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Colin Burke Real Estate, Ketchum, ID (2026)

10/20/2026

Buyers slipped back behind last year in the Wood River Valley. In the last 30 days, buyers signed contracts on 49 homes. A year ago it was 56. Last week the two were level, and one level week did not turn into a trend.

Here are the numbers for the last 30 days, against the same 30 days last year.

Buyers signed on 49 homes, down 12%. There are 337 homes for sale, down 5%. 44 homes sold, down 28%. And $88.4 million changed hands, up 7%. Total sales rose on fewer sales because the homes that sold were pricier. It takes one to two months to get from a signed contract to keys in hand, so the homes that sold this month were agreed to in August and early September. Homes that sold took 103 days, against 113 a year ago. Sellers got 94% of their asking price, against 96%.

Split by property type. Houses: buyers signed on 26, down from 33, and 21 sold, down from 30. There are 225 houses for sale against 212 a year ago. Condos held steadier: buyers signed on 18, the same as last year, and 18 sold against 24. Condos for sale fell to 79 from 92. Townhouses for sale fell to 24 from 35.

By town, homes for sale now against a year ago. Ketchum has 115, down from 123. Ketchum here includes Warm Springs and everything south of Ketchum. Sun Valley has 19, down from 30. Elkhorn has 43, down from 49. Hailey has 67, up from 63. Bellevue has 20, up from 15. If you own in Ketchum or Sun Valley, fewer homes are competing with yours. If you are buying in Hailey or Bellevue, you have more to choose from. Elkhorn had the busiest month for sales again: 10 homes sold, up from 5.

Prices over the last three months. The typical Ketchum condo sold for $1,050,000, up 9%, on 23 sales. Sun Valley condos reached $899,900, up 9%, on 27 sales. Hailey's typical house sold for $975,000, up 9%, on 29 sales. Sun Valley houses reached $3,400,000, down 4%, on 11 sales. Half sold above those numbers, half below. I am still not quoting a Ketchum house price. Only seven have sold in three months, too few to mean anything.

The 30-year mortgage is 7.40%, unchanged from a week ago. At this pace it would take 7.7 months to sell every home listed, up from 7.2 last week, because sales fell faster than listings.

WHAT HAPPENED IN THE VALLEY THIS WEEK

Ketchum's city council voted unanimously to take over 76 deed-restricted community housing homes in the city from the Blaine County Housing Authority. The agreement followed the end of the city's contract with the authority. The authority stays a separate organization. For one year, Ketchum would also manage the authority's homes outside the city at no cost. The authority's board meets Oct. 28 to vote on the agreement. Current and future residents should see no change, according to the city. The Idaho Mountain Express reported it Oct. 14. Ketchum has 115 homes for sale against 123 last year.

AROUND TOWN

Ballet Sun Valley Fall Festival, Oct. 22–23.

Want to know what your home would do in this market? Message me, or reach me at the link below.

10/14/2026

Buyers are back to even with last year in the Wood River Valley. In the last 30 days, buyers signed contracts on 51 homes. A year ago it was 50. That ends five straight weeks of falling behind.

Here are the numbers for the last 30 days, against the same 30 days last year.

Buyers signed on 51 homes, up 2%. There are 347 homes for sale, down 3%. 48 homes sold, down 17%. And $90.4 million changed hands, up 5%. The sold count lags for a simple reason: it takes one to two months to get from a signed contract to keys in hand. The homes that sold this month were agreed to back in August and early September, when buyers were signing less.

Split by property type. Houses led. Buyers signed on 32, up from 29, and sellers listed 38 new houses, up from 29. There are 237 houses for sale against 215 a year ago. Condos were quieter: buyers signed on 14 against 15, and 22 sold against 24. Condos for sale fell to 78 from 92.

By town, homes for sale now against a year ago. Ketchum has 115, down from 124. Ketchum here includes Warm Springs and everything south of Ketchum. Sun Valley has 21, down from 32. Elkhorn has 43, down from 48. Hailey has 71, up from 66. Bellevue has 21, up from 15. If you own in Ketchum or Sun Valley, fewer homes are competing with yours. If you are buying in Hailey or Bellevue, you have more to choose from. Elkhorn had the busiest month for sales: 10 homes sold, up from 5.

Prices over the last three months. The typical Ketchum condo sold for $1,110,000, up 15%, on 26 sales. Sun Valley condos reached $882,450, up 8%, on 28 sales. Hailey's typical house sold for $957,500, up 9%, on 28 sales. Half sold above those numbers, half below. I am still not quoting a Ketchum house price. Only six have sold in three months, too few to mean anything.

