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25TH ANNUAL TRAILING OF THE SHEEP IS BACK!

After a one-year hiatus, the sheep and all the Trailing of the Sheep festivities are back! The world-renowned festival starts on Wednesday, October 6, with the popular Folk Life Fair on Saturday at McKercher Park in Hailey, and the "you gotta see it to believe it!" running of the sheep down Main Street in Ketchum happening Sunday at noon. Great food events, speakers, music, and so much more than just some sheep running through the town!

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SEPTEMBER MARKET UPDATE

Typically, September is one of the quietest months of the year for closed sales. This is due in part to the fact that many deals are agreed upon in July and August, during the busiest tourist season of the year, and a normal 60-day closing cycle therefore skips over September. Interestingly, October is usually one of the busiest months for closed sales due to this fact.

However, the last two years have seen this trend come to a screeching halt. Closing cycles are now often 30 days, meaning all those deals agreed upon in July and August are closing in September. As a result, September of 2020 was the busiest month in the HISTORY of the market for closings (195 closings and $187.6M in closed dollar volume), and September of 2021 was about twice as busy as a normal September (pre-Covid).

To see all the numbers for September, click here for the latest market report. 

Sun Valley Market Update September 2021.jpg

WAGON DAYS IS A'COMIN'!

After a 1-year absence, the beloved Wagon Days Festival is back on track to enthrall us and remind us of the mining history of the area. This year's events will take place on Saturday and Sunday, Sept 4-5. The Big Hitch Parade is Saturday at 1:00 along Sun Valley Rd and through downtown Ketchum. Whether you've seen it 25 times or never before, the parade is always stunning! Here's a sneak peak of what to expect (though it's no substitute for the real thing!). 




THE SYMPHONY IS IN FULL SWING!

After a year of virtual performances, the Sun Valley Summer Music Festival is playing at the Sun Valley Pavilion this summer, and the crowds are loving it! Here's a look at the rest of the schedule, which runs until August 19th.


THE SECOND HALF OF JULY IS BUSY BUSY!

As noted previously, the events and festivals are back in Sun Valley, and the schedule for the second half of July is as packed as you could ever hope for.
Here are some of the highlights for the second half of July:
17-20   Sun Valley Writers' Conference
17-18   Sawtooth Festival
19-23   Sun Valley Wine Auction
22-24   Sun Valley Tour de Force
24   Standhope Ultra Challenge (Mountain Runnig Race)
24   26th Annual Garden Tour
24   Galena Grinder (Mountain Bike Event)
25-27   Sun Valley Jewish Film Festival
29   Pump Track Challenge
26++   Sun Valley Music Festival


A REVIEW OF THE FIRST HALF OF 2021

Here is a video compilation of some of the 180 closings our agents and their clients have completed in the first six months of 2021. 



WHY WE LOVE SUMMER IN SUN VALLEY!




OUR ARTS DISTRICT BLOCK PARTY! | JUNE 17, 2021

We had a great opening to summer at our Ketchum Arts District Block Party, which our brokerage co-hosted with Maude's, Cozy, The Open Room, and Premier Cleaners. Four of these businesses are new to the First Ave & Sun Valley Rd area, so we wanted to take the chance to introduce ourselves to the neighborhood.

Our raffle collected nearly $1500 for the Hospice and Palliative Care of the Wood River Valley organization, which is housed in the Arts District. To donate to their awesome work, click here.

Thanks to Road Bars, Taqueria Al Pastor, and Diavola Pizza for being part of the event! 


SUMMER SCHEDULE FILLING OUT

After a year where almost no events or festivals happened (was going to say "virtually" but realized that would have been incorrect because there were some virtual events last year!), our summer calendar for 2021 is taking shape and man, there is a lot going on! Here are some highlights for the end of June and first part of July. 


