Sun Valley Round Up
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.
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.
Price Reduced
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.
Taking All Offers
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.
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/
Talk soon,
Kirsten
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