To say the Sun Valley real estate market is recovering is beginning to sound like an understatement. Rebound is quickly becoming a better term to describe our local market. Short sales and foreclosures in Ketchum and Sun Valley have all largely passed through the market. The few remaining distressed and bank owned properties in Hailey are selling like hot cakes.
As our market shifts, lack of available inventory is quickly becoming our biggest issue. So what happens when you have lack of supply and high demand? Upward pressure on pricing, that’s what. Multiple competing offers on properties and buyers chomping at the bit in anticipation of new listings. That an increased demand for land and even, you guessed it, new construction which we are beginning to see in Hailey as well in the higher end markets in Ketchum and Sun Valley.
It’s an exciting time to be in the business of real estate here in Sun Valley. We’ve weathered the storm of the recession, licked our wounds, learned our lessons, got stronger and smarter and we are ready to go to work for you as we spring ahead into what promises to be an incredible summer selling season here in Sun Valley. Ready to get started?