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Sunrise on Baldy | December 31, 2022

Happy Friday!

With 2022 now in the rearview mirror, we are starting fresh and ready to make 2023 a year to remember. Already, the above average snowfall has kicked off the ski season and blanketed the Wood River Valley with much needed moisture.

Over the holidays, real estate activity picked up quite a bit and we are starting to see properties move again. While economic predictions call for a rocky ride in 2023, the good news is that forecasters predict that by the end of the year, we will have seen appreciation to the tune of 5-6%. This means that if you are looking to buy and you find a property of interest, it is worth moving forward **now** as its unlikely we will see prices drop further than where they are now.

This week Jordan took a deep dive into the price per square foot of sales in Ketchum over the past three years based upon the number of bedrooms. You’ll see that the greatest number of sales were three-bedroom properties, however the price per square foot did increase per bedroom up to five. This shows the interesting relationship between bedrooms and pricing. It’s also interesting to note that in the past three years, most of the available properties have had three bedrooms. (Developers, take note!)

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Allison Jadallah, new owner of The Manor House

Last night I attended the grand re-opening of the The Manor House, a local bridal boutique. Sending a BIG congratulations to Jordan’s wife, Allison Jadallah, who recently purchased the business. We have full confidence that she will take the business to new and even greater heights. If you know any newly engaged brides looking for the perfect dress, we know Allison will not only find the dress, but make the experience memorable.

I’ve just finished the write-up for our 2022 Annual Report and sent it off to the graphic designer. We should have an electronic version available next week and hard copies mailed shortly thereafter. If you would like us to send you one, please respond to this email with your mailing address.

Wishing you all a fantastic weekend!

Katherine