<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Dan Gorham</title>
	<atom:link href="http://dangorham.withwre.com/feed/" rel="self" type="application/rss+xml" />
	<link>http://dangorham.withwre.com</link>
	<description>Real Estate in Sun Valley, Idaho</description>
	<lastBuildDate>Mon, 12 Mar 2012 20:58:45 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	
		<item>
		<title>Ketchum Landmark for Sale &#8211; Chapter One Bookstore</title>
		<link>http://dangorham.withwre.com/2012/03/12/ketchum-landmark-for-sale-chapter-one-bookstore/</link>
		<comments>http://dangorham.withwre.com/2012/03/12/ketchum-landmark-for-sale-chapter-one-bookstore/#comments</comments>
		<pubDate>Mon, 12 Mar 2012 20:58:45 +0000</pubDate>
		<dc:creator>Dan Gorham</dc:creator>
				<category><![CDATA[Sun Valley Market Review]]></category>

		<guid isPermaLink="false">http://withwre.com/dangorham/?p=39</guid>
		<description><![CDATA[http:/ Ketchum Landmark for SaleMarch 7, 2012 By Dan Gorham Leave a Comment (Edit)     In 2009 local historian Chris Millsap wrote an article for Sun Valley Magazine on “ Ketchum’s few remaining emblems of an original identity.” Millsap identified the three iconic brick buildings on Main Street built during the 1880’s mining era [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://blog.windermeresunvalley.com/ketchum-landmark-for-sale/">http:/</a></p>
<p>Ketchum Landmark for SaleMarch 7, 2012 By <a title="Posts by Dan Gorham" href="http://blog.windermeresunvalley.com/author/dangorham/">Dan Gorham</a> <a href="http://blog.windermeresunvalley.com/ketchum-landmark-for-sale/#comments">Leave a Comment</a> (Edit)</p>
<p><a href="http://blog.windermeresunvalley.com/files/2012/03/20120301163819361173000000-t2.jpg"></a> </p>
<p><a href="http://blog.windermeresunvalley.com/files/2012/03/ChapterOne.jpg"><img src="http://blog.windermeresunvalley.com/files/2012/03/ChapterOne-300x217.jpg" alt="" width="300" height="217" /></a> </p>
<p>In 2009 local historian Chris Millsap wrote an article for Sun Valley Magazine on “ Ketchum’s few remaining emblems of an original identity.” Millsap identified the three iconic brick buildings on Main Street built during the 1880’s mining era by the Lewis family. Windermere Real Estate recently listed one of those buildings for sale, the historic “Issac Lewis First National Bank building”, which was constructed in 1884. For the past 21 years, the building has housed Chapter One Books. The town’s bricks were fired at a kiln near Knob’s Peak (today’s Knob Hill), a landmark knoll on the northeast edge of town. In the early 1990’s the Chapter One building was seismically re-enforced. The building contains 1966 square feet and is air conditioned. The rear of the building was remodeled in 2010.  It is currently owned by Bob and Mary Hastings.  For more information on this listing, contact Dan Gorham at 208-622-2700.</p>
<p>We’ve re-printed an edited portion of Millsap’s article below for fellow history buffs to enjoy.</p>
<p>In the 1880s, as Ketchum’s economy gained traction under the wheels of  Horace Lewis’ brimming ore wagons, his father built the first of what would become the mining-era’s iconic brick buildings and became Ketchum’s first real estate mogul, a pioneer’s Donald Trump.</p>
<p>“I have virtually made the town, at least I have expended more money and labor for it than any ten other men of the country all put together,” he wrote in 1891.</p>
<p>In the spring of 1884, Isaac Lewis joined George Griffin to build the First National Bank of Idaho on South Main Street. The red brick building is today home to Chapter One Bookstore. That same year, Isaac Lewis picked a spot across the street for another effort, the Lewis &amp; Lemon General Store. Forty years later, when Al Griffith retired as the area’s mining superintendent, he set up a more relaxed venture, Griffith Grocery, in the handsome brick building with three archway windows. After decades of mixed use and vacant stretches, until 2010, when after an extensive and award winning remodel, the Vorms’ Cornerstone Bar and Grill opened its doors to an enthusiastic welcome.</p>
