Census Population in Blaine County
Here are the local population numbers for 2010 from the Census Bureau:
Bellevue: 2,287, up 411 people from 2000, a 21.9 percent increase.
Carey: 604, up 91 people since 2000, a 17.7 percent increase.
Hailey: 7,960, up 1,760 since 2000, a 28.4 percent increase.
Ketchum: 2,689, down 314 since 2000, a 10.5 percent decrease.
Sun Valley: 1,406, down 21 since 200, a 1.5 percent decrease.
Featured Property. 507 South Main Street in Hailey
Here is an opportunity to lease or own an increasingly rare prime piece of Main Street frontage in Hailey. This property offers excellent signage and identity for both retail and office users.
There is ample on site parking in the front and rear of the property. Currently the building is laid out for two tenants with a 2,700 square foot and 1,900 square foot spaces available. The spaces consists of large open areas with perimeter offices. Immediate occupancy with aggressive leasing plans and incentives available.
This is a great owner user opportunity for either 100% occupancy or to lease balance to a co-tenant to generate rental income. Strong upside potential for investors, too, through leasing to new tenants. With 90′ of Main Street frontage, ample on-site parking in front and rear of building make this an attractive option for general office use, medical or general retail users. Let’s make a deal!
Verify The Square Footage. And Everything Else For That Matter
BTVAI. That stands for Buyer To Verify All Information. Just because a listing on the MLS says a property is 4,200 Square Feet, doesn’t mean it actually is.
Nobody is trying to pull the wool over our eyes, its just that there is different information floating around that agents use to post the property details.
Perfect example. I am working on selling a nice house to a buyer client. The listing agent had a set of building plans that showed a floor plan with 4,200 square feet and that’s where he came up with the number. Seems reasonable. We find a set of plans in the garage that show 3,500 square feet.
Turns out the set of plans the listing agent had was an architectural progress set that showed a large additional room that was never actually incorporated into the final “as-built” plans. The set we found was accurate and ended up being the square footage on which we based our offering price.
No harm, no foul. It’s just a good thing we Read the rest of this entry »
Barron’s Says Sun Valley Is One Of The Best.
Today Barons Magazine rates Sun Valley, Idaho as one of the countries best places for second homes.
Market trends indicate the real estate rebound is firmly in place. The rich customer base has dusted themselves off and have resumed some serious discretionary spending. The market trends for luxury vacation properties, the greatest indulgence of all, are back, baby.
Prices for the winners of Baron’s top places have rebounded, dramatically in some cases. The time may well have come for you to jump into the market. I think I might have mentioned this a while ago in my post back in December called Pigs Get Fat, Hogs Get Slaughtered. Check it out.
Some of our elite company included Maui, The Hamptons, Martha’s Vineyard, Deer Valley, Palm Beach and Pebble Beach. A nice crowd.
Here’s what they had to say about Sun Valley:
“If you happen to be a media mogul, you already know about this place thanks to the annual high octane confabs put on by Allen and Company.”
“The skiing, of course, is Read the rest of this entry »
The Future of Real Estate Marketing
A few weeks ago I saw a video with the CEO of Vail Resorts. He was talking about marketing and advertising for their family of resorts.
Going into next year, their primary means of advertising will be through Facebook, other social media, online and video advertising . This includes eliminating or severely cutting print and other traditional advertising mediums. That’s amazing.
Not only will this be a dramatic cost savings which is necessary in today’s cost cutting environment, but it seems they think these new tools will be more effective than traditional advertising. Plus, it allows the resorts to adapt more quickly to rapidly shifting economies and market conditions to tailor their marketing to a weekly or even daily basis.
I think this is pretty much the way of real estate advertising and marketing, too. Particularly in Sun Valley where the vast majority of our customer base lives out of the area. They search online. They are looking for authentic, Read the rest of this entry »
Balance At The Bottom
It is becoming more and more evident, both with Sun Valley properties as well as with national real estate, that we have hit “the bottom of the market.” This is what everyone has been asking about. Wondering if we are there there yet?
So if we are there and even if we aren’t quite there yet, we need to stop and consider other factors that make up a deal. Interest rates, for example.
Interest rates on properties are at an all time low. So if a buyer continues to wait around for the bottom, and interest rates increase, he could be shooting himself in the foot. In other words, rates are as important Read the rest of this entry »
What’s It’s Going To Take To Keep Sun Valley Great?
Everybody knows Sun Valley as a classic and traditional four season family resort, right? At least that’s what we’ve been known for in the past. But what is Sun Valley now? What does Sun Valley need to be? Where are we heading? All good questions.
Most recently there has been a lot of shake up with the long range planning. marketing and promotion of Sun Valley. We’ve seen consolidation and restructuring of the Chamber of Commerce and Visitors Bureau, creation of new marketing alliances between Sun Valley and Ketchum and the hiring of a new advertising agency to represent the Sun Valley Company. All with one goal in mind. To increase demand for Sun Valley.
So how to increase demand for Sun Valley?
From a marketing perspective it will require cooperation and coordination between the Sun Valley Company and the cities of Ketchum and Sun Valley. Joining forces to create one cohesive brand for the area through shared efforts. But the actual marketing is the back end effort used to attract the end user.
The end user, the visitor, is what really Read the rest of this entry »
Neighborhood Profile, Starweather
Ahhh, Starweather. One of the mid valley’s gems. Casual yet upscale. Removed yet close in. Open spaces yet intimate. A beautiful array of spectacular homes. And fishing like you read about.
Starweather is located pretty much smack between Ketchum and Hailey with easy access to both. It’s nicely nestled between friendly neighbors in Golden Eagle to the north and Zinc Spur to the south. On the bike path, it’s just as easy to skate ski to Ketchum as it is to bike to Hailey.
The neighborhood is tucked in a beautiful setting of old growth aspens and cottonwoods along the Big Wood River. Spring and summer offers a great mix of all day sun and natural shade. In fall, the autumn reds, oranges and yellows from the aspens are on fire and line the quiet streets.
Large estate properties enjoy prime river front access and views. A nice mix of original and newer homes in an eclectic Read the rest of this entry »
Local Foreclosure Numbers
Here is the straight up local foreclosure information directly from Daryl Fauth at Blaine County Title. Thanks, Daryl!
In the years 2000 to 2007, Blaine County averaged 3.5 default notice filings per month.
Of those, an average of 0.6 properties per month went through to foreclosure sale.
Where we are:
In 2008, Blaine County averaged 10.4 default notice filings per month. (197% increase from 2000-2007 averages)
Of those, an average of 4.1 properties per month went through to foreclosure sale. (583% increase from 2000-2007 averages)
In 2009, Blaine County averaged Read the rest of this entry »
The Pleasure Is Worth All The Pain
A lot of people will tell you that it’s tough to get to Sun Valley.
Fewer flights from fewer locations. A smaller airport that is prone to winter weather delays. Longer drives from popular locations. All valid points.
BUT, once you get here. Once you get here it all makes sense. An insanely cool destination four season resort in the middle of Idaho. An oasis of fun. A hassle free playground with unlimited good time options. Very nice, friendly people. Sophisticated, yet casual. 250 days of sun each year. Restaurants, recreation and killer real estate.
So, the tougher access and remote location is what helps make it great. I mean, when is the last time you waited in a lift line on Baldy? When was the last time you couldn’t find a sweet stretch of river to fish all for yourself on the Wood? When was the last time you got cut off Read the rest of this entry »
