The deep snow and cold temperatures didn’t keep buyers from making their purchase in our area. Across the board for all areas between New Meadows to Cascade saw increase in average and median sales prices. Historically with other first quarters we have seen the same amount of quantities closing but just not these high of numbers.
Here are numbers for last quarters real estate residential closings for these areas; the closings do not include timeshares, fractional ownership or state lease sales. These numbers are brought to you by our local Mountain Central Association of Realtors MLS.
McCall residential sales: 42 homes closed this past quarter with a total dollar volume of $23,259,130. Average sales price: $553,789 and median sales price of $409,000. Our average days on market for the first quarter is 234. The sales prices are up from last quarter, overall quantities are down but with the little inventory that we have seen this winter, demonstrates that if there isn’t a lot to buy and what is out there for sale is now at a higher price.
Surround area’s residential closings for first quarter:
Donnelly residential sales: 10 homes closed, $3,568,730 total dollar volume. Average sales price: $356,873 and median sales price: $339,915 with an average days on market was 203. Prices are significantly up in this area and are continuing to rise with the updates and promises of what is to come for Tamarack Resort.
Cascade residential sales: 7 homes sold with a total dollar volume of $1,932,000 Average sales price: $276,000 and median sales price of $252,000 with an average days on market to be 131 days. This area has really seen an increase in prices from last quarter which was due to the lack of inventory as well.
New Meadows area residential sales: 5 homes closed. $1984,000 total dollar volume with an average sales price of $396,800 and median sales price of $483,000. Average days on market was 95. This area has shown significant growth in this quarter compared to last year. Once again, proving my opinion that due to lack of inventory in the McCall area people are considering properties in surrounding areas.
If you have more questions about the closings in Valley and Adams County or would like to learn more about selling your home in today’s market please give me a call or email.