According to recent data supplied by the Sun Valley Board of Realtors, the number of housing unit sales in the Blaine County dropped 10 percent in 2019 compared to 2018, while sale prices per square foot increased by 6.7 percent.
The real pinch in housing supply is in the under $500,000 range of homes, real estate broker Dan Gorham said.
“Right now, we have a two-month supply if we were to sell at the same rate as last year,” he said.
Construction investments at the high end of the market appear to be wise; the median sales price in Ketchum for a single-family home rose from $1.2 million to $1.5 million. Sun Valley saw average sales prices rise from $1.85 million to $2.4 million. Sales in those two areas increased by 63 percent and 21 percent, respectively.
For full story see the Friday edition of the Mountain Express.