Sun Valley Real Estate Market Indicators

Wondering what the market is doing in the Sun Valley area and beyond?

According to data from the Sun Valley Board of Realtors in January of 2013, the overall market was up 40% in volume sold in 2012 over 2011, a strong sign of recovery in the Sun Valley real estate market.

• Many areas and sectors of the market have seen median sales price gains, and we are beginning to experience sales price gains in Sun Valley and Elkhorn townhomes and condos.**

• Dollar volume of sold units in our area has had significant yearly gains in almost every sector since 2009, with our dollar volume sold being the best it has been since 2007.**

• A similar acceleration in prices has yet to materialize for the non-residential/commercial sector which peaked in 2005. More loss than gain over the last 7 years, with a small increase measured from 2011 to 2012, showing this area of the market has still not entered recovery.**

• REO sales peaked in the Sun Valley area in 2012, with a total of 190 distressed sales. The beginning of January 2013 holds only 18 REO properties on the market, with 50% of those pending. The falling share of distressed properties over time will lead to the median price of all homes to increase.**

• Existing national home sales have been rising roughly at 8% to 10% from comparable period one year ago. Shortage of inventory in some markets and excessively tight underwriting standards hold back potentially bigger gains. Sales will likely rise above 5 million units nationally in 2013. National Association of Realtors

• Nationally, home prices rose 5.5% in the 12 months ending in November 2012, for the 20-city composite. Prices are rising as are both new and existing home sales. These figures confirm that housing is contributing to economic growth. S&P Case Shiller
  
  

  ** Sun Valley Board of Realtors, 2012 over 2011

   

By providing a high level of services including professionalism, expertise and exceptional marketing to homebuyers and sellers, Sun Valley Sotheby's International Realty has remained the market leader in our area year after year.

 

If you are thinking of buying or selling a home, an associate from Sun Valley Sotheby's International Realty can help. Please call our office 208.726.5300 to schedule a complimentary consultation, or to contact your current SVSIR agent.

 

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