Estate 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.

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: [email protected]

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.

McCall's First Quarter Real Estate Sales

Reviewing the closed transactions from the first quarter of this year, shows an incredibly increase from last year’s first quarter’s numbers. The second quarter of 2014 looks to be just as strong.

Here is a quick breakdown:

2014 first quarter there were 39 homes sold in McCall for a total of $13,031,389 worth of sales.

Median sales price: $265,000
Average sales price: $334,138

In the land sales for 2014 first quarter, there were 19 closed transactions around McCall with a total dollar volume of $1,728,725.

Median sales price: $65,000
Average sales price: $90,986

Compare this to last year’s first quarter. For 2013 the first quarter sales for residential homes, there were 38 sales with a total of $8,740,900.

Median sales price: $207,500
Average sales price: $230,024

Land sales for were also down from this year, with only $984,755 total dollar volume shared between 19 sales.

Median sales price: $35,000
Average sales price: $51,829

This data was collected by our local MLS. Please call or email to discuss these or any other properties in more details.

I also service the areas of New Meadows, Donnelly and Cascade.

Year End Stats for Property Sold in McCall

It is fun to bring in the New Year with lots of goals and aspirations for the year to come. In real estate, I always like to begin the new year with analyzing what has happened in the past year to help set expectations for what our market could look like for 2014. In beautiful McCall, Idaho we are in a world of its own when it comes to real estate. We are, as National Geographic states, one of the best kept secrets for both ski towns and overall small town resort communities. Our real estate prices are higher than most cities due to our location and building requirements but we are significantly less expensive than most well know resort towns such as Sun Valley, Aspen, or Tahoe. We are also one of the few resort towns that have a beautiful mountain lake right in downtown!

Let’s take a look at 2013: Last year we saw 384 real estate transactions closed in the McCall area that included all types of properties. Eight of these properties closed were commercially related and one was ranch/farm land. The majority of our closed transactions were land and homes. Of the 384 closed deals in McCall, 116 were vacant land, described here as all kinds. In the category of acreages, we saw an average price per acre at $22,308 and a median price per acre at $14,280/ acre. For residential homes sold this year we had 208 closings with an average sales price of $321,735 and a medial sales price of $254,950. In closed condos or townhomes, we had 52 closings with an average sales price of $202,551 and a median sales price of $175,000.

I will be sending out a year-end e-newsletter with more detailed data from our local MLS about our real estate closings not only from McCall but surrounding areas of Donnelly, New Meadows and Cascade. Please send me an email or give me a call if you would like to be on this list.

Happy 2014!

Idaho Department of Land will Auction More Lake Front Properties

On December 17, the State Board of Land Commissioners(Land Board) approved the Idaho Department of Lands recommendation to offer the voluntary auction opportunity to 21 Cottage site lessees around Payette Lake in McCall. In October the Land Board did not approve of three land exchanges that were proposed by Cottage site lessees which would have traded dozens of cottage sites for land in other parts of Idaho. It is this group of Cottage site lessees that will have the opportunity late February or early March to elect to put their land up for auction. The Idaho Department of Land felt that these lessees are ready, willing and financially able buyers who are highly motivated and already have been well vetted through the land exchange due diligence process.

The IDL is constitutionally required to hold a public auction for the direct sale of state endowment trust lands, so these Cottage site lots will be available for anyone to bid. Local, regional, and national marketing of the sites will take place in an effort to increase competitive bidding on the sites, consistent with the constitutional mandate of maximize income from the sale and use of the lands. The auction will be for the land only and if a bidder other than the current lessee wins the auction, that person must pay the current lessee the market value of their personal property (ie. value of the cabin).

I will be posting more information about these sites around Payette Lake here in McCall and information about the upcoming auction. If you are interested in learning more or being involved please don’t hesitate to call or email me.

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.

September Real Estate Closings for McCall

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.

September closing trends graph

New Client and Friend

One of the things that I love about selling real estate is that every transaction is different, each time it is with new people and new situations. Often I find that my clients are not just my clients but also become my friends. This spring, I had the pleasure of working with a wonderful couple from California who wrote me this recommendation and asked that I share:

“We totally lucked out when we chose Cory Corbet to be our realtor. It took us 2 years to find the right property and Cory was professional, patient, communicative, responsive, and understood every angle throughout the whole process. I would not hesitate for a second to recommend her to anyone thinking of buying or selling a home. She understands every part of the process and I would have complete confidence in her ability to close the deal. We had 1031 exchange along with tricky sellers, so when it finally closed, it was a big sigh of relief for us all. She met me at the house to personally hand over the key, and when I drove up with a truck load of furniture, she even helped me unload the truck! She definitely went above and beyond the call of duty as my realtor. Cory was an awesome agent and I feel like I have also found a new friend. ” Amy, Santa Cruz, California.

Thank you, Amy and all those others that have let me be a part of their real estate journey.