Sun Valley Round Up
And we are skiing! I snapped this picture today on the Harriman trail. Baldy will be ready for opening two weeks from today as we have had great early season temps and storms for snow.
The market is adjusting to less sales and higher interest rates. However, we aren’t going to see the real effects on pricing for months. Our dollar volume and number of sales are down over 42% from last year. Numbers are trending closer to 2019 numbers prior to the pandemic. Average pricing remains strong and we aren’t seeing any major dips in pricing yet. With less sales and a larger gap between list and sale price, I am expecting pricing to plateau over the next 6 months.
Short Term Rentals in Sun Valley, Idaho
Looking for a condo that would perform well as a short term rental in Sun Valley, Idaho? Complexes within or adjacent to Sun Valley Village are managed by Sun Valley Company and guests at these complexes can gain access to SV amenities. HOA costs and rental occupancy rates are higher. Owners can choose to place their property in the SV rental pool, hire a property manager or manage their rental independently. Ketchum recently passed some restrictions on Short Term Rentals. Properties affected by the restrictions are older complexes that do not meet safety requirements and properties within an avalanche zone.
These two Sun Valley Village area condos below offer 3 bedrooms and are walking distance to the SV Village.
Recently Toured Listings
This home is “WOW”. The attention to detail, natural light and Warm Springs Creek frontage make this home a winner. At $8.9M it should be! The home originally came on the market this summer and was quickly put under contract. The Buyer backed out the day of closing and its back on the market.
Modern Home in Bellevue
This 2800sf modern home in Bellevue ready to move in. At $949k it has a lot to offer!
Talk soon,
Kirsten
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