Colin Burke Real Estate

Colin Burke Real Estate Ketchum-based real estate agent helping buyers and sellers across Sun Valley, Hailey, and Blaine County, Idaho. Keller Williams Sun Valley & Southern Idaho.

Local snowboarder, musician, and community member — not just an agent passing through.

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.

Home sales caught up to last year. The contracts behind them did not.SUN VALLEY MARKET REPORT — September 6, 2026Last 30...
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.

Home sales dropped 27% last month. At the same time, 14% more buyers signed contracts than a year ago. Both are true, an...
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.

Hailey homes went under contract 24 times in the last 30 days. A year ago it was 9.SUN VALLEY MARKET REPORT | August 25,...
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.

21 homes went under contract in the Wood River Valley last week — the strongest demand week of the summer.SUN VALLEY MAR...
08/18/2026

21 homes went under contract in the Wood River Valley last week — the strongest demand week of the summer.

SUN VALLEY MARKET REPORT | August 17, 2026
Southern Idaho Land · Keller Williams Sun Valley & Southern Idaho

🏡 Active Listings: 314 (WoW −3 | YoY −10%)
🏘 New Listings: 14 (WoW −12% | YoY −12%)
📋 Under Contract: 21 (WoW +50% | YoY +62%)
🔑 Homes Sold: 12 (WoW +71% | YoY −33%)
💰 Avg Sale Price: $3.21M (YoY +19%)
💵 Median Sale Price: $3.29M (YoY +21%)
📦 Sold Volume: $38.5M (WoW +68% | YoY −20%)

Pending count jumped from 14 to 21 in a single week and sits 62% above this week last year. Twelve homes closed for $38.5M in volume — nearly double the prior week's seven closings.

By property type:
• Single-family — 219 active, 12 under contract (+140% YoY), 8 closed at a $4.38M average, 97% of list
• Condos — 74 active (−19% YoY), 8 under contract, 3 closed at a $898K average, 98% of list
• Townhomes — 15 active (−55% YoY), 1 closed at $836K

By town, this is a two-speed valley. Ketchum single-family closed at 100% of ask and averaged $5.71M. Elkhorn put three homes under the wire for $11.8M. Meanwhile Hailey now has 59 single-family listings — up 73% from last August — with 8 already under contract, and Bellevue inventory is up 53%.

One honest note on the headline number: the $3.29M median is more than double last week's $1.47M, but that's a mix shift, not a valley-wide repricing. Eight high-end single-family closings pulled it up. Read the median with the mix.

Ketchum sellers have the edge. Hailey and Bellevue buyers have the most choice they've had in years.

Full market breakdown at the link below. Thinking about a move before fall? Send me a message and I'll give you a straight read on your property.

Sun Valley just outperformed the entire West region on occupancy. The reason should get the attention of anyone who owns...
08/16/2026

Sun Valley just outperformed the entire West region on occupancy. The reason should get the attention of anyone who owns property here.

July numbers from Inntopia DestiMetrics landed this week for the North Valley. Paid occupancy finished at 67.4%, up 2.8% year over year. The West region as a whole came in at 63.4%.

We ran four points fuller than our peer destinations. We also charged six percent less — $467 a night against a regional average of $497.

That combination is the relative-value case for Sun Valley in one line. Fuller than the broader Western mountain set, at a lower nightly rate. It also suggests rate hasn't found its ceiling here.

But the number I keep coming back to is supply.

Room nights available fell 4.6% year over year. Room nights sold fell 2.0%. Demand actually contracted last month. Occupancy rose because inventory contracted faster.

And it isn't a one-month artifact. Available room nights are down between 3.4% and 5.0% in every month currently on the books — May through January, across both the summer and winter seasons. Nine consecutive months, no exceptions, a remarkably tight band. That is structural, not seasonal. Units are leaving the North Valley short-term rental pool.

The reports tell us that supply shrank. They don't tell us why. The plausible explanations are conversion to private second-home use and ownership changes, and I'd treat both as inference rather than fact.

For owners, the implication is more straightforward. RevPAR finished at $315, up 10.5% — that's revenue per available room, what a unit earns whether or not it sells on a given night. The market absorbed a 7.5% rate increase while demand softened. That is pricing power, and it's the cleanest read on asset health in the whole report.

Forward, the book looks better than the rear view. September occupancy is pacing 22.5% ahead of last year. October is up 22.0%. November is up 16.1%, with November room nights sold up 11.7% outright. Labor Day landing fully in September this year, Rebecca's Private Idaho moving to September 9-12, Trailing of the Sheep October 7-11, and the Mountain Towns 2030 Climate Summit October 13-14 are turning shoulder season into real season.

