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Sun Valley market insights, statistics, and selected sales.
1 powerful brand, 34 professional agents.
SUN VALLEY SOTHEBY’S INTERNATIONAL REALTY
WE ARE
YEAR IN REVIEW2015
SUN VALLEY SOTHEBY’S INTERNATIONAL REALTY 2015 MARKET SHARE
Percent of volume sold.
22.9%
12.9% 12.2%
7.6%
SVSIR Competitor 1 Competitor 2 Competitor 3
22.9% of overall local market volume
2015 SUN VALLEY ENTIRE MARKET OVERVIEW
+9% over 2014+2%-6.4%+3.6%+6.8%
Cover page home in North of Ketchum, listed at $4.25m at time of sale.
All properties herein were listed by Sun Valley Sotheby’s International Realty. Prices are the list price at time of sale. All fig-ures taken from the Sun Valley Board of Realtors MLS. The Sun Valley Board of Realtors or Sun Valley Sotheby’s International Realty make no guarantees or is in any way responsible for the accuracy of the data contained herein.
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Each Office Is Independently Owned And Operated. An Equal Opportunity Company. Equal Housing Opportunity.
Number of SalesTotal Sold Volume
Avg Sold PriceMedian Sold PriceMedian List Price
2012738
$356,000,000$482,000$207,250$225,000
2013716
$299,000,000$418,000$257,000$269,000
2014669
$415,000,000$621,000$302,000$319,000
2015739
$425,000,000$575,000$313,000$330,000
Number of SalesTotal Sold Volume
Avg Sold PriceMedian Sold PriceMedian List Price
2012220
$128,000,000$580,000$335,500$350,000
2013201
$102,000,000$509,000$337,000$365,000
2014183
$137,000,000$746,000$440,000$475,000
2015219
$162,000,000$740,000$440,000$469,000
2015 SUN VALLEY SOTHEBY’S INTERNATIONAL REALTY
+16% over 2014+15%-1%NC-1%
A 16-YEAR HISTORY OF SUN VALLEY-AREA REAL ESTATE
$500m
$250m
$750m
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
$757.9
$900
$605.8
$307.1
$204.3
$288
$246.3
$355.8
$299.4
$415.3
$573.1
$565
$454.2
$354.2
$449.9
Sun Valley-areaReal Estate Volume Sold
2000-2015 (in millions of dollars)
All numbers taken from Sun Valley MLS.Graph not to scale.
2015
$425.1
Since the Recession, the Sun Valley real estate market has shown slow but steady growth. The lower production in 2013 was a result of two significant fires that brought much of Sun Valley and central Idaho to a standstill. The volume sold in 2015 is more than twice what was sold in 2009, and after three successive years of growth, we are expecting to see that trend continue in 2016.
The original destination ski resort, Sun Valley shows no signs of resting on its laurels. We have nonstop air service from Los Angeles, San Francisco, Seattle, Salt Lake City, and Denver, and two new boutique hotels with luxury top-floor residences are scheduled to be completed over the next two years. The Sun Valley Ski Resort continues to earn top-tier rankings, and the festivals and events increase in number and size every year. When you combine the uncrowded slopes, sophisticated yet down-to-earth cultural life, proximity to unlimited outdoor recreation, and ease of access, it becomes clear that
Sun Valley is the place to be.
NORTH OF KETCHUM
Number of SalesTotal Sold Volume
Average Sold PriceMedian Sold Price
201215
$35,874,125$2,391,608
$931,125
201310
$6,805,000$680,500$517,500
201418
$18,955,875$1,053,104
$780,000
201527
$40,438,750$1,497,731
$905,000
Sun Valley Sotheby’s International Realty (SVSIR) was involved in 33% of the North of Ketchum sales in 2015 for $16,400,000.
Listed at $2.25m
Listed at $2.775m
NORTH OF KETCHUM SALES IN 2015
Listed at $3.395m Listed at $1.965m
KETCHUM
Number of SalesTotal Sold Volume
Average Sold PriceMedian Sold Price
2012127
$90,108,650$709,516$310,000
2013143
$90,887,526$635,577$410,000
2014130
$123,702,359$951,556$500,000
2015121
$92,379,816$763,469$510,000
KETCHUM SALES IN 2015
SVSIR was involved in 39% of the Ketchum sales in 2015 for $38,099,000.
Listed at $1.849m Listed at $1.45m
WARM SPRINGS
Number of SalesTotal Sold Volume
Average Sold PriceMedian Sold Price
201248
$19,334,049$402,792$261,450
201340
$27,164,977$679,124$545,500
201447
$24,223,050$515,384$349,000
201553
$29,294,170$552,720$435,000
WARM SPRINGS SALES IN 2015
SVSIR was involved in 34% of the Warm Springs sales in 2015 for $11,405,000.
