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by Jace Stolfo
on Tuesday, January 22nd, 2013 at 7:21am.
Eagle ID real estate sales in 2012 have gone up compared to 2011. For example, this past December there were 37 home sales. In December 2011, there were just 26, a difference of about 30%. The chart below shows sales for real estate in Eagle Idaho over the past two years. With a few exceptions, each month in 2012 outperformed sales from the same month in 2011.
Another change in the Eagle ID real estate market has been the amount of new home sales. The past six months have been particularly strong, especially October which had 21 new home sales. That's an 86% climb from October 2011 when there were just 3 new homes sold. Similarly, December 2012 saw 11 more new homes sold than December 2011. Overall there were 113 new homes sold in 2012 and just 58 in 2011.
About 24% of the homes sold in the Eagle ID real estate market this past year were new homes. Their median sold price was $312,000. The Preserve subdivision saw the most new home sales this past year with 32.
While home sales have gone up, Eagle Idaho foreclosures have gone down. And while Eagle short sales and bank-owned properties have both slowed from one year ago, REO sales have declined dramatically. One prime example is June 2011, when there were 15 bank-owned/HUD properties sold. In June 2012 there were just 2. Sales of HUD properties, meanwhile, have become almost negligible in the Eagle ID real estate market.