It is fun to bring in the New Year with lots of goals and aspirations for the year to come. In real estate, I always like to begin the new year with analyzing what has happened in the past year to help set expectations for what our market could look like for 2014. In beautiful McCall, Idaho we are in a world of its own when it comes to real estate. We are, as National Geographic states, one of the best kept secrets for both ski towns and overall small town resort communities. Our real estate prices are higher than most cities due to our location and building requirements but we are significantly less expensive than most well know resort towns such as Sun Valley, Aspen, or Tahoe. We are also one of the few resort towns that have a beautiful mountain lake right in downtown!
Let’s take a look at 2013: Last year we saw 384 real estate transactions closed in the McCall area that included all types of properties. Eight of these properties closed were commercially related and one was ranch/farm land. The majority of our closed transactions were land and homes. Of the 384 closed deals in McCall, 116 were vacant land, described here as all kinds. In the category of acreages, we saw an average price per acre at $22,308 and a median price per acre at $14,280/ acre. For residential homes sold this year we had 208 closings with an average sales price of $321,735 and a medial sales price of $254,950. In closed condos or townhomes, we had 52 closings with an average sales price of $202,551 and a median sales price of $175,000.
I will be sending out a year-end e-newsletter with more detailed data from our local MLS about our real estate closings not only from McCall but surrounding areas of Donnelly, New Meadows and Cascade. Please send me an email or give me a call if you would like to be on this list.
Happy 2014!
