Five Days. Forty Bands. One Million Smiles
Attendees from all fifty states, every Canadian province, and several foreign countries gather each October to celebrate live performances of America’s music. The Sun Valley Jazz & Music Festival was birthed out of a love and appreciation for jazz music by Tom & Barbara Hazzard and is being held October 19th through 23rd this year in Sun Valley.
Sun Valley Area Real Estate Market Update
2014/2016 Rolling 12 Month Comparison July 1, 2014-June 30, 2015/July 1, 2015-June 30, 2016
| SINGLE-FAMILY HOMES | |||||||
|
Area |
# Sold |
Pending |
Avg Sold $ / SqFt |
Avg Sold Price |
|||
|
2014/2015 |
2015/2016 |
2016 |
2014/2015 |
2015/2016 |
2014/2015 |
2015/2016 |
|
|
North Ketchum |
20 |
14 |
2 |
$330 |
$405 |
$1,022,840 |
$1,922,040 |
|
Warm Springs |
12 |
15 |
2 |
$365 |
$435 |
$1,042,570 |
$1,547,135 |
|
Ketchum |
23 |
24 |
6 |
$455 |
$448 |
$1,953,630 |
$1,186,435 |
|
Elkhorn |
11 |
20 |
2 |
$382 |
$373 |
$1,440,910 |
$1,387,445 |
|
Sun Valley |
11 |
12 |
2 |
$494 |
$367 |
$2,489,875 |
$1,669,585 |
|
Mid-Valley |
52 |
41 |
2 |
$297 |
$322 |
$1,149,320 |
$1,421,870 |
|
Hailey |
118 |
143 |
24 |
$176 |
$184 |
$326,575 |
$347,240 |
|
Bellevue |
37 |
38 |
18 |
$127 |
$171 |
$263,705 |
$340,000 |
|
South Blaine Co. |
12 |
13 |
1 |
$100 |
$115 |
$216,055 |
$231,460 |
|
TOTAL |
296 |
320 |
59 |
$303 |
$313 |
$1,100,609 |
$1,117,023 |
|
290 |
|||||||
| CONDOS/TOWNHOUSES | |||||||
|
Area |
# Sold |
Pending Avg Sold $ / SqFt |
Avg Sold Price |
||||
|
2014/2015 |
2015/2016 |
2016 |
2014/2015 |
2015/2016 |
2014/2015 |
2015/2016 |
|
|
Warm Springs |
30 |
30 |
5 |
$280 |
$280 |
$316,085 |
$469,225 |
|
Ketchum |
68 |
73 |
22 |
$365 |
$365 |
$660,515 |
$654,565 |
|
Elkhorn |
56 |
67 |
2 |
$265 |
$260 |
$387,665 |
$375,605 |
|
Sun Valley |
23 |
28 |
3 |
$395 |
$370 |
$541,075 |
$439,480 |
|
TOTAL |
177 |
198 |
32 |
$326 |
$319 |
$476,335 |
$484,719 |
| Over $500,000 |
2014/2015 |
2015/2016 |
2016 |
2014/2015 |
2015/2016 |
2014/2015 |
2015/2016 |
|
66 |
70 |
16 |
$415 |
$415 |
$898,930 |
$923,715 |
|
| YEAR TO DATE REAL ESTATE REVIEW for the WOOD RIVER VALLEY (Residential and Condos/Townhouses) | ||||
|
Price Range |
Current Listings as of |
Pending |
Sales 12 months 2014/2015 |
Sales 12 months 2015/2016 |
|
6/30/2016 |
06/30/2016 |
|||
|
$1 to $149,999 |
37 |
10 |
59 |
62 |
|
$150,000 to $299,999 |
144 |
48 |
182 |
182 |
|
$300,000 to $599,999 |
187 |
21 |
184 |
184 |
|
$600,000 to $999,999 |
146 |
11 |
79 |
83 |
|
$1,000,000 to $1,999,999 |
147 |
18 |
60 |
62 |
|
$2,000,000 to $4,999,999 |
111 |
6 |
23 |
21 |
|
Over $5,000,000 |
24 |
0 |
4 |
4 |
Rolling 12 Month Comparison Oct. 1, 2014-Sept. 30, 2015/Oct. 1, 2015-Sept. 30, 2016
| SINGLE-FAMILY HOMES | |||||||
| Area | # Sold | Pending | Avg Sold $ / SqFt | Avg Sold Price | |||
| 2014/2015 | 2015/2016 | 2016 | 2014/2015 | 2015/2016 | 2014/2015 | 2015/2016 | |
| North Ketchum | 20 | 10 | 3 | $350 | $437 | $1,195,338 | $2,213,572 |
| Warm Springs | 12 | 14 | 5 | $355 | $467 | $903,322 | $1,677,643 |
