Sun Valley Sotheby's International Realty 2014 Overview

2014 YEAR IN REVIEWSun Valley, Idaho

The graph below tells the recent story of the Sun Valley real estate boom, bust, and recovery. Fifteen years ago, in the year 2000, the total real estate volume sold in the area was $449M. The next five years, you may recall, were incredibly, perhaps unsustainably, robust, and in 2005, the volume peaked to $926M. Inevitably, as the recession took over (and fires scorched central Idaho), the volume dropped, reaching a low of $208M in 2009.

Since that bottoming out, the local real estate market has climbed steadily, and the volume sold in 2014 represents an increase of 40% over 2013, and more than double what was sold in 2009. In fact, the volume sold in 2014 is the highest since 2007. 2014's numbers demonstrate sellers and buyers are conducting transactions with intel-ligent caution, a wise approach given the volatility in the market over the last few years. The slow growth means prices are not over-inflated, and suggests that the recovery is healthy and "real".

A 15-YEAR HISTORY OF THE SUN VALLEY REAL ESTATE MARKET

2014 SUN VALLEY MARKET OVERVIEW

Statistics provided by the Sun Valley Board of Realtors comparing units sold, average and median sales prices from 2009 to 2014

Number of Sales 672 (656 in 2013)Avg. Days on Market 210 (253)Total Sold Volume $415,941,772 ($303m)Average Sold Price $618,960 ($446k)Median Sold Price $302,000 ($277k)Median List Price $399,000 ($298k)

Units Sold, Average vs. Median Sold Prices

2009 2010 2011 2012 2013 2014

Units Sold 296 388 482 703 656 672

Average Sales Price $651,736 $714, 319 $495,050 $503,343 $446,830 $618,960

Median Sales Price $350,000 $377,750 $255,000 $225,000 $277,700 $302,000

800

700

600

500

400

300

200

100

0

$800k

$700k

$600k

$500k

$400k

$300k

$200k

$100k

$-

A 15-YEAR HISTORY OF THE SUN VALLEY REAL ESTATE MARKET

THE MARKET IN ELKHORN

THE MARKET IN SUN VALLEY

# of SalesDays on Market

Total Sold VolumeAverage Sold PriceMedian Sold Price

201233

306$30,530,000

$925,160$560,000

201332

359$29,528,500

$922,765$655,000

201440

199$36,279,500

$906,988$605,000



201277

346$39,191,000

$508,974$430,000

201364

305$28,114,850

$439,294$338,000

201451

176$39,522,210

$774,945$535,000

THE MARKET NORTH OF KETCHUM



201215

339$35,874,125$2,391,608

$931,125

201310

477$6,805,000

$680,500$517,500

201418

181$18,955,875$1,053,104

$780,000

THE MARKET IN KETCHUM



2012127284

$90,108,650$709,516$310,000

2013143258

$90,887,526$635,577$410,000

2014130278

$123,702,359$951,556$500,000

SVSIR had 9 Sun Valley sales in 2014 for $12,453,500, 34% of the market volume.

9 Elkhorn sales in 2014 for $7,484,750, 19% of the market volume.

5 North of Ketchum sales in 2014 for $6,301,500, 33% of the market volume.

25 Ketchum sales in 2014 for $14,289,100, 11.5% of the market volume.

THE MARKET IN WARM SPRINGS



201248

362$19,334,049

$402,792$261,450

201340

274$27,164,977

$679,124$545,500

201447

270$24,223,050

$515,384$349,000

THE MARKET IN MID-VALLEY



201257

263$50,597,876

$887,682$675,000

201358

336$40,915,100

$705,432$478,375

201469

246$80,261,373$1,163,208

$725,000

THE MARKET IN HAILEY



2012259192

$58,255,778$224,925$154,900

2013214178

$46,247,614$216,110$178,000

2014189159

$44,891,244$237,520$200,000

THE MARKET IN BELLEVUE AND BEYOND



201286

203$25,458,551

$296,029$147,950

201398

261$23,379,681

$238,568$167,000

201454

179$21,260,650

$393,716$165,000

9 Warm Springs sales in 2014 for $4,667,000, 19% of the market volume.

14 Mid-Valley sales in 2014 for $13,727,823, 17% of the market volume.

27 Hailey sales in 2014 for $6,619,000, 15% of the market volume.

7 Bellevue and Beyond sales in 2014 for $1,871,400, 9% of the market volume.

SVSIR MARKET SHARE AND OTHER FIGURES

*Information is deemed to be reliable, but is not guaranteed. Provided by Sun Valley Board of Realtors. 1/1/2013 - 12/31/2013

Percent of volume sold.

20.05

11.729.54

9.29

SVSIR Competitor 1 Competitor 2 Competitor 3

As the top selling brokerage in Sun Valley we have singular insight into today’s local real estate market. With our 33 experienced agents and the power of the world-renowned Sotheby’s Inter-national Realty brand behind us, we help buyers find the property of their dreams, and sellers connect with the right buyers.

222.5 total sides, 15.6% of overall local market$166,564,423 in volume, 20.05% of overall local market$748,604 average sale ($582,570 average overall)24% of the sales for over $1,000,000 were made by SVSIRAbsorption rate was 17,9%, up 41% from 2013Median sale price was $372,000, up 24% from 2013

SIGNIFICANT SALES IN 2014

Bellevue

Mid-Valley

Elkhorn

“I really loved this house--built so solidly, in such a gorgeous location. Being able to sell this house in the South Valley was

a great experience.” --SVSIR Agent

“We had a couple of great Elkhorn sales in January, properties that people said would be difficult to sell. It was wonderful to be

involved with these high-end sales!” --SVSIR Agent

Mid-Valley

Stanley“Bill Harrah loved Stanley, and it was wonderful to help carry

on his legacy and love for the area. Knowing Stanley will be revitalized gives me a great deal of satisfaction.” --SVSIR Agent

“Working with buyers who had come to town to bid on a specific home, another agent knew that I had a listing with very similar features. He drove them by on the way to the airport, they walked around the outside and returned home and made an offer. They are now the new owners of this gorgeous home.” --SVSIR Agent

“This is one of the most picturesque ranches in Blaine County. The clients were great to work with and were pleased with our performance.” --SVSIR Agent

© 2013 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. 1/1/2014 - 12/31/2014

IMAGINE A LIFE MORE ELEVATED

Sun Valley Sotheby's International Realty 2014 Overview

Documents

Transcript of Sun Valley Sotheby's International Realty 2014 Overview