The 30-year mortgage is 7.40%, up from 7.28% a week ago. At this pace it would take 7.2 months to sell every home listed, up from 6.9 last week, because sales fell faster than listings.

WHAT HAPPENED IN THE VALLEY THIS WEEK

Ketchum's planning commission reviewed a proposed building at Second Street and Second Avenue. It has four market-rate homes, two ground-floor community housing studios and a small commercial space. The commission gave positive feedback on the design and unanimously recommended that the City Council approve the lot consolidation. The council reviews that before the commission takes up the final design. The Idaho Mountain Express reported it Oct. 7. Ketchum has 115 homes for sale against 124 last year.

AROUND TOWN

The Sun Valley Jazz and Music Festival runs Oct. 15–18.

Want to know what your home would do in this market? Message me, or reach me at the link below.

10/06/2026

Fewer homes for sale in Ketchum and Sun Valley. More in Hailey and Bellevue. That is the Wood River Valley market right now.

Here are the numbers for the last 30 days, against the same 30 days last year.

51 homes sold, the same as last year. Buyers signed contracts on 53, down 12%. There are 354 homes for sale, down 6%. And $88.8 million changed hands, up 23%. Sales held even, so the bigger dollar total means the homes that sold cost more. It does not mean every home gained 23%.

By town, homes for sale now against a year ago. Ketchum has 59, down from 73. Sun Valley has 21, down from 34. Elkhorn has 43, down from 46. Hailey has 76, up from 72. Bellevue has 20, up from 16. If you own in Ketchum or Sun Valley, fewer homes are competing with yours. If you are buying in Hailey or Bellevue, you have more to choose from.

Elkhorn had the busiest month for sales: 11 homes sold, up from 5.

Split by property type. 25 condos sold, up from 21, and buyers signed on 19, up from 18. Houses were quieter. 24 sold, down from 25, and buyers signed on 30, down from 33. There are 240 houses for sale against 226 a year ago, while condos for sale fell to 84 from 98.

Prices over the last three months. The typical Ketchum condo sold for $1,172,500, up 22%. Sun Valley condos reached $882,450, up 4%. Hailey's typical house sold for $997,250, up 14%. Half sold above those numbers, half below. Sun Valley houses came in at $3,400,000, down 29%, on only nine sales.

The part I'd keep an eye on: buyers have signed fewer contracts than last year five weeks running. It takes one to two months to get from a signed contract to keys in hand, so that shows up in sales later this fall. The 30-year mortgage is 7.28%, up from 7.03% a week ago. At this pace it would take 6.9 months to sell every home listed, down from 7.5 last week.

WHAT HAPPENED IN THE VALLEY THIS WEEK

Bellevue's city staff laid out proposed zoning changes to the city council last Monday. Downtown buildings could reach four stories, up from a 40-foot height limit to 60, if half the building is deed-restricted workforce housing. Parking requirements for new commercial buildings downtown would be cut in half. The plan goes to planning and zoning next, with a final city council review planned for February 2027. The Idaho Mountain Express reported it Oct. 2. Bellevue has 20 homes for sale against 16 last year, the fastest growth of the six main towns.

AROUND TOWN

The Trailing of the Sheep Festival runs Oct. 7–11, its 30th year. Sheep have been trailing through the Wood River Valley for well over a century and a half.

Want to know what your home would do in this market? Message me, or reach me at the link below.

09/29/2026

Condo buyers kept signing & house buyers pulled back.

Here are the numbers for the last 30 days, against the same 30 days last year.

48 homes sold, down 8%. Buyers signed contracts on 55, down 10%. There are 359 homes for sale, down 8%. And $78.8 million changed hands, up 6%.

Now split it by property type. Buyers signed on 19 condos, up from 18, and 21 condos sold, up from 20. Houses went the other way. Buyers signed on 31, down from 34, and 23 sold, down from 28. That is 17% fewer house sales than a year ago. The same pattern holds over three months, so it is not one odd month: condo sales up, house sales down.

Condo prices kept climbing too. Over the last three months the typical Ketchum condo sold for $1,187,500, up 13%. Sun Valley condos reached $857,500, up 18%. Half sold above those numbers, half below. On the house side, Hailey's typical house sold for $969,750, up 9%.

By town: Ketchum has 64 homes for sale against 77 last year. Sun Valley has 20, down from 35. Elkhorn is at 42, down from 50. Hailey is the busy one — 15 homes sold there in the last 30 days, up from 11. Bellevue has 21 for sale against 16, the fastest growth in the valley.

The part I'd keep an eye on: buyers have signed fewer contracts than last year four weeks running. It takes one to two months to get from a signed contract to keys in hand, so that shows up in sales later this fall. The 30-year mortgage crossed 7% on Thursday, the first time in more than a year.

