Economic Summit Report

ECONOMIC SUMMIT REPORT

October 7 SVED held its 4th Annual Economic Summit at Sun Valley Resort's Limelight Room.  Almost 250 registrants from Business, Government, Non-Profits and Education got inspired by keynote speaker Gordon Jones, founder of BSU's new College of Innovation and Design.
Next came panel discussions and Q&A with local experts:
Innovation In Our Business Start-Up Ecosystem
Cultural and Recreational Tourism
Obstacles and Opportunities in Land Use
Growth and Aspirations
The panel power points are available HERE

 


Thank you again to our volunteers, panelists, sponsors, and attendees for making this event a success.
The 5th Annual Economic Summit is planned for October 5, Wednesday, 2016.

 KETCHUM HAS A NEW MUCH NEEDED EVENT CENTER  

Deb Burns and Jeni Riley are the new managerial team at the Ketchum Conference Event Center in the mall behind TopNotch on Sun Valley Road.
 
Bringing event goers to a location in the heart of Ketchum will be great for local businesses as it builds vibrancy downtown.
 
You can help get this venture started by sending referral ideas to info@ketchumeventcenter.com or visit  www.ketchumeventcenter.com.


BRING A BUSINESS TO BLAINE

We have a lot of work to do if we are going to replace the jobs that moved out of the valley when Eye Safety Systems, SCOTT, and SMITH matured here, became very successful and were acquired by larger companies with different global strategies.

One of our options is to attract small businesses here, who, like ESS, SCOTT, and SMITH, can grow here and utilize former employees.  With the growth of our air service and more prevalent telecommuting technologies we are a good fit for many businesses.  We need to spread the word that we are open for business!


SAVE THE DATE

January 20, Quarterly Members Only Meeting, Ketchum Event Center

October 5, 5th Annual Economic Summit, Sun Valley Resort

Thank you,
 
Harry Griffith  harry@sunvalleyeconomy.org  
 
Doug Brown dougbrownsv@gmail.com

Sun Valley Economic Development

Posted on November 16, 2015 at 5:01 pm
Randy Flood | Category: Ketchum and Sun Valley Real Estate Info, Ketchum and Sun Valley Real Estate Video Info, Water Rights

Ketchum, Idaho: Hemingway’s Sunny Home Away from Home Read more: http://www.smithsonianmag.com/videos/category/history/idaho-hemingways-sunny-home-away-from-home/?no-ist#GwP4wc0ZX8qbPw5y.99 Give the gift of Smithsonian magazine for only $12! http://bit.ly/1cGUiGv Follow us: @SmithsonianMag on Twitter

Hemingway, who moved to Ketchum in 1960, was often spotted in town at the Sawtooth Club, when he wasn't writing, hunting, or fly-fishing. (4:07)

Read more: http://www.smithsonianmag.com/videos/category/history/idaho-hemingways-sunny-home-away-from-home/?no-ist#GwP4wc0ZX8qbPw5y.99
Give the gift of Smithsonian magazine for only $12! http://bit.ly/1cGUiGv
Follow us: @SmithsonianMag on Twitter

Posted on November 16, 2015 at 10:23 am
Randy Flood | Category: Ketchum and Sun Valley Real Estate Info, Ketchum and Sun Valley Real Estate Video Info, Water Rights

Water Rights Leasing

Posted on November 16, 2015 at 10:15 am
Randy Flood | Category: Ketchum and Sun Valley Real Estate Info, Ketchum and Sun Valley Real Estate Video Info, Water Rights

Water Rights Rental Update

Wood River Valley Transaction Zones

 

This interim ground water rental policy delineates the Wood River aquifer into six zones:

 

  1. The River Zone,
  2. The Bellevue Zone,
  3. The Ketchum Zone,
  4. The Eastern Triangle Zone, and
  5. The Hailey Zone,
  6. The Western Triangle Zone

The river zone is a two hundred foot wide buffering of the Big Wood River and the major tributaries of Croy Creek, Deer Creek, East Fork, Trail Creek and Warm Springs Creek. Due to the direct and immediate connection between surface and ground waters within this two hundred foot wide river zone, all ground water pumping within the river zone will have a direct and immediate impact on surface water resources. No stream depletion analysis is required for rentals within the river zone, however all ground water rentals within this zone should be satisfied by ground water rights that are leased into the Bank from within this zone. All rentals of ground water within the river zone may be subject curtailment once the minimum stream flows of the Big Wood River are not being met.

