The Real Estate market remains strong as we finished off the year. Prices across the board went up in every field and inventory continues to remain low so I would imagine we will see similar prices for the upcoming quarter. The interesting thing to see this quarter was the average days on market went down in almost every area, meaning properties are selling quickly and quite possibly could reflect more cash closings. I also included this time, the average price per foot.
Here are numbers for last quarters real estate residential closings in the different areas around McCall; 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: 103 homes closed this past quarter with a total dollar volume of $70,183,258 Average sales price: $681,391 and median sales price of $460,000. Our average days on market for the first quarter was 99. Average price per foot was $320.97.
Surround area’s residential closings for the fourth quarter:
Donnelly residential sales: 25 homes closed, $10,508,100 total dollar volume. Average sales price: $420,324 and median sales price: $380,000 with an average days on market was 73. Average price per foot was $230.72
Cascade residential sales: 21 homes sold with a total dollar volume of $8,047,500. Average sales price: $383,214 and median sales price of $389,000 with an average days on market to be 72 days. Average price per foot was $219,200.
New Meadows area residential sales: 20 homes closed. $10,822,400 total dollar volume with an average sales price of $541,120 and median sales price of $472,250. Average days on market was 96. Average price per foot was $233.90..
If you would like to know more about these closings or inquire about the value of your current home, please give me a call.