WHAT HAPPENED IN THE VALLEY THIS WEEK

Bellevue's city council takes its first look this Monday at a request to annex Gannett Ranch, 191 acres south of town. The developer, Steadfast Companies, is proposing 439 homes, up from an earlier plan of 400. The Idaho Mountain Express reported Sept. 26 that Monday's session is a working meeting with the planning commission, with no public comment. The public hearings come next: planning and zoning on Oct. 5, city council on Oct. 12. The city is also working through a $7 million water project. Worth watching if you own down-valley — Bellevue is already adding homes for sale faster than any town here.

AROUND TOWN

The Sun Valley Jazz & Music Festival runs Oct. 15–18. Four days of swing, street parades and gospel.

Want to know what your home would do in this market? Message me, or reach me at the link below.

09/22/2026

Prices went up across the valley while buyers signed fewer contracts.

Here are the numbers for the last 30 days, against the same 30 days last year.

56 homes sold, down 2%. Buyers signed contracts on 52, down 10%. There are 358 homes for sale, down 10%. Sellers got 95% of their asking price, up from 94%. And $91 million changed hands, up 19%.

That last one is worth a second look. Fewer homes sold than a year ago, but more money moved — because the homes that sold cost more. Over the last three months, Ketchum condos are up 11% to a typical $1,175,000, Sun Valley condos up 18% to $857,500, and Hailey houses up 19% to $1,042,250. Half sold above those numbers, half below.

By property type, houses and condos are pulling in different directions. Condo sales rose from 21 to 24 and new condo listings went up. House sales slipped from 29 to 27 and fewer houses came on.

By town: Ketchum has 64 homes for sale against 77 last year. Sun Valley is down to 20 from 35 — the sharpest drop in the valley. Elkhorn sits at 47, but buyers signed 12 contracts there against 4 a year ago. Hailey is essentially flat, 74 against 73. Bellevue is growing fastest, 21 against 17.

Keeping an eye on the contract count. Buyers have signed fewer contracts than last year for three weeks running now. It takes one to two months to get from a signed contract to keys in hand, so the 56 homes that sold were agreed to back in July and August. The 52 signed last month are November's sales. On top of that, homes are taking 110 days to sell, up from 97 a year ago. The 30-year mortgage hit 6.95% on Thursday, a fourth straight weekly rise and the highest in roughly 20 months. Rates land on contracts first.

WHAT HAPPENED IN THE VALLEY THIS WEEK

Bellevue turned on its $9.5 million sewer plant in early September — the first time it has run since a failure flooded the pump room in March 2023. The Idaho Mountain Express reported Sept. 16 that the plant is operating eight hours a day and relying mostly on backup lagoons, with mechanical, electronic and staffing problems still to solve. The city is looking for qualified operators to get it back into state compliance, and the council called a special meeting. Worth watching if you own down-valley: what a town can treat is what a town can build.

AROUND TOWN

Trailing of the Sheep runs Oct. 7–11, the 30th year. It is the biggest draw of the fall and it fills every lodge in the valley.

Want to know what your home would do in this market? Message me, or reach me at the link below.

09/15/2026

Weekly market and news update for Blaine county. Come along as you watch me sit in different parts of this beautiful Ketchum condo (for sale!)

09/09/2026

Sales caught up to last year. The contracts behind them did not.

That second number is the one that matters if you're thinking about selling this fall.

09/08/2026

Home sales caught up to last year. The contracts behind them did not.

SUN VALLEY MARKET REPORT — September 6, 2026
Last 30 days vs. the same 30 days last year

• Homes sold: 59 (+2%)
• Buyers signed contracts: 59 (−8%)
• New listings: 67 (−3%)
• Homes for sale: 373 (−9%)
• Total sales: $119.1M (+30%)
• Sellers got 97% of asking price, up from 95%
• Days to sell a home: 87, up from 75

Here is the part worth understanding. It takes 30 to 60 days to get from a signed contract to keys in hand. So the 59 homes that sold last month were agreed to back in July and early August — and last week's numbers showed that stretch was busy. It played out exactly that way.

But the contracts signed in the last 30 days are down 8% from a year ago, and over three months they are down 12%. Those become October and November sales. Demand is cooling even though the sales column looks fine.

By property type: houses accounted for 31 of the 59 sales, condos 20, townhomes 7. Condo sales jumped 43% while the number of condos for sale fell 14% — condos are the tight spot right now.

