2013 YEAR IN REVIEW
Sun Valley, Idaho and the Surrounding Areas
© 2014 Sun Valley Sotheby’s International Realty. All Rights Reserved. Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Each Office is Independently Owned and Operated. Disclaimer: Information contained herein has been obtained from sources deemed reliable but cannot be guaranteed. Viewers are encouraged to perform independent due diligence before relying on any content. Opinions expressed are not necessarily that of the franchisee or franchisor. Sellers reserve the right to change their product offering without notice. All statistics provided by the Sun Valley Board of Realtors and include only Residential, Condo/Townhouse, Vacant Land, Commercial for Sale and Farm/Ranch. All statistics provided by the Sun Valley Board of Realtors. 1/1/2013 - 12/31/2013
MARKET OVERVIEW 2013 # of Sales 656 Avg. Days on Market 253 Total Sold Volume $303,042,846 Average Sold Price $446,830 Median Sold Price $277,700 Average List Price $485,899 Median List Price $298,000 Units Sold, Average vs. Median Sold Prices $800,000
800
$700,000
700
$600,000
600
$500,000
500
$400,000
400
$300,000
300
$200,000
200
$100,000
100
$-
0
2009 2010 2011 2012 2013 Units Sold 296 388 482 703 656 Average Sales Price $651,736 $714, 319 $495,050 $503,343 $446,830 Median Sales Price $350,000 $377,750 $255,000 $225,000 $277,700 Statistics provided by the Sun Valley Board of Realtors comparing units sold, average and median sales prices from 2009 to 2013
The trend seems to be up for total number of properties sold in the Sun Valley area through 2013. Of the 656 properties sold, 58 sold over $1,000,000 and 37% sold under $315,000.
THE MARKET IN SUN VALLEY # of Sales Days on Market Total Sold Volume Average Sold Price Median Sold Price
2012 33 306 $30,530,000 $925,160 $560,000
2013 32 359 $29,528,500 $922,765 $655,000
Percent Change - 3% 15% - 3% - 1% 15%
THE MARKET IN ELKHORN # of Sales Days on Market Total Sold Volume Average Sold Price Median Sold Price
2012 77 346 $39,191,000 $508,974 $430,000
2013 64 305 $28,114,850 $439,294 $338,000
Percent Change - 17% - 12% - 28% - 14% - 21%
THE MARKET NORTH OF KETCHUM # of Sales Days on Market Total Sold Volume Average Sold Price Median Sold Price
2012 15 339 $35,874,125 $2,391,608 $931,125
2013 10 477 $6,805,000 $680,500 $517,500
Percent Change - 33% 29% - 81% - 72% - 44%
THE MARKET IN KETCHUM # of Sales Days on Market Total Sold Volume Average Sold Price Median Sold Price
2012 127 284 $90,108,650 $709,516 $310,000
2013 143 258 $90,887,526 $635,577 $410,000
Percent Change 11% - 11% 1% - 10% 24%
THE MARKET IN WARM SPRINGS # of Sales Days on Market Total Sold Volume Average Sold Price Median Sold Price
2012 48 362 $19,334,049 $402,792 $261,450
2013 40 274 $27,164,977 $679,124 $545,500
Percent Change - 17% - 24% 29% 41% 52%
THE MARKET IN MID-VALLEY # of Sales Days on Market Total Sold Volume Average Sold Price Median Sold Price
2012 57 263 $50,597,876 $887,682 $675,000
2013 58 336 $40,915,100 $705,432 $478,375
Percent Change 1% 12% - 19% - 21% - 29%
2013 214 178 $46,247,614 $216,110 $178,000
Percent Change - 17% - 7% - 21% - 4% 13%
2013 74 184 $18,277,450 $246,992 $192,500
Percent Change 9% - 5% 8% - 1% 17%
THE MARKET IN HAILEY # of Sales Days on Market Total Sold Volume Average Sold Price Median Sold Price
2012 259 192 $58,255,778 $224,925 $154,900
THE MARKET IN BELLEVUE # of Sales Days on Market Total Sold Volume Average Sold Price Median Sold Price
2012 67 197 $16,772,401 $250,334 $159,500
THE MARKET IN SOUTH BLAINE COUNTY 2012 20 224 $13,186,150 $659,307 $95,000
# of Sales Days on Market Total Sold Volume Average Sold Price Median Sold Price
2013 21 533 $5,179,900 $246,661 $125,000
Percent Change 5% 58% - 61% - 62% 24%
OUR MARKET SHARE 23.94
12.38 11.14 9.17
SVSIR
Competitor 1
Competitor 2
Competitor 3
Percent of volume sold. *Information is deemed to be reliable, but is not guaranteed. Provided by Sun Valley Board of Realtors. 1/1/2013 - 12/31/2013
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