June
25-28    Sun Valley Wellness Festival
28-Jul 1 Western Days

July
2-5        Hailey Days of the Old West
4           Riverfest in Hailey
6-10      Allen & Company Meeting
8           Swiftsure Ranch Cowboy Ball
8           Timothy Egan Lecture
9-11      Ketchum Arts Festival
12-13    Ballet Sun Valley
17-20    Sun Valley Writers’ Conference
19-23    Sun Valley Wine Auction
22-24    Sun Valley Tour de Force
24         Standhope Ultra Challenge
24         26th Annual Garden Tour
26         Baldy Gondola Opens!
25-27    Sun Valley Jewish Film Festival
26-A19  Sun Valley Music Festival

And don't forget about the "regulars" such as:
Tuesdays    Ketch'em Alive
Tuesdays    Ketchum Farmers' Market
Saturdays   Hailey Farmers' Market
Sundays     Jazz in the Park

So great to have an arts and culture-filled summer. Enjoy yourself whether you are at an event, out on a trail, or just strolling through town. It's bound to be busy this summer, so let's all lead with kindness!


GOLF SEASON BEGINS

There are five golf courses in the Wood River Valley, and now that the snow has melted and the weather is warming, locals and visitors are getting their swings into shape. Here is a breakdown of the area's five courses; not all are public so please call ahead for information. From north to south:

The Bigwood Golf Course
This public 9-hole course, a local's favorite since 1971, offers views of the north side of Baldy from almost every hole.
208-726-4024 | Bigwood Golf Course

White Clouds Course
The newest course in the Wood River Valley, White Clouds is a 9-hole course on the north side of the Sun Valley Resort. Its elevated setting ensures that golfers will be looking at the 360-degree mountain views as much as they are looking for the pins!
208-622-2251 | White Clouds

Sun Valley/Trail Creek
This 18-hole course, designed by Robert Trent Jones Jr in 1980, is the Sun Valley Resort's signature course. Also featuring an 18-hole putting course, and the always-popular Sun Valley Clubhouse.
208-622-2251 | Trail Creek Course

Elkhorn Course
Also designed by Robert Trent Jones Jr (with the help of his more famous father), Elkhorn opened in 1974. The hilly course has many sand and water hazards, challenging all levels of golfer. The views of the Boulders are also exceptional.
208-622-2251 | Elkhorn Golf Club

The Valley Club
Located directly between Ketchum and Hailey, this private course offers a great design and fabulous mid-valley mountain views.
208-788-5400 | thevalleyclub.org

And in Twin Falls

There are three courses in Twin Falls (which starts their season about a month earlier and ends a month later).
Blue Lakes Country Club | 208-733-2330
Canyon Springs Golf Course
 | 208-731-7609
Twin Falls Golf Course
 | 208-733-3326

Sun Valley Golf Course


"SLACK-TIVITIES" TO KEEP YOU BUSY FOR SHOULDER SEASON

First of all, what is "Shoulder Season" (also known in mountain towns like ours as "Slack")? Historically, the month or two after the ski area closes, and before summer hits its stride, is known as Shoulder Season. 

Here are some options to help keep you active and occupied through the down time between winter and the summer. If you have any other recommendations, let our office know and we'll include them! For more information on these selected "Slack-Tivities," click on the images.

Botanical Garden.JPG Botanical Garden.JPG Botanical Garden.JPG

Botanical Garden.JPG Botanical Garden.JPG Botanical Garden.JPG

Botanical Garden.JPG Forts.JPG Forts.JPG

Whatever you do in April and May, play it safe and take advantage of all the wonderful things to do in Central and Southern Idaho!


ARCHIVED BLOG POSTS BELOW

CELEBRATING INTERNATIONAL DARK SKY WEEK

You can learn more about our designation as an International Dark Sky Community by clicking here. And since it is International Dark Sky Week (April 5 thru 12), make sure to get out one of these evenings and enjoy our sky's tapestry of stars.


Sun Valley Dark Sky Stars  Sun Valley Dark Sky Dusk Blue


MARCH MARKET UPDATE

Click here for the full March real estate market report, and see the notes below for some of the market's highlights from the last month.

