After a banner two years for Sun Valley Real Estate it appears we are reaching a plateau. Our inventory is rising and prices for Sun Valley and Ketchum real estate are stabilizing.
Sun Valley Real Estate
On the real estate front we are seeing a stabilization. Inventory is rising and prices are plateauing. June and July are historically our strongest months for real estate in Sun Valley and I expect that to be true for 2022 as well.
Sun Valley and Ketchum Real Estate Listings
Inventory has been rising for the last 6 weeks for Ketchum, Sun Valley and Hailey Real Estate. Inventory is especially high for properties over $4M and condominiums at the $1M price point.
Market Report for June 24, 2022
45 new listings hit the market in the last 10 days; 10 of which are now pending sale. Sellers must price their properties competitively to draw buyer interest.
How Does Sun Valley Real Estate Demand Compare?
Most west coast mountain locales are seeing decreased occupancy this summer due to national economic conditions and the return of international travel after COVID influenced summer travel in 2020/21. Sun Valley bookings remain stronger than our west coast mountain town counterparts.
What Do Occupancy Reports Tell Us?
Real Estate demand typically mirrors occupancy demand. Occupancy reports can give insight into the financial health of an area in all areas of commerce.