Listed at $1.199m Listed at $1.099m
Listed at $975k Listed at $559k
SUN VALLEY
Number of SalesTotal Sold Volume
Average Sold PriceMedian Sold Price
201233
$30,530,000$925,160$560,000
201332
$29,528,500$922,765$655,000
201440
$36,279,500$906,988$605,000
201537
$40,445,885$1,093,132
$750,000
SVSIR was involved in 57% of the Sun Valley sales in 2015 for $30,119,000.
SUN VALLEY SALES IN 2015
Listed at $2.75m Listed at $2.495m
Listed at $2.29m Listed at $1.565m
ELKHORN
Number of SalesTotal Sold Volume
Average Sold PriceMedian Sold Price
201277
$39,191,000$508,974$430,000
201364
$28,114,850$439,294$338,000
201451
$39,522,210$774,945$535,000
201587
$53,971,471$620,361$363,000
ELKHORN SALES IN 2015
SVSIR was involved in 44% of the Elkhorn sales in 2015 for $24,712,000.
Listed at $2.695m Listed at $1.795m
Listed at $1.495m Listed at $1.049m
Sold at Auction
MID-VALLEY
Number of SalesTotal Sold Volume
Average Sold PriceMedian Sold Price
201257
$50,597,876$887,682$675,000
201358
$40,915,100$705,432$478,375
201469
$80,261,373$1,163,208
$725,000
201557
$56,631,249$993,530$675,000
MID-VALLEY SALES IN 2015
SVSIR was involved in 39% of the Mid-Valley sales in 2015 for $21,212,000.
Listed at $1.725m
Listed at $1.685m Listed at $1.545m
HAILEY
Number of SalesTotal Sold Volume
Average Sold PriceMedian Sold Price
2012259
$58,255,778$224,925$154,900
2013214
$46,247,614$216,110$178,000
2014189
$44,891,244$237,520$200,000
2015214
$61,800,413$288,786$236,000
HAILEY SALES IN 2015
SVSIR was involved in 22% of the Hailey sales in 2015 for $14,282,000.
Listed at $769k Listed at $575k
Listed at $549k Listed at $378k
BELLEVUE AND BEYOND
Number of SalesTotal Sold Volume
Average Sold PriceMedian Sold Price
201286
$25,458,551$296,029$147,950
201398
$23,379,681$238,568$167,000
201454
$21,260,650$393,716$165,000
201564
$15,869,416$247,959$207,000
STANLEY AND BEYOND
Number of SalesTotal Sold Volume
Average Sold PriceMedian Sold Price
20123
$249,500$83,166
$112,500
20139
$2,224,000$247,111$240,000
201412
$10,222,500$851,875$147,000
201512
$5,187,664$432,305$330,500
BELLEVUE+ SALES IN 2015
STANLEY+ SALES IN 2015
SVSIR was involved in 11% of the Bellevue-area sales in 2015 for $1,419,000.
SVSIR was involved in 25% of the Stanley-area sales in 2015 for $2,842,000.
Listed at $349k Listed at $299.5k
Listed at $2.5m
OTHER NUMBERS OF NOTE
• The highest sale price in 2015 was $11,750,000. • 95 sales (13%) in 2015 were for above $1,000,000.• Single family residences accounted for 61% of sold volume.• Condominiums and townhomes accounted for 27% of sold volume. Townhome sales
were strong valley-wide, with 72 sales, up from 48 (+50%). Volume increased 69%.• Vacant land accounted for 6% of sold volume.• Commercial properties accounted for 5% of sold volume.
• 21 Single family residences North of Ketchum sold, up from 12 in 2014 (+75%). Volume increased 176%.
• 64 Condos and townhomes in Elkhorn sold, up from 36 (+77%).• 126 Single family residences in Hailey sold, up from 89 (+41%). • 16 Single family residences in South Blaine County sold, up from 4 (+300%).
• Sun Valley named #2 Ski Resort by readers of Ski Magazine.• As of Feb 1, 150” of snow has fallen.• 183,000 people visited Blaine County in Winter 2014-15 (Nov 1-April 30), up 14% over
previous winter.• 218,000 people visited in Summer (May 1-Oct 31), up 27%. • In July, hotels sold a record 37,054 room nights, a 14% increase over 2014’s number.• Enplanements increased 2.6% in 2015; deplanements increased 3.1%. Sun Valley’s airport
has non-stop service from SEA, SFO, LAX, SLC, and Denver.
OVERALL MARKET
AREA-SPECIFIC HIGHLIGHTS
TOURIST AND RESORT INFO
291 N MAIN ST, KETCHUM | 208.726.5300 | SUNVALLEYSIR.COM
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