By town: Hailey has 89 homes for sale, up 31% from last September, and buyers signed 21 contracts there against 10 a year ago. Ketchum went the other way — 65 homes for sale, down 22%, and 12 contracts against 15. Sun Valley has 21 for sale, down from 38. Bellevue has 23, up from 18.

Down-valley is where the activity is. Up-valley is where the scarcity is.

On price, over the last three months: Ketchum condos $1,095,000, up 21%. Sun Valley condos $892,000, flat. Hailey houses $1,117,500, up 49%. Hailey townhomes $540,000, up 32%.

I am not giving a Ketchum house price again this week. Only seven sold in three months, and that is too few to mean anything.

Full numbers and the by-town breakdown are in the link below.

09/01/2026

Home sales dropped 27% last month. At the same time, 14% more buyers signed contracts than a year ago. Both are true, and the gap between them is the whole story.

SUN VALLEY MARKET REPORT | August 30, 2026
Last 30 days (July 31 – August 30) vs. the same 30 days last year

Buyers signed on: 64 homes (+14%)
New listings: 61 (−16%)
Homes for sale: 369 (−11%)
Homes sold: 49 (−27%)
Total sales: $117.5M (+9%)
Sellers got 97% of asking price, up from 95%

Why both numbers are right:

It takes 30 to 60 days to get from a signed contract to keys in hand. So the 49 homes that sold last month were actually agreed to back in June and July. The 64 contracts signed in the last month won't show up as sales until October.

Sales tell you where the market has been. Contracts tell you where it's going. And if you stretch out to a full three months, sales are down only 2% — so last month's 27% drop is one soft patch, not a slide.

What sold:

• Houses — 28 sold, 33 new contracts signed
• Condos — 13 sold, 25 new contracts signed
• Townhomes — 7 sold, 5 new contracts signed

Condo sales fell 41% while condo contracts rose 25%. Same lag, just sharper.

Where it's happening:

Hailey is carrying the valley. Buyers signed 23 contracts there last month, against 9 a year ago. Ketchum had 13, and sold 8 homes against 17 last year. Bellevue has 21 homes for sale, up from 17.

One thing I want to be straight about: there are 11% fewer homes for sale than last year, but at the current sales pace it would take 7.5 months to sell them all — up from 6.2 months a year ago. Fewer listings, but they're moving slower. If sales catch up to those new contracts this fall, that flips.

Prices, over the last three months, by town and type:

• Ketchum condos $1,200,000 — up 35%
• Sun Valley condos $892,000 — about flat
• Hailey houses $1,150,000 — up 60%
• Hailey townhomes $555,000 — up 36%

Full breakdown at the link below.

DM me your address and I'll tell you what your home would do in this market right now.

08/26/2026

Hailey homes went under contract 24 times in the last 30 days. A year ago it was 9.

SUN VALLEY MARKET REPORT | August 25, 2026
Last 30 days (July 26 – August 25) vs. the same 30 days in 2025

Under contract: 64 (+12%)
New listings: 57 (−11%)
Active listings: 368 (−11%)
Homes closed: 54 (−7%)
Sold volume: $126.1M (+22%)
Months of inventory: 6.8

By property type:

• Single-family — 241 active (+3%), 30 under contract (+11%), 34 closed (+30%)
• Condominiums — 99 active (−13%), 28 under contract (+27%), 14 closed (−30%)
• Townhomes — 21 active (−51%), 5 under contract, 5 closed

By town, the valley has split. Hailey holds 89 active listings against Ketchum's 70, and wrote 24 contracts to Ketchum's 15. A year ago Hailey wrote 9. Bellevue is quieter but building — 21 active, up from 16. Up-valley, Ketchum closed 8 homes in the last 30 days against 17 last year, and Sun Valley and Elkhorn are both carrying less inventory than they did in 2025. The demand is real; it just isn't where it used to be.

Two things worth being careful about.

Contracts are up 12% over 30 days but essentially flat (−1%) over 90. That means this pickup started recently. It is not yet a trend, and I'd rather say so now than pretend I called it.

And the Ketchum single-family median reads $3.925M, down 37%. That is nine sales. Last summer a handful of large estates closed in that window and pulled the median up. It measures which houses sold, not what Ketchum houses are worth. The numbers I'd stand behind on price: Ketchum condos $1.20M (+33%, 27 sales), Sun Valley condos $892K (−1%, 22 sales), Hailey single-family $1,175,000 (+63%, 26 sales).

One more: the average active listing has been on the market 107 days, down from 223 a year ago. The stale inventory cleared. What's sitting out there now is mostly new.

Full breakdown at the link below.

DM me your address and I'll tell you what your home would do in this market right now.

Colin Burke Real Estate

10/20/2026

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