Sun Valley Round Up
The holiday’s are behind us and we can look forward to longer days! I have spent some time looking over the end of year real estate numbers. Please reach out if you have specific questions. Most forecasters predict mortgage rates to come down by 1%-2% by mid year which will be especially helpful for new home buyers.
The average sales price within Blaine county is up 11% over 2021.
The average sales price in Ketchum is UP 20% over 2021, but the overall number of sales is DOWN by 42%
The average sales price in Sun Valley is up a staggering 30%. This is bolstered by several new developments within Sun Valley and Elkhorn.
Real Estate in Hailey, Idaho has been very active the last two years. Multiple new subdivisions have emerged and new construction projects are booming. The average sales price for homes in Hailey is 50% less than Ketchum and Sun Valley.