 

The Ketchum zone covers all ground water rights located north of the point of diversion for the Hiawatha Canal(effectively the intersection of Highway 75 and Ohio Gulch Road). All ground water points of diversion north of Hiawatha Canal and not within the 200 foot wide river zone are part of the Ketchum Zone. The Ketchum zone includes all northern tributary valleys for the Big Wood River including Eagle Creek, East Fork, Greenhorn Creek, Lake Creek, Trail Creek and Warm Springs Creek. No stream depletion analyses are required for ground water to ground water rental requests that both originate (are leased) from and are satisfied (rented) within this zone.

 

All rental requests remain subject to standard rental review procedures to guard against injury and enlargement of water use.

The Hailey zone covers all ground water points of diversion south of the Ketchum zone, outside the river zone and north of the point of diversion for the Irrigation District #45 Bellevue Canal.

 

The Hailey zone extends to all central tributaries of the Big Wood River including Croy Creek, Deer Creek,Indian Creek and Quigley Creek. No stream depletion analyses are required for ground water to ground water rental requests that both originate from and are satisfied within this zone and rental requests remain subject to standard rental review procedures to guard against injury and enlargement of water use.

 

The Bellevue zone extends from the Hailey zone to the point of diversion for the Bypass Canal (effectively Glendale Road) and includes all ground water points of diversion tributary to Seaman’s Creek/Muldoon Canyon.  No stream depletion analyses are required for ground water to ground water rental requests that both originate from and are satisfied within this zone and rental requests remain subject to standard rental review procedures to guard against injury and enlargement of water use.

 

The final two zones cover the western and eastern halves of the confined and unconfined aquifers of the Bellevue triangle. Ground water in the western half of the triangle is hydraulically connected to surface water flowing to the Big Wood River while eastern ground waters flow in to Silver Creek and the Little Wood River. The two zones correspond roughly to all lands east and west of Kingsbury Lane. No stream depletion analyses or ground water impact analyses are required for ground water to ground water rental requests that both originate from and are satisfied within a zone and rental requests remain subject to standard rental review procedures to guard against injury and enlargement of water use.

 

Posted on February 2, 2015 at 4:16 pm
Randy Flood | Category: Ketchum and Sun Valley Real Estate Info, Ketchum and Sun Valley Real Estate Video Info, Water Rights

Seller Value Proposition Sun Valley Real Estate Marketing

Randy Flood’s Seller Service Standards Contract

 

When Randy Flood chooses to Accept a Listing of Real Estate, he main standard is to provide “Fiduciary Service” rather that just “Functionary” Service.

 

Value Proposition

 

  1. Needs Analysis

     

     

     

    1. Help Clarify the motivating reasons to sell
    2. Determine the seller’s timetable
  2. Pricing Strategy

     

     

     

    1. Determine the Best Selling price strategy given current market conditions.
    2. Show resulting net sheet.
  3. Property Preparation
  1. Advise on repairs and improvements
  2. Provide staging strategies
  1. Marketing Strategy
  1. Develop Marketing Plan
  2. Establish Marketing Timetable
  1. Receive an Offer

     

     

     

    1. Evaluate offers.
  2. Negotiating to Sell
  1. Negotiate counteroffers.
  2. Advise on final terms and conditions.
  1. Sell

     

     

     

    1. Prepare post contract work list.
    2. Advise on repairs and vendor services
  2. Preclose Preparation

     

     

     

    1. Coordinate and supervise document preparation
    2. Provide Preclose Consulting
  3. Closing
  1. Review closing documents.
  2. Resolve last-minutes items.
  3. Complete Transaction.
  1. Post Closing
  1. Coordinate move.
  2. Assist with Post closing issues.

 

 

In addition to the above Value Proposition Randy Flood will provide the additional services.

