The second quarter of 2014 closed real estate transactions in McCall and surrounding areas is pretty interesting. The overall closed residential sales show us that in McCall year over year data states that we are only seeing a slight increase this quarter of 1.01% over last year. Donnelly is showing a stronger increase with a 21.88% increase, Cascade ahead of them with a 25% increase and most interesting is the rebound New Meadows is making with a 41.67% increase over last year.
Vacant land sales aren’t as dramatic with McCall land sales for the second quarter only up 2.2%, Donnelly vacant land sales up 4.35% and Cascade vacant land sales the strongest this quarter with a 20% increase over last year. Surprisingly, New Meadows vacant land sales are down almost 10% over last year at this time.
Condos and townhomes had a strong number of closings during the second quarter in McCall representing almost 20% of the residential sales, 15 condos and 5 townhomes closed this quarter. The significance of this being that condominiums were a tough sale for many years with the options of financing very limited and the prices of single family homes a much better value, now people are turning towards this low maintenance option now with financing more available and prices of homes going up.
It is also very encouraging to see the increase in New Meadows. This beautiful valley has been slow to rebound since the real estate market downturn in 2010 so it great to see it starting to sell again.
This information was provided by our local MLS. Please give me a call or email if you have any questions or would like to learn more about real estate in our area. I am happy to help you sell your home or find that perfect place in McCall, Donnelly, New Meadows or Cascade.