| Ketchum | 20 | 24 | 2 | $517 | $453 | $2,107,649 | $1,253,750 |
| Elkhorn | 15 | 23 | 3 | $400 | $333 | $1,620,859 | $1,075,239 |
| Sun Valley | 13 | 13 | 1 | $429 | $373 | $2,015,280 | $1,563,250 |
| Mid-Valley | 42 | 37 | 8 | $293 | $317 | $1,074,465 | $1,499,496 |
| Hailey | 124 | 135 | 26 | $181 | $180 | $323,535 | $356,996 |
| Bellevue | 46 | 38 | 10 | $140 | $167 | $266,269 | $322,909 |
| South Blaine Co. | 13 | 15 | 4 | $114 | $103 | $245,673 | $197,480 |
| TOTAL | 305 | 309 | 62 | $309 | $314 | $1,083,599 | $1,128,926 |
| 290 | |||||||
| CONDOS/TOWNHOUSES | |||||||
| Area | # Sold | Pending Avg Sold $ / SqFt | Avg Sold Price | ||||
| 2014/2015 | 2015/2016 | 2016 | 2014/2015 | 2015/2016 | 2014/2015 | 2015/2016 | |
| Warm Springs | 28 | 31 | 3 | $278 | $280 | $403,395 | $388,702 |
| Ketchum | 71 | 80 | 28 | $361 | $364 | $627,338 | $640,991 |
| Elkhorn | 61 | 61 | 7 | $255 | $264 | $341,140 | $381,611 |
| Sun Valley | 16 | 30 | 7 | $439 | $364 | $685,984 | $425,700 |
| TOTAL | 176 | 202 | 45 | $333 | $318 | $514,464 | $459,251 |
| Over $500,000 | 2014/2015 | 2015/2016 | 2016 | 2014/2015 | 2015/2016 | 2014/2015 | 2015/2016 |
| 63 | 66 | 25 | $415 | $427 | $895,810 | $944,724 | |
| YEAR TO DATE REAL ESTATE REVIEW for the WOOD RIVER VALLEY (Residential and Condos/Townhouses) | ||||
| Price Range | Current Listings as of | Pending | Sales 12 months 2014/2015 | Sales 12 months 2015/2016 |
| 9/30/2016 | 09/30/2016 | |||
| $1 to $149,999 | 35 | 9 | 77 | 65 |
| $150,000 to $299,999 | 101 | 31 | 168 | 206 |
| $300,000 to $599,999 | 207 | 40 | 165 | 169 |
| $600,000 to $999,999 | 148 | 18 | 66 | 78 |
| $1,000,000 to $1,999,999 | 143 | 19 | 53 | 66 |
| $2,000,000 to $4,999,999 | 112 | 10 | 30 | 16 |
| Over $5,000,000 | 34 | 2 | 3 | 7 |
The Festival is five days of nonstop family events including multicultural performers, storytelling, culinary events and cooking classes, a Fiber Festival, Championship Sheepdog Trials, a Sheepherder’s Ball and the Big Sheep Parade with 1,500 sheep trailing down Main Street in Ketchum, Idaho.
This year, the Baldy Hill Climb is taking place Saturday September 24th, 2016.
The Baldy Hill Climb, hosted by the Sun Valley Ski Education Foundation, is an annual 1.9 mile, gut-wrenching, uphill climb in Sun Valley, Idaho. Hundreds of athletes from a variety of backgrounds, compete against one another to be crowned King/Queen of the mountain by climbing 3,200 vertical feet in 1.9 miles to the top of Baldy Mountain in Sun Valley, Idaho. Beginning from the bottom of Bald Mtn., the primary ski mountain of the Sun Valley Resort, racers climb their way straight up the face to reach the summit of the steep ski hill.
The Baldy Hill Climb consists of 5 different categories that caters to every individual, spanning from little tikes, to sports enthusiasts, to Olympians. Whether you are a competitive, world-class athlete or just looking to push your body, the Baldy Hill Climb offers something spectacular for everyone.
