Is Sun Valley real estate still a bargain?

So the time has come to start shopping for your dream vacation ski home; the market seems to be coming back and you want to take advantage of pricing and interest rates before they increase again.  Where will you buy? Sun Valley, Aspen, or maybe Jackson Hole? All of these resorts have their own great qualities and will provide a great second home location wherever you choose.

How do the list prices compare between these different resorts?

We did a study in our office regarding condo pricing in the neighborhoods in Jackson Hole (Teton Village), Aspen (Core) and Sun Valley (West Ketchum). Here is what we found:

The West Ketchum area of Sun Valley Resort, which is the residential area next to River Run ski area, offers great value for condos near the chair lift when compared to similar locations in Jackson Hole and Aspen.

The overall average list price for condos currently listed is $523,720 in West Ketchum versus $731,000 in Teton Village (Jackson Hole), and $707,000 in the Aspen Core.  For instance, when looking for a three bedroom condo, there is nothing under $1,000,000 in the Aspen Core.  The average list price in Teton Village is just under $947,500, and the average list price is $683,000 in West Ketchum (Sun Valley).

All figures were drawn from Sun Valley Board of Realtors MLS, Aspen MLS and Jackson Hole MLS available online.  Pricing and listing data changes daily.

You haven’t missed the opportunity to purchase property at a low price in Sun Valley, and even as prices begin to rise, there is still plenty of value in the Sun Valley market versus other ski towns. Give your Sun Valley Sotheby’s International Realty associate a call today to see what is available in your price range, and start making your ski home dream come true!

Written by Katherine Schroder and Martha Hausmann