Sun Valley, Idaho

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Sun Valley Market Recovery

Primary Exterior Front ElevationTo say the Sun Valley real estate market is recovering is beginning to sound like an understatement. Rebound is quickly becoming a better term to describe our local market. Short sales and foreclosures in Ketchum and Sun Valley have all largely passed through the market. The few remaining distressed and bank owned properties in Hailey are selling like hot cakes.

As our market shifts, lack of available inventory is quickly becoming our biggest issue. So what happens when you have lack of supply and high demand? Upward pressure on pricing, that’s what. Multiple competing offers on properties and buyers chomping at the bit in anticipation of new listings.  That an increased demand for land and even, you guessed it, new construction which we are beginning to see in Hailey as well in the higher end markets in Ketchum and Sun Valley.

It’s an exciting time to be in the business of real estate here in Sun Valley. We’ve weathered the storm of the recession, licked our wounds, learned our lessons, got stronger and smarter and we are ready to go to work for you as we spring ahead into what promises to be an incredible summer selling season here in Sun Valley. Ready to get started?

Cool Sun Valley Video!

It’s A Girl!

My wife Kristen and I joyfully announce the birth of our third (and final!) child.  Honor Jules Coulter was born on July 9th at 4:19 AM.  She weighed 7lbs. 13oz. and was 21 inches long.  She and mom are doing great.  Brothers Charlie (6) and Andy (3) couldn’t be happier. 

Honor Jules Coulter

Who’s that in the Jet?

Bill Gates?  Oprah?  Probably, and with the annual Allen and Company event in Sun Valley there are many more corporate celebrities on hand.  Each year the investment banking firm Allen and Company from New York holds this summit of the best minds in the media and technology sectors to share thoughts and ideas.  Right here at the Sun Valley Resort.  Behind closed doors, high profile meetings and conversations take place that shape the future of media and technology as we know it.  Some of this years attendee’s include:  Bill Gates billionaire founder of Microsoft, Oprah Winfrey, Warren Buffett billionaire investor, Rupert Murdoch News Corp media mogul, Mark Zuckerberg founder of  Facebook, Tom Brokaw, New York Mayor Michael Bloomberg, Harvey Weinstein of Mirimax Films, Walt Disney CEO Robert Iger.  And many more.

For about 4 days Friedman Memorial Airport looks like LaGuardia with corporate jets stacked ten deep waiting to pick up and drop off their high profile passengers.  This event has come to represent a highly anticipated and appreciated event by bringing a ton of national media attention and exposure for Sun Valley.  Plus, the CEO’s are invited to bring along family members who provide a huge financial shot in the arm for local businesses.  Hop in your jet and come see us next year.

New Supermarket in Ketchum…Roxy’s!

roxys marketA big welcome to the latest addition here in Sun Valley: Roxy’s Market, a grocery/deli in Ketchum, which replaced Williams Market.

The market, which opened on June 1st, has a “contemporary feel.” It is a “high-tech, warehouse industrial” building, which sells products that you could find in many health-food stores as well as natural and organic body products.

Welcome to Sun Valley, Roxy’s!

Hailey, Idaho 4th Of July Parade

4th of July Parade Hailey IdahoHailey’s 4th of July Parade – Celebrating 130 Years of History!

In 2011, Hailey celebrates 130 years of its history, which is the theme of Hailey’s Independence Day parade.

 Join the Hailey Chamber and the community in the celebration of the Independence Day, experience the western spirit of Hailey and be in the parade! What better way to advertise your business, celebrate family or class reunion!

Registration deadline is Friday, July 1st, 12:00 noon.

Go to www.haileyidaho.com to register on-line, or stop by the Hailey Chamber at 706 S. Main (formerly Hailey Medical Clinic) and pick up the application form. The parade fee is $45. For more information, please call 788-3484.

Pretty Skies in Sun Valley!

double rainbow

Follow this awesome post-storm double rainbow to find your pot of gold here in Hailey!

Friedman Memorial Airport Redevelopment. Great Opportunity?

friedman memorial redevelopment plan Hailey IdahoSo what do you do with a former airport site in a small resort town?  Redevelop, of course.  Here are a few of the ideas the power’s that be including the City of Hailey have proposed as part of the master planned redevelopment.  Hotel and conference center.  Fitness Center.  Below grade trail connectors between the redevelopment and existing neighborhoods like Woodside.  Residential and Multi-Family housing units.  R & D Campus (INEL, for instance).  Institutional Campus or extension (University of Idaho?  Boise State?  BYU Sun Valley?).  Corporate Campus?  R&D/Corporate Campus.  Large Format Retail.

The only use category that received any negative feedback by the public and city officials was the large format retail.  Home Depot, Costco and Target don’t seem to sit well with a lot of locals.  I don’t think most of the big box retailers would chose to locate here anyway since we don’t have the population base to support a store of that size.

Welcome Summer Intern Kate Brittingham.

KateSo I posted an ad in the  Sun Valley Online classifieds.  Looking for a summer intern who was interested in learning all about real estate in exchange for helping me with some of my work around the office.  I never really expected to get any response.  However, a few weeks later I received an email from a girl in Nigeria who said she would be in the valley for the summer and would be interested in the job.

My first reaction is she was posing as the niece of the Prince of the Federation of  Zumbajari and she needed to immediately transfer $14,000,000 into my account before hostile warlords raided her palace.  The African email scam deal you may have seen.   I was wrong.

Turns out she was really a high school student in Nigeria and her parents had a second home here in Hailey.  Right next door to my house, in fact.  I even knew her parents.  Her dad works in the oil industry, and they were actually living in Nigeria for his work.  Small world.  Even smaller valley.

Once she was back in town, we met and decided to Read the rest of this entry »

Big Bike

Sun Valley Idaho BikingNext time you are in downtown K-Town stop by the Ketchum Town Square and check out the cool welded bike art.  You can’t miss it.  Plus, while you are there you can grab an ice cream at Leroy’s or maybe check out a show or local event in the square.  Good times in the summer.  Remember, its the Sun Valley winters that bring us, but it’s the summers that keep us.