August is the soft spot — pacing 6.3% behind last year, with room nights booked down 9.6%. Worth noting it has recovered from 13% behind at the last reporting cycle. Schools return the second week of the month and the Labor Day shift pulled volume into September.

Two things worth flagging for anyone reading this as a real estate signal.

First, the sample is 12 reporting entities representing 772 units, roughly 49% of the destination's inventory. A strong sample, not a census.

Second, lodging performance is a demand indicator and an input on the carrying-cost side of a second-home decision. It is not a home-price forecast, and anyone presenting it as one is selling you something.

If you own property in the Wood River Valley and want to talk through what this means for your situation, send me a message. I read these reports every month.

Colin Burke · Southern Idaho Land · Keller Williams Sun Valley & Southern Idaho

Data: Inntopia DestiMetrics via Visit Sun Valley. 12 reporting lodging entities representing 772 units, about 49% of the destination's inventory. Bookings as of July 31, 2026.

What could El Niño mean for winter in Southern Idaho?NOAA is forecasting warmer-than-average temperatures as the El Niño...
08/16/2026

What could El Niño mean for winter in Southern Idaho?

NOAA is forecasting warmer-than-average temperatures as the El Niño weather pattern strengthens, while precipitation remains less certain. A warmer or drier winter could have an effect on everything from agriculture and water resources to skiing and other winter recreation.

Weather is always unpredictable, but long-range forecasts are worth watching—especially if you own property or are considering buying or selling in the area.

If you have questions about the local market, I’m always happy to talk.

Read more here: https://www.mtexpress.com/news/environment/forecasters-el-ni-o-to-bring-warmer-temperatures/article_da71a349-a345-4473-adf4-63ff05a88cd9.html

Nestled beneath the majestic Sawtooth Mountains, Stanley, Idaho, is a hidden gem that offers breathtaking views and endl...
08/15/2026

Nestled beneath the majestic Sawtooth Mountains, Stanley, Idaho, is a hidden gem that offers breathtaking views and endless outdoor adventures.

With a population of just a few hundred, this tiny town is bursting with charm and activities for everyone.

From hiking over 700 miles of trails to cooling off at Redfish Lake, there’s something for every outdoor enthusiast.

Did you know that Stanley is less than a three-hour drive from Boise?

It’s the perfect weekend getaway for those seeking adventure and tranquility in nature.

Whether you’re biking, fishing, or simply soaking in the stunning scenery, Stanley is a place where memories are made.

Ready to explore?

Let’s chat about your next adventure in Idaho!

Read more here: https://boisedev.com/one-tank-trip/tiny-town-dramatic-views-explore-one-of-idahos-most-scenic-mountain-escapes/

Ketchum is considering several changes to its residential building-height regulations.The proposals include lower height...
08/14/2026

Ketchum is considering several changes to its residential building-height regulations.

The proposals include lower height limits in certain districts, updated allowances for larger developments and pitched roofs, and the removal of the height bonus in the Mountain Overlay District.

If you own property—or are thinking about buying, selling, or building in Ketchum—these are changes worth following. They could affect future development, neighborhood character, and property values.

Have questions about what the proposals could mean for you? Let’s talk.

Read more:
https://www.mtexpress.com/news/ketchum/ketchum-n-z-to-discuss-fast-tracked-code-updates/article_64620e25-7622-4c76-de1f-f40054646ef3.html

Read more here: https://www.mtexpress.com/news/ketchum/ketchum-p-z-to-discuss-fast-tracked-code-updates/article_64620e25-7622-4c76-ae1f-f40054646ef3.html

Sun Valley is known for its beauty during the day—but the view after dark is just as remarkable.Sun Valley Resort recent...
08/13/2026

Sun Valley is known for its beauty during the day—but the view after dark is just as remarkable.

Sun Valley Resort recently became America’s first DarkSky Certified ski resort, recognizing its efforts to reduce light pollution and preserve our night skies for generations to come.

Celebrate this milestone on August 12 during the Perseid meteor shower. Ride the Roundhouse Gondola and experience one of nature’s best shows from high above the valley.

Learn more: https://snowbrains.com/sun-valley-first-darksky-certified-resort/

Read more here: https://snowbrains.com/sun-valley-first-darksky-certified-resort/

Address

Ketchum, ID
83340

Website

Alerts

Be the first to know and let us send you an email when Colin Burke Real Estate posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category