Uncategorized January 24, 2017

Aging-in-Place Report – Are older Americans planning on a move?

There seems to have been an accepted progression for homeowners going from starter home, to gradually moving into one’s dream home, then, downsizing after becoming an empty nester and finally, into a retirement home. However, Marianne Cusato’s 2016 Aging-in-Place Report indicates that many older Americans don’t plan on following that pattern.46668033-250.jpg

61% of homeowners above the age of 55 intend on staying in their homes indefinitely. 2/3 of them believe that the home’s layout will serve their needs without having to make aging-related improvements.

Some of the reasons being cited for staying in place are:

  • 66% say their home is conveniently located
  • 38% say they live close to their family
  • 68% say they feel independent in their home
  • 54% say they are familiar with their neighborhood
  • 66% say the feel safe in their home

Typical renovations that might be considered for their current home are things like grab bars in the tub or shower, shower seats, taller toilets, handheld showerheads and additional handrails on stairways.

It seems that the report’s conclusion is that regardless of a homeowner’s age, they want to thrive in their home. The same emotional reasons that causes a person to want to buy a home are the things that cause them to hold onto them if is practical.

Real Estate January 18, 2017

The Windermere Report 2016

Dear friends and neighbors,

 

The 2016 annual real estate stats are in! Hot off the presses!

Here is the 17th anniversary edition of Windermere Real Estate’s Market Review, which has earned its reputation as one of the most accurate sources for data on the Blaine County housing market.  Overall, 2016 was a statistically deceptive year in Blaine County real estate, with a modest gain in the number of closed transactions but a decline in the total dollar volume according to the Sun Valley Board of Realtors MLS data.

 

I say deceptive because the total dollar volume doesn’t take into account the 12 Limelight Residences that are currently reserved and will close next month after construction is completed. In addition, the Sun Valley Company has sold all but one of their 24 Diamond Back Townhomes. Combined these two project represent over $55 million in sales which will be added to the 2017 totals.

 

In the resort condo market, 197 sales were recorded in 2016, compared to 198 a year earlier. That same stable trend also played out in the resort single family market where 77 residences changed hands in 2016, compared to 84 a year earlier.

 

In the Hailey market, 136 homes sold in 2016, up from 129 homes a year earlier. Despite the lack of inventory at certain price points, the median price per square foot in Hailey held steady at $181 per foot, which is still far below the peak of 2008 when it was $210 per square foot. The biggest gains in the south valley came in Bellevue, where the median selling price per square foot jumped 24 percent and is now just 7 percent lower than Hailey’s median price per square foot.

 

We expect 2017 to be a dynamic year in Sun Valley real estate, with interest rates low, inventory falling and median selling prices increasing proportionately. Additionally, the new four-star Limelight Hotel opened last month on Ketchum’s Main Street. Coupled with better direct airline service, these additions should further polish the Sun Valley brand as a world-class resort.

 

If you or someone you know have questions or need professional real estate advice, please don’t hesitate to call me. In the meantime, I hope you find the “Windermere Report” informative and I look forward to working with you in 2017.

 

Other great news for my Windermere clients:

My long-time managing broker Dan Gorham has purchased the local Windermere offices. Mr. Gorham said this about his plans: “Local ownership means we will be able to continue serving the residents and visitors of the Wood River Valley with the historic knowledge that is critical to making good real estate investments. I am also looking forward to growing the offices as we see economic expansion being experienced in the Wood River Valley, and the media attention Sun Valley has been receiving as a world-class resort.”

 

Cheers,

Anna

 

Anna Mathieu, Realtor®, Associate Broker

Windermere Real Estate, Sun Valley LLC

Mobile Office: (208) 309-1329

5b-realestate.com

facebook.com/anna.5B.realestate

Search all listed properties at: https://5b-realestate.com/search

Uncategorized January 17, 2017

The 10 Hottest Travel Destinations of 2017

Last year, savvy travelers flocked to Rio for the Olympics; Cuba, because they could; and America’s national parks, to celebrate the 100th birthday of the natural wonders in their own backyards. In 2017, we’ll see hot spots like Sri Lanka, Colombia, and Oman remain popular, but travelers will venture off the beaten path, beyond each country’s tried-and-true holiday escapes.

