A REVIEW OF REAL ESTATE IN SUN VALLEY FOR 2020
Any review of 2020 has to acknowledge that the year was an anomaly in almost every sense. Records were set in almost every category and local micro-market, and the dearth of inventory (both existing and new builds) makes it fairly certain that the market will struggle to keep pace with 2020's activity this year.
That being said, here is a link to the complete report, which attempts to paint an overall picture as well as show the activity for all property types in the area's nine micro-markets (Custer County, North of Ketchum, Ketchum, Warm Springs, Sun Valley Village, Elkhorn, South of Ketchum, Hailey, and Bellevue & Beyond).
Here are just a few of the record-breaking numbers for the entire market:
• Sold Dollar Volume.....................$1,244,014,821
• Sales Price for a Home................$18,000,000
• Sales Price for Vacant Land..........$23,000,000
• Average Sales Price....................$967,352
To get the most out of this report, please don't hesitate to reach out--let's have a conversation about 2020, and what to expect for local real estate in 2021.
Here is a look at the cover of the report as well as the first page of figures:
DONATIONS TO LOCAL NON-PROFITS
This holiday season, our brokerage made significant donations to 6 local Non-Profit-Organizations (NPOs). The organizations we have chosen to support are:
Holiday Baskets (the SV Board of Realtors annual gift-giving cause)
The Senior Connection
The Hunger Coalition
Men's Sober Living
National Alliance on Mental Illness (NAMI)
We chose these organziations because of the roles they have played and are playing in caring for the valley's most vulnerable citizens in direct and crucial ways, especially this year. All of these local organizations work directly with the community, and have immediate expenditures which are being stretched this year more than ever.
Berkshire Hathaway HomeServices Sun Valley Properties and all its agents are proud to support these organizations and encourages all of our clients, if able, to consider giving to local charitable organizations this season. More help is needed right now than ever before. Here is a link to all the local NPOs.
WELCOME TO THE "FAMILY" BROADWAY LIFT!
Now in its 85th year, Baldy just keeps on getting better. Our #1-ranked ski resort just opened a brand new lift, Broadway, which will give skiers significantly more access to the Sunrise area (known to locals as Turkey Bowl for the following reason: before the Seattle Ridge lift was installed, ski patrolers used to love to hike into this area and ski the south-facing slopes and bowl. Once the lift was installed, it gave aceess to everyone, and the somewhat-chagrined ski patrolers began referring to the new population of skiers as "turkeys" since they had it so easy).
Here's the article in the Mountain Express. And click here to read the official announcement on Sun Valley's website.
We are lucky to have all this new space to ski and ride in. Thank you, Sun Valley!
SUN VALLEY RANKED #1 BY SKI MAGAZINE READERS!
Finally, after finishing in the Top 5 for many of the last few years, Sun Valley Resort has been ranked #1 in Ski Magazine's 2021 Readers' Poll!
No surprise to locals, this ranking is the result of the tremendous work that the ownership and staff at Sun Valley puts into the "Guest Experience."
Congratulations, Sun Valley. A well-deserved honor!
Read the article here.
OUR BROKERAGE IS SETTING THE PACE IN THE SUN VALLEY MARKET
In October, the 18 agents in our brokerage combined to sell 50 listings for over $70M in Sold Dollar Volume. These numbers are helping to establish our brokerage as one of the leaders in the real estate market in Sun Valley.
16 of these sales were for properties listed at $1M or more, and we have definitely played a significant role in Sun Valley's luxury market.
Onward and upward!
WHY WE LOVE FALL IN SUN VALLEY!