Sun Valley Real Estate Market Report

Weekly market report for August 22, 2022

1 %Active listings299
1%Closed sales9
26%New listings20
40%Pending sales14

Real Estate Numbers

We continue to move toward a balanced market. Our sales volume to date is down 40% from 2021. We are gaining inventory and Buyers are gaining power.

I anticipate mortgage interest rates to continue to rise which primarily affects Buyers for single family homes in Hailey and Bellevue.

Interestingly, jumbo loan rates are currently LOWER than standard mortgages. I have also heard lenders are buckling down on loans for second homes and income properties making them more difficult to obtain.

Sun Valley Round Up

It is hard to believe summer is coming to an end. Local schools resume classes next week and the summer event schedule is winding down. I look forward to sneaking in some big hikes in the fall before the snow flies. Hopefully I’ll have some good pictures to share soon!

New on the market

Residential for sale in Hailey, Idaho, 22-329933
Charming home conveniently located close to schools, nature trails and the bike path. The main level offers an open concept great room, dining and kitchen. Master and second bedroom also… Read more.
Residential for sale in Hailey, Idaho, 22-329933
Charming home conveniently located close to schools, nature trails and the bike path. The main level offers an open concept great room, dining and kitchen. Master and second bedroom also… Read more.

Recently sold

Represented Buyer: 32 Crown Ranch Road Sold for $2.695M
You can type here directly.
Represented Buyer: 32 Crown Ranch Road Sold for $2.695M
You can type here directly.

Sun Valley Events

Wagon Days Home Page | City of Ketchum Idaho
As we approach Labor Day weekend its time to get ready for Wagon Days! Did you know you can reserve front row seating for the parade for $25? Unfortunately the seats for this year are sold out but keep that in mind for next year!Stick around after the parade for a concert with Chayce Beckham. If you are an American Idol fan the name may sound familiar as he won in 2019.
Wagon Days Home Page | City of Ketchum Idaho
As we approach Labor Day weekend its time to get ready for Wagon Days! Did you know you can reserve front row seating for the parade for $25? Unfortunately the seats for this year are sold out but keep that in mind for next year!Stick around after the parade for a concert with Chayce Beckham. If you are an American Idol fan the name may sound familiar as he won in 2019.

Latest blog posts

Wildfire Season Affecting Real Estate in Ketchum, Idaho
Real Estate in Ketchum, Idaho Remains Hot Real Estate in Ketchum, Idaho Spared by Wildfires Summer of 2022 The last few summers have been hotter and smokier than normal…
Wildfire Season Affecting Real Estate in Ketchum, Idaho
Real Estate in Ketchum, Idaho Remains Hot Real Estate in Ketchum, Idaho Spared by Wildfires Summer of 2022 The last few summers have been hotter and smokier than normal…

Talk soon,
Kirsten

Kirsten DeHart
Associate Broker
208-721-4131

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