Sun Valley Happenings

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Sun Valley Vacant Land Update


Land Sales Continue to Sizzle!
Posted: March 22, 2018 by Derek Svennungsen

Up and down the Wood River Valley, sales of vacant land continue to happen at a dizzying rate. In 2017, there was a 56% increase in vacant land sales over 2016 (153 vs 98 sales in 2016), and a 29% jump in sold dollar volume ($48 million vs $37 million in 2016).

With higher-than-normal building costs (due to issues like last year’s wildfires in Alberta, for example), one might expect land sales to start to wane. But after the first quarter of 2018, that is hardly the case. There have already been 12 more land sales in 2018 than at this point last year, a jump of 80% from 15 to 27. The truly astonishing number, though, is sold dollar volume, which is up 315%, from $4 million at this point last year to $16.7 million thus far in 2018.

If reading this blog makes you think you need to get in on the vacant land game, there is still plenty to choose from out there. Here’s a quick breakdown of active listings:

  • 90 active listings in the North Valley and Resort Core, from a high of $8.5 million (Lane Ranch North) to a low of $250,000 (Warm Springs).
  • 152 active listings in Hailey and Bellevue, ranging from $8 million (Quigley Road) to $85,000 (right in Bellevue).
  • 80 active listings South of Ketchum, ranging from $6.5 million (near Triumph) to $140,000 (Streamside in Valley Club).

Ok, that’s a lot of numbers. And while it’s impossible to make any large-scale generalizations about the reason land sales continue to increase, it is worth noting that land has always been a good real estate investment. This is perhaps even more true in a land-limited area like the Wood River Valley.

    

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