<p>Lewis added his final landmark to Main Street in 1887. Two blocks north from the First National Bank, at the intersection with what is now Sun Valley Road, he built his largest project yet. Comstock and Clark, a dry goods provider, was Lewis’ first tenant there, but it was the Lane Mercantile, a supply headquarters for the Valley’s sizeable sheep ranching industry, that would leave its mark. The “Lane Merc” building is prime real estate—signified by the “Eat More Lamb” painted billboard—and until recently  housed a symbol of a different era: Starbucks Coffee.</p>
<p><!--<rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" 			xmlns:dc="http://purl.org/dc/elements/1.1/" 			xmlns:trackback="http://madskills.com/public/xml/rss/module/trackback/"> <rdf:Description rdf:about="http://blog.windermeresunvalley.com/ketchum-landmark-for-sale/"     dc:identifier="http://blog.windermeresunvalley.com/ketchum-landmark-for-sale/"     dc:title="Ketchum Landmark for Sale"     trackback:ping="http://blog.windermeresunvalley.com/ketchum-landmark-for-sale/trackback/" /> </rdf:RDF>&#8211;><a href="http://blog.windermeresunvalley.com/ketchum-landmark-for-sale/">/blog.windermeresunvalley.com/ketchum-landmark-for-sale/</a></p>
]]></content:encoded>
			<wfw:commentRss>http://dangorham.withwre.com/2012/03/12/ketchum-landmark-for-sale-chapter-one-bookstore/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Windermere Report 2011</title>
		<link>http://dangorham.withwre.com/2012/01/16/windermere-report-2011/</link>
		<comments>http://dangorham.withwre.com/2012/01/16/windermere-report-2011/#comments</comments>
		<pubDate>Mon, 16 Jan 2012 23:14:51 +0000</pubDate>
		<dc:creator>Dan Gorham</dc:creator>
				<category><![CDATA[Sun Valley Market Review]]></category>

		<guid isPermaLink="false">http://withwre.com/dangorham/?p=25</guid>
		<description><![CDATA[Please see the homepage Market Reviews for 12th anniversary edition of The Windermere Report, which has earned its reputation as the most definitive resource for data on the Blaine County housing market. Overall, 2011 was a robust year in Blaine County real estate for buyers, and a heartbreaking year for many sellers. The number of closed transactions increased 23 [...]]]></description>
			<content:encoded><![CDATA[<p>Please see the homepage Market Reviews for 12th anniversary edition of The Windermere Report, which has earned its reputation as the most definitive resource for data on the Blaine County housing market. Overall, 2011 was a robust year in Blaine County real estate for buyers, and a heartbreaking year for many sellers. The number of closed transactions increased 23 percent, but overall dollar volume fell 15 percent as the median sales price per transaction was 34 percent lower than in 2010.</p>
<p>That climate lead many north valley buyers to conclude that real estate prices are now at, or near, the bottom and this is an excellent time to pursue their lifelong passion of owning property in the Wood River Valley. Moreover, of the 166 homes listed for sale at year&#8217;s end, just three percent of the resort area homes are considered distressed properties.</p>
<p>Activity in the condominium/townhouse segment of our resort marketplace was also encouraging. According to the Sun Valley Board of Realtor database, 156 resort area condos sold in the past year, compared to 111 units that sold during 2010.  That’s a 40 percent increase and the highest number of condo units sold since 2007. I see this trend continuing  in 2012, with buyers who had postponed plans for a second home or vacation property during the economic turmoil, now taking advantage of attractive pricing, low interest rates and plentiful inventory.</p>
<p>For the Hailey and Bellevue single-family market, the bottom appears to be a very soggy place. In 2011, of the 94 single family sales recorded, 61 percent were either foreclosed properties being re-sold by banks or short sale transactions. Those distressed properties sold for an average of $104 per square foot, or 22 percent less than the distressed sales in 2010. We believe the south valley market will continue to struggle due to the inventory of foreclosure homes that have not yet been re-listed for sale.</p>