 

  1. Video Clicks Guarantee – Randy Flood will provide a dynamic sales presentation which will provide the buyer will all information pertaining to your property.  This video will create broad domestic branding of your property.
  1. For properties with a Market Value over $1,000,000 Randy Flood Guarantee’s 10,000 clicks.
  2. For properties with a Market Value over $500,000 Randy Flood Guarantee’s 5,000 clicks.
  3. For properties with a Market Value over $10,000,000 Randy Flood Guarantee’s 100,000 clicks.
  4. For properties with a Market Value over $100,000 Randy Flood Guarantee’s 1,000 clicks.
  1. Shadow Studies on the property
  1. Analysis the Winter and Summer shadows cast on the property, which provides the buyer with a better understanding of Winter and Summer Solicits.  This can expedite the receiving of an offer from a buyer.

13.) Replacement Cost Analysis

  1. Obtain Bids from one of the following contractors to qualify the replacement cost of the property. Ramsay Solutions, Lee Gilman Builders, Sawtooth Construction.
  1. Water Rights Analysis
  1. Estimated market value of the water rights.

 

 

 

 

Posted on November 14, 2014 at 6:07 pm
Randy Flood | Category: Ketchum and Sun Valley Real Estate Info, Ketchum and Sun Valley Real Estate Video Info, Water Rights

Sample of Great Marketing Youtube Listing

Posted on September 15, 2014 at 2:53 pm
Randy Flood | Category: Ketchum and Sun Valley Real Estate Info, Ketchum and Sun Valley Real Estate Video Info, Water Rights

Strange Market Sun Valley Real Estate MArket

Our market seems pretty strange right now, and I can’t seem to put a finger on it.  There have been 36 sales for condos and residential homes with a list price of $1 Million or greater since Jan 1st 2014.  Which is good strong data on the luxury market.  The following data is for what we call the resort market, Sun Valley, Ketchum, Warm Springs, Elkhorn, and North Ketchum.  It would be a case of have and have not type of market.  Weak employment conditions for the professional worker, but the people with net worths of $5 Million or more have no problem spending money on quality inventory.

Condo / Townhome Market Snap Shot by Price segment.

In the condo / townhouse market 900,000 – 1,000,000, there are 0 pending properties for a total of 7 listings, (3 bedrooms or more).

In the condo / townhouse market 800,000 – 900,000, there are 4 pending properties for a total of 10 listings, (3 bedrooms or more).

In the condo / townhouse market 700,000 – 800,000, there are 3 pending properties for a total of 26 listings, (3 bedrooms or more).

In the condo / townhouse market 600,000 – 700,000, there are 0 pending properties for a total of 16 listings, (3 bedrooms or more).

In the condo / townhouse market 500,000 – 600,000, there are 0 pending properties for a total of 15 listings, (3 bedrooms or more).

In the condo / townhouse market 400,000 – 500,000, there are 0 pending properties for a total of 11 listings, (3 bedrooms or more).

In the condo / townhouse market 300,000 – 400,000, there are 0 pending properties for a total of 6 listings, (3 bedrooms or more).

In the condo / townhouse market 300,000 – 400,000, there are 0 pending properties for a total of 41 listings, (2 bedrooms or more).

In the condo / townhouse market 200,000 – 300,000, there are 3 pending properties for a total of 33 listings, (2 bedrooms or more).

 

Posted on July 8, 2014 at 6:40 pm
Randy Flood | Category: Ketchum and Sun Valley Real Estate Info, Ketchum and Sun Valley Real Estate Video Info, Water Rights

Blaine County Top 50 in County

This report indicates that Blaine County is in the top 50 for places to live.

 

http://www.nytimes.com/2014/06/26/upshot/where-are-the-hardest-places-to-live-in-the-us.html?emc=eta1&_r=0

Posted on June 26, 2014 at 8:37 pm
Randy Flood | Category: Ketchum and Sun Valley Real Estate Info, Ketchum and Sun Valley Real Estate Video Info, Water Rights

Randy’s Hailey Picks

Posted on June 26, 2014 at 7:24 pm
Randy Flood | Category: Ketchum and Sun Valley Real Estate Info, Ketchum and Sun Valley Real Estate Video Info, Water Rights

118 Hyndman Way Sun Valley Real Estate

Buyers indicated they wanted to be in Sun Valley, but after seeing this property in eastfork, the buyer agent told me they fell in love with the property as there was nothing like it in the resort market.  It sold today for $2.925 Million.

Posted on June 24, 2014 at 9:12 pm
Randy Flood | Category: Ketchum and Sun Valley Real Estate Info, Ketchum and Sun Valley Real Estate Video Info, Water Rights