-The overall market is still tracking well ahead of 2020’s pace; expect this to continue until June or July, when last year’s record activity began
-Home and Condo/TH sales were both flat this month versus March of 2020, due to an historically low amount of residential properties for sale
-Vacant Land sales continue to be astonishing; sales are up 337% over last year, and sold dollar volume is up 262%
-Hailey and Bellevue are the most active micro-markets in the valley, especially Bellevue, which has seen an increase of over 300% for both sales and sold dollar volume versus 2020
-There are only 81 residential properties available (not under contract) as of April 1, 2021
-Highest Residential Sale (List Price): $6,900,000
-Highest Vacant Land Sale (List Price): $3,500,000



BHHS CONVENTION HIGHLIGHTS

Some highlights from the convention include:
-CEO Chris Stuart introduced the IQ Influencer Network, a system exclusive to Berkshire Hathaway HomeServices agents designed to elevate agents' skills and influences in real estate locally and globally.
-Vernice "Flygirl" Armour, the first female African American combat pilot, delivered a stirring keynote address on Day 2, articulating how the last year has felt almost like being in a combat mission, as the playing field and strategies shift daily and what you knew yesterday might not be relevant today. Armour's messages have relevance and resonance no matter what field someone works in or where they live. I encourage you to learn more about her here. (And here is her instagram account.)
-Our office was recognized a couple of times in the awards section of the convention. Along with our Boise-area partner BHHS Silverhawk Realty, BHHS Sun Valley Properties was named as the #37 most productive company in the entire BHHS network (some 1500 companies), making us part of the Elite Circle. We also had one of our agents in the Top 10 for agent production (out of 60,000 agents)! 
-Finally, one of our owners and an agent led a breakout session called "Resort Market Boom," with more than 250 guests attending to learn how and why Mountain Resort markets like Sun Valley, Park City, Jackson, and so on have seen such massive upticks in activity in the last 10 months. 

Lots of other moments of note, including having John Legend play for us from his living room in support of Sunshine Kids, BHHS's preferred charitable organization. In 2020 BHHS raised $1.645M for Sunshine Kids, and since 1991 has raised a total of $35.5M!

Sun Valley Silverhawk No 37 BHHS Sun Valley Silverhawk No 37 BHHS Sun Valley Silverhawk No 37 BHHS
L to R: Vernice Armour, John Legend, BHHS SVP and Silverhawk being recognized as Company #37


NORDIC SKIING IN SUN VALLEY

To make the most of your Nordic pursuits, visit the following sites: 
Blaine County Rec Dept Winter Trails
Visit Sun Valley
Sun Valley Nordic Center
Galena Lodge & Trails


If you are looking for competitive events, visit:
Boulder Mountain Tour Nordic Festival (late Jan/early Feb)
SVSEF

There are many stores in the valley who carry gear for purchase or rent, including a couple of second-hand stores. Rather than list them all here, call, email, or text for a recommendation.




SKIING & SNOWBOARDING SUN VALLEY

For those who haven't ever been here, take a look at this brief slideshow video demonstrating what skiing and snowboarding on Baldy and Dollar looks like. Visit Sun Valley's website for info about accommodations, tickets, and the like. 




PROPOSED CAMPGROUND WEST OF HAILEY SPARKS CONTROVERSY

The city of Hailey is nearing agreement on the development of a 33-site campground on a city-owned parcel of land on the south side of Croy Canyon Road, between Lions Park and Mountain Humane. Currently, there are no official or federal campgrounds near Hailey, the closest being sout of Bellevue or north and east of Ketchum. The city has requested just over $730,000 in funds for this campground. 

There are varied opinions about the site that has been chosen for the campground. While most people seem to agree that a campground near the Hailey city limits is a good idea, the location of it is causing the controversy. The parcel of land where the campground is proposed has a lot of animal traffic, and the potential for evironmental damage or human-started fires is too high to risk, according to those who oppose the project. 

Here are a couple of links that add more context to the situation: Mountain Express article | Boise Dev article 

Hailey Croy Canyon
The proposed campground is in the brushy part of the photo, just below the base of Della Mountain (bottom right of photo)

FEBRUARY REAL ESTATE MARKET REPORT

February is typically a quieter month for real estate activity in Sun Valley. But as the last few months have demonstrated, there really are no quiet months in real estate anymore.
Click here for the full February real estate market report, and see the image below for some of the big picture numbers.