<p>Nonetheless, there are reasons to remain hopeful that real estate values will begin to rebound in 2012: 1) home prices and interest rates have become more affordable, 2) the bank-owned properties are being bought up quickly, and 3) many national experts predict, with the national economy beginning to recover, the number of homeowners falling into default will decrease in 2012. With those factors in mind, families and retiring baby boomers will continue to seek out healthy communities that offer amenities that we enjoy such as recreational opportunities, excellent schools and quality health care.</p>
<p>If you or someone you know have a question or need professional real estate advice, please don’t hesitate to call me. In the meantime, I hope you find our “Year in Review” newsletter informative and I look forward to working with you in the future.</p>
<p>Sincerely,</p>
<p>Dan Gorham</p>
]]></content:encoded>
			<wfw:commentRss>http://dangorham.withwre.com/2012/01/16/windermere-report-2011/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Autumn Market Review</title>
		<link>http://dangorham.withwre.com/2011/11/04/autumn-market-review/</link>
		<comments>http://dangorham.withwre.com/2011/11/04/autumn-market-review/#comments</comments>
		<pubDate>Fri, 04 Nov 2011 21:02:50 +0000</pubDate>
		<dc:creator>Dan Gorham</dc:creator>
				<category><![CDATA[Sun Valley Market Review]]></category>

		<guid isPermaLink="false">http://withwre.com/dangorham/?p=16</guid>
		<description><![CDATA[Autumn greetings from the Wood River Valley! The  snowmaking guns are busy on both Baldy and Dollar Mountain as Sun Valley prepares to open its 76th ski season later this month. Opening day is scheduled for Thanksgiving Day, which is Thursday November 24. In the local real estate market, the biggest story of 2011 has [...]]]></description>
			<content:encoded><![CDATA[<p>Autumn greetings from the Wood River Valley! The  snowmaking guns are busy on both Baldy and Dollar Mountain as Sun Valley prepares to open its 76<sup>th</sup> ski season later this month. Opening day is scheduled for Thanksgiving Day, which is Thursday November 24.</p>
<p>In the local real estate market, the biggest story of 2011 has been the surge in sales in the affordably priced inventory. In the past 12 months there have been 206 sales of residential units with sales prices under $300,000, compared to 125 closings a year ago, an increase of nearly 65 percent. The <a title="Sun Valley Market Review" href="http://dangorham.withwre.com/files/2011/11/SV-Report.pdf" target="_blank">attached graphs</a> also show that condo sales have remained strong throughout the year, climbing 52 percent from a year ago when 104 units closed escrow compared to 158 in the past 12 months. In the single family market, the number of sales is up 7.3 percent while the average sale price per square foot declined 15.7 percent. Our data shows the average sold price was down 14 percent, driven largely by the uptick in home sales priced under $300,000.</p>
<p> My second graph looks specifically at the distressed market in Blaine County. I broken out activity for both short sales and bank-owned properties. (A short sale is when proceeds from selling the property will fall short of the mortgages owed and the lien holders has agreed to accept less than the amount owed on the debt. An REO is bank-owned property that has been through the foreclosure process and is being re-listed for sale)</p>
<p> In my review, the accompanying graph shows the following:</p>
<p>A)Most of the single-family sales in the resort market remain traditional equity sales;</p>
<p>B)Distressed single-family listings in the resort market appear to be in the decline;</p>
<p>C)Almost a third of the available homes for sale in Hailey are distressed;</p>
<p>D)Over half the homes recently sold in Hailey and Bellevue were distressed;</p>
<p>E)Banks are not in the business of owning and managing homes and want these properties sold;</p>
<p> This report is designed to give you a broad overview of the Blaine County market. I’d be happy to discuss with you in more detail the value of properties in specific neighborhoods or to learn more about your long-term real estate needs. I always appreciate referrals and look forward to working with you in the future. Please don’t hesitate to call with any questions you may have.</p>
<p>Sincerely,</p>
]]></content:encoded>
			<wfw:commentRss>http://dangorham.withwre.com/2011/11/04/autumn-market-review/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

