Sun Valley Housing
New residential construction has been substantial in Blaine County during the past decade, but th eaverage ssale price of a new home has still increased at a highter rate than earnings or personal income.
- During the last decade, between 200 and 400 new housing units were constructed each year.
- Over the last decade housing has become much more expensive for workers in Blaine county since average earnings per worker grew by 4.8% per year, considerably less than the reate of increase for home prices over the same period.
Recent Surveys:
AVERAGE PRICE OF RENTALS:
| Apartments/Condos |
Ketchum/Sun Valley |
Hailey/Bellevue |
| 1 Bedroom |
$800 |
$695 |
| 2 Bedroom |
$1,050 |
$920 |
| 3 Bedroom |
$1,815 |
$1,300 |
| Houses |
| 3 Bedroom |
$2,125 |
$1,400 |
| 4 Bedroom |
$2,950 |
$1,825 |
| source: Idaho Mountain Express & Wood River Journal |
AREA REAL ESTATE STATISTICS:
| AVERAGE SALES PRICE OF SINGLE FAMILY HOME: DISCLOSED SALES- 2006 |
| Sun Valley: |
$2,238,498 |
| Ketchum: |
$2,403,421 |
| Mid Valley: |
$1,918,594 |
| Hailey: |
$534,101 |
| Bellevue: |
$338,155 |
| Other: |
$287,338 |
| TOTAL # OF UNITS SOLD IN 2006 |
| Homes: |
267 |
| Condos/Townhouse: |
267 |
| Land: |
152 |
| Commercial: |
64 |
| Farm/Ranch: |
8 |
| Total Units Sold: |
758 |
| TOTAL $ VOLUME SOLD IN 2006 |
| Homes: |
$274,192,758 |
| Condos/Townhouse: |
$195,453,510 |
| Land: |
$73,188,734 |
| Commercial: |
$30,881,184 |
| Farm/Ranch: |
$16,977,783 |
| Total Sold: |
$590,693,969 |
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