There were 69 home closings reported for the month of September in Blaine County, according to the Sun Valley Board of Realtors Association.
In its September real estate market report, the association uses year-to-date, January to September 2019, data for median sales prices, instead of monthly data.
“Using a larger sample size gives a more accurate representation of median sales prices, rather than relying on anomalies that skew data in monthly figures alone,” the association stated.
The report covers only Blaine County single-family homes, condominiums, townhomes and duplexes.
For September 2019, Blaine County showed the following year-over-year figures:
• The median sales price year-to-date, January to September 2019, was $475,000, up 10 percent, year-over-year.
• The number of homes sold ended at 69, up 33 percent, year-over-year.
• The average number of days on the market was 180, down 43 percent, year-over-year.
• The number of for-sale properties is 455, down 20 percent, year-over-year.
“After a slower-than-usual summer, September closed out with higher activity in Bellevue, Elkhorn and Sun Valley year-over-year,” the report stated.
“Looking ahead, we expect that the market will continue to see steady sales for the remainder of 2019,” said Ned Burns, Sun Valley Board of Realtors president. “Properties for sale continue to have fast market times as we enter the third quarter.”
A breakdown of Blaine County’s median sales price, year-to-date, in each city (and Ketchum’s sub-regions) shows:
• Bellevue: $380,000 (up 25 percent).
• Hailey: $390,000 (up 5 percent).
• Ketchum: $795,000 (up 16 percent).
• North of Ketchum: $1.225 million (up 28 percent).
• South of Ketchum: $850,000 (down 18 percent).
• Warm Springs: $585,000 (up 7 percent).
• Sun Valley: $607,000 (up 2 percent).
• Elkhorn: $390,000 (up 5 percent).
The Sun Valley Board of Realtors is a trade organization for the real estate industry and related fields, with more than 300 members.