Key Takeaways for Elkhorn’s Condo/Townhome Market

📊 March 2025 vs. 2024 Previous Period

Stylish Resort Living

🔄 Inventory (Condos/Townhomes For Sale)

➡️ 20 active listings in March 2025
🔽 Down 35.5% from Feb 2025 (31 listings)
🔼 Up 42.9% from March 2024 (14 listings)

📈 Inventory is shrinking month-to-month, but still well above last year — a mixed signal for buyers.

✅ Condos/Townhomes Sold

➡️ 3 sales in March 2025
➡️ Flat from Feb 2025 (also 3 sales)
🔼 Up 200% from March 2024 (1 sale)

📊 Market demand appears stable, and significantly stronger than this time last year.

📅 Pending Sales

➡️ 5 units under contract in March
➡️ Flat vs. Feb 2025 (also 5 units)
🔽 Down 16.7% vs. March 2024 (6 units)

🧭 Momentum has held steady month-over-month, though slightly lagging last year’s pace.

📅 Mid-April 2025 vs. Recent Trends

📌 Period: April 1–14, 2025

🔄 Condos/Townhomes For Sale

➡️ 20 active listings
🔽 Down 9.1% from March 1–14 (22 listings)
🔼 Up 5.3% from April 1–14, 2024 (19 listings)

✅ Inventory remains higher than last year, though showing a dip in early April.

✅ Units Sold

➡️ 4 sales so far in April
🔼 Up 100% from March 1–14 (2 sales)
🔼 Up 33.3% from April 1–14, 2024 (3 sales)
🔼 Year-to-date: 14 units sold, up 133.3% from 2024

📈 Sales are gaining strength early this month — 2025 is outperforming last year significantly.

📅 Pending Sales (MTD)

➡️ 2 new pendings in April so far
🔽 Down from 3 in early March
🔼 Up from 1 in April 2024
🔼 YTD pendings: 14, up 27.3% compared to 2024

🔄 Moderate buyer activity early in April — YTD is trending positively.

🔍 Key Takeaways for Elkhorn’s Condo/Townhome Market

📦 Inventory levels are down from last month but still ahead of last year → good balance for buyers.
💰 Sold volume is up significantly year-over-year → strong sign of buyer confidence.
📉 Pending sales are mixed, showing a pause in April but higher YTD totals.
📆 2025 continues to outpace 2024, especially in closed transactions.

🎯 This data reflects only condos and townhomes in the Elkhorn area of Sun Valley, Idaho — single-family homes not included.