First Snow – Sun Valley, Idaho

Sun Valley Round Up

First Snow! I’m writing this as I watch the snow and wind blow the yellow leaves off the trees. I guess summer is officially over. Looks like it is time to tune up the skis, pull out the parkas, and make some soup!

The market is cooling just like the weather as pending sales are down 37% this week. Interest rates are just over 7% and many buyers are hitting pause. Cash buyers have increased leverage and buying power now.

Sun Valley Market Report

Weekly market report for October 26, 2022

2%Active listings 278
14%Closed sales 8
11%New listings 10
37%Pending sales 5

New on the Market

We are seeing price reductions for single family homes in Hailey. These reductions are currently around 10%.

New Listing in Hailey for $750k!
Located close to Hailey’s downtown and its hiking, biking and Nordic trails, this single-level home is distinctive and pristine. Unique highlights include durable solid bamboo floors, American clay walls, butcher… Read more.
New Listing in Hailey for $750k!
Located close to Hailey’s downtown and its hiking, biking and Nordic trails, this single-level home is distinctive and pristine. Unique highlights include durable solid bamboo floors, American clay walls, butcher… Read more.

Wow!

The two homes below pended sale this week. In my opinion, they are both tear down homes and are pending sale for their land value! The high end of our market continues to show strength.

The Sun Valley home below is located above Fairway Rd with Baldy and golf course views.

The Ketchum home boasts Big Wood Riverfront and is located in West Ketchum.

Both locations offer tremendous appeal.

Pending Sale in Sun Valley
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Pending Sale in Sun Valley
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Pending Sale in Ketchum
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Pending Sale in Ketchum
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Latest Blog Posts

With markets stabilizing home sellers should consider improvements to attract buyers and obtain top dollar for their homes. Below is my recent blog with the 5 Best Improvements to Sell Your Home.

Present Your Home to Sell in Sun Valley, Idaho
Present Your Home to Sell in Sun Valley, Idaho Real Estate markets are in a constant state of change and this Fall of 2022 the markets are stabilizing. Sellers must… Read more.
Present Your Home to Sell in Sun Valley, Idaho
Present Your Home to Sell in Sun Valley, Idaho Real Estate markets are in a constant state of change and this Fall of 2022 the markets are stabilizing. Sellers must… Read more.

Talk soon,
Kirsten

Kirsten DeHart
Associate Broker
208-721-4131

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