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4th Quarter Stats for 2017 Real Estate Closings

In general the fourth quarter slowed down for real estate closings in McCall, Idaho and all the surrounding communities (Donnelly, Cascade and New Meadows) in comparison to the third quarter. This is not completely unusual considering the seasonal nature of our communities but also do the lack of inventory that we saw this fall. When you look at McCall, which has the highest units sold and dollar volume of the communities, based on current inventory available and what we have seen closed consistently over the last year, we have 3.9 months worth of inventory. This absorption rate is closely related to our average days on market which is around 4.3 months.

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: 71 homes closed this past quarter with a total dollar volume of $41,689,095. Both of these numbers are down from last quarter but dollar volume is much higher than last year’s fourth quarter. Average sales price: $587,170 and median sales price of $349,000. this is up from last quarter. Our average days on market has lowered to 131 days.

Surround area’s residential closings for fourth quarter:

Donnelly residential sales: 17 homes closed, $3,987,850 total dollar volume. Average sales price: $234,579 and median sales price: $166,000 with an average days on market was 130. Overall this quarter is down from last quarter for Donnelly area, however average days on market has dropped slightly which might be due to lowering prices.

Cascade residential sales: 19 homes sold with a total dollar volume of $3,622,400. Average sales price: $190,653 and median sales price of $170,000 with an average days on market to be 132 days. Sales numbers and volumes are down this quarter but average and median prices are up slightly.

New Meadows area residential sales: 12 homes closed. $2,467,250 total dollar volume with an average sales price of $205,604 and median sales price of $186,500. Average days on market was 213. This area probably showed our biggest change for this quarter with total dollar way down and average and median prices almost dropping by half.

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.

McCall Area Real Estate Update

Its been a very busy third quarter for real estate closings in McCall, Idaho and all the surrounding communities (Donnelly, Cascade and New Meadows). 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. Click here to a link that shares the data of existing homes sales from the National Association of Realtors.

McCall residential sales: 107 homes closed this past quarter with a total dollar volume of $52,582,245. This is the highest dollar volume closed that I have seen in the past four years. Average sales price: $491,423 and median sales price of $330,000. Our average days on market was only 141 days. Average and median sales prices were up significantly from last year’s third quarter.

Surround area’s residential closings for third quarter:

Donnelly residential sales: 33 homes closed, $9,033,600 total dollar volume. Average sales price: $273,745 and median sales price: $224,000 with an average days on market was 141. The number of closed home and median sales price is up significantly year over year but average prices is down.

Cascade residential sales: 24 homes sold with a total dollar volume of $4,661,127. Average sales price: $194,214 and median sales price of $158,850 with an average days on market to be 137 days. Number of closed sales is the same year over year however average and median prices are up.

New Meadows area residential sales: 10 homes closed. $3,766,500 total dollar volume with an average sales price of $376,650 and median sales price of $340,000. Average days on market was 81. Closed transactions were slightly down year over year but average and median prices almost double!

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.

First Quarter Stats for Real Estate in McCall, Donnelly, Cascade and New Meadows

I saw a boat on Payette Lake today and many of the aspen trees are budding, so it might be safe to say that we are approaching summer. It was a wonderful winter but most of us will admit, its been the wettest spring that this area has seen in history. It has sure made the grass green and the flowers bloom. However the cooler and wet temps have not slowed down the real estate transaction in this area.

Here are numbers for last quarters real estate closings for McCall, New Meadows, Cascade and Donnelly. These numbers are brought to you by our local Mountain Central Association of Realtors MLS.

McCall residential sales: 47 homes closed, total dollar volume was $13,600,784. Average sales price: $289,378 and median sales price of $285,000. Our average days on market was 220. Median sales price was up from last year’s first quarter stats but average sales price went down slightly.

Surround area’s residential closings for first quarter:

Donnelly residential sales: 16 homes closed, $3,355,750 total dollar volume. Average sales price: $209,734 and median sales price: $151,000 with an average days on market was 181. The number of closed home is up significantly year over year but average prices are down.

