FINANCE NEWS

Aug 6 2017

Corbet Property McCall Idaho Real Estate #real #estate #wilmington #nc

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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.

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.

1st Quarter 2015 for closed transaction around McCall and Surrounding Areas

With the first quarter of 2015 behind us, its time to review the closed real estate transactions for our area.

McCall s closings for the first quarter:

Residential sales:  67 homes closed, total dollar volume was $23,993,000.  Average sales price:  $358,105 and median sales price of $272,000.  Our average days on market was around 147.

Land sales:  13 closed with a total dollar volume around $1,389,300.  Average sales price:  $106,869 and median sales price of $44,000.  Our average days on market was around 235.

Surround area s residential closings for first quarter:

Donnelly residential sales:  12 homes closed, $2,386,355 total dollar volume.  Average sales price: $198,863 and median sales price: $214,450 with an average days on market was 185.

Tamarack residential sales:  10 homes, for a total of $3,767,900 in dollar volume.  Average sales price:  $376,790 and median sales price of $354,950.  The average days on market was 209 days.

Cascade residential closed sales:  14 homes sold with a total dollar volume of $1,635,000.  Average sales price:  $116,786 and median sales price of $103,500 with an average days on market to be 195 days.

New Meadows area residential closed sales:  5 homes closed.  $910,000 total dollar volume with an average sales price of $182,000 and median sales price of $175,000.  Average days on market was 164.

Overall home values and quantities were up significantly from this quarter to last year however land sales are down, which is a bit surprising considering the milder winter, however it looks like it is going to be a strong year with new home construction as there is a significant increase in building permits this year.





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