Sun Valley Area Real Estate Market Update
Rolling 12 Month Comparison Sept. 1, 2014-August 31, 2015/Sept. 1, 2015-August 31, 2016
| SINGLE-FAMILY HOMES | |||||||
|
Area |
# Sold |
Pending |
Avg Sold $ / SqFt |
Avg Sold Price |
|||
|
2014/2015 |
2015/2016 |
2016 |
2014/2015 |
2015/2016 |
2014/2015 |
2015/2016 |
|
|
North Ketchum |
22 |
10 |
2 |
$354 |
$414 |
$1,168,034 |
$2,104,056 |
|
Warm Springs |
12 |
16 |
4 |
$346 |
$453 |
$987,572 |
$1,547,625 |
|
Ketchum |
22 |
28 |
2 |
$494 |
$442 |
$1,925,386 |
$1,262,303 |
|
Elkhorn |
15 |
22 |
4 |
$398 |
$334 |
$1,636,526 |
$1,115,500 |
|
Sun Valley |
13 |
11 |
2 |
$430 |
$373 |
$2,015,280 |
$1,605,364 |
|
Mid-Valley |
46 |
38 |
7 |
$283 |
$315 |
$1,040,371 |
$1,442,430 |
|
Hailey |
121 |
137 |
21 |
$179 |
$183 |
$324,577 |
$362,981 |
|
Bellevue |
42 |
42 |
8 |
$142 |
$160 |
$292,866 |
$303,643 |
|
South Blaine Co. |
12 |
14 |
5 |
$112 |
$111 |
$247,812 |
$207,357 |
|
TOTAL |
305 |
318 |
55 |
$304 |
$309 |
$1,070,936 |
$1,105,695 |
|
290 |
|||||||
| CONDOS/TOWNHOUSES | |||||||
|
Area |
# Sold |
Pending Avg Sold $ / SqFt |
Avg Sold Price |
||||
|
2014/2015 |
2015/2016 |
2016 |
2014/2015 |
2015/2016 |
2014/2015 |
2015/2016 |
|
|
Warm Springs |
29 |
29 |
4 |
$289 |
$283 |
$378,622 |
$411,095 |
|
Ketchum |
66 |
80 |
27 |
$348 |
$366 |
$577,136 |
$651,675 |
|
Elkhorn |
55 |
62 |
12 |
$257 |
$260 |
$368,097 |
$370,515 |
|
Sun Valley |
18 |
30 |
8 |
$434 |
$369 |
$614,041 |
$436,250 |
|
TOTAL |
168 |
201 |
51 |
$332 |
$320 |
$484,474 |
$467,384 |
| Over $500,000 |
2014/2015 |
2015/2016 |
2016 |
2014/2015 |
2015/2016 |
2014/2015 |
2015/2016 |
|
60 |
67 |
23 |
$407 |
$428 |
$853,175 |
$948,182 |
|
| YEAR TO DATE REAL ESTATE REVIEW for the WOOD RIVER VALLEY (Residential and Condos/Townhouses) | ||||
|
Price Range |
Current Listings as of |
Pending |
Sales 12 months 2014/2015 |
Sales 12 months 2015/2016 |
|
8/31/2016 |
08/31/2016 |
|||
|
$1 to $149,999 |
35 |
12 |
78 |
63 |
|
$150,000 to $299,999 |
125 |
44 |
158 |
200 |
|
$300,000 to $599,999 |
226 |
32 |
164 |
179 |
|
$600,000 to $999,999 |
154 |
14 |
65 |
81 |
|
$1,000,000 to $1,999,999 |
157 |
20 |
56 |
63 |
|
$2,000,000 to $4,999,999 |
120 |
12 |
30 |
17 |
|
Over $5,000,000 |
26 |
0 |
2 |
5 |
Private and public infrastructure is keeping pace
In 1996, the population of Hailey was about 5,400. Today, it is about 8,000. In contrast, Ketchum’s population in that same period has dropped by 100 so that it’s now less than 2,700.
The private infrastructure of Hailey is keeping pace with the city’s growth, as evidenced by the major construction projects at the Natural Grocers building to open this fall/winter; the expansion of King’s variety store on North Main Street, also with a projected fall/winter opening; a new $900,000 headquarters for Evans Plumbing in Hailey’s light industrial area; and The Cottages of Sun Valley, an assisted living and memory care facility in north Hailey, to be completed in 2017. There are two more proposed buildings: the new Wiseguy Pizza building and D.L. Evans Bank, both on Main Street.
The estimated investment in these new construction projects is $16 million.
Natural Grocers has more than 100 stores in the western U.S. and this one will provide the Wood River Valley with another grocery option. Only USDA-certified organic produce will be sold, as the company sells no produce grown with chemical fertilizers, pesticides, herbicides, and genetically modified plants.
The Cottages elder care will include 32 resodential suites, in two buildings for different kinds of care and will provide 30 new jobs for the Wood River Valley.
