Continued Market Strength Across the Sun Valley Area
The Sun Valley area residential market continued to show year-over-year gains in early 2026, with increased sales activity and notable growth in both pricing and total sales volume. Through the first two months of the year, total closed residential sales volume reached approximately $136.8 million, compared to $86.6 million during the same period in 2025—an increase of 58%.
During that same timeframe, the average sale price rose from approximately $1.37 million to $1.95 million, representing a 42% increase year over year. Closed transactions also increased modestly, with 70 sales compared to 63 during the same period last year. Overall active inventory declined slightly, contributing to continued pricing strength across several segments of the market.

Resort Markets: Ketchum, Sun Valley, Elkhorn, and Warm Springs
In the resort core, condominium inventory declined while transaction value increased. Total condominium sold volume rose from approximately $22.8 million during the same period last year to $36.3 million this year, while the average condominium sale price increased from approximately $989,000 to $1.51 million. Ketchum accounted for the largest share of condominium activity, with approximately $18.8 million in sold volume and an average sale price of approximately $2.34 million. Elkhorn recorded approximately $7.4 million in condominium sales, with the average sale price reaching approximately $1.49 million, while Warm Springs saw approximately $2.6 million in condominium sales with an average sale price near $873,000. Sun Valley also recorded increased condominium activity, with sold volume reaching approximately $5.6 million and the average sale price rising to approximately $1.41 million.

Single-Family Market Performance by Area
Single-family homes continued to drive overall market value. Through the first two months of the year, single-family sold volume increased from approximately $35.7 million last year to $70.5 million, while the average single-family sale price rose from approximately $1.23 million to $2.14 million.South of Ketchum recorded six single-family sales totaling approximately $25.7 million, while Hailey recorded twelve sales totaling approximately $16.8 million, up from approximately $11.6 million during the same period last year. Sun Valley accounted for three single-family sales totaling approximately $15.3 million, while Bellevue recorded five sales totaling approximately $3.5 million.

If you’d like a more detailed look at activity in a specific neighborhood or property segment, I’m always happy to share additional insights. Please feel free to reach out anytime.

© 2026 Summer Baldwin. All rights reserved.
This analysis, commentary, and written content are original intellectual property. Unauthorized use, reproduction, or adaptation—including by real estate professionals—is prohibited. Market data is deemed reliable but not guaranteed.