In general the fourth quarter slowed down for real estate closings in McCall, Idaho and all the surrounding communities (Donnelly, Cascade and New Meadows) in comparison to the third quarter. This is not completely unusual considering the seasonal nature of our communities but also do the lack of inventory that we saw this fall. When you look at McCall, which has the highest units sold and dollar volume of the communities, based on current inventory available and what we have seen closed consistently over the last year, we have 3.9 months worth of inventory. This absorption rate is closely related to our average days on market which is around 4.3 months.
Here are numbers for last quarters real estate residential closings for these areas; 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: 71 homes closed this past quarter with a total dollar volume of $41,689,095. Both of these numbers are down from last quarter but dollar volume is much higher than last year’s fourth quarter. Average sales price: $587,170 and median sales price of $349,000. this is up from last quarter. Our average days on market has lowered to 131 days.
Surround area’s residential closings for fourth quarter:
Donnelly residential sales: 17 homes closed, $3,987,850 total dollar volume. Average sales price: $234,579 and median sales price: $166,000 with an average days on market was 130. Overall this quarter is down from last quarter for Donnelly area, however average days on market has dropped slightly which might be due to lowering prices.
Cascade residential sales: 19 homes sold with a total dollar volume of $3,622,400. Average sales price: $190,653 and median sales price of $170,000 with an average days on market to be 132 days. Sales numbers and volumes are down this quarter but average and median prices are up slightly.
New Meadows area residential sales: 12 homes closed. $2,467,250 total dollar volume with an average sales price of $205,604 and median sales price of $186,500. Average days on market was 213. This area probably showed our biggest change for this quarter with total dollar way down and average and median prices almost dropping by half.
If you have more questions about the closings in Valley and Adams County or would like to learn more about selling your home in today’s market please give me a call or email.