As well, there are the City of Hailey’s public infrastructure proposals, known as “Hailey Lighter, Quicker, Cheaper.” The proposals call for creating more parklets in the center core; striped bike lanes on River Street west to the Croy Canyon bridge; temporary neighborhood roundabouts to slow traffic; pedestrian crossing islands; and more Hailey and “way-finding” signage.
According to Community Development Director Lisa Horowitz, the first of the parklets in front of the Liberty Theatre on Main Street has already been installed at a cost of just under $11,000. All of the other “Hailey Lighter, Quicker, Cheaper” proposals are, according to Horowitz, “…in process and not prioritized” at the moment and will be presented to the Hailey City Councils for approval in the fall.
To see the city’s proposals, visit www.haileycityhall.org/planning/documents/CCHandout.pdf
By Dick Dorworth tws
Sun Valley Area Real Estate Market Update
Rolling 12 Month Comparison August 1, 2014-July 31, 2015/August 1, 2015-July 31, 2016
| SINGLE-FAMILY HOMES | |||||||
|
Area |
# Sold |
Pending |
Avg Sold $ / SqFt |
Avg Sold Price |
|||
|
2014/2015 |
2015/2016 |
2016 |
2014/2015 |
2015/2016 |
2014/2015 |
2015/2016 |
|
|
North Ketchum |
21 |
12 |
2 |
$337 |
$415 |
$1,134,370 |
$1,907,865 |
|
Warm Springs |
11 |
15 |
5 |
$360 |
$433 |
$1,037,805 |
$1,547,135 |
|
Ketchum |
21 |
26 |
5 |
$457 |
$458 |
$1,823,740 |
$1,372,095 |
|
Elkhorn |
13 |
20 |
4 |
$375 |
$366 |
$1,405,000 |
$1,358,444 |
|
Sun Valley |
12 |
12 |
3 |
$483 |
$360 |
$2,399,054 |
$1,609,500 |
|
Mid-Valley |
53 |
36 |
3 |
$280 |
$330 |
$1,058,246 |
$1,513,788 |
|
Hailey |
114 |
141 |
20 |
$177 |
$185 |
$325,842 |
$354,425 |
|
Bellevue |
36 |
43 |
13 |
$130 |
$168 |
$272,219 |
$328,128 |
|
South Blaine Co. |
12 |
13 |
2 |
$104 |
$115 |
$219,054 |
$231,231 |
|
TOTAL |
293 |
318 |
57 |
$300 |
$314 |
$1,075,037 |
$1,248,920 |
| CONDOS/TOWNHOUSES | |||||||
|
Area |
# Sold |
Pending Avg Sold $ / SqFt |
Avg Sold Price |
||||
|
2014/2015 |
2015/2016 |
2016 |
2014/2015 |
2015/2016 |
2014/2015 |
2015/2016 |
|
|
Warm Springs |
31 |
29 |
4 |
$280 |
$284 |
$372,470 |
$427,819 |
|
Ketchum |
67 |
79 |
23 |
$350 |
$359 |
$592,985 |
$644,475 |
|
Elkhorn |
57 |
64 |
6 |
$260 |
$262 |
$368,094 |
$376,796 |
|
Sun Valley |
24 |
27 |
6 |
$400 |
$366 |
$539,281 |
$430,463 |
|
TOTAL |
179 |
199 |
39 |
$323 |
$318 |
$468,208 |
$469,888 |
| Over $500,000 |
2014/2015 |
2015/2016 |
2016 |
2014/2015 |
2015/2016 |
2014/2015 |
2015/2016 |
|
65 |
66 |
17 |
$400 |
$424 |
$844,638 |
$953,760 |
|
|
YEAR TO DATE REAL ESTATE REVIEW for the WOOD RIVER VALLEY (Residential and Condos/Townhouses) |
||||
|
Price Range |
Current Listings as of |
Pending |
Sales 12 months 2014/2015 |
Sales 12 months 2015/2016 |
|
7/31/2016 |
07/31/2016 |
|||
|
$1 to $149,999 |
34 |
10 |
66 |
65 |
|
$150,000 to $299,999 |
142 |
46 |
188 |
192 |
|
$300,000 to $599,999 |
218 |
25 |
182 |
180 |
|
$600,000 to $999,999 |
161 |
14 |
82 |
80 |
|
$1,000,000 to $1,999,999 |
153 |
15 |
62 |
63 |
|
$2,000,000 to $4,999,999 |
111 |
8 |
20 |
20 |
|
Over $5,000,000 |
24 |
0 |
5 |
5 |
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