We took a vacation! With the kids out of the house Tom and I decided to take a long awaited trip to Europe. We completed a trek around Mt. Blanc with “Run the Alps.” A 7 day, 105 mile trek with 29,000ft of elevation gain! We were also able to drop in on our daughter who is training for alpine skiing with Apex 2100 out of Tignes, France for the year.
What is absorption rate? Absorption rate is an excellent metric to demonstrate the rate at which homes are being sold in a specific market. In general is the absorption rate is 3, it would take 3 months to sell all the current supply within the marketplace.
Sun Valley Market Report
Year to date real estate report for Sun Valley, Idaho. Sales in Sun Valley have been spurred by some new developments. The current absorption rate is 4.4 which is up 52% over 2022.
▼ 7%
Active listings
148
▼ 1%
Closed sales
73
▲ 24%
Average Sales Price
$1.85M
▲ 78%
Average Days on Market
164
Sun Valley Idaho Real Estate Market Report
Ketchum Market Report
Year to date real estate market report for Ketchum, Idaho. Average sales price in Ketchum is up a whopping 42% for 2023 but sales are down by 36% overall.
The current absorption rate in Ketchum is 5.3 which is up 77% over 2022 signaling a much slower marketplace.
▼2%
Active listings
133
▼ 36%
Closed sales
42
▲ 42%
Average Sales Price
$2.58M
▲ 65%
Average Days on Market
127
Ketchum Idaho Real Estate Market Report
Hailey Market Report
Year to Date Real Estate Report for Hailey, Idaho. Single family homes in Hailey under $750k and in strong demand and sales are strong for this category.
The current absorption rate in Hailey is 3.1 showing a more active market than Ketchum or Sun Valley but this absorption rate is 90% higher than 2022 when inventory was exceptionally low in Hailey.
▼ 13%
Active listings
145
▼ 27%
Closed sales
87
▲ 6%
Average Sales Price
$826k
▲ 14%
Average Days on Market
98
Hailey, Idaho Real Estate Market Report
Price Reduced
Four Seasons is a great condo complex off Warm Springs Road. Close to downtown Ketchum and Warm Springs base area. This condo was just reduced $40k to $599k.
Charming 2 bed, 2 bath townhome in Warm Springs. Enjoy ample outdoor space with three decks, one of which opens up to a beautiful parklike common area. The newly updated… Read more.
Charming 2 bed, 2 bath townhome in Warm Springs. Enjoy ample outdoor space with three decks, one of which opens up to a beautiful parklike common area. The newly updated… Read more.
At the other end of the price spectrum, this Ketchum townhome is now priced at $6.9M. It’s been on the market for awhile and shouldn’t be overlooked. A spectacular location off Saddle road with proximity to the Big Wood River that makes you feel like you are in it. The design work for the remodel is stunning. A must see for an in-town townhome.
If you value privacy, in-town convenience, and a picturesque setting, then prepare to fall in love with this exquisitely remodeled waterfront townhome. Reminiscent of a European castle somewhere in Italy…
If you value privacy, in-town convenience, and a picturesque setting, then prepare to fall in love with this exquisitely remodeled waterfront townhome. Reminiscent of a European castle somewhere in Italy…
This large home on 5 acres is just a few minutes West of downtown Hailey in “Croy Canyon” for $1.69M. Croy Canyon is experiencing a lot of growth with multiple new homes being built and several new subdivisions which have sold all their land parcels. A spec home just pended sale with an asking price of $3.4M so prices are coming up in the area.
This beautiful turnkey Idaho property offers 5 acres just minutes from Downtown Hailey with an open floor plan, 5 bedrooms, 3.5 baths, and 3800 square feet of living space. It… Read more.
This beautiful turnkey Idaho property offers 5 acres just minutes from Downtown Hailey with an open floor plan, 5 bedrooms, 3.5 baths, and 3800 square feet of living space. It… Read more.
Sun Valley Events
One of the best events of the year is this weekend! Trailing of the Sheep. There’s a lot more to the event than the parade. Check out the full schedule here: https://trailingofthesheep.org/schedule/