Happy Friday!
Despite the mediocre weather, Memorial Day weekend was busy throughout the valley. Retails and restaurants saw increased activity and all signs pointed towards the beginning of a busy summer!
On this very wet and rainy day I thought you'd all be interested in seeing the statistics for the month of May.
200 New Listings
162 Price Reductions
47 Properties went under contract
30 Properties Closed (5 over $1 Million)
1 house in Bellevue
1 house mid-valley
3 houses north of ketchum
2 houses outside the valley
11 houses in Hailey
2 houses in Ketchum
4 condo/townhouses in Ketchum
3 condo/townhouses in Elkhorn
1 townhouse in Hailey
2 condos in Warm Springs
1 vacant lot in Hailey
Of the 30 that sold
Average days on the market: 250
Average sales price: $603,000
Properties sold at an average of 87% of their listing price.
I also found the following article from the Wall Street Journal interesting. While it doesn't apply to our valley yet, this is definitely a sign of better times to come. Once the wealthy feel comfortable in the primary markets, the next step will be a strengthening of resort markets such as ours!
Luxury Sales Bounce Back
Bidding wars for a $2 million house? In some markets, sales of high-end homes return to levels not seen since the boom
If you know someone thinking of buying or selling a home, who would appreciate the service we offer, we'd love to help them. So, just give us a call or email me their name and number and we'll
be happy to follow up. You can be assured we'll take great care of them!
Wishing you all a terrific weekend!
Katherine Rixon, Rob Cronin and Rob Hogan
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