 (0%) $24M (+298%) 32 (+39%) $4.75M (+377%) 2023 YTD 31 (-56%) $75M (-48%) 100 (-11%) $2.56M (+108%) Sales Sold $ Volume New Listings Median List Price July 5 (+150%) $11.2M (+434%) 6 (-33%) $1.1M (-8%) 2023 YTD 24 (-4%) $55M (+121%) 37 (-30%) $1.99M (+20%) Sales Sold $ Volume New Listings Median List Price July 1 (-75%) $600,000 (-91%) 8 (+700%) $4.24M (+174%) 2023 YTD 14 (-30%) $26M (-34%) 14 (-59%) $2.89M (+16%) Sales Sold $ Volume New Listings Median List Price July 7 (+40%) $8.9M (+1%) 16 (+14%) $1.25M (+43%) 2023 YTD 41 (-21%) $64M (-21%) 62 (-29%) $1.40M (+12%)
OTHER LOCAL MARKETS THROUGH JULY 2023
North of Ketchum Market (includes all property types)
South of Ketchum Market
Sales Sold $ Volume New Listings Median List Price July 0 ( -0%) $0 (0 %) 5 (+67%) $2.95M ( -40%) 2023 YTD 3 ( -40 %) $26M ( -38%) 1 5 (+50%) $2.95M ( -40%) Sales Sold $ Volume New Listings Median List Price July 1 ( -86%) $5.9M ( -48%) 12 ( -14%) $2.65M (+38%) 2023 YTD 21 ( -45%) $50M ( -10 %) 89 (+29%) $ 1.99M (+18%)
Custer County (Stanley, Challis, Mackay, Sawtooth City) Sales Sold $ Volume New Listings Median List Price July 13 ( -24%) $8.9M ( -28%) 36 (+24%) $365,000 ( -54%) 2023 YTD 8 7 ( -44%) $67M ( -41%) 1 63 ( -23%) $ 619,000 (+7%) Sales Sold $ Volume New Listings Median List Price July 2 ( -78%) $1.3M ( -68%) 13 (+30%) $789,000 (+70%) 2023 YTD 41 ( -42%) $27M ( -57%) 65 ( -34%) $ 695,000 (+29%) Sales Sold $ Volume New Listings Median List Price July 1 (+100 %) $2.48M (+100 %) 7 (+250%) $399,000 ( -13%) 2023 YTD 3 (+100%) $5.7M (+100%) 17 (+183%) $699,000 ( -7%)
Hailey Market Bellevue & Beyond Market (includes Carey, Magic, Gannett, Picabo)
AVAILABLE INVENTORY AS OF AUGUST 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
• ** Nearly 70 Vacant Land listings are in our MLS but outside of the area, in Gooding, Buhl, and beyond.
Area Market Residential Homes Condos/ Townhomes Vacant Land Total Pending Activity in July North of Ketchum 1 1 N/A 3 1 Avg List Price $ 6.59M N/A $1.91M $4.28M Ketchum/Warm Springs 25 41 9 1 5 Avg List Price $6.41M $3.49M $2.61M $ 1.79M Sun Valley/Elkhorn 1 8 19 7 1 0 Avg List Price $ 4.79M $1.64M $ 1.87M $1.55M South of Ketchum 33 N/A 42 7 Avg List Price $4.28M N/A $ 1.27M $ 2.85M Hailey 16 20 38 22 Avg List Price $2.03M $ 785,000 $572,000 $ 695,000 Bellevue & South 12 N/A 23 14 Avg List Price $ 1.43M N/A $ 801,000 $980,000 Custer County 3 N/A 1 7 0 Avg List Price $1.13M N/A $959,000 $0 TOTALS* 132 84 203** 78 Avg List Price $ 3.96M $2.28M $884,000 $ 1.25M
SELECTED LISTINGS FROM OUR INVENTORY
460 E 1 st St, Ketchum $6,750 ,000
202 Bird Dr, West Ketchum $4,150,000
View All Sun Valley Area Properties
231 Huffman, Warm Springs $8,300,000
318 Wall St, Gimlet $5,995,000
302 David St, Picabo $1,599,000
780 N 4th Ave, Ketchum (2 units) $5,495,000 & $5,295,000
207 Lupine, Elkhorn $4,700,000
109 Aspen Lakes, Flying Heart $1,850,000
© 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 July 1, 20 23.
1100 W Canyon Run, Warm Springs $6,750,000
71 Covey Run Dr, S of Ketchum $ 4,549,000
120 N 2nd Ave, Ketchum $1,495,000
AUGUST CALENDAR OF SUN VALLEY EVENTS 208.726.3411 info@bhhssunvalley.com www.bhhssunvalley.com 1 -24 Sun Valley Summer Music Festival runs thru August 24 2, 9... River Run Summer Series, every Wednesday evening 3 Hemingway’s Sun Valley (lecture) | ComLib (K) 4 Gallery Walk | Various Art Galleries in Ketchum 5 Men’s Second Chance Living Pickleball Tournament 5 Sun Valley Ice Show | SV Ice Center 9 Musical Landscapes with Jared Farmer | ComLib (K) 10 The Wood Brothers and the Infamous Stringdusters | RR 10 & 11 Isabella Boylston (ballet) | The Argyros (K) 11 -13 Sun Valley Arts & Crafts Festival | Atkinson Park (K) 12 Sun Valley Ice Show | SV Ice Center 18 & 19 Artists’ Studio Tour of the Wood River Valley | Valley -wide 18 Galena Bike -n -Hike Night | Galena Lodge 19 Tom Petty Tribute Band | River Run Lodge (K) 22 Billy Currington (country music) | SV Pavilion 22 Flourish Foundations Annual Luncheon | Limelight (K) 24 Covenant of the Salmon People (doc) | SV Opera House 26 Sun Valley Ice Show | SV Ice Center 31 -3 Rebecca’s Private Idaho 1 -3 Wagon Days (Sept) WE DELIVER A BETTER REAL ESTATE EXPERIENCE.