4th Quarter Stats for Real Estate Closings

Happy 2016! Another quarter is behind us and as we review our end of quarter stats for real estate closings around McCall and surrounding areas, we see an overall drop in average sales price based on the previous quarter but year over year we could easily see an increase across the board. Our seasonal trends really effect our average sales prices each quarter. Please feel free to call or email to discuss in more details any of this data or general real estate information and trends for our area.

McCall’s closings for the fourth quarter:

Residential sales:  76 homes closed, total dollar volume was $23,424,050.  Average sales price:  $308,211 and median sales price of $206,000.  Our average days on market was around 173.  These numbers are down from our third quarter, with almost a 11% drop in average sales prices for the third quarter average sales price of $343,322.

Land sales:  23 closed with a total dollar volume around $4,907,150.  Average sales price:  $213,354 and median sales price of $92,500.  Our average days on market was around 362.  

Surrounding area’s residential closings for the fourth quarter:

Donnelly residential sales:  20 homes closed, $3,721,735 total dollar volume.  Average sales price: $186,087 and median sales price: $159,250 with an average days on market was 188.  The average sales price is down from last quarter almost 15%.

Cascade residential closed sales:  15 homes sold with a total dollar volume of $2,329,901.  Average sales price:  $155,327 and median sales price of $151,000 with an average days on market to be 161 days. Cascade saw an increases for the fourth quarter with a 1% increase in average sales price
over last quarter.

New Meadows area residential closed sales:  9 homes closed.  $1,204,079 total dollar volume with an average sales price of $133,378 and median sales price of $84,000.  Average days on market was 148.  There was a pretty significant drop in average sales price of almost 45% from last quarter.

Information was put together from our local MLS.

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:  cory@corbetproperty.com

 

Signs of Improvement in Vacation Home Markets

We are always excited to hear about good news in the country today and recently I was forwarded an article from the Wall Street Journal about market conditions improving in high-end locales for vacation homes that I thought was interesting enough to share. Below is the link to their article.

Wall Street Journal Article

McCall is not mentioned in the article but our market still has incredible buying opportunities and with these historically low interest rates, it is setting up to be a fantastic summer.

Boise, which is our feeder market, has seen three months of consistent sales price increases. In the Idaho Statesman Saturday edition of their HomeFinder section, they showed an increase not only in average sales prices but also an increase in total number of homes sold both from last month and the previous year at this time.

Call us today if you want to learn more about real estate opportunities in McCall.

February 2012 closings in McCall

The extra day this year didn’t add to much more activity to the real estate transactions around McCall. There were 13 real estate transactions closed around the McCall area during the month of February according to our local MLS, with a total dollar volume of $1,434,500. Of the 13, 2 were fractional properties, 2 condominiums, 3 vacant land, and 6 single family homes. The lowest price sold in February was $25,500 which was a lot in Crescent Rim area and the most expensive property closed in February was a Shiner Creek Condominium sold for $265,000. Of the ones closed, only 4 of them were reported as short sales or foreclosures. The good news is that there are 36 properties pending or have a contingent status for the McCall area, including some nice lake front properties, so expect to see the real estate numbers for the upcoming months to jump up significantly.

April and May Real Estate Numbers

One of the homes that closed in April

We are a little behind in getting the April numbers posted so since we waited long enough, we now might as well post the real estate closings for both April and May.  It is hard to believe it is already June 5th.

April closings for McCall were very strong this year, the most dollar volume we have seen all year. There were 21 real estate closings for April with a total dollar volume of $3,936,501. The average sales price was $187,452. Five of the closings were short sales and six of the closings were banked owned properties.

May’s closings were down from April, with a total dollar volume around $2,696,655 with only 17 closings for the McCall area. Six of the closings were banked owned and three were short sales.

For more information about real estate in McCall call or email us today.

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 Winter Sports Club Biathlon team at Jug Mountain Ranch.

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Contact Cory

Century 21 Whitewater Clark
cory@corbetproperty.com
(208) 630-3283