Real Archives - Corbet Property

Fourth Quarter 2016 Real Estate Closings for McCall and Surrounding Area

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: 86 homes closed, total dollar volume was $33,560,510. Average sales price: $390,238 and median sales price of $268,400. Our average days on market was 142. These numbers are down from last quarter. These numbers do not include any fractional or time share sales. Our average sales price went down about 6% last quarter and 8% down for the medial sales price over last quarter.

Surround area’s residential closings for 2016 fourth quarter:

Donnelly residential closed sales: 23 homes closed, $5,735,500 total dollar volume. Average sales price: $249,372 and median sales price: $193,900 with an average days on market was 174. Sales volume was roughly the same this quarter from last quarter but average and median prices dropped slightly this quarter.

Cascade residential closed sales: 16 homes sold with a total dollar volume of $2,281,400. Average sales price: $142,588 and median sales price of $140,000 with an average days on market to be 104 days. Most of the numbers were down from last quarter, except the median sales price for this quarter was up just over 18%!

New Meadows residential closed sales: 8 homes closed. $2,751,900 total dollar volume with an average sales price of $343,988 and median sales price of $307,500. Average days on market was 199. Total dollar volume and quantity was down this quarter however, the average sales price was up almost 33% and median sales price was up almost 39%, which means that last quarter had a couple high end sales that boosted up the averages.

For questions or to learn more about the real estate activity in our area, please give me a call 208-630-3283

Prices Increased with Auctioned Payette Lake Lots this Year

The Idaho Department of Lands recently released information on their latest auction of 30 Payette Lake lots sales. The sale took place in Boise on August 19th during a public auction. The sale generated over $12,605,500 for the endowment funds that support the Idaho public school systems and State hospital south.

The Idaho Constitution requires a public auction for the disposal of state endowment trust lands, and IDL can accept no less than the appraised value of the properties.

Sales from last year’s auction ranged from $40,000 - $68,000 for second and third tier lake front lots, sales of similar lots this year ranging from $55,000 - 83,000. Lake front lots last year went $480,000 - $1,155,000, this year’s sales of lake front ranged from $400,000 - $1,570,000.

There were three lots last year that were not able to sell at auction, two of the three went up for auction again this year and sold with a higher sales price than the minimum reserve that was not met last year.

2230 Payette Drive sold this year for $872,000 - last year there was no sale at $860,000.
990 Pine Haven sold this year for $72,000 - last year there was no sale at $70,000.

This is very consistent to what we are seeing in McCall’s real estate market this year. Our average sales prices are increasing and inventory shrinking. This year’s State auction will continue to nudge our real estate prices up in the McCall Area.

For more information about Idaho Department of Lands Payette Lake Cottage Sites Auction please email me at [email protected].

Third Quarter Stats for Real Estate Closings in 2015

It was a busy summer for real estate which is very typical for our area. Nationally, existing home sales dipped slightly in August, but in our area numbers remained strong throughout the third quarter. Often we see our prices dip slightly in the late fall, when we are nearing the end of our busiest season and winter is around the corner. Sellers motivation has a tendency to increase when snow is in the forecast.

Looking at the closed sales for the McCall area during the third quarter based on our local MLS, we see that 101 residential properties sold with average prices around $343,322, which is up from the second quarter of this year and significantly up from the third quarter in 2014.

In the Donnelly area, 17 residential properties sold during the third quarter with an average sales price around $217,512, this is up from the second quarter but down from the third quarter of last year.

Cascade area residential sales were at 20 closings this quarter with an average sales price of $154,065 which is also up from the second quarter of this year and the third quarter of last year.

New Meadows area had 11 closings this past quarter with an average sales price of $239,364. Their average numbers are also up from the second quarter of 2015 as well as year over year for third quarter of 2014.

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.

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.

March Real Estate Closings Start off Strong

Just half way into March and it appears that McCall’s real estate market is really picking up compared to past few years. Since March 1, 2026 there have been 21 closed transactions for the McCall area with an average sales price of $127,607 and a total dollar volume around $2,679,750. This time last year in McCall, there had been only 14 closed sales, the average sales price was a bit higher at $141,975 and a total dollar volume at $1,987,651. When you compare this to 2011 it drops significantly. For the first two weeks of March in 2011, there were only 6 closed transactions in McCall with an average sales price of only $96,750 and total dollar volume at $580,500.

This is a great start to what appears to be an improving real estate market in the McCall area.