Cascade residential closed sales: 5 homes sold with a total dollar volume of $972,050. Average sales price: $194,410 and median sales price of $183,500 with an average days on market to be 123 days. Number of closed sales is down significantly year over year however average and median prices are up.

New Meadows area residential closed sales: 6 homes closed. $1,839,740 total dollar volume with an average sales price of $306,623 and median sales price of $326,250. Average days on market was 328. Closed transactions about the same year over year but average and median prices almost double!

If you have more questions about the closings in Valley and Adams County please give me a call or email.

Fourth Quarter 2016 Real Estate Closings for McCall and Surrounding Area

Here are numbers for last quarters real estate closings for McCall, New Meadows, Cascade and Donnelly. These numbers are brought to you by our local Mountain Central Association of Realtors MLS.

McCall residential closed sales: 86 homes closed, total dollar volume was $33,560,510. Average sales price: $390,238 and median sales price of $268,400. Our average days on market was 142. These numbers are down from last quarter. These numbers do not include any fractional or time share sales. Our average sales price went down about 6% last quarter and 8% down for the medial sales price over last quarter.

Surround area’s residential closings for 2016 fourth quarter:

Donnelly residential closed sales: 23 homes closed, $5,735,500 total dollar volume. Average sales price: $249,372 and median sales price: $193,900 with an average days on market was 174. Sales volume was roughly the same this quarter from last quarter but average and median prices dropped slightly this quarter.

Cascade residential closed sales: 16 homes sold with a total dollar volume of $2,281,400. Average sales price: $142,588 and median sales price of $140,000 with an average days on market to be 104 days. Most of the numbers were down from last quarter, except the median sales price for this quarter was up just over 18%!

New Meadows residential closed sales: 8 homes closed. $2,751,900 total dollar volume with an average sales price of $343,988 and median sales price of $307,500. Average days on market was 199. Total dollar volume and quantity was down this quarter however, the average sales price was up almost 33% and median sales price was up almost 39%, which means that last quarter had a couple high end sales that boosted up the averages.

For questions or to learn more about the real estate activity in our area, please give me a call 208-630-3283

Third Quarter Real Estate Closings for McCall and Surrounding Areas

Here are numbers for last quarters real estate closings for McCall, New Meadows, Cascade and Donnelly. These numbers are brought to you by our local Mountain Central Association of Realtors MLS.

McCall residential closed sales: 94 homes closed, total dollar volume was $38,972,600. Average sales price: $414,602 and median sales price of $291,000. Our average days on market was 146. Significantly more homes closed and sold during this quarter than last quarter. These numbers do not include any fractional or time share sales. Our average sales price went up over 18% increase from last quarter but our mediain price only went up rougly 3% over last quarter. Right now, we have approximately 7.5 months worth of inventory for residential homes.

Land sales: 50 closed with an average sales price: $85,795 and median sales price of $69,950.

Surround area’s residential closings for first quarter:

Donnelly residential closed sales: 20 homes closed, $5,739,030 total dollar volume. Average sales price: $286,952 and median sales price: $217,500 with an average days on market was 162. Sales volume increased significantly for this quarter from last quarter but average and median prices dropped slightly this quarter. Donnelly currently has approximately 1 year worth of inventory for homes.

Cascade residential closed sales: 24 homes sold with a total dollar volume of $3,440,100. Average sales price: $143,338 and median sales price of $116,000 with an average days on market to be 129 days. Many more properties sold this quarter but a pretty significiant drop in median sales price from last quarter. This area currently has 8.5 months worth of inventory for homes.

New Meadows residential closed sales: 13 homes closed. $3,002,500 total dollar volume with an average sales price of $230,962 and median sales price of $189,000. Average days on market was 175. Sales were down across the board for this area for the third quarter verses the second quarter. Averages were closer to the first quarter sales in New Meadows area than last quarter, which means that last quarter had a couple high end sales that boosted up the averages. They currently have 7.5 months worth of inventory.