  1. Idaho
    Idaho is having a moment. The capital, Boise, may not have an Ace Hotel yet, but it’s quietly setting itself up to be one of America’s most desirable second-tier cities with hip lodging like theModern Hotel + Bar, indie coffee shops,creative hubs, distilleries, and a serious craft beer scene. And then of course, there’s the incredible access to the outdoors, including more than 190 miles of trails to hike, run, and bike in the Boise Foothills. Hemingway’s beloved Sun Valley, while often overlooked for glitzier mountain towns like Telluride, Park City, and Jackson Hole, is having a renaissance. America’s first destination ski resort area offers some of the best slopes in the U.S. and still maintains a laid-back mountain-town feel (think Aspen in the ’60s). The December 30 opening of the Limelight Ketchum, the first new hotel in more than two decades, will bring some youthful energy to the mountains. Farther afield, Selkirk Powder Company recently announced it will be offering heli-skiing trips to the Idaho panhandle beyond the Schweitzer Mountain backcountry, giving adventurers access to the rugged and untapped American Selkirk Range of northern Idaho.

 

See Full Article Here

Uncategorized December 19, 2016

10 over-the-top ski homes for sale right now

We can dream, can’t we?

BY MEGAN BARBER @MEGCBARBER DEC 19, 2016, 11:20AM EST

From Aspen to Park City, ski country real estate is full of over-the-top, extravagant homes.

Sure, the reasonably priced, cozy A-frame cabin on 20 acres still exists, but you’ll likely find more homes worth $2 million than $200,000 if you want to own anywhere near a resort.

Even though most of us will never buy a luxurious ski home, that doesn’t mean we can’t look. Today’s modern ski homes range from oversized log cabins to brand-new, contemporary builds.

Some sit on massive compounds with hundreds of acres—although the land will cost you—while others are located on prime, ski-in/ski-out lots. But no matter the style of home, all deliver on amazing views and some gorgeous real estate eye candy.

Behold, 10 extravagant ski homes available for purchase, right now.

hyndman

In Sun Valley, Idaho:

If a ski compound is more your thing, check out this 120-acre property with three residences on site. Plenty of oversized garages, a heated pool and spa—including a pool house, naturally—and extra perks like a tennis court come with the 7 bedrooms, 8 baths, and 10,067 square feet. How much will this beauty cost you? The price is available for serious buyers only.

SEE FULL ARTICLE HERE

Uncategorized December 9, 2016

Free FICO Credit Score

Discover Credit Card Company now offers a Free FICO(R) Credit Score!

You do not have to be a Discover Card holder. Simply register for free at https://www.creditscorecard.com/registration. You will be lead through a series of questions to verify you are who you say you are and you do have to input your social security number.

Once registered you will get your official FICO(R) score, the ones that lenders require when getting a loan. You will also be able to shown what is negatively impacting your credit score.

Credit Karma https://www.creditkarma.com/ is also a great site for monitoring your credit but it provides the FICO(R) VantageScore, not the classic score that the lenders are looking at. This site does however email you if something changes on your credit, so it is a great early warning system.

Thank you to the Weekly Sun for bringing the Discover service to my attention!

 

 

Uncategorized December 9, 2016

26 Ways That Skiing Gets Better This Season

The New York Times is as excited about the opening of the Limelight as we are! See what they have to say in their recent piece: By Elaine Glusac

NOVEMBER 30, 2016

New Lodging

limelight

Overnight options in ski country will expand across the range beginning with the new Limelight Hotel Ketchum in Idaho, gateway to Sun Valley Resort. Owned by Aspen Skiing Company and opening Dec. 16, the 99-room lodge in Ketchum’s very walkable downtown will include outdoor hot tubs and a swimming pool, firepits and a lounge with regularly scheduled live music as well as free shuttles to the ski area and free use of fat-tire bikes and snowshoes (rooms from $240).

Click Here to See Full Article

Uncategorized November 17, 2016

BIG NEWS! RNP Approach to Friedman Airport

November 15, 2016

alaska

Alaska Airlines to use Advanced Technology to improve Sun Valley airport access New procedures will increase reliability and reduce weather-related diversions by 95 percent SEATTLE — Alaska Airlines’ sister carrier, Horizon Air, has received approval from the Federal Aviation Administration (FAA) to begin using its proprietary Required Navigation Performance (RNP) instrument approach procedure at Friedman Memorial Airport near Sun Valley. The procedure is expected to reduce weather-related diversions by 95 percent allowing Horizon to have the best access to Sun Valley of any airline. It is projected to reduce diversions for Horizon from an average of 40 to 50 per year down to one to two estimated diversions per year.

