“2003-2004 Condo & Townhome Market Review”

The Sun Valley real estate market remains attractive, especially for condos and townhomes, with mixed trends from 2023 to 2024. While some areas show rising prices and demand, others are seeing declines, creating a dynamic landscape for buyers.

Condo and Townhome Market Overview

Warm Springs

Properties Sold: Down 4%

Median Sold Price/SqFt: Up 29%

Insight: Luxury buyers and outdoor enthusiasts maintain demand.

Ketchum

Properties Sold: Up 14%

Median Sold Price: Up 11%

Insight: Cultural amenities drive continued interest.

Elkhorn

Properties Sold: Down 36%

Median Sold Price/SqFt: Down 4%

Insight: Buyer preferences may be shifting.

Sun Valley

Properties Sold: Down 25%

Median Sold Price: Down 14%

Insight: Economic factors influence buyer sentiment.

Conclusion for Condos and Townhomes Ketchum is thriving with rising demand, while Sun Valley faces adjustments. Buyers may find opportunities in areas with softened prices, making it important to stay informed about local trends.

Luxury living in Sun Valley