Prices Increased with Auctioned Payette Lake Lots this Year

The Idaho Department of Lands recently released information on their latest auction of 30 Payette Lake lots sales. The sale took place in Boise on August 19th during a public auction. The sale generated over $12,605,500 for the endowment funds that support the Idaho public school systems and State hospital south.

The Idaho Constitution requires a public auction for the disposal of state endowment trust lands, and IDL can accept no less than the appraised value of the properties.

Sales from last year’s auction ranged from $40,000 – $68,000 for second and third tier lake front lots, sales of similar lots this year ranging from $55,000 – 83,000. Lake front lots last year went $480,000 – $1,155,000, this year’s sales of lake front ranged from $400,000 – $1,570,000.

There were three lots last year that were not able to sell at auction, two of the three went up for auction again this year and sold with a higher sales price than the minimum reserve that was not met last year.

2230 Payette Drive sold this year for $872,000 – last year there was no sale at $860,000.
990 Pine Haven sold this year for $72,000 – last year there was no sale at $70,000.

This is very consistent to what we are seeing in McCall’s real estate market this year. Our average sales prices are increasing and inventory shrinking. This year’s State auction will continue to nudge our real estate prices up in the McCall Area.

For more information about Idaho Department of Lands Payette Lake Cottage Sites Auction please email me at cory@corbetproperty.com.

1st Quarter for 2016 Real Estate Closings for our Area

It has been a fantastic winter here in McCall and surrounding area, with one of the best snow packs in almost seven years and lots of people in town; it brought another great first quarter of real estate season behind us.

Here are numbers for last quarters real estate closings for McCall, New Meadows, Cascade and Donnelly. These numbers are brought to you by our local Mountain Central Association of Realtors MLS.

Residential sales: 41 homes closed, total dollar volume was $1,226,0175. Average sales price: $299,042 and median sales price of $282,000. Our average days on market was 216 and median days on market was 165.

Land sales: 20 closed with an average sales price: $79,861.

Surround area’s residential closings for first quarter:

Donnelly residential sales: 6 homes closed, $1,609,900 total dollar volume. Average sales price: $268,317 and median sales price: $247,450 with an average days on market was 211, median days on market 233.

Cascade residential closed sales: 11 homes sold with a total dollar volume of $1,650,000. Average sales price: $150,082 and median sales price of $140,000 with an average days on market to be 216 days and median days on market 204.

New Meadows area residential closed sales: 5 homes closed. $933,500 total dollar volume with an average sales price of $186,700 and median sales price of $205,000. Average days on market was 147 and median days on market 101.

4th Quarter Stats for Real Estate Closings

Happy 2016! Another quarter is behind us and as we review our end of quarter stats for real estate closings around McCall and surrounding areas, we see an overall drop in average sales price based on the previous quarter but year over year we could easily see an increase across the board. Our seasonal trends really effect our average sales prices each quarter. Please feel free to call or email to discuss in more details any of this data or general real estate information and trends for our area.

McCall’s closings for the fourth quarter:

Residential sales: 76 homes closed, total dollar volume was $23,424,050. Average sales price: $308,211 and median sales price of $206,000. Our average days on market was around 173. These numbers are down from our third quarter, with almost a 11% drop in average sales prices for the third quarter average sales price of $343,322.

Land sales: 23 closed with a total dollar volume around $4,907,150. Average sales price: $213,354 and median sales price of $92,500. Our average days on market was around 362.

Surrounding area’s residential closings for the fourth quarter:

Donnelly residential sales: 20 homes closed, $3,721,735 total dollar volume. Average sales price: $186,087 and median sales price: $159,250 with an average days on market was 188. The average sales price is down from last quarter almost 15%.

Cascade residential closed sales: 15 homes sold with a total dollar volume of $2,329,901. Average sales price: $155,327 and median sales price of $151,000 with an average days on market to be 161 days. Cascade saw an increases for the fourth quarter with a 1% increase in average sales price
over last quarter.

