A slow start to winter has been erased by a series of storms dropping 26″ on Baldy. It feels like winter in the valley!
We are two months into 2024 so I decided to take a look at the numbers compared to 2023. In 2023 overall real estate sales in the Sun Valley area were down, but prices were up.
2024 is starting strong with prices and sales up compared to 2023. It seems fears of a recession are passing.
Hailey, Idaho Real Estate Market Report
For March 2024 compared to 2023
▼21%
Active Listings
53
▼ 38%
Closed Sales
5
▲ 22%
Average Sales Price
$1.072m
▼ 34%
Average Days on Market
100
Hailey, Idaho Real Estate Market Report
Hailey is off to a strong start with average sales prices up 22% over 2023. Listings and Days on Market are down.
Ketchum, Idaho Real Estate Market Report
For March 2024 compared to 2023
▲19%
Active Listings
90
▲50%
Closed Sales
21
▲ 83%
Median Sales Price
$1.9M
▲ 35%
Average Days on Market
130
Ketchum, Idaho Real Estate Market Report
Median sales price in Ketchum is up a whopping 83% for 2024, a testament to the strong upper market. Overall sales and number of listings are also up.
Sun Valley, Idaho Real Estate Market Report
For March 2024 compared to 2023
▲4%
Active Listings
53
▼ 27%
Closed Sales
27
▲ 106%
Average Sales Price
$4M
▼ 32%
Average Days on Market
128
Sun Valley, Idaho Real Estate Market Report
Real estate sales in Sun Valley also demonstrate a strong upper market with average sales price up 106%!
Located at Quigley Farm’s central core, this lot can be developed as 100% commercial/office or mixed-use with apartments on the upper floors. The permitted uses in the NB zoning district… Read more.
Located at Quigley Farm’s central core, this lot can be developed as 100% commercial/office or mixed-use with apartments on the upper floors. The permitted uses in the NB zoning district… Read more.