Third Quarter Real Estate Closings for McCall and Surrounding Areas

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.

McCall residential closed sales: 94 homes closed, total dollar volume was $38,972,600. Average sales price: $414,602 and median sales price of $291,000. Our average days on market was 146. Significantly more homes closed and sold during this quarter than last quarter. These numbers do not include any fractional or time share sales. Our average sales price went up over 18% increase from last quarter but our mediain price only went up rougly 3% over last quarter. Right now, we have approximately 7.5 months worth of inventory for residential homes.

Land sales: 50 closed with an average sales price: $85,795 and median sales price of $69,950.

Surround area’s residential closings for first quarter:

Donnelly residential closed sales: 20 homes closed, $5,739,030 total dollar volume. Average sales price: $286,952 and median sales price: $217,500 with an average days on market was 162. Sales volume increased significantly for this quarter from last quarter but average and median prices dropped slightly this quarter. Donnelly currently has approximately 1 year worth of inventory for homes.

Cascade residential closed sales: 24 homes sold with a total dollar volume of $3,440,100. Average sales price: $143,338 and median sales price of $116,000 with an average days on market to be 129 days. Many more properties sold this quarter but a pretty significiant drop in median sales price from last quarter. This area currently has 8.5 months worth of inventory for homes.

New Meadows residential closed sales: 13 homes closed. $3,002,500 total dollar volume with an average sales price of $230,962 and median sales price of $189,000. Average days on market was 175. Sales were down across the board for this area for the third quarter verses the second quarter. Averages were closer to the first quarter sales in New Meadows area than last quarter, which means that last quarter had a couple high end sales that boosted up the averages. They currently have 7.5 months worth of inventory.

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]

 

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.

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

 

McCall Donnelly High School Ranks #3 in Idaho

Recently U.S. News teamed up with American Institution for Research to rank the best High Schools for 2013. They evaluated more than 21,000 public high schools in 49 states and ranked them based on state proficiency standards and how well they prepare students for college.

McCall Donnelly High School ranked #3 in Idaho and #785 for the nation. McCall offers a low student to teacher ratio of 10:1, it scored above average in reading and math proficiency and had a 46% participation of students enrolled in Advanced Placement course work and exams.

Way to go McCall Donnelly High School!

About Cory

Cory grew up in Alaska where after graduation was nominated into the Olympic Education Center in Northern Michigan University where she was offered the opportunity to train for biathlon (cross country skiing and shooting) and go to college. Later she qualified for the United States National Biathlon Team and traveled and raced all over the world for over 6 years. Having been drawn to the outdoors all her life, McCall was a natural fit for her when she moved to the area in 1998.

Cory’s lovely family consists of her husband, Jim, her son, Cyrus, daughter, Ellie and their Walker Coonhound, Copper and Cat, Twinkle.

Cory and her family love to wake surf on Payette Lake, snowboard at Tamarack and Brundage Mountain, snowmobile in the back country, and mountain bike on all the amazing single track trails in the area.

During the winter season, you will find Cory coaching the McCall Nordic and Biathlon team at Jug Mountain Ranch.

Contact Cory

McCall Real Estate Company
cory@corbetproperty.com
(208) 630-3283

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