Momentum in the real estate market continues to grow as we head into the later part of summer. Real Estate closings for the month of July around McCall were very strong when compared to last year’s numbers. In July 2013 there were 41 closed transactions, over $10,454,950 total dollar volume and an average price of a residential home at $335,929. Compared to last year’s closings for the month of July, where we had only 25 real estate closed transactions for the McCall area, total dollar volume of $5,083,650 and an average home sales price of $287,895. We almost doubled in dollar volume and saw an increase of almost 15% in average sales prices.
This Year over last year our quantities are down but our dollar volume is way up along with our average sales price. This is a result from a decrease in distressed sales for 2013. Of our current inventory of homes for sale in McCall, which currently runs around 296 properties, only 22 are short sales or bank-owned homes. In previous years, we have seen this to be closer to 50% of our market.