January 2011

There are 2 blog entries for January 2011.

In terms of monthly closings, Ada County posted some huge numbers in December.  There were 525 homes sales, up over 40% from a year ago and the highest for a December since '06.  Helping spur all these sales were the 209 bank-owned properties & 108 short sales, accounting for 60% of the sales.   Below you can see how 2010 real estate sales compared to the previous 4 years.

Ada County Real Estate Sales 2010

What makes these numbers more interesting is the fact that inventory levels are way down.  In December '10, there were 24%+/- fewer homes for sale in Ada County than last year.  Compared to the same time 4 years ago, there's 41%+/- fewer homes on the market.

Ada County Homes for Sale 2010

If it weren't for the number of foreclosures, these strong sales and low inventory would be having a much different

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The Eagle Idaho real estate market had a very strong December with 33 home sales.  This is up 43% over the same time last year and 49% from two years ago.  Below you can see the monthly real estate sales in Eagle in 2010 compared to '09 & '08.

Eagle Real Estate Sales '08, '09, '10

Fifty four percent of the sales were either Eagle Idaho Short Sales or Eagle Bank-Owned Homes.  This is about average for what we've seen in 2010.

Eagle Real Estate Foreclosure Percentage

The median home price in Eagle Idaho rose to $308,000.  Helping lift the median home price was the 6 new construction sales, the highest in 13 months.

The most expensive home that sold in Eagle was a short sale in Brookewood for $600,000 ($113 sq/ft).  The most expensive home price per sq/ft that sold was a new home in The Shores for $156 sq/ft.  Below

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