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Hello Cheryl,
Housing prices continued to go up in Blaine County in 2022 compared to recent years, data released this week by the Sun Valley Board of Realtors indicates. The median home price in Blaine County increased 10% in 2022 compared to 2021, sales figures show.
However, home prices did not increase throughout the county. Median home prices in Hailey and Bellevue dropped significantly from the third quarter of 2022 to the end of the fourth quarter, the data shows. Meanwhile, prices in Ketchum and Sun Valley increased over the last three months of the year.
The Board of Realtors stated that “several more quarters of data will be required to determine whether this indicates that prices in the South Valley have peaked in response to local and national market factors such as low inventory and high interest rates,” or whether the drop was the result of “short-lived supply or demand irregularities.”
Monica Hebert, Board of Realtors president, stated in a recent news release that the overall number of homes sold was down in 2022 from previous years. “While the volume of residential transactions in 2022 in Blaine County is significantly less than the record years of 2020 and 2021, with a 36% drop in the number of homes sold in 2022 versus 2021, the fact that the countywide residential median price increased 10% shows the continued strength of the Sun Valley region, especially when compared to urban areas where home values have decreased,” Hebert said. “The quality of place offered by our communities is superior in the Mountain West.
For a detailed snapshot of market activity, please click on this link.
Sincerely,
Cheryl Concannon, M.A., SRS
Resort & 2nd Home Specialist
website #1
website #2
e-mail
208.720.4806
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Racing ’round the World with Local Haley Cutler | Haley Cutler is making a name for herself, not only here in the Wood River Valley but also in the skiing world. At 25, Cutler has jumped back into racing and is competing around the world, from placing 1st in Giant Slalom in Jackson to traveling across Europe for the Europa Cup in the Super G discipline. However, racing isn’t anything new for her. Starting as a young skier, Cutler was a part of the Sun Valley Ski Education Foundation (SVSEF), went on to ski collegially at both University of New Mexico and Montana State University, and then became a coach for SVSEF. More | |  |
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Sun Valley Museum of Art
(208) 726-9491 Email Event website
Now through Sat, Mar 18th
Sun Valley Museum of Art
191 Fifth Street
| The Color of Sound explores the relationship between art and synesthetic experience. It features artwork by artists who are synesthetes – who experience synesthesia, the phenomenon by which certain people experience one sense through another – as well as work by artists who, though not synesthetes, seek to create synesthetic experiences for viewers. | | | |
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What is Windermere Ready?
Improvement money to prepare your home for resale.
SIMPLE, SPEEDY APPLICATION PROCESS
QUICK FUNDING
NO PAYMENTS DUE BEFORE CLOSING
CONCIERGE-LEVEL SERVICE
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201 Garnet Street
Ketchum, ID
$5,295,000
4 BD/5 BA
3,721 Sq. Ft. .25 AC
SINGLE FAMILY HOME
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A spectacular NEW CONSTRUCTION project in one of the oldest and most sought after locations in Ketchum. This home checks every box. Plans are available for review and construction is underway. The flexible floorplan features a main floor master, a 2nd master upstairs, a huge great room and an accessory dwelling over the garage which may be accessed from the main house via the upper patio.
Details
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220 Picabo Street 7A
Ketchum, Id
(Warm Springs)
$1,295,000
3 BD/3 BA 1200 Sq.Ft.
CONDO
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Enjoy this light and bright furnished 3-bedroom 3-bath condo steps from the ski lifts in Warm Springs Village and Sun Valley Ski Lodge. Quiet upstairs end of the building condominium. Soak Apres from the complex hot pool after your ski days on Baldy or summer hikes and rides. Parking and ski storage. They don't build Warm Spings homes like this any more at the base of World Class Sun Valley skiing.
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297 Wood River Drive #I
Ketchum, ID
$1,875,000.00
3 BD/3 BA + 2 car garage
2,188 Sq. Ft. .03 AC
TOWNHOUSE
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Located on the bike path near downhill skiing & town and offers spacious 3 bedrooms and baths. Furnished, it features 2 gas fireplaces, A/C, a new roof, a private hot tub, hardwood floors, a new furnace, views, high ceilings, a great room + a heated 2 car garage. An easy walk to the ski lodge and Gondola or downtown from the property, the bike path offers cross county skiing and cycling. JUST LISTED
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Ketchum takes over Blaine County Housing
Authority Staffing and Administration
New arraignment will allow for permanent staff to work on affordable housing.
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The new alliance between Ketchum and the Housing Authority comes after a failed attempt last May to raise local-option-tax collection percentages on things such as lodging and by-the-drink liquor sales. The taxes are a special type of collection made available to Idaho resort cities to offset the increased costs of hosting and providing services to large numbers of tourists. This May, the city will try again, this time with a tweaked approach. The Ketchum ballot question will ask voters whether they are in favor of or against extending a 1% supplemental LOT for five years starting on July 1, 2023, and splitting the revenue to allocate 0.5% to support commercial air service and 0.5% for the preservation and creation of workforce housing. Full Article Here | |
Congratulations Sun Valley | | | | |