New Meadows area residential closed sales: 9 homes closed. $1,204,079 total dollar volume with an average sales price of $133,378 and median sales price of $84,000. Average days on market was 148. There was a pretty significant drop in average sales price of almost 45% from last quarter.

Information was put together from our local MLS.

Third Quarter Stats for Real Estate Closings in 2015

It was a busy summer for real estate which is very typical for our area. Nationally, existing home sales dipped slightly in August, but in our area numbers remained strong throughout the third quarter. Often we see our prices dip slightly in the late fall, when we are nearing the end of our busiest season and winter is around the corner. Sellers motivation has a tendency to increase when snow is in the forecast.

Looking at the closed sales for the McCall area during the third quarter based on our local MLS, we see that 101 residential properties sold with average prices around $343,322, which is up from the second quarter of this year and significantly up from the third quarter in 2014.

In the Donnelly area, 17 residential properties sold during the third quarter with an average sales price around $217,512, this is up from the second quarter but down from the third quarter of last year.

Cascade area residential sales were at 20 closings this quarter with an average sales price of $154,065 which is also up from the second quarter of this year and the third quarter of last year.

New Meadows area had 11 closings this past quarter with an average sales price of $239,364. Their average numbers are also up from the second quarter of 2015 as well as year over year for third quarter of 2014.

2nd Quarter Real Estate Closing Stats for 2015

Local real estate closings for the second quarter are a bit surprising, especially for the McCall Area.

Here is a quick summary of what the data looks like for our closings, based on information from our local MLS.

McCall’s closings for the second quarter:

Residential sales: 47 homes closed, total dollar volume was $14,278,250. Average sales price: $303,793 and median sales price of $231,000. Our average days on market was around 165. These numbers are down from our first quarter, with almost a 16% drop in average sales prices for the second quarter.

Land sales: 35 closed with a total dollar volume around $3,507,000. Average sales price: $100,200 and median sales price of $72,500. Our average days on market was around 342. The number of closings for the second quarter are much higher than last quarter but the average prices dropped almost 7%.

Surround area’s residential closings for second quarter:

Donnelly residential sales: 12 homes closed, $2,599,350 total dollar volume. Average sales price: $216,613 and median sales price: $156,000 with an average days on market was 190. These numbers are stronger for the second quarter over the first with an increase in the average sales price almost 9%.

Tamarack residential sales: 2 homes, for a total of $842,616 in dollar volume. Average sales price: $421,308 and median sales price of $421,308. The average days on market was 662 days. These numbers are a lot lower in quantities than last quarter but average sales price went up almost 11% over last quarter.

Cascade residential closed sales: 15 homes sold with a total dollar volume of $2,236,650. Average sales price: $149,110 and median sales price of $142,500 with an average days on market to be 150 days. Cascade saw the best increases for the second quarter with almost a 23% increase in average sales price for the second quarter over the first.

New Meadows area residential closed sales: 11 homes closed. $2,083,000 total dollar volume with an average sales price of $189,364 and median sales price of $199,500. Average days on market was 180. This area saw a slight increase of average sales price of 4% for its second quarter.

If you have any questions about these numbers or want to review other statics in your area, please give me a call or email: cory@corbetproperty.com

4th Quarter Stats for 2017 Real Estate Closings

McCall Area Real Estate Update

First Quarter Stats for Real Estate in McCall, Donnelly, Cascade and New Meadows

Fourth Quarter 2016 Real Estate Closings for McCall and Surrounding Area

Third Quarter Real Estate Closings for McCall and Surrounding Areas

Prices Increased with Auctioned Payette Lake Lots this Year

1st Quarter for 2016 Real Estate Closings for our Area

4th Quarter Stats for Real Estate Closings

Third Quarter Stats for Real Estate Closings in 2015

2nd Quarter Real Estate Closing Stats for 2015

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