RNP technology allows aircraft to follow precise three-dimensional curved flight paths through difficult terrain using a combination of onboard navigation technology and the Global Positioning System (GPS) satellite network. It allows aircraft to fly safer flight paths, provides more reliable landings, and eliminates reliance on ground-based navigation aids. This enables pilots to navigate aircraft more precisely and efficiently, while also being able to fly to lower altitudes in to airports where limited visibility upon approach is common due to weather and characteristics of the terrain.

This effort, which has been in development for more than 10 years, will allow Horizon to deliver more reliable service for its valued customers. Additionally, the company expects to save up to $600,000 a year by completing flights that would have would have otherwise been diverted or cancelled due to weather. Alaska and Horizon Air are the only major U.S. carriers with a fully RNP-equipped fleet and fully-trained flight crews. “Just in time for the ski season and holiday travel, the expected improvement in reliability this brings to our airport during inclement weather will greatly benefit our customers traveling to the area as well as local residents,” said Chris Pomeroy, airport manager at Friedman Memorial Airport. “This is a fantastic complement to the other recent facility improvements, including our newly renovated passenger terminal and new concessions.”

Uncategorized November 10, 2016

The Trump Effect

The Trump effect. How will it impact the US economy and housing?

By Matthew Gardner, Chief Economist, Windermere Real Estate

The American people have spoken and they have elected Donald J. Trump as the 45th president of the United States. Change was clearly demanded, and change is what we will have.

The election was a shock for many, especially on the West Coast where we have not been overly affected by the long-term loss in US manufacturing or stagnant wage growth of the past decade. But the votes are in and a new era is ahead of us. So, what does this mean for the housing market?

First and foremost I would say that we should all take a deep breath. In a similar fashion to the UK’s “Brexit”, there will be a “whiplash” effect, as was seen in overnight trading across the globe. However, at least in the US, equity markets have calmed as they start to take a closer look at what a Trump presidency will mean.

On a macro level, I would start by stating that political rhetoric and hyperbole do not necessarily translate into policy. That is the most important message that I want to get across. I consider it highly unlikely that many of the statements regarding trade protectionism will actually go into effect. It will be very important for President Trump to tone down his platform on renegotiating trade agreements and imposing tariffs on China. I also deem it highly unlikely that a 1,000-mile wall will actually get built.

It is crucial that some of the more inflammatory statements that President-Elect Trump has made be toned down or markets will react negatively. However, what is of greater concern to me is that neither candidate really approached questions regarding housing with any granularity. There was little-to-no-discussion regarding housing finance reform, so I will be watching this topic very closely over the coming months.

As far as the housing market is concerned, it is really too early to make any definitive comment. That said, Trump ran on a platform of deregulation and this could actually bode well for real estate. It might allow banks the freedom to lend more, which in turn, could further energize the market as more buyers may qualify for home loans.

Concerns over rising interest rates may also be overstated. As history tells us, during times of uncertainty we tend to put more money into bonds. If this holds true, then we may see a longer-than-expected period of below-average rates. Today’s uptick in bond yields is likely just temporary.

Proposed infrastructure spending could boost employment and wages, which again, would be a positive for housing markets. Furthermore, easing land use regulations has the potential to begin addressing the problem of housing affordability across many of our nation’s housing markets – specifically on the West Coast.

Economies do not like uncertainty. In the near-term we may see a temporary lull in the US economy, as well as the housing market, as we analyze what a Trump presidency really means. But at the present time, I do not see any substantive cause for panic in the housing sector.

We are a resilient nation, and as long as we continue to have checks-and balances, I have confidence that we will endure any period of uncertainty and come out stronger.

Uncategorized November 6, 2016

SVED Community Newsletter – Takeaways on the Housing Summit

The following information is from the Sun Valley Economic Development (SVED) Community Newsletter:

 If you would like to be added to the SVED mailing list, please email Doug Brown.

TAKEAWAYS ON HOUSING SUMMIT

A record 265 people registered for our 5th Annual Economic Summit presented on October 6th, including many government leaders from all Blaine cities, county, and state government. Businesses, individuals, educators, and non-profits were all represented.  We asked for feedback from about sixty people, and we listened carefully. Takeaways:

  1. The agenda was solid with input from employers, builders, developers, realtors, and regulatory authorities.
  2. The message resonating from the cumulative speakers and panelists was that we have a big challenge in our middle income housing availability going forward.
  3. The data analysis confirms that we now have market rate middle income housing needs in addition to the subsidized affordable housing needs.
  4. There are many future housing opportunities in the several jurisdictions, but many question if the “political will” exists to make the changes necessary to actually get the middle income housing built that the community says it wants and needs.
  5. Having all the stakeholders in the room gave everyone a chance to hear the same message:  we need housing.
  6. We need ACTION was a big theme.
 

