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Market Review: January 1 – October 31

Posted by Jay Emmer on December 2, 2020
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As has been covered in previous newsletters Real Estate in the Wood River Valley (i.e. Ketchum, Sun Valley, Hailey, Bellevue) and the surrounding area has been B-U-S-Y. For the first time ever over 1 Billion dollars in Real Estate has been sold in the valley! As of 11.25.20, the general overview looks like this:

Residential Sales Volume: UP 70% | Residential Avg. Sales Price: UP 46% | Active Residential Listings: DOWN 62%

Vacant Land Sales Volume: UP 208% | Vacant Land Avg. Sales Price: UP 73% | Active Vacant Land Listings: DOWN 45%

Commercial Sales Volume: UP 17% | Commercial Avg. Sales Price: UP 6% | Active Commercial Listings: DOWN 57%

In the current market, many properties are selling for list price or above. If you have ever thought about selling now is a great time to list your property. If you are a buyer, selection is limited, you have to be able to act quickly, and be prepared to [possibly] be in a multiple offer situation.

If you have any questions about buying or selling in Sun Valley or want more details about the information above, please call me: 208.720.4282.
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