A BUSY FEBRUARY WEEKEND!

Asian restaurants to help celebrate the Lunar New Year:
China Panda | Rickshaw | Sushi on Second | Dang's | Taste of Thai | Silver Dragon

Restuarants for a romantic dinner (please call ahead to find out if they are seating people in the restaurant and/or whether they provide carry-out):
Vinatge | Cookbook | Covey | Il Naso | Enoteca | Roundhouse | Knob Hill | Rominna's | Ketchum Grill | Fuego | CK's

Activities for the long weekend (besides, of course, skiing the #1-ranked mountain in the West!):

Snowshoe with a Ranger at Galena Lodge
Winter Sleigh Rides at Sun Valley
Apres Dining at Galena Lodge
Craters of the Moon Nat'l Monument
Soldier Mountain Ski Area
Nordic Skiing at Quigley
Rotarun Family Ski Area
Hailey Ice Skating
Area Fly Fishing
Smiley Creek Snowmobiling
Sun Valley Heliski
Sun Valley Paraglide


JANUARY 2021 MARKET UPDATE

Click here to view the full January report. You can also view the full 2020 report by clicking here.


55 INCHES OF SNOW IN THREE DAYS!

From Wednesday morning, Jan 27, through Friday afternoon, Baldy received about 51" of snow, according to the mountain's snowstake. While it doesn't appear that this is a 48-hour record, many locals confirm that they can't remember a storm that brought this much snow to the mountain in such a short period.

Skier Baldy Sun Valley Idaho  


A REVIEW OF REAL ESTATE IN SUN VALLEY FOR 2020

Any review of 2020 has to acknowledge that the year was an anomaly in almost every sense. Records were set in almost every category and local micro-market, and the dearth of inventory (both existing and new builds) makes it fairly certain that the market will struggle to keep pace with 2020's activity this year.

That being said, here is a link to the complete report, which attempts to paint an overall picture as well as show the activity for all property types in the area's nine micro-markets (Custer County, North of Ketchum, Ketchum, Warm Springs, Sun Valley Village, Elkhorn, South of Ketchum, Hailey, and Bellevue & Beyond). 

Here are just a few of the record-breaking numbers for the entire market: 
•      Sales........................................1286
•      Sold Dollar Volume.....................$1,244,014,821
•      Sales Price for a Home................$18,000,000
•      Sales Price for Vacant Land..........$23,000,000
•      Average Sales Price....................$967,352

To get the most out of this report, please don't hesitate to reach out--let's have a conversation about 2020, and what to expect for local real estate in 2021.

Here is a look at the cover of the report as well as the first page of figures:

2020 Market Update Full Year 1 pg for newsletter.jpg 2020 Market Update Full Year 1 pg for newsletter.jpg



DONATIONS TO LOCAL NON-PROFITS

This holiday season, our brokerage made significant donations to 6 local Non-Profit-Organizations (NPOs). The organizations we have chosen to support are:
Holiday Baskets (the SV Board of Realtors annual gift-giving cause)
The Advocates
The Senior Connection
The Hunger Coalition
Men's Sober Living
National Alliance on Mental Illness (NAMI)

Here is a link to all the local NPOs.
Y All NPOs.JPG


WELCOME TO THE "FAMILY" BROADWAY LIFT!

Now in its 85th year, Baldy just keeps on getting better. Our #1-ranked ski resort just opened a brand new lift, Broadway, which will give skiers significantly more access to the Sunrise area. Here's the article in the Mountain Express. And click here to read the official announcement on Sun Valley's website.

Broadway lift.jpg

SUN VALLEY RANKED #1 BY SKI MAGAZINE READERS!

Finally, after finishing in the Top 5 for many of the last few years, Sun Valley Resort has been ranked #1 in Ski Magazine's 2021 Readers' Poll! Read the article here. 

Ski Mag No 1 Image Sun Valley.jpg


WHY WE LOVE FALL IN SUN VALLEY!