McCall and surrounding area’s real estate continues to remain strong and improving over last year’s numbers. Our year to date for 2013 for McCall’s residential closed sales based on information from our local MLS states there have been 218 closings with an average sales price of $306,492 and an average square price per foot at $162.51. This is almost a 15% increase over last year’s average at this same time.
Inventory is at an all time low as well, with less than one year of supply of McCall’s homes. Keep posted for a report on year’s end number in a couple months.
September real estate closings for the McCall area were down from August, with 35 closed transactions which were represented by 1 commercial property, 12 vacant land sales, and 22 residential. The overall dollar volume was $7,290,000 with an average sales price on the homes to be around $289,391 and for the vacant land average sales price to be $62,033.
It seems like we are slowly making a swing up in average prices and quantities sold. The graph below shows how the trend of average sales prices for the month of September in year over year comparison. Information was gathered through 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.
The extra day this year didn’t add to much more activity to the real estate transactions around McCall. There were 13 real estate transactions closed around the McCall area during the month of February according to our local MLS, with a total dollar volume of $1,434,500. Of the 13, 2 were fractional properties, 2 condominiums, 3 vacant land, and 6 single family homes. The lowest price sold in February was $25,500 which was a lot in Crescent Rim area and the most expensive property closed in February was a Shiner Creek Condominium sold for $265,000. Of the ones closed, only 4 of them were reported as short sales or foreclosures. The good news is that there are 36 properties pending or have a contingent status for the McCall area, including some nice lake front properties, so expect to see the real estate numbers for the upcoming months to jump up significantly.
Posted in: DAILY REAL ESTATE NEWS | MONDAY, FEBRUARY 13, 2012
Florida cities are expected to see some of the biggest recoveries in housing prices in the coming months, according to a new report by Realtor.com that reveals the top turnaround towns. In fact, the signs are already there with drops in inventories and distressed homes, as well as higher listing prices and increases in sales.
The following are the top six housing markets expected to see the biggest turnaround, according to Realtor.com.
1. Miami, Fla.
Median home price: $185,000
Growth: Sales volume of existing single-family homes has jumped 51 percent in the third quarter compared to 12 months prior.
A factor in the recovery: International clients are snagging up Miami homes: In May, they purchased 60 percent of existing houses and condos and 90 percent of newly built homes.
Median home price: $129,000
Growth: Homes sold 27 percent faster in the fourth quarter compared tot he same period in 2010.
A factor in the recovery: An improving job market: Unemployment dropped to 7.7 percent in November, which beats the national average and is a 1.1 percentage point improvement over 2010‘s rate in the city.
Median home price: $145,000
Growth: Inventory of for-sale homes dropped 44 percent in the fourth quarter and homes that were on the market sold 37 percent faster than they did a year earlier.
A factor in the recovery: A strong tourist destination, Orlando is attracting international buyers, such as from South America, Canada, and Europe. Also, the job market is improving there, particularly aided by the development of a major medical complex.
4. Fort Myers, Fla.
Median home price: $115,000
Growth: Median listing prices here had the biggest increase in the nation last year, soaring 31 percent year-over-year.
A factor in the recovery: This retirement hot-spot is getting more attention from Canadians, who are taking advantage of a strong Canadian dollar and the fallen home values here.
5. Sarasota, Fla.
Median home price: $181,000
Growth: Sales volume here increased 17 percent during the three months ended Dec. 31 compared to year-over-year. Plus, home prices rose 2 percent in that time period.
A factor in the recovery: A drop in bank-owned homes and distressed sales is helping the housing market to recover, as well as an improving job market.
6. Boise, Idaho
Median home price: $120,000
Growth: A big drop in inventory: The number of homes for sale during the fourth quarter dropped by 40 percent compared to a year earlier.
A factor in the recovery: The metro area is seeing a growth in the diversity of its employers and the number of jobs its attracting, particularly in the tech industry and a growth in agricultural-based companies.
I am always interested after the end of a calendar year to see how it stacks up with last year’s numbers for real estate closings in McCall. So, I recently pulled up the listings on our local MLS, grabbed a calculator and pencil and started pulling it altogether. I was surprised to see how low the overall dollar volume was in comparison to the last two years, but the rest seemed on par from the previous years. Here is how it stacked up for 2011:
Total closed transactions for McCall area: 269
Overall total dollar volume for closed transactions: $48,825,233
Average sold price: $185,224
Median sold price: $260,000
Average days on market: 194
Min. sold price: $10,000 (vacant lot in Fox Ridge Subdivision)
Max. sold price: $1,655,000 (Payette Lake front home)
Units sold for vacant land: 60
Units sold for commerical/office: 8
Units sold for condos/townhomes: 43
Units sold for single family residential: 158
Last year, 2010 the total number of transacations closed for McCall was 292 with a total dollar volume of $62,543,214. In 2009, there were 239 closed transacations with a total dollar volume around $68,743,128.
We are a little behind in getting the April numbers posted so since we waited long enough, we now might as well post the real estate closings for both April and May. It is hard to believe it is already June 5th.
April closings for McCall were very strong this year, the most dollar volume we have seen all year. There were 21 real estate closings for April with a total dollar volume of $3,936,501. The average sales price was $187,452. Five of the closings were short sales and six of the closings were banked owned properties.
May’s closings were down from April, with a total dollar volume around $2,696,655 with only 17 closings for the McCall area. Six of the closings were banked owned and three were short sales.
For more information about real estate in McCall call or email us today.
We saw another strong month of real estate closings for the McCall area with 19 transactions closed for the month of March and a total dollar volume of $2,932,500. This number is down from last month however we did see an increase in median sales price and a lower percentage of distressed properties sold. In March, of the 19 properties that closed, 2 were lots, 4 were condos, 1 was fractional, and the remaining were single family homes. Our average sales price was $154,342 but with a median price of $217,000 which was a reflection of a Payette Lake Front home closing at $425,500. For distressed properties closed, only 8 of them were short sales or banked owned, bringing our percentage of distressed properties to 42% down from last month’s 65%. Our lowest sale this month was a Hearthstone fractional ownership, closing at $28,000.
With summer just around the corner, now is a perfect time to be looking for real estate in McCall, with an average close rate of 30 – 60 days you could be moving into your lovely new home just in time to start enjoying one of McCall’s best season. Please don’t hesitate to call or email us to help you find that perfect place in McCall while prices are great, interest rates still low and a good selection of homes to review.
February closings in McCall saw an increase in dollar volume this month, with 23 transactions closed and a total dollar volume of $3,579,400 an increase around $553,499 in sales over last month. The number of sales is much higher than last month, which was one of the factors that decreased our median sale price to $205,000. Most of the sales were residential homes, however we also saw 4 lots sell, 3 condos, and 1 townhome. 13 of the closings last month were banked owned and 2 of them were short sales, which tells us that over 65% of sales are still distressed properties. March appears to be starting off strong with over 25 properties in contract. Check back with us again to see how March ends.
As we close out the month of January, the real estate transactions show signs of recovery for prices. There were 14 closings in the month of January this year, with 2 of them being commercial/industrial, 1 vacant land, 2 condos, 8 residential and 1 being residential with acreage. The total volume of these sales came to $3,025,901 with a median price of $335,001. Last month the median price of property sold was at $289,900, so this month has seen an increase of almost 15% in median price.