 

 

BLAINE COUNTY MIDDLE INCOME HOUSING INITIATIVE

 

SVED is setting up a process to help move the valley wide community to positive change in the housing outlook. Most towns in America are dealing with similar issues. It is going to take all of us working together and making this a major priority if we expect to make progress. Not moving forward is really not an option if we value our quality of life. Lack of appropriate housing is already impacting our employers’ ability to grow and even maintain their businesses which serve our community’s basic economic needs.

 

SVED is willing to serve as a catalyst to get everyone moving in the right direction. We hope you all choose to be a part of the solution. Here is the proposed process info graphic:

 

OUR HOUSING DILEMMA

Housing Costs in Blaine County

Image from Idaho Mountain Express Almanac

SAVE THESE IMPORTANT 2017 DATES NOW

 

Wednesday, January 18th, 5-7pm

Housing Followup – Ketchum Community Library

 

Wednesday, March 29th, 5-7pm

1% LOT for AIR Extension Campaign – Ketchum Community Library

 

Wednesday, June 21st, 5-7pm

Annual Economic Profiles – Ketchum Community Library

 

Thursday, October 5th, 5-7pm

VIP Reception for Economic Summit (Location TBA)

 

Friday, October 6th, 8am-2pm

6th Annual Economic Summit – Sun Valley Resort

 

Uncategorized November 3, 2016

Dawn to Dusk in Sun Valley-National Geographic

Discover some of our favorite activities in Sun Valley, Idaho, as they happen by day and night.                                                                        Photographs by Ian C. Bates Written by Gulnaz Khan

 

Dawn Dusk
The charming resort city of Sun Valley in central Idaho offers something for every type of adventurer. Spend warm summer days hiking wildflower-filled trails and biking scenic mountain paths, and brisk nights bowling at the lodge or sipping whiskey at the pub. As the leaves turn golden and frost settles over the valley, ski, snowboard, and ice-skate by day, and cozy up by the fire with a cup of hot cocoa for a relaxing evening.

Hike or horseback ride up Dollar Mountain to watch Sun Valley’s magical landscape transform as the sun goes down. During the day rolling clouds cast the wild scene in light and shadow. As the evening sky darkens into denim, Ketchum’s speckled streetlights create a glittery display.
Painters spend the afternoon capturing the Sun Valley’s sweeping landscape, immortalizing its golden grasses, evergreen trees, and layered mountains on canvas. In the evening, spectators can view nature through an artist’s eyes with a visit to the Gail Severn Gallery in Ketchum, which features artists like Michael Gregory.
A great day in Sun Valley begins and ends on Main Street, which offers an eclectic array of boutiques and restaurants for all tastes. Start the day with a steaming cup of joe at Lizzy’s Fresh Coffee, and return in the evening for some hand-tossed pizza, cold beer, and football at Whiskey Jacques.
Fly fishers cast their lines into the rushing waters of the Big Wood River, which stretches 137 miles through central Idaho. Even if you don’t hook a trout, you can still sink a ball during a late night a game of pool at Casino bar in Ketchum.
The early morning sun shines over the rolling meadows, lodgepole forests, and Boulder Mountain Range along the 19-mile Harriman Trail. After a day of mountain biking, give your legs a rest with a windows-rolled-down drive back to town, and watch the mountains transform as night settles over Bald Mountain.
Paragliders satisfy their thirst for adventure on Bald Mountain’s ivory slopes underneath cotton-white clouds. Down the mountain, patrons of the cozy Sun Valley Lodge get their heartbeats going with a spirited game of bowling in one of the Northwest’s oldest alleys.
Bathers luxuriate the day away in one of the area’s plentiful natural hot springs, which reach piping temperatures of 124ºF. Continue your aquatic adventures at night with a dip in the heated pool at the Sun Valley Lodge.
Skaters glide across the outdoor ice rink at the Sun Valley Lodge, admiring the mountainous backdrop. After a day on the ice, grab a hot cocoa and gaze into the star-speckled sky.