This is a little late in reporting since we are already two months into the second quarter and a lot has happened in the past two months. The world was changed by the Corona Virus, which put our real estate to a screeching halt at the end of March and then almost one month later the flood gates opened back up and real estate started flying off the shelf again. It is an interesting world we live in and seems to continue to be so.
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: 50 homes closed this past quarter with a total dollar volume of $32,181,444 Average sales price: $643,629 and median sales price of $409,500. Our average days on market for the first quarter is 142. This was over 14% increase of average sales prices from this quarter since last year’s first quarter! The median price stayed about the same but days on market went down significantly.
Surround area’s residential closings for first quarter:
Donnelly residential sales: 10 homes closed, $6,235,100 total dollar volume. Average sales price: $623,510 and median sales price: $403,100 with an average days on market was 162. Prices are significantly up in this area on both average and median from last year. It was a 43% increase in average sales prices from last year’s first quarter closings to this year’s. It was a 16% increase in median sales prices from last year at its first quarter.
Cascade residential sales: 10 homes sold with a total dollar volume of $2,781,400. Average sales price: $278, 140 and median sales price of $282,700 with an average days on market to be 43 days. Slight increase in these numbers from last year’s first quarter but not significant.
New Meadows area residential sales: 9 homes closed. $3,420,000 total dollar volume with an average sales price of $380,000 and median sales price of $405,000. Average days on market was 96. Interestingly, these sales prices are down from last year’s first quarter, not significantly but both numbers down.