Condos Archives - Corbet Property

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.

1st Quarter 2015 for closed transaction around McCall and Surrounding Areas

With the first quarter of 2015 behind us, its time to review the closed real estate transactions for our area.

McCall’s closings for the first quarter:

Residential sales: 67 homes closed, total dollar volume was $23,993,000. Average sales price: $358,105 and median sales price of $272,000. Our average days on market was around 147.

Land sales: 13 closed with a total dollar volume around $1,389,300. Average sales price: $106,869 and median sales price of $44,000. Our average days on market was around 235.

Surround area’s residential closings for first quarter:

Donnelly residential sales: 12 homes closed, $2,386,355 total dollar volume. Average sales price: $198,863 and median sales price: $214,450 with an average days on market was 185.

Tamarack residential sales: 10 homes, for a total of $3,767,900 in dollar volume. Average sales price: $376,790 and median sales price of $354,950. The average days on market was 209 days.

Cascade residential closed sales: 14 homes sold with a total dollar volume of $1,635,000. Average sales price: $116,786 and median sales price of $103,500 with an average days on market to be 195 days.

New Meadows area residential closed sales: 5 homes closed. $910,000 total dollar volume with an average sales price of $182,000 and median sales price of $175,000. Average days on market was 164.

Overall home values and quantities were up significantly from this quarter to last year however land sales are down, which is a bit surprising considering the milder winter, however it looks like it is going to be a strong year with new home construction as there is a significant increase in building permits this year.

Real Estate Market Continues to Heat Up in Third Quarter

Once again strong numbers in real estate for closings around McCall and surrounding areas for the third quarter in 2014. It will be interesting to keep watch over Donnelly and Tamarack’s real estate over the next several months with the announcement of the 7 days per week operation for the ski resort for the 2014-2015 season. The excitement of the new ownership and resurgence of money and attention into the resort will be a huge boost for employment, owners living at Tamarack and the overall general real estate in that area.

Quick look at the residential closings around McCall for the third quarter:

76 closed sales with over $26,058,603 in total dollar volume. The average sales price was $288,950 and median sales price of $277,000. Average days on market were 144 days.

Tamarack / Donnelly Area residential closings for third quarter:

23 closed sales with over $6,732,800 in total dollar volume. The average sales price was $292,730 and median sales price of $260,000. Average days on market were 169 days.

New Meadows Area residential closings for third quarter:

15 closed sales with over $2,787,750 in total dollar volume. The average sales price was $185,450 and median sales price of $192,500. Average days on market were 271.

Cascade Area residential closings for third quarter:

21 closed sales with over $3,080,900 in total dollar volume. The average sales price was $146,710 and median sales price of $135,000. Average days on market were 208.

Please contact me for more information on these or other properties. Data was gathered from our Local MLS.

Where to Retire Article

We were excited to see McCall recently featured in the September/October 2014, “Where to Retire Magazine”. Stated as one of the undiscovered havens for retired couples, the article shares some stories from recent retirees to McCall along with some useful and interesting facts about our area. If I wasn’t still working, I would enjoy retiring in this beautiful Gem State town of McCall. Please contact me if you would like to have a copy of this article sent to you.

2nd Quarter Review of Property Sales in McCall Area

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.

Fall Real Estate Update in McCall

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.

Alpine Village Offers Luxury and Maintenance Free Living in McCall

Alpine Village is the heart of downtown McCall offers a unique ownership in McCall that blends custom home finishes with hassle free ownership. These thoughtfully designed condos offer top of the line finishes with every day comforts. Alpine Village has become a fantastic extension to the downtown area with a vibrant pedestrian plaza and is home to several businesses, such as Studio 616, Playlive, First American Title and the Liquor Store. For those looking for style, elegance and convenience - Alpine Village is your place. Please call Cory for a personal tour or for more information.

April Closings were up from March

McCall’s real estate closings were up over 12% for the number of transactions from last month and up almost 130% in total dollar volume. The total number of closings last month for McCall, which includes land, homes, condos and commercial was 18 with a total dollar volume of $4,313,255. The lowest priced sold property was a vacant lot in Broken Ridge Subdivision and the highest priced closing was a Payette Lake front home. The average sales price for a property sold in McCall last month was $239,625.

2011 Recap for McCall's Closings

